The formal application caps a period of speculation that this would be occurring. We are seeing pfizer in premarket rise nearly 2 , biontech down. 3 . Interesting to see how this is confirming what a lot of people have expected, but adding to the risk on feel that we are seeing in markets today. The sense we are going to move past this period that has been incredibly painful economically, as well as socially. Francine lets get the details from fan from sam fazeli from bloomberg intelligence. The news is out. How quickly can some of these clearances be given . Sam good morning, francine. Fdahe u. S. We have the meeting coming up on december 10. It is possible they move on that pretty quickly the next day or the day after. And then in europe, this is the combination of a process that started off sometime in early october where the companies have been filing their manufacturing , and there is no new data in the press release. So it is possible that we should get a European Response by bef
To the fog and hello to the sunshine again. Half moon bay, a cold start for you at 39 degrees livermore dublin in concord also in the 30s this morning bayside areas are more mild while the north bay or coldest santa rosa youre sitting right now at 30 degrees while napa at 34 get the picture, yeah got to bundle up as youre getting out there to kick off this descent december i guess youre dressing on a seasonable note though as it is december now and you want to dress up nice and cozy anyways. Weve had a few issues on roadways robins been very busy telling you about all of that that we do have fog out there will making an impact we have hot spots. Weve had multiple where we had right now the bay bridge. I just got word of a multi vehicle accident on the lower deck and the fog has rolled in on the bay bridge just like you said john so chp has issued a special dense fog advisory now. For the bay bridge. We dont have a camera on the lower deck, but just know that its very foggy across the s
And welcome to power lunch. Im melissa lee. Check out this rally right now all 11 sectors are in gree green. Taking a look at some of the stocks were watching. Salesforce is under pressure for the second day in a row, down about 7 in the last week as it gets set to report earnings after the bell and reportedly to make a deal. And we have exclusive data on how the bitcoin boom is boosting this payment stock first lets get over to bob for more on todays rally. Hey, bob hello, melissa. Good start to a traditionally good month we got talk about a new stimulus plan, janet yellen on the air and, overall, 11 sectors all on the up side. Bank stocks leading the way but technical stocks also. No dig selloff in tech that was also a november play there. Theres energy you have your value play with banks, energy up you have your growth play with tech, cyclical with industrials up and even more defensive groups, Consumer Staples on the up side as well. This is what i mean when i say the goldie locks
Compared to counties like los angeles were even Outdoor Dining has been shutdown. For example, Santa Clara County has 53 covid19 patient in the intensive care unit occupying about 10 of the county icu beds. It should not be a concern a. Reporter across california, more than 1500 Covid Patients are hospitalized and the icu accounting for more than 41 of covid beds. The total number of beds designated for Covid Patients can change. It sounds more alarming that it is. I am not saying we do not have a problem, obviously we have this type of denominator. The numbers we are looking at are bigger, compared to what the actual crisis is. We do know that we can bring on additional heads. Not infinitely but many more than we have today because of our efforts to plan around the surge. We have spaces identified in certain facilities to be brought on. Right now i think the Health System is doing very well. They may have Hospitals Trust more than others. Reporter we saw the spike in hospitalizations
Now 3 San Francisco mayor london breed warning the city is preparing to announce new restrictions this week as coronavirus spreads rampantly thank you for joining us here on kron 4 news at 3 im tahernia during a press conference this afternoon mayor london breed and doctor colfax saying restrictions could be issued as early as tomorrow. Kron fours dan kerman joins us live from San Francisco with the concerning details. Dan. Well thats right things have gone from bad to worse as far as covid is concern here in the city in the last 10 days hospitalizations have more than doubled cases are 4 times what they were a month ago during an online briefing today both the mayor and the Health Director said changes are coming and they could come as soon as tomorrow. We are now in the most dangerous period. So this pandemic we need to do everything we can stay ahead of our hospitals, not being overrun this is about saving lives, everything were asking you to do on the coming weeks and months is abo