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Wineries and more citing rising covid19 numbers. Several other states are also slowing their plans to reopen. This is happening even as the economic destruction from the lockdowns has become more clear. The web site yelp carries reviews of restaurants and other Services Companies and reports that as of mid june, 140,000 of its listed businesses remain closed. But the biggest debate this week and perhaps the most important has been about opening schools in the fall, the two biggest districts in california los angeles and sand way ego have announced they will not be holding inperson instruction. Several other cities are looking at hybrid classes. And democratic new york governor Andrew CuomosEducation Plan comes with a lot of conditions. Were not going to use our children as guinea pigs. James but members of the medica ....
Dollar stores seem to be weathering the storm. On the barrons roundtable, ben, carlton and jack. Thanks for joining us, guys. Good to see jack howe back in the group. So, ben, every single week i say the same thing to you which is how much longer can tech stocks keep zooming ahead of the market. Finally this week i dont have to say that, they actually lagged this past week. They lagged and they lagged badly, down around a full percent. And the s p was up more than a percent. The gap between the two was actually the widest in any one week since 2016. Most of those, that difference calm on monday when the nasdaq actually rallied to what was looked like a new high only to pull back and finish down more than 2 . Those kind of reversals dont happen very often, and when they do, its often a signal that the nasdaq is going to underperform over the next three months or so. Jack so youve been talking for a while about cyclical rotation that you think thats going to thinks going to come one of t ....
Happening today, more businesses are now close in Santa Clara County. Some just reopened days ago, lets check in with kron fours reyna harvey who is live in Santa Clara County with an update this morning, robin you know when businesses first got word of this new round of closures a lot of them were completely caught off guard. I was talking to some of them at the beginning of this week and a lot of them have spent all this time trying to get everything open just to turn around and have to close things so they had to quickly jump into action like you mentioned a new round of closures including a barber shop behind me here salons along with churches and gyms now again on monday we saw a whole nother round of closures that spread throughout the state of california that included breweries movie theaters bars. Now this is all in compliance with governor newsoms order that ....
Abigail doolittle who has been over this story. Nasdaq another record high today. What are you hearing about sort of the strength that we saw into end of todays session . Its pretty amazing. We have another record high for nasdaq. Nasdaq 100, big tech stocks continuing to do well. Those are the stayathome stocks this years defense. Theres an odd tension that you have this years defense and new hitting record high after record high. Interesting,t earlier today, you had tech slightly lower. Bulle end of the day really rushed through supporting technology. Investors looking past virus numbers. Its not going to slow the that it hadhe way on the shutdown. Back in february when the virus was raging in china, that down, stocks here ignoring it. It feels we are ignoring some of fundamental data. Take a look at the moves that we have on the day. Wasnt just tech. Tech actually on the day a sector. Ower as financials up 3. 5 . Bit of a nice cyclical tilt s p 500 beings s p helped out by bond fall ....
The same still still waiting for the the ground, a warm 62, antioch 61 conquered and hayward 63 for opening up those 50s up to the north bay 59 by the way for san jose and still with this fog. Were ahead of where we were this time from yesterday little bit more pronounced up in the north bay, not too bad to oakland and San Francisco both 2 degrees ahead at this time. So noting that fog its calling it partly cloudy 04 00am by 11 will switch in the mostly sunny for most of the bay at 75. Here we go 87 going on by 2 but some folks in the inland regions, well be looking at temperatures reaching about 90 or so well get more into that forecast how were going to finish off the weakened a bit marty all right dave seen a couple minutes. Thank you. New this morning, the Berkeley City Council has approved a plan to and Traff ....