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Whats happening is a covid spec. Cases in the state of california have doubled just in the last 10 days. This is simply the fastest increase california has seen since the beginning of this pandemic. As a result, contra costa is one of 60 counties now in the most respect to purple tear. Joining napa, santa clara, and so dominant counties. Only San Francisco, san mateo, and marin counties are one step above in the right ear. Even so, Indoor Dining is also coming to a halt. Health officials say, the spike is occurring even before the holidays or the heart of the flu season. Thanks giving hasnt occurred yet. The weather just started getting cold. We havent seen anything yet. The fact that we already see surges in cases before all of this that events is particularly concerning. It seems restaurants and bars are getting the blood to the plane for whats happening. People sit at tables ....
Mccabe grilled on capitol hill yesterday over the russia hoax, defending the investigation. But admitting he would not have signed off on the fisa warrant to wiretap carter page again, the very latest coming up. Markets this morning are rallying. A triple digit move this morning with the dow industrials up 190 points, nasdaq up 120 of, s p 500 higher by 25. This after a mixed day on wall street yesterday where Technology Stocks took a hit and cyclical stocks found new life. We will get into it with the dow industrials up 262 yesterday, the nasdaq down 159 at the close and the s p 500 yesterday down about 5 points. Jobs in america, employers are seeing a growth in job openings that rival prepandemic levels. Where are the jobs . We investigate. Plus, insure your bird, Financial Coverage for the centerpiece of the big thanksgiving day meal making a buzz this morning. Morn ....
Good to see you. Cant wait to talk to you about all of those things. What kind of a grade would you give on the direct listing yesterday . I would give it an a. It didnt have the wild volatility or a huge amount of money left on the table that traditional ipos have. I think it was a pretty good day for direct listings. Spencer, good morning, you took zillow public nearly a decade ago if you had to do that again with a company, that is the same, would you do Something Else . I would either do a dreskt listingov or a spac merger. They dont allow the company to leave money on the table we went public at 20 a share. We closed at 37. So we lost a lot of money on the table for an ipo so i think that there is a lot of innovation in the ipo space since a decade ago when zillow went public and i think there is now great alternatives available. Its julia here we look forward to sees what you do with your speak a question for you now that it ....
We start off with all the red on wall street, stocks retreating from alltime highs as the dow drops over 800 points in its biggest oneday decline since june tech starts dropping nearly 6 , snapping a tenday win streak. Is this only the beginning guy adami, what do you think hi, mel remember the carpenters . The car ppenters are one of my o five favorite bands. Weve only just begun as ive said many times, 24 hours does not a day make. I dont want to get into the vix but i will say weve talked about it now for the better part of a week and a half despite the that the Broader Market was rallying, the vix was trying to tell you something the internals of the market havent been particularly good this gets us back to levels we saw last week. I do believe its the beginning of something but it could all reverse tomorrow on jobs numbers. Weve seen it before we come back after a long weekend to find the market up significantly. Clearly ther ....
Change his mind about approval. Latery powell will say that the u. S. Economy is improving, but has a long way to go before fully recovering from the virus. The st. Louisrom fed president this hour. Haidi investors are waiting to hear from fed chair powell. But we know the gist of what he is likely to say given that the commentary has been around how recovery will be, managing expectations. The recent fairly positive data points we have gotten. S p active futures after the session overnight really erasing some of those earlier losses as well. Some of the gains we have seen trading flat at the moment. U. S. Stocks fell. Could have been worse if not for that rebound in tech shares stemming the losses. It did get close to that threshold to be considered a market correction. 0. 1 ires down by should say by 1 at the moment. Japanese markets are closed for a second day this week for the autumn equinox holiday. ,ydney futures down by 1 trading in new zealand down by 0. 1 . Victoria has come o ....