As the action ultimately turned negative today down. S p declining. 80 and believe it tech and 234nasdaq plunging 1. 6. This month the market is led by the covid winners, the names that do fine when the economy is frozen those are not the stocks that lead us higher when times are good but as we saw today, covid plays could lead lower when the economy is improving are we finally emerging from the trough lets consider the case here first, you need to know. Were in a dangerous place its dangerous to be where we are because you can never tell if the economy is really at an Inflection Point until after and even if it is, covid stocks make up the average and drag down everything were now in the third day of this rotation with the Fastest Growing covid winners, industrials, travelers, retail these groups struggled to find their footing because they are covid losers but now in the morning today but the last two days, they are on fire i mean, did they give up the ghost at the end of the day . I
Jack ho. Markets under pressure, one of the lead stories in the joint venture nail thijournalthis mor. 62 points bother on the dow futures, s p down a 5 and nasdaq lower by 28 right now. Youve got the u. S. China trade, officials from both countries working toward a phone call this week as the chinese Vice President is taking a swipe at the u. S. , saying the world cannot shut out china. President trump commented on the negotiations yesterday. Watch this. Were doing very well with china. Thats right. Most importantly, were doing very well with the tariffs. Weve taken in billions and billions of dollars from china. Weve never taken in 10cents from china. Right now, chaff i china is noty happy because thousands of companies are leaving china and theyre going to other places, including the United States. Because they dont want to pay tariffs. Maria joe biden weighed in on the trade talks, speaking in South Carolina yesterday. The former Vice President acknowledged china is a problem but s
Ever so slightly, he can see the dow up 12, the s p downtown, the nasdaq down two tenths, Global Growth underway as chinas property evergreen files bankruptcy protection in a manhattan courtroom, shares of chinese cavities are feeling the heat seen declines across the board ecommerce giant ali baba njd. Com among those moving much slower today as well as ev maker nio, kneel down down 7 , at this hour next friday we will get a better sense of what the fed is thinking as fed chair jay powell will be speaking at the jackson hole central bankers conference a week from today. Many are hoping to glean more information on the fed forward and whether or not they will keep the rates higher for longer. That is the fear. In a rare move Cybersecurity Firm Palo Alto Networks is reporting after the close of markets today, the stock is up 1 , could a friday afternoon Earnings Report be an omnibus sign for palo alto yet market, there has been a lot of speculation we will find out soon enough lets get
Us whats happening for this mornings commute so far. Good morning, kari. When my maps are green, it typically means commuters are slightly happier than when theyre in traffic. Thats because were not showing any major slowing on the roads. From the north bay, the south bay, the east bay, towards rah San Francisco, not a lot going on in terms of backups. I do want to give you some drive times really quick so we can see how your Early Morning commute is looking as far as bridge drive times. Seeing westbound 80 bay bridge at about nine minutes. Westbound san mateo bridge, 14minute commute, not too bad. South bay drive times, northbound 101 from highway 85 at about 19 minutes. Northbound 280 to highway 85, sevenminute commute. Northbound 85 towards highway 101 about 20 minutes. Right now, pretty smooth on the roads. Here is a look right now at headlights and backup lights. We havent seen a lot of that this morning. Looks like people are finally starting to hit the roads and make their way t
Us whats happening for this mornings commute so far. Good morning, kari. When my maps are green, it typically means commuters are slightly happier than when theyre in traffic. Thats because were not showing any major slowing on the roads. From the north bay, the south bay, the east bay, towards rah San Francisco, not a lot going on in terms of backups. I do want to give you some drive times really quick so we can see how your Early Morning commute is looking as far as bridge drive times. Seeing westbound 80 bay bridge at about nine minutes. Westbound san mateo bridge, 14minute commute, not too bad. South bay drive times, northbound 101 from highway 85 at about 19 minutes. Northbound 280 to highway 85, sevenminute commute. Northbound 85 towards highway 101 about 20 minutes. Right now, pretty smooth on the roads. Here is a look right now at headlights and backup lights. We havent seen a lot of that this morning. Looks like people are finally starting to hit the roads and make their way t