Appetite reverses the trend weve seen of late joining us, steven weis, managing partner of weis managing partners. Thanks for being here. Thanks for having me. I like the no tie look. I do that on a friday. Hes, i guess, getting the positive sentiment going here. Absolutely. Even though its only tuesday. When you look at whats really leading the s p higher today, its tech stocks its the Semiconductor Names what do you think right now . So, i own smash which is semiindex, ctf i owned it coming in today, bought more immediately when the news hit its not something i typically do i sold some in the last halfhour. Im not sure this momentum is going to continue. Its highly volatile, and when you have profits and positions that arent core positions, take them, be happy look at where the market is. The market is no further than where it was actually, its lower than where it was. Go back a year and a half, its basically flat core positions you dont necessarily touch unless the fundamentals chan
Announcement that the u. S. Was delaying those tariffs. Joe hardware names, really good day. Caroline best buy, your best performer on the s p 500. Seemingly christmas is back on. Abigail, what are you watching . 500 in relation to its 50 Day Moving Average. Even today, we are still below that. That is fitting. The volatility we had in the early part of last year that was induced initially by the Solar Panel Tariffs put on by President Trump against china. Daying support on the 200 moving average. Longterm buyers stepping up. Fourth quarter, really ugly. Day,in may, below that 50 then a test of the 200 day. At this point, it looks like we still are probably going to test that 200 Day Moving Average and you could make the case that the s p 500 is confirmed for a bigger drop. Didstocks did search surge today but the yield curve was moving flatter and flatter. The spread between the twoyear and 10year treasury yield, it twod lower today to roughly basis points. Right there on the cusp of
Clear blue skies, heat and no government shutdown, all of those factors adding up to success for this years first fleet week air show. And two more shows are set for this afternoon and tomorrow. And we see them on the ship decks and soaring high in the air, but where do sailors and marines go when they have some down Time Available . We caught up with some firsttime visitors to the bay area. Good morning. It is saturday, october 7th. Im kenny choi. Lets start with a quick look at how much longer our current heat wave will last. Heres first alert meteorologist paul heggan. Weve got one more hot day in store for us today. The heat dome still definitely impacting our weather. But beginning to shift which allows the onshore breeze to kick in, cooling down coastal locations, particularly as we head through the rest of this afternoon. Now, early next week were talking about a significant change in the big picture weather pattern. A storm system is going to miss us with most of its moisture,
Fleet week air show. And two more shows are set for this afternoon and tomorrow. We see them on the ship decks and soaring high in the air, but where do sailors and marines go when they have some down time . We caught up with some firsttime visitors to the bay area. Good morning. It is saturday, october 7th. Im kenny choi. Lets start with a quick look at how much longer our current heat wave will last. Heres first alert meteorologist paul heggan. Weve got one more hot day in store for us today. The heat dome still definitely impacting our weather but beginning to shift which allows the onshore breeze to kick in, cooling down coastal locations particularly as we head through the rest of this afternoon. Now, early next week were talking about a significant change in the big picture weather pattern. A storm system is going to miss us with most of its moisture, most of its energy, but its going to bring cooler temperatures and a chance for a few rain showers late monday and into monday nig
Shiller numbers up too the president s pick to head the central bank prepares to testify on capitol hill. Plus. Crypto coin with 10,000 in sight this morning. House ways and means chair kevin brady will join us live this hour as the final details get hashed out as stocks look to set new record highs the president s choice to succeed janet yellen heads to capitol hill this morning. The fed governor will appear before the Senate Banking committee and in his prepared testimony propgsed continuity if hes confirmed we must be prepared to respond decisively and with appropriate force to new and unexpected threats to our nations financial stabilit prosperity, well bring you live coverage a lot of questions whether he thinks qe should be a permanent tool what he thinks of asset prices and inflation and regulation. I think youre going to hear answers you would have heard from janet yellen. I think one of the things that is surprising here is that the pick itself is very neutral its not like whe