Starts. That means demand up for Mortgage Applications, supply going up in the future. That follows a remarkable improvement in the outlook for home builders. They are much more optimistic. The housing rebound would give the overall economy a real boost just when it really needs it. Now lets get to the market. Again, look at this. We are going up again, not much, going up at least at the opening bell. The rally continues. The dow up maybe 70. S p, maybe 10. Nasdaq, better gain, up nearly a half percentage point. Thats a 46point gain for the nasdaq. Okay. The fed is printing money. Theres a new stimulus plan in the works. Retail sales saw a huge increase, a positive News Development on virus treatment plus real estate and you add it all up, youve got a continuing stock market rally. Weve got a big show for you today. The president s reelection hangs on the economy which is coming back strong. So why is he trailing joe biden in the polls . We will address that. Social distancing is the b
Temperatures will be doing. Areas like san jose will remain fairly warm in the upper 80s by about 2 00. Now keep in mind thats usually sort of the hottest time of t day. If you want to enjoy the 60s and the 70s, you do that before 2 00. Now as we head into the weekend, fathers day forecast is looking spectacular. Plenty of sunshine expected, perfect day for grilling. If you have a backyard, it should be a nice one. Mike . All right. Well do that grilling regardless. Well find a way. Looking to the roadways and san jose shows a nice, easy drive. For our camera north 101 north of 680 a lighter volume shows up on the camera but the map shows you just past our camera a little slowing, some brake tapping up to oakland road. No surprises for the area. I guess it just cleared. The sensors went to orange and back to green. The rest of the bay shows an easier drive. I have one concern over in oakland but mostly light traffic. Folks arent just talking about it being friday, though. No, its also
As electric. One of teslas biggest goals straight ahead we start with the banks and the latest. Weve seen a flury of press conference from banks announcing plans for their dividends, one of those coming at a future date is wells fargo saying its third level will reduce from 51 cents a share, didnt mention what level it will reduce to, but that will come in with the announcement of july 14th earnings another company on the watch list for potential definitely dind watch is capital one with buffer of requirement of 5. 6 but no plan of what to do with its dividends in the press conference weve seen so far press release weve seen so far. Of the companies that have reaffirmed their dividends citi group Morgan Stanley golden Goldman Sachs bank of america. This based off the stress test last week. Jpmorgan have not issued a release yet. Not that weve seen, correct. Wells fargo started today up with an 8 yield so nobody thinks an 8 yield is what the ongoing yield is going to be for well to me t
We have to do something. My brother did not have to die that night. The outrage and heartbreak from his family this morning. Trump tackles the quarterback. The president saying it was a mistake for the new Orleans Saints drew brees to apologize for saying he would oppose players kneeling in protest to Police Brutality. The back and forth this morning on social media. Stunning statement from nfl commissioner Roger Goodell. We the National Football league admit we were wrong for not listening to nfl players earlier. How he says hes helping in the push for change and his message to all the players in the league. And bracing for cristobal. The Tropical Storm headed for the gulf coast with torrential rain and sto were tracking the path. Where and when its expected to make landfall. Anngki be e te ansuch as orlo, turned 27 yesterday, and ahmaud arbery. Floyd, of course, was seen in that infamous video where a Minneapolis Police officer put a knee on his neck for nearly nine minutes. Today in
Year, we really dont know and then the vision fund has a record decline, as the tech bets go bad. And then buying the rumor. The shares rally on reports over the sale of its steel business sending its stock at the top of the tracks its like getting the green light to buy from the Italian Government for a 6. 3 billion credit line. And ryan air says it will have to deeply discount fares to attract passengers back in the air. The ceo says they are making this stuff up as they go along, and the reality is, face mask. You reduce the transmission by 98. 5 . Happy monday, everybody, and welcome to street signs. Last week the stock 600 dropped about 3. 8 but this morning we are seeing investors putting money back to work in particular in cyclical markets. Altogether the stock 600 rebounding more than 2 . Really recouping last weeks losses we are reopening Major Economies around the world and investors are perhaps cheering that in terms of what is in demand and shrugging off the bullish ideas,