In napa and clear lake and weve seen cold temperatures elsewhere as well. Well continue to watch that as well as the fog. How is it looking for the commute . Things are changing right now. We do have that deadly crash at camino diablo. Fog registering in the south bay. The metering lights just turned on before 6 00. Quickly filled in all of these lanes right here and a bigger factor looking at the oakland camera with that fog. The low clouds creeping down across the nimitz, the peninsula, south bay and east bay. Stay with us. Well give you updates. Back to you. Thank you very much. We begin with the rising number of covid patients. Today in the bays Cierra Johnson live in San Francisco this morning monitoring the already overloaded hospitals. And i know state Health Leaders there are being very clear the next few weeks could be critical especially as we move into the winter months which could make things worse. Reporter weve been talking about that surge expected after thanksgiving and
Valley, down to the 20s and 30s this morning. It is definitely a colder start than what we have been noticing. One of the coldest mornings this season. 31 right now in santa rosa. 38 in napa. Right now, 39 in redwood city. Down to 33 in mountain view. 36 in san jose. Right now, 39 in in San Francisco lets talk about that frost advisory for the northbay Interior Valleys. Temperatures down to the 20s and 30s. So, below freezing. That is why the frost advisory is in effect until 9 00 am today. As we go through the afternoon, we will see the sunshine cool below average. Daytime highs in the mid to upper 50s to low 60s this afternoon. I will let you know how long this will last and when we see our next chance for showers coming up. It is cold and windy. Plus, we have a Traffic Alert around westbound 4. Right in martinez, we still have lanes blocked because of this trouble spot involving some sand in the roadway. Caltrans should be on scene shortly but in the meantime, you have quite a bit o
Via the coronavirus, and there is not much of the fed chair can say. Coronavirus is making all the decisions on the economy. Weakersales coming in than expected, actually the weakest since april. The High Frequency we have seen since then suggest the economy is slowing even further into november. The problem of course is there is no help from the fiscal side in washington, no talks about any additional covert relief package. Getting to the end of the year, most of the cares act expires. So people are looking to the fed, particularly people in the markets. They are looking at the yield curve, which has steepened slightly, still under 1 on the 10year, but there is a feeling that if the fed wanted to do something they could start buying at the longer and, changing the weighted average maturity of their purchases. If they did that, push down on Interest Rates. There is a feeling they may do that in december to send a message that we cannot do a whole lot to stimulate the economy but we are
Christine lagarde, president of the ecb, moderated by Francine Lacqua. Francine what a great pleasure to be here with Christine Lagarde, president of the European Central bank, and welcome to the forum here at bloomberg. Everyone is talking about the vaccine. How will that actually change your forecast and the economy if we do get a vaccine early next year . Ms. Lagarde it is lovely to see you and to participate. To your question, i am not sure it is going to be a major game changer for our forecast, simply because what we had anticipated in our baseline was that some stage in the first half of 2021, there would be a vaccine, and that it would be rolled out in the course of 2021. So it might be a little back celebrated a little bit accelerated given the news we are receiving from the various horizons, germany, the u. S. , but i dont think it is going to be a game changer, so to speak. I think that our forecast is being revisited all those times we speak, and we will be releasing on dec
Use authorization its covid19 vaccine. You can see pfizer punching up about 1. 7 at the moment. Remember that were looking at a comeback perhaps late in the day, in the next 59 minutes, because that is the dow had fallen 430 points, now we are down just 116. Any gain for the s p, the russell or the transports means another record. Were not there yet right now. The nasdaq up 9 points. Fed chair Jerome Powell also giving markets a boost by calling on congress to get moving, already, on a new stimulus package. Former chair of the council of economic advisers under george w. Bush and now Columbia Business School emeritus dean, Glenn Hubbard is here on whether we need it, how big it should be and how worried he is about the precarious recovery. The ceos of facebook and twitter forced to run the Senate Judiciary committee gauntlet on capitol hill once again. One senator equating the social media sensations as quote, modern day robber barons. The ceo of whats being called the antifacebook is