Investors are shrugging that off as stocks look to rally at the open. One name that may not rally is zoom. Shares of zoom are sinking yeah, in the premarket, work from home stock taking a hit from a rising free user base and increasing cloud costs and we have vaccine optimism, moderna and pfizer filing for emergency use and Vice President pence says vaccine rollout expected to begin in two weeks carl all right jim, i guess the question of the morning is whether that rotation, that worked historically well in the month of november, still applies. I think were running out of gas in terms of the oil and gas and focusing on exxon. Stock may not go down, giving the dividend, it says, look, were at wits end and the big Exploration Development period for exxon, market leader, u. S. Leader, is i think now over. We are following were following europe and japan and i think that we forget that you come in today, and you look for all sorts of reasons why were up and up strongly except we dont look
And low turnout in municipal elections in france seen as a midterm test for president his governing party is expected to face big setbacks. I mean well into the sports news is not just a city and so place the f. A. Cup semifinals to the drawing board now but also already true thanks to the labor not in the sun chelsea are into the last one no one of the less than the best of the action coming up. Now the number of confirmed coronavirus cases around the world is now more than 10000000. 00 and there are warnings that time is running out to get the pandemic under control in the worst affected country thats the United States where several states are reporting record numbers of new infections the spikes are concentrated in a. Southern and western states mostly controlled by republicans even as Vice President mike pence claimed the country is that inning the cut of more than 2500000 and affections have now been recorded across the us india has also announced its highest ever daily jump with
Americans are open for business and we are competitive once again. Thats the president making his case for u. S. Economic growth at the World Economic forum. Good friday morning, welcome to squawk on the street. I am Carl Quintanilla and jim cramer and david faber well have more on trade, the dollar and International Cooperation and we still have earnings to get to starbucks and intel both moving in different directions. The ceo of starbucks is also coming up with us a the president just finished at the World Economic forum in davos. He emphasized the new trade stance in his administration the United States will never turn an eye on economic planning these and other behaviors are harming businesses and destroying the Global Markets and harming businesses and workers around the globe went onto call regulations still taxation and talked about how it has been around the world. Americas first is not america alone. Look, i think that he made a great sales pitch for america. I think thats no
Your lawn is looking a little yellow maybe you want the shower. Satellite and radar shows you theres a mix of clouds with some breaks went will see some sun building in fairly early like we did yesterday. Most our morning showers are melting away to our south and west but eventually as we move through the day there is the chance of at least a spotty downpour here or there. 76 degrees right now in philadelphia, 74 in allentown. Really the majority of the region in the mid 70s as you step outside and the dewpoints, the measure of how humid it is are really high. We were just about over 70 almost everywhere and thats why we say that if there is a shower that develops in this warm and super humid air mass its going to be really easy to produce a downpour so you want to look out for that if you happen to be in a minority of the region that gets that. 73 degrees by 6 oclock. By 8 oclock 76, warm and humid, partly cloudy skies stepping outside this morning. And rolling through the day it does
Couple of drenching downpours here and there. Look at temperatures. Everybodys in the 70s and when i show you the dewpoints, theyre also in the 70s pretty much everywhere and that means very high humidity, very oppressive humidity. Whenever you see these numbers of 70 or better. As you head outside this morning then warm and very humid, partly cloudy, 73 by 6 00, 76 by 8 oclock. Muggy. Youll especially feel it if youre moving around a little bit and then by noon, 86 degrees. Now, the change today is this high of 89. It does look like we have a shot at staying out of the 90s which will technically end the heat wave but its still going to be very muggy and uncomfortable. If we happen to pop a shower or a thunderstorm in a couple neighborhoods it could produce a drenching downpour with quick street flooding associated with it the. So if youre behind the wheel when that happens you want to slow it down matt pelman speaking of behind the wheel looks like maybe somebody is not behind the whe