Of mind blowing. Check out these numbers, the six biggest tech stocks losing more than 1 trillion in value in three days apple, microsoft, amazon, microsoft, tesla and facebook. This is kind of unbelievable on the way up, we kind of get i wont say we get used to it. Complacent. We dont quite notice it as much after the split, was apple up 40 or something remember when we were arguing about tesla at 500 a share . Look where it went eastbound the s p was up almost 60 since march. You get these crazy moves to the upside we should have been able to watch this after all these years and how quickly the corrections can come to get that move and have a correction in three days maybe we need to even revise the terms for how we talk about it given what the nasdaq has done, that perspective it is nothing it is not that shocking if you are a longterm investor, this is no big deal. If you were looking at this. Those six stocks losing a trillion in value, they are still up several trillions you are
And clean energy investment. Then almost simultaneously, President Trump is about to sign an executive order to promote hispanic prosperity. We are monitoring both events. We will take you to the rose garden for President Trumps event and we will see whether he addresses todays Dramatic Supreme Court ruling that could allow state district attorneys to access his tax records. That ruling does have a distinct connection to Business News and stocks. Take a look at the dow intraday. It tumbled to session lows just after 10 00 a. M. Eastern, immediately after the Supreme Court justices rejected the president s claim of immunity in a new york state criminal investigation. Congress cannot look at the tax filings, but it does appear that there can be now subpoenas on state efforts. The dow, though, now is down 285 points. The s p lower by 10. The nasdaq, any gain today, folks, means a second straight close. We are well above any gain. We are up 67 points. Now, paired with firsttime jobless cla
Im also watching pinterest which has also moved higher, starting around 10 30. Im not sure what its about either, but i cant help and look at facebook and note theres no such bump in that stock. Facebooks barely higher so it makes me wonder if perhaps the news around some civil rights related groups being disappointed in facebooks progress in some areas lack thereof in addressing some issues that they would like to see addressed. Talks again of potential facebook ban those things dont always materialize. I guess facebook lets see, were showing a longer chart there in facebook. Today in the intraday action it has not moved higher maybe theres some hope. Theres the facebook daily chart. Its actually moving lower starting at that 1030 mark maybe theres hope among investors that some of those advertising dollars, some of that engagement moves off facebook to those smaller rivals, carl yeah. We talked to levis chip berg and he was unekwifable looking for concrete action in terms of changes
Before we leave you this morning by 10 00am pockets maybe remaining along the coast to later this morning or even in the early afternoon. Temperatures thus far were in the mixture between 50s and 60s a lower 61, the east bay shoreline already antioch at 62 and for comparison sake most of the real estate is actually ahead of where it was this time from yesterday. The breakdown for you we cant take care of this morning, fog clouds by 11 00am were mostly sunny at 70 79 by mid afternoon, the temperatures are going to revisit the 80s in those inland valleys of looks like for today, but the real earnest warmup doesnt get here until the middle of the week well be talking all about that coming up in just a bit back to you. All right sounds good. Thank you dave a developing story that were following from overnight. Take a look at this video another fatal officer involved shooting leads to a fiery protests this time in atlanta. Youre taking a look at the that was burned down saturday where shark
Disney has postponed its plans to reopen disneyland in anaheim, california, indefinitely. We will talk about that. It was a volatile day on wall street. Stocks rising nonetheless. I want to bring in kailey leinz, who has been following it with a choppy session, but still ending about 1 higher. What happened . We saw the fluctuations between positive and negative territory until the last hour of trading. We saw the furious rally into the close. Likely people taking advantage, using it as a buying opportunity. One caveat is the volume was about 17 below average for the past 20 days. Obviously, investors trying to take advantage from yesterday, despite the fact we are seeing worsening headlines, in regards to the spread of the coronavirus. Texas and florida having to pause reopening because of researching cases. Research in cases. They took part in the rally, smallcap kind of a proxy for the recovery story. They are more domestically oriented. The nasdaq lagged marginally, but it wasnt te