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Todays action dow gaining 140 and nasdaq surging 1. 71 the market reflected everything going right, but totally obscured everything going wrong. Its a tale of two cities. It was the best at times and worst at times but on up days, we focus d on the best and ignoe the rest what do i mean lets start by going over the winners today to see what they are trying to say. You have to define them. They speak to you. The stars of reteail tell the story. The most important winner is amazon this morning, analysts who missed nearly the whole rally here took the recent pull back as an opportunity to upgrade it was very significant. I liked everything in the support from approval to the patience you see, he waited for a double digit decline before he pounced. Most people were flying. Not him. I like that. In recognition of the incredible strength with rapid delivery and the fly wheel approach he says buy amazon is there anything in this note actually, yes. You can make the same arguments about amazon ....
Terrific rally. But your 401 k has taken a hit. I think election chaos is largely to blame, and well bring you that debate throughout the show today. Look at this, as of right now, well, we had a huge selloff yesterday, and heres where we stand this morning, were way down again. A hot more selling. More a lot more selling. More worries about a second wave in europe, and there has been an uptick in virus causes here. Look at this, the dow down maybe 160 points. Youre back to 26,500, s p down 25, and look at that nasdaq, 10,600, down 150 as of right now. Premarket. Were on it. And heres what youre looking at right now, a uhaul truck in louisville, last night. It had been prepositioned, loaded with protest signs. The Kentucky Attorney general will not prosecute two of the three officers involved in the death of Breonna Taylor are. After the decision came down, the uhaul was u ....
After we got the outline of phase one trade deal china President Trump has agreed to lower some of our tariffs in exchange for, it looks like, 50 billion a year in agricultural purchases. And some much firmer protections against intellectual property theft and currency manipulation. And those last two pieces, please, youve got to understand thats what the United States is fighting for thats the real meat of the deal we need Chinese Companies steal our patents and trade secrets and we need china to swear off currency manipulation. I dont know i assume the case. I think let me tell you i want to make this really clear. Ag is not what this is about but we got to spend some time on it because its what people are going to talk about. China has a history of not following through with its trade commitments. And this time, we ....
Well check that in the next couple minutes. Maybe a bridge crew can confirm or deny. Meanwhile the san mateo bridge shows how light the traffic is. New this morning, a new push to allow medical marijuana in all Public Schools across the state. Today in the bays bob redell live to tell us more about this controversial legislation. Bob, could students actually be allowed to light up on campus . Reporter laura, no. Thats an important distinction. If this bill were to become state law, parents will be able to administer medical marijuana to their student child on campus as long as the medical marijuana is in the nonsmoking form. Yesterday the California Assembly approved a bill to allow local School Boards whether or not to let this happen on their 12 campuses. Some students use medical marijuana to treat medical seizure ....
Cents. The price of gold holding steady. Its up just a little. Have we got a price there . Okay. We will get to it later. Its 1300 an ounce. What did you say . 14 . Gold is 1400 an ounce this morning. Big gain yesterday, a fractional gain this morning. Got that. Investors do not know what to make of this. Chinas leader goes to north korea. Interesting that right after that visit was announced, President Trump called xi jinping and worked out an extended meeting. So its a threeway dance and no one knows whether it helps the trade talks or not. Look at this, too. After a big rally yesterday, no significant pullback this morning. Yes, the dow, the s p, the nasdaq, they will all open lower but all three are still at or very close to their alltime highs, despite whats going on around the world. Go figure, maybe. Friday morning. Varney company about to begin. Stuart want you to see the video. Look at it. Its cooling down a little bit n ....