Is watching the row roadways. They look good overall a few more people on the road than yesterday. But no major problems to tell you about at is hour. Lets start with the commute coming in tracy westbound 205 westbound 580 hooks completely opened. This would typically be a problem spot at this point in the morning on any other friday. But the friday after christmas is very light. Same story for the eastern Contra Costa County commute westbound highway 4. Nice and clear. Same with 2 2 through concord and 68 through walnut creek. Earlier crash eastbound 24 in the clearing stages. Toll Plaza Richmond bridge, a few cars are on the road. But no backups as you make your way into san rafael. Time is 6 01. Now back to the desk. Thank you. Back to the breaking news we have been bringing you in oakland. Firefighters are at the scene of a fire at a warehouse. People have been living inside the building despite the fact that it had been red tagged by the fire marshal. We will bring in Sara Zendehn
Not to say were on fire ten times this morning, but i need new words for all of this, the dow is up 95 in the premarket. You had a historic day on wall street, all three major averages hit record highs last night. The nasdaq marked a milestone, closing above 9,000 for the First Time Ever on the nasdaq. Jack, your reaction to what youre seeing . If youre a Football Team youre playing good special teams, offense and defense right now. The market is really on fire. And its incredible to see. When i saw the numbers come out after the holidays, that was impressive. To see the consumer so strong, people are going to work, people are finding jobs. I got so many friends that have two jobs now. Folks that dont make a lot of money, their education levels arent that high but yet theyre able to provide for their family and i think thats what really matters is the middle class is getting a boost right now in this economy. Cheryl what youre saying is that people have jobs but theyre not their wages
If you are gone to a concert, lately . Its been a while. You would pay a kings ransom for the tickets. Pull start from nine of the 10 highest grossing concerts rather, tours average ticket price is above 100 bucks for the average ticket price for the top 100 tours in north america has increased 55 yearly for 95. The offer dynamic to get pricing to adjust prices up and down based on demand. You find a band that is undiscovered not quite as popular. Smaller bands play in smaller venues. Make a good point see live music and record music with smaller music. Mean, you can enjoy live music. Absolutely. Pay the piper though. Its been lets check in with mark for look at weather, today its cold but nice and sunny and i think it outside to enjoy that, today. We miss the rain. We can take care of that, as well as we go into the sunday forecast. 30s and 40s and bundle up. We have frost and mild afternoon with temperatures in the fifth hes run 53 kind of like yesterday. Yesterdays highs in the bay
That is all ahead but we begin with seema mody and the Market Action today seema, it was record highs to start. Were not there yet, though. Yeah. Thats a great point, dom. Three hours left in trade. Take a look at the screen. Were actually losing a bit of steam. Nasdaq now down just about three points s p 500 higher by four and the Dow Jones Industrial higher by 64 points. Nasdaq, if it gets back into positive territory, it would be on track for its tenth consecutive close. That would be the longest strea since 1997 and it really has been a strong weak lets break down when stocks have been leading the charge as you can see, it is primaril technology apple. Intel. Amazon in fact, amazon stock now playing catchup on track for its biggest oneweek advance of the year in response to those strong Holiday Shopping sales stock up about 6 . Also, want to draw your attention to shares of nike. Sitting on yet another record high this afternoon. Consumer edge overnight raising its price target and
Much as yesterday, of course, when it posted one of it best days since january joining us for the hour is mark tepper, founder and ceo of Strategic Wealth partners. And mark, you know, a rally like this going into year end has got to make your clients feel good but do you tell them not to expect the same thing next year . Thats absolutely the conversation were having with clients right now. I mean, it has been an awesome year markets are up about 30 all on the back of no Earnings Growth whatsoever. So its all been multiple expansion. Its all been an increase in Investor Sentiment so were telling clients right now, manage your expectations for 2020 dont expect a repeat of 2019. I think, unfortunately, a lot of Retail Investors tend to have a shortterm memory when it comes to market performance. So, its not easy. You do have to work at it. Expect good gains in 2020, but nothing like this. Lets focus in on the big stories were watching today Frank Holland is tracking the nasdaqs run to ne