That would be a game changer. Bitcoins market cap is currently only 3. 1 the size of gold. As bitcoin and gold struggle between the risk off, is gone, copper is not hitting a sevenyear high. It looks a lot like that spike we see in early 2000 at the beginning of that chart, that is when china started commodities super cycles. Maybe there is some more longterm fundamental support from china. Lets get into the ring with todays top story. Opecplus agreeing to increase output starting in january, with monthly reviews to cf if more oil should be added. Alex longley joins us from london. What are the rules for the subsequent production hike . Alex there has been a fraud week of debate within opec. We have had the opecplus meeting. What we are hearing as they have agreed to hike production by 500,000 barrels a day in january, and will then have monthly reviews what they were at another 500 barrels a day to the market. That is doing the same, weve got a Strong Oil Market at the moment. But the
For your commute that traffic theres pretty stop and go you can see some of the traffic starting to back up there along that bridge and then move into the Golden Gate Bridge, this definitely is the lightest bridge out of all of them 37 to the tolls about 23 minutes for your morning commute there. And in the bay bridge here we go the maze to fremont you can see back to here definitely reaching past me on that overpass about 14 minutes for your drive. Daryn james thanks reyna. To one lets get to some breaking news from overnight and sad to say the u. S. Has set a new record now for the most covid related deaths in a single day you see the number on the screen behind us more than 3100 people have died now from the virus on wednesday alone most deadliest day we have seen in the pandemic and for the first time. More americans than ever in the hospital with covid a 100,000 plus americans are hospitalized in 20,000 of them. Or in the icu and this comes after california set records for numbers
Available as podcasts. I am so excited to interview kevin. I am thrilled talk talk to you about your book. Can you talk about how you came up with this . The name is from a couple physical kentucky, i spent some time in the county, a lot of journalists visiting because every ten years, this comes out and it turns out this is where they get. The pain in the butt media people come and its funny the people i talked to, i know these people from your time. They come down and talk about so what i came to believe is spread out, overwhelmingly wide, poor places in rural america, or in many ways, socially and canonically politically similar similar for urban immunities although there were important differences like crime so it is a way of life that we dont write about as much because it is not concentrated and visible and it is not a way of life lived the places where major newspapers and companies and things like that are based tends to fly under the radar. How much time did you spend there .
Radio. Alongside lisa abramowicz, im jonathan ferro. Tom keene will be back with us on wednesday. Erasing the mornings losses. Monday morning, we are faced with vaccine news. Some other news as well. We are pushing things forward every monday, it seems. Lisa although it seems like the market didnt respond so much to that news. There seems to be a lot of positivity baked in. So my people who came on this show were saying if there is any pullback, which there were likely be which there will. Ikely be, buy that dip that seems to be the feeling as we bleed higher towards the end of the year. Jonathan this morning, but theyre not out this morning, requestplanning to approval for this vaccine. What we have to think about is what would the anchor expectations on the policy side and on the data side. Later this week, the chiasm claims, payrolls the ism claims, payrolls. Do people start to get worried about the nearterm future . We hear from secretary mnuchin and chair powell this week. A bit o
The russell 2000, another alltime high, up 2. 1 . The s p 500 up a solid 1. 5 . Important is the cyclical reopening rotation we had happening in recent weeks, often it comes at the cost of tech but that is not happen today. The nasdaq 100 is up 1 . This is a bully lock cyclical rotation on the expectation of normalizing economy this is a goldilocks cyclical rotation on the expectation of normalizing economy. I know we have been talking about whether or not it will last. If we take a look at the sectors on the month, it does suggest the cyclical rotation is on the way. Take a look at energy, up 30 . Heading toward its best monthly performance ever. That is the foam oh buying we have around that is the fomo buying we have around energy, but also financials. We have stocks off to the races. Taylor is interesting as we talk about the reflation trade in the outlook for politics. We are looking at bond yields up three basis points on the 10 year, five basis points on the 30 year that goes in