Santa rosa in 38. Its 39 in livermore right now. 43 concord. 46 oakland. The afternoon is just like yesterday. That means sunny, warm and beautiful. Mid to upper 60s. How is the drive looking . Its getting busy this morning as you work into the pass. Its the usual stuff for the super commuters going westbound into 580. Thats where we are seeing most of the delays. Expect a few brake lights. The good news, no accidents or incident for that portion of the freeway. Travel time 30 minutes 205 toward 680. Right now looking good across the east shore. No delays along highway 4 and that ride out of the south bay so far so good. A few brake lights starting to form for that morgan hill commute. Bay bridge toll plaza quiet, no metering lights and its a very easy ride as you work out of the east bay into the city. Live news desk. We will watch this morning on the investigation into that huge fire that started in a berkeley seven story apartment building. It caused the evacuation of a nearby three
September. What is interesting, with the this on the screen, unconventional transaction of tesla. Additional 5an billion of shares geared toward perhaps the nonmainstream, the nonwall street crowd. Tesla is interesting because people using bubble with stocks. 2 tesla. Tom a recent secondary, even with moonshot on the markets. This will not be publicly offered. It will be Equity Distribution and distributed by banks as tesla chooses. Somewhat akin to what we saw with lesser successes. Here,l be widely studied the why of this transaction as well as the need for 5 million they are looking for. Here andarkably up big still elevated from where they were. What else are you looking at . Ina the story today markets, aside from tesla, is the dollar and the question of whether people are going to say this is the end of dollar supremacy or if this is just an indication of the low yield, the negative real yield and this idea of global trade. It is the two sides of the story. Tom not only yields do
Lauren simonetti watching the markets, Edward Lawrence reporting from washington and lauren as we close out the week we start with you. Investors are weighing stimulus, the vaccine hope against the infection, the dow is lower above 2 this week and up three weeks in a low, with s p 500 in the nasdaq again but snapping a twoweek winning streak. Take a look my dear mike, a lot of momentum for the biotech, it is up more than 50 on the week. One of five drugmakers that are testifying week on their work before congress. Also there is reports that these drugmakers are negotiated in advance purchase deals with European Union and you can see outside gains for novavaxs in a novena. Another game that we saw this week is rotation out of the big tech stocks, some investors used a source for other purchases, on the weekend amazon down seven and half percent, microsoft down 5 and netflix fell 10 on disappointing subscriber Growth Expectation for this current quarter. Investors question the momentum t
Upheaval in the u. S. Tom the markets really are a separate discussion. Just as we went to eric, i could hear not one that just as we went to air, francine, i could but maybene, not two, three sirens. This is on the Upper Eastside at the edge of harlem at mount sinai hotel. Those are sirens of the new york city in protest overnight, including the mayors daughter being arrested by, according to news reports. It has been an extraordinary 12 hours in washington. Francine and it shook many people to the core. Lets get to first word news in new york city with ritika gupta. Ritika there were more violent protests across the u. S. And thousands took to the streets in Peaceful Demonstrations against Police Killings of black people. That was overshadowed by violence from new york to minneapolis to los angeles. In more than 20 cities, several National Guard troops have been deployed to help local police. Another sign of a trade deal between the u. S. And china is in jeopardy. The u. S. Governmen
Thursday as washington awaits. Youre right, the ecb will be very important. Jonathan ferro made clear to me the optionality that madame lagarde has is extraordinary. Weve got claims at 8 30 washington time, new york time. That will be a precursor for jobs day tomorrow. All of this is overwhelmed by the historic moment. All i can tell you, just one vignette, francine it was extraordinary to see the handwritten note by the chairman of the joint chiefs of staff yesterday, to his officers and his troops. That was truly an historic moment. Francine we will spend a good amount of time talking about the military, given what we heard and general mattis esper. Lets get to bloomberg first word news in london with leighann gerrans. Leighann good morning, francine. As you were discussing, President Trumps former defense sayingry, jim mattis, is the president misuses the military and is dividing the nation. He also said the country must reject those who make a mockery of the constitution. President