News of the father of the Pfizer Vaccine shou. Our conversation with jeremy stopple min later this hour. Tiktoks Parent Company is asking a u. S. Court to intervene in President Trumps attempt to thwart the sale. We will have the latest from beijing. First, a comeback for big tech in the stock market. For more on the trade, we are joined by Sarah Ponczek in new york. Walk us through the day and how tech drove market action. Sarah we did have a tech turnaround today. After two days when the nasdaq fell. You see the nasdaq 100 back on top. You look at your other major benchmarks not staging as much of a rally. So what changed . Not too much. You could say its just a comeback. At the same time, there were headlines being here in new york city, headlines about further restrictions in the city. It begs the question about whether or not people will be working from home, stuck at home with restrictions longer than previously thought, especially with the positive news on the vaccine. With that
Out. Our conversation with jeremy stopple min later this hour. Tiktoks Parent Company is asking a u. S. Court to intervene in President Trumps attempt to thwart the sale. First, a comeback for big tech in the stock market. For more on the trade, we are joined by Sarah Ponczek in new york. Walk us through the day and how tech drove market action. Tech we did have a turnaround, this two days after the nasdaq fell. You see the nasdaq 100 back on top. If you look at your other major benchmarks, not staging as much of a rally. What changed . Not too much. You could say its just a comeback. At the same time, there were headlines about further restrictions in the city. It begs the question about whether or not people will be working from home, stuck at home with restrictions longer than previously thought, especially with the positive news on the vaccine. The that, we see stayathome trade likely to return. With tech getting hit hard the last few days, is the worst over, or is the worst still
Cant believe we didnt tell him it wasnt for sale. I cant believe this is even a conversation. David when this first came out, every one thought it was a joke. Hes just getting hes just kidding. And then maybe not so much of a joke. Alix do we know why he wants greenland . David because the arctic, particularly because of climate change, has become much more important. There are really Strategic Interests in greenland. In fact, president truman tried to buy it in 1948 for similar reasons. You invited meis to my house, im not coming unless you sell me something. Alix in the market, we had retail earnings coming out. We get a nice rally underway here. Eurodollar is flat. It is a mostly weaker dollar story in the g10 space. Selling in the bond market with the exception of italy. Inflation expectations continue to rollover. No one taking any big positions headed into jackson hole. The question is how you hedge this. David time now for the morning brief. At 10 00 this morning, we get u. S. E
We have to moup and clean up the whole morning. Reporter according to a representative from servicemaster, an emergency cleanup company, at least 115 homes or businesses were either damaged or impacted by the sand and water. City crews spent most of the water shoveling up the dirt and sand from the streets into massive piles. Along with a sinkhole, portions of fillmore buckled from the flooding and pg e crews have been digging on holes to check on the gas lines. The pg e is a pipe infrastructure system thats in the general area that has the potential to be damaged, and, again, the San Francisco Fire Department is on scene in case that does occur. Reporter for residents here theres a sense of frustration because they say a water main broke just a block away a couple years ago. A San Francisco public utility spokesperson said they are trying to replace the citys aging water lines but werent able to get to this one yet. Puc cruise work to actively replace about nine miles of this sometime
Off in San Francisco. Salesforce Ceo Marc Benioff started speaking about an hour ago. Why the annual event that brings millions into the city could be up in the air. Im laura garcia. More on dreamforce in just moments, but first that breaking news out of washington surrounding the impeachment inquiry of the president. Speaker mccarthy made the announcement just after 8 00 this morning our time. It comes after tremendous pressure on the speaker from the right wing of the republican party. Scott mcgrew continues with the next steps. Good morning. The next step may be to find something specific to impeach biden for. That is presumably the point of this inquiry. Heres the speaker a short time ago. I am directing our House Committee to open a formal impeachment inquiry into president joe biden. This logical next step will give our committees the full power to gather all the facts and answers for the american public. Thats exactly what we want to know the answers. I believe the president wou