On 87 from the shark tank towards mineta san jose international. Winds are going north to south. So i would expect this fog to drift south as we head towards the morning commute. In the afternoon, it will become mostly sunny with 57 at half moon bay. San francisco, 59 along with lake port. 60 to 64 for the rest of our neighborhoods. Pretty close to average. Well show you the rest of the weeks forecast, thanksgiving is coming up thursday. Ill have that. Looks pretty good. Back to you. This morning we expect an update from San Jose Police after two people were killed in a stabbing attack. It happened at Grace Baptist Church in san jose and no one has been arrested. Abc7 News Reporter Julian Glover is live there with what we know. Good morning. I have reached out to San Jose Police to figure out when we will be getting an update this morning. No word yet so far, but you can see an active scene over my shoulder. A large Police Presence, we are about a block or a half block or so. What we k
Welcome to closing bell, everyone im wilfred frost along leslie picket in for sara isen today. Nasdaq holding on to some gains ahead of the holiday tomorrow. Pain in the labor market as new Employment Data underlines how tenuous the economy is nasdaq higher, growth out performed value. Energy under some pressure for a change after a huge surge in november and weve seen strong numbers from Corporate America mastercard said spending remains steady gap the counterpoint that stock is down 20 today alone. 59 minutes and oneday holiday coming up, of course, tomorrow the dow is down 0. 6 . Coming up on todays show, Website Security Company Cloud flair shares are up. Well speak to the ceo plus, riding with unicorns well talk to Founders Fund keith rabois Steve Liesman has a look at todays economic data. Mike santoli is tracking the market action. Deir deirdre bowsa has details. Steve, start us off with the economy. A busy day today. Yeah. The Federal Reserve earlier this month at its meeting d
Employees are walking off the job after the ceo barred political activism at work. We will have a live report. Venture a longtime capitalist who just took his company opendoor public dont just for look at public and private markets amidst a pandemic and an election. First, stocks climbing on speculation a stimulus plan will get done. Doolittle, walk us through the Market Action today. Abigail something a bit new today, thats the fact that markets were relatively calm, although the word relatively is important. We did have a bullish ending for stocks, the s p 500 finishing at its best level since early september, and for the most part stocks were higher all day. There was one little wobble late in the morning here on the east coast when speaker of the house nancy pelosi said she wont accept a skinny deal on the airline stimulus are bailout for the airlines unless it is colluded included in a bigger deal. Action withe more the dow transport, another. 8 percent. About then that headline c
Far, but the lowest number of daily deaths for some time, Governor Cuomo saying 474 people died in new york in the last 24 hours. We have cases surging in italy, singapore, ireland. Treasuryetary of Steven Mnuchin says most of the u. S. Economy will be open by august. I want to bring in our markets reporters taylor riggs. Taylor, what is driving the rebound in particular today . Taylor markets are breathing a sigh of relief. We are waiting for the 480 4 billion stimulus package to go in front of the house. There will be signs of the flattening of the health curve we have been talking about, as well as earnings. Were getting back some of the fundamentals, and Oil Rebounding after six Straight Days of losses, so mark is taking a sigh of relief. Look at the stocks within the chipmakers. Up almost 6 , having one of its best days, the biggest outperformer. A lot of earnings are underway, so getting back to fundamentals of what is driving this market. Two companies in that soft index i want
And message next week. You see the ten year there at 430. Small cap, russell 2000, up slightly today. Off 2 for the week. We have some soft guidance from adobe. Thats weighing on the software sector. Pulling down the nasdaq by almost 1 . While energy shows pep on a strong run for crowd prices this week crude prices this week, happening on a quarterly session featuring heavy index rebalancing at the close in less than an hour, as well. Which takes us to our talk of the tape. Is all this churn just about an overheated market cooling off a bit after a rapid spread higher, or is it the start of what would be the first notable broad pullback in some five months . We posed this question to cic wealth executive Vice President and contributor, malcolm, welcome. Good to be here. Were up 16 of 19 weeks in the s p. Havent had a 2 pullback on a closing basis in one of the longest stretches in history. Which leads you to say, okay, were due for some chop. On the other hand, you know, theres the arg