We spoke this morning and we dont know how much they are paying for this vaccine supply. We dont know whether they will have the right vaccine so many questions on how administrations and i ministers at access to vaccines for their citizens. Tom the virus dynamics are just particularry, make note of the glide path of texas and south carolina. In new york city with our first word news here is ritika gupta. InsistsMitch Mcconnell that businesses, schools, and other organizations be protected against coronavirus lawsuits which is talking down talks over a new stimulus package. Changes inding that Liability Law be included in the legislation. House Speaker Nancy Pelosi says that shows he is not serious about a deal. Federal reserve policy makers will focus on how to jumpstart a rebound from the recession. Almost certain to keep their benchmark rate the same. The fed will make a statement at 2 00 p. M. New york time. Jerome powell will make comments 15 minutes later. Amazon Ceo Jeff Bezos p
Yes, a fed meeting at 2 00. None of it matters. What matters is the drama, the guys fromof four Silicon Valley lined up in front of congress. And oh yeah, the stimulus. What has your attention . Jonathan funnily enough, the Federal Reserve, but only because somebody people are playing it down. A lot of people have shaken their head. What was the last three months about . We are about to see a shift away from the accommodation we have seen towards much more Forward Guidance, and the commitment, the shift in the reaction function to formalize that commitment to low for a whole lot longer, and i think that its important. Tom the queen of the xaxis, lisa abramowicz, is here. Are we going to go out to 2023 today . Lisa the question is where. Are we talking about the front end . Clearly they are not going to raise rates anytime soon. What are going to be some of the measures they look to to decide what their policy is . Are they going to set inflation pegs . Are they going to set implement p
Less normally. Lets start there, jim, in terms of the market overall. I have a lot of insight this morning to share on the credit markets where i tend to be focused of late. Like to come to you. When you see a rally, the likes of which we may at the open this morning, what are you thinking what i think about when i see this, the market got oversold, people last night went home thinking theres no possibility of any sort of deal. Without a deal all you have is the fed making sure theres liquidity but nothing in the hands of the people. If you dont get money in the hands of people, people will look at the landscape and say its really just falling apart something has to get done. Now theres an expectation that something will get done. If we dont get something done today with the senate, youll give up this whole rally youre banking on the politics getting together for something, otherwise this rally will be comical and you will wish you never bought in. Well be able to offer hopefully peopl
Bullish analyst note down 26 points on the dow. Cash flow marj j. Stock up as we said 10. 3 the session was 109 at about in terms of the deliveries, what 11 00 a. M. Are you looking out for on that joining us for the first hour of the show, steve weiss from short tascha well we already have the delivery numbers hills capitals partners. So we know that those came in slightly below estimates steve, earnings so far have been they were about 97 now compared good, bad, mediocre . To say 99. Is that the key with markets same as always. But i think overall, revenue we either worry about earnings we expected it to be a bit lower or have high expectations. We find that corporate because of the model 3 managements do a pretty good job and, again, the longterm managing expectations into the margins are what we care about quarter. Thats not to say there havent so we think that, you know, been surprises both to the tesla said they could achieve a upside and down side one of the biggest surprises of
Per hour in the highest peaks. For the east bay gusts could be up to 50 Miles Per Hour. Higher up in the hills and mountains. For the valleys and the coast gusts up to 35 Miles Per Hour. So we are starting out with calm winds. As we go throughout the day well see the winds increasing in north bay first. Clear lake at 9 00, 29mileperhour winds. Were also going to see winds increasing mostly for the east bay over towards San Francisco and Half Moon Bay going into noon. Early afternoon those winds getting Even Stronger in the kn north bay. Well have the potential of more erratic fire behavior and the potential of new wildfires if were not careful with sparks in the hills and areas where there could be some small spark that could spread very quickly. Ill have more on that and also the wind forecast for the rest of the day. Mike, so far a light commute . So far. Light driving. 4 31. We dont have the bulk of the traffic hitting. We have minor incidents scattered around the bay outskirts, but