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Progress is being made on a coronavirus relief. So this has for a shorter period of time. Thats okay now because we have a new president. He takes in for a touchdown. Fall in love with me this Christmas Steve well, they officially lit the Christmas Tree last night on tv. You are looking at it live on 48th and sixth avenue it. Is freezing outside. 32 degrees here in New York City on this december 7th 2020, 70 years ago today the attack on pearl harbor. Ainsley yes, it was. Thank you to all of you who served our you great country. This weekend Saturday Night was the rally. President trump was in georgia and then last night was the debate. So lots of politics over the weekend, brian. Brian i taped it all and, again, length me his vcr. Steve its a beta max. Brian my bad ....
With in addition to the pandemic so yeah get right to it john trouble in the Weather Center will start their jobs. Yeah guys definitely was not a fun night for those of us that did lose power, especially for those of you that were trying to cool off a little bit. Temperatures today will likely again be shattering records areas like San Francisco full 10 degrees above the former record reaching into the 90s for a few spots in the city says you look at the Golden Gate Bridge right here Crystal Clear skies we are off to a warm start already with 60s 70s for most of our current temperatures did cool off enough last night to let it cool breeze into your house, but as we make our way through the day today we are going to be seeing temperatures just as hot as yesterday i ....
Of the surge in new cases. Ill have more on that in a moment. We are getting new information on the twitter hack. It wasnt just a handful of celebrities. 130 accounts were targeted and it appears to have been an inside job. That is serious stuff. Im not sure that Twitter Twitter is up, thats right. Im thinking of another stock. Okay, twitter is up just a fraction. It is serious stuff about twitter. Weve got an analyst on the show who says it might have been a test run for something much bigger. Time to drop your twitter account . We will ask the question and get an answer. More on that coming up, too. Lets get to the market. This week we have seen a shift away from big tech and towards smaller companies. The russell index of small cap stocks, for example, up 3 this week. The dow industrials, down just over 2 . This morning, we will open with a nice gain for the dow, up maybe 100 points, 26,600. Look at the nasdaq. Theres a bounce ....
Starts. That means demand up for Mortgage Applications, supply going up in the future. That follows a remarkable improvement in the outlook for home builders. They are much more optimistic. The housing rebound would give the overall economy a real boost just when it really needs it. Now lets get to the market. Again, look at this. We are going up again, not much, going up at least at the opening bell. The rally continues. The dow up maybe 70. S p, maybe 10. Nasdaq, better gain, up nearly a half percentage point. Thats a 46point gain for the nasdaq. Okay. The fed is printing money. Theres a new stimulus plan in the works. Retail sales saw a huge increase, a positive News Development on virus treatment plus real estate and you add it all up, youve got a continuing stock market rally. Weve got a big show for you today. The president s reelection hangs on the economy whi ....
Albertsons ipo. All of the stories that we cover so closely i know. And banks already rallying today off that deregulation news earlier on the day theyre up 1. 6 at the moment. The top of the s p 500 sector. We have a huge show coming up on closing bell. On the day, we get the stress test results that sara mentioned. Well be talking to the ceo of barclays in a rare exclusive interview. Thats just about five to ten minutes away after the close, the they will join us this is the sign for the first time in months so lets get the pictures here mike santoli is here for the markets. The moves and valuations he is tracking the surging covid19 cases across the u. S. Mike, first to you. We have a pause today in the markets within a pouz. That is similar to a couple weeks ago. We this that big down day number real sustainable followthrough to the down side why is that . It doesnt seem like theyre overleveraged in a way that kree auts a liquidation cycle on the down side. There you see that flat ....