Because we lost control of covid19 today went higher. The the s p gaining and nasdaq gaining 1. 02 . Hospitality and leisure. Has the market lost its mind no we are dealing with cross currents any time stocks get hammered, it seems to trigger visceral vaccine reaction good news bails out. On the one hand we know the cavalry is not coming. It is going to be in the form of at least one, pfizer vaccine, wont reach us until spring. In the meantime the virus is out of control we had 162,000 cases yesterday we are in a rough winter earnings from cisco, the networking type and Applied Materials and walt disney which needs no introduction. It is looking like well have a smooth transition from the Trump Administration to the Biden Administration thats a huge strange and even last week at this time, a notion of trump refusing to make plans to vacate the white house. I am sure you are sick of hearing it could the good earnings continue if you are worried of the virus and encouraged by the vaccine
Comfortably. Hawkish headlines on china and weak Economic Data both weighing on market sentiment. The dow is down 300 points yearly it was down 350 about 20 minutes ago. We have 59 minutes left in the session. Big show coming up four. A true 2020 winner, et ceteray stock is up 250 this year we will talk to the ceo Josh Silverman about the holiday crunch and whether his companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets focus first on the stories we are watching today. Mike santoli is tracking the Market Action into the close meg tirrell has a vaccine update and phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
Than one million new cases. Now new restrictions going into effect in some cities and states. But do they come too late to stem the tide . Well talk to the former head of the cdc in a moment. Meanwhile, overnight there were nearly two dozen arrests as supporters of President Trump and counterprotesters clashed violently in the streets of washington. The president tweeting to d. C. Police to crack down. Well have more in a live report and talk to chuck todd in a moment. Then our sunday focus on a president ial election. The department of Homeland Security this week called it the most secure in American History even as the president continues to cast doubt on the results. We have an inside look at how the vote counters did their jobs during a pandemic no less. Plus, in our sunday spotlight this veterans week, harry smith sits down with marine jake wood who rounded up his fellow vets and created a new global force for good, rushing into disaster zones to bring help and hope. And later, a
The process making road was a little bit wet for some of our upper elevations in the east bay and then right along the now aside from that visibility is actually holding up just fine for most areas as you can see in fog cash shouldnt have much issues this morning and skies will clear pretty quickly on into late morning. Temperatures right now were in the 40s and 50s with concord at 53 degrees oakland at a nice mild 55 youve been our most mild spot all morning long while its easy to spot our coldest area. That santa rosa currently at 37 degrees are only area thats right now in the 30s, im talking what else to expect later on today still to come in your forecast. Course weve got to look at traffic with robin how is it on the roads. Its a little busy out there john for checking in on 92, we have a crowd thats leaving hayward heading off to the peninsula you see the role here getting a little congested, but its still not bad. It started picking up in the 4 oclock hour and we have more folk
The strongest week since back to april. However, you have to put that in context. Two weeks ago was a lousy week in fact, two weeks ago the dow lost just over 1800 points, down by 1833 points last week the dow was up by 1821 points so that was a giveback for the dow kind of starting things over if you look at the other major averages, they got back much more ground than they had lost the previous week. Last week the s p was up 329 points after being down 195 the week before and the nasdaq was up by 983 points last week after losing 636 points the week before but again these gains this morning are significant ones they are adding to what we saw last week. Also, take a look at whats happening in the treasury market youll see that right now the treasury, the tenyear, is yielding 0. 812 so its stabilized after bouncing around quite a bit during the election and the election counting last week stabilized at 0. 812 andrew thanks, becky our top story this morning, president elect biden wastin