It is a team that will keep our country and our people safe and secure. Its a team that reflects the fact that america is back, ready to lead the world, not retreat from it. Biden held a News Conference on tuesday. He was joined by Vice President elect harris and the individuals he selected. Most of the nominees must be confirmed by the senate. Antony blinken was picked as secretary of state. He was deputy secretary of state during former president obamas second term. He nominated former deputy cia director haines to be the director of national intelligence. She will be the first woman to hold that post if she wins confirmation. Alejandro mayor casse was nominated to be the secretary of homeland security. He will be the first latino and first immigrant to fill that role, if confirmed. The News Conference was held one day after the countrys General Services administration cleared the way for the transition of power to officially begin. But President Donald Trump has not conceded defeat.
Over by 250 points and this morning you are seeing green arrows for the s p 500 and nasdaq, nasdaq right now up by about 122 points in the future market and that is pretty impressive you are now talking about four days in a row that you have seen gains for the major averages all are within 5 of their 52 week highs and in fact the transports set a new alltime high yesterday too. Right now the dow futures are indicated a little down by about 61 points. Were watching a lot of things that have been happening including news with Johnson Johnson, and earnings are coming out too. And if you want to take a look at the treasury market, right now you will see that the ten year seems to be sitting just around 0. 759 . So not far from where it has been yep, earnings are supposed to take the baton from stimulus hopes, which i dont know whether those are fleeting or not. But supposedly the earnings might be pretty good yesterday kind of weird all the stay at home new age tech stuff was strong as i t
Reportedly uncovering Quality Control concerns at eli lilly plant set to manufacture its covid antibody treatment and apple debuts the new 5g phone line speedier devices, also coming with an even heftier price tag carl, back over to you. All right jim, on the banks this morning, conversation once again about loss provisions. Also about bond trading at goldman. I dont think it is just bond trading. I think goldman did a remarkable job taking some share, which i say remarkable because imagine youre at home, zooming and taking sharefrom others. I do believe that goldmans back to its old ways which is that it is a dry cleaner it doesnt have any risk remember, dry cleaner, what do we do with the dry cleaner give them our clothes and pick them up and they make money. That has been the goldman way until a couple of years where i think it got wayward where it became much more about, hey, lets invest in this, invest in that, no, to me, what theyre investing in, that i really like, theyre invest
Not push for bans on chokeholds or noknock warrants. But it will include incentives for police to adopt best practices on use of force to share information about officer misconduct and have social workers respond to nonviolent calls. Happening today, San Francisco police chief bill scott and District Attorney will host a virtual conversation on further reforms to sfpd. Just yesterday he said that his office will no longer file charges on a case that solely relies on statements from Police Officers with proven histories of misconduct, Excessive Force or discrimination or racial bias. You can join in todays discussion with them through the mannys coffee Shop Facebook page. It starts at 6 00 p. M. Wear a mask or take the chance of getting your flying privileges revoked. That is the warning from at least one Major Airline this morning as our travel Summer Season starts to pick up. Abc7 News Reporter Amy Hollyfield live for us at sfo this morning. Amy . Hi, reggie. United has come out with
Barrons virtual round table, ben, weve been talking for weeks about how the market is rallying, seeming to ignore the horrible economic news. But this past week investors seemed to notice. Yeah. This was the week that we learned big tech cant hold the market up forever. For a while now, the datas been terrible, but the markets just kept going up on the backs of apple and amazon and microsoft, stocks like that. But this week began with rising tensions for china, and that should really hurt these stocks. When they started to fall, so did the rest of the market. And this week weve been getting some really, really bad data. If you look at the jobless claims, another 2. 6 million or so. Retail sales were awful. Those were released on friday. And Industrial Production is terrible. Just really terrible news thats coming out. And investors are really getting on edge over whether congress is going to be able to come together and deliver more stimulus to this market. Jack interesting crosscurren