S p by 11, nasdaq up by about 42 there were a few areas of the market yesterday that continued to outperform including the small caps russell 2000 coming off an alltime intra day high. And then there is the khodow trs trading at a record high and right now it looks like the ten year is yielding just about 0. 8 the transports a lot of times, they are an early indicator of what is to come, but maybe more difficult to glean what is happening this time given the overall virus situation. Yeah, it is and it is really not things Like Airlines so much driving the transports actually fedex and u. P. S. Are arguably kind of stayathome plays and they are also big components of the transports so really just kind of gone sideways in the last day or so, not much of a pullback just yet. So well very to see how that develops and in this context especially with the White House Task force painting a bleak picture on the near term outlook. The most recent report warns that there is, quote, now aggressive
Take a hit. The covid consumer, walmart, home depot and kohls among retailers reporting earnings today. Walmart says ecommerce sales up 79 . And elon musks billions, tesla getting a spot in the s p 500. It is among the highest valued companies to ever enter the benchmark index and musk is on top to become number three, that is the third richest person in the world. Indeed, guys. Well start with the retail picture this morning, jim, youve been vocal as to the investor response on home depot and walmart. I guess thats related to the news out of amazon. Look, by the way, those stocks do tend to run up in the quarter and sell off thats nothing new a more aggressive amazon is always something we have to Pay Attention to i remember when amazon bought pill packs, the drug stores got killed i also point out that walmarts online david, thats not going to go away you can argue someone is going to argue thats the peak i would argue that amazon and walmart have taken so much share in this country,
U. S. Cases do continue to decline. The fda gives the go ahead for plasma use in hospitalized patients and a potential vaccine fast track and tech on a tear. Shares of apple up nearly 75 this year ahead of its four for one stock split today. Jim, we have all that to handle and jackson hole this week, the rnc and couple tropical storms in and not a sleepy august it should be a sleepy august, and its not august supposed to be a down month and its not people say, wait a second. 70 of the market didnt do well last week. I always find those kind of things because 70 of the market does well this week. You dont have a bunch of anything to hang your hat on when you look at a big apple price target increase basically to where the stock is you realize, wait a second shes the first. But will everyone have to follow every price target is below where the stock is a lot of people feel enthusiasm for the stock split. Of course, that is part of it. I know stocks mean nothing but they excite people she
All labors blocked by two accidents. Serious injuries. All lanes shut down. In the meantime use 4 over to 680 to get to the benicia bridge. Were following breaking news out of oakland. Firefighters are on the scene of a deadly twoalarm fire. Oakland tweeting out these photos a short time ago showing the massive flames coming from the building. This is from oakland fire. There is the 700 block of 66th avenue in a twostory warehouse. One person is confirmed dead. Well have updates. This morning another homicide in san jose. The third one just this week. Police say that a man was stabbed to death on mill stream drive around 9 p. M. Last night at the mill pond 2 mobile home park. No arrests so of. In the east bay a van crashed into a Lowes Garden Center in antioch near pittsburg last night. The driver was shot in the head and rushed to the hospital. This happened about a mile from the shooting on highway 4 on tuesday. In that case the driver was killed. Not clear yet if the two shootings a
Instead of tunneling through the tehachapi and San Gabriel Mountains which would be very expensive. Going to san jose first reduced the coulds from 68 to 64 billion. It was largely a political move since getting the train up and running would help attract more funding. At the meeting today, expect critics to grill the board about where they will find the billions of dollars needed to finish the project. This project is going to fail. And when it fails, everybody in california is going to be turned off to the idea of high speed rail. Oh, no, we tried that. Thats a disaster. Reporter despite complaints the l. A. Times is reporting the Business Plan will pass today with a few tweaks but it will be interesting to see if the board has any more ideas on how to pay for it. The meeting begins at 9 a. M. At the county building in san jose. Were live, kiet do, kpix 5. I think a lot of people in the south bay want to know whats the latest estimate on when the fresnotosan jose line would be comple