From the bay areas local news station. Watching kron 4 news. Governor Gavin Newsome facing backlash tonight after attending a Birthday Party in wine country, thank you for joining us tonight at 9 im pam moore and im grant lotus in tonight for ken wayne this dinner was held last week at the swanky French Laundry restaurant, this is in napa counties youngsville a dozen people from different households attended it. And this is one of the situations now where a lot of people are saying is it do as i say not as i do. And darren joins us live from yelp bill tonight he joins us with more on the governors response maupin and grant the governor has admitted that attending this party was a lapse of judgment and that he should not have gone to this dinner here at the French Laundry as the state continues to re tighten some of its covid19 restrictions with the holidays drawing closer. The governors credibility is definitely taking a hit. Governor gavin, newsome is catching some heat for attending
But opening up to essentially mostly sunny skies to cover the balance of your saturday live shot coming in from the golden gate, this is usually the fog trapped in the morning not seeing that not too bad at Half Moon Bay either smart was talking about looks like mostly sunny from Vantage Point however theres that dense fog covering chunks of the east bay up to the north bay picking the valleys even into the Santa Clara Valley as well. Give you an idea how this all mixes out Going Forward to the Morning Hours. Again the advisory still 9 but we should clear out to the mostly sunny mode as we get to the late Morning Hours just a quick check on Storm Tracker little bit of traffic up to the north of some scattered clouds that will be with us. Temperatures a chilly even with this rain look at bottle coming in at 3236 for santa rosa with what ground wow thats interesting 43 going on for napa and we have a couple of 50s here and there, but usually moisture helps keep temperatures supported not
Claims came in better than expected, 709,000 signaling more improvement in the labor market. And treasury yields dropping sharply following yesterdays bond market closure. Thats putting pressure on banks, which are among todays worst performers though still strong performers for the week 59 minutes left in the session, sara every sector firmly in the red. Ahead on todays show, chipotle unveiling its first ever digital only restaurant this week without a dining room or a line for ordering we will speak with the ceo brian noccol about the strategy there. And Jeremy Grantham said he thought the market was a mccoy bubble we will get an update on his that it is since those comments. Disney, pal an tear and cisco reporting after the bell we will bring you the numbers as they happen. Mike, whats the market dealing with. Contending with worries pileup of news on the shutdown, on the virus, maybe getting worried about what growth is going to look like in the First Quarter or two the s p 500 was
Many heated exchanges last night. Take a look. Vote now. Are you going to pack the court . Answer the question. Im not going to answer the he question. The question is radical left will you shut up, man . Dagen we have full analysis this morning, this hour well get reaction from michigan congresswoman Debbie Dingell, ohio congressman brad winstrop, political commenCandace Owens. Something Maria Bartiromo first reported, now backed up by the director of National Intelligence, John Ratcliffe. Obama Administration Officials briefed on an investigative referral to the fbi that Hillary Clinton started the entire russian witch hunt and approved the plan to stir up a scandal to distract from her own email scandal, as jim comey is set to testify today. We will bring you the latest declassified documents all morning long. Futures in the red on the final trading day of this month, wrapping up the Third Quarter as well. We have losses across the board, 240 point loss on the dow futures right now.
Joe nowhere to hide. Really ugly back to back days to start the week. Scarlet there are plenty of places to hide. Joe 10 year treasury, swiss franc. Scarlet japanese yen. We can go on. Two charts to put this risk asset selloff in perspective. This is very simple. On bottom, bonds of top the one asset class doing well over this time period. On bottom, we have crude, copper. In white, the s p 500 down 6 . Composite in blue, down just 0. 75 may be a benchmark here. 500reason to think the s p will join the dow transports. The 200 Day Moving Average in yellow. On friday, you can see the dow transports going right through the 50 day average. When the dow transports in the past has gone below that 200 Day Moving Average, there has not been an exception. This chart would suggest more term,at least in the near for the s p 500. Worstooking at one of the performing sectors in the s p 500. 4 , theals down about worst slide since 2011. That is as fears of the coronavirus continue. One of the larges