Apple reports, by the way, apples plan for new faster chips behind that. And you see it there call it snowflake soar since its ceo raking it in every month jim cramer says hes worth every penny, carl. Thats a lot of pennies well talk about that, guys. We mentioned, jim, all the stuff thats coming at us in the coming weeks or the coming days, rather including some investing meetings, crm, adobe, disney and starbucks. A lot of companies that are doing incredibly well and we should also be thinking not just here but worldwide i think its kind of shocking to see that other than the banks in europe, almost everything is doing well all over the place, including these companies which are very international companies. But i think disney has a great story to tell when it comes to plus adobe has a great story to tell when it comes to all the things theyre doing and starbucks it looks like were getting comments saying, look, theyre doing better than we thought and thats also international. All th
Middle peak is doing 30 miles an hour. And then as you look at the elevation spots, rose peak, down by san jose, 26 miles an hire. So the winds have died down. The rain will continue, light sprinkles into the evening hours and tomorrow, and then we dry out. Pack here with all of the specifics and the 5day. This wet suspect is good news for fire danger around Northern California. There is also concern about the areas burned recently by wildfires. Tuesdays transformation from sun to showers highlights the annual transition in Northern California to rainy season. Were starting to see some cold fronts move out of the gulf of alaska. We saw one a few days ago. Theres another one moving through the bay area today. A little bit more rain than the last one. And thats sort of the progression that we get into this time of year. Each successive storm tends to get a little bigger, a little wetter. Reporter from the north bay to the east to the south. Its the kind of brisk wet weather perfectly sui
Good monday morning. Im Carl Quintanilla with jon fortt. The dow puts together the first intraday high in nine months, processing the election, putting closure, perhaps, to that but obviously the big news of the day is out of pfizer and this potential covid19 vaccine once again, well start the hour with meg hey, carl this news that pfizer and german partner biontech provided 90 efficacy in the phase three trial providing hope this is the first vaccine we have seen results from the results are limited. They just the independent committee took a look at the trial. They found 94 confirmed cases of the covid19 in the trial and they found a difference in the Placebo Group and the vaccine group. They also said they saw no serious safety concerns in the trial. Theyre going to he mass two months of safety followup which for half the people in the trial getting their second shot which will take them into the third week of november that is next week after which time they will file with the fachl
144,000, 65000 people hospitalized and we are averaging over a thousand deaths a day. A new round of restrictions would surely slow the economy and put more people out of work, heard even more with travel, retail and Entertainment Industries perhaps, thats one reason the market is selling this morning. After the huge recent gains the dow looks to be down about 200, s p down about 10. Look at the nasdaq with a modest bounce to the upside with the dana may be a quarter of a percent of the standout political headline comes from Bernie Sanders. He says yes, if offered the job of labor secretary in a biting next he would take it. On that, we will say this, varney co. Is about to begin. Stuart born to be wild, well i guess thats fairly appropriate. What you are looking at is rather empty new york city on a rainy thursday morning. Of course, its been half empty for about eight months and Governor Cuomo has more restrictions on businesses. Ashley, bring me up to speed. Ashley he certainly has.
States right now in washington, fragile hopes for a stimulus deal remain Speaker Pelosi and secretary treasurer mnuchin are expected to talk this afternoon in hopes of getting a deal done. A full economic recovery has a long way to go and another expert said many lost jobs may not come back. All 11 s p sectors are lower 59 minutes to go we are making new session lows with the dow down 400 points. Lets get to the market downturn we just referenced. Mike santoli is tracking all of the action no trigger but a clear response. The only trigger that seems clear at all is the mark of 2 30 eastern time, when the downturn accelerated. It seems as if it is essentially kind of getting ahead of the close, peeling down exposure we did have that good rebound into last week from the late september lows we had some positioning indicators suggesting people were full up on equity there has been a pattern of strength overnight in equity futures opening up strong and selling throughout the day it seems li