Now at 11 00 new coronavirus restrictions taking effect in less than an hour and tonight this is just the beginning. Were the feeling overly happy or confident right now. Thats really heart breaking. Some mist, drizzle and fog all thats left of the rain that moved through the bay area this evening, but im already tracking the next chance of rain that will be heading our way and could fans return to chase center next month . The revolutionary new testing program, we ask an expert would it work . We have an exclusive look at the next generation of electric vehicles hoping to give tesla a run for its money. Its definitely very interesting time for the ev business. Good evening. Im elizabeth cook. Im ken bastida. Now at 11 00 and streaming on cbsn bay area a live look outside, were drying out a bit after a pretty rainy friday night around the bay area. See. Theres proof. Hey, thats heavy rain, man, for these parts coming down at times in San Francisco a little earlier. Our chief meteorolog
Came on our air and said they were bullish, in part because everyone is so bearish each one took turns explaining how those bears would turn into bulls, propelling stocks higher. Buy, buy, buy. Just one little problem when one strategist says everyones bearish, thats a listen up moment when two strategists say everyones bearish, you might get a little suspicious. When three bigshot strategists say everyone is bearish, you got to figure the consensus is wrong. We dont have too many bears we have too many bulls and maybe thats why the averages rolled over today with the dow tumbling 317 points, s p sinking 1 , and, by the way, things were a lot uglier for the dow in the early afternoon you see when most investors are bullish it means there is no one left to buy. They have plenty of facts on their sides. Everything from low Interest Rates, massive earnings, liquidity, i would let any of them manage my money if i were allowed to have money managed. Unfortunately, these positives have a whi
City hall is closed. Lafco members will be participating in the meeting remotely. This is pursuant to the various state and local orders and directives. Commissioners will participate in the meeting to the same extent as if they were physically present. Public comment will be available on each item on this agenda via telephone. Both channel 26 and sfgov. Org are streaming the number across the screen. You can call 4156550001, meetimee meeting id is 146 3547117, then pound and pound again. When connected, you will hear the meeting discussions, but you will be muted and in listening mode only. Press star 3 to be added to the speaker line. Best practices are to call from a quiet location, and speak slowly and clearly and turn down your television or video. You can submit Public Comments by emails me, the lafco clerk or by u. S. Mail. It will be forwarded to the members and included as part of the official file. Madam clerk, that concludes my announcements. Thank you very much madam clerk.
Europe, up by 2. 5 . Todays number from barclays, very strong. We are going to hear from jes staley a little later in the program, our interview from early round. The pound bouncing around all over the place. We were into 1. 31. I think this is broad Dollar Strength rather than anything else. Take a look at the bloomberg dollar index. Alix rising covid cases impacting the economic data. Composite pmi for the euro area dropping below the 50 mark, which shows contraction. Meeting. O ecbs next joining us is john hardy, Saxo Bank Head of fx strategy. Does 1. 18 make sense for when you consider the rising uncertainty . John of course, the pressure should be on the downside given the covid resurgence. I think the general take on the could be that if we are seeing this democrat sweep scenario, we are positioning for a weaker dollar for some time in the future. Anything looks fair between 1. 17, and to me, this is the upper area of where we should be. We shouldnt be doing anything and eurodoll
Diablo range scrolling up to mount diablo the oakland hills. All those areas that typically everybody is on alert whenever the winds pick up around mount tam for instance and of course up in the wine country. Both napa and sonoma counties look at all that purple all those areas either have power thats already been turned off or those are locations of peach and he has an eye on today to shut the power if the winds continue and were out there with our live reporters keep a look at whats going on in those neighborhoods in Contra Costa County with will tran in the north bay. With Sarah Stinson and in the Weather Center thats were going to start with you john yeah because because it has been a very windy evening and continues to be this morning to something that will be causing you problems as you leave for work this morning as you will be encountering areas. Where youll be able to feel those gusts as you do into roadways as for conditions right now from suture tower it is beautiful, it is