Patients the billionaire Tilman Fertitta will talk about what a second waver could mean for his business power lunch starts rite now. Thanks the Broader Market is lower. The nasdaq isnt it crossed 10,000 just a few minutes ago. Lets get to bob pisani. We did hit the 10,000 level it was led by semiconductors we saw nvidia doing well dont kid yourself, theres your 10,000 off of that its still a nmegacap rally. Good day for amazon. Good day for facebook and alphabet good day for apple as well microsoft is the lone laggards and that is up about 1 overall here we sort of reversed. The banks, the retails and industrials have led the charge for the last week or so. Thats not the case today. Were back to the old meg cap rally and the banks down the retail down. Energy stocks down industrials down all this follows a rather predictable pattern in last month or so as these cyclical names for big for the last 6, 7, 8 trading sessions on the down side we keep mentions all of these. We call them ret
And thats when the Trading Halted it slowed some of the panic selling, the machine selling and at the end of the day, still down more than that for the dow futures for the dow a decline of more than 2,000 points. Youre looking at a big bounceback but only half of the declines from yesterday. Up by 1100 . It found some support and then it was down 5 and then it closed about where it was indicated to open. Right. But we kept saying what if the garden variety correction is 12 we got a pandemic whats a decent where do we got an additional 18 or 19 yesterday. Well, in total. Down down 18 or 19. Yeah. If it goes from here up 1,000 today youll once again be the call of the bottom you will be ill take it. I hope im the call of the bottom. I hope you are too. But its just consensus. Just the feeling that everyone has at the same time that you express. Thats all it is thats many times that is the indicator. Do you think do you think we have more to go . Well, i understand the focus on the equity
Not everybody in the bay area san jose just a few hundreds of an inch. Center portion of the bay and up to the north day. Tactfully were not taking talking about extreme amounts. Santa rosa over the past 24 hours. 70 in San Francisco about a cover part of an inch and san jose picking up up much on our a few hundred of an ancient there. If you can active weather part patterns and clouds and green indicating the rain showers in Northern California the bay area. There are no reels of fine storms but the pattern that going to give us cloud cover and instability that leads to shower activity. Not all this green is reached the ground. From san mateo to fremont to san jose, and outdoors the los gatos area. More rain on the way. Pattern will continue to thursday and friday and also saturday. Heaviest downpour will let you know as we get a break in our fiveday forecast. Thats coming up in a moment. Two Democratic Candidates are in the bay area today billionaires time stier and michael bloomberg
It looks like it didnt have to. They didnt you know it was not the best game to stay up for. So well talk about that a bit later. Steve paulsons forecast. It is worth staying up. Sure. And looking ahead to it as well. Well, tomorrow itll be much cooler here. We do have a lot of fog to talk about. Well talk about that here in a second here. There are some areas to the north, petaluma, novato, napa airport, santa rosa, Half Moon Bay, maybe even san jose. Once that burns off, then well have a sunny, breezy day today. But that system on its way for tomorrow. Well have highs in the 70s. Today there will be a lot of upper 60s by tomorrow. All right. Lets go over to sal now and he is going to tell us at 701. The traffic is as it is what you would expect it. Steve, we do have slow traffic at all the usual spots. For example, at the bay bridge, of course, as everyone always wants to know what is the bridge looking like . If that bridge should have a bad morning, then a lot of other commutes go
Speaking theyre lower no matter where you are in the world. Weaker against the yen. Were sitting right there at that 100 level. Pound is now 1. 29. Went to 1. 2796 at one point. Price of crude oil up this hour. Brent at 47. 76. Lower by. 20. Tesla says it doesnt alert regulators until nine days after the accident. The company is defends its decision not to make the news public before a federal probe was announced last month. The national Highway Traffic Safety Administration says the investigation is active and would not comment further in response to an article about the time iing of that disclosure. Elon musk tweeted the may fatal quote was not material to the stock. Bio tech firm is ready to explore a sell to one of several suitors. San if i has signed a confidentiality agreement. Gives access to a treatment that has produced positive results in mice. You cant say that something is not material to a stock. Thats its not his position to say that. Number one the stock did go down. It