Green shoots rhetoric. What makes it interesting going into november, the financials had already been up 30 out of the march low, plus the yield curve has, in. The yield curve has come in. It is puzzling why the banks are up so much. It has to do with the narrative of the traders and investors buying cyclical stocks on the potential for strong recovery. Guy i will cheat david i will cheat. You and i talk when we are not on television. What is going on with the yen . Abigail those are some of my favorite conversations because we can move back and forth. The yen does bring attention to itself over last year. It is up about 4 . When you have stocks at alltime highs, you have bonds at record highs, although folks will say the fed the yen is a pure play haven. Over the last year, up about 4 . Some traders might like the fact that stocks are higher, but theyre probably hedging for the possibility there could be choppiness ahead. That is true for the vix. The vix is still above 20. That is in
The bay area. Now it looks like we are getting some of relief. We are catching a break for some spots as the rain is tapering off and what we expect as we head into late morning and into the afternoon. We are still seeing some activity here and there. Green on the radar as well as snow that continues for the sierra. Look at storm ranger. Our mobile doppler radar. The red scan you see around the bay area, we are seeing rain in parts of the north bay as we get a closer look and moving through northern napa county and northeastern Sonoma County and moving off towards the east as youre still seeing some pockets of some heavy rain in that area. Then as we move elsewhere across the bay area, we are seeing some spotty showers. Marin county, as well as San Francisco, a chance of light rain and then we are going to see rain chances continuing. As we see the clouds, at any time rain and then rain taerper off and the dry weather returns tomorrow through the end of the week. We will see dryer weat
The strongest week since back to april. However, you have to put that in context. Two weeks ago was a lousy week in fact, two weeks ago the dow lost just over 1800 points, down by 1833 points last week the dow was up by 1821 points so that was a giveback for the dow kind of starting things over if you look at the other major averages, they got back much more ground than they had lost the previous week. Last week the s p was up 329 points after being down 195 the week before and the nasdaq was up by 983 points last week after losing 636 points the week before but again these gains this morning are significant ones they are adding to what we saw last week. Also, take a look at whats happening in the treasury market youll see that right now the treasury, the tenyear, is yielding 0. 812 so its stabilized after bouncing around quite a bit during the election and the election counting last week stabilized at 0. 812 andrew thanks, becky our top story this morning, president elect biden wastin
Mountains where well have more than an inch. You can see during the afternoon hours, the rain is looking pretty impressive and so are those temperatures low to mid 60s. An hourbyhour look at that wet weather coming up. Thanks. Expect changes with your businesses starting today. Governor newsom had to pull the emergency brake on reopening because new cases in the state nearly doubled in just ten days. This is simply the fastest increase california has seen since the beginning of this pandemic. Look at all that purple. Every county in the bay area is in the purple tier except for marin, San Francisco and san mateo, theyre in the red tier. Purple tier means transmission is widespread and that includes limiting Retail Stores and shopping malls to 25 capacity and closing all nonessential businesses such as churches, movie theaters gyms. These restrictions just went into effect at midnight and that only gave businesses a day to adjust to everything. Abc7 News Reporter Julian Glover live in t
Abortion access. Important its happened. All those who care about life we still have work to do. Former President Trump, he met the with House Minority leader Kevin Mccarthy. Trump pledged to work with mccarthy on gaining the House Majority in 2022. I feel good i knew that i would now. I feel good steve me too. Brian right. I dont think is he talking directly to us. Steve yeah he is. So good. Breen brian did he write this song for rocky 3 . Ainsley i wish we could ask him what does this song mean . Why do you feel good . Brian we couldnt book him. Steve it is friday, january 29th. Thats why we feel good because it is friday, january 29th. Kansas day coming to think about it when you grow up in kansas. It is the coldest day of the year so far. Right now outside it is 1 degrees in New York City. Sit back, relax, pour yourself a big cup of joe and enjoy the show starts now. Ainsley thank you for watching. Start about this story. Little Little People winning. Trading app. Robin hood is goi