Unemployed virus spiking and vaccine is not coming soon enough this warp speed is too slow. As wall street sees it, worse news is better for a stimulus bill the nasdaq has been lagging. 70. Yet, we saw buying in many of the stocks really would benefit. B caterpillar hitting an all time high if you want to be in those, it is chevron or pioneer. The seven conductor stock, they just roar. The opening of america play. Will we get a stimulus bill . It is a Perfect Place to start a game plan next week. I fear that we are going to get hammered when we come in on monday lets be clear the Labor Department reported this morning 8 30 was a disappointment not a surprise if you are paying attention to the spike and covid infections of the death toll whatever reasons these kinds of number dont seem to be impacted by common sense. You have to believe a good chunk of the economy is going to get shutdown it is not the government, people it is going to be shutdown by fearful individuals who dont want to
Because we lost control of covid19 today went higher. The the s p gaining and nasdaq gaining 1. 02 . Hospitality and leisure. Has the market lost its mind no we are dealing with cross currents any time stocks get hammered, it seems to trigger visceral vaccine reaction good news bails out. On the one hand we know the cavalry is not coming. It is going to be in the form of at least one, pfizer vaccine, wont reach us until spring. In the meantime the virus is out of control we had 162,000 cases yesterday we are in a rough winter earnings from cisco, the networking type and Applied Materials and walt disney which needs no introduction. It is looking like well have a smooth transition from the Trump Administration to the Biden Administration thats a huge strange and even last week at this time, a notion of trump refusing to make plans to vacate the white house. I am sure you are sick of hearing it could the good earnings continue if you are worried of the virus and encouraged by the vaccine
Dont bet against progress thats the lesson for todays stock market where the gross name came roaring back the nasdaq surged 3. 85 . I know what you are thinking. It feels like the whole republic fringes. Well, excuse me. We are having one of the greatest rallies i have ever seen despite all the worries, the woes about the market tanking if Election Night was in indecisive indecisive like it or not, the people spoke. Whether biden or trump ends up on top, it looks like buy den right now. The democrats will have the house and the republicans will have the senate. At least two years of boring do nothing government even with the pandemic and the high unemployment and of course just kind of anger, americans seemed satisfy with the status q quo. They certainly dont want higher taxes. Something that would have been on the agenda if the socalled blue wave has washed in. Thats a big deal. I know based on the polling, i was worried what may happen to stock with a blue wave just stocks. I am sure
Wildfire risk of the year. The wind is already picking up at this hour and gusts could reach 70 miles an hour in the highest elevations. Pg e is closely monitoring power lines and any trees that could knock them out. The entire bay area except San Francisco could be in the dark by the end of tonight. The first round of shutoffs are underway in parts of napa and sonoma counties. In less than an hour residents in marin could lose power and the shutoffs are expected to sweep across a large portion of the east bay and the peninsula. The threat of powerful gusts once the sun goes down. Yeah. The wind is already picking up and our red flag warning is already in effect. I guess well go to darren first. Paul, i know youll focus heavily on the red flag warning. In fact, i could do that first. The red flag warning has been extended. It start tonight and it will take us through the remainder of this evening and into tuesday. Read the details on the bottom lefthand corner. Extreme fire weather bay
New york city to your couch somewhere in the world, this is the daily social distancing show with trevor noah. Trevor right now, the only news america is talking about is the passing of Ruth Bader Ginsburg. Aka the notorious r. B. G. As im sure you know, the Iconic Supreme Court justice died over the weekend at the age of 87. A little bit later on in the show, we will talk about her life and legacy. But first we have to start with the allout war brewing over her reblame it because you may remember that when Justice Antonin Scalia died nine months before the 2016 election and president obama tried to replace him with merrick garland, Mitch Mcconnell and the g. O. P. Blocked it, and their reasoning was a Supreme Court vacancy so close to an election should be held for the next president so that the people can decide. Well, you might want to s. A. T. Down for this one because, guess what theyre saying now . President donald trump and his republican allies are forging full speed ahead to n