We will discuss why the chipmaker chose now to release the information. And automation transportation. A selfdriving semi makes its first crosscountry freight run. We will hear from the company who performed this feat. But first to our top story. Stocks barely moved on the day as investors continue to wait for news on the potential december 15 tariffs. On the year, it is a different picture. Joining me to talk about this years big gains for stocks and tech in particular is abigail doolittle. The tech sector up 40 this year. S p up only 25 or so. Why are traders looking past all the tech macro headwinds . Abigail great question. Maybe climbing that wall of worry. Those gains are simply extraordinary. The s p 500 up only 25 . But it pales in comparison relative to tech, up 40 as you mentioned. Hardware doing especially well. Techs best sector since 2009. That was coming out of the financial crisis. At that point, stocks were on a bargainbasement sale. That is the kind of buying we are se
Dominate the top pay tier. We will discuss why the chipmaker chose now to release the information. And automation transportation. A selfdriving semi makes its first crosscountry freight run. We will hear from the company who performed this feet. But first to our top story. Stocks barely moved on the day as investors continue to wait for news on the potential december 15 tariffs. On the year, it is a different picture. Joining me to talk about this years big gains for stocks and tech in particular is abigail doolittle. The tech sector up 40 this year. S p up only 25 or so. Why are traders looking past all the tech macro headwinds . Abigail great question. Maybe climbing that wall of worry. Those gains are simply extraordinary. The s p 500 up only 25 . But it pales in comparison relative to tech, up 40 as you mentioned. Hardware doing especially well. Since 2009. Sector that was coming out of the financial crisis. At that point, stocks were on a bargainbasement sale. That is the kind of
Dropping below the s p 500 dividend yield which is crazy. You can make more money on the yield on the s p 500 than on the 30 year. Unfortunately the algorithms are utilizing global yields as the correlation to equities and that seems to happen from time to time. Remember prior to that it was the chinese currency any time that traded above a 7 Point Equities move lower. So youre looking at global yields and youre basically understanding that protectionism doesnt exist in global asset pricing. What do you mean . Thats exactly what is going on right now so the United States is blessed with technology. The United States is blessed with low energy. Zero versus the rest of the world. Correct but why is that becky . Because we are seen as the best economy globally and thats where i see protectionism doesnt exist in asset pricing the rest of the world is just driving capital here. So you can see bond yields coming down precipitously but still see it being something that doesnt drag the stock m
Cover that still remains with us. Radar is a whole lot quieter at this point, but dont let that fool you. We still got some misty spots out there and roadways are still wet. The sierra as well as the north coast. Thats where youre still hanging on to some light showers. The bay areas going to clear out surprisingly fast this morning. And as it does, were going to warm up here in a couple hours right now, though its 50s and 60s. So a nice cool. Misty morning getting you in that fall spirit before we do see shorts and tshirt weather again later on today with 70s and low 80s for your highs. Reyna. This is one of the first rains that weve had in a minute. So things are a little slick for sure, wet and slow. Certainly that is the name of the morning commute for everybody traveling this morning. And weve seen a few accidents out there. 22 minute ride traveling into the city, the bay bridge. Ive seen at least 2 accidents pop up and theyve quickly clear those off the bridge. 30 minute ride 80
Making a statement about Public Safety with a strike. We are live in oakland this hour. But first, a man is dead after being hit by a garbage truck in san jose overnight. The very latest on what happened. From the bay station. Youre watching kron. And news. Thanks for joining us here on kron. 4 news at noon. Im noelle bellow. Our top story today. A second pedestrian death in san jose in 24 hours. Time this time a garbage truck struck and killed a man around 3. 30 this morning. Kron fours will tran has the very latest. How anybody get hit. In a parking lot that still the mystery, especially since there wasnt a lot of traffic at 3 oclock in the morning. Right now, the garbage truck is still on the scene and were talking hours after the fatal accident. You can see police officers. They have taken to the air with their drones to look down at landscape to see exactly what went down at around 3 oclock in the morning. You can see thats the garbage truck that was involved in the fatal collisio