Conversation in just a minute. Ill take you to the wall. We are focused today on this big pullback for tech. Nasdaq remains under pressure by more than 1 farmer jim, are we witnessing a socalled transition trade right before our eyes, from growth to value and does it have staying power . I think we are, scott i know its dangerous to say this type its different with regards to the rotation, but lets also realize this rotation was occurring before the announcement of the vaccine. All had you to do was look at the industrials and material to give you that clue now theres a very fundamental reason to support the continuing rotation into the cyclicals, into the industrials, even into the financials, which have been left fordead but are coming back it ju its just as simple as there is a path to normalcy ahead of us heres the one qualification i want to make if youre looking at yesterdays rally and saying, shucks, i missed, it relax unfortunately there is terrible news coming on the virus sco
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
On humans while continuing talks to submit data as it emerged this could speed up the process by allowing researchers to submit findings in real time this comes one week after the e m a started reviewing Astra Zeneca Oxford universities are seen which is also in phase 3 trials meanwhile with trump determined to get a vaccine before election day the white house block the f. D. A. From new proposed code in 1000. 00 vaccine guidelines the proposal would have required drug make drug makers out is to track the health of a Clinical Trial participants for about 2 months after receiving the final vaccine dose and made it practically impossible for the availability of a vaccine before the president ial election this is yet another sign of the harsh politics involved in americas vaccine race. Trumpet ministration tariffs against china are causing some hostility at home about 30. 500. 00 u. S. Companies are suing the u. S. Government claiming that trumps trade war with the asian powerhouse is doi
2 , the nasdaq down about 1 3 4 that very much in focus because of those earnings that are looming. Joe teranova, you first. Youve got dr. Gottlieb saying the u. S. At a tipping point, youve got mark meadows at the white house saying were not going to control the pandemic. Is this mountain getting too steep to climb for the market . Well, without stimulus the answer to that unequivocally is yes. Rising virus cases need more stimulus there has been overs last couple of weeks a modest broadening out of the rally within the market, but its really been all about industries, scott, industrials, trading to an alltime high as a sector but why is that . Its on the belief there would be stimulus, consumer discretionary, examazon trading towards its highest levels why is that . Because theres monetary support in the form of stimulus. It just highlights how important stimulus is. You need this mosaic of coordination to respond to the virus and any incident of rising virus cases learned itself to
To be here. I love that idea i think i can do that. Every night i make a lot of money with them but they make millions and hundreds of me. And. Heres a nice well theres a nice a great wall and nobody feels a lot better than me believe me and ill build a very inexpensive like a great great wall. And just in case youre worried about whos going to pay for it mexico will pay for. It well see what happens who knows i always say who knows. Well see im still researching. This is boom bust the one business show you cant afford to miss or in washington coming up markets in the United States and around the world continue to slump as a global coven 1000 cases are surging straight ahead as we bring you up to speed on the scary week for equities and where we stand with the global cases and this comes as the eurozone has reported a bump in Economic Activity but the spike in cases could threaten that growth later on we dig into the numbers and what toll new lock downs could have with a packed show to