Becky is off today all breaking fivemonth win streaks with the dow the big loser. Still a good quarter i should say a very good quarter. The dow gaining 7. 5 take a look at u. S. Equity futures this morning lets show you where things stand as we speak. The dow up triple digits s p looking to open higher nasdaq about 140 points hire overnight, Tokyo Stock Exchange suspended trading after a glitch blaming a hard wear problem followed by a failure to switch over to a backup device. The first fullday closure of the tokyo markets since trading began in 1999. Too much partying like in 1999 also in 1999, the year after was the year 2000. That was the last time the nasdaq had two quarters as good as this. It has been 20 years the nasdaq was up 45 . So it has been pretty unbelievable yesterday, we had worries about coronavirus. Even in new york and elsewhere where there is high infection rates. We had sort of just the aftermath of the debate, which people said was unsettling just watching then
Screen completely different from yesterday and will call it a modest rebound but it was the big tech stocks that fueled the selloff in today though stocks also seen a modest rebound, certainly not recovering the losses theyve seen over the last three days but nevertheless they are back in the green. Take a look at tesla, that stock has lost around one third of its value in just one week. But look at it go today up nearly 7 and by the way well talk to the former Vice President of tesla coming up in this hour. Also tesla rival nikola solid spike after announcing the partnership with gm and come up will talk to the company ceo about the electric Vehicle Market in the fierce and growing competition. Meanwhile talking about competition in the race for the white house joe biden traveling to battleground states michigan to tout his new made in america plan, this ahead of the president s visit tomorrow and this morning by the way President Trump nominated for a Nobel Peace Prize by a member of
The bigger question is will they continue to buy the dip knowing all of the information they know. The volatility, the uncertainty around the election, the stimulus, plus the fact that some of the august move up first stocks had so much to do with options. Some encouraging signs relative to the idea that the virus will stick around. The vix is down, suggesting investors are less worried. We have bonds down on the day. From across asset class standpoint it is risk on. A littlettle david bit of risk on. What are the bread comes the markets may be leaving behind. The dollar is not moving much. Is there any indication what comes next . Abigail if we were to take a look at volatility indicators, that is what stood out over last couple of weeks, some of it having to do with options activity that pushed stocks higher. That is where you want to look. The nasdaq 100 vix are both down today. There are signs volatility could move higher. Another tell is an index not looked at by many market watch
Except along the immediate coast a little bit sluggish there bay Area Temperatures checking into some 50s and some 60s at this hour antioch at 64 got 50 up to santa rosa how about that almost like falllike feeling there 60 meanwhile for san jose but for comparison sake, its a little cooler up here in the north bay milder off to the east bay and the south bay for the lowdown today, what fog gets taken care of we going to mostly sunny or while hazy skies at least 61 by 08 00am by 11 were talking 77. Now little bit of a warmup is expected for this weekend but were going to another heat spike and drying out into early next week, well look at that forecast coming up in a bit robin. Sounds good. Thank you dave. Thats firefighters start to gain control of the 3 large wildfires burning in the bay area. Evacuees are returning to find what damage has been left behind Fire Fighters acknowledge the scope of the damage is historic. But containment of these fires is growing. Now according to calfire
, your line will be 202 7488002. Keep in mind, you can always , andus at 202 7488003 we are always reading on social media, on twitter at cspanwj and facebook at facebook. Com cspan. Call in, we want to hear what your top Public Policy issues are. Callingart with cliff, from essex, maryland on the republican line. Cliff, good morning. Cliff, are you there . Cliff. We lost once again, we want you to call in on your top Public Policy issues. Lets talk about what is going on behind me in the u. S. Capitol, as congress is struggling to get to work, get passed aphis coronavirus a fifth Coronavirus Relief bill. To an article from the hill this morning. Congress is struggling to complete a deal on a fifth Coronavirus Relief bill, as frustration amounts amid missed deadlines and no progress. Nowheres say they are close to an agreement and are facing growing skepticism about the chances for a deal that could bridge deep policy divisions as the november election draws closer. Im telling people t