The nasdaq hitting a new record high and amazon shares crossing 3,000 bucks a piece for the first time ever. Shannon, well start with you on this one what the you make of the rally is it legit and why is it happening now given everything we know negatively about the coronavirus virus . Were just continuing to see investors look at the sentiment thats coming out of the surveys and anticipating this continued v shape recovery we have seen the v shape recovery in the stocks already were anticipating a v shape recovery in the economy. I think that really rests on the fact that despite the fact were seeing this pick up in cases, theres not a widespread expectation that we go back to the lockdown that we saw in march and april. They really anchor themselves to the most recent period which was a very difficult period from an economic standpoint. Investors are continuing to look forward. They are continuing to see the Second Quarter being the earnings trough from this particular recession look
Surge here. Well speak with the mayor in miami and about the spike with the virus. And an ammicable separation. Match group completing the spinoff. Parent company iac last week theyll discuss the strategy Going Forward and Online Dating during the pandemic. Lets focus on the big stories of bob pisani has the stories. Meg terrell has updates on the coronavirus and Brian Sullivan is covering Warren Buffetts new bet on the energy space. Bob, lets start with you and the markets. Yeah. The important thing about today is were up nicely but were up on lighter volume it is deteriorating a little bit from the earlier part of the day. Were once again falling back upon dependence on the mega cap tech names technology, computer services, Consumer Discretionary all of them tech oriented or continuing to lead the overall market Consumer Discretionary as i mentioned, banks still on the upside not as much as the overall Market Energy has fallen back that was an early leader i keep mentioning the mega
Major delays coming in on 80 west, its wide open at the toll plaza Holiday Light all the way across the upper deck to downtown but we have a fog advisory for the bay bridge san mateo bridge del martin and the golden gate as well, this is 92 and earlier traffic drive time to the peninsula e after a crash at the high rise thats gone just be careful 13 minutes now to make it to send the tail darya james, thanks a lot rob, a nato want breaking news a plane carrying american coronavirus evacuees from a cruise ship in japan landed overnight at Travis Air Force base in fairfield right and turns out 14 people on that flight. Have tested positive now for the virus to kron fours will tran is live for us in fairfield with more on what happens more corn teens right well. Mark or in teams absolutely 14 days of corn team to go for the people who already then korean team for 9 days to flights that took off from asia yesterday landed at Travis Air Force base at around 11 30 last night there was anothe
After fremont street, a picket some drive times for you 6. 80 looks great rolling south dublin to fremont no problems for the nimitz even 17 out of the Santa Cruz Mountains wide open at 23 minutes from santa cruz into los gatos starting a chain thanks a lot rob and 9 oclock now on the breaking news, a plane with american the victims of the coronavirus that were on a ship in japan are now at Travis Air Force base in fairfield turns out more than a dozen of them. Have the coronavirus 14 in fact confirmed cases on that flight kron fours will tran has the very latest from fairfield. 14 days of corn team to go for the ople who already then quarantine for 9 days to flights that took off from asia yesterday landed at Travis Air Force base at around 11 30 last night there was another emergency flight they kept going all the way to san antonio to Lackland Air Force base 340 people altogether 14 of them confirmed to have the coronavirus so they had to be isolated from the plane from the rest of
And looking at him, id say the street won. [ laughter and applause ] ill see you next time. [ laughter ] after President Trump struck a deal with democrats to increase the debt ceiling, he tweeted on friday, quote, republicans sorry, but i have been hearing about repeal and replace for seven years, didnt happen. Wow, thats shocking. Donald trump said sorry. [ light laughter ] thousands of students in houston returned to school today after a twoweek delay caused by hurricane harvey. But dont worry, kids, no matter how much school you miss, you can still be secretary of education some day. [ laughter and applause ] former white house aide Sebastian Gorka predicted today there will be another shakeup in the white house staff before christmas. Oh, you think so, nostradamus . [ light laughter ] people leave the white house so often, they are reusing the same goodbye cake. [ light laughter ] good luck out there, reince. Okay, scrape off the icing and write in mooch. [ light laughter ] accord