Studios, this is kpix 5 news. Now on kpix 5 we are looking live from our sails force tower camera as we look out at point towerment good morning, everyone. It is monday, june 22nd. Good morning to you. Hope you had a wonderful weekend. Lets start off with a shot at the forecast this morning. Good morning. Good morning. Happy to be here with you guys filling in for mary today taking monday off. We have a classic summer set up. 30 degrees warmer inland than the coast. Starting out with low grade clouds for the entire part of the bay area right in and around the immediate bay. Theres not that big of a difference. Going at 93 today concord. 91 livermore. Ill show you how the marine layer burns off. For now, back to you. Breaking news this morning, two dead and seven hurt after a mass shooting in charlotte, north carolina. Police say hundreds of people have been gathered since friday celebrating juneteenth. They arrived when shots were fired. People started running and driving away. Five mo
Points 24,148 s p 500 is trying to get to 29 in it own right. There is the nasdaq. Its up better than 2 its pushing the door now on 8900 its about 100 points or so away from going positive for the year steph, youll get first crack at this today because you own alphabet and amazon and facebook and apple and microsoft. We have a 2 gain for the nasdaq this move has been nothing short of remarkable. It really has when you look at top names in the nasdaq, its not really a surprise they would hold up so well in challenging environment. These companies are the definition of quality. Remember the last three month, youre sick and tired of talking about a basket of quality, own a basket of cyclicals. These are the quality names. Why they are quality is because they have very strong Balance Sheets they do, if they have a dividend they are well covered. They is great market share excellent leadership good Free Cash Flow and these are the covid19 names all of these companies are participating in on
Down for a fourth straight quarter and the stock down 10 well talk to brian grazer plus, ipads, keyboards, maybe cars well look at the trades from here. And dow being hurt by disney, wouldnt it . Im here. I want to wish you a welcome back, because we have missed you. To her point about specifically whats going on with that trade for the dow, if you look at disney shares, but for disney we would be up about 100 points on the dow. Were currently up about 5 the s p 500 is trying to get back to that 5200 level. Solidly above the 50day average price on a rolling basis at these levels for the s p were about 1. 5 away from record highs and 5 away from the lows we saw back in april. Thats a pretty strong move. The nasdaq up about. 25 generally speaking over the shorter term, weve seen yields drifting lower the twoyear note yield is at 4. 81 . The tenyear at 4. 43 . Crude prices up. 5 . Gold trades off a little bit and bitcoin sits at 63,574 check out some of these names. Amazon is one that we
Name . Well tell you which one. The action begins right now. That doubles every day, particularly bad. Biotech stocks posted their best in more than a month. The biotech, the ibb rallying more than 3 this week. It comes as the group lacked to the broader nasdaq 100. So is biotech finally playing catch up to the market . Should you buy in . Yeah, well, i definitely think so. Look, we did see some bullish activity in the biotech etf earlier this week. Looking for a 15 gain in there. Probably by about september. There are a lot of reasons why you might think there is room for a rally. For one thing, some of the political headwinds that were the talk of the town. We havent we heard as much lately. These are actually kind of rare these days, cheap stocks, if you look at them on a trailing earnings basis, a lot are trading barely in the double digits. If you look at an area that has seen consistent revenue and earnings growth, this is one of the places to look. Its a good weekend to talk abo
Cut in one big oil name. Well tell you which one. The action begins right now. That doubles every day, particularly bad. Biotech stocks posted their best in more than a month. The biotech etf, the ibb rallying more than 3 this week. It comes as the group lagged to the broader nasdaq 100. So is biotech finally playing catch up to the market . Should you buy in . Mike . Yeah, well, i definitely think so. Look, we did see some bullish activity in the biotech etf earlier this week. Looking for a 15 gain in there. Probably by about september. There are a lot of reasons why you might think there is room for a rally. For one thing, some of the political headwinds that were the talk of the town. We havent we heard as much lately. These are actually kind of rare these days, cheap stocks, if you look at them on a trailing earnings basis, a lot are trading barely in the double digits. If you look at an area that has seen consistent revenue and earnings growth, this is one of the places to look. I