System will be overwhelmed. We dont act now, well continue to see a death rate climb more lives lost. With that Governor Newsom said hes pulling the emergency brake issuing a stayathome order for three weeks with any region with icu capacity falling below 15 . Its all part of a regional strategy well defined within the hospital and Health Care Delivery system. Weve defined these five regions, northern california, greater sacramento, bay area, San Joaquin Valley and the larger region in southern california. For the bay area, the stay at home coorder could come soon to late december. Hair salons, gyms, nail salons could shut down again. They are asking californians not to gather with anyone outside the household. The governor made the case with californias surging covid19 numbers. With spikes in the sevenday positivity rates, hospitalizations and deaths. Just in the last 14 days, close to 1,000 californians have lost their lives due to covid19. What can stay open, critical infrastructure
He said simply, this doesnt matter, and december could be green. Could be grim. Jonathan the markets are looking at the data in the second half of 2021, not 2020. Tom jon will get to the data of a market lifting and all of that. This ecb announcement a bit ago is buried, and im sorry, it just sets up the theme of extend and pretend into 2021. They are going to extend bond buying forever and ever. It is Central Banks to the rescue. Jonathan the ecb wants you to focus on the duration of the Bond Buying Program and not the size of the package they might announce this week. That has been a big push on the communications side. I imagine that will be the focus for them when they communicate with us. For us, we are all getting used to the idea that Central Banks will be there for us. Weve been conditioned by that all year. The biggest challenge through 2020 was to somehow divorce how you feel about the world around you from your view on financial markets, on where we will be 12 months out. Th
Another chilly start and its clear. Were not seeing the patchy dense fog throughout the week so we are starting out with a clear commute for you but look at these numbers. In the east bay were in the upper 30s in the next hour and then well see our temperatures gradually warming up, a lot of sunshine and it will be a nice day, our highs reaching into the mid to upper 60s this afternoon. There are some things im concerned about in the forecast. Ill talk about that coming up in a few minutes. Vianey, how are you looking what are you seeing right now as you look at the commute . Well, as we start to get into that heavy traffic hour of the day which is near the 6 00 a. M. Hour, we are getting reports of a new crash along highway 17, right after the alma bridge. The slow lane is blocked because of a crash. Anytime there is a crash that is blocking any of the delays it can cause heavy delays. If that is part of your morning commute drive times coming up in a few minute. The governor warning
Saying china is the greatest threat to democracy worldwide. The u. S. The bloomberg u. S. Dollar index. Crude getting a lift after an opec agreement that came through. Theyre going to be keeping curbs in place in terms of production but we could see on a month by month basis some of those curbs being removed. Agrees to ease cuts more gradually. Gold about 1 10 of 1 lower. Bitcoin using some of its sheen and declinings extensive 1 . With all that in mind, lets find out what is happening in new york. Karina we start with the news on pfizer. It slumped on reported may ship only half of the vaccines it planned to this year. Issues supply chain will cut it to 50 million. Anthony found she is taking the u. K. For rushing to clear the pfizer vaccine. Moderna claims it shows what it claims is durability. Republican Senate Majority leader Mitch Mcconnell is calling for a smaller more focused stimulus package for the u. S. Economy as democrats scale back demands to find a route forward. The base
Even though the gains have been so big, up until now it doesnt mean you should bail out and not get in on the game. I do wonder, jon, especially if we dont get a fiscal support package, especially if we do get increased deterioration in the economic data, i do wonder if well see a change in sentiment. Jonathan what if we get more restrictions . California, the governor, mr. Newsome had this to say yesterday. If these trends continue well have to take much more dramatic, arguably drastic action. If hes implying they might have to have a shelter in place order like back in spring or a flavor version of that, how do we get through that if we dont have the fiscal hand down from d. C. . Thats the question going into december and 2021 . Lisa the markets have shrugged this off completely. The deterioration some of the High Frequency data. If you want to look at the v shape recovery check out manufacturing which brings us to what we are looking at today. U. S. Manufacturing data, construction,