Yeah, look, we saw the market rally and the vibs rally earlier this week. Just a terrible sign the 6 0 the vix the vix is the gauge, supposed to go in opposite direction. And spear downturns. That said, over bought as we are, its actually good. I went back to 1985 when you have periods where you are as overboard as we were, you tend to have 3 corrections and no more so lets have the 3 correction. Lets watch out for the stocks trading. David portnoy, the most important force i believe in the market by gunning the cruise ships and in gunning the airlines oil. At least his cohort was doing so watching the robin hood margin features again, this is wa we have to do. If we think the market is run by people who trade through Goldman Sachs were fools. The people active, the people trading retail, trading cruise, airline. Trading low price oils its fun for them and great. A lot use big margin calls that are coming, but the market became fun now, the reality is, and david, you know this market w
Ill show you when you next round of rain gets here. Three counties branching off from the bay areas strict stayathome order. New changes coming monday. A Bay Area School district is looking at a plan to bring back middle and High School Students two days a week. Newly unemployed americans have lost Health Insurance. What you can do to regain coverage here in california. Abc 7 news starts right now. Building a better bay area more bay area counties are gearing up to formally enter phase two next week with businesses open for curb side pick up. I am excited to announce some good news for a change. 18 counties have been approved by the state to move faster through phase two opening dine in restaurants and schools but with modifications. This is a dynamic process. We hope in the next days, weeks, not just months to continue to see. Governor newsom revised budget tomorrow. He is promising it balances variouses demands now facing the state. Focusing on coronavirus mitigation, trying to do ou
The same time. Weve got to mitigate and suppress these fires as we move into fire season. Good evening. It is welcomed news certainly for a lot of people in the bay area. Three counties are about to break off from the regions strict stayathome orders. On monday, marin, San Francisco, and san mateo counties will be easing into stage two. Amanda Dell Castillo explains whats to come. Reporter William Fields is talking about the board game pandemic, ironic since the covid19 pandemic has been far from anything fun. Business is down 93 because of the virus. Staff was back wednesday but fields says it still isnt business as usual. Its one of the biggest days. Monday could bring more customers as san mateo joins marin and San Francisco countys in branching off from the strict stayathome order, easing into stage two with the rest of the california. Er with going to start pick up. But well keep our door closed. I have signs that they can give us a call when theyre outside. Air lollipop cant wait
Which prevent michiganders crossing the street to visit family members. No relaxation of the social distancing rules from President Trump. Hes considering extending the keep your distance regulations into the early summer. Then theres this. Antibody tests that show far more people have been through covid19, three million in new york state, 20 of new york citys residents have had it. That means the fatality rate, the number of people who died from the virus, comes way, way down. Interesting. Quickly to the markets. Not Much Movement at the open today. Orders for durable goods in march down 14 , yeah, thats bad but it was expected. The dow is going to be up 193. I call that little movement. How the times change. We will be back to 23,500, big gain modest gain for the dow, nice gain for the s p and for the nasdaq as well. Look at oil, staying at low levels. We are looking at 17 a barrel. In the absence of demand, we are still not driving very much, we are running out of places to store al
Happy friday, april 24 and lets check with Steve Paulson and i heard you say a little change in the weather back and forth the next few days. I would say the next couple of weeks, it will warm up and cool down and then warmup and cooldown going to early may. Today will be one of the warmest days although yesterday it is tough to be 89 for a sum locations but highpressure is a fair weather friend and sfos is mostly cloudy with that is deceiving, they are up a 20,000 feet and will not last long i went upper 80s but again it is almost impossible to try to nail some of these when temperatures are that warm because 50s at the start 57 and santa rosa and san jose but were running cooler for areas that are usually pretty warm and we were yesterday like in fairfield and concord. But the High Pressure is still owing to be large and in charge which will equal temperatures well above average and even the coastal bay will get in on this, santa rosa at 88 and livermore at 86. All right Sal Castaned