This just a correction or is there Something Else more insidious involved . I wouldnt use the c word. I would say this is profittaking pullback. That is all this is. Remember, the nasdaq, top 100, ndx were up 75 straight up off the lows. Even after this pullback were off 10 from the highs, theyre sill up 66 . Looking at the s p, right now as it stands is 50 off that march bottom. So the end is not near. This is just a profittaking pullback. This same situation is in place. Lets see how things react. Even with today, were only down 3 in tech. That is not much at all. What i like to see with vix. The vix has a lower high than it had on friday even though the s p had a lower low. That is very much a positive. David jonathan what do you think . The end is not here. This is just a pullback. We could be way up again momentarily after the pullback is finished. What do you think . Put me in the bear camp, you have 80 new, 20day highs, excuse me, only 8020day lows. And the pendulum is to the be
Everybody. Well see how the nasdaq settles. It is just about at that level right now. Look at big tech titans, microsoft, amazon, alphabet, facebook, apple, all those individual stocks down significantly today. Apple down nearly 7 . Apples market cap falling below the two trillion dollar milestone as well. On top of that, it is the worst day for oil in three months, sliding to the lowest level since june. Well cover all angles of this. Fox Business Team coverage, blake burman at the white house, gerri willis and Edward Lawrence standing by with their reporting. We begin market panel, carol roth and gary kaltbaum, kaltbaum Capital Management a fox news contributor. Let me start, gary, with the big rotation out of the big cap momentum stocks, particularly technology, the last three sessions i guess and it continued in a big way today. So where do you see all of this going . Well, look, the only thing more overdue than a correction in technology is if my knicks win the. [banba championshi
Continued spread. As some students attempt to return to campus. Colleges and universities in 37 states have been hit by coronavirus more than 25,000 cases and counting at the university of missouri more than 420 students have active cases. Officials at Utah State University say theyve discovered evidence of the virus in a different way in waste water samples collected from for residents halls on campus. Prompting mandatory testing in quarantine for students living there University Leaders in illinois say they are working to stay ahead of the Virus Testing everyone on campus often with testing that if twice a week everybody faculty staff of which actually a lot of asymptomatic areas just as doctor blix said in that in that age range. So we put them in what i like to think i was comfortable isolation, the need to be working with Public Health authorities where they can continue their studies and they have food and they have all the medical attention on daily bases and anybody whos be exp
Of our spots in the low 60s right now. Later today expect 70s 80s for most of the bay, to still to come. Back to you robin. All right, thank you john now, lets check in on traffic. Its definitely busier out there check out the line now at the bay bridge plaza. It was not like this just 15 minutes ago now we have a big backup spilling 80s slowly stretching out to west grand. So make sure you get out there early since we have more folks rolling in 14 minutes and growing from the bottom of the maze off to the fremont street exit, heres a little trouble spot on the peninsula. If you travel from the south bay heading to the peninsular towards San Francisco heads up for this overturn northbound one oh one at hillsdale still blocking one lane. So you see the traffic stacking up theyre approaching the scene and checking your drive on 5. 80 that looks good no problems for 6 ad the name its a tad bit slow 23 minutes from to 38 to 37. All right now to one of our big stories this morning. The styl
Subcommittee are able to participate in todays hearing. Members are reminded to keep their video function on at all times even when they are not recognized by the chair. Members are also reminded that they are responsible commuting and im getting themselves, and to mute themselves after they have finished speaking. Consistent with the regulations accompanying h. R. Rest 965, staff will fully mute members and witnesses as appropriate. When not recognize to avoid inadvertent background noise, like i am hearing now. Members are reminded that all forms relating to order and quorum apply to this remote hearing. This hearing is entitled the rent is still due americas renters, covid19 and an unprecedented eviction crisis. And i now recognize myself for minutes to give an opening statement. Welcome to all of you for our First Virtual hearing. During this very challenging and difficult time. Homeowners and land owners as Housing Market for whole. After ditching will focus our attention on how t