Optimism toward a vaccine. On the other hand, bonds, we have this quiet rally. The 10 year yield firmly in this range. Bonds are pricing for the possibility of nearterm challenges around virus spread, oil stocks are looking ahead. It is not clear which side is right. Theres going to be some interesting activity ahead. David thank you so much to abigail doolittle. Fast congressional action helped bring the u. S. Economy back. Theome now one of those at center of the debate over future stimulus, republican congressman patrick mchenry. He is Ranking Member of the finance committee. As i say, i think most people agree, congress acted big and fast and help bring the economy back. Now we are seeing wobbly notes. Do we need more stimulus to avoid a double dip in the economy . Rep. Mchenry yeah, i think we do and i think the Federal Reserve agrees. Art of our country and segments of our economy are doing quite well. You have other segments, like the Restaurant Industry for instance, that are j
Administration it will be, i guess time will tell. The latest on trumps legal challenges to the election and how the delay in the transition is leaving president elect biden in the dark on critical issues. Deadline approaching. Federal relief set to run out for millions of americans struggling to make ends meet. With covid cases growing as well as lines at food banks lawmakers at an apparent stalemate. Can they resolve their sticking points . And set for launch. Ignition, liftoff. The new liftoff date for a Historic Mission and the final preps under way for nasa and spacex. The two astronauts ready to make history and crew1s nod to a challenging year as they get ready to rocket into space. Hey, good morning, everybody, happy saturday. Were going to start here with the surging coronavirus pandemic. America has just shattered the daily record again with more than 193,000 new cases reported in just 24 hours. Several state and local officials announcing new lockdowns, pauses, freezes and o
Than 2 , that would be breaking the streak again today. We are seeing Dollar Strength continued to climb and crude is up 3. 5 on news we expect saudi arabia and russia to try to get together to figure out how to cut back some of that supply. Flipping up the board, i wanted to take a look at the residential market, in particular rates we have been looking at. Ellington Residential Mortgage rate is one i am looking at. It is up 50 verso. It is having its biggest intraday gain ever. It did provide updates on its portfolio and business operations, which is giving investors a relief. They did come out and say they have met all of their margin calls. They lowered they lowered their leverage position to a strong liquidity position. There is a lot of focus on the commercial mortgage and the residential market, how this would fare. Today people are less concerned about the health of the mortgage market. David . News. I like good to what extent is some of the lift we are seeing inequities Short
Already, which is a rarity. Developing their the low clouds stuck around but and thats not something we all data would only be used have seen much of. There could be more inland sun for nhs care and we wont hold upper 40s, low 50s here, and warm temperatures, kind of it any longer than needed. A mini summer pattern. Getting some breaks in the fog and that onshore wind up to 35 the idea of coronavirus 63degrees today, and most immunity cards has begun a conversation among Health Care Locations are still reporting professionals across the miles an hour now. Mostly cloudy skies. A couple systems are slipping the breeze has tailed off a country. The immunity card, passport or little bit but its still another form of id could be down, triggering thunderstorm used to identify those who have activity around santa rosa onshore. Been tested for the virus and yesterday, not expecting that it was up to 35 miles an hour this morning in the delta. The card would determine whos today. 60s and 70s ou
During the Daily Briefing the governor mentioned discussions were being had regarding how the state would reopen and whenever that may occur, again emphasizing where and when it may occur and he did not throw out a specific date. As soon as the News Conference gets underway will take you there live as for the latest statistics in the bay area, Johns Hopkins university reporting there are now more than 23,000 cases in california and at least 680 to people have died and 49 people have died and 4900 reported cases in the bay area with 140 deaths and Santa Clara County the most cases in the bay area with more than 1600 cases and 54 people have died in santa clara and there are 957 cases in San Francisco with 15 deaths, Alameda County has 845 cases with 23 deaths. The San Francisco Health Department cleared out the citys largest homeless shelter after learning was the site of a big coronavirus outbreak. Last week 68 residents and two employees at st. Vincent depauls Multiservice Center sout