Another chilly start and its clear. Were not seeing the patchy dense fog throughout the week so we are starting out with a clear commute for you but look at these numbers. In the east bay were in the upper 30s in the next hour and then well see our temperatures gradually warming up, a lot of sunshine and it will be a nice day, our highs reaching into the mid to upper 60s this afternoon. There are some things im concerned about in the forecast. Ill talk about that coming up in a few minutes. Vianey, how are you looking what are you seeing right now as you look at the commute . Well, as we start to get into that heavy traffic hour of the day which is near the 6 00 a. M. Hour, we are getting reports of a new crash along highway 17, right after the alma bridge. The slow lane is blocked because of a crash. Anytime there is a crash that is blocking any of the delays it can cause heavy delays. If that is part of your morning commute drive times coming up in a few minute. The governor warning
Even though the gains have been so big, up until now it doesnt mean you should bail out and not get in on the game. I do wonder, jon, especially if we dont get a fiscal support package, especially if we do get increased deterioration in the economic data, i do wonder if well see a change in sentiment. Jonathan what if we get more restrictions . California, the governor, mr. Newsome had this to say yesterday. If these trends continue well have to take much more dramatic, arguably drastic action. If hes implying they might have to have a shelter in place order like back in spring or a flavor version of that, how do we get through that if we dont have the fiscal hand down from d. C. . Thats the question going into december and 2021 . Lisa the markets have shrugged this off completely. The deterioration some of the High Frequency data. If you want to look at the v shape recovery check out manufacturing which brings us to what we are looking at today. U. S. Manufacturing data, construction,
Forward to our next adventure. Mr. Prident, i yield the floor. [applaus [applause] thank you, mr. President. Mr. President , i come to the floor today to pay tribute to this great wyoming leader. From nearly a quarter of a century, mike enzi has represented the people of wyoming in washington and hes done it with intelligence, with intensity, and with integrity. The cowboy state and capitol are going to sorely miss mike enzi. Hes truly cemented his legacy of the delegation. Its been a great honor and privilege for my wife bobby to serve the state of wyoming alongside mike and his wife diana with us today. Hes a truly a devoted family man as well as a man of great and deep faith. He thought sunday school over the decades and many in the Community Know that his First Sunday School teacher was my wifes mom. And they both passed away this year and married 70 years. She taught sunday school in the the thermmoplis, wyoming, and her star pupil was mike enzi and she gave him his first bible an
The last 24 hours. Tom what is interesting is the microanalysis of france or germany. Interesting conclusions. Heres what matters. Hospitalization capacity and the number of deaths is front and center for the pros. Jonathan and for market participants, desensitized by the numbers, conditions by the experience of earlier in spring. Markets that if that markets go up, and if they policymakers step in. Tom it is real simple here. Yes, all of that is true, but. Lso noted, a society adapting stimulus may be, the adoption of a set of vaccines, but also corporations adjusting to try to better 2021. Jonathan lets hope we get some better economic data. 8 30 eastern, jobless claims just around the corner. We got from 3m this morning. They are going to cut 3 of their staff, 2900 jobs. This comes amid the concern, how much can we see these terrible pandemic numbers without longerterm impact on that future outlook in 2021 . At 8 00 a. M. , we are getting the rest of the opec meeting on out cuts on
Banks, airlines all up while faangs are taking a bit of a break. If you ask me whats the best Case Scenario for the market to the end of the year, i would say this whole narrative about how its like the top five stocks driving the market, i would like to see that come to an end and Everything Else play catch up and start to participate and that is literally what weve seen take place. We had a breadth thrust a week and a half ago where almost every stock broke back above its 200 day. We now have more s p 500 components that are up on the year than down on the year for the First Time Since march i think alphabet is the most recent performer but the faangs are not part of this the whole narrative out of the window that this is index fund money and only microsoft driving this is gone now you have a broadbased rally, not based on nonsense, companies have rising earnings expectations, almost every sector weve even got performance at companies that six months ago you could have made a case to