From the car life threatening injuries at this particular point you can see that squad car there with the flashing tail lights. We do know that 2 Police Officers are inside the car at the time those 2 Police Officers were taken to the hospital but we are not hearing of any life threatening injuries to them thank goodness as far as the muni bus it was clipped by either one of those 2 cars front end damage to the muni bus nothing substantial but it is involved in this collision which is why the driver and the muni bus theyre not going anywhere that driver clearly is a witness to that with the accident and theyre going to talk to him or her as the investigation goes on you can see they have shut down this intersection here this street here. This is actually waller they told us to push it back a little bit as far as our location so they can continue making measurements and that means its going to be at least maybe 2, 2, and a half hours before their wrap up this scene. So many buses that u
Most like to buy hell join us with that in just a moment power lunch starts right now welcome to power lunch. Im dominic zchu. The Energy Sector is leading the market higher and up around 16 for that sector, its best week ever, ever historic levels. First, its a long, long 2020 for the group here, still down 45 for the year overall take a look at two of the big earnings winners youve got cisco up more than 6 and disney off the highs but still up 2 as its streaming service passes 73 million subscribers. In just the past two weeks, the dow is up nearly 11 for more on the markets now, lets go over to bob pisani with the latest bob. Hello, dom. This week has been about the rotation from growth and momentum into value and cyclical stocks, and thats playing out again today, very similar to what happened in the other four days just take a look here. Good day for energy stocks, good day for bank stocks, good day for industrials. These had great runs this week ener energys up 16 , banks up 12 ,
Yeah, look, we have to be careful because there are Many Companies that benefit, but we have been piling into stocks that were meant to be as if there were no vaccine until some time maybe some time late 2021 where then there will be 2022. So, you have the nasdaq futures up way too much. You have the s p, i think, and dow up the correct amount given what is in those stocks because youve got the bank stocks suddenly maybe they get a real break. Travel and leisure are just incredible how bad theyve bipartisan and then youve got, what do you do with a service here now honestly, what do you do with a company like a zoom or a peleton. Thoseniquely price for a belief that covid will be with us for a long time. David, you know a lot of stocks are trading not as if theyre going to be households and everythingen wi en with everyone is going to have them and trading as catastrophic growth in a number of cases. While there still could be for a number of months, element that says, you know what, i
Small caps having a pretty good day as well. The commentary seems to be the market feels a little tired. Is that how you see it yes i do suspect that the market is fatigu fatigued certainly on monday mornings consecutively weve been greeted with excellent news for society as it relates to the vaccine but markets dont seem to be responding as positively as they did two weeks ago. Scott, you began the show by suggesting that we have a potential end of year run. For there to be an end of year run, we are going to need a catalyst and i suspect its not the vaccine, its not earnings, and it really falls back to washington, d. C. And the ability to try and offer some form of fiscal bridge to get us to the other side in the absence of that, i would just highlight december 15 the and 16th, you have a Federal Reserve meeting. Theres a wild card scenario there where the Federal Reserve steps in and enhances some of the landing programs and provides the bridge in the absence of fiscal policy maker
Im ama daetz. Im dan ashley. As we hear about surges in coronavirus cases in other parts of the country. Californias numbers have been fairly steady the past several weeks and thats helping us build a better bay area. Nearly 3300 cases were reported with Southern California remaining the hardist hit region. The twoweek average is about 3200. There were another 22 deaths, which pushes californias total close to 17,000. More than 3100 people are hospitalized around the state with coronavirus. But there is very good news locally. San francisco is the first county in the bay area to move to the yellow covid19 safety tier. Thats the least restrictive tier that allows more businesses to expand and increase capacity indoors. Abc 7 News Reporter stephanie sierra has the story. Reporter San Francisco may start to feel alive again. The city officially moving into the yellow tier today granting the least restrictive rules for reopening. Here are the big take aways. Starting next tuesday, nonessen