Governor today. Liz . Reporter hi, larry and kristen. Yes, there was a lot of news at this briefing today. We did get an apology from the governor for attending that dinner party at french laundry. The only one that didnt is sonoma county. Thats because its already in the most restrictive one. With just over a week until thanksgiving, not great news from governor nufz. Covid19 cases in california have doubled in just the last ten days and on sunday the state reported over 10,000 cases for the First Time Since august. This is simply the fastest increase california has seen since the beginning of this pandemic. Reporter because of that newsom says the state is pulling the emergency brake. Today he announced 40 counties are moving backwards into a more restrictive tier. In the bay area, all counties are now in either red or purple. The most restrictive. Every age group, every demographic, racial, ethnic, in every part of the state we are seeing case rates increase and Positivity Rates inc
Strong gains and this morning you will see that there are green arrows once again, the dow indicated up by about 88, s p by about 9 1 2 and the nasdaq indicated up by 48 points if you watched what happened in the treasury markets, we did get a lot of fed speak and it sounds like there is a little bit of confusion. You can see the ten year note has ticked up a little bit, 0. 769 is the latest yield andrew and lets take a quick look at the dow transports, gaining another 2. 5 yesterday, also hitting a record high, the two as to beings to watch this morning, eli lilly and he regeneron both big winners on Covid Treatment hopes. And President Trump touting both of those in a video that he released over twitter late yesterday. Well tuck a lalk more about th. But also take a look at shares of tesla, new Street Research upgrading that Company Stock to a buy saying that to sees a decade of hyper growth ahead, this call makes the firm the second highest priced target on the street so in lead wit
Nasdaq hits an alltime high as a combined value tops the gdp of the worlds thirdbiggest annomy, cash trade is just hour away. Here are your top headlines from the bloomberg terminal. Trump says tiktok must close its u. S. Operations by sold. Ber 15 unless it is he insist any sale must include a substantial payment to the u. S. Government. Global equities trade makes after a tech surge sent the nasdaq to a record. Isn amid a positive u. S. Pronounce and hinge from trump as he could face executive action on fresh virus release. Results easing continues infineon. The buyer warrants that the pandemic has stunted demand for nonessential medicines. We wait on numbers and it looks like we are getting numbers from British Petroleum right now. Annmarie, what do you see . Annmarie the dividend to the oil make it maker is cut. This is the First Time Since the bp oil spill in 2010. A historic moment in some senses for the oil giant. , 5. 25. Quarter dividend 10. 5. Second quarter came in at 6. 6 1
Andrew ross sorkin with joe kernen becky is off again today a little in the red. The treasury yields and earnings that may have an impact on all of this. The 10year note, we are now below. 6 we are down to. 592 we can debate what that means for today. Discussing Market Recovery and earnings Kansas City Southern and United Airlines ceo and health and Human Services secretary you want to stay tuned to squauchl the nasdaq down pretty significantly. It was up two or three hundred. It was up and did you know and up and down. It was really crazy. You heard cramer talking about that it was truly crazy. Insanity. The didnt hold on to the big gains. I think it was down almost 300 when cooperating on that at the end of the day, well see. I heard it said, well, you gave him an out he could have been resting on his laurels by now saying i would at least nuance it so i could claim to have been right if we had extended here. Doesnt it feel extended here. If i were paulson. Fur trying to be right all
In the white house, continue they continue to push reopening. Stephen mnuchin says another shutdown is off the agenda. Like ait does look terrible set up when it comes to this final friday training session. The selloff looks to continue. In the u. S. , it was deep and heavy volumes as we saw that box provedy go really be wrong that came to a screeching halt. 2 trillion to write off the value of u. S. Equities in under seven hours time. The are seeing a rebound when it comes to u. S. Futures trading for the s p, seeing upside about. 5 . Chicago and nikkei futures looking positive. Still, we could see some downside in the session, particularly as we continue to see the yen, really the only outperform against the dollar. In sydney, no such luck. Futures plummeting by over 3 . We had aussie stocks falling the most in six weeks in the thursday session. We are seeing the correction extend to almost 4. 5 percent in the early part of this session as we see downside for the kiwi and the aussie