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Investors are shrugging that off as stocks look to rally at the open. One name that may not rally is zoom. Shares of zoom are sinking yeah, in the premarket, work from home stock taking a hit from a rising free user base and increasing cloud costs and we have vaccine optimism, moderna and pfizer filing for emergency use and Vice President pence says vaccine rollout expected to begin in two weeks carl all right jim, i guess the question of the morning is whether that rotation, that worked historically well in the month of november, still applies. I think were running out of gas in terms of the oil and gas and focusing on exxon. Stock may not go down, giving the dividend, it says, look, were at wits end and the big Exploration Development period for exxon, market leader, u. S. Leader, is i think now over. We are following were following europe and japan and i think tha ....
So as we await those developments, weve got the dow, lets check it here, up 52 points. The s p better by 15. The nasdaq, up 58. All three of these indexes were down double to triple digits earlier. Right now, the nasdaq has been on fire. Now, since the march lows, its been the winner, right . The home of apple, facebook, microsoft and so many of the tech blue chips is a stock that is up. Nasdaq ceo is here to tell us where she sees big tech and all the other sectors in the nasdaq heading in the near future. And what might happen after the november 3rd election. Plus the zillow cofounder is not house hunting, hes Company Hunting. Hes here to tell us what hes looking for for his blank check company, his spac called super nova which just blasted off. Selfdriving cars, speaking of blasting off, roaring into the future and the present, hitting the streets of San Francisco without ....
Been happening out there. We received word that officials are planning to close down a city jail in the middle of all of this. Well talk about the timing. Back here in the new york area, there are some in business who are now saying that new york city is among the worst places in this environment to do business. Well talk about why. Also talk about, when and how that might change. It is all coming up coast to coast on a wednesday. Edward lawrence starts us off on the aforementioned drug price wars and vaccine developments. Joining us live from washington. Hey, edward . Reporter connell, pfizer says they will have 100 million doses of Coronavirus Vaccine by the end of the year. Now the u. S. Government has a deal to buy all of those doses from pfizer and biontech which they partnered with for that. Federal government will pay 1. 95 billion for all 100 million doses by december. We have five vaccine candidates that prioritize t ....
It is a pink glow in the sky. Its so pretty. It will warm up. We dont have wind. Thats the good news. I think we reached our lows for the morning. I cant find any fog. June is usually front and center with fog. It is very patchy. Its disappearing. The air mass is to drive. Its been an unusual pattern since april. We have 50s this morning. Evermore is 52. Temperatures are bumping up. Its not without the added benefit of wind. Oakland is 81. San jose is from 8286. The wind was due north yesterday. In marin county, it is northwest. The highs of send things up and over. We are in the 70s, 80s and near 90 for some. We have quieter things picking up. Things are picking up, steve. We are at the babe bridge toll plaza. Lets talk about the commute. Traffic will be busy at the toll plaza. You will see that traffic is going to be a little slow here. This usually happens until about 8 00. It will then start leveling off. If you want to plan your morning around it better after 8 00, all bets are of ....
Im hopeful we will very much try to learn as much as possible from that facility and from all the other ones. We have a lot to learn here. We will certainly be trying to do that. In terms of fiscal concerns, for many years, i have been before the fed, i have long time been an advocate for the need for the United States to return to a sustainable path from a fiscal perspective at the federal level. We have not been on such a path for some time which just means the debt is growing faster than the economy. This is not the time to act liz well, you know what, it was going along really, really well and it was making history. That was of course chairman Jerome Powell of the Federal Reserve. This is the very first time we have ever had i guess its considered a zoom Federal Res ....