That converted the selloff into a rally. Then came news that European Manufacturing is recovering rapidly from the virus lockdown. That helped the market. Look at it go. The dow is going to be up close to 300 points at the open. The s p, 31. The nasdaq, very solid gain, 70 points. Now, heres another reason for the rally. Big tech, it continues its run. You are looking at premarket prices for apple, microsoft, facebook and netflix, amongst others, all four hit record highs monday. The big tech surge dominates the market. Big tech is pushing higher. Investors this morning ignoring scenes like this. Chaos in d. C. Last night. Right outside the white house, demonstrators vandalized a church, they tried to pull down the statue of Andrew Jackson and they also tried to establish their own seattlelike autonomous zone. This is happening in our Nations Capital right in the center of government. The president s had something to say about this. He obviously doesnt like it. But no word yet from joe
Really. Northern california and Southern California. Here are the rankings. Here are the rangings. The top five counties all in Southern California. L. A. , riverside, san diego, orange county, san bernardino. Thats 71 of all californias cases. Meanwhile the cabrera counties of santa clara,al need, a San Francisco, san mateo and could notra costa county only make up 9 of the cases. It is hard to say why and some of it is luck but we have to sewell it has more to do with behavioral differences. Whether people are out and about more or not wearing masks. For example in orange county, the Health Officer was criticized so badly for not having mandatory masks she ended up quitting. While in the bay area there hasnt been any public outcry. L. A. Has more than a combined population of all the bay area counties bat 7 million. There are some differences when it comes the Outdoor Recreation culture. So cal beaches have been making headlines for being pakds. In San Francisco it was one of the fir
A much overdue look at the cyclical rally and the reopening story in general the v rally that a lot of people have been hoping for has been inverted theres an inverted v thats actually been happening. Lets start with Energy Stocks marathon, mro. Marathon was 6 at the start of the month. It goes to 9 and back to 6. This is essentially an inverted v. Hess looks the same way. If you look at general electric, it goes from 6 to 9, i believe, and goes back down again to essentially 6 and change, same situation, a v there caterpillar looks the same way united airlines, we watched with our mouth open it goes from 30 to 50 and back into the 30 range, all of this in a few weeks the market cap of citi group goes to 60 and back essentially to 48 thats what im talking about these inverted vs travel and les yoisure, 30 to. Youd think bond proxies would do well in this environment, but not today. They had a modest rise about 10 in the last few weeks, but even they werent safe. The market has voted it
Well, we do have a lot of cloud cover out there, and in fact a system is to the north of us. If we look at live doppler 7 youll notice a few returns. This is probably in the upper levels of the atmosphere so not falling to the ground so you could see a few sprinkles throughout the extreme north bay today. But as we look further to the north theres the system and thats going to keep that onshore flow and Cool Temperatures with us today. It is 56 in san mateo, 54 in santa rosa. And those winds very breezy. Surface winds anywhere from about 6 miles an hour to almost 15 miles an hour. Upper level winds much stronger. Mix of clouds and sun to low 60s. And today cooler than average. Were in the low 70s well out towards the delta by 1 00. A lot of that yellow shading stays with us. That means were in the 60s to about 70 for the warmest locations. Well talk about a warmer sunday in a few minutes. Thank you, lisa. Happening today a protest o follows a hateful threat against one bay area family.
And he basically banged the table, slammed his hands on the table. Looked directly at my son and said black lives matter. He said f black lives. A protest planned today taking a different tone. An entire Community Rallying behind this family, all of them upset over the hateful message delivered to their kids. They believe you should be too. Good morning, everyone. Saturd j protests happening all around the bay area today. If youre just waking up lets start with a quick look at the weather. Hi, everyone. Were starting out with a mix of sun and clouds out there. Theres a system to the north of us allowing for some showers. Not here, though. Were going to see the breezy winds. In fact as we look closer to the extreme northern part of the state you can see the activity there, but wave got party cloudy skies from our east bay hills camera. And this is look at our cloudy east bay hills camera with some fog there. Mid50s santa rosa with upper 50s in concord. And from our roof camera a breeze