Today. With the dow jones average skyrocketing 530 points, s p 1. 32, nasdaq 1. 72, one point before more saber rattling with china. All sorts of beaten down stocks, though, were higher. While the covid19 winners, well, they got slammed theres just one tiny problem with this action we dont actually have a vaccine. Does that mean the stock market is getting ahead of itself lets unpack the issue first this rally is based not just on hopes of a vaccine but a firm belief that the whole virus problem isnt nearly as dire as we thought a lot of people feel it has been blown out of proportion by the media, and the president s right, the people feel the president s right when he says we should open up everything betting on a vaccine makes sense. Since the beginning of the pandemic they warned us a vaccine would take a long time the fastest was the mumps which took four years. Every day were bombarded about another attempt to end this nightmare. Today we heard merck is working on a Magic Technol
Oracles cloud revenue surging by growing ai needs. The boeing challenge citing delayed aircraft deliveries, rethinking the 2024 financial forecast. Lets begin with the Market Reaction to cpi. We mentioned a tenth hot at. 4. Shelter and gas 60 of that. Surprises in here, mike. Apparel up. 6 , a topic of discussion. Yes. I think what the market did, there was a quick reflection when they said, okay, this is hotter than expected. Stocks back up. Then the rethink was, well, the things that matter and that will translate into what the pce inflation number is going to say combined with how high a threshold was set by powell last week for changing their premise that they are preparing for likely rate cuts in the summer. I think all that fit together. The core services, stubbornly firm, inflation readings there, dont translate that the pci will go in the same direction. Thats part of the mix. We are also geared for shelter being stubborn. You didnt see the uptick like we saw in january. All th
It seems to have been targeted by ansar allahs missiles. After the developments in southern lebanon in the past days, other parts of the front are resisting and reacting to the continued crimes of americans and zionists. We want to talk to mr. Saadullah zarei again. Mr. Zaraei witnessed the developments after the conversation ended moments ago. We have seen news every moment that a point of interest of the americans and zionists is being hit. Your analysis of this situation. Whats new in the name of allah, rahman and raheem . We also mentioned in our conversation that to the extent that the zionist regime of america and the entire front that they came to develop in chanting and supporting themselves from the criminal acts of israelization, to the same extent that the resistance front will develop its own actions. Although the main policy of the resistance front is to stop the war against the defenseless people of gaza, but if the israelis want to expand this domain , they have been fol
Actually Fresh Produce. I am proud to say that abc7s parent company, disney, is committed to fighting hunger. This past year disney donated 1. 5 million to the feeding America Network of food banks, and this means that each of our local food banks in the network received 15,000 from disney and abc7 to continue their important efforts. Right now we have a local story of a young person making a difference. The city of san jose is teaming up with a south bay teenager to fight hunger. Kiran sridhar founded waste no food, a website and an app that lets businesses donate leftover food to charities. The hunger at home has already used the app to help Silicon Valley companies and restaurants donate 10,000 meals that otherwise would go to the landfill. Instead of putting a cheese tray out for 500, we deconstruct and put the different components in smaller platters, and when not used and it cant be consumed by team members or by future guests, then its donated safely. Now, san jose is the first
Thats what i keep thinking on a day like today stocks trashed a week ago, started rebounding like crazy. Dow gaining, s p advancing and nasdaq 0. 54 makes you wonder about the markets rationality youre wondering, thinking is it even sane . For the most part nothing wrong with the stocks that. Reporter zbls. That were hammered in the selloff. But market is not crazy or irrational in reality traders tend to make wild overgenralizations, act fast mistake to assume they know what theyre doing. In short the market is often wrong but we credit the action with being brilliant how wrong with the market be egregious examples tonight rotation out of technology that didnt make a lot of sense sales force. Com. Stood at 92 roared to 102 in earnings when the company reported, results superb, really stupendous, scrutinized them line by line and had such faith it was that good what happened to the stock got completely bushwhacked fell under 100 in a couple of days as part of the rotation out of fastgr