Nominate janet yellen to his treasury secretary. She would become the first woman to hold the position. Janet yellen has pushed for more fiscal spending during the pandemic. Credentials could covid passports restart International Travel . We will discuss the latest strategy with its ceo this afternoon, and before then, we are joined by the chief executive of the dutch flag carrier. Do not miss that conversation. It is 6 00 a. M. In london and 7 00 a. M. In zurich. A little bit of breaking news on novartis and we will come back to that in a moment but there is a Share Buyback of up to 2. 5 billion. So we will touch on that in a moment but i think we are in this momentum and we have almost got this goldilocks between a vaccineon starting, narrative, and janet yellen did not get Elizabeth Warren so thats probably part of the cheer on the streets. Certainly. I think wall street will embrace it but also the progressives will embrace her but with this pick which is historic, the first female
Live from the bay area studios, this is kpix 5 this morning. Right now, on kpix 5 and streaming on cbsn bay area , we are looking live from our exclusive Salesforce Tower camera as we look out east. And new mandatory evacuations overnight in the north bay. We have more on that in a bed. Good morning, it is tuesday, september eighth. I am Michelle Griego. I am len keise. We are trusting gusty winds. Lets get a check of the weather with meteorologist mary lee. Wind gusts are up to 40 miles an hour in north bay mountains. Critical fire weather conditions and we are watching the winds take that turn out of the north and northeast. It is very dry air with that onshore flow. Red flag warnings are in effect for the north bay. Until 8 00 on wednesday, we are looking at low relative humidity values for the north bay mountains from 5 00 until 11 00 because of the possibility of downed trees and power lines and wind gusts up to 15 miles an hour in the north bay mountains. It is a big concern. Our
Points at the lows, the nasdaq nearly dropping back into correction territory after hitting an alltime high just last week. Tesla down more than 34 from its alltime high hit last wednesday. Apple down 18 , microsoft and alphabet too seeing some major losses when does the pain stop, guy obviously ive been pretty skeptical the entire move higher or most of the move higher something sort of struck me last week, i think it was wednesday when you had those headlines from the cdc putting on notice people from the 50 states to get ready for the vaccine and the market had that huge rally to the upside what caught me by surprise was the fact that the volatility index didnt buy it. That was the tell. I think it continues to be the tell to answer your question, i think youre going to see the bottom on a day where the market has a big move to the downside coupled with the day the vix actually moves lower as well. We didnt see it today the one thing that really struck me as upsetting today or somew
Here are your top headlines from the bloomberg terminal. The fed flags the risks. Global stocks slide. U. S. Central bank minutes say the virus will weigh heavily on Economic Activity. Also betes will released later on today. The u. S. Suspends its extradition treaty with hong kong. Beijing and washington are also set to play in resumption of trade talks after last weeks flop. The eu rejects the results of the belarusian election. The block falls short of calling for a fresh bowl even as eight individual members back that kind of mood. Move. Lets take a look at futures. We are seeing red across the board in terms of european futures. More than 1 drops on the euro stock. Ftse very widely traded. Dax futures in frankfurt. Acrossseeing red arrows u. S. Futures as well. Still looking at drops their. 0. 5 on s p, dow jones, and nasdaq. Anna . Anna we see the European Equity market having to catch up a little bit. Lets get to breaking news in london. Too late is where they operate. Numbers c
California and acss the nation. In washington, d. C. , the senate is working toward a new Coronavirus Relief package, thdr white house ped its demand for a payroll tax cut, which gop lawmakers had opposed, big divisions remain as unemployment nefits are set to expire next weekfor 20 million people. Meanwhile, democrats on capitol hill are championing a 3 trillion relief planhat includes eight. Closer to home, governor gavin newsom announced on tuesday, california recorded mo than ,000 new coronavirus cases, its highest daily total get, cafornia now has the most number of cases in the nation, surpassing new york. Joining us now by skype to discuss this, our political and government correspondent, marisa lagos. With us by skype from palm springs is scott shafer. So, lets start with the national picture, i want to askr you, presidenp has canceled the Republican National convention that was to be held ti jacksonville, that this was not the right time to bring so many people together, he al