Google all on tap. All that and much more is coming up this hour power lunch starts right now kelly, thanks im scott wapner welcome to power lunch our reporters are all over every ae angle that matters as you know, today the busiest day of earning season. Meg tirel is watching the race for a vaccine as coronavirus cases continue to climb. And Steve Liesman has the details of a muchexpected gdt report hey, bob before we get to earnings, were having a nicely midday rally here let me show you the s p. Some technical aspects we broke above the earlier highs in the day. People do trade on technical calls on in kind of market you see that nice, quick, steady move up here there may be seasonal aspects coming into play, art cashin noting were moving into november, a seasonably strong period of the year for earnings, the early reports have just been spectacular here, generally half of the s p reporting now, 85 beating expectations and the key story is the average beat about 19 , way above the h
For sure and looking at the temperatures to the 20s, 30 easy and 40s again this morning and so bundle up. We have a freeze warning in effect for the north bay Interior Valleys until 9 00 a. M. The areas highlighted in purple under that is a freeze warning due to the temperatures down to freezing and even subfreezing in this area. So frost and freezing conditions, do what you can to protect your pets, livestock, pipes, plants and hopefully, those without shelter, experiencing the cold and frigid conditions and were looking at the temperatures again. Could see recordbreaking lows this morning. And this is the coldest temperatures we have seen since last march and april. Its been a long time before the cold snap for us. You can see across the rest of the region in the 30s and 40s for concord and oakland, liver more. San francisco, san jose and santa rosa to subfreezing and well talk more about some changes ahead. Details on that in just a moent. Now, lets check in with. Anafor the latest
Looks looking at mid30s, san jose, freemont, livermore and through for concord. There we go with the froze warning in effect. That is in effect until 9 00 a. M. The areas highlighted in purple due to frost, freezing and subfreezing conditions. Please be safe. Try to stay warm in these cold temperatures. So, clear skies. Chilly temps and record breaking lows possible this morning. And the last time that we have seen temperatures this cold from at least, not looking at our current cold snap, but back in march and april. Its been a long time for sure. The daytime highs only in the mid to upper50s and low to mid60s. Well talk more about the changes on the way tracking our next storm system. Details on that coming up. Now, lets check in with gianna. Its getting busy on the bay bridge this morning. It is. We have a wind advisory in effect. They turned the metering lights on and that is a parking lot as you work your way westbound. That is good at this point. Things are certainlyvo go as you
Australian government is slowing down. It is flat in the session. The jci and jakarta composite index just started off its trading day. Dollar index moving to the upside. Sterling is flat at the moment after gains. Those gains coming about after we got brexit talks being extended to the end of october. That is adding some optimism that may be a deal could be done after one of the chief eu sides comingid see close together at the end of last week. Crude oil and gold moving to the downside as we have limbo in regards to the fiscal package or stimulus package out of capitol hill. Lets have a look at what is going on in terms of the first word news as we get over to new york and join Karina Mitchell. Karina global coronavirus numbers continue to make headlines with the u. S. Reporting record infections for the second day in a row. The white house saying the administration is not going to control the crisis. the news comes as Vice President mike pences chief of staff tests positive. Withe h
Stocks into value encyclicals keep up . Havens are bringing back some ground. The Federal Reserve warns there could be major downside for asset prices if the Economic Impacts of the virus is not mitigated. Will a vaccine or stimulus come soon enough . Welcome to the program, happy tuesday. Picking news from the u. K. , jobs data giving us a picture of the damage done or avoided on the u. K. Economy. The unemployment rate, a three month figure, we get an ,nemployment rate of 4. 8 exactly what was anticipated. It was on the rise. Very cushioned by the furlough scheme over the summer, and the end of september. Where we are on the jobless claims number, we have i go to this because we do not have survey data but it is interesting because it is october data, a little more impactful. The jobless claims change down by 29,800. , that looks lower than the prior period. Some of the data seems an improvement on the previous period. I go to that redhead line on the u. K. Unemployment story. 164,00