He shanghai composite up asx 200 picking up where it left off on wednesday. That was shrugging off the dreadful gdp numbers. Looking at the foreign exchanges, dollar weakness is being snapped, the dollar coming back against a popular currency. The bloomberg dollar index is moving higher. Seeing more yuan strength, the yen weakness has been pronounced and the euro is in the crosshairs of where currency traders are. There we go. Joining us now, trade j. P. Morgan Asset Management global strategist marcelo chow. Give us an idea where we are with the rally. It is looking toppy at the moment, but i have been saying that for a while. Good morning and thank you for having me back here. Index has record high been phenomenal so far. I think this reflects and factors expectations for 2021 andto recovery in 2022. As you mentioned, the recovery so far has been quite uneven. The Technology Sector is responsible for a significant share of the rebound. It seemed like there has been some good news val
And breezy. Southwest 6. 55 degrees. Same as mint hill. Everybody is stuck there. Ive seen he 53 to 55 in the city. A robust onshore breeze. Fairfield gets stronger gusts to 32. Those two lows will sync up and keep us on a cooler pattern for this time of year. So temperatures below average, coast, bay and especially inland. Over to sal now. See if theres anything new at 5 01. Good morning, sir. Nothing new right now, steve. As a matter of fact, we look pretty good so far. As a matter of fact, i am looking to see i have a picture of downtown oakland up. So let me change that to the bay bridge and see if i can get that for you. You can see traffic is moving along very noisily. Lets look at one more thing. What can i dial up here. Lets talk about the Golden Gate Bridge i am sorry the richmond bridge. This traffic looks very light. So, we are off to a good start. At 5 01, lets go back to the headlines. All right. Thank you, sal. We are following breaking news out of oakland this morning. F
Planning to take a trip. There were four indictments for take a look at what we have to look forward to. Bribery and conspiracy including and cheryls captain, a gun parts manufacturer, through local lawyers. Steve paulson is next with tearful weekend forecast. Rosen said the suspects made 90,000 bribe in exchange for up to one dozen concealed and carry gun permits for a security company. After submitting seven ccw license at a meeting, Martin Nielsen donated 45,000. The first half of that 90,000 to the Santa Clara County Public Safety alliance or psa. An independent Expenditure Committee supporting sheriff lori smith who at the time was flexed in a hardfought race for reelection. The sheriff, lori smith, has not yet commented on the indictments. The four defendants are set to be arraigned on august 31 extract the number of covid19 cases and test continues to rise in california. There are now more than 541,000 cases in our state which is up more than eight thousand cases at this time ye
Also wanted to read for the public, due to the covid19 Health Emergency and to protect commissioners, the employees and the public, the building inspection hearing room is closed. However, members will be participating in the meeting it remotely. This precaution is taken pursuant to the stayathome order, and all proceeding and proceeding local and state and federal orders, declarations and directives. Committee members will attend the meeting through Video Conference or by telephone, if the video fails. And participate in the meeting to the same extent as if they were physically present. Public comment will be available on each item on this agenda. Both channel 78 and sfgovtv. Org are streaming the number at the top of the screen. Each speaker will be allowed two minutes to speak. Comments or opportunities to speak during Public Comment period are available via phone by calling 408 4189388, 146 632 7982. Best practices are to call from a quiet location, speak clearly and slowly and tur
The dow industrials this wednesday morning are going to go up about 170 odd points at the opening bell. S p, modest gain. A fractional loss, though, for the nasdaq which is at the 11,000 level. Stocks overall getting help from the virus relief talks. Mitch mcconnell talking compromise. Senator schumer talking concessions from both sides. Theyre looking for a deal by the end of this week. My opinion, there is no way Congress Leaves Town friday without spending at least a trillion dollars. I think a deal is coming and the market likes it. Two stocks in the news and moving. Disney, up sharply despite losing 5 billion during the pandemic lockdown. Disney plus has 60. 5 million paid subscribers, 100 million overall and they are starting another streaming service next year. All of that helps. Disney is up seven. Novavax, their phase one trial showed their vaccine to be safe and created an immune response. That stock is way up, 30 bucks a share on the upside. All right. Something different. L