Welcome, everyone, the kboel im sara eisen, here with wilfred frost. Pfizer says its covid19 vaccine candidate developed with biointech is more than 90 effective in preventing covid19 in a phase three study the cow and s p 500 hitting record highs in todays session, this after strong gains last week as well as the Election Results come into sharp focus. Seeing down sectors like airlines, cruises, banks, and energy are seeing outsized returns today on the vaccine news while the stayathome winners like zoom, peloton, and amazon are coming back to earth. Nasdaq is actually negative with this more than 1,200 point rally on the dow 59 minutes left to go on a historic day on wall street. Nasdaq hovering around the flat line. Big gains for the dow. Coming up on the show, a massive guests line ups. We will discuss the vaccine, the election, what it all means for your money with huge names nelson peltser will weigh in with his thoughts on what the market is doing as we speak. The chamber of com
Look theyre higher across the board. The nasdaq is up by 134. Its early in the morning but these are pretty significant green arrows at this point take a look at whats happening at the treasury market and youll see that right now the ten year is yielding where it has been 0. 996 joe. Tik tok, the latest here. Developing late yesterday, the u. S. Judge blocked an order that would ban tiktok from being downloaded in the u. S. The ruling is the chinese owner byte dance has more time to get approval from u. S. And Chinese Authority which is unclear if that really happens for that deal with oracle and walmart the judge did not clock a much broader ban which is set to take effect on november 12th which the way things are going will be here like tomorrow i wanted 2020 to go quickly but now im thinking its just going too quickly. We wanted to go quickly. Still 2020. You still did your best Barbara Walters with that. 2020. And hugh, hugh had a long illustrious life hugh is gone now but we remem
Singapore also in the red. Currency markets certainly, we have the sea and why in the frame at the moment. This is as we got the story today about beijing crossing gains in the yuan as it seeks to cheapen exports and bolster weak spending. That is a theory being compounded, saying a stronger yuan is ideal for beijing at a time when president xi is pushing for a more selfreliant economy. That is where we are with the currency markets. Yvonne yeah. Interesting call there. Thats more analysis with eddie cheung, e. M. Strategist. This all about shifting to more selfreliant economy in china. Given the gains we have seen in the renminbi, is it sustainable and how much tolerance is there for further yen strength . Eddie well, i think we certainly do believe there is more room for the cn wide to gain. First in terms of the dollar view, we think the dollar still has more room to go lower. We look at the indices, we are only at about three month highs. We are still below where we are in terms of
Ghost town. How bad is it for cal train . Its devastating. Were facing a fiscal cliff in october and the rail lane may simply cease to exist. Reporter rumming between San Francisco and san jose faces shutdown after the San Francisco board of supervisors failed to support a sales tax measure for the november ballot. The supervisor says there are bigger priorities. Our cities is facing a 1. 7 billion deficit right now. Our own Transportation Agency is suffering. Reporter muni facing its own financial crisis. Its director tweeting some sobering facts. Muni eliminating 40 bus lines. Golden gate transit cut half the service to San Francisco. B. A. R. T. Facing a billiondollar loss. Cal train may end service completely. This is public transit, reality in america. I think were now in a fast crisis. Reporter austin brown from the uc davis policy ins Institution Says transit may depends on a Covid Vaccine for riders to come back. Justbly needing to see good data and then get people comfortable
Video. He was in a crouching Half Kneeling position. His hands were toward his waist band when he turns toward the officers. It was the butt of a gun and they shot. Thats accurate. Thats factual. Reporter the chief said he did that have a gun. He had a hammer in his belt and he was shot in the back of his head. Now family members spoke this afternoon. Actually spoke at the same time as officers this afternoon here in vallejo. You will hear from those family members who still want justice today. Live, stone. Abc7 news. Thank you. Lets move. On the economy is a big part of our building a better bay area focus. Tonight, because of the coronavirus, the oakland zoo may be on its last leg, sadly. Laura anthony with whats being done. Reporter the gates at the zoo shut tight. This facility has been closed now for the better part of four months. 90 of the revenues come from visitors. So as you can imagine, the zoo is now in dire straits. You got his attention now. Reporter at the oakland zoo, i