I know. Alltime highs we have like, what, 39 trading days to go is that it . It is a tight time frame here the interesting thing around the market is it has shrugged off concern. One of the reason the market has gone higher is because of really light positioning. That mentality hasnt changed. That has fuelled the rally in the market you see the dow in the green but just barely. Nasdaq futures down by a point again, we are sitting at new highs after the gains we added on yesterday you look at the treasury market yielding 1. 85 xerox looking at buying hp. The company has an informal funding commitment xerox has a Market Company a third of hp. Both of these companies former technology stall waters. Xerox has had a couple of falls. Do people steel xerox things it is like faxing. Hp has tried to keep up it is like help me im drowning. Hp shares are up. Xerox somehow is the acquiring company. And there would be a premium to hps market cap. I just get depressed reading this xerox already scra
Abigail underperformance, major averages at the dow and s p 500 relative to dow transports, look at that. The dow and s p 500 index recovering after the dow presser, dow transports however, not so much, lows down 2 at that point on pace for worst daily performance since august, has to do with weakness with c8 robinson, writer, logistics companies. When we put it into the context of the year to date chart, they are having a good year. They have0 index, traded in a directionally correlated manner for the most part. Now a bit of a divergence. The last one did not prove to be bearish for the s p 500, but it very much looks like we could see dow transports go back down into that range. It will be interesting to see if there is any connection with the s p 500 should that happen. The fed ratead of decision gold rallied, but then trimmed but then earlier gains when powell said they may put Monetary Policy on hold and assess the impacts of the economy on the reduction over the past three meetin
Lawmakers vote to make their inquiry official and talk like what does it mean for President Trump. Now on their on the front line on that good old women meets involved ways female only and keep pushing a bit. Plus one of the toughest sports on the planet past the gates World Cup Final englands rugby players are the favorites against south africa but the springboks have a new caption do they hope to make history on saturday. Im at home free glad you could join me german chancellor Angela Merkel has arrived in india for a 3 day visit that will focus on boosting trade and business ties merkel was welcomed in delhi with military honest shell be holding talks with indian Prime Minister nuri andhra modi on a wide range of bilateral ish. Small cities are new about energy and mobility will be on the agenda both sides will still see potential in the fallout from the trade war between the u. S. And china germany is indias largest trading partner in europe to the tune of 20000000000. 00 u. S. Dol
Out the door on this thursday morning skies are noticeably hazier to this morning were going to see air quality not quite as clear as it was yesterday for many parts of the bay. Freeze warnings in effect right now for parts of marine sonoma and napa counties due to those chilly temperatures up in the north bay. Temperatures in a range of 30s 40s to 50s with our chilliest of areas being double in at 37 napa right there with you fairfield at 33 right now in petaluma at 34 degrees. So a lot of spots, especially the further north you get are starting off with some frigid conditions from the 40s and 5th 35th ease and 50s where we are right now to some 70s this afternoon a really comfortable day ahead, mild temperatures, some hazy skies at times but overall big improvements from where we have been robin all right. Thank you john, the victim back up here at the bay bridge toll plaza. Traffic stacking up quickly and im losing my voice to all make it through this report though he was heading in
Biggest differences the taco bell, you can take it anywhere for livermore, 90 concorde and fairfield, mid 70s oakland, else but the patio. Upper 60s San Francisco and mid here is my familyie 60s pacifica, all of us will about traffic, a beautiful see the sun as we head through sunny day like this, you will the day, temperatures are little bit cooler today compared to the hot weekend we get traffic anyway and had and we continue on the cool pacifica, it is the place to be right now, the big difference, down, details on that coming up i have ever seen taco bell so. We are tracking a traffic crowded. Alert and the good news, it is the opposite direction of alcohol the mix, of course downtown, but its two lanes of it will be crowded. A big party. Yes, actually it is awesome to see her, we miss her around here. The freeway, not sure where you still on maternity leave, shes fall on this but hopefully you are not heading out of the bay area via that you short freeway just walking with her fam