Produce, and we put a lot of effort into it together with lots of governor gavin newsom says that is why he is considering more stringent measures. If these trends continue, then well need to take much more dramatic, arguably drastic actions. The governor says if the current search continues, 78 of the hospital beds will be occupied by christmas eve. Icu beds could be at capacity by the end of the year. In order to change that trajectory, he is thinking about issuing a stayathome order for the purple tier more than 90 of the population of california. Were assessing this in real time over the next day or two to make determination of the deep purple moves more in line with the stayathome order that folks were familiar with in the beginning of this year. This is bad. We are in a bad space right now. It will get worse in the short term says dr. George rutherford. Even in the bay area, which is doing better than the rest of the state. We all need patients and to listen to the experts. We ne
We start off the day. In San Francisco, 48 degrees with that fog. Check out santa rosa, another foggy spot down to freezing morning. Could be dealing with some black ice there, 41 in concord. Oakland at 45. 45 for san jose. As we look to our afternoon we will see plenty of sunshine and those mild temperatures above average. 62 in San Francisco. Mid60ss for san jose and concord. Three to eight degrees above average. We will talk about the rest of the week coming up and now lets check in with a look at traffic and some patchy fog out there this morning. We are see something of that fog on the san mateo bridge near the toll plaza. I do want to start off with ia trouble spot in brentwood, chp has issued a Traffic Alert on vasco road this is due to a deadly accident so that investigation will take some time. The closure will be out for quite some time. Highway 4. Its completely shut down until further notice. It was a two car crash that happened around 3 45. Use alternates in the meantime.
Stimulus and higher bonld yields as well which reversed and went the other way. Dows down almost 300 points is this art of the deal or do traders really need to pare back their bets over stimulus lets get right to maike santol for the market reaction. What stands out to you right now . First of all, its an incredibly clean test of where the market was and what it was trying to bake in over the course of this rally which as will fred said was whats really fascinating too is the news came as the s p 500 was just hitting these levels that everyone has been saying oh were going to give room to this rally to get to 3425 and then well see what happens we were just above that in the afternoon and then we had this little reflex. I would caution everybody to keep in mind that we dropped to where we were trading yesterday morning right after the close. So there has been a little bit of a head of steam and builtup gains in this market this doesnt necessarily completely alter the premise of what w
They will go through the issues and this is television where tone, style, emotion are very important. My opinion, bidens job to survive 90 minutes, holding his focus to making sure there are no serious gaffes. The president will no doubt attack his style but not come across as a bully he doesnt want to stir up the sympathy vote. Heres another opinion, and absolute catastrophe the media will declare biden the winner. Lets get to the market, pretty much on hold maybe waiting for the debate the dow is down 11 points, the nasdaq 1026, 25, s p down near two. Not Much Movement, Speaker Pelosi has proposed a 2. 2 trillion dollars stimulus plan and the house may vote on it, a key point in Sticking Point contains 436 billion for state and local government, the republicans do not want that, and 25 billion for the airlines, 30000 airline furloughs on thursday if they do not get the money. Today is the day when Amy Coney Barrett goes to capitol hill and between nine republican senato senators, tha
Pence jonins us this morning. Those Deadly Wildfires in the west just keep growing. Hundreds of blazes burning out of control. Were live from the fire zone and the double tropical threat. Two possible hurricanes now on track for the south. Florida and texas already hit hard by the pandemic now bracing for the powerful storms. Arrested. President trumps former campaign chief and top adviser steve bannon charged with defrauding hundreds of thousands of donors to build a border wall. Bannon taken into custody on 150foot, 28 million luxury yacht. College covid crackdown. Health officials warn about parties driving the spread. At least 22 states reporting outbreaks on campuses. North carolina state blames offcampus parties for moving to online classes. Judgment day. Actress Lori Loughlin and her husband just hours away from learning their fate as a judge gets ready to hand down their sentences on zoom. Both about to face prison time, but for how long . And friendly competition. Okay, you wa