Rising still posing an alltime high and the nasdaq advancing how is that we could rally so hard much better than this close . Closing figures . On generally good news and then lose our momentum. At one point we were flat lining for advancing the final hour of the day. I think we got dragged down by the very same force that allowed the averages to rocket higher than the first half of this year dow gaining 14 . S p polling 47 and the nasdaq going up 21 and that forced skepticism the market is full of skeptics its full of bears who sometimes masquerade as bulls. And their doubt is the fuel that lets us go higher. Bull markets thrive on disbelief. The moment everyone believes in the bull, the rally is over because there is no one left to buy. Let me explain first this weekend President Trump declared a truce in the trade war with china and i phrase it that way because it was so onesided president xi didnt seem to give up everything but if trump is willing to ratchet down the tensions, im n
Want to call it, it has aheived for market. Investors are looking for clarity on two major issues Interest Rates and trad thisweek, the Federal Reserve policymakers meet to decide whether t now is time to lower the benchmark rate. Most say it is not, but some say it is. The market wants a rate cut. Some economists argue its not necessary. If a rate cut doesnt come at this weeks meeting, investors will be looking for clues as to when it will, given the escalating geopolitical and trade nsions, as well as slowing global growth. And with that as a backop investors were in waitandsee mode today. The dow jes industrial average rose 22 points to 26,112. The nasdaq added 48. And the s p 500 was uptwo. Bob pisani starts us off tonight from the new york stock exchange. Stocks are off toui a start so far, but theres no shortage of marketmoving catalysts to comen the week ahead. Thats whats important. Trade talks and the Federal Reserve will be front and center all week with President Donald Trum
Largest jackpot in the lotterys history. My from Jack London Square this is morning. Turn to the nine. And good morning. Today is tuesday, august eighth. And were looking live at the San Francisco bay. A little bit of a the docks there and the fog. Its going to be foggy and cooler, significantly cooler today. I think yesterday was maybe a little bit too hot for some people, but today we are getting some relief. Tonight Mega Millions jackpot is estimated at 1. 5 million. It could even be bigger if more people buy tickets today. And sometimes that happens when you have all this hype about it. This jackpot would already be the largest in Mega Millions history. There have been 31 drawings since someone hit the jackpot. Convenience stores from new york to california expect brisk sales throughout the day as people dream of picking the right five numbers and then the gold mega ball, its this high. So why not . Who knows . Roll the dice just in case youre wondering, the lump sum would be more
Okay it is cooler. Fog has returned now. Most of the fog, the heavier fog bank is to the north, not so much. Theres plenty of breaks to the south. 50 on the temps, though. Low clouds and system got helped by that clipped right along there. You can see that up in the sierra nevada, oregon. But that knocked down the high and thats going to give us a cooler pattern probably for the next 3 or 4 days here. Big fog bank returns breezy to windy for some, but cooler for all. 6070s and 80s. Well, if youre thinking of getting on the san mateo bridge from the hayward side, i probably reconsider that. Yeah unless you like costco on saturdays or maybe the alameda fair trying to get out at, say, 2 00. I mean, those are the analogies that come up with. Let me show you what the san mateo bridge looks like westbound 92 heading across all the way across to foster city. This is because of a crash and theyre waiting for a special kind of tow truck to arrive. And thats why its taken so long. Look at this p
Of interest and conducted an area search. And we have now detained a suspect in this case. And the investigation is continuing at this point. The body has just been removed from the scene. Now, bart, police say they were able to locate the suspect within 90 minutes of the shooting, but did not say if they recovered the gun initially. Trains were not stopping at lake merritt, but im told that all operations have resumed to normal operations in time for the evening commute. Julie mike so, amber, very active investigation. Do we know anything at all about the victim or how this happened . Were they riding the train . Did they anybody saying anything about the interaction between the two, the interim police chief said both the suspect and the victim were not on bart trains, that this happened outside of bart out here by the parking lot, by that entrance, but that they were not connected to bart in any way. They dont have a motive at this point. They would only say that the suspect and the