Union city. Reporter candles let up the parking lot that hours ago was a crime scene. Police say at 1 30 in the morning, an 11 and 49yearold boy were of sitting in a van in the Elementary School parking lot when they were confronted by at least one shooter who opened fire. The older victim died on the scene. The younger died while being rushed to the hospital. All of a sudden, we heard the pop, pop, pop. It almost sounded like machine gone. It was constant. Reporter she woke up from the sound of gunfire. I dont know why an 11 or 14yearold boy would be out at that time in the morning. I am so heartbroken these kid his to go through that. Reporter police dont know whether the gunman approached by foot or in a car or if they had any relationship to the victims. Its unclear if the shooting was random or targeted. We dont know at this point if that were there to meet someone. We havent ruled out if this is gang related or verify the information. Reporter friends and families of the victims
You start to ask yourself whats next . How about a usmca deal, a trade deal . Could that send the markets even higher than they are now . There is a meeting underway today, in washington between trade reps from the u. S. And mexico. Well talk about that. Start real clear markets editor, author of a new book, theyre both wrong. John tamny joining us now. Talk about your book in a second, john which i started reading. It is great. Often times they are both wrong but lets start with this market and whether or not a trade deal on, usmca may be combined with some start with china. Does that send stocks even higher than they are now . What do you think . My sense that is why you have seen some of this uptick in stocks for quite a while. That has been a anticipation of a deal, usmca, and then also quieter talk, happier talk between the u. S. And china. Something happening there. I would add a third thing that probably soothes eninvestors minds is, all these, all this fighting over impeachment
Are close to sealing a merger agreement, telling employees a final pact is coming within weeks. And shares in the lse group trade higher as shareholders prepare to vote on the 27 billion takeover well, a very good morning and welcome to street signs. One of our top stories today, alibaba has closed almost 7 higher after its hong kong debut, the Largest Global listing so far this year the ecommerce giant listed at a price of 176 hong kong dollars to raise 11. 2 billion in fresh capital. And as part of the ipo, the Chinese Company issued 500 million new ordinary shares. Emily tan is joining us live from hong kong emily, the largest ipo of 2019, quite a stellar postmarket performance with the stock up almost 7 in trading how has the reception been overall . Reporter you know what, juwana, the newcomer to the market today was the most heavily traded in hong kong with 1. 8 billion worth of shares changing hands as you mentioned, the stock closed up more than 6. 5 , off the days highs, but u
Of december and november was a very strong month for stocks, even though you did see some declines on black friday youre looking at the best returns we saw since june for all of the major averages. Last week again, you did see some big gains too right now the dow, s p and nasdaq are still less than 1 to 2 of the intraday highs with these gains, youll see them challenging that as tom mentioned. Although, i also remember last the first trading day of december last year. Not quite as much fun. I still have some night mares about that. Would not be the only one with scars leftover from that. I think the dow was down 15 at one point in december last year we were having a great year. Markets were up, not up like they are this year. Bottomed on christmas eve, december 24th and saw things take off from there. Its been a very strong year. Will a santa claus rally power the s p 500 and dow to their best year in a generation . Could happen. Were up a lot. What will that take to get there, 5 . Pro
And plenty of people were out beginning to form on the streets. Royal Mountain Resort said theyve gotten 35 inches of snow in the last three days. But all of that snow creating a major problem for people driving to and from tahoe. Interstate 80 was closed last night for 12 hours. We have a Live Team Coverage of this weekends a storm, but first we want to check in with mark on just how much rain we can expect for the rest of weekend. The extreme amounts of the bay area could pick up over 6 inches of rain, we are talking the Santa Cruz Mountains. But everyone will pick up significant rainfall as we head into sunday and monday. In the past 24 hours, santa rosa had. 76, San Francisco. 13 but we are adding to these totals right now. And up flood watch posted for the kincade fire burn zone with expectations of 3 to 4 inches in place until 3 00 monday morning. With a possible debris flow in that area. Here is the satellite and radar, you can see the continuous stream of moisture extending out