Session with the dow plunges 406 points, the s p prlummets 1. 6 i an absolute nightmare. The house of pain but its good to have some cash so tonight, were holding a coronation because right now, cash is king. Our viewers know this market has been making me nervous for a while. Ive been telling you to take profits for the last three weeks. We have sold some of every single tech stock we know, including some very, very good favorites that you are aware of. Every single one, first time in 15 years because bulls make money, bears make money. But hogs, they get slaughtered i love these tech companies, but i looked at the Charitable Trust cost basis, i looked at the pricetoearnings multiples and said you know what we are out of our minds with greed youve got to be disciplined in my book, that means taking profits while you have them. Some of you will say this violates everything you heard about investing, buy and hold, think longterm. Or most recently, or i should say, stocks or stonks only
Groups have switched from bear to bull market territory and they still have plenty of room to play catchup. Even when we get hit with waves of bad news. Nasdaq, did okay, quite a difference when i was out there when it was just a sea of red. Stocks opened up terribly. But then the strong bull markets that im talking about, the ones that are underneath, they surfaced, they quickly took over and we rolled back a big chunk of the decline buy buy buy something i pointed out on squawk on the street. When a rally has leaders from many different groups, and the better breath we have, the more kissable this market is, and thats what were seeing right now. Who are these leaders im talking about . Some youre very familiar with, because we talk about them all the time yes, bull market number one, the work from home cohort, which is a cluster of smaller bull markets. Zoom video, and at the orefron are the cybersecurity Stocks Companies need to be about protection when they put everything on the cl
Immune system. President trump held a News Conference today addressing the death. He says 22 people in the United States are infecteded not counting people who have come to the u. S. From abroad and also announced travel restriks from iran, italy and south korea. We have more from new york. Washington state has confirmed a person with coronavirus has died. The man in his 50s with Underlying Health issues is the first virus related death in the u. S. At this point, we dont have Widespread Community wide transmission locally. We have transmission associated with an outbreak at this longterm care facility. This as more cases e merm on the west coast and more countries are announcing their first county cases, all rays concerns of a potential pandemic. President trump spoke from the white house. Our country is prepared for any circumstance. We hope its not going to be a major circumstance. It will be b a smaller one, but whatever the circumstances, were prepared. The Trump Administration is
That doomed flight. Back in the game. Controversial receiver Antonio Brown works out for the new orleans saints, months after he was cut from the patriots, amid Sexual Misconduct allegations. Could the player be back on the field in time for a run at the super bowl . All that, plus honoring heidi. She had the most infectious blue eyes. Family and friends pay tribute to heidi broussard, the texas mom found dead last week. Remembering don imus. Well look back at the life of one of the countrys first shock jocks, don imus. And a decade of change. A whirlwind of technology and social media change the way we view and share media, music and movies. Well shake down and shake off shake it off, shake it off the last ten years of pop culture. Today, saturday, december 28th, 2019. From nbc news, this is today, live from studio 1a in rockefeller plaza. Welcome. Welcome. Welcome. To today. Thanks for joining us on this saturday morning. Peter alexander is off. Can you believe we are about to ring i
Slowing from 580 eastbound as well as the 880 both directions in through downtown. We have crews, as well. No problems like at the bay bridge. Bay to you. Developing right now, a wile fire burning in mendicino county sending dozens of people from their homes. Overnight, evacuations are under way in hopland. Here are the latest numbers that we know so far from cal fire. Structures are certainly threatened. Cal fire says it is 25 contained. We will keep you posted on any changes. These are live pictures from the east bay where weve been monitoring a space the air alert day. Some of that smoke is moving into the bay area. Overnight, weve been hearing from people calling 911 because they were smelling that smoke. Again, that smoke is coming from the north of us. Theres standard, there are more precautions in place to prepare for the heat here. Good morning, pete. Good morning to you guys. Pg e will conduct power safety shut yo shutoff drills in parts of oakland. Power will not be interrupt