Im jon fortt. The dow is down. 5 with walgreens and boeing leading to the down side. The nasdaq still slightly in the green. Looking ahead to a huge week tech investors need to be watching cloud, software, devices, and fitness in cloud, the period beginning next week is a time of peak demand for amazon even more so this year. In software, retailers going to need targeting tools from Companies Like adobe to bring shoppers in and keep them loyal. Devices, pcs and con soles are going to keep us watching the likes of fit and in fitness in we cant hit the gym after all that pie, are we going to hit the peloton . Thats the question . Thats a good question. Or my personal favorite, a club row class. Its a good question, john particularly as the opportunity to go to a physical gym, that is diminishing as we see cases rise across the country and more restrictions or, you know, partial lockdowns. But as you lay out the themes, im thinking of some of the companies that have spent the last, you kn
Themselves as a platform investors seem to be buying it with that stock up 13 this week it just keeps going up nearly 4 today and it laid out the case for longer term growth and ironically, it will come from the good old phone, right a lot of that conference was focused on the zoom phonewhich basically enables you to take it wherever you go. And there is s ais an axios rept saying that uber may be looking to celebrate its elevate unit, the moon shot flying taxi unit it reflects obsession with profit ability, but i might argue that it reflects his obsession to please sharehold s shareholders backing away from some of the longer term ambitions such as freight, elevate now and as well as selfdriving cars, it does raise a few questions. Yes, it may give the share price a bump in the short term, about where does it position uber lon term yeah, when these companies dont have a clear business Start Talking about that were a Media Company or a Helicopter Company or were a freight company, real
15. 7 . Sort of a proxy, this is old data a week older than the other data for the Unemployment Rate looking at the chart you can see it coming down tick by tick but leveling off and well hope it keeps coming down in the weeks ahead. Lets look at the states with most claims. California, 28 , michigan 23 of those who are insured or eligible for Unemployment Insurance getting that insurance there, down to rhode island at 28 . Look at the states with the fewest claims, two stories going on here, one, some states not that hard hit, perhaps nebraska, likely wyoming, but look at the right, florida, again, thats a Big National Story here. The percentage of floridians who are receiving benefits being so small because of their problems with their computer systems, just 5. 2 . Now the fed out with a survey of Household Economic developments and they did a supplement for april just to try to get the recent data. They found 90 of households report either a lost job or reduced hours but 90 on the l
Rain. Center was in a 52 after being 51, rain mendocino county, lake county, also moving in from the bay to inverness, san anselm Russian River. The systems on its way but it will be here until late saturday early sunday. Which allows us to get two days of a break starting tomorrow. Today 60s and 70s. Lets see, i think there is some good news out there. A little better on the situations . Were we to talk about that, were going to look at some of these other commutes. The good news part comes from the 680 drivethrough concord into pleasantville and creek. You will see that traffic is moving along pretty well as you drive through. We do have an update on that situation in southern san jose. On 85, we have five pictures of that. This is the scene on 85 southbound where four people were killed in that overnight crash on 85. Southbound traffic is diverted, Elissa Harrington tells us what they are saying about how this collision occurred. Reporter according to the chp this suv was packed wit
And they show them the door and we were hanging out and talking. And decided we would start a company together. We were kicking around ideas. He didnt have an idea so we were looking for problems to solve. And came up with the problem of how merchants got paid. When did you come to that conclusion . Talking about your work as a glassblower when you realize payments were a problem for small merchants. That was funny because jack was just kicked out of twitter and my first reaction is he was like a little brother. I felt like i needed to stand up for what they did at twitter to have the first time was completely file. My first suggestion was lets get even with those guys it was just spite motivated. But jack to his credit said lets do something more positive and start a new company. So that was the impetus. Then we were looking for a problem the only thing we determined was our company would be focused my phone is a prop. These things focus on these things because the iphone had just com