Valley. Everywhere in red there the potential for a high fire danger. Look at the winds. These are at the surface. 37 at fairfield, 32 in novato, 43 in santa rosa. Theyre even faster up in the hills. That means theyll get faster down in the surface once the sun comes up. Thats why we have that wind advisory through 11 00. Near record high temperatures today also from 66 in Half Moon Bay to about 74 in santa rosa. We have hazards at our beaches also and another potential red flag warning coming up in the accuweather 7day forecast. Thank you. Bay area firefighters were busy this weekend preparing for the potential fire danger that is stretching into today. Red flag warnings in december are rare. The last one happened in 2017. So with winds through tonight, firefighters are remaining vigilant. I dont think any of us thought we would be upstaffing and moving into a red flag and wind advisory for december. Its not typical for the bay area. The concern for winds like this, they will likely b
News cribber john solomon are here, joining me in the you 8 0. Earnings season rolling of on. Big banks on deck this morning. All the numbers as soon as they hit the tape and impact on markets. Broader markets pointing to a gain at the start of trading, dow industrials up 84, nasdaq up 28, the s p 500 up 10 o 10 poin. Yesterday stocks were sluggish over weak Quarterly Earnings and halted covid19 vaccine trials. At the end of the day, the s p 500 was lower by 22. Shiny now apple, the Technology Giant unveiling four new iphone 12s ss for your convenience. Coping tips from outer space, astronauts have isolation advice for the weary public and its making a buzz this morning. Mornings with maria is live right now. European markets in the green, take a look. The fq100 up 14, the cac is up 1 andahalf and the dax index higher by 15, fractional moves this morning in europe but to the upside. A mixed story overnight in asia, as chinese president xi jinping is calling for young People Living in h
Overnight that washington could be delaying easing up restrictions on huawei as part of the trade war deepening tensions potentiallimentpotentially ment and we have the s p 500 and the dow coming off some highs yesterday. Overnight in asia, we had some interesting news out of japan. Theyre changing the way theyre buying maturities across the yield curve. We have the nikkei higher by 0. 4 we have red arrows on the hang seng and shanghai. New china data overnight that showed food prices surging 9 , largely in part due to a surge in vegetable and pork prices european equities, down arrows across the board the dax is down by 0. 9 . Treasury yields, this has been the focus all week, yesterday the intraday on the tenyear yield was 1. 793 we are seeing extraordinary moves on a daytoday basis. Getting close to the twoyear feeling it feeling it feeling it little resecessionary feeling i. We have one other piece of Corporate News to bring you. Uber shears undehears unde s uber shears undhares un
Wapner starts right now. Welcome, good to have you with us on this tuesday. Our Investment Committee here at the table. The ceo of arias Asset Management stocks are in the red, again a day before fed chair Jerome Powell delivers testimony before Congress Amid expectations that the central bank will cut Interest Rates later this month. So much, pete, it seems is riding on that what felt like, i dont know, almost like a foregone conclusion but then you have the jobs report and now there seems to be some question as to whether powell and Company Really have your back or not then you have larry kudlow talking about hes probably safe i mean, i dont know how much you buy. Or is that a negative that he gives excellent coaching in the sporting world everything is great everything is great now youre out of here i tell you what, that wouldnt be shocking to me. I dont know if that is shocking to anybody on the desk it wouldnt be shocking to me. I think that is the focus right now. Trump has gotte
The fed futures priced that out to july instead of june. If you look at treasury yields, there was a 10basis point jump in the tenyear yield. 4. 27. The twoyear yield at 4. 68. Looking at the hotterthan expected Producer Prices for two months whand hotter consumer prices, it makes you won beder t you see with inflation. The price of bitcoin as we talked about that before we came on it never closes. You never know to base the change. That change doesnt tell you what is happening. Here is the range from yesterday. I can look at coinbase where i watch it. The high was 73,418. We say that. The low was 65,500 i did some math. Thats 8,000 on a 73,000 stock. More than 10 . If you decide you want to tread into this, be ready to buy at 73 and wake up the next morning to see it at 65. The weird thing about it, gold and bitcoin is supposed to go up with inflation. When inflation is running, it means the fed will not cut. They will not print. Liquidity play. They will not print and everybody wants