Good morning welcome to squawk box here melissa lee is hanging out again with us. Becky is off today for some welldeserved vacation well see her next week. As joe said yesterday, one of the first down days weve seen in a while a little better s p up about 13 and nasdaq looking to open about 45 points higher also showing you treasury yields now you can see where those are standing well flip that around to. 628 on the 10year you thinking about refinancing a mortgage anytime soon, guys . Im as low as they go im good if you have an account where you can use assets for credit line or to make an investment or Something Like that, i remember two or three years ago, i locked this ridiculously low rate if they come to me again and offer another one, it will be lower than it was last time. It was like 2 or 1. 5 when you get money that cheap, dont you think you you are in the drivers seat when rates are this low i dont feel bad about borrowing money at rates like that so you are talking about get
Vice chairman and theyll share what to do with your money amid this massive selloff. Lets have a look at whats driving the action the major averages falling into correction territory as the global brought yaoutbreak grows Goldman Sachs is warning that u. S. Companies may generate no Earnings Growth in 2020 based on the elevated uncertainty from the virus and oil prices are plunging on the fears with crude dipping below 46 per barrel at the moment the s p is down 2. 9 , dow almost 800 points. Joining us today is cnbc contributor stephanie link and senior markets commentator mike santoli. Ste steph, youre always looking for the bright side, the growth and optimistic picture we were talking earlier, both of us were talking earlier that this feels like december 24th, 2018, when we got the big swish down and it was really hard to buy then its really hard to buy now. But i can understand where we were selling off we were coming off of a much higher level now than we were in 2018, but it does
46 in oakland and 49 downtown francisco. As we head through the afternoon some highlevel clouds looking at mostly sunny skies. Upper 50s for the coast the low 60s for the bay. Highs about 5 degrees above average for this time of year. 65 in san jose, we will talk about and to track what we will see the return of some wet weather for us coming up. Good morning. Enjoy the commute while you can. It is holiday light. And it is. Look at the bay bridge. Easy right here across the span into the city with no metering lights at the plaza. Richmondsan rafael bridge in the commute direction some roads on the road but very and east bound we have reports of a broken down vehicle that is blocking one lane write admits span but not causing a lot of problems. Heads up for an accident westbound 80 at redwood parkway. It is to the shoulder and 80 is moving ok in both directions. Slight delays out of the Altamont Pass an easy commute for writers coming out of trace. A deadly aircraft strike in iraq kills
We will see the sunshine and then some changes with a weekly weather system bringing a some showers. I will talk about this in just a moment but here is a live look with art Treasure Island camera. Is a cold start in livermore, santa rosa, upper 30s and 40s. Mid40s in oakland and about 50 degrees for downtown San Francisco right now. As we head through the afternoon upper 50s for the coast, mid60s in line, josi sunny skies as we head through the afternoon. We are looking at temperatures on the mild side for sure. Mid60s in san jose, concord in the upper 50s so temps about 4 to 8 degrees above average. Will time out era wet weather ahead coming up. Start to kill your mood so far things are pretty clear especially if you are taking the bay area bridges. Only a slight backup and i mean slight, just a couple cars in the cash lane. It is quiet even with a bit of the backup. A nice ride out of the east bay into the city. East shore freeway not seeing any delays. All of our bay area bridges a
He died like a coward. The world is now a much safer place. Brennan mr. Trump detailed the raid and albaghdadis death in graphic terms. I got to watch much of it. He died after running into a dead end tunnel, whimpering and crying and screaming all the way. He had dragged three of his Young Children with him. They were led to certain death. He reached the end of the tunnel, as our dogs chased him down. He ignited his vest, killing himself and the three children. His body was mutilated by the blast, but test results gave certain, immediate, and totally positive identification. It was him. Brennan and Vice President pence is on his way here from an interview across the street. He will be speaking with us, but while we wait, we are lucky to be able to turn now to cbs News National security correspondent david martin. You are here, david, listening with me to the president describe in longer than 45 minutes in graphic detail this raid. He said he was watching it from the situation room hap