Were going to stick with this were going to win this election with. Just a matter of counting the votes. It may come down to the courts to decide who wins this election the kind of battle for the white house in 20. Ok lets take a look at the current state of play with a closer look at the states that havent yet stick land according to our sources we have joe biden on 264 and President Trump on 214 Electoral College votes michigan how was the last states to drop into the biden column its 16 electoral votes going there President Trump one those back in 2016 they now go to his democratic challenger wisconsin came in for biden with another 10 electoral votes trump won at wisconsin 4 years ago both campaigns poured lots of resources into that states not to aris out votes there are still being counted i think a. P. News agency which is our main source of election data as cold the other major outlets have not yet cold its 11 College Votes up for grabs there joe biden currently has a slim lead
Livermore 63. Look for a lot of sunshine. A rather decent day. Oakland running a little lower. Traverse, concord, livermore plus 5 or 6. Lots of sunshine. Big changes tomorrow. More on that in 10 minutes. San jose a little cooler than where they should be this time of year. Still quiet out there. Or is there something new on your screens . Its still quiet out there. Nice way to start monday morning. I see traffic on the east shore doing well coming in from the cockiness bridge and continuing out to the toll plaza. The plaza looks good with no major problems. 501, lets get back to the headlines. Developing news from san jose. There was a heavy Police Presence outside of a motel for several hours this morning, the police were outside on oakland road near east gish road. Police having given details on the investigation. We will keep watching this and bring you more details on the story as we get it in. Firefighters continued to battle a huge wildfire east of los angeles. More than 8000 pe
Working are downright toxic. Specifically the banks, the restaurants, and the retailers should be on fire right now. But instead they are houses on fire. And theres no letting up in the flames even as the averages rebounded hard today. After opec announced it might cut back half a Million Barrels of production in november. I think this is more of the same where they rumor the price high, which worked again, and then kind of do nothing meaningful. Nevertheless, as i have said over and over again to you, anything that drives oil higher takes stocks higher, and thats sure what happened today with the dow ultimately gaining 111 points, s p climbing. 53 percent. The linkage remains that great even as i urge you to be skeptical of any socalled deals when there is such a worldwide glut of oils. We need millions of barrels to be cut, not less than a million. This means the amount will not give you a lasting impact. I want to talk about whats happening with these beleaguered groups i mentioned
Instead they are houses on fire. And theres no letting up in the flames even as the averages rebounded hard today after opec announced it might cut back half a Million Barrels of production in november. I think this is more of the same where they rumor the price higher, which worked again, taking oil up almost 5 , and then kind of do nothing meaningful, which is also what keeps happening on these kinds of deals. Nevertheless, as i have said over and over again to you, anything that drives oil higher takes stocks higher, and thats sure what happened today with the doti points, s p climbing 0. 53 , nasdaq advancing 0. 24 . The linkage remains that great even as i urge you to be skeptical of any socalled deals when there is such a worldwide glut of oil, one that would need millions of barrels to be cut, not less than a million. This means the amount will not give you a lasting impact. I want to talk about whats happening with these beleaguered groups i mentioned earlier as the quarter win
Branch with a colossal fine. I told you it was unlikely that deutsch bank would go under. Still we were bombarded by calls that this was the next lehman brothers, wall street code for its the end of the world as we know it. So today when we learned that the Justice Department might be on the verge of settling with deutsch bank for a substantially less amount, for just 5. 4 billion, basically what the bank had already set aside to deal with its legal costs, that took the arm ageden scenario off the table and the market roared higher, dow rocketing 165 points, s p soaring 1. 8 , nasdaq pole vaulting 1. 8 . Thats as good a place to start our game plan as were going to find. On monday hopefully the Justice Department and deutsch bank will agree to a settlement that doesnt exceed the 5 billion to 6 billion that deutsch bank has set aside for it. If thats the case, we should come into mondays session with a nice wind at orbacks. More later about how things really work behind the scenes in th