Nasdaq up more than three quarters . The industrials also back on track today. Is there any reason for worry apart from the fact. I worry when i dont worry. I think because you change months doesnt really change the na narrative. There are pockets of the economy that are doing well and recovering housing, auto, parts, consumers, manufacturing. Did you see the numbers . The new orders jumped 5 the ism was the best number since november 2018. Manufacturing is recoverying i would argue is in a v recovery you have pocket of the economy that are not doing well. That are struggling. We have a million job in initial claims thats why i think youre going to see a fiscal package. You still have a lot of trouble in things happening with regards to travel and leisure and restaurants and that sort of thing. I do think that you get the fiscal package i dont think the change is in terms of my investments because as you recover, the economy recovers you get through the elections. I think profits recov
Speaker pelosi says its absolutely absurdly unconstitutional. What will they do . Go to court to stop people getting the money . Right before an election . Good luck with that. The president s playing political hardball. 84 days to the election and again, the money will flow. Investors like it, by the way. Looking at the futures, the dow industrials will open this morning with a gain of about 100 points. The s ps going to be up about four. The nasdaq, up about 13 as we speak. The president s playing political hardball with china as well and beijing is responding. Jimmy li, a leader of hong kongs democracy movement, has been arrested under the new security law and china has imposed sanctions on u. S. Senators, including marco rubio and ted cruz. Now, that is escalation. Dramatic change may be coming to a mall near you. Amazons in talks with americas largest mall operator, Simon Properties simon group properties, to use some Department Stores as fulfillment centers. Amazon gets cheap spa
Laura. Jim, one of those every now and then we get a day that is truly consequential and that certainly fits at least the expectations for powells speech. I wish that we hadnt come in so hot when you have a company that gains 50 billion in one day, salesforce, when you have a tremendous number of nasdaq stocks that have just kind of out of control to the upside you dont want to have anything that could disrupt that i think its heightened, im glad were covering every minute of t david, you know that this is a day that we would normally be talking about abbott labs and talking about the mysterious tiktok mayor issue which are both huge stories but we have to defer to jay powell. We do we have to defer to powell we have to continue to understand what the fed Balance Sheet will look like with that 3 trillion thats been added to it which is a staggering sum, guys jim, your point is well taken. Yesterday salesforce i have rarely seen anything like that move, yes, they were extraordinarily st
Democratic National Convention. Electing americas first black president s friend. Trevor the final night of the Democratic National convention gave air time to rising democratic politicians who hadnt made appearances yet, from pete buttigieg, to tammy duckworth, to keisha lance bottoms. Everyone got a chance to speak. They also made space for michael bloomberg, democratic sugar daddy and bruce wayne who never became batman. Bloomberg used his speech to continue his yearslong beef with donald trump, and then apparently, started a new beef with a fly. And some people wondered why bloomberg didnt swat the fly away, but in his defense, bloomberg has probably never even seen a fly. He only knows about richpeople insects, like junebugs and goldplated beetles. But you see, my friends, this is what happens when you remove steve bannon from the ecosphere. He stops eating flies, and they immediately get out of control. And if youre a fan of those quarantine reunion specials, where the stars of o
Sunday morning. The breeze hasnt really kicked in unless youre in chicago. Everything is pointing toward cooler for most. For many, it will come down with some breaks in the fog. There is a bigger fog bank than on sunday by a long shot. 50s and 60s are the temperatures. We are averaging on these temperatures today around 60s, 70s, and 80s. Livermore is down 8 degrees from sunday. We have a few things popping up. Are we better on those highways are getting worse . Some things are improving, but there are new crashes to tell you about. We will circle back to that crash on the westbound 80 at carlson and riyou can see the b lightning up there. South of here, there is a crash on 880 north of michigan and it is involving a motorcycle. An ambulance is on the way. There is a collision on the dumbarton bridge to be aware of. If you are coming in from tracy, a crash just east of grant line road. Once you get through there, things start to improve a little bit as you make your way through the al