You are looking at a live picture of air force one. It is located at Moffett Field right now, and we are told President Biden is on his way here, where he will board and then leave for seattle today on getting answers. President biden is indeed filling up his Campaign War Chest here in the bay area. But is the current wave of protests on the israelhamas war affecting his reelection . Could it be true the elusive Northern Lights, usually over the Arctic Circle visible from the bay area tonight . Whats happening in the sky and where you could have the best chances and bay area professional women unite where you can hear from Martha Stewart , kara swisher, Jackie Speier and many more inspirational leaders happening in just two weeks. Youre watching getting answers. Im kristen sze. Thanks for joining us. President biden is on his way to Moffett Field from palo alto at the home of marissa mayer, where he just finished his campaign stop, his fundraising event in a whirlwind bay area. Stop po
Yields we continue to grow lower in stocks. And everything about the q4 playbook begins in the direction for yields. I do not see any fundamental catalyst in front of us for yields to fall. The last several days and certainly in the previous quarter, the equity market is telling you what the playbook should look like, and you think about utilities and in q3, they bolted down 10 , and its not about a safe haven. Utilities are down today alone, and high yielding sectors are not advantageous. The only area of the market i believe you could have a degree of confidence that while rates could stay higher for a sustainable amount of time is the mega caps. We go through the reasoning behind it, whether its the strength of the Balance Sheets or whatever it might be, and i believe a lot of it has to do with positioning. You have seen the nasdaq is slightly higher while the s p is down. Its not coming from financials. Look at financials and they are down two to 3 in the last five days, and target
Good morning and welcome to daybreak australia. Im paul allen and we are down to asias nature market oh. Asian stocks pushed for a week open with trade risks overshadowing the deal to avert the u. S. Shut down. Data showed factory activity picking up for the First Time Since march. A private survey indicates slowing expansion. Home prices showing strength in september driven by soaring demand read the rba expected to hold rates again on tuesday. And some breaking news out of the gates in australia. Bank pmis for september a a slight pickup, 48. 7 is the reading from the 48. 2 we saw in august we are still in negative territory but a strange trading day including australia. There is a pu holiday in australia. Dsx will trade as normal however we might see less volume tha usual. Elsewhere weve got the dollar below . 65. We are anticipating a weaker opg when we get going in australia. Futures are down by half of 1 at the moment read youve got new zealand trading, coming down to election da
Paul hello and welcome to daybreak asia. We are coming down to asias market opens. Shery asian stocks are poised for a week open with Interest Rate risk overshadowing the deal to avert the u. S. Shutdown. Mixed messages on factory activity. Data picking up for the first time. Plus fords ceo blasts thuw demands for future battery plants with expanded strikes into their third week. Paul lets look at markets around the region. Trade in australia, we moved to weekend the assets is trading. We may see soft volume t because it is a bit of a strange day. Outh wales here, much of the country is trading, the ai sex is trading but we have action at the moment. The bon side is quiet. We do course have a reserve bank meeting rro with Michelle Bullock having hr first meeting in charge as governor. We seem Consumer Prices taking up inustralia, adding some weight to the idea that the rba ma have one more move left in the. The inflatiead later on. Aussie dol is 64. 31. Elsewhere have nikfutures lookin
Cvs has announced plans to purchase aetna. Cvs has a mass tive footprin across our region. 65 stores in the city of philadelphia alone and they are in virtually every town in southern jersey and northern delaware, too. But now this megapharmacy chain wants to do much more than just sell you shampoo and fill your prescriptions. Cvs storefronts like this would become the front doors to patients entire health care experience. A onestop shop for all types of medical needs. For regular customers like bob reinhart, this sets off alarms about fair competition and fair pricing. Too many businesses buying out other businesses and becoming controlling everything. Reporter cvs 69 billion acquisition of aetna, they plan to add more medical Services Inside cvs stores and get more involved in managing patients conditions. According to this health ceo this morning. The next step is executing and beginning the integration process. They can go way beyond dispensing medications. They can broaden their s