Volume of traffic and notice the low clouds in this shot that getting across the bridge the low clouds have hit the bridge there and the fog is an issue for the rich mamond san rafael bridge. All have fog advisory from chp and a possible crash near the toll plaza and well track that off the berkeley curve and dense fog through the trivalley a major issue for drivers. Back to you. All right, thank you very much, mike. So, lets check in with bob redell for more on the breaking news overnight. This is were talking about a third player just announcing some promising results with its vaccine this morning, bob. Correct, marcus and laura. Astrazeneca and the university of oxford announced their vaccine is safe and is triggering an immuno response in all adults. This is according to preliminary results from a phase two trial that was published in the medical journal. You have pfizer and biontech and they found they are 95 effective. That is higher than initial results suggested. The companys p
Not quite as thrilling after day as we had yesterday. Ashley connell it, would be hard to repeat. S p and nasdaq dropping because of a covid 19 vaccine fading a little bit. Investors pull out money from the tech companies, that benefited most from the pandemic. Look at the dow and s p and nasdaq down. I want to get tech stocks red across the screen. Microsoft, facebook, nvidia, Big Semiconductor conductor down 6 . Adobe systems down 4 . A lot of the stocks higher on the year but a victim of the rotation of money out of tech. If it is coming out of big tech where is it going . Lets take a look. Consumer defensive names. Companies likes walmart, costco, target, proctor gamble. There they all are. Weve gone from a red skeen to a green screen. Target, all the others also higher. Industrial stocks giving boost from a csx railroad gaining more than 3 as did ge, right around 3 . Raytheon up 4 1 2 . We should mention boeing, gaining more than, well, see in the final analysis 5. 2 . It was up m
And were awaiting comments on president elect jooe biden. And later, the biontech ceo will be here to discuss their groundbreaking results showing their vaccine with pfizer is more than 90 effective. Thanks, welcome once again to power lunch. I am john fort check out some of the tech heavyweights Apple Holding up after announcing its own line of chips for computers and names like amazon, facebook, microsoft all under pressure at this hour. And on the flip side, take a look at whats leading gains in the dow. Its walgreens up 8 , boeing up 5 for more on the divided market, lets go over to john pisani you hit it right. It is essentially out of growth and the rally in cyclicals value, not always the same thing but cyclicals and values are continuing. John mentioned walgreens theyre going to be an administrator of the covid shot. Walgreens and cvs moving thats a very specific story by bu si but cyclicals Like Aerospace boeing has been a huge mover in the last few days, 3m, oil stock is anot
Increase of 2 1 2 . There is some positive news. 20 deaths reported after five days in which they ranged from 64 to 87 per day. The total death toll is now more than 5500. Governor newsom gave a briefing and said hospital spaces were up 16 and those in need of intensive care up 11 . Ktvus tom vacar with more on the uptick of casings. Reporter were not a dispersed wave. Were not into the second wave. Were not out of the first wave. Since all this began as of june 20th, california has had almost 174,000 coronavirus pandemic cases up 450 okays, plus from the previous day. The largest increase since april. Those that suggest were out of the woods, those that suggest that somehow it is going to dis appear, these numbers tell a very, very different and sobering story. The cases are essentially balanced between male and female. 95,500 are in the 18 to 49 age group with all other anyone groups accounting for 78,000 cases. In all, 5500 californians have died with males dying more frequently tha
I included Newmont Mining because gold is nearing 1800 an ounce. Sovereign yields are also down. The german 30 year yield falling below zero again today. Airlines and Cruise Companies make up four of the five worst performers in the s p 500. That is the flipside of the move to safety. Big will have the carriers are burning through as much as 45 million daylight, which is still very weak. The flipside is the bid for stayathome stocks. Netflix and clorox making new record highs. Netflix extending its gain to six days. 2020, even2 in though it trades at 32 times earning as opposed to credit to 20 times for Consumer Staples Everyone Needs their clorox wipes. David you can never get enough clorox. Thanks to scarlet fu. Lets talk about the big rally President Trump plant in tulsa. The rally was saturday, but he had 6000 people in an arena set up for 19,000. They thought they would have overflow. They have the reverse. Lets bring in rick davis, our political contributor at bloomberg. They rea