Plus, what investors and consumers like you need to know. Power lunch right now. Well, well, well an historic milestone once again for the dow. Its been a while, but now we are above 27,000 first time at that level on the back of 150pluspoint run the s p and nasdaq, they have turned negative, but the s p once again dealing above 3,000 briefly. United health, a major catalyst, accounting for roughly 80 points of the dow gains the stock having its best day since october 2017 weve got more on this well tell you the whys, where fors, and whether to buys coming up rates are spiking. Yields on the benchmark tenyear treasury note jumping this hour, just 2. 21 that, kelly, is quite a move and well keep a close eye on it tyler, thanks. Those old records do keep getting broken we have turned a lot lower in the past hour. Bob pisani is here to explain it all. Bob . Well, just on that note, just let me show you interest rateciti stocrate ratesensitive stocks. It was a disappointing bond auction. T
Including sfo, hayward, also oakland airport. Higher clouds cleared off. The High Pressure system is exit stage right. And thats allowing the door to open up to the cooler breeze. And the fog came screaming back. It was very shallow yesterday. But its now in place. And also lifted so the base is pretty high as well. Thats going to allow temperatures to cool off probably for the next two or three days. So 50s, 60s and 70s, now 80s, unless youre really far inland, you might get some soft, soft 90s. Heres sal. And you cooled off at your castle yesterday, did you not. I did. It was nice. Opened the windows and doors. And cool air is actually out there. So thank you. Lets go out and take a look at the altamonte pass. Westbound 205. Maybe a little ic there. But nothing major as you drive through the area. And the commute continues to look pretty good as you drive through. There have been no major issues, getting in there. So i want to mention that traffic is also going to be okay. Pleasanton
Noticeably cooler. For some yesterday, it was still hot. There were 90s and 100s. For others, the city checked in at 79. But its way down now on the temps. The wind is up. Delta wind is up as well. Gusts to 33 mys per hour at travis, san jose. 81. Concord 100 yesterday. 87 in the city. From 79 to 64. And nap a85 to 78. A little you can see that right there. Thats a jet stream kind of taking a little noticeable dip there. Onshore breeze. 50s for most, instead of 60s. Even around the bay. City at 57. Not 74 like it was yesterday at this crime. Thats a huge drop. Berkeley lab in the oakland his. And 54, tiburon. If you were waiting for the cool. Its back. You dont have to worry about it now. If anything, i think its going to get even cooler. 50s, 60s, 70s, 80s now well inland. 5 02. Ace train, right . Yeah. No ace train this morning. You heard me right. No Ace Train Service this morning. If you watch early this morning, and you are saying, what does that mean for my commute . It is going
president. 19 days to go to election day. welcome back as america reports rolls into a second hour. i m sandra smith in new york, and i point that out, because he does not typically wear a suit. john: i bet it s a hoodie suit. i m john roberts in washington. 19 days until americans decide whether the democratic agenda in washington is working, 19 days for closing arguments and one from the white house chief of staff. first of all, we have done things to bring prices down. passed the inflation reduction act and when you look at where the economy was when we got here, 8% unemployment. we brought that down to the lowest unemployment rate in 50 years. we are putting americans back to work. businesses are open that were closed two years ago, schools are open that were closed two years ago. the president is fighting to bring down prices of everyday things like prescription drugs, gasoline, and i think that s our message to voters at this very tough time. sandra: at this ver
And the nasdaq tumbled 1. 05 , you need to understand this is a redistribution its not a bet on the future, its a wager that some earnings estimates are going higher while others just stay the same and judging by the intraday reversal, investors are starting to realize that we may be a little too enthusiastic about stocks in general. Even if some do deserve to be higher because of changes that are going to be made to taxes in this country today truly brought a bifurcation in stocks. The action was 100 about tax reform Domestic Companies get a big cut while more internationallyoriented Companies Like most of tech see much less of a benefit sure they can repatriate capital from overseas at a better rate, but the real benefits here are for the purely domestic players. Its Like Congress has waved the magic and with and every cable company, railroad, retailer, restaurant as well as a smattering of industrials that have great u. S. Exposure and that has radically raised earnings for 2018. No