Kick it off with gerri willis. What a week and what a day, this is been a rotation out of tech stocks, it is getting slammed all week long, no different today, as weve been talking about today, the dow is up for the week but the s p and nasdaq not so much, both of the index down for the week, the dow, s p were on pace to snap a two week losing streak but the dow managed to fight back a little bit, as we close were seen something just a little bit different, all three major indexes down as we can see right here, as we move on, the big focus on apple today, it was on pace to enter a bear market and it did exactly that, take a look apple shares, apple below 10734 cents, it did indeed do that losing 536 billion in market value, yes with a b since its record closing high on septembea rotation out of what you would call the big tech names, we talk so much on the network, apple, google, netflix, you name it, microsoft, all the stocks are heavy pressures, as investors sold and moved into new s
City with the exception of the coastline. Were all getting a good dose of sunshine later on today in addition to that sunshine were going to be looking at temperatures a little on the cooler side with upper 50s to low 60s for todays daytime highs napa in petaluma at 61 degrees for your current temperatures. And oakland at 61 degrees now temperatures later on today. These are your daytime highs, rising into the upper 80s inland with 60s 70s near the coast and a james all right. Thank you very much john want to begin this morning with the latest on the coronavirus the numbers show that we have 33 states now seen cases on the rise week to week and this map shows you by just how much. Those numbers are going up there are 8 states that we see here in red those deep red states are where were seeing cases jumping more than 50 . From week to week and that includes as you can see california the states in orange, the 25 of them. Those are cases are going up 10 to 50 again week to week in total,
Its going to be into the afternoon. Afternoon hours so the rest of us from the bay to our inland valleys bringing plenty of sunshine and most importantly, some slightly cooler temperatures many daytime highs fall from the 90s to the 80s, 50s and 60s is where were at across the bay right now berkeley, San Francisco timber on 50s. Well fairfield conquered pittsburgh in dublin on the 60s. Later today, it will be 60s for San Francisco, well low 70s in oakland and mid 80s in san jose, dark. Thanks a lot on and lets start off with looking at what the coronavirus is shaping up that like this morning. There are 33 states now seeing cases on the rise from week to week. And this shows you that there are 8 states in the red that means more than a 50 increase in cases and where that vote in california. There are 25 states showing a 10 to 50 increase. Right now more than 3. 3 million infections have been traced to a here in the u. S. And a 135,000 people have died across the country florida right n
Generalists and clever with it the fight interesting stories. Something outside in interesting at the time was what the internet was doing to us as a society in terms of our information streams. It wasnt political in my mind at that time. It was sort of what happens when the trusted systems of information breakdown and people no longer know whats true of whats important versus irrelevant or how to spend their time. I was looking at this as a tech story, as the business story. I was looking at clickbait farms and had to get you to click on things and waste your time and have make money from that. And then in the middle of 2015 there was a Big Press Conference at trump tower and trumpkim down the escalator and then i suddenly thought, all these forces ive been looking at about how informational architecture online is changing us, thats a political store as well. From there it was kind of off to the races. Host you group your book into two groups of people if i understand it correctly, an
Shery President Trumps impeachment moves forward. The house formally notifies the senate but a trial could begin tuesday. Lots of headlines to digest today. Australian markets have just opened. How are they reacting . Sophie investors probably liking to play defensive today. Nudging slightly higher belittle change as it is looking to crack the 7000 level. Futures looking elsewhere just nudged slightly higher at the start of cash trade. Youre keeping an eye on resource stocks. We had would side an update. The Energy Player expecting growth on energy and liquid production and aluminum minors in view as well. Deal isng the new trade the best catalyst for demand. Lets address the board to check in on currencies. We are seeing steady currency markets just below 110. Trading near a july high. Dollar not budging much. Bond moves to the upside. 10 year yield on the upside. Back to the aussie dollar, i just want to highlight the snapshot. It is unlikely that they will be shifting their position