States like pennsylvania which officials flatly reject. What the president needs to do is frankly put his big boy pants on the show acknowledge the fact that he lost and he needs to congratulate the winner. And unresolved election and a nation on edge 3 days after one of americas most divisive and knife edge president ial votes it appears that the democratic challenger joe biden is moving ahead of President Donald Trump in battleground states which will decide the final outcome biden is projected to have won 264 Electoral College votes trump passed 214 the number of course required is 270 bought a nice to win in only one of those undecided states to get over the finishing line. Lets start with pencil very near where biden is ahead trump by just over 16800 votes the remaining but mail in ballots are mostly from democratic leaning cities of philadelphia and pittsburgh biden is also leading in georgia by just over 4000. 00 votes in an unusually tight race but Officials Say they expect a r
No. Why now . That is a great question. Edd has been failing for years. We felt really good but we had some time to vent about some of the unlucky in this with injuries. It took a huge toll, and we just learned one star 49er is out for the season. Breaking news in vacaville right now, a brush fire has spread to the roof of an apartment building. This aerial video just coming into the newsroom, the fire broke out around 4 30 on beeler drive and marshall road. Crews say it jumped a canal and then hit that nearby apartment building. Firefighters were there to knock it down. They are now trying to get the rest of the brushfire completely surrounded. So far it appears no other structures are threatened. Also right now on the news at seven and streaming on cbsn bay area, looking alive at sacramento, tonight, the state is telling x hundred thousand people who have been waiting for months for their jobless benefits to wait even longer. Good evening, im ken bastida. Im elizabeth cook. Juliette
Show you this map and that shows the 3 different fires. Theyre calling them the glass fire because thats where it started up in napa county. Top righthand portion of your screen started with 20. Acres and quickly grew to 11,000 and you see those 2 fires burning on the lower part of the screen thats whats burning into eastern portions of santa rosa and that is where we find kron 4 Sarah Stinson for us this morning giving us a perspective. Of neighborhoods that have been ravaged by the flames overnight. So sarah again are you still in the sky hawk neighborhood. Theyre still in the sky hawk neighborhood above skyhawk park this time on son hawk drivein ive been telling you for the most part. They did a good job controlling the flames from burning all of these have found one home here that has burned not completely but it is to a total loss you can see smoke billowing from it and theyre making sure that any hot spots are put out all the speck here are this persons back yard next door was al
About 12 today. Another market master, ams evaluation 2 trillion for the first time ever. Tech was leading now 59 minutes left of the session and were essentially flat apple not flat. 2 trillion Company Coming up in just a few minutes, we will speak with White House National Economic Council director larry kudlow about the stimulus stalemate in washington the rising tensions with china and a whole lot more. Later rolling out the red carpet, ceo of amc theaters will be joining us with his companys plan to brink customers back to the movies its not going to cost you very much. Lets focus in on the big stories were watching in this final hour of trade. Bob pisani tracking the fed minutes. Joining us to discuss retail moves from pro forma starting with Broader Market weakening a bit off fed minutes. This doesnt happen very often. Usually fed minutes is not a market mover it was as wilf rentsched we lost points in the s p 500, thats noticeable given the fed doesnt move the market in the min
Michele. This is one of the most difficult things to accept, that this market does not have to reflect what is going on in this economy. Can you speak to that . Bob i can speak to that because im in the bond market and it is reflecting perfectly what is going on. We just printed 33 gdp. There is a giant hole that we think will take 10 years to fill the output gap that has been created. The fed is telling us for a long period of time they will keep rates at zero because they have to bring the cost of funding down across the system so that any kind of recovery takes hold. Slowly, Bond Investors are recognizing that, and that has emboldened them to move further up the curve both in terms of duration and lower in credit quality. Jonathan we have had conversations about market distortions. The equity market, Big Tech Companies dominating the benchmarks in the u. S. What is the cleanest trade in fixed income to play an economy that would take 10 years to fully recover . Bob there are two cle