Armed officers walk into the restaurant. And im getting questions, whats going on. Are you guying having to get shut down. And i was just as confused as them. In the middle of our rush, to be basically strongarmed into saying you guys gotta shut down tomorrow or everybody is getting fined. Theres a big issue with that. And mostly the confusion. In a statement abc told us edges did not issue any cite eggs or fines but advised businesses not to reopen today except as a takeout operation. Local leaders say they were completely left in the dark. Now theyre demand something clarity. They had no idea. Including the county council. Had no idea of the enforcement that was going through. And in fact, its customary of any outside policing agency, when they go into a station to notify their jurisdiction. Also the sheriff of the county was not notified. They risk losing state funds if they fail to enforce elth orders this Holiday Weekend. And more developing news, this time out of san quentin, ano
The hardening of the peoples money in a time of hyper softening of money of infinite feel it and who steps into the rink into the big coin rink with all of the arguments that weve been making for the past 09 years about bitcoin here on this show well Paul Tudor Jones buys the queen with reminder of gold in 1970 s. Maclin best for Paul Tudor Jones is buying big coin as a hedge against inflation he sees coming from Central Bank Money printing telling clients every mind him of the role gold played in the 1970 s. He says quote the best profit maximizing strategy is to own the fastest horse this is incredibly big news Paul Tudor Jones is a seminal figure in the Hedge Fund Industry in the money manage an industry going back to the early 1980 s. Even before and hes got about 40000000000. 00 hes got a position now and because in the low Single Digits we know that typically his style is to scale into a position so i expect him to be 5 or 10 percent of that plus he is the ultimate alpha dog in t
Benefits, is this the fabled v shape recovery that so many people were hoping for well, thats what the markets saying even as the average didnt do much, dow inching up 12 points, s p climbed 3. 4 , nasdaq losing 6. 4 see, thats the problem. I think were looking at a vshaped recovery, but its a vshaped recovery in the stock market and that has almost nothing to do with the vshaped recovery in the economy. Prosper when you look at the nasdaq 100, the tech heavy index that hit an alltime high today, it doesnt seem indicative of the broader jobs picture airlines and hotels and casinos put in the less bad catery, less bad a than we thought, a trend that could last people do fast gaming. It does peter out. Its musical chairs. How can the market rebound without the economy . Because the market doesnt represent the economy. It represents the future of big business the bigger the business, the more it moves the averages and that matters because this is the first recession where big business alo
Good morning im becky quick along with joe kernen and ars there are some red arrows. You have to look at what has been happening over the last week joe mentioned it is up 3. 5 this week alone watch what has happened. The crazy whip saw market picking up again walking you through the dow. Thank for peter for helping me out with this. The record high 25,551 on november 12. Falling to the low on march 23, 18,591 yesterday, june 3, the dow up 41 back to 26,269 the same story with the s p. Looking at that, you will see it hit a record high 3,386 on february 19. Fell on march 23 to 2,237. Yesterday back to 3,122. It just shows you how rapidly these things have happened and how much ground has been made if you are looking at the nasdaq. Only up 1. 4 from the record close from february 20 treasury yields have picked up the 10year yielding 0. 746 . Crude oil prices are down this morning. Concerns that that opec plus meeting. That there will not be any cuts extended a lot of that comes as you ar
Golden gate park is 52, South Southwest breeze at 4 miles per hour, so a slight punch there. No big deal. On the san mateo coast, it is going to burn off to sunshine, 60s and 70s today. It will be a Beautiful Day in this ones comfort zone. And sal, anything with us going on . Youre right, it is in my comfort zone there, hoping to give you a nice look at the bay area commute if you have to go. Right now it looks all right if you are driving on the bay bridge i like the way it looks, with no major issues. Weve had a couple of construction closures, but traffic is relatively light out there. Its a little better than it has been the last few days of the week. Certainly people are out there. In fact there are more out there now in the eight or 10 weeks we have been in this pandemic than we were at the beginning, but its not stopping. Lets go back to the headlines. All right, sal, there is a new report that there are 5 million confirmed coronavirus cases around the world, according to resear