Driver. According to police officers, more importantly was a witness to the scene so they did talk to that driver and that muni bus about 2 minutes ago just left here as far as this intersection it looks like now that the tow trucis here. Its kind of take a little bit longer because they have obviously remove the suv and then that blue honda but could wrap up at around 10 oclock or so back to you all right, thanks a lot. Well. 9 oh one is the time, lets also find out about the weather too because weve seen fog blanketing the entire bay area this morning. How long is it going to be sticking around john it looks like weve got at least another hour of it for most areas guys between 10 11am i think is thats when most of the clearing is about to occur so still late impact for those of our those of you who may be or later commuters getting out there into this gray mess that weve got going on you can see from berkeley here. There is definite blanket of fog in the distance, but there is some c
Do you dunk the entire covid cohort or stick with it on a dow when the rose 183 and the nasdaq gained 1. 8 the reaction to zoom Video Communications after it reported a good quarter that wasnt quite good enough for wall street. This company practically sin none mouse with the new normal and look ban on 2020 as the year of zoom so when you see it down 15 its alarming. You got to wonder what that means for the rest of the stayathome stocks. The answer, nothing. Just because zooms insanely high growth is decelerating that doesnt mean the trend is over in fact, id argue it never had gone away because this year has shown us millions of jobs can be done better from home. No need for that central office. Why go to meetings to negotiate or sign documents when you do everything over the web and save millions, maybe ten, maybe hundreds of millions in travel, hotel, dinners, zoom, i mean thats how the 39 billion s p global ihs market deal was consummated as we heard from Doug Pederson on mad mone
Pfizers chairman admits that theyre not sure if someone can transmit the virus after vaccination. And call it a box office reset, warner bros. Will release films simultaneously in theaters and streaming platform hbo max it is a seismic change, carl, in the economics for those related to the film business and well certainly be willing to and happy to take a closer look and discuss it. Yeah. Fascinating change in the economics there. But, guys, jobs numbers, the story of the morning, jim, not just the number itself and the trend it outline, but the degree to which it is going to color the debate on capitol hill today and maybe next week. I think it is enough ammo to say, look, we have to do something, there is some areas of the economy that just are cannot be sustained. Dont forget, these numbers are ahead of what will be a gigantic eviction notice that more than maybe more than 13 Million People get in january. I think this number is just enough to be able to say, lets compromise it is
Recent news make you antsy about playing alibaba. Professor khouw helps you. Its time to risk less and make more options action starts right now. Lets get right to it retail rescue taking aim this week at xrte outperforming the Broader Market by more than 5 as a number of names pulled out earnings beats but our chart master says it may be closing time for the retail space. Carter, what are you watching . We know that retailers typically report earning late in the cycle and we heard from almost all of them now and it has been quite good. So the question is, is it a bit too much lets look at a few charts and tables first, of course, the etf xrt is the spdr s p 500 retail what you can see here is 84 stocks and 3. 1 trillion youre talking about the biggest names in there with walmart in there and tiffany, costco, amazon, macys, urban outfitter, ebay, footlocker and it goes on and on. Look at a few tables first onemonth up 7. 25 versus the entire Consumer Discretionary sector up 1. 4. Look
Work and no relief in sight. Speaking of relief, the top democrat in the Senate Chuck Schumer has republican Majority Leader Mitch Mcconnell agreed the rekindle talks about a stimulus package the senate is on recess through next week. We will speak with Colorado Governor Jared Polis who just moved 15 counties including denver into level red restrictions he is also part of a group of governors speaking with president elect biden this weekend. Plus we will talk with the ceo of the National Association of manufacturers who is working with bidens team to help fight the pandemic today we have with us mike santoli, steer liesman mike, the broader markets are well off the lows as we speak. They are. Kind of a little bit of an aimless back and forth type day. Absorbed a little bit of a morning selloff. Didnt do any real damage it has been firmly bid, especially with son of the bigger nasdaq stocks coming back. Holding the indexes together relatively well. As we speak, the s p around 3,580. Tha