Say the least after a bit of a rebound the other day when i was on with you, yesterday i was not here for what was a decline overall in all the markets. I think we are in a new era of volatility. Every single time we get an up opening people say, okay, i guess that selloff is over and when we get the printed selloff people say this selloff is going to go on for ages. I urge people to step back and recognize we are in a period where theres a lot of vacuum, a lot of people trying to buy when its going up, a lot of people trying to sell when its going down and just interpret that as just being enthusiasm, greed and then fear and accept it that its here to stay because its really the undercurrent behind these moves. Okay. And what does that mean in terms of this socalled playbook that you often offer people who listen to what you have to say sure. It means that if you think that it is going to bounce today because it was down hard yesterday, dont make the first move wait to see whether the
Leaning on big cap tech. Once again ass an anchor s p 500 First Time Since february, microsoft, tiktok in the news schumer says the democrats in the white house have started to move a little closer on a stimulus agreement, and of course david disney tonight, which will give us all kinds of information about the progress of parks, studio entertainment, advertising and more as we have said many times over the last few months, disney in some ways a reflection of the economy, certainly the consumer side of it to some extent. I know julia is going to be following that closely after the bell expectations cant be particularly high but we are looking for a lot more data when it comes to the parks and the attendance, when it comes to directtoconsumer of course with disney plus and the exhibition of motion pictures, which is not something thats going on right now. Absolutely, david, i mean, i think it will be really interesting to get some more insight into the success of that streaming business
Yesterday. But theres a pretty good breeze. So cool is the rule. Morning fog, a little drizzle, and sunny. Breezy to withiny. Yesterday once the fog burns off it could get windy. West northwest 8 at livemore with low clouds there around the area. Fog retreats back i think we know system a lot of thunderstorm activity up in the sierra. Below average temps coast, bay and also inland. All right. Over to sal now. He played george strait. He saw him at the old Mile High Stadium in augustism was never colder in my life than when i saw him. In the rockies it can get cold, sal. You dont say, steve . You dont say. I do say. By the way, to answer your question, its not a lot going on right now. We dont have any real slow down at the by a bridge toll plaza that. Might change in the next half hour as we look at it here so many you still have a window of opportunity if you want to get there before the crowd does. This is a look at interstate 880. Things are doing well. We will have another update w
California and acss the nation. In washington, d. C. , the senate is working toward a new Coronavirus Relief package, thdr white house ped its demand for a payroll tax cut, which gop lawmakers had opposed, big divisions remain as unemployment nefits are set to expire next weekfor 20 million people. Meanwhile, democrats on capitol hill are championing a 3 trillion relief planhat includes eight. Closer to home, governor gavin newsom announced on tuesday, california recorded mo than ,000 new coronavirus cases, its highest daily total get, cafornia now has the most number of cases in the nation, surpassing new york. Joining us now by skype to discuss this, our political and government correspondent, marisa lagos. With us by skype from palm springs is scott shafer. So, lets start with the national picture, i want to askr you, presidenp has canceled the Republican National convention that was to be held ti jacksonville, that this was not the right time to bring so many people together, he al
Euphoria and in disappointment. And the child is creating monster swings like ive never seen before. The cramer covid19 index on the news the astrazeneca vaccine, the trial didnt produce something that would save us immediate immediately. The stock got hammered and the stocks that benefit from the pandemic surged. The dow advanced nine points and the s p gained 4 but the tech heavy nasdaq filled with cramer c covid names. Amazon went up tesla up 142 shopfy 81. Yeah, i didnt make up thats real thats real money. Or it can be in an x fund. Childish buying behavior but that doesnt mean its wrong there is a lot of money put to work every day based on coronavirus and that made the action binary and the vaccines take so long so it doesnt go by at home stock, go buy amazon like everybody else. What happened today . Consider the news about the as t as tra seven astrazeneca vaccine. Safety phase one it created a positive immune response meriting further study. These larger trials are happening n