2 , the nasdaq down about 1 3 4 that very much in focus because of those earnings that are looming. Joe teranova, you first. Youve got dr. Gottlieb saying the u. S. At a tipping point, youve got mark meadows at the white house saying were not going to control the pandemic. Is this mountain getting too steep to climb for the market . Well, without stimulus the answer to that unequivocally is yes. Rising virus cases need more stimulus there has been overs last couple of weeks a modest broadening out of the rally within the market, but its really been all about industries, scott, industrials, trading to an alltime high as a sector but why is that . Its on the belief there would be stimulus, consumer discretionary, examazon trading towards its highest levels why is that . Because theres monetary support in the form of stimulus. It just highlights how important stimulus is. You need this mosaic of coordination to respond to the virus and any incident of rising virus cases learned itself to
Billionaires index. Raise 30 5ting to billion in hong kong and shanghai. Aviation in australia. Alice springs emerges as the ideal place to store passenger planes left idle by the coronavirus. Shery. Shery breaking news out of south korea. We are getting the preliminary thirdquarter gdp numbers and we are seeing the quarter on quarter the economy has grown 1. 9 , which is beating expectations of 1. 3 and this is also coming after its first recession since 2003. We saw a contraction of more than 3 in the previous Second Quarter. Youre on your, still a contraction of 1. 3 but its a much smaller contraction than was expected and it is also a contraction that has eased from the previous quarter. We have seen growth and strength when it comes to south koreas exports and manufacturing industries. Thirdquarter manufacturing actually growing 7. 6 quarter on quarter when you look at the details in the gdp numbers. We have seen the rebound in china. South koreas biggest trading partner helping i
Are made after winning the fda approval. Linda severe is the first to gain fdarst approval. President trump used it when he had the coronavirus. Lets see sydni joining the fray and this fridays session. Week ofto the last trading. We are seeing pretty modest gains at the start of trading. Under 1 10. The aussie dollar is showing strength. Broaderitting against a drop kiwi stocks are just moderately. Going out to stir up merck conversation as to when they would feel to take a break and negative territories. Markets are looking at that in the early part of next year. The kiwi dollar is holding firm. In terms of what else we are watching, and the japanese markets, we are seeing a pretty lackluster start to trading there. Singapore is expected to drop a little bit later as well. Story,to our top President Trump and joe biden are preparing to face offer a second and final time. Their last debate will be in nashville in a couple of hours. The biden camp is saying that they are repaired for p
I think its going to be another warm one. It was pretty warm yesterday, mike. It will be warmer than average again today. Welcome back, reggie, kumasi, jobina. The cooling trend is on schedule. However our critical fire conditions thankfully are a bit slower to develop. So theres some good news to start the day with. We still have historically low fuels. That means the vegetation is drier than average at historic levels. So the fire danger is still high. Thats why we have the red flag warning until 8 00 tomorrow. Lets look at the winds. They are fairly light, up to 40 in diablo, 22 as you head over to the north bay mountains. Humidity level is lower than yesterday. Still around 25 . Lets talk about whats going to happen this afternoon. 68 at the coast, look at that southerly surge of cloud cover. That will make a dent in our warm weather. Thats tomorrow. 70s around the bay. 80s inland today. Reggie . Happening today, forced blackouts for thousands of pg e customers in california. The u
He contrasted his approach to the Trump Administration response. Good afternoon. Night,ow americans, last we saw the president of the United States lie to the American People and repeatedly lie about the state of this pandemic. We saw him refused to take responsibility for the crisis that should have been met with real president ial leadership. It has cost hundreds of thousands of american lives and pushed millions into poverty. We saw him diminish the pain felt by so Many Americans. President trump said, we are rounding the corner, its going away, we are learning to live with it. Those are quotes. As i told him last night, we are not learning to live with it. We are learning to die with it. His is a dark winter ahead already, more than 200 20,000 people in the United States of america have lost their lives to this virus. 220,000 up teachers at dinner tables all across this country. My heart goes out to everything a person who is to endure the agony of saying goodbye to someone they lo