For the drop. The nasdaq 100 extended its 2020 rally. More now with abigail doolittle, our Bloomberg Markets reporter. L ofe been following al the action. What do you make of stocks rallying at the close . Abigail what an exhausting week. A mixed close on the week between different indexes, making it just as exhausting. All of the volatility tells you what we were talking about yesterday. The uncertainty out there. Theres the nasdaq 100 on the week. You can see the huge ups and downs. This tells you investors do not know what is going on. Between this month and last month, not a lot has changed fundamentally for these companies. Just technical movement, that in august. E had at this point, you do have the on thep investors up 2 nasdaq 100. The best week going back to august. Largely driven by apple having its best up week since august 21. From a also up sharply percentage standpoint. Apple, from a waiting standpoint, as you know, between those two companies in early 20 nasdaqsset 100 o
Join us for his first interview since trading began. Its a good day. The showdown between the u. S. And china over tiktok and wechat is coming down to the wire the white house saying downloads of the app will be halted on sunday get them while you can if you want them. We have the latest details power lunch starts right now as tyler mentioned, were watching big intraday sell off in the tech stocks the nasdaq down 2 apple down around 3. 5 lets bring in dom were just hovering right above the section lows thats sell off accelerating throughout the course of the last hour on the exchange. The dow industrials down 331 points over 1 declines 1. 5 for the s p 500 and in nasdaq continuing that volatility we have seen as of late down almost 2 here here is a key level to watch 10,995 what that represent s the 50day average price for the nasdaq composite. Remember, were still not that far away from record highs we will continue to monitor whether we find a bid. Some would argue the valuations are
Were going to find out why. Plus, tiktok goes the clock. Were all over latebreaking developments on tiktok and wechat negotiations coming down to the wire. Later on, wheres the beef what fed shares of beyond meat into the grinder today were going to begin with the worlds Biggest Company in a little bit of a world of pain lately that is apple falling another 3 today. It is now down 22 from its record high earlier this month that, my friends, a market cap loss of only, you know, 500 billion. Put that into perspective. That is equivalent to an entire visa, a j j, maybe a walmart and a Proctor Gamble shares of alphabet, facebook and amazon also dropping this week is this just a tech timeout or do you see a rollover and maybe some more pain ahead on the tech trade . No. I see a rollover this is something that i positioned myself forprobably about a month and a half or a month or so. When you look at apple, apple is 13 of the qs, amazon 10 , microsoft 10 of the qs. When you look at a chart o
Phone lines to be open to see if there is a Public Comment . Chair borden yep and is there you have chair borden how many . You have zero questions remaining. With that, well close Public Comment. Directors, do i have a motion . Secretary boomer, please call roll . Chair borden aye. Director brinkman aye. Vice chair eaken aye. Director heminger aye. Director lai aye. Madame chair, the minutes are approved. Item 5, communications. Madame chair. Chair borden as many of you have learned, our heart was broken this weekend with the untimely passing of one of our own. Antonio, a muni operator with the Transportation Agency for 19 years, was known for being deeply committed to his job and well known by the people on his buses and in many communities. He was born and raised in the Richmond District and leaves behind wife jennifer, three children and grandchildren. Well have this meeting adjourned in his memory, but im devastated. I want to thank his family to loaning him to us. He did die in s
Californians. Reporter californians applying for unappointed benefits will have to wait pick the States Employment Development Department has halted taking new applications until october 5. A two week reset while they switch their updated online Identification System and moved to id me. This comes after a strike team put forth recommendations to update the service. They have been plagued with issues with so many californians applying for caliph fournette an appointment benefits at once. Theres been a massive backlog in claims because so many people are out of work. The former edd director says some very significant action needed to be taken. And i think there is reason to say this new approach with the Identity Verification that at least is claimed to be able to reduce the manual claims which are holding up the process from a 40 to 10 . Reporter with maidla proces which led to that bottleneck here it will still take months to catch up. Part of the statement reads, i am concerned this i