That was the trigger point i pointed out last year the tenyear yield was up 10 or 11 basis points and the stock market was down 3 that shows you there was a little catchup. I dont think tech is where we have to look at the epicenter. Its about can the economy handle rates its about consumer cyclicals giving up their advantage. If you look back to the beginning of the quarter when we were at 3. 8 on the tenyear treasury, were now up to 4. 5, the nasdaq 100 hasnt underperformed the rest of the market the rest of the market has also been suffering is under this pressure one of the reasons is, i think you have to differentiate. Microsoft, we know what theyre going to earn as far as the eye can see, roughly speaking. That gets discounted back when you worry about the yields its not a big swing factor in terms of valuations. Youre not just buying an annuity and comparing it to the yield. Youre buying a profit stream that can go way up or way down relative to expectations. Thats why Conferenc
Otherwise were doing okay, heres a quick look at the weather 4. Patchy morning fog and she can say and the temperatures will be fined, similar to yesterdays. It will be adjusted touch cooler. Tomorrow, will knock off a couple more degrees. We will cool the down as we head to the weekend. The temperatures are going to settle open the low 70s. We will talk more about next weeks forecast. Lets get over to the Traffic Center with erica. You can see that the traffic is continue to stack up and these delays are headed into the macarthur mayes. If youre going to the bridge, there is an accident was about 80 at pinole valley road. There is now much in the way of details available but i know two cars are currently involved. I will have a look at that accident and the rest of your commute coming up. Overnight, San Jose Police are investigating a deadly hit a run. It happened on seven trees boulevard and east capitol expressway. A car hit a killed a pedestrian. Kron4 will tran is live at the scen
Degrees. We will be slightly cooler but still it will be warmer, more details on the forecast coming up. Right now, the metering lights are on. Usually, that, of all around 6 15 a. M. There is a bigger back up to what we typically see. You can see traffic is starting to stack the on 880 over crossing. The stari will he details on the drive time coming up. No major accidents to report. San jose Police Officers investigating a deadly hit and run. It happened on seven trees boulevard and east capitol expressway. A car hit and killed a pedestrian. Kron 4s will tran is live on scene now with more. Will . New information to pass along, distracted seeing should clearly within the next 45 minutes. Officers are still here but now you are allowed to go west on one east capitol. People need to go down here to get home or took hop on monterey road. This was shut down about 2 00 a. M. And they just we open that up. This is good nils, but on the other side, you can see investigators are still here t
Now at 6. Smartcars flipped this morning on the kron 4 morning news. New signals bring new hope in the search for the missing malaysian airliner. Well tell you whats just been detected in the ocean. Hear from the 911 emergency dispatcher. Honored for the way he handled the Asiana Airlines crash at sfo. And your personal information under attack. The Internet Security flaw that will make you want to change all of your passwords. The kron 4 morning news starts right now. Good morning. It is wednesday, april 9th. Im james fletcher. Our top story more underwater signals have been detected. In the search for the missing Malaysia Airlines jetliner. Ships rigged with underwater search gear are investigating several deep sea acoustic signals. Which may be coming from the black box of the missing plane. Two signals were picked up yesterday. Crews hope theyre coming from the planes two data recorders. The search teams believe they are searching in the right area but still need to see wreckage be
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