Comeback this summer. The Election Campaign getting back to Something Like normal. Its all part of the great opening up which continues rapidly. Georgia was the first. New numbers show that it has bounced back very very quickly. Its economy has. New jersey has lifted the stayathome order. New york city subways have seen a considerable increase in ridership. And the money from the government is finally flowing to business, and get this, Mortgage Applications are surging, too. Add it all up and it looks like a much stronger summer economy. That outlook helping the market. Caution, however. The Federal Reserve releases its first Economic Forecast in six months this afternoon. That could really move stock prices. But right now, we are seeing a Little Movement to the upside, up 50 for the dow, up about, what, 12 for the s p, and another solid gain for the nasdaq, up almost 1 again and back above 10,000. Its great to be back. My thanks to ashley, susan and lauren for working so hard while i
Winning streak falling by 300 points yesterday take a look at whats happening. Yesterdays session, the dow was down s p dipped back in for the year inching its way in the day before the nasdaq did power to a new record close and briefly broke above 10,000 for the first time. Lifted by amazon, apple, facebook and microsoft which all closed at record highs adding about 5 trillion. About the amount well spend in federal spending this year also take a look at whats been happening with u. S. Equity this hour both the dow and s p are under a little pressure. Dow indicated down by about 60 points s p down by 3. The nasdaq, even after all these gains is indicated up by about 17 points this morning taking a look at whats happening in the treasury market the 10year seems to be yielding 0. 797 crude oil prices are in the red. Crude oil prices, talking about the recovery theyve made. Talking about wti. Down about 2. 3 . What an improvement or a gain in crude oil prices now above 38 thank you it is
Lever more, 73. Always once a month, we some coming down about 10 appreciate it. I know youre very busy with degrees. Others only a couple. Everything going on in the city. Well talk to you soon. Id say layers there but san thank you, mike. Jose and San Francisco both at 57 mild degrees. Had a little bit of rain 8 48. Its that crunch time of the yesterday as you know and also commute typically, sal. This morning. Looks like its about done. Yes. Things change, these commutes have been just a little bit could be a couple rogue showers coming in for the valley. Altered as you know, starting for the most part well get off with some of the commutes partly cloudy skies and a little that we see. Cooler. 60s on the high. Let me go to the richmond sal is here. 80 by Cordelia Junction. Bridge. The bay bridge is lightning up. Things are beginning to get a little bit better. Absolutely. We see some slowing in fremont. Thats a big mess because of an Silicon Valley has late slow traffic on northboun
We are on the curve right now and do we know where we are going . Hindsight is 20 20. We never know where we are on the curve until after it has been drawn. Reporter an Infectious Disease expert at Stanford University said making any prediction about how the virus will spread in the u. S. Is difficult. Because we are actually watching several different outbreaks at once. In new rochelle new york we know that is a very specific kind of outbreak. We get may be patterned that one. That has nothing to do with what is happening in seattle or santa clara or any other place. It is really hard to scale up a model that would take into account all the different scenarios across the country. Reporter she said italy makes for a problematic comparison with the united states. While our country has lagged in testing there is encouraging evidence at our hospitals. Even with lack of testing will probably be noticing lots more people that are sick. Reporter we have not seen a dramatic or overwhelming su
That all seems to have stablized. Neil think about this, jpmorgan put together a year most successful for any bank ever in history. Any bank ever in history. Fox news contributor john layfield. Point view Wealth Management president , david dietze. Welcome to both of you. It is a split verdict. Wells fargo had other problems that disappointed the street. By and large were expecting financials to lead the way. They have done that. David, is it your sense that, you know, wells fargo is more an outlyer here . Absolutely. Wells fargo had to put aside billions for legal and regulatory issues. Theyre still trying to climb back out of the fake account scandal. That really pulled down the results dramatically. Of course theyre having to deal with some client defections and so forth as people lost a little bit of confidence in the bank. Jpmorgan, citigroup doesnt have the problems and they knocked the cover off the ball in q4. Neil how would you advice people if these markets, john layfield, 29