Were the u. S. And china were expected to sign a partial trade deal. Alltimeks hit an high. Apple, lift, and facebook, all top earnings estimates. The start of trading begins in asia. The start of training in sydney trickling online. Trading has already been underway in new zealand. Weekve policy stocks in from the of it. New zealand trading flat at the moment. The kiwi dollar has been on the move. Higher after 1 west bank said the rmb would pause from november from cutting rates. Centralbank action is the name of the game as investors and asia decide for the meaning of what fed chair powell said overnight. It was a hawkish cut, saying things would stay on hold until the material changes to the Economic Outlook. In his press conference, suggesting inflation is key as to whether they would be any hikes down the road. That does not look likely at the moment. As wes looking positive go into a bank of japan decision day. Shery we have south koreas Industrial Production numbers jumping 2 af
Those stronger gusts that we are going to be seeing today. So just in to sup 8, that as you are making your drive into work and planning out the day in general, our windiest conditions out in the delta mountain tops as well as our bridges viewing from one of those mountain tops at mount tam. Just how beautiful and clear our skies otherwise, we do have high Wind Warnings in the sierra nevada. Winds up there will peak at 90 Miles Per Hour today. Well, those wind advisories for the bay area comparatively calm. 45 to 50 Miles Per Hour. But we are definitely breezy already this morning. Vacaville at 37 Miles Per Hour. Danville, 41 Miles Per Hour, peak gust and Half Moon Bay also at 40 Miles Per Hour remaining windy throughout the day. And finally coming down tomorrow morning advisories expiring tomorrow at 11 00am aside from that is a super pleasant day to look forward to were already in the upper 50s hardly fellow out of the 60s last night for some spots. And later on today, well be back i
Plus, powell wrapping up day two of testimony on capitol hill. Cleveland fed president loretta mister joins us exclusively with the more on the timing of when the first rate cut could be. And then we have the action, the story, and the trade on three more names getting ready to report results. Our trader likes two of them, and shes here with the names and what makes her a buyer. We begin with the markets overall. Its green. The headline today is a record high. Again, a record high for the largecap s p 500 index. Well put a star right there right now. At one point, it was as high as 5156. Its currently up 1 . The dow is the laggard on the day, just up maybe 1 3 of 1 , 120 points to the upside, 38,781. But the real outperformer is the tech heavier nasdaq. Not a record yet, but darn close. Its up roughly 1. 5 , 231 points to the upside. 16,262 the last trade there. Meanwhile, check out some of the earnings movers. A check on the consumer economy. Supermarket giant kroger, you can see here
Us in a couple minutes. Plus, nova nordisk is experimenting with an obesity drug. And big tech struggles. Apple, those shares are looking for a bounce after a sixday selloff. Tesla, similar story. No longer one of the most valuable s p 500 companies. Lets begin with the 1 billion Equity Investment led by liberty strategic capital. Hes going to join us in a few moments. Got some clarifications today. More data on deposits, the percentage that are insured and so forth. I think its important to know when the former secretary of treasury did a previous deal, which was a deal involving a bank that really was one of the worst run banks in the country, came in, had the bid that was best for the ftic. The cover bid, much lower. It ended up making him a lot of money. Thats being dredged up as somehow against him. The reason i mention that is because the risks may even be bigger here. If only just because were dealing with so many rentcontrol units and the law changed ip2019 to make it so those
Meanwhile, home sales the highest read since september, as builders pull back on prices, and offer incentives we old ll talk to the ceo of h hughes holdings. And tesla, the stock hitting a 52week low yesterday. But one shareholder finding a few Silver Linings and a vote of confidence for elon musk what has her bullish, coming up. Before we get to that, lets get to dom chu for a check on the market action. Oh a strong folio lineup to yesterdays rally, a solid 2 above the levels that we saw just on friday so a twoday bounceback for the markets overall. The dow up about 240 points, half of 1 , 38,480 the s p 500 is at 5,066, up 56 points, north of 1 gain, and its been a positive day even at the lows, we were up 17 points in the s p, up roughly 61 at the highs so tilting toward the higher end of that range. The nasdaq composite, pacing the advance off 1. 5 , 225 points, or 15,675, the last level for the nasdaq index three earnings movers headlines, among the many two generals out there Gen