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Stimulus bill. What happens if washington lets us down again and millions of people, especially in the hospitality industry, find themselves struggling to put food on the table . Does that mean we should use a day like today where the averages went up dow gained 122 points. S p climbed 0. 80 to sell everything into strength not so fast. Like i say every night at the end of the show, there is always a bull market somewhere, and even without a stimulus package, weve got a whole bunch of them that should do just fine as a matter of fact, theres a lost of breadth here first, the relentless bull market in housing. You can think tall brothers, dr horton, these companies are huge kinc covid winners. When youre stuck working from home, your housing priorities change who wants to live in a tiny apartment in the city to save time on your commute when you have no commute. This is the zoom economy, people you might as well move to the suburbs or the country where you can have more room thats why t ....
Perfect sense. But then there are days like today when i cant take how stupidly bullish this market can be the dow gaining 164 points nasdaq climbing 0. 35 . You often hear people saying that the whole things been manipulated. Its a desperate Federal Reserve and its a scared powell and its President Trump winning the election no, the feds just doing its job. And if the white house wanted to juice the stock market, dont you think they already wouldve cut a deal with the democrats on the next round of stimulus see, there is a much simpler explanation. I call it clueless buying. I always say you should never underestimate the wall street promotion machine. But never underestimate the power of enthusiastic buyers who do not know what theyre doing they know nothing some people accuse me of taking the thing too far. They say im not willing to call people out for being morons that ....
The month higher for all three major averages. Again, we should say. But apple today not keeping investors away. The iphone giants earnings crushed it during the covid quarter. Apple hitting a new record high briefly, becoming the worlds Biggest Company after its stock split. We have a full recap of the tech titans earnings parade. It was Something Else. And one of the most widely followed economists on the planet is here to put this wacky final week of july into perspective. Mohammed elerian on the record evaporation of Second Quarter growth, what that means going forward. Plus, the Online Shopping boom creating another covid winner. Overstocks ceo Jonathan Johnson on his companys pandemic sales and nearly ....
The city with 50s and low 60s yesterday. 5357 at livermore and san jose. Today upper 70s and low 80s. After today, we settle in about where these temperatures in the. The south wind at Oakland Airport. Fair followed fairfield a 26 miles per hour. A pretty good fog bank and i dont think it is going anywhere anytime soon. Temperatures will be low and probably will be for the next few days. Now lets go over to allie. Where would you like to start . We are going to start with the problem spot for much of the morning, i should say. The earlier crashes have been cleared out of the way, but you can see traffic has cleared northbound and southbound 600 80. Looking at the south bay commute, things look good and i can show you this live picture of 280 in san jose northbound and southbound, no problems to tell you about here. This is the san mateo bridge which is busy in the westbound direction over to the peninsula. The bay bridge toll pla ....