It is official. The pandemic has triggered the steepest Economic Contraction in history, but markets in this final hour dont look nearly as bad as they did when the number for gdp q2 came out earlier. Right now, the dow is down 193 points but the low had been a loss of more than 500 points. Yes, we saw that the covid had created a stunning collapse in growth but nowhere at the moment where we see the nasdaq up 56, thats where we see some real strength. But the reaction is most prevalent in safe haven government treasuries. To the tenyear yield which moves, by the way, inversely to the bonds price, diving into a hole. We are at. 55 for the tenyear yield, as worried investors decide it is risk off. All right. So President Trump is making comments right now at the headquarters of the American Red Cross in washington, d. C. Lets listen in for a moment. These therapies transfuse powerful antibodies from the blood of recovered patients to help treat those battling the current infection that
Ambulances come to the scene to people to the hospital were not sure if those are the same people who ultimately died from the shooting. Right now they are still searching for suspects and a possible motive, but they have locked down this area. Its very very difficult to come and go we do know that is being mostly controlled but the Contra Costa County Sheriffs Department. Let me step out of the way and just show you the scene here you can see the police cars on the top of the hill, this is as close as im allowed for now to get to the location you can see it right there theyre still sitting more investigators here the one car backing into a driveway. So it looks like its going to be there for quite some time. We dont know what started the shooting if that people knew each other at all, but we did hear that it was a hollow wein party that started after 10 oclock and that possibly it was advertised on social media and a lot of people turned out. We dont have the names of anybody killed a
That today, we are here with ron baron at the baron onference we have a lot of things coming here the resort ceo will be joining us and hyatt ceo is going to be here these are three invesmentes of baron funds. Two of the three, baron already made over 1 billion on. Im not going to tell you which two. You have to stick around to find out. The other made several hundred Million Dollars already. We are going to talk about these issues when we sit down with ron, he talks about the broader markets, which he is very positive on them we are going get to that in a moment and we talk story stocks. Stories he sees from this bottom up investment that he does where he looks at things very, very closely, he and analysts we are going talk about the bargains they see along the way and the deals that are out there on the horizon hes sitting out there with us we are going get to him in a moment guys, its coming up in a few minutes. He did not invest 100 billion dlar to make a billion. He is far less th
Folks in some parts of the bay area. They may linger throughout the day, but it should be a nice day. Very pretty shot. Lots of people on the bridge for this time of the morning. People getting a good start. Welcome. We appreciate you starting with us. It is sunday, december 6th. Im alex savage in today for ross. We talked about it. The wet weather, some folks thought this morning. Rosemary tracking all of it. How much longer might we see rain today . Its fun to taper off. Not seeing a whole lot as you mentioned a few scattered showers. Moving in early on as expected over portions of the north bay. Thats where we saw the brunt of the rainfall. Santa rosa picking up almost a half inch. The further south would go, those amounts are definitely on the decrease. A live look at a wetlands, we will continue with scattered showers for the Morning Hours. Friday afternoon breaking away to mostly cloudy skies. Into areas of the south bay, san jose, youre likely to do be mostly cloudy with maybe a
The markets posting their biggest selloff since november 7th. The major indices all down more than a percent this week. Its a big day for ipos led by hilton and aeromark. We have the ceos after trading begins. Facebook, shares up on news the ipo will join the s p 500. Lululemon lower on weaker guidance. The day after the dow closed down, the worst day since september. Retail sales showed an uptick in november. Next week all eyes will be on the fed meeting as investors watch for the potential taper from the federal reserve. Maybe decks are cleared for a taper or at least a serious discussion for one, why not take your gains for the year. Is thats whats happening . We had the largest order in balance weve had ever. If you take a look to sell, if you look at when the market broke down, its look, i can shoe horn anything. I can say thats because of taper, i can say thats because of the budget deal. How about this because of the possibility that there are lots of funds that are locking in.