Say the least after a bit of a rebound the other day when i was on with you, yesterday i was not here for what was a decline overall in all the markets. I think we are in a new era of volatility. Every single time we get an up opening people say, okay, i guess that selloff is over and when we get the printed selloff people say this selloff is going to go on for ages. I urge people to step back and recognize we are in a period where theres a lot of vacuum, a lot of people trying to buy when its going up, a lot of people trying to sell when its going down and just interpret that as just being enthusiasm, greed and then fear and accept it that its here to stay because its really the undercurrent behind these moves. Okay. And what does that mean in terms of this socalled playbook that you often offer people who listen to what you have to say sure. It means that if you think that it is going to bounce today because it was down hard yesterday, dont make the first move wait to see whether the
Benefited from the stay at home trend, both popped into the open both have gone lower all day long big swings and stocks are set for the second straight week of losses the s p 500 just fell through the 50 huday moving average. 59 minutes to go on a volatile day, week, and final hour of trade. The s p 500 is flat right now. Fwha but that belies the volatility that youre talking about. We have a big lineup on the show coming up, the ceo of kroger will join us on the back of the companys strong Earnings Report better than expected guidance as well plus, labor secretary Eugene Scalia will be with us to discuss the job situation in the country and the renewed push by some companies to bring workers back to the office and one brookings economist has a bold idea to get america back to work and speed up the recovery pay people to have a covid19 vaccine. But lets get straight to the market another wild session to close out a roller coaster week. Mike santoli is tracking all of the action today
Transact but difficult or impossible to forge and duplicate. It must be easy to verify, to prove that it is what it claims to be under all kinds of conditions and constraints for all kinds of people. It must be able to carry the information about what it is and what its worth without generating any information about how its used or by whom. It has to do this on platforms, networks and machines that generate effectively perfect copies and transaction logs and records in their very functioning. In other words, figuring out the how of how to mix things like cash digital is a very tall order indeed. Which raises the question of why you would need to build such a thing. Answering that question will take us from fighting surveillance to building parallel covert societies to libertarian series of economics and money to the pursuit of human immortality. All of these agendas, all of these wise fed into the creation of bitcoin and the crypto currency and block chain landscape today. This isnt ju
Fire danger goes into effect at 5 00 a. M. Tomorrow to 5 00 p. M. Thursday. Very low relative humidity and under those conditions fires can start and spread quickly. Here is our wind advisory in effect from 6 00 a. M. To 3 00 p. M. Thursday. Winds will gust in those Higher Elevations and stronger up to about 55 Miles Per Hour. Theres a possibility of down in h trees and power lines. Tomorrow evening well have strong winds gusting from 14 to 40 Miles Per Hour and the gusts become widespread by 11 00 p. M. Tomorrow and going into thursday, wind gusts up to 45 Miles Per Hour. The relative humidity is going to remain low tomorrow afternoon. Well see relative humidity only in the Single Digits about 7 to 8 to 14 to 15 and it will remain low through thursday morning into thursday evening before the humidity and wind begin to moderate and get back to normal levels on friday. Ill have a look at the sevenday forecast in a few minutes. State and local officials are demanding answers, why is pg e
Interested forecasts ibm is betting on 5g growth and the cloud, it has a tieup with at t that is talking exclusively with jim about he got both. And president ial pressure trump saying his administration will take a look at accusations from tech investor peter thiel that google coordinated with the Chinese Government so some mixed reaction out on bank earnings. Jpmorgan chase, Goldman Sachs, wells fargo. Guys, obvious lly the reason th stock is down they lowered their nim forecast by 500 million. Sometimes you look at a quarter and you say, please, please, give me a highlight. Look, the efficiency ratio was good but when i look at what the other banks have done, i understand that jpmorgan is good, just not shoot the lights out. I dont think when i look line by line, look, you got some good numbers here you have the Consumer Community banking this line about the just the consumer itself, these guys are coining money theyre not coining money as i would like it because of Net Interest Mar