Rebound we had off of the lows and how magnificent it was. You have to put that in context with how fast we sunk into a bear market. That bear market drill down we 500, s p p p 500, that was the quickest drawdown we had on record here to see a bounce like this i guess is not completely out of the realm of expectations given how far and how quickly we fell. Taylor we were member that day clearly. It was march 23. Just at the pace and rate at which you talked about the fall and the rebound. In the middle of this, we talk about a 50 rebound. You are still giving incredible superlatives when you talk about it really has been a risk on. It is Consumer Discretionary materials, tech, they are up 60 since the lows on march. Really interesting that even though the fed has been so involved, the rate sensitive sectors have not been the all performers. Romaine i would like to get amys perspective on the rates market. Treasuries have been the lowflow shower of Financial Markets for the last few mon
A ceo of ak to security firm. And lyft, peloton, all went public. We will have a recap of it all. Tesla shares said a new record high, 420. Elon musk claimed tesla would go private last year. Earlier today, he tweeted the stock price is so high, lol. Our bloomberg reporter. What is driving it for tesla this time around . Allrter the momentum is about china, taylor. One . 4t, tesla group billion from financing and local banks and much welcome cash injection. That built momentum from last week, where in november, new vehicle registrations for tesla in china hit a five month. Youll remember those vehicles are subject to a 25 import duty. If tesla can get that shanghai run up and running, they can offer vehicles that are more competitive priced, and the unit costs will be lower. They will be able to get deeper into the market in china. That is really where recent momentum has been driving the stock for tesla. Taylor i want to come and show a chart i am showing here inside my terminal. It i
Security firm proofpoint. And 2019 ushered in some of the biggest tech ipos ever, as pinterest, peloton, uber, and lyft all went public. Wework, however, stumbled to debut. We will have a recap of it all. First, to our top story. Tesla shares set a new record high and reached that infamous 420 mark. You will remember 420 was the price ceo elon musk claimed tesla would go private at last year. Earlier today, musk tweeted, woah, the stock price is so high. Lol. Joining us to discuss is our Bloomberg News reporter, ed ludlow. Another day, another record high. What is driving it for tesla this time around . Reporter the momentum is all about china, taylor. Overnight, tesla secured 1. 4 billion in financing from local banks and much welcomed cash injection. That built momentum from last week, where in november, new vehicle registrations for tesla in china hit a five month high. Youll remember those vehicles are subject to a 25 import duty. The logic follows that if tesla get the plant can s
The water in those choppers. Containment stands at 0 and we will continue to monitor the situation there. Those temperatures are warming up. We are talking about temperatures in the 90s. The wind has been an issue but not as big of an issue as it could be. We could see winds up to 25 miles per hour. It is breezy but not terribly windy. We will be mentioning heat a lot this week. In pacifica, your high today was 59 degrees. 38 miles to your east, 36 degrees warmer. Clayton hit a high of 95 degrees. Temperatures right now from the 60s in San Francisco. 71, oakland. The hotspot is conquered currently 91 degrees or 25 degrees warmer than in San Francisco with fog rolling in as we speak. New at 6 00, caltrain is proposing a 25 billion project that could make the Commuter Rail system more like bart with more frequent trades and an extension into downtown San Francisco. Kpix5s susie is live at the depot which may not be the end of the line. Susie . That is the plan. This is something we have