Welcome, everyone, the kboel im sara eisen, here with wilfred frost. Pfizer says its covid19 vaccine candidate developed with biointech is more than 90 effective in preventing covid19 in a phase three study the cow and s p 500 hitting record highs in todays session, this after strong gains last week as well as the Election Results come into sharp focus. Seeing down sectors like airlines, cruises, banks, and energy are seeing outsized returns today on the vaccine news while the stayathome winners like zoom, peloton, and amazon are coming back to earth. Nasdaq is actually negative with this more than 1,200 point rally on the dow 59 minutes left to go on a historic day on wall street. Nasdaq hovering around the flat line. Big gains for the dow. Coming up on the show, a massive guests line ups. We will discuss the vaccine, the election, what it all means for your money with huge names nelson peltser will weigh in with his thoughts on what the market is doing as we speak. The chamber of com
We are down across the board these would be losses for the week that will end four weeks of gain weve seen up to this point. Does this count as the first week of 2020, even though it is only two days . We could look at the fiveday thing and if it is up, we could say that is the first week this is up as we see crude oil prices jumping we see that wti is up 4. 1 the gain to 63. 72 a barrel ice brent up by 4. 3 Natural Gas Prices up. Crude is the real focus as tensions are on the rise in the middle east. The market is up 30 from last year that is a place for people to look this year as for gains. We are moving crude from 60. We are not moving from 62 but based on the tensions rising you think about the heighten tensions and what this will mean for the potential repercussions in the middle east the idea of additional strikes of any ships going through the straits of hormuz, people will be watching that closely theyve been blessing with the Oil Production for months. We always look forward
We just met with china. We are doing very well im meeting with the vice premier at the white house i think it is going really well. Sap shares surge. Coceo tells cnbc mcdermott believes now is time for change at the top other than thinking about handing over the reigns and going through transition in the beginning of the year, he felt now is the appropriate time to come out we had a great strong quarter. Hugo boss cuts its out look for the second time. Puwlicis is also at its lowest since july 2012. A warm welcome to street signs. Lets kick off with a fresh report from the iea. They have reduced their Oil Demand Estimates for 2019 and 2020 to 100,000 barrels to 1 Million Barrels a day and 1. 2 respectively they lowered these to reflect weaker demand. They also noted that demand for opec they see falling in 2020. Also comments on supply there. Nonopec supply led by iran, brazil and norway to rise to 2. 2 million. Interesting that they continue to see a ramp upcoming out of nonopec count
asking the supreme court to fast track a decision on whether the former president should even face trial for january 6th and the supreme court has already responded. also in the documents case, new revelations about what the former president and his associates have been saying to a former employee and potential witness. and later, today s life changing decision by the texas woman caught between the state s strict abortion laws and a pregnancy almost certain to end in the death of her child. that and the court ruling on it just moments ago. we begin tonight with the breaking news. just hours after special counsel jack smith asked the supreme court to take up the question of whether the former president is immune from prosecution in the election subversion case, the court responded. though it s only the court s initial move, it is the speedy first step toward a historic decision, with echos of another landmark case involving the president and the law nearly 50 years ago.
We have everything today. Some snow, some drizzle. Feels like fog outside. Outside for us this morning, we got 50s and misty skies along the coast mountaintops. Cool temperatures today. Mid 70s inland, mid 60s near San Francisco. Highway 17 commute could be looking at drizzle. Check out to the sierra area, white on the radar above 9,000 feet. Snowshowers and sun showers, something to consider for your sierra commute. Ill check ton sierra commute. But i did want to tell folks about something going on in the south bay. A full closure right here at 880. You cant use the typical connectors. Good news is, a really cool flyover, the hov flyover that takes you to a separate roadway. Thats a reason to get up on the road at 4 30 in the morning. Thats the only reason. Back to you. For breaking news we have. New this morning, rattled nerves, a 3. 5 earthquake shaking parts of the earthquake. The epicenter near piedmont. I live about ten minutes or so from that area. I felt that shake momentarily.