Investors are shrugging that off as stocks look to rally at the open. One name that may not rally is zoom. Shares of zoom are sinking yeah, in the premarket, work from home stock taking a hit from a rising free user base and increasing cloud costs and we have vaccine optimism, moderna and pfizer filing for emergency use and Vice President pence says vaccine rollout expected to begin in two weeks carl all right jim, i guess the question of the morning is whether that rotation, that worked historically well in the month of november, still applies. I think were running out of gas in terms of the oil and gas and focusing on exxon. Stock may not go down, giving the dividend, it says, look, were at wits end and the big Exploration Development period for exxon, market leader, u. S. Leader, is i think now over. We are following were following europe and japan and i think that we forget that you come in today, and you look for all sorts of reasons why were up and up strongly except we dont look
Oakland is going to reach up to 87 degrees. We will talk more about this coming up. Mike, how is that looking for the commute . Well, pretty good, kari, but i have to call out the east bay, because looking at the map, there is a green view of the sen source, but over here in freemont, northbound and 680 at the bend of washington and irving, showing the northbound slowing there with a crash perhaps caused by debris, and a larger boulder is reported in the roadways heading past washington and you can see the Speed Sensors changing. Meanwhile in the same area as usual, we have the westbound commute from 580 and highway 84. In the same area, marcus, i hand it back to you. All right. Staying on the breaking news for you, and this is the fires ripping through parts of the bay area, and in some cases coming dangerously close to homes, and prompting evacuation, and all of this is happening in the extreme degree temperatures, and talking about 100 degrees or higher in some place, and taking you
Amid consulate closures and arrests over spying allegations. Ray dalio warns the capital war could hit the dollar and gold source to a record high. Ryanair says its biggest fear is a second wave of the coronavirus as the Airline Reports a loss for Quarterly Earnings as the u. K. In forces a 14 day quarantine on travelers from spain. Plus, sap plans to spin off its Consumer Survey unit two years after buying the firm. It also beat Free Cash Flow forecast for the year. We are under an hour away from the start of the cash equity trading in europe and the picture, firmly risk on which might seem a little counterintuitive given we are seeing gold at record highs but this is the state of play. Euro stocks futures called 1 5 of a percent higher. Travel stocks could be active given the decision to impose a quarantine on travelers returning from spain amid increasing concerns of a second wave in the country. Ftse futures called higher by a similar margin and s p 500 mini futures in the u. S. ,
They started at 3 at the beginning of the year. Anybody looking for rates to go straight up has been completely confounded by this. A lot of different guesses as to why you would see the bond market still in a situation with the tenyear, below 2. 5 . Well talk a lot about that today. Central banks will be in his words, exceedingly on shortterm Interest Rates as markets emerge from the liquidity trap. He made the case for what he is calling the new neutral on cnbc yesterday. I dont think the worlds upside down. I think the world is pricing in and coming to grips with the fact that post the moment and post five years worth of healing in the economy and in the Financial Markets and in the banking system, that were on the cusp of emerging from a liquidity trap and that the fed and other Central Banks around the world are going to be exceedingly low on shortterm Interest Rates. Thats a brand new regime. We are calling it here the new neutral. Well be talking more about the new neutral with
Retardant foam. If theres anything certainly we can learn from the events of that extraordinary day, were all about improving our operations. Reporter the report says minutes after the crash, two firefighters concluded the teenager was dead just by looking at her. They didnt check her breathing or pulse. The chief says firefighters acted within protocol for mass casualties. Theres a category of deceased or what they call expectant, not expected to survive. Our members that day had difficult decisions to make. One was visualizing someone that appeared to be dead or expectant, versus going on to the burning plane with reports of people that still needed to be rescued. Reporter also under scrutiny, training. Fire crews posted at the airport have to take a specialized aircraft rescue course but their commanders do not. Do you think it should be considered to have that kind of training or is it not necessary . At this point, it is not a regulatory requirement. Faa has not required it. I thi