These days lets face it can happen to anyone because incidents like this are becoming common. Dont like that, happen last night, the confrontation again in louisville, demonstrators try to set the library on fire, a black cop shot in the stomach, 24 rest, urban violence is an election issue and polls show a sharp decline for antipolice demonstrations. Thats that, lets get back to money. After battling the threat of impeachment, Speaker Pelosi and the democrats are pushing a 2. 4 trigon dollar stimulus plan, and was 3 trillion and now its 2 trillion, now they come down, we dont know whether the treasury secretary will go up from his original trillion dollar, 1 trilliondollar plan. Not that much action in stock so far today, the stimulus plan news not really affected the market, the dow will be down 100 ands and p down a little bit but the nasdaq looks like a gain of 16 points at the state, not Much Movement but look at this, william hill, the reddish bookies getting to takeover bids and
Records as we get started with temperatures that arent very normal in the upper 40s and low 50s. Temperatures way above where we should be for an afternoon high. It goes above that as we go to the middle of the afternoon with some spots reaching into the low 80s and then by 5 00 were seeing those temperatures gradually starting to come back down. Mike, looking at the bay bridge. The bay bridge has cleared up. The last few seconds before i took the shot last time it had just opened up a couple more cash lanes. No major problems as we travel there and no metering lights just yet. Another 10 to 15 mince possibly. Getting over there, a smooth drive. A little slowing around the berkeley curve and right before the break i showed you with waze a little slowing. Thats shifted. There may have been a crew that cleared from the maze. Its great so far. Right back to you. Thanks, mike. 5 01 right now. This morning a new local case of the coronavirus raising a red flag nationwide. All over this stor
Trade deal and the market soars the dow gaining 221 points s p climbing. 86 and the nasdaq. 73 . What do we say hello . Hallelujah i dont mean to trivialize the importance of this news. It matters it does matter President Trump trump stock, trump stock. Might be able to reduce the tariffs with the chinese by 50 , or cancelling or forestalling the tariff hikes that were supposed to go into effect this week that would have affected a lot of consumers china is willing to make some major agricultural purchases while doing a better job of enforcing u. S. Intellectual Property Rights and maybe opening up their market, specifically to the services and especially the Financial Services industry. And thats a big deal. But, and this is the worlds biggest but, the days when a china deal could control the fate of the whole stock market are long gone, even as we act as if its all that matters initially the market reacted to the tariffs as they were going to cause a worldwide recession this whole de
Confidence ticking lower in november though still largely positive. Joining us for the hour is mark tepper from Strategic Wealth partners mark, welcome. Thanks for having me. Even as i just went through those different points that are driving the action today, weve got records again for the dow and the s p, albeit just barely. Right, yes. I mean, all investors are pretty much still riskon and whats most surprising to me is you have this news coming out of china where china is potentiallily bay lbalking at ae deal, but were at a new alltime high. The market has shifted from one of economic deflation to policy reflation and thats typically good for stocks, right a low inflation, Slower Growth economy is good for stocks over the next six to nine months, now would not be a good time to be underweight equities. You want to be pathetics right now. Is the trade deal priced into this market . I think completely, almost fully priced in right now. I think weve seen quite the runup over the cours
Socalled wall street tax, placed on the sale of stocks and bonds. So will this appeal to voters even those who hold stocks in their Retirement Savings . Well, im not sure it is going to. It is all about how you brand it; right, david . Hes branding this or at least as they are mulling it over they are branding it as a tax on wall street, but it isnt. Think about how many people have equity and Bond Investments on main street. If you have a 401 k , if you have a pension, if you have any equity related investment, this is going to hit you. Now, it may seem a little bit less extreme than the wealth taxes that sanders and warren are proposing and hes in a tough spot because he needs to go a little bit more left, but he needs to make sure he wont cannibalize his base and this could very well do that. Well, okay, okay, lets just forget the notion of how weird it is that you will get your poll numbers to go up by proposing a new tax. David good point. Thats a little hard to grasp. I dont like