But the breakdown of oil today on Global Demand is really significant. Under 40, not only but well on to new lows right now, 39. 71 on world oil. It is much more about the pandemic than it is the epsilon off the american election. Jonathan a breakdown on the equity benchmark in frankfurt, germany, the dax suffering. What is new about today . The dollar bid through g10 against e. M. You mentioned the turkish lira this morning as well. The Dollar Strength returns with a bit of a vengeance this wednesday morning. Tom let me triangulate again here triangulate yen here, folks. You throw the dollar out and look at euroyen, and euroyen clearly indicates weak euro. Lisa teladoc a. M. , german chancellor ashtead 00 a. M. ,erman chancellor 10 00 a. M. German chancellor Angela Merkel discussing new restrictions to stave off the rapidly increasing number of cases of covid. Also at 10 00 a. M. , ceos of facebookalphabet, and are testifying to a Senate Committee on restrictions of political messages
Good morning, everybody. Welcome to squawk alley. Im Carl Quintanilla with jon fortt a fortt. Weve seen risk off behavior in europe we watch both covid19 developments and system husband hopes. Dohm is going to break this down to start the hour. We were down in the early parts of the session so far. Just after the opening bell. 300 point decline. You can see here were still hovering near. 75 decline for the dow and s p 500 about 1 p as it has been for the past couple months now, the nasdaq has really been the outperformer or underperformer on down days as you can see here. Continuing in that trend today 11,616 there 1. 25 declines overall take a look at the nasdaq so far, were still continuing to kind of hover near the record high levels. Not so far away from them right now. Finding some support over the last couple of months here with the nasdaq now down 1. 3 there still is a renewed focus on many of the Technology Names that are driving some of the action for instance, the momentum tr
Buyer beware, ipos that have doubled do not have a great track record after the debut. Plus the president and tiktok, he says hes not prepared to sign off on anything for an oracle tiktok deal. And wall street poised for a sharply lower open following the feds pledge to keep Interest Rates low for years and Technology Stocks do lead the declines speaking of which, jim, sounds like your conversation with joe a moment ago kind of rings with what Credit Suisse says today about tech valuations overall, that is that there is some excess and theyre lightning their weight at least on software. I count 30 companies that are selling at 30 times sales and then theres a number, even more, maybe another ten that are selling above that, 50 times sales for zoom along comes snowflake at 100 times sales. You just have to put the stop sign up because what it says is theres going to be so much supply that is coming. Look, if you own a company youve been waiting for it to come public you just got the gre
Constant. Peoples habits an preferences and city and state policy always changing and theyll have an impact on the electricity demand in San Francisco. We used the i. R. P. To plan for changes that influence electricity demand and then identify how those changes influence the Electricity Supply portfolios were modeling. Our current work is focussed on analyzing two sensitivities. What if 100 of new vehicle registration in 2030 are electric vehicles. And what if all new construction in San Francisco is 100 electric. For our work now were assuming that would occur starting in 2024. After we complete our analysis, staff will recommend our preferred portfolio for the commission to adopt and that will be submitted to the california p. U. C. The preferred portfolio will tie together our Sensitivity Analysis, findings from our local Renewables Report which we submitted to the commission in february and city and state policy goals. What we submit will serve as a resource road map for clean pow
Going to transmit it. We have to understand that with more virus in the community you saw how quickly we went from four thousand to five thousand tcases. Please, please dont gather. We have a handful of questions about San Francisco issuing fines on people who dont wear masks in public. Weve been emphasizing the needs of these masks and the social distancing as we continue to emif i if emphasize. Were schorrin exploring how wey increase enforcement particularly in situations where requirements that are very clear are not being followed. This would be enforced following up with businesses an other situations where people gather. Were working with communities for voluntary compliance. Were looking at increasing enforcement. In regards to the press ci the. Who is paying for it and who will staff it . The city is funding the site. It will be staff by Health Departments and u c sf providers. Well take care of 93 patients. M what has it historically ben used for and is it prepared to accept