That would be a game changer. Bitcoins market cap is currently only 3. 1 the size of gold. As bitcoin and gold struggle between the risk off, is gone, copper is not hitting a sevenyear high. It looks a lot like that spike we see in early 2000 at the beginning of that chart, that is when china started commodities super cycles. Maybe there is some more longterm fundamental support from china. Lets get into the ring with todays top story. Opecplus agreeing to increase output starting in january, with monthly reviews to cf if more oil should be added. Alex longley joins us from london. What are the rules for the subsequent production hike . Alex there has been a fraud week of debate within opec. We have had the opecplus meeting. What we are hearing as they have agreed to hike production by 500,000 barrels a day in january, and will then have monthly reviews what they were at another 500 barrels a day to the market. That is doing the same, weve got a Strong Oil Market at the moment. But the
Were up, and then lifted nicely at the pfizer announcement, 1. 11, up 12. We are near dow 30,000. To me, the clarion idea is that the vix is peeling away the fear , the volatility that is out there come up with a vix at 22. 01. Jonathan wejonathan have been doing that since the election, and the move got a big boost of the pfizer news from last week. The final efficacy rating, and the number is decent. Lisa 95 , better than the initial read last week of 90 . S is the mark on brands this is the more comprehensive data. Of over 65, so preventing illness. An incredibly good display here. The interesting thing to me is that we are not seeing more of a reaction in markets. It is already baked in, and in fact, you are seeing bond yields a little lower on the day. They are just flirting with this idea that longterm, we are not changing the scenario, even with this incredibly good news. Equity futures are elevated on the s p 500. A big move in the equity market. We stayed elevated over the las
Welcome to squawk box. Im becky quick along with joe kernen and Andrew Ross Sorkin. Futures are indicated higher this morning, triple digit gains for the dow up by about 167 points but yesterday was a big down day for the markets. Dow was down by over 400 points, 1. 4 the s p and nasdaq done evz nasy even more. This morning s p indicated up by about 25 and nasdaq looks like it would open up by over 100 points fairly significant obviously everybody watching what will be happening with the stimulus talks with the deadline that nancy pelosi has said for later today. Lets take a look at the treasury markets ahead of that, you will see that the ten year looks like it is yielding 0. 777 so a little stronger yields for the treasury markets right now but andrew, obviously washington is where people are watching and that is exactly where well go because House Speaker nancy pelosi and Steve Mnuchin are saying that they are making progress in their latest stimulus talks with time running short of
Mid and upper 90s in inland extending payroll taxes. Nbc bay area political analyst areas. Lets talk about first the fog. Larry gerston is here to assess waking up to that in outer the president s actions and look sunset and around the coastline ahead to future steps. If through Half Moon Bay, santa cruz seeing some fog. What do you make of those moves . San jose, 62 degrees right now. Clear skies. Great conditions there. Theyre interesting. Give the president some credit and your hour by hour outlook. He tried to get this going. Now i want to show you through you have to give him credit for about 10 30 because up until that. What he did and whether it works 10 30 were still going to be pretty cool and comfortable, but are two different stories, two different questions. Notice what happens to those inland temperatures during the he wants to find ways to get 70s around 10 30. The valleys are going to warm people some money, so he offered really quickly by about 2 00, 400. Of the 400, 10
The chief justice and associate justices of the Supreme Court of the United States. All persons having business before the honorable Supreme Court of the United States or admonished to get their attention. We will hear the argument this morning takes 1946 the United States patent and Trademark Office versus booking. Com. Mr. Chief justice, and may i please the court, it is a principle of the trademark law no party can continue for a generic term like wine or green. The act confirmed the generic term is never entitled to trademark protection matter how much money and effort the user has poured into promoting the merchandise and what success it has achieved in the public identification. In other words, the meetings require distinctiveness and irrelevant to the generic terms. It is undisputed that its generic for the Reservation Service responding. Respondents could entirely register and the quick filed the addition of the designation like company or ca doesnt have a taxable mark. Thats b