Diamonds and Dogs
Microsoft (MSFT) and the S&P 500 are trading at new all-time highs. Microsoft is up 2% lifting the major averages after being awarded the $10 billion cloud-computing contract from the Defense Department. Microsoft beat out rivals Amazon and Oracle to modernize America's armed forces and maintain military's technological advantages.
No solution to the wildfires in California. Utility company, PG&E (PCG) is down 18% after falling 36% last week as the company will conduct its fourth massive blackout this month to keep its electricity lines from sparking any additional blazes. Almost 200,000 people were forced to evacuate the Sonoma County's famed wine country in the North while fast-spreading blazes in the South are prompting residents in the ritzy parts of Los Angeles to flee their homes including Lebron James.