Set to move in later today. Good friday morning to you. Thanks so much for joining us. Im laura garcia. And im marcus washington. Well check in with mike in just a moment. The wind advisory also in effect ahead of that storm. Yeah, we are seeing some high winds picking up this morning out ahead of this cold front thats moving through, and we are tracking the storm as it approaches on storm ranger now moving into far Northern California as we go into this morning. Yes, the first storm of the season moving in and its really great to see although were not seeing a lot of rain with it, its going to be spotty. Were starting out dry as you get ready to head out the door. Were going to see some gusty winds throughout this morning into the day. And those high winds and chilly temperatures continuing. By this afternoon well start to see some spotty rain around the bay area and then another chance of showers on sunday, so ill be talking all about this with the time line coming up in a few minute
Blib rated and driving you bonkers. Ive been telling you to keep your money in a barbell. Tech plays soaring and some recovery stocks that rally when we feel more come nfident abouth future today the covid winners got hammered but the recovery stocks roared transports, travel, leisure, aerospace, retail dow surging 358 points and s p advancing what a streak. The tech heavy nasdaq losing. 39 . If you own none of these winners, you had a miserable day. If you follow my barbell advice you offset losses with good gains from the most beaten down parts of the market. Why is this so important why does it matter you protect your portfolio from a group that made you a ton of money . You need to understand something about portfolio management, a skill i spent 40 years learning i try to teach every day think of this show as a continuing Education Course for both of us for years some of the smartest people are preaching the same gospel its a fools game and impossible to consistently beat the marke
Of a dip. Lets check in with the forecast. For some of us it will be 10 degrees cooler, iflandarra costa county. Those are the afternoon changes. Look at the scene right now. It is quite different from yesterday. You cannot see the tops of the buildings. There is a preview of the Ferry Building but anything above that, the clouds are back and onshore flow is increasing. It will be breezier and grayer and it will be cooler by the afternoon. That is the top item in our headlines. In addition to that, like coastal drizzle and i will show you where we have reported some light rainfall. There is not a lot to this. It is more like mist but things have changed and here are the temperatures. 86 for inland spots, those numbers are in the mid90s. You can see more on this in a few minutes. Good morning, we are looking at the roadways. If youre going out the door, and you will take 24, there is a Traffic Alert was found at broadway in oakland due to an injury accident. A second accident has been r
Labor department reported on thursday now this came in below economist estimates of nearly 1500000 jobs lost and fell 249000 from the previous week marking the lowest level since the start of the pandemic now while this all sounds very positive keep in mind the continuing claims are still at what 16100000 despite dropping 5844008 couple this with that massive contraction in us g. D. P. By 33 percent for the 2nd quarter of this year and you would think markets should be in shambles but thats not the case since testing lows in march at the onset of the pandemic here in the u. S. The 3 major indices are thriving the nasdaq is continually pushed a new record high and now the s. And p. 500. 00 well its just a few percent away from setting new records which were established previously in february of this year while the dow hasnt been able to quite get to precocious teen levels the index has made substantial gains over the last. What so why is that well to break it all down this disconnect th
Very positive keep in mind the continuing claims are still at what 16100000 despite dropping 5844000 couple this with that massive contraction in us g. D. P. By 33 percent for the 2nd quarter of this year and you would think markets should be in shambles but thats not the case since testing lows in march at the onset of the pandemic here in the u. S. The 3 major indices are thriving the nasdaq has continually pushed a new record high and now the s. And p. 500. 00 well its just a few percent away from setting new records which were established previously in february of this year while the dow hasnt been able to quite get to precocious teen levels the index has made substantial gains over the last 4 month so why is that well to break it all down this disconnect that were seeing lets bring in some expert analysis from cohost christiane a moslem chief market analyst at the trade thank you both for being here its great to. Have you back so lets start off with you whats propping up this mark