Moderna says its vaccine is nearly 95 effective moderna up 9 , 10 right now while the other vaccine stocks are actually dipping we are awaiting president elect bide wren to give remarks about state of the economy after meeting with top Business Leaders and ceos today well get you there when it happens as power lunch starts right now. Thank you, ty. The dow was soaring to alltime highs, just shy of 30,000 today. All signs pointing to a continued rally except for one, a very important one lets go to bob pisani for more on that. Bob . We are seeing that moderna is helping the market overall and continuing a trend that we saw for the last really week and a half lets take a look at the sectors here the story is valuelike banks and Energy Stocks has been outperforming growth areas Like Technology for example nen weve seen cyclical sectors like industrials, for example. Generally outperforming defensive sectors like consumer staples. Generally small caps have been outperforming big caps in is
Effect in the mountains we could see easily a quarter eufrpbl to a half inch. Santa cruz mountains could see an inch and a half same with jenner. Winds will be a little bit of wind in the higher peaks. This thing is not one and done. Its got a little bit to it. Here we are tomorrow morning. 9 00 a. M. There it is. Pushing through. Thats at 10 00 a. M. And then you see it moving into san jose about 1 00 in the afternoon. Look up in the mountains there. See that yellow. Thats significant stuff. Thats going to be a winter storm warning with big snowfall, high elevations its a warm storm. And then here comes the back up the secondary wave and that is on wednesday. Scattered showers continue. Good time winter stuff. Nothing out of control on a scale of 110 this is about a 6 for a winter storm. Boy we need it were going to get it. Wet day tomorrow. Ill time it out tomorrow for your commute and your wednesday. Bill, thanks. Reminder you can track in coming storms with the ktvu weather app. Yo
Moving into the yellow tier. Governor newsom says that it is necessary as the positive rates increased. Every age group, every demographic, racial, ethnic, in every part of this state. We are seeing case rates increase and positivity rates increase as well. No longer concentrated and just a handful of counties we are seeing Community Spread broadly. Now throughout the state of california. Governor newsom said the state has been preparing for this moment and has 11 surge facilities that can be activated if hospitals become overwhelmed. Some of the counties going purple actually dropped not one but two tiers at once. Napa county is among them. Ktvus Deborah Villalon responds. They used to get a few days notice now its just one day so people are surprised. Reporter its last call at tarla grill. From now on its just take out or delivery. Were going to make sure it stays here. 24 employees here now, they will drop to 10. They only two 20 seats under cover outside. Im not sure how were going
Wall street is looking for any clarity on stimulus following President Trumps tweets, suspending further negotiations until after the election yesterday but calling for targeted relief since then for airlines, Small Business and a new round of 1200 checks. Eli lily saying its seeking emergency use authorization for antibody treatment dr. Gottlieb says its a major step forward got a bit of reversal from yesterday. Quite so. On todays show, restauranteur danny meyer putting out a plea for lawmakers to come up with a stimulus plan. He will discuss what it would mean for the Hospitality Industry if help doesnt come through soon plus kara swisher on whether any of that will mean real change Steve Liesman has the fed update for us, and joining us to break it all down is jeff sherman from double line capital. Steve, lets start with you. Wilf, thanks. Fed officials in their meeting from september had begun to have concerns about the possibility additional stimulus would fail in congress. They
Of mass unrest on a disputed president ial election. And in beirut people gather at the port where the devastating chemical blast occurred a week ago it comes a day after the countrys government collapsed when the cabinet quit on massive i mean huge pressure from the protesters. Who are watching R T International coming to you live from the russian capital where its just turned midnight welcome to the program. Russias claiming to be leading the global race against the coronavirus president putin says the countrys the 1st to register a vaccine which is now ready for mass testing. Yes we can use using the sea would you as far as i know this morning the 1st vaccine from corona virus in the world was registered on the countrys Health Minister to further inform us about that but i already know that its working effectively and forming a tough immunity is the one. That ive seen was developed at a Moscow Institute its 1st Clinical Trials were said to have been successful and mass production is