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Thematic global team if you were looking for big tech to come to the rescue today, youre going to have to look somewhere else that is your picture right now with the nasdaq getting hit the hardest, down more than 300 points, 2 3 4 look, this is not what we wanted people like me have been talking about the broadening of the rally. You were getting that but this week youve had the down side, which we didnt want to see of tech giving up gains its been the whole week, right. Microsoft had a bad reaction to earnings having said all that, i dont think at all that youre supposed to throw in the towel on these big tech nailmes. I think their value iations arer the most part defendable and theyre trading on lack of fiscal stimulus and the virus surging as it is on the earnings number if you want to take apple, theres a reason why they underperformed on iphone sales people are saving you for the iphone 12. And amazon, they have a quarter every now and then where they say were going to spend a lo ....
Not enough time. Announcer we believe this discussion and go live to President Trump. He is giving a speech in minnesota on the economy. Minnesota, but our great republican candidates for michelle . Wheres [cheering] i hear some any things about you. I have heard some great things you are going to do it. We are going to be out there working with you. Tyler . [applause] tyler, good luck, tyler. This is a great group. A man whose name i love lacey johnson. [cheering] great job. I have been following you, lacey. You are doing good. Thank you very much. Warriors, all of them. We have to get them in because we have to stop this craziness going on. Enforcement, they will lose the country. Somebody said the other day, and i sat strongly, sir, you are the only one between that and the american dream. We do not keep this position, we are going to win the house. I am very much involved in every single race. With the senate we are working h ....
Announcer President Trump innesota, a state he won 2016. He talks about recent protests in the state, the coronavirus response, and negotiations with Congressional Democrats about additional trade. And dyingin the air for thisen waiting moment all my life, oh lord coming in the air and dying oh lord i have been waiting for this moment all my life oh lord ladies and gentlemen, the 45th president of the United States, donald j. Trump. And im proud to be an american where at least i know i am free and i will not forget the men who died who gave that right to me and i will gladly stand up, to you, and remember still but there aint no doubt i love this land from the lakessa of minnesota to the hills of tennessee across the plains from sea to shining sea from detroit down to houston wherew york to l. A. , there is pri ....
Record close of 2020 i talked yesterday about the stunning market cap gains this year for some names like amazon which has added 674 billion in market cap this year is it out of hand . Is this too much i think its a little too much maybe thats why youre coming to me first. You know i might be a little provocative here and say you can trim this doesnt have to be a digital on off decision of youre all in or all out of tech obviously, tech has fundamental business tail winds propelling the stocks higher. The top five stocks in the s p 500 are 23 . Unless youre used to running a 20 stock portfolio, which most people arent, that means the names are over weight. If you trim them and take two Percentage Points off and bring them down to four Percentage Points, now youre running a 25stock portfolio and youve taken 4 points out of the tech area, you can put it into whether ever ....
Leaning towards cooler than normal with most the country as above. That is a rarity. Normally we are above. Is on the move. Sing carlos airport, and napa airport, and san pablo bay. Good morning, we have traffic that is off to a nice start, if you are driving around the bay area, you can see that traffic is moving along very well at the bay bridge. Lets go there. Traffic is continuing to look good into sand and cisco. I have a feeling that we will start seeing lighter traffic as we get into the week. It is going to be a nice drive. Lets go back to the headlines. Governor newsom will announce tougher restrictions in california, leading up to the fourth of july holiday this weekend. Alyssa harrington is here now, you have all the information, so, what do you know . The governor is worried about large family gatherings, that were part of the tradition of the fourth of july holiday. He says now is not the time to let your guard down. Households begin to mix. They take down their guard. You ....