We will talk to him about what is ahead for 2020. He is the amazon executive who resigned over what he called vein of toxicity running through company culture. Those stories in a moment but first, tech earnings trickling out today. Abigail doolittle is with us. Abigail there was some action later in the day. Another sleepy day for much of the day for stocks. Record highs for the s p 500 and the nasdaq. News came out from pfizer, another headline that pfizer, the doses they will be able to provide for this year expected to be half of what had been anticipated. When the headline came out, it read very bearish. Stocks initially took a leg lower. The s p 500 going down three tens of 1 . A decent intraday move. The s p 500 finishing down for the first time in three days. The nasdaq, however, managing to keep a small gain and a record high on the date. Pfizer really slipped, 1. 7 . The barclays bond etf up 8 10 of 1 . Tones of riskoff, uncertainty around the pfizer news. Pretty interesting,
He said simply, this doesnt matter, and december could be green. Could be grim. Jonathan the markets are looking at the data in the second half of 2021, not 2020. Tom jon will get to the data of a market lifting and all of that. This ecb announcement a bit ago is buried, and im sorry, it just sets up the theme of extend and pretend into 2021. They are going to extend bond buying forever and ever. It is Central Banks to the rescue. Jonathan the ecb wants you to focus on the duration of the Bond Buying Program and not the size of the package they might announce this week. That has been a big push on the communications side. I imagine that will be the focus for them when they communicate with us. For us, we are all getting used to the idea that Central Banks will be there for us. Weve been conditioned by that all year. The biggest challenge through 2020 was to somehow divorce how you feel about the world around you from your view on financial markets, on where we will be 12 months out. Th
Stephen stock good evening, im stephen stock. Thanks for joining us on nbc bay area, where we investigate. Were not far from a year into this pandemic that has put many parts of our lives on hold, but what happens if you cant wait for when we come out the other side of this tunnel . Terminally ill people are fighting for their day in court before its too late. Senior investigate reporter bigad shaban has the story. Bigad shaban how do you build a legacy . Alfonso rocciola spent his whole life building his. Alfonso rocciola if you drive through the city, you can say, wow, well, look what i did. You accomplished something. Bigad hes been in charge of some of the most iconic Construction Projects in San Francisco the cliff house, exploratorium, and his favorite, this chapel in north beach. Throughout his life, alfonso also built a marriage. Alfonso my wife is the number one bigad a family. Alfonso we have five grandchildren. Bigad and now hes building a court case. Alfonso is suing nearly
Fourth quarter shipments are up yearoveryear. We will talk to him about what is ahead for 2020. He is the amazon executive who calledd over what he vain toxicity running through company culture. Stories in a moment but first, tech earnings trickling out today. Abigail doolittle is with us. Abigail there was some action later in the day. Another sleepy day for much of the day for stocks. Record highs for the s p 500 and the nasdaq. News came out from pfizer, another headline that pfizer, the doses they will be able to provide for this year expected to be half of what had been anticipated. When the headline came out, it ran very bearish it read very bearish. Stocks initially took a leg lower. The s p 500 going down three tens of 1 . A decent intraday move. The s p 500 finishing down for the first time in three days. The nasdaq, however, managing to keep a small gain and a record high on the date. Pfizer really slipped, 1. 7 . Etf up 8 10 ofnd 1 . Tones of risk off, uncertainty around the
87, the s p 500 is up 10. 5 this month the russell 2000, the biggest ever month live oly outperforma small caps that sort of sets the scene for us your note today to our producers to me says everything, bryn. You say, yeah, were overbought, the market is technically ahead of itself, 200Day Moving Average but wed be buyers anyway yeah, you summed it up perfectly. I think to give some perspective around that, when youre looking at technicians or technical calls, the 200 Day Moving Average, over 90 of stocks in the s p are over their 200 Day Moving Average when that number gets above 80 , thats typically a time to take a stand back as a trader as an investor, though, as we are, you want to take a look at that and say, hey, if we get a selloff, which im sure well get because thats just the price of admission for being an equity investor, we absolutely want to be in stocks because what are your alternatives cash or bonds . And both of those offer you no yield and so we also think that next