Number came in soft enough to illustrate that inflations finally running out of steam so when the c pichlt came in around 3 way down from where it was before we all cheered. Many people bought stocks. Everything was fine, right wrong. That rally was a totally revolting development. Sure enough the averages spent the rest of the session selling off dow finishing just up 53 points while nasdaq advanced minor. A far cry from that yoef heated opening. Theres so many reasons why it was a mistake to buy stocks this morning. Because ive been spending this whole week teaching you how to avoid the kind of mistakes that make you give up on the entire stock market were going to unpack this one. Unpack it good mistake number one the vast majority of people who follow the stock market closely were predicting that the Consumer Price index would be up around 3. 3 . It was actually up 3. 2 . Take note. When most prognosticators predict 3. 3 inflation and yet 3. 2 inflation, guess what its not a surpri
U. S. History later on, the search for a successor is over at morgan sasan stanley. It is thus, october 26th, 2023 you are watching Worldwide Exchange. Good morning im frank holland. Lets start your day as we kickoff with stock futures we show you they are in the red across the board looking at percentages nasdaq is down 1 . The dow and s p also in the red. We will talk more about what is going on in a moment this action here after a rough session for stocks yesterday with the s p fall by more than 1 also the nasdaq now in connection territory it closed down nearly 2. 5 its worst day since february the focus of that selloff is on alphabet logging the single worst session since 2020 and the largest decline in market value of 166 billion wiped out. That number equals all of amd or disney shares are lower again this morning. Down 2. 25 we are watching surging yields. 10year treasury is at 4. 95 the 2year treasury is also showing a yield above 5 as well as the long bond. We will have more
Good morning to you. Thank you for joining us. Welcome to mornings on two. Im dave clark. Good morning. Im pam cook. Thursday morning, september 28th. Check in with Steve Paulson on the weather. Pretty mild coming in. Did you like yesterday. I did. It was clear it was nice. So ill like today. Very similar today. Then. Change is on the way. Big change is on the way. A little bit more fog today than yesterday, most of it on the san mateo coast, some in the city. I dont think theres that much, but palo alto is already down to 51. Santa rosa, 50. So the lows are getting cooler, quiet today, but change begins tomorrow and well have more on that, including over the weekend. But today, 60s, 70s and 80s, lets get back to the news now with dave and pam. All right. Topping our news this morning, it was a heated debate last night for the republican president ial candidates in Southern California. Yes, seven republican candidates took part battling to get attention and battling to get airtime. Som
Hello, think about this. It is being called risky, bold, even inhumane, but in just a few days, the governors experiments to tackle Mental Illness in california will begin. We have learned the first care courts are set to open monday, in San Francisco. It is a city we all know is fighting a National Reputation for a crisis on the streets. The governor is hoping to change all that by allowing people to request Court Ordered treatment for people with the most severe Mental Illnesses. When people get their meds, when people get support, we know we can turn peoples lives around. This is eminently solvable. Sentences go is one of the first seven counties in the state, and the only one in the bay area so far, to open care courts. While there has been a lot of talk about this controversy, there are still a lot of questions about the details of exactly how this will play out. Jose martinez met with some people behind care courts to explain how they will work. You might think it is a Traditiona
Mixed reality. Allows you to bring digital octobers into the physical world. Mark zuckerberg homing to jumpstart the meta verse, taking Artificial Intelligence to another level. Plus, did you end up getting your Powerball Ticket . If you didnt, dont worry, you will have another shot to become an instant millionaire. Yes, im Gianna Franco and hopefully the next millionaire if i get my Powerball Ticket next time. Keep trying everybody along with Good Neighbor day. Im reed cowan and glad you are here with us. And we have a new neighbor here, filling in for jess this morning. We do. Darren peck is hanging out with us and hopefully a neighborly forecast. Thats an easy request today. A lot like yesterday, pretty much doing average temperatures for daytime highs. Were going to warm right back up to the low 80s for most of our inland valleys and were not looking at any widespread fog issues out there. Although there are a few more low clouds this morning than yesterday, were not seeing it from