Populating wall street are a bunch of weather man everyday you hear the forecast today the dow slipped some points nasdaq declined 1. 2 it is enough to make you take a meteorologist course to see which way the wind blows seems like both ways blowing at the same time. The tail wind dies and the market goes right back down again. You dont care about todays weather, what good is that for you on the forecast . It is easier said than done. How do you navigate your way through the confusing markets. Starting with the winds from the vaccine. We know it is a huge tail wind for the economy. Once people are vaccinated, we can open everything back to normal and more restaurants and retailers will make it and there will be more jubilation. The jubilation that kohls got underneath its stocks and malls can reopen and troubled retailers can be able to shooure and macys the younger robin hood traders are betting heavily on the cruise line, between the vaccine and soon enough well be able to take a cru
Of that in about an hour. Apple is sometimes seen as a proxy on consumer spending, entertainment, computer, mass mutual fund reflecting how we all feel and our appetite to buy stuff. Some of this stuff were told could be very, very pricey. Depending how it all lays out, when tim cook makes the announcement, well have a good idea how much americans are willing to fork over if it gets you know, pricey. But again this is not really been a problem for apple in the past, as you have been hearing here. It is the most widelyheld stock on the entire planet. Just amazing. But, all eyes on amy barrett in washington right now, the judiciary committee, taking up her confirmation process to get on the Supreme Court as an associate justice but not without a lot of talking. Not so much on her part, on the questioners part. There are 22 senators, 12 republicans, 10 democrats who have been allocated 30 minutes to ask their questions. That works out to about 11 hours of questions and at the pace theyre
Extreme smoke just really trapped at the surface here in the bay area. So we have very unhealthy air to hazardous air quality this morning. You can see those purple, red dots indicating this unhealthy to hazardous air quality from redwood city to the trivalley and up through concord as well. Walnut creek. Around the oakland area. Into San Francisco. Very unhealthy to hazardous air quality up through lark spur and san rafael and the north bay. And into petaluma. San rafael and for santa rosa. Not only dealing with those smoky skies, we have the fog. So Poor Visibility this morning near zero for petaluma. Down to three quarters of a mile at halfmoon bay. And a mile and a quarter at sfo. Looking ata mile a lf kland hayward as e. Rmora densfo and in safr ea unti 0a. M. What you can expect for the weekend coming up. But gianna, we are dealing with that extreme smoke and those foggy conditions. Hows the commute . Yeah, its certainly affecting the drive this morning. Were seeing some slow spe
Now. New data points to a sluggish economic recovery as payroll, points in the beige book shows a modest increase in activity. 59 minutes until the close were set to have another record highs for s p and nasdaq up 1. 2 on s p 500, sara its utilities leading the way higher for a change. Coming up on todays show, Galaxy Digital back to weigh in on the rally as it carries over into september were going to ask where hes putting money to work right now. Weve got an interesting mix of earnings coming your way after the bell, including work from home like cloud strike, those are hot, hot Cloud Companies Apparel Company pvh and well talk to manny tirico, calvin klein and Tommy Hilfiger mike santoli tracking Market Action as always Steve Liesman with new highlights from the feds beige book joining us to talk tesla and pullback were seeing is craig irwin from roth capital. Mike, start us off with the market every group is higher except for energy you do have utilities and real estate and health
Barbershops and hair salons to the regional variations starting today. Weve put those guidelines out. We put them up on our covid19. Va. Gov website, and those counties will begin to allow for those kinds of operations with meaningful modifications with the appropriate protective gear, particularly face covers that are so essential in that environment. Again, phase 4 is about concerts. Its about large festivals. Its about conventions. We are not there yet. Thats about fans in stadiums. We are not there yet. And the state will hold the line in terms of those larger venues. So thats still a ways down the road. Nail salons he says are still a work in progress. Shared th shared th shared th shared this antidote. A 6yearold, a 8yearold and a 10yearold barber that were not practicing physical distancing, that were considering the deep sanitation requirements, wearing face covers, nor was their subject. And i say subject because they had at me. It was a family effort to remove what was descri