Very windy. Its windy out there. Thats right, 5040s 50s and 60 in the city. That is for sure. I mean, thats an offshore breeze, lows. 40s and 50s here. The ish mainl digging into southern nevada. Arizona. We get an offshore breeze. Mount diablo, almost 60mph. Middle peak, thats mount tamalpais, north at 36. So its an offshore breeze, which means temps are up 70s. All right, here he is. Mr. Sal castaneda will say good morning. Hopefully its all right out there. You never know though. You never know. Youre right. But this morning were off to a do have a nice looking drive at the bay bridge. And the only thing that we worry about when t trees may come down. So far so good though. We see things are doing okay out there. You look at the east bay commute a lot of green thats good for this time of the san mateo bridge were off to a pretty good start. 401 lets get back to the headlines. Okay, sal. Thank you. Fill the seat of retiring Silicon Valley congresswoman anna eshoo, stillutoo close to
2 00 in our trading day on the east coast. Nasdaq composite leading the way again up 1. 6 . The s p 500 adding more than a percent. Dow jones industrial are the laggard but higher by half a percent and chip stocks helping to boost that. Nvidia now up 85 this year. Its added almost a trillion dollars in market cap in 2024 so far. Its only march 7th. Micron higher on the upgrade from stifel and intel gaining on reports its expected to receive 3. 5 billion from the government to develop advanced chips for the military. All about the chips. 900 a share. I mean. For nvidia. I remember when it was 700. Unbelievable. I remember back when it was 700 about two weeks ago. Gosh. Lets move on now and begin with the state of the union. The president is expected to propose, among other things, a 21 minimum tax on corporations and a quadrupling of the tax on corporate buybacks. Bob pisani joins us from the nyse and you followed buybacks for years and what would the impact of what the president is pro
Against what he called Extremists Undermining Democracy as George Galloway is re elected to parliament. The new mp for rochdale, George Galloway, tells newsnight that democracy has just happened, and that he was the winner. What is keir starmer doing wrong . I know that you are so sad about the result because i have been watching you on television, and all that i can say is, cry more and Labour Leader keir starmer apologises, claiming labour would have won with a formal candidate. Galloway only matter first because labour galloway only matter first because labour didnt stand a candidate. Galloway labour didnt stand a candidate. Galloway only won because. Weve assembled a friday night Political Panel to chew over the result and the reaction. Also tonight. The worlds richest man has effectively pitched himself against the worlds Biggest Company for the future of technology, and perhaps humanity. Stick with us and well explain, helped by an adviser to the un on al. And. Music the latest t
Small caps didnt do anything to begin the year but slowly starting to perk colate up. Our talk of the tape. You have the fed decision on wednesday. You have a very busy earnings season can anything should all the bears, if theres any left, should they go in to hibernation . Lets ask anastasia amoroso, icaps manager. Good to see you dow 11 days whats happened . I dont understand what changed from two weeks ago thats the point. The technical point is still constructive for stocks meaning if we stay around these levels well continue to trade above moving averages and all the key cta commodity adviser thresholds, so theres no reason to sell. Theres been a catalyst to sell. When i think about this week, you know, we go into just a monster week for Central Banks we have the fed, the doj, we have the ecb if the fed does deliver the last rate hike, thats the thing for stocks if big tech earnings deliver this week, thats again supportive for whats been driving this market all year long in this
Small caps didnt do anything to begin the year but slowly starting to perk colate up. Our talk of the tape. You have the fed decision on wednesday. You have a very busy earnings season can anything should all the bears, if theres any left, should they go in to hibernation . Lets ask anastasia amoroso, icaps manager. Good to see you dow 11 days whats happened . I dont understand what changed from two weeks ago thats the point. The technical point is still constructive for stocks meaning if we stay around these levels well continue to trade above moving averages and all the key cta commodity adviser thresholds, so theres no reason to sell. Theres been a catalyst to sell. When i think about this week, you know, we go into just a monster week for Central Banks we have the fed, the doj, we have the ecb if the fed does deliver the last rate hike, thats the thing for stocks if big tech earnings deliver this week, thats again supportive for whats been driving this market all year long in this