Sales and the stock is hitting new highs. And finally teslas tumble, why the street is mixed on what actually came out of the companys battery day event yesterday. J j, though, jim, going to be the lead and you just called it maybe the best company we have in this country. Yeah, look, i think that i like triple a balance sheet, i like a company that continues to make the numbers, i like a company that pays a good dividend, has the best pipeline, most robust pipeline in pharmaceuticals and i like a company thats not a hype company. The fact that they are ready to do their vaccine now, full disclosure i am attempting to get into the trial, i think its everybodys duty to get into the trial they are the only one emphasizing the atrisk people they want people who we view as people who we need to protect. I dont hear that from any of the other companies. I like the fact they are willing to give it to their whole employee base. This is the way i think it should be done and i know people are c
Report in the atlantic that says President Trump called wounded veterans losers we will talk to the Vice President , but lets talk more about the nasdaq with the tech selloff continuing. Some of the big names we follow closely, tesla is down after a 9 drop yesterday and today its down about 2 in premarket activity. The chip maker also about 9 yesterday and it also looks to open down by almost 4 today. That is free market activity as well. Zoom after a big day earlier in the week seeing major prophet taking in the last two days down almost 2 and apple surging on its stock split monday but then down another about 7 yesterday down to about one and a quarter in premarket activity after an 8 drop yesterday. We are less than two months until election day and joe biden is out and about. He made another. Dot this could be why the democrats want him to stay in the basement. We will play that a little later. We may hear from President Trump as he meets with leaders of serbia and kos about later
Well, you have to know who the altamont passes are not you are with, right . The bubble, literally. Changing, and from 54 to 680 yeah. You are in my bubble, you from aldrade has slowed, and the have to have fresh air and fresh breath. We are going to have hot temperatures, too, as we take a live look outside from mount work should be cleared there, but not yet. Tam, and we can see the view it is unusual slowing from over San Francisco, and we have not had the cool refreshing freemont to sunol and back to breezes that we are used to you. Thank you, mike. Staying on the breaking news, here, swraez been dealing with the fires are ripping through the extremely hot temperatures near the coastline. Parched brush across the bay and we are going hour by hour area, and in some cases coming with few clouds moving by and dangerously close to homes, and smoke and then by noon time, if prompting evacuations, and all you are thinking of lunch of this in the extreme bay area. Outside, let me show you
I wanted to point to the mexican peso. Has not moved much today but we are keeping an eye on the earthquake that struck the country. Now lets get a status report on the credit markets. 13 u. S. Companies sought bankruptcy parks section protection last week. It comes even with the intervention of the fed which has injected liquidity across the markets and given borrowers. For more insight, lets bring in srikanth sankaran. The last time we spoke, we were already seeing a calming in the credit markets. Where do we go from here now that the fed has backstopped entire curve in the credit market . Srikanth our thesis over the next 12 months is we get a grind tighter with respect to spreads. Our call is for credit markets to deliver positive exit returns across investmentgrade and highyield markets. Effectively, you want to be more selective, but at the end of the day, this is an environment where you have to look at rerisking portfolios in times of weakness rather than missing out when the m
Going on, dan. Mayor breed came out today saying there is good news for a change. Starting may 18th, next monday, the city will allow all street front businesses to open for pickup and delivery. What this means now for our city is incredible. Because were talking about many of those Small Businesses and various neighborhoods you see many of those shops that are closed. They will be able to open for pickup and for Curbside Pickup and delivery, which is going to be incredible. This does not include malls, for example. But it does include in San Francisco. And were talk close to 95 of businesses which have unfortunately been closed. This is not only going to support the jobs that hopefully many will return as a report, and people who love these businesses and want to see them continue. Its a continued step. We also will be allowing warehouses and manufacturing as well to open under certain guidelines. And i want to also caution everybody. Even though this is exciting, we still need to be