Complacent well debate that and your next money moves. Liz young is with us, and a tipper mcgee, Institutional Investment services group, and she is a new cnbc contributor. We will have the hazing ceremony, tiffany, in just a bit. Meanwhile, a check on the marks. Nasdaq against hitting new intraday highs, but the nasdaq doing a bit of a uturn, now down 28 points or about 0. 25 of this hour as some growth names like tesla and apple drop. Well talk about them in a little more detail steve weiss, id like to begin with you i read a very persuasive note that talked about reasons to stay invested. If you bet against this market, you are bankly shorting two things you are shorting the fed and you are shorting science, i. E. The hope that a vaccine will come along. You want to short those two . I dont think so steve . So, my observation that i sent to you this morning were that the markets momentum market, and if you disregard fundamentals, which the market is doing in large part, or at least
First, todays show is brought to you by the letter b thats because bond yields, bullion, big cap tech. Fed chair Jerome Powell gears up for a high stakes speech from jackson hole summit. With bullion up, big tech up, what is up with the market as we gear up for powell, guy . I like to hear you say bullion. I feel like im going to have soup or go back to doing what i used to do back in the day its wonderful you can do an entire show saying that word. Whats up . Risk assets are continuing to go higher based on we talked about this a couple days ago, the fact they said they will be a historic speech for the fed in the way they view inflation, the way they measure inflation and thats why the market took off and i think thats why you saw it probably move today into that speech the things you didnt mention and forget it but they didnt rhyme with b or start with b the russell was down today and the vix closed north of 23 those are two very interesting things to take into consideration along w
And then he will travel to thanksville to pay his respects in the afternoon. Mike pence plans to participate in new york city at 5 40. And senator Kamala Harris will deliver remarks at a remembrance ceremony in fairfax, virginia. Abc news will have a special report to observe a moment of silence marking the moment the first plane crashed into the north tower. Well bring that to you live at 5 45. Back here at home, here is a look at just how dramatic the air quality has changed in San Francisco. So the picture that you see on the left, that is from the end of august. The middle is wednesday and the one from the right is what it looked like yesterday afternoon. And it is not just unhealthy air. These wildfires are making it rain ash around the bay. In the east bay, drivers were racing to get their cars cleaned up in oakland. You put your windshield wipers on, it was just brown yucky stuff, gunk. According to driving. Com, ash mixed with fog, rain, can create substances that are really ha
Low visibility. All of us one to three miles as you see from our exploratorium camera there appier 1 peeat pie. And the air is calm, so it wont move. We wont see the sun for the third consecutive day. And remember when you are driving this morning, advivisiby is low so use your low beams. The only escape is around the monterey bay. Well will have better air quality this weekend and ill talk about that coming up. So there is some light at the end of this tunnel. In case you forget what it is supposed to look like outside, here are two videos. You see the dramatic difference in air quality from late august to just yesterday as the cameras pan on a clear day, you can see all the way to twin peaks. Now it is totally smoke. I think we have those flipped. Julian glover is live for us in san jose this morning. Reporter pretty hard to keep track of it all at this point. You might as well spare the air month at this point. The 26th consecutive day of the spare the air alerts pretty much as long
Now infecting american Prison Inmates at a rate more than 5 times higher than the overall u. S. Population and thats climbing in fact at the Federal Correctional Institution in c. Go bill texas the federal bureau of prisons reports that more than 1300 of the approximately 1750 prisoners held there have tested positive for covert 19 these brutal statistics of lead to multiple uprisings among the incarcerated populations across the United States just last week in georgia violence broke out of where state prison where the Atlanta Journal constitution reports that quote tensions were running high due to cope with 192 people incarcerated at the prison have died of the disease while 22 inmates and 32 employees have tested positive so with covert 19 on fire inside us prisons exposing even more horrors of our prison and die. Complex i think thats a good place to start watching the hawks. If you want to know whats going on a city a new street you want to see. Them so you like to see the prices