Coming after yesterdays euphoria that is part of the momentum growth trade materials and industrials are the only sectors in the green. We have a few more ipos and awaiting more news on tiktok and oracle it will be busy coming up on todays show, mohammed elerian will join us on the on going stimulus stalemate and well speak with Jim Fitterling and shares of Cybersecurity Firm Palo Alto Networks up 80 from the march lows as companies boost protections for employees working from from home the ceo will join us to discuss that trend and much more lets focus first of all on the big stories youre watching. Mike santoli is tracking to days volatile Market Action we have the latest on stimulus in washington and sara has new reporting on the oracletiktok sag yachlt mi saga mike, markets down 1. 4 . The ive been heavy tape all day. We continue this process of sort of undoing that august overshoot to the upside. Ive been focused on levels that we saw back on august 11th thats about 3333 we closed
Monday night were not going to is that mean were going to stop it all. It comes on numbers that come were not to be able to stop what were going to be assertive in helping to protect the city if you know should county in our neighbors from around the county state and country are here to help to. Join hundreds in chicago with the latest on last rest on tuesday night overnight just a little before midnight protesters were out in the streets and apparently there was a clash between an armed man and there were several armed civilians in camouflage gear out there some of them were members of malaysia some of them were guarding individual bits of property we dont know much about which which group this guy might have belonged to but his name is Kyle Rittenhouse hes 17 years old and he was arrested across the border in illinois. Or could be the most powerful storm to hit the u. S. This year is just hours away from making landfall Hurrican Laura is already a category 4 storm and Officials Say i
Granholm Test Pilot School despite russias invasion of ukraine. She appeared before the Natural Resources and the outline the presence. This hearing is about two hours. Ast. [inaudible] blog again because its mans. [inaudible] im happy to welcome my friend secretary Jennifer Granholm to discuss business binds budget request energy. Center granholm, you for being here today last week i have traveling to ukraine to me there is a last is his efforts to ensure ukrainian people and be back as it gives innovation. We also discussed into our european allies when the energy work on the streets for over a year on the share is a matter of insuring their efforts to address Climate Change with greater geopolitical risk energy were reliable and making homes just as yours and she has allowed to use russias sources as it is friends and allies in the United States is also horrible because the virus Us Energy Independence as is our overall we rely on foreign adversaries are she will, nuclear fuel or en
Billion for various projects to shore up the energy grid, this follows a 7 billion investment in hydro again and well talk to the energy sent Jennifer Granholm about that and more. And the markets have seen big fluctuations. Were off session lows. The dow down 178. We hit the session lows right around 1 00 p. M. , improved a little bit after the better 20 year treasury auction, and then started sliding before we stabilized. The s p is down 35, nasdaq down 1 . And bond yields have been moving hire of course until that auction. Nvidia shares, down again today. Down nearly 10 in a week now, 100 billion in market cap wiped out. Both citi and mar organ stanley cutting their price targets. And we start today with the markets. Stocks falling as hire rhigher raits way on the market. The 10 year above 4. 9 and that is happening as earnings season cooks up. Lets bring in our chief investments officer. Can concentrated u. S. Growth continue to grow if Interest Rates continue to rise . Absolutely.
Feel the jolt and the back and forth shaking motion. And the number one reason reason is of course that it was shallow. But the second thing we look at is the shallow nature allows the primary and secondary energy waves to travel farther reaching more of the bay area. And thats why so many of us had the perceived notion that it was higher than 4. 4 magnitude. Lets look at the primary and secondary waves. Primary waves usually arrives first hence the name. This travels lieu rock and water. Thats what arrives in the big boom first experienced all the way down to san jose. We had reports of that. Secondary wave that only travels through rock and soil. But thats where you get the back and forth motion. We had reports of that from the north bay down to the south bay. Most of the bay area, bottom line, felt the p and s wave and due to the shallow nature. Now its simple to forget but always remember drop cover and hold. If you feel that big jolt first, the primary wave you may have time to se