Watching to washington dc people pouring into the streets saturday to celebrate the victory of now president elect joe biden but now its time for the Incoming Administration to begin the hard work of dealing with a wide range of issues theyll be inheriting. From a surging pandemic to a fragile economy and a nation demanding racial justice. Its not going to be easy. Good morning. Everybody, thank you for joining us. It is sunday november 8th im Marty Gonzales will begin this morning with a look at how the new administration celebrated its historic win and what comes next, alexander le mon is live in wilmington delaware with that part of our coverage this morning. Hi alexandra. Good morning and it was a big celebration here at the chase center last night a celebration that president elect joe biden supporters waited for 4 days, but that fight and waited for for 32 years biden first ran for president in 1988. Joe biden addressed his supporters for the first time as the president elect of
Of their own home as they were allowed to return late last night so theyre the First Community to do so the hope is to have areas like felton and the highway 90 corridor to have those areas open sooner than later those of the new places that they were targeting today, theyre throwing 2000 firefighters at this and it is working because the number of acres burned its not exploding, it is sitting right now at 82,540 acres and thats up only a 1000 acres from yesterday containment also up youre sitting now at 26 . Containment but firefighters still have their hands full, its basically a race between them and the fire to get to feel that has not been touched yet. Were going to have to start removing trees. The are unsafe. Weve got potentially take out additional power lines across roadways or in danger structures. So like i said its multiphase when we start pushing forward with the entire mitigation process of this incident and its going to take a while. I mean everyone to be patient. Were w
Yesterday carl was a discouraging day for a lot of people who have been chasing momentum because last week was maybe one of the best momentum weeks i can recall since 1999, which meant that if you bought it went higher and how much fun is that . Yesterday was the day that you bought it went higher and then you got crushed. So i think that usually takes a couple days of reset where maybe you can after stocks that arent as hot, say, as tesla. So you would focus, say, on Something Like the banks ive been through the banks and i know dave and i talk about this all the time, they are incredibly complex beasts, they are not like, oh, tesla, hot and when i first went over them i thought they looked pretty good but already theyre reversing. This is not an uncommon pattern as people find one line or two line that they dont like and then they sell these stocks. David, its happening once again. You know that these banks could have had littered with bad loans, its not, they have great trading, the
We are just crawling back to flat on the nasdaq. P half a percent. Big moves in treasuries, if you can call it that. Except two basis points on the 10 year. The dollar index relatively unchanged, although other currencies have seen strong swings against the dollar this week. The mexican peso stronger by. 4 . Yen also stronger but are 3 . Lets stick with treasuries and the relatively large moves this week. The industry has more than 12 trillion of assets but record low yields on treasuries are causing a problem for the industry expected to deliver annual returns in the high Single Digits. For more on the subject, we welcome brian chappatta. It seems like maybe once upon a time but right now nobody has an expectation of high Single Digits for their 401 k s or Pension Funds more general. You are not getting it in treasuries. When i was talking about pensions staying away from treasuries, the 30 year bond yield was at 1. 4 . Morning, 1. 24 this which is rare in the fixed income market. Tre
61 for the late show with 50s in the north bay 58 san jose. So as we go forward with this we see little bit of an onshore wind left over were going to see that repeat tonight or afternoon complement, suddenly heating and a low up towards our north about the fog progress as you can see its about 8 oclock it really starts moving once we get the sun up to help out here. However it does return tonight probably in earnest as we approach the Witching Hour and then after midnight into tomorrow morning as you can see. We still have with us that a heat advisory Solano County in this but temperatures are quite lofty in many parts of Contra Costa County in the east bay and even up in other pockets in the north bay, the plan on more 90s kosta numbers in some cases maybe lower 70s, but heat exhaustion, and heat stroke possible, 72 by 10 00am by 1 oclock were say about 87 robin. All right, thank you for the update dave. Well our top story that were following for you this morning, the Oakland Unified