Cheaper and better electric cars within 3 years thanks to a more efficient battery technology. And to devastating wildfires along the west coast threaten this years wine harvest. Hello im monica jones and this is your business good to have you with us tensions between china and taiwan heating up china has stepped up military activities while taiwan demands china back off of the saber rattling has economic implications taiwan is a major source of computer chips for the global economy. The world would grind to a halt without taiwans computer chips or inside t. V. Smart phones computers the globes producers rely on the small island Electronic Component supplies most deliveries go to china which regards taiwan as a breakaway province under its one china policy but recently tensions in taiwan. It had reached heights not seen in years. On tuesday the islands president saying when inspected an air force base a clear message addressed to beijing. Was about marriage we have to deal with the pro
Listen, i know this market is going crazy after another fabulous day, the dow gaining 378 points i know it gets a little much as it is a 1 record high and Nasdaq Record high there are extreme valuations everywhere i see the mceldercloud stocks ad another incredible rally as few stocks are participating nasdaq is up 26 but a huge chunk of that is facebook, amazon, microsoft and alma bphat that gets the g in the acronym niece stocks are not that expensive if everything goes right for them everything that could go right has gone right the notion that apple supports a 2 trillion valuation is decemb disturbing for many people and there is skepticism that tesla up 390 for the year could be worth more than 375 billion. These are what people talk about. And theyre staggering moves when so many commentators said its absurd that tesla had a big market cap than ford and toyota, even though it makes fewer cars, its bigger than all of them combined everybody that fought them, they have thrown in th
Sfo, 53. San jose 64. There is livermores high of 69. Concord, 72. Hill road, 83. I know that seems like a leap of faith, but we will go with it. Temperatures near average but still below. Over to sell. The babe bridge toll plaza. We do have some slow traffic there. It is one of the slowest commutes in the bay area. We have slowing to tell you there. It seems to have improved a little bit. These days are somewhat unpredictable. Sometimes it stays sick, but now it looks like its improving. The crash on the grade has cleared up. There is activity on the shoulder. It is 7 01. Lets go back to where headlines. Police shot and killed a man overnight who they say had an assault weapon. It started at 11 00 last night when San Leandro Police started chasing a stolen car. The driver crashed near apple street in oakland and that is where the shooting occurred. The San Leandro Police officer that opened fire is on administrative leave. We are on the story now. We will be here with the latest on th
Points and the s p is relatively flat weve been watching what is happening in the treasury market and we take a look now, well see the 10year yield, at this point, seems to be sitting at 0. 655 andrew, over to you. Just out in the last half hour, the Biden Campaign releasing a new jobs plan. Kayla joins us with more its 700 billion, kayla yes it is stemming from a 110page policy document that is essentially emerging of the left and moderate ring priorities inside the Democratic Party. It was produced. I the Campaign Said it will create millions of goodpaying jobs and reinforces some policy commitments as well as jot lining new programs that a Democratic Administration would push for including a 15 federal minimum wage, mandate for 12 weeks paid family leave, universal prek for 3 and 4yearolds and payment platforms for lowincome americans run by the federal reserve. Democrats say a Public Credit Reporting Agency is needed to provide transparent alternatives to the private sector. There
And it would obviously be fairly strong gains the week after the weakness we saw in the Broader Markets last week. Not a lot of individual news this morning, jim. But always curious as to what caught your attention. Oil at 40 makes people feel, wait a second, maybe the economy is not so bad. Maybe thats the v. We have of course an apple price target boost a couple of Companies Reported that were not disastrous thats regarded as being positive and the day traders, they dont stop at one point today, were going to have to talk about them because of a tragic instance that happened. Ive been seeing that in my twitter feed as well i think cnbc has done some reporting on that in terms of robin hood very unfortunate and well talk about that and well talk about your friend who i know you follow closely, but back to the Broader Market and back to something we spent a lot of time talking about over these last few years which is china trade. Bloomberg is reporting that they will accelerate its agr