144,000, 65000 people hospitalized and we are averaging over a thousand deaths a day. A new round of restrictions would surely slow the economy and put more people out of work, heard even more with travel, retail and Entertainment Industries perhaps, thats one reason the market is selling this morning. After the huge recent gains the dow looks to be down about 200, s p down about 10. Look at the nasdaq with a modest bounce to the upside with the dana may be a quarter of a percent of the standout political headline comes from Bernie Sanders. He says yes, if offered the job of labor secretary in a biting next he would take it. On that, we will say this, varney co. Is about to begin. Stuart born to be wild, well i guess thats fairly appropriate. What you are looking at is rather empty new york city on a rainy thursday morning. Of course, its been half empty for about eight months and Governor Cuomo has more restrictions on businesses. Ashley, bring me up to speed. Ashley he certainly has.
With winds. Consistently all morning long having been to that 30 mile per hour range while 20 mile per hour wind gusts down into the east bay and even right along the coast in Half Moon Bay. As i mentioned winds do gradually afternoon, this is by 02 30pm right here. Definitely a noticeable difference but this is also going to be our peak temperature hours of the day. So still some high fire danger even with that lighter breeze winds continue to come into the evening tonight and leading into tomorrow for a much calmer rest of the weekend just around the corner. Now 70s and 80s are some of our current temperatures look at alameda right at 80 degrees to start this morning. Were already off to a pretty warm start for a lot of areas in this sets us up for just a downright hot afternoon, 90s and even if you triple digits, inland with solid 90s right along the bay and 80s for coastal areas. Robin all right, thank you john we have some heavier traffic rolling into San Francisco right now so pr
In the bay area are in the dark this afternoon pg and e has turned off the power to prevent wildfires during this critical fire weather. Thank you so much for joining us here on kron 4 news at 3 im Justine Waldman 24 counties in the state are affected including several counties here in the bay area. So lets take a look out pg es outage map this is the latest information all the purple triangles are the affected areas. Thats where the power is currently out. Here in the bay area customers in alameda contra costa napa san Mateo Santa Clara santa cruz solano and sonoma counties are without power right now we can see that from the map. Pg says some customers may not see the power back on until 10 oclock tomorrow night. So we want to check now on just how hot and windy it is outside kron fours meteorologist Mabrisa Rodriguez is here now shes tracking the latest temperatures for us good afternoon, the breeze its hot out there mixed really hard especially along the coast and the east bay shor
Gave this answer whether asked about a peaceful transition of power. President trump get rid of the ballots and you will have, you will have a very peaceful, there wont be a transfer frankly. There will be a continuation. Charles we get reaction from the rnc coming right now. All that and so much more on making money. Charles recently in a mad dash for the exits weve seen gains turn into losses quickly. Some are comparing this action to the socalled taper tantrum. You remember back in 2013 when there was a great fear that the Federal Reserve was going to turn off the spigot, begin to undo the massive quantitative easing. Dont say to Stuart Varney i said qe. The stock market knows it has the power to moving averagers and shakers, president , congress, ceos, yes, even the Federal Reserve. I think the market rallied big time in august because it assumed there would be more accommodation. Then last week the market had its wakeup call, maybe the fed dont do more. Now the chance of fiscal he
Promising results from both of them. Later, we are expecting news from astrazeneca, thats a british company. They are going to announce the results of their phase 1 trials of a covid vaccine. Now, positive news on a vaccine usually moves the market. It certainly did last week, and i think its helping futures this morning, too. There is news on a new stimulus plan. The president says he would not approve any plan that did not include a payroll tax cut. All right. Now look at the market. It has turned around. Earlier today we were way on the down side. But now we have moved to the upside i think its on the strength of this vaccine news. The dow held to the 26, 600 level last week. 8,000 points above where it was when President Trump won election. By the way, a new the Washington Post abc news poll showed joe biden with a 15point lead, 5540. This is 106 days before the november vote. We will be talking a lot about election risk on todays program. Then theres this. For the 54th straight da