[ crowd chanting ] contested elections. Undelivered ballots, legal challenges for days. What role the courts will play in this historic election. Good evening, whoever wins the presidency will do so on a razors edge we think well know before the newscast ends in a few hours but the winner has no mandate. We are not one United States, not right now. The evidence is irrefutable. We are two tribes who see this nation, its troubles, its trials, its triumphs vastly differently. We have our own priorities, goals and aspirations. We disagree about what america is and should be and many of us appear primed for a fight. Theres no solution that magically presents itself upon transfer or continuation of power. At some point maybe we better understand each other and Work Together towards common goals, were not there yet. Thats clear and if the elections process has taught us anything its that the road to unity does not run through it and may, in fact, lead us further from it. That said i can repor
I mentioned microsoft reporting. You have four big names on thursday, amazon, apple, alphabet and facebook. Tech is the sector most likely it is see its earnings hold up. Care were theh sectors that posted profits and sales growth. All of that is priced in, which is why value stocks have outperformed in october for second straight month. Gina martin adams at Bloomberg Intelligence says Growth Companies are beating estimates more widely than Value Companies , but analysts are upgrading their forecasts more for the Value Companies and for growth. When value stocks do beat estimates, they outperform the. P 500 david weve been talking about the stimulus. Now it is pretty clearly off, at least until after the election. Our markets reacting to that . Scarlet we still see it in the equities because we are not getting we also see it in safe havens like the u. S. Treasury market. The 10 year yield is down for a third day. Also below its 200 day moving average, trying to get past that but we are
Two agendas. This election will decide whether we save the American Dream or whether we allow a socialist agenda to demolish our cherished destiny. The president tonight condemning democrats and painting a bleak picture of a biting presidency, saying that no one would be safe and joe biden would quote, demolish the suburbs and take away guns. The president s speech hit all his familiar themes. He said he is ready to write the next chapter of the Great American story, pledging to create 10 million jobs in 10 months and restore the nations prominence as the worlds greatest superpower. Ktvu political reporter quickly is here and both parties have had their conventions and we are 67 days away now from the election. Reporter good evening, President Trump and other speakers tonight created an image of any phonetic restaurants. While its clear both these parties dont agree and a lot both nominees stressed how important the selection is. On the south lawn of the white house resident donald tru
Shortly. Onhave got hopes of progress a vaccine and signals that they are making progress in terms of the u. S. China trade tensions. Both of those really firmly supporting the risk rally that we are seeing. Let me show you the state of play with the stoxx story. The back ofming off record highs in u. S. Stocks. The good times might not last, according to morgan stanley. They are saying the market is vulnerable to shocks, especially rising rates. Treasuries are on the back foot as we speak. We are looking at a weaker greenback. 830. Dollar at 1. 1 yeah,ps a little bit of a strange one given the wider risk appetite. The folks at pimco saying the gold rally is it played out yet is not played out yet. They believe gold remains attractively valued, especially in the context of low Interest Rates. Here are some of the stories we are watching. Both of the u. S. And china are seeing progress under their phase one trade deal. They are committed to the success of that. Senior officials from the
Contained. 80,000 acres of burned there so far. Cal fire is expected to give an update on the ccu fire any moment now. We are monitoring the briefing and will update you with any new information a bit later in the newscast. In the meantime, progress made by cal fire in the Santa Cruz Mountains may allow for people to return to their homes by early next week. More on that from ktvus jesse gary. Backfiring like they call it is under very specific conditions. We dont just use it for whatever. It is not just a random action. It is a very planned event that we use for the fuel. We bring that fire line to a safe area. Reporter late wednesday, cal fire cruise intentionally lit fires in the missive and make a brush fire, burning portions of santa cruz and san mateo counties. Firefighters are testing the viability, doing multiple controlled burns in the area bounded by l soil road to the south and how low road to the north. We want to contain the fuels between the control line and the main fire