The system . Michael no. He repeated that comment today as his parts of efforts to Tell Congress they need to do more in terms of lending programs, more in terms of fiscal support. Strategy oferall letting inflation run hot or is designed over the longterm to try to help by not cutting off credit to the economy when it starts to reach the lower levels , when Economic Growth starts to help the people he was talking about, which is what they did in the last expansion. Where theill take a long tipecd first 300 billion 300 Million Dollars will go. Andlked with their chairman ceo, brian moynihan, about that program. We have a billion dollars across 1 billion across those programs. One is entrepreneurship, one is educations and job creation, and another is health. You have the healthcare crisis, which affected these communities more than other communities, and that has been statistically proven. We have been doing a lot. Recently, we announced 25 million would go in nearterm health and issue
A powerful message and we cannot under plead and we should not underestimate. How much ground it will. Look he was not mentioned today by name was mentioned. In in in. Tangential fashion. So Mohammed Bin Salman as we know as not been indicted is not part of the indictment. I have not spoken we support secure so i do not know the reason as to why he was not indicted is it because of immunity as requires the head of state are easy because they did not have enough evidence pointing to his responsibilities i wish to remind us all that so far the one country that has claimed to have the evidence about more mid bensalem. Responsibility is the United States it please the cia and so far the process. Undertaken by the American Congress to get to the bottom of the information has been hampered who. By the white house but there is a lot of information that teal that still has not been made available and public. There are elections coming up in november so maybe we will be able if there is a chang
Running last night . How did you guess . We had a fan in our room and the boys his room, and it was still too hot. Well Steve Paulson is here with what we can expect today. Hang in there for one more day, gasia. We have a bit of fog on the coast, emphasis on a little bit. Theres just not a lot, but there is some, so we might be cooler by the coast. 50s, 60s, livermore, 62, plus 5 livermore, santa rosa, also 4. So today will be warm to high, but by tomorrow, temperatures will start to cool down, we could have a good 20, 25 degree drop. We have 70s, 80s, also 90s. Over to sal now and an update on traffic going on out there. Anything you would like to start with sir . The east bay usually, steve, because that is where all the slow traffic is, the east bay and the bay bridge, of course. That is one of the places where we do see a lot of slow traffic, and we have also seen more congestion on a 80 in oakland. But really it is the bay bridge, i dont think i showed it enough. If you are lookin
Coming off a fiveday win. A lot of the stocks in the nasdaq are for companies that do better in covid era. Remember, weve got many, many institutions with 80 to 95 of people working home. They require a gigantic change in the supply chain of work. And the supply chain of work is just generated a remarkable new wave of the cloud, of hardware, of software, and the companies that are really rallying for the most part are companies that do fabulously when you have to create new factories the factory is in the home theres a look at steve mnuchin. Well talk to him in a few moments. A lot over the weekend, whether it was mnuchin, kashkari, prepping us for the idea that the worst of the impact is still to come, even after that jobs number on friday which we didnt have you with us to discuss. Here we are i wanted one thing to be normal in my life Everything Else has changed like so many of us. I questioned the notion that this month will be worse we are hearing too many people who are reopening
This years no different while the averages got hit and dow dipped 120, and the nasdaq only slipping three basis points, in fact, the nasdaq, though, is up more than a percent for the year while the other averages are barely positive and the tech part of the index which is what im focusing on tonight is pretty much on fire yep, today we saw remarkable moves and all sorts of tech stocks after analyst after analyst issued bullish recommendations that reverberated throughout the whole sector pit action this is a special time when the analysts survey their universe and make predictions so far the predictions have been positive as they pretty much are every year but why not theres plenty to like better than expected quarter from a company that you probably never heard of called microchip bolsters a host of semiconductor stock, Analog Devices with a big upgrade. Both of those companies are seeing Strong Demand you always have to buy these stocks coming off the bottom thats what ive been telli