Today then rebounded in the afternoon. House of pleasure. Closing down 80 points. The s p losing. 42 . Nasdaq falling. 85 . I think what were seeing here is nothing more than a wholesale repricing of stocks. As investors try to bake in all sorts of contradictory possibilities. The repricing ebbs and flows and you see intraday rallies as people realize the businesses are actually pretty good and the stock market remains the best place to put your money. Thats what happens when stocks fall if only because every other asset class is so unattractive does this occur. Its not because this one is that beautiful still, i think we have to have more pain like we experienced this morning, which is why you need to understand what striving when the pain happens, youre not paralyzed, because were going to see it again and again. First, there is a whole camp of people who believes that our economy is headed into a recession. Probably sooner rather than later. How do i know this because at the worst m
Falling back below 2 . As i said, the s p 500s essentially flat at this moment. The dows just lower the nasdaq down 0. 1 the russell looks down a full percent as regional banks down almost 2 . Joining us for the hour today to break down the Market Action is steve grasso from stuart frankel. Great to have you with us. Good to be here whats your take on this sort of softish session only a day or so after great positive trade news . You have a holiday week, so you have a shortened, abbreviated week you have people looking for either you had a rebalance on friday, you had end of quarter, end of month, end of week. People are starting to take a big, deep breath in. Seeing where they want to reassess, and and redistribute their Equity Holdings its all about the fed people are on fed watch right now. Thats really the only thing that is taking up the brain of a lot of the Market Participants right now. Even though trade is all over the headlines, its still fed. Fed still cut, but the trade tru
Good thursday morning to you. Thank you for joining us. Its 6 00 right now. I am laura garcia. I am marcus washington. Getting us caught up with what is happening today, mike has a look at the commute. But first lets look at the forecast. Kari hall has more on what we can expect. Its a gorgeous day, and on the weekend, we are going to have cooler and wetter weather coming in. We will take it in today as the sunshine continues, and also comfortable temperatures for the afternoon. It will become cloudy tomorrow with showers moving in and temperatures dropping with a chance of thunderstorms on saturday. Now, a look at our highs for today, its a few degrees above normal, in the upper 60s for the east bay. Mid60s for the peninsula into San Francisco. The north bay in the upper 60s, but tomorrow we see the drop in those numbers as we see more clouds coming in and once again, rain for the afternoon. We will talk more about the timeline coming up in a few minutes. Mike, you are seeing one pote
Is blocked after the Supreme Court refuses to step in. A live report from washington with more on the overnight ruling. Plus, a new warning from east bay Health Officials. The restaurant where people may have been exposed to measles. Also, the symptoms you need to watch out for. And today is the first full day of spring. Meteorologist kari hall is tracking your midweek forecast. This is today in the bay. Hello, spring. Good wednesday morning. Its my favorite season. Now the rain is going to come. Im laura garcia. And im marcus washington. Of course well check on the roads in just a bit. Lets talk about spring. It is here, the first full day of school, youve got your new outfit on. Something bright. Its one of those days. Its going to be really nice outside. Weve been talking about rain coming back, we need that, too, to give us more of those beautiful spring flowers coming out. So were seeing a nice, clear view this morning as you get started in San Francisco. We are at 52 degrees. So
Bus shelter. A third victim has now died. The latest on the investigation. Fire destroys a High School Gym in the trivalley. The investigation under way and the new latebreaking details just into our newsroom. Also, back open in time for your morning commute. An update on the weekend closure of southbound 680. This is today in the bay. Strange not seeing cars on it. Lets hope its smooth. Thanks for joining us. Im laura garcia. Im marcus washington. Well get a look at the commute with mike, but first lets talk about the weather with meteorologist kari hall, who is back. The weather is amazing out there. Its been nice to have the sunshine, the warmer temperatures. That continues today. As were Getting Started, taking a live look at walnut creek right now, its going to be the warmest day of the week. Theres still going to be some coastal fog and some spots where were seeing some dense fog in parts of the north bay, but other than that, its going to clear out and be a nice one. The dry wea