Quality get a little bit better. Yesterday, we started off the day with unhealthy to very unhealthy air and now were looking at some spots even moderate air quality this morning. So that is the difference compared to what we have experienced over the last several days. Moderate air quality in santa rosa, and that is great to see it is or and starts in San Francisco, napa, fairfield, rio vista, unhealthy for everyone for san rafael, oakland, redwood city, livermore, and san jose. We are beginning to see a little bit of improvement and we will continue to improve with the air quality as we go through the workweek. Looking at that spare the air alert that remains in effect for the bay area, it is going a record 29 days in a row with our smoky skies and that spare the air alert. Our smoke model, as we got through the next couple of days does show the improving air quality. So there is hope as we go through the next few days. We will talk more about that, the better days for air quality, co
Out. The billionaire Tilman Fertitta will be here power lunch starts right now the dow making major moves to keep up with the changing times and the changing economy bob is looking at the moves and how they will affect the markets. Bob a bit of a shake up in the dow but the moves make some sense. Let me explain why lets take it piece by piece first we have salesforce. Com replacing exxon mobile the apple split has reduced the tech weighting in the dow and we need more Technology Sales force reflect the growing importance of Software Overall in the u. S. Economy. You dont need two Oil Companies in the dow you dont need exxon and chevron with energy only 3 of the s p one of them chevron will do. Lets look at the dow industrials. Pfizer is the lowest stock price in the dow the price would be even lower. Another reason to move it away amgen is reflecting the growing importance of the biotech space. This sounds like two industrial swaps and they are theytheon overlaps a bit with boeing now,
Lets go to bob. Hello there are a number of reasons we keep rallying. The bottom line is for the moment generally the market is choosing to see the Glass Half Full whats the Glass Half Full a number of data points. We did have better than expected china export data. Thats pretty good news overall. Were in range bound territory but the trend is slowly on the upside moving to the upside. Lets review the data. Thats a data point we had generally were seeing reopening hopes. Were also seeing a mass i fiscal monetary stimulus most people believe the fed is real the fed put is real and hopes for improved treatments and vaccines Glass Half Full for today. Theres days when the market is glass half empty and they recognize the risks. You can see that in down days. Further downward earnings revisions. A third of the s p is given no guidance at all. Its hard to figure out where the multiples are. Flst concern it will get bogged down in partisan debate in congress we all need more fiscal stimulus
If we kept if remaintained the end of the year, and break that level that we were at 30 thousand soon. Before the fed started to raise i predicted that some months ago too many Interest Rates, perhaps if we got passage of the usmca this would not be such a big jump as it is now. This is not a good thing, because the fed start the ma and fed to lower their Interest Rates, they are i in place. Manipulates Interest Rates now david his predictions in past we have an asset bubble. Have paid off. Should investor be banking on we should be able to raise Interest Rates but we cant, every time we do the market another rally. It is going to be hard to freaks out, i dont think that is a boone. Imagine beating this year, but i think that economy is on fire. And that is why this is so im fairly bullish, not is not important that too have election necessarily a bad time to take a turn out in right way because otherwise, the tax cuts willic little profit, you look at 4 power and expire and market pil
i m griff jenkins. jacjacqui: i m jacqui heinrich. quite frankly i would like to go back o back and revisit the treasury and go back and look at the suspicious activity reports. lucas: democrats are saying nothing to see here and want this probe to focus on the president s son. the fbi director said they looked into all of this and decided that there was no need into further investigation. the matter in delaware is about hunter biden and not the president of the united states. lucas: he did not want to talk about the second trump indictment. are you concerned about lucas: some thing hillary clinton had problem securing material. the wall street journal editorial page writing last night, quote, in the court of public opinion the first question will be about two standards of justice, mr. biden had old classified files stored in de ftse 100 garage next to sports car. when the news come out he didn t sound too apologetic and president biden remains under a separate federa