The dow did go down. The nasdaq went down 4 or 5 . I spent the better part of this year studying the pandemic i was right. You know what we just cover . The professionals are not the only covid that matters. We have a Massive Group of investors who become professionals. They dont care about the same thing as the experts theyre the ones who were the marginal buyers and sellers. The investors have changed the entire character of the market what made you not be able to sleep at night it was very little belief in stocks for the past 20 years, the convention says stocks could no longer be trusted. They continue to lose their values way too quickly when something goes wrong on top of that, the convention only a fool to try to pick individual stocks. You may as well stop trying to beat the mark and put some of your money in an index fund and invest safely in bonds the last eight months, that convention has been stood on its head by a new generation of investors after the rise of Commission Fr
Well, i definitely miss you guys. Since we have a little bit of cabin fever let me show you a different view outside the windows. The south bay, peninsula, trivalley. Lets get right to those views outside in case maybe youve been seeing your view too much. Enjoy it. Soak it all in. The clouds make for a beautiful sight. Look at the south bay, 50 degrees. We do have the showers sweeping through the peninsula, 45, very cool, comfortable. The trivalley, 48. In the east bay check out the cloud cover. 53 degrees. San francisco a little bit of shower activity as well as areas in the north bay. A chance of showers because of all of this instability still. Its not going to be a very powerful storm. Its the remnants of that system you saw pushing through yesterday. That will continue to make its exit out and we should see good clearing by this evening. Overall i will take you through a look at your temperatures and the dry trend ahead. For now, kira, back to you. All right. We look forward to s
Francine welcome to bloomberg surveillance. These are your markets. A lot of focus is on the Corporate News and a lot of the focus on the data we have from the u. S. European stocks are pretty much unchanged. Technology stocks are better than expected. But some of them are still disappointed. If you look at it, a lot of it is stock by stock. Eurodollar at 1. 1134. And then you can see the pound at 1. 2428 after jeanclaude said no. Coming up, right here, we hear from the renault chief executive. That interview in around 15 minutes from now, plus, we speak to the u. S. Secretary of state, and later on, to the starbucks chief executive. All of that coming up and much more. Lets get straight to first word news in london. Governments need to pitch in with fiscal measures if conditions in europe keep deteriorating. That is according to mario draghi. He signals more monetary support in september buts comments suggest the central bank is getting close to the limits of its power. The outlook is
Announcer news to build a better bay area. This is abc7 mornings. Its sunday, june 23rd, thank you for joining us. Im chris nguyen. Get ready for another warm day across the bay area. Heres meteorologist lisa argen with a look at the accuweather forecast. We almost have a 30degree spread. 55 at the coast, upper 70s at the delta. Fog along the san mateo coast with just a half mile versability. San francisco niece and sunny here, temperatures ranging from the mid 50s with the marine influence, to 71, mountain view, to san jose, and mid 50s at half moon bay. This has been the featured picture of the day. The tower is covered from the low cloud deck at mount tam. E i valleys. Ges com at the shor where some of you will just be near 60 degrees with the clouds. In between should be pleasant. Today is the warmest day out of the next serve. Chris . San Francisco Police say two people were killed in a car collision at 1 15 at the intersection of third street and paul avenue. Police say a man die
Losing month for 2019, first may decline for 2012 this morning you see modest green arrows s p futures up by 2 points and the nasdaq up by about 9 points. Overnight in asia markets slightly stronger. President trump coming back from japan. You see the nikkei closed up by a third of a percentage point. Similar gains for the hang seng and the shanghai deposit up about 0. 6 in europe its a mixed picture. The ftse up by about a tenth of a percent. Stocks are weaker in it will i and in spain as well if you talk a look at whats been happening in the treasury market in the United States, youll see the tenyear is yeeling, wow, 2. 89 , so below 3 . This morning alibaba deba debating whether to offer new public shares in a second offering, this time to hong kong reported will i they could raise up to 20 billion. Theyre currently working with financial vuzers to offer the listing as early as this year. The Company Initially listed in new york in 2014 raising a record 25 billion shares of alibaba