Lets begin with that historic day for apple. It is the most valuable company on earth we shouldnt be surprised, but it just took two years for add a trillion in market cap thats just astounding. Absolutely remarkable its unprecedented to have a trillion dollar company. I added to apple after they announced the split. It makes no economy supplies in terms of benefits to the company in doing that. You can trade partial shares there are robin hood and others, but i thought the market would react positively i added to my core position. I dont want to sell, even though i do have some concerns theres an attack on the app store, which has driven a lot of growth im staying there for now. I think the 5g phone will be the biggest Product Launch theyve ever had around the world. Jim, i notice he own it as well, but to me you sound to be, you know one of the maybe, you know least enthusiastic about where the stock is now and where it can go from here. Do you think thats fair to say . I do, but tha
Just like this miserable quarter. The house of pain the s p shedding 1. 60 . The nasdaq declined 9. 5 the Dow Jones Industrial average had its worst quarter ever the craziest thing, though, truly crazy, do you know it could have been a lot worse. All sorts offer stocks have roared since the bottom a week ago. S p rose 1. 9 last week. Were leaving the quarter with almost as much hope certainly we had it than despair. How is that possible when the pandemic is raging and the entire economy is in dire straits . This decline was vicious as anyones ever seen it. Investors tend to regroup. They figure out what they can make peace with, but whats too toxic to touch the ones they made peace with have stabilized and can actually rally on good days, but they may not have bottomed. You know exactly what time talking about. Days like today theyre going to give up the ghost a little bit theres some terra firm a there for some of these companies. The question now, are the stocks that led us in last w
The bay bridge toll plaza, i look at it now. Theres almost no slow traffic here. In fact, i dont see any. So the metering lights is not on. Traffic is moving nicely across the span. Looking good on the Golden Gate Bridge as well. Looking good through the entire county of marin. And down the peninsula. Lets go down to the des glk its 6 01. New information its about a coronavirus patient now being treated by doctors in san mateo county. The Health Department says that person returned to the United States from being overseas. San mateo county says they will continue to work with the cdc to manage tests and keeping an eye and monitoring anyone he can posed to coronavirus. A state Health Official is calling one coronavirus case a turning point. Patient contracted the virus here in the United States. Elissa harrington is live with how the area is responding. Elissa. Good morning. Reporter county officials declared a local emergency after the person tested positive. Now all we know is that th
Underperformed. Joe i thought the fed would have to cut again. [laughter] japans u. S. Treasury holdings falling 28. 9 billion, the latest number here. 1. 15l by 28. 9 dollars to trillion. This is according to the treasury department. Nonetheless, japan remains on top as the biggest holder of u. S. Treasuries. Caroline lets dive deeper into our market reporters. At the close, what were you watching . Luke scarlet had a good reference with treasuries in the past. Lets look at treasuries in the future. We have a chart showing the 10 year yield in the one year forward yield. The difference between them on the bottom panel here. But we have got here is that throughout the course of the year, people became very much doubting around the time of the first rate cut and the time that the u. S. Dollar offshore yuan broke seven. A strong move downwards in the yellow line and purple line. That is when people started to think we are in for a global recession, world is over. Since then, you see thos
More business more revenue that even up higher than amazon already. Well its hard for anybody to have a valuation is high as i was on i mean theres a lot of speculative money thats in that stock and im sure one of these days is coming back down to earth i just dont know when that is. So now peter lets go back on to the domestic front we have conflicting reports and sentiment yet again from china and the u. S. The mood in beijing right now is increasingly pessimistic as trump refused to scrap tariffs dampening hopes for a resolution the u. S. However seems more optimistic with the markets today and larry kudlow we had already yet again that they are getting close so why are we getting the conflicting reports here. Well 1st of all i think the chinese are actually posturing for a negotiation you know if youre negotiating with with somebody you dont want to admit that youre close to a deal you want to say that a deal is far away because that way you can try to extract more concessions from