The Oakland Fire Department says two structures and a brush caught fire. Crews from hayward fire, Alameda County fire and fremont fire were all called to the scene. Eight people were displaced by the fire for people in the montclair hills have been hit by the pg e Public Safety power shutoff. Lets bring in meteorologist Rosemary Orozco as the intense winds that sparked the power shutoffs have passed. There is still a red flag warning in effect. Where do you start . The red flag warning in the far east bay hills that includes montclair and over the north bay hills. Not because it is incredibly dry out there. And still a little bit breezy. Giving you a look at the conditions you have a northeast wind that continues to keep dry conditions. We are seeing some improvement but in any event, we are looking at the red flag warning with relative humidity reporting 16 in some areas. And we are looking at this to continue until 5 00 this afternoon. More on this in the conditions you can expect co
We stock with the rally on the eve of the vote tomorrow every seconder finishing in the green. The rally after the market hand in the worst week since march. So what does todays Market Action tell us about tomorrows big vote guy, what do you say hi, mel you like my election haircut. I see. Really took it down. Really tight, nice. High and tight. Interesting. Whats it tell you today, i think a lot of people squaring up ahead of the election the vix suggests theres still a lot of concern the six vix at one point traded up to 37. 5 obviously elevated last week saw huge move from 24 to 40. It absolutely mirrors of the move of june 8 to june 11 when it went from 20 to 40 and sms went from 32. To 50 in a Straight Line so the moves are identical, i think if theres a concession speech tomorrow morning this mix of 38 probably has 28 handle theres no concession speech i think the 38 vix remains thats the way im looking at the world right now. Lets be clear, concession speech by either candidate
Alphabet seeing outsized gains and treasury yields are under pressure giving back some of their recent pop, thats weighing on the financials the Kbw Bank Index is down around 3 with 59 minutes left in the session, banks one of the few decliners, sara, broader markets ripping up. We have a great lineup of guests over the next two hours to help make sense of the election, the market and your money. In just a few moments Guggenheims Scott Minerd will join us with his take on the rally and later we will hear from long time pharma exec fred hassan about the impact of the election on health care, those stocks zooming higher, plus kyle bass with a take on what all this means with the u. S. Relationship with china and bob diamond will weigh in on the banks. Lets get straight to the market rally that is happening. Mike santoli tracking all the action. You see a move like this, its very sudden, very dramatic in response to a widely watched known catalyst and you have two things, one is whats the
Joe biden both taking time to honor those veterans who served our country. President elect biden left wilmington to stop by the philadelphia Korean War Memorial at penns landing to lay a wreath there. This is a personal day. His late son beau biden served in the National Guard in iraq. The president laid a a wreath at the tomb of the unknown soldier. This is the first appearance since Hemant Lakhani shun was called. The biden called on the president to concede. I think it is an embarassment quite frankly. The only thing that, how can i say this, tactfully, i think it will not help the president s legacy. Reporter even though President Trump is biding his time, World Leaders are not waiting. Biden had a roundrobin ever calls with leaders around the world congratulating him on his win and recognizing him as the incoming leader of the free world. Biden also says he is looking forward to speaking with Top Republicans and says he thinks silence on their side is because they are quote, mildl
Lets get to dohm. Were watching markets for the s p 500 that have posted about a 1 gain over the last three months and for those people who are keeping track of some of the election markets statistics, its a big number. In the three months prior, some analysts and strategists note that if the market is higher in the three months before an election, its the incumbent party that wins. Well see if that trend plays out. You can see for the s p 500 in that three month span we got a 1 gain entirely because of just today. You wonder whether or not that could play into some of those associations or correlations people talk about with regard to markets and the election overall. But beyond that, there are some interesting themes developing over the course of the past week if you take a look at the outperformers and underperformers, many of them have to deal with the cyclical and value oriented Sectors Technology versus Communication Services, there is a bit of outperformance in Communication Ser