The third hour of today in the bay continues right now. Good friday morning to you. Im kris sanchez here for Marcus Washington. Boy, wasnt it nice to see his smile . Oh, yes. Were going to have him a little later in this hour as well. Im laura garcia. Before we get to weather right now i want to tell you about a small earthquake that hit the north bay this morning. A 3. 3 magnitude quake hit about 5 00 a. M. It was about 13 miles north of healdsburg. No reports of injuries or damage so far. But what a way to wake up at least for those folks. And yesterday we were waking up to pounding rain across the bay area. Kari has a look at our forecast right now. That rain is getting lighter. This storm system is moving out but it was impressive. Now as we take a look at storm ranger, we are catching a break for much of the bay area. Still some lingering showers down around gilroy as well as around the napa area over toward Solano County. Weve seen some of the showers that are now starting to mov
Have visibility as low as a couple hundred feet around sfo and petaluma. Its going to be here for the entire morning commute. And as you look at the breezes, this will slide slowly south so it could fill in parts of the east bay shoreline also. But i dont think it is going to quite get over to the east bay valleys. This afternoon, a touch of haze behind, but definitely sunglass weather. Above average temperatures. Low to mid 60s. 61 to 65 around the bay. 58 to 66 along the coast. More on this first day of meteor logical winter coming up. Heres reggie. The cdc will meet with the top Health Advisors to discuss a possible covid19 vaccine. The fda could approve pfizers vaccine as early as next week. How the cdc will decide who gets priority. How much good are you going to do . How many lives are you going to save . Second. What is fair. What is the fair way to do it. The third is, how can we do this openly and transparentally so theres no backroom deals. Its clear what is happening. Dr. Fr
The ones that go up all the time and barely ever go down on rare occasion when theres a marketwide pullback like we had this morning s p edging up, nasdaq gaining 3. 7 from a very ugly opening. You have to buy these up stocks. Buy, buy, buy, buy, buy hanover fist. In a market like this one that has a hard time staying down to begin with, even with a weak jobs number or a president that seems determined to overturn the election, hes not going anywhere, the up stocks just wont quit back at my hedge fund where i compounded 14 for 14 years id sit down with my staff and say, okay, give me your best stocks, the up stocks, the ones that never seem to go down. I want the unstoppable ones. I dont even want to know what they do, i just want them the staff would be incredulous there would always be a young whipper snapper saying, whats an up stock . Thats not our usual methodology. I adopted a no more mr. Nice guy attitude, like id ever been nice so i just demanded they give me their up stocks or
Nasdaq declined. 82 there is only one thought. Good, they all got a chance to buy. Not long ago on days like this we say oh boy, i got to get out of here while it is getting good who knows what it is going to happen with this thing it is going to roll over now we often see pull backs like this as opportunities that are too precious to swander. How do we explain the new mindset . I think because we broken the tyranny of the indexers. When the fed says something positive or when we get solid employment number. Either way, we were in the throw to these big macro events. They control everything. Not anymore. These days macro does not matter very much. And etf buyers have stopped reacting to this stuff instead they react to the opportunity so when stocks come down, these people step up and actually start buying, make it much harder to have a hideous selloff you know what there is nothing new about this less lock steps opportunity mindset. This was the old new normal of the index funds 20 ye
Even if all those stuff matter today which the dow lost 222 points maybe we should leave room for Something Else maybe we should leave room for leadership the kind that allows companies to transcend macro out performance. Leadership like the kind of leadership we are getting from dr. Lisa sue, the ceo of amd for those of you who have been living under a rock, lisa sue, may be the formal executive at our time she arrived to our country she went to mit where she picked up her bachelor and masters and phd, shes a total east coast heavy weight she came to amd in 2012, took over ceo in 2014, back when the stock was trading at 2 bucks at the time amd was one of the worth Balance Sheets of any publicly traded company. Lisa su is one of the most competitive people i have ever met even though her background was not engineering. She knew it before she could design new chips that was the only way to go after their arch rival intel when su did raise the money, she got everything she needed and she