With record dry fuels and vegetation. Then, adding the gusty offshore winds, this is a high concern. A red flag warning for most of the bay area highlighted in red. Looking at our Higher Elevations, gusts up to 70 Miles Per Hour. Even our lower elevations, valleys and coasts with gusts up to 40 Miles Per Hour. We have a wind advisory for most of the region due to these windy conditions. Until 11 00, the wind advisory is in effect. As we head through the afternoon, we will see plenty of sunshine and unseasonably warm temperatures. We could see some record breaking highs. Mid60s along the coast. Low to mid 70s inland this afternoon. I will show you futurecast as we take you through the day and when this high fire danger will decrease across the bay area. I will have details on that coming up in a few minutes. It is a busy one. We have a wind advisory for the bay bridge this morning. Be extra careful, especially if you are traveling in a high profile vehicle. On top of that, meter lights
Basically pleased everyone. There was an upgrade at Morgan Stanley and that is another stock at the top of the s p 500. A new twentyyear issue according to the treasury that has yields a little bit higher. Highs, that is the story. Volumes reasonably good around 1 . Some decent data coming out of china. That is helped the mining stocks. The pound tracking lower. Sales. Tail keep an ion the eurodollar, as well. 110. 8 is a line in the sand. Things a start to get interesting. Down by. 4 . We have a bank of england meeting coming up. Lets stick with the stories and talk to our guest who joins us in london. Peter dixon, commerzbank. I want to start with the bank of england. I have a chart here. This is the probability of a cut from the bank of england and it has skyrocketed. We are up to 75 and it is happened quickly. Is it a done deal . No, but the market is telling us something. The balance of probability is clearly in favor. What we want to see is pushback. The market is driving in this
Brands at morgan stanley. Plenty of good news stories in the market today. The 10 year yield is at 1. 84 . A couple of dynamics going on here, not least of which Stephen Mnuchin talking about issuing a 20 year bond to help with the deficit. Guy really interesting story. Here in europe, stocks are at record highs. , a couple of reasons for this, one of which is the china data we will talk about in just a moment. Your conversation with phil hogan, the eu trade commissioner, sounding reasonably positive overnight in the conversation you had with him. That has helped sentiment here as well. Really weak retail data out of the u. K. Today, confirming the idea we could see a bank of england rate cut shortly. The pound is trading lower on that. Weve also got key levels being tested and it comes to eurodollar as well. I am told you want to watch out 1. 1080, a really key line in the sand. 1. 1102 right now. Growth helped by industrial output, retail sales, and fixed investments, all beating est
And we look back at one of the most extraordinary operations of the korean war to save hundreds of thousands trapped in a north korean port. Thousands of worshippers have packed st peters basilica in rome for Christmas Eve Midnight Mass. Pope francis told the faithful that god loves everyone, even the worst of us, and urged them to give thanks. The pope, generally seen as a reformist leader of the catholic church, also spoke of change. This from our rome correspondent mark lowen. In the gilded splendour of st peters basilica, this was a solemn Christmas Eve mass. Amen. The seventh that pope francis has led. His homily talked of gods love. You may have mistaken ideas, you may have made a complete mess of things, but the lord continues to love you. That will be seen by some as a reference to church scandals, including sex abuse. Francis papacy is in many ways reformist shaking up the traditional governance of the church. Perhaps then, there was a pointed message in his words, we change,
Mateo bridge and the richmond sandra fell bridge, looking pretty good there. But its a different story in Southern California. Look at this traffic in and out of l a x. The airport is expecting nearly 6 million travelers to pass through for christmas and new years nikes a flooded airport officials called. Super peak day but as you can see thousands are still making the last minute holiday dash. Thanks for joining us at 10, im michelle kingston and im grant lotus both can pan have the night off very Christmas Eve. Everybody. Guess whos not off tonight. Chief meteorologist Lawrence Karnow he has the christmas forecast lawrence like that i how we do you were looking good so far although or see some showers out there tonight that has not caused delays. An sfo tonight. They have some delays early on today. This of all right now get a little bit wet out there weve got some scattered light showers that have been popping up but right now looking pretty good no delays at sfo little chilly out t