Alley were seeing more push and pull this morning in this case the dow and the s p are green. Were getting decent bounces in names related to travel. Of course the covid cases out of florida at 11,000 plus is not good, but it has been off set by the data out of gilead lets talk about where were going in the coming weeks. You have been riding names like facebook and alphabet and is any of that betting tired the nasdaq 100 has bet the s p for ten straight months. At this point i think the s p this year is down 1 and the value index was down we started our careers at the same time. We saw the tech bubble we saw how bifurcated it can get. We saw how they still have value. Other companies doing exceptionally well it is not available compared to what we see in other sectors what is an example of that . Lets take leer if your family owned the business, you would say we made a billion and a half dollars a couple years ago and a few years from now we will again, but the market is offering to bu
Nineteen is no great danger signals click on it. Can have serious consequences. Especially for those who manage and women i think in france. And italy were suffering from diseases such as to. Obesity cancel. The men. That wont pay for some weeks now we have been preparing for this team what made. Star once he talked to help you as s well because its not and. There are many examples and then just. Practitioners hold people work in medical sector in front have been working time. To and stem is to it up again when you while we been able to limit the spread of this disease is spread of the virus it is that. Thanks to them polo dont so v. They have to out time. Of their own but also that po lives to protect the health of their fellow citizens over couldnt and that is why i want to try expunged behind i would like to x. Not only saving on that deepest gratitude i see or on to please people t these heroes in white and letet the courts and you know do you have what hi leslie. Who have come fro
Ramos shot the 26yearold rookie officer who was responding to a domestic disturbance wednesday night. Shes the first Sacramento Police officer to be killed in the line of duty in 20 years. First responders line freeway over passes as the procession made its way the the kor nors office to funeral home. Honor guard slowly carried her casket out of the hearse walking past saluting officers and into the funeral home in elk grove. Wiet a quite a dramatic scene. She colleged from College Park High school. Were tracking new turns in the confrontation between the president of the Toronto Raptors and a local deputy. Last night the Sheriffs Department says theres clear video that shows the raptor president punching the deputy in the jaw. Today the Sheriffs Department once again denied all requests to view that video. Weve reported the deputy is now getting death threats. This is our exclusive video from last week after the game showing the chaotic aftermath. You can see the Team President wearin
Making her last stand, raising rates for the third time this year and the fifth time since the financial crisis Steve Liesman was at the press Conference Reporter hi, melissa the Federal Reserve raising the Interest Rates by a quarter point, that is the highest its been since 2004. The fed forecasting three more rate hikes, boosting its growth forecast next year to 2. 5 in part because of coming tax cuts. It also lowered its outlook for unemployment to 3. 9 and continues to believe that inflation would eventually move up to its 1. 9 target. There is nothing flashing red there or possibly even orange. We have a much more resilient stronger banking system. And were not seeing some worrisome buildup in leverage or credit growth at excessive levels so, you know, this is something that the fomc pays attention to. But if you ask me is this a significant factor shaping Monetary Policy now, well, its on the list of risks its not a major its not a major factor reporter yellen said the tax cuts
Flat. R yen now we had seen it move lower throughout the session but were off the lows of the session and is vix is what everyone watching. 45 is how were trading on the vix. Thats like a quadruple from what we saw last week. Modestly higher. I was interested as to why we didnt see gold spike more. To be about equities and commodities kind of taking on the chin. Raises the question whether its fundamentals or technical. Well be die jekting over the next two hours. For the first take, there are three top stories. You have equitys and what is the fed going to do . David . Were joined by Michael Mckee, Bloomberg International correspondent and the reporter bloomberg news. What happened with the dow yesterday . Ill pull up a screen that tells story of two days in one chart here. One on the left is what happened on friday when we had those out about jobs. The one on the right is what happened yesterday. Michael, what does this tell us . Tells us that we saw return Inflation Expectations ear