Good morning im becky quick along with joe kernen and ars there are some red arrows. You have to look at what has been happening over the last week joe mentioned it is up 3. 5 this week alone watch what has happened. The crazy whip saw market picking up again walking you through the dow. Thank for peter for helping me out with this. The record high 25,551 on november 12. Falling to the low on march 23, 18,591 yesterday, june 3, the dow up 41 back to 26,269 the same story with the s p. Looking at that, you will see it hit a record high 3,386 on february 19. Fell on march 23 to 2,237. Yesterday back to 3,122. It just shows you how rapidly these things have happened and how much ground has been made if you are looking at the nasdaq. Only up 1. 4 from the record close from february 20 treasury yields have picked up the 10year yielding 0. 746 . Crude oil prices are down this morning. Concerns that that opec plus meeting. That there will not be any cuts extended a lot of that comes as you ar
Today, gilead stock was again writing haiku distract the other big story, revised shelter in place order issued across most of the bay area will allow people to participate in Outdoor Activities. The new health order impacts of those living and working in six bay area counties and those changes take effect may 4 through at least may 31. Len ramirez is live in san jose with that announcement today, glenn . Reporter definitely cheered by the people who were on the job six weeks ago and walked off of construction sites like that one. Although this announcement was made here in Santa Clara County as part of a regional agreement with all of the Health Officers across the bay area, so for some it is back to work, but those that do go back wont be business as usual. We are dipping your toe in the water come easing a little bit. He the lifting of stayathome orders for a few specific job types may be a small step for the greater bay area workforce but its a giant leap for tens of thousands of c
Our Investment Committee today will debate it we are in the red for the s p and the dow. Were off the session lows like carl pointed out, it may have had something to do with the headlines coming out of the new york Governors Press conference where he mentioned a phased out idea starting this friday the dow industrials only down 140 points the s p down the nasdaq is tech stocks up half a percent 9165 the level there our Investment Committee are making some moves today. Steve, youre seeing a couple of things happening in your portfolio. What have the recent moves done whan and what are you trading in and out of im not trading out of much i did sell some peleton. It worked out tremendously well. Not quite a double but fairly close. I still have some left what ive done is and i did this on friday afternoon is i added to baba in expectation of disney opening in china because i thought that would lift the market ill reduce that position back to a core position i bought some out of the money
President biden and the path toward victory is virtually impossible. So while we are winning the ideological bow. While we are winning the support of so many young people and working people throughout the country. I have concluded that this vow for the democratic nomination will not be successful. And so today, im announcing the suspension of my campaign. Please know that i do not make this decision lightly. In fact it has been a very difficult and painful decision. Over the past few weeks, jane and i in consultation with top staff and many of a prominent supporters and they did on his assessment of the prospects for victory. If i believe that we have a feasible path to the nomination. I would certainly continue the campaign. But its just not there. I know that there may be some of movement who disagree with this decision who would like us to fight on for the last ballot cast at the Democratic Convention. I understand that position but as i see the crisis gripping the nation exacerbate
Say, someone who believed that things may not bottom. And i think hes switched. He may say its not in dramatic fashion because its near the middle of his piece, not at the top. I do believe what were seeing is a gigantic amount of liquidity put in by the fed, when it looked like things might go back down that mattered a lot. A lot of companies that dont have great credit are getting money. Thats important we saw the retailers go up last week it wasnt because retail sales were good, but because their credit was so bad, maybe they get a chance to raise money. Ge raising money a lot of companies are raising money that would not be able to raise money. That is going to be a major change to keep a lot of companies out of bankruptcy and in the same way that the oil deal might Keep Companies out of bankruptcy david, you know theres so much debt being issued now. And theres some opportunities for people who want to buy debt, but holy cow, is the government wide open to buying anything on thurs