Some signs of nervousness is also showing for the banks. Bonds are rallying a little bit so that means yields come in and that weighs on the bank so thats a little bit of a pause in the cyclical rally. How does the market really react to what the economists are seeing . They say we will be good in the second half of next your but have a really tough spot between here and there. Have the markets price that in . Abigail the markets do not appear to be pricing it in all that much. As you know, some of the longer term charts are starting to show the possibility that equities in particular are stretched and there could be some sort of sharp pullback for the end of this month or the beginning of next year. That could very well reflect the air pocket the jobs report for november is very disappointing suggesting december and january could be worse. It appears theres some sort of awkward middle ground in the First Quarter of 2021 and maybe beyond. The optimism that the vaccine will bring to the
Right now on kpix5 and streaming on cbsn bay area, a live look from our exclusive camera on top of treasure island. Probably on the ground in treasure island, around the area. We know it is pointed at the city of San Francisco and it is thursday december 3. Thanks for joining us. I am anne makovec in for len kiese. I am michelle griego. You had it right. It was on treasure island. Not bad. It was on treasure island. It said on top. I dont know. True. You got this. You got this. Lets get a check of our weather with meteorologist mary lee. Its another chilly morning whether you are on treasure island, San Francisco, the inlands, wherever, right . Right. On top, below, everywhere, its a chilly start to our day as we are looking at temperatures back down to the 30s and 40s for many locations. Here is a live look at the Mark Hopkins Hotel camera. You see some high clouds. San francisco downtown is 50, 43 san jose, 36 santa rosa. As we head through the afternoon, its going to be another mild
Scarred by the war, people fearful for the future. The last thing they need is more explosions. The Developers Say its 95 percent effective 20. 00 per job around the clock across the world. This is our Team International from the team, myself. You know, neal hello and welcome to the news this hour. We begin in the u. S. , where changes on pennsylvania avenue are picking up pace president elect joe biden has announced his top cabinet, picks for the white house. He said near enough the whole world has their hopes resting on his team to restore america to its historical in calls from World Leaders that ive had about 18 to 20 so far. Im not sure the exact number in the weeks since we won the election. Ive been struck by how much theyre looking forward to the united states, reassert its historic role as a global leader, both in the pacific as well as in the atlantic all across the world. Together these Public Servants will restore america globally scribal leadership and its moral leadership
Abuse but the army says theyre making it up. Thank you for joining us we begin with the coronavirus pandemic now in a new phase with countries racing to pull vaccines but in some parts of the world the picture is getting worse with cases on the rise as winter approaches since the start of the pandemic have been more than 64000000 confirmed cases and nearly 1500000 deaths iran is now the hardest hit country in the middle east and has passed 1000000 confirmed cases over 1000 has killed almost 50000 people there are the Health Minister says the actual number of deaths is probably much higher iran introduced tougher restrictions to counter a 3rd wave of infections which included closing nonessential businesses russia has reported more than 28000 new infections. On thursday the highest spike yet the 2nd largest city St Petersburg has announced restrictions around the new Year Holidays indonesia meanwhile is seeing a record daily rise in cases reporting more than 8300 on thursday and several
A decision be made on which to take and what data to trusts also this hour a hong kong prodemocracy activist and media mogul jimmy lie is denied bail as he faces charges of fraud and a different type of exam season half a 1000000 students in south korea tackle the most important day in their academic calendar. And on peoples temple the school says n. B. A. Players get back to training the Houston Rockets trade old stalled home gold Russell Westbrook to the Washington Wizards. Thank you very much for joining as we begin this hour with the coronavirus pandemic in a new phase with countries racing to approve vaccines but in some parts of the world the picture is getting worse with cases on the rise as winter approaches since the start of the pandemic theyve been more than sea. 34000000 confirmed cases and nearly 1500000 deaths iran is now the hardest hit country in the middle east and has passed 1000000 confirmed cases over 1000 has killed almost 50000 people there but the Health Minister