Mother nature will supply it today. Ac kicked on yesterday. That is rare for my place in april, that is for sure. We do have a combination of low clouds and high clouds that are marching over us right now. That is leading to a big trend in the cooler air yas. Temperatures 50s and i dont think they will budge any. Just about everyone has cloudy to mostly cloudy. When you have a change like this, it can go 15 to 25 degrees. I went 10. I have seen this a couple times. The onshore wind is in place. A series of systems move in and cold Ocean Temperatures translates into a much cooler pattern. Some locations it will go below average. Some by the weekend. The cooling has begun. Well, the bay bridge went from not moving at all to now moving. Yes. It is moving again, steve. Lets look at what we have here. Traffic is going to be moving better here at the toll plaza. In fact, i can show you the toll plaza area here and it is a little better than it was. There is still a backup. Where did this bac
To get into longterm investments and later on, a staggering stat that youve got to hear around netflix that stock continues to be bought as we all binge watch tv. We are going to get to all of that, but weve got to get to breaking news that is important on the virus, and it is also moving the market after hours. Gilead sciences shares they are surging on some very promising drug news. Lets get right now to meg tirrell with more on this big story. Meg . Hi, brian this is breaking news from stat news basically, they got a glimpse from one of the hospitals thats running remdesivir at the university of chicago. Essentially what they saw in video communication with the faculty members there is on the report of the Clinical Trial it sounds like the patients according to them are making rapid recoveries at least in terms of their fever and respiratory symptoms and reported nearly all patients discharged in less than a week this is not controlled Clinical Trial data and we expect to see the fi
A slight rebound in oil. A pretty significant rebound in copper. The treasurycross curve. Had two backtoback be a equities sitive it will be interesting to see what the sentiment is when we come into work in the morning on wednesday. Still with us, scott rendon. Cohosts joey weisenthal and scarlet fu. Appetitealk about risk , when you look across the globe and you may be look at emerging markets, do you see anything attractive given how far we have seen the dollar move higher and the issues in funding markets . Think there will be some problems. We are also underweight developed International Markets and u. S. Small caps. Right now, we are very focused on u. S. Large caps, u. S. Midcaps. While our targets show positive returns for all of those asset classes, far and away the two best opportunities, at least in capspinion, our u. S. Large and midcaps. We do not want to get overly aggressive in these International Markets. Right now, we are underweight those markets. Well, i did not hear
To go around to sate the buyers. So the positives get magnified and the negatives get ignored. That happened again today. The dow dipped 13 points, s p advanced, nasdaq gained. 29 , nice move. First, lets understand, this market is largely driven not by stock pickers but by index funds. That index fund money comes in automatically everyday billions of dollars placed in equities will move equities higher why does this send stocks up so much the for starters, directional. That money tends not to be traded it soaks up supply quite easily. Remember, the stock market is a function of supply and demand. Before the index phenomenon which didnt exist in the 80s and 90s, mutual funds and hedge funds would be selling as well as buying. They still do. But the amount of index money coming in, chiefly for retirement, far outweighs the amounts that are traded. It overwhelms them dont get me wrong, index funds are the right choice for you if youre putting money away for retirement, you shouldnt try t
What happens if regular investors actually begin to buy individual stocks again . Its something we need to consider as the averages hit still one more alltime high records. Down gaining 66 points, s p advancing. 45 , nasdaq climbing. 64 . Another ton of statistics showing an almost inexorible decline in the interest in the stock market as a whole. There are entire outfits that exist to scare you out of picking stocks, telling you that its a fools game because of the dreaded singlestock risk. They say youre worried that you could buy a total loser and it would destroy your nest egg, which is why theyre so eager to sell you this night etf that will sell you the both winners and loser. But theres something afoot now, after nine straight sessions where the nasdaq has rallied a total of 4. 7 , theres something going on, at least anecdotally these days when im stopped on the street by random passersby, im beginning to get actual questions about lots of individual stocks again. Not hows the m