Whether or not at this point in the economic pandemic cycle they need to spend that bullet. They will be doing some things that are more accommodative. It will be difficult for them to reverse that policy somewhere down the road. Jonathan mike swell of Goldman Sachs is with us. On treasuries, on bad news being bad news, is that your view of things, how high can we take 10year yield . Mike great to be with you, jonathan. On the there is a cap treasury market, and its really the result of looking away from the slow term where there are certain instances where people think about growth postcovid. We see significant vaccine implementation. The jobs report, it will take a long time to get back to normal. The fed will be on hold for the foreseeable future. As a result, you will not see a 50 basis point increase in the 10year. People should sit tight and recognize that rates will stay low for the foreseeable future. Today proves that we will be in this odd situation where markets will look fo
Join fizer pfizer you can see were just about 20 points shy of the all time high on the dow a lot of news to unpack. We got the news from moderna showing the vaccine is more than 94 effective in preventing cases of covid19. We saw details in the study showing it prevented severe cases of covid19. So that a very strong result comes, of course, after the pfizer data last week showed that its vaccine was more than 90 effective. The first two out of gate showing incredibly strong efficacy questions do remain including these preventative cases of covid19 but do the vaccines sprent infection with the virus completely we dont yet know that we also dont know because this is a brand new virus and these are brand new vaccines how long this protection will last. So those are things that are going to come and be answered in the future looking at these data so what happens next well, both of the Companies Soon are going to file with the fda for emergency use authorization. The fda will then hold wh
Impact of stayathome and lockdown orders. Will america accept drastic changes in the way this years holidays are celebrated . We are going to get into it. The situation has brought stimulus spending back into the spotlight. President trump has stepped away from the discussion, leaving leader mcconnell and speaker peloo w tkhing thi thi ou we believeveve the ty ayyti s dee tit t tirusirir andhehe sll a b highhigh. Lst ss acks ilnow 30 yestyeday,yeda wdal ounacaybe be 0 ts mog. In s s up. Aq isdor a f gai g gff maybe be. Plenpl of pl oreenensens fy mog. N lookow l at at is. Is n h sliocialiialili a a a sta d n. Nsocialist jisoe mancn. N. Thatictu reictuicpetuolumesol t ttp split spl spl among democrdeats. Ats. S. S. S. Sp the mtheayayf chicagohiitut aut ma shohognt a a a bullho while celebrating the Election Results. Risky behavior. But iloLori Lightfoot just cancd thanksgiving in her city. Okay to celebrate the election but not the all american thanksgiving. Its going to be a great show
The session. High intraday high russell 2000 continues its high but it, too, has faded during the session. The russell flat, the other indices negative coming up in todays show, well ask allianz chief economic adviser Mohamed El Erian about todays highs plus, the president of shopify about the companys new partnership with alipay mike santoli, tracking the market action. Meg tirrell has more news on pfi zechlt rs vaccine data and phil lebeau, covering the boeing 747 max. Mike, start us off here. Weve been dealing with a couple of issues, the market being a little stretched on the upside after that strong rally month to date. Over bullish sentiment has had a hard time getting traction, but no damage done at this point on the year to date chart were slightly above that september high by half a percent nothing damaging really happening here i wanted to zoom into the last ten days of trading or basically really more like eight days of trading, back to last monday, week ago monday. Pfizer n
Gate doesnt show much the way of fog certain the marine layer has taken the day off again today is going to be quite hot across the bay area for today. Bay bridge toll plaza shot again when the sun come up over the east bay hills Temperature Check for you a pretty mild to start things off on the east bay shoreline the lower 60s got 50s off to the east bay, 48 for santa rosa 61, meanwhile for san jose for comparisons sake actually were much cooler going from fairfield all the way down to Half Moon Bay. Elsewhere across the bay still trailing all those stills still feels a little bit on the warm side. Back to that red flag warning you can see its still covering some of those Higher Elevations here going on and up to the north bay as well so its not total coverage. Its basically focusing on the Higher Elevations Going Forward until 08 00am this morning. The breakdown for you is 8111 by 2 were talking 92 to the will be a bigger change with temperatures tomorrow. And a little bit into next