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Welcome to squawk box. Im Andrew Ross Sorkin along with joe and melissa lee, becky is off the s p looking to open about 12 points higher. Well explain why some of this is happening and lets show you treasury yields as well the ten year note right now looking at 0. 931 . But maybe a little bit of an explanation coming up here, melissa . Yeah, some optimism Mitch Mcconnell said that compromised deal was within reach and well get a live report from washington at 6 30 a. M. And we heard it before, but it seems like btoth sides are comig a little closer. On a much lower number. And im just thinking about, i dont know, andrew, what did we do to deserve this i mean we are living right or i mean, who ushered in the new week on squawk box on monday who is helping us usher out the week that was on squawk box . A monday and a friday. Is this46 w was this planne melissa, what did we ....
Reporter the president has suggested that maybe this news had been held back until after the election. Again, no evidence of that. The president elect, the biden transition team, is actually meeting with some of the drug makers this week to talk about these vaccines but what theyre not doing is meeting with the trump team, the government officials, to talk about distributing the vaccine. Developing it is one thing but getting it out to you, your neighborhood, your familiar si, your Doctors Office a differently. That cooperation is not happening while the president continues to challenge the results and not direct his administration to work with the biden team. Joe biden not getting intelligence briefs as the situation gets worse, we now know more than 11 Million People have contracted the virus. We are in a dangerous period, the most dangerous since 1918. We need to be talkin ....
For about 15 minutes now and we see the backup packing in on the toll plaza and the approach and the span itself. It is slowing because of the volume so they may slow the metering lights down a bit. We look at the map, the rest of the bay shows a smooth expected commute except for here northbound 680 coming through fremont. We have that construction crew clearing a little bit late so theyre slowing north in to sunol and the south bay incidents coming up. Back to you, laura. Thanks so much, mike. We begin with a transition of power in washington. Overnight attorney general bill barr making headlines after saying improper voting allegations should be examined. The Trump Administration not making it easy for team biden to get started. Today in the bays tracie potts is following the post election drama. I know the president firing the defense secretary with possibly more firings to come. Reporter exactly. Some people being moved ....
Heres the markets performance this thursday morning. Not paying much attention to those jobless numbers. We are going to be down pretty much across the board. The dow industrials on the down side to the tune of 200. The s p down about 20. The nasdaq, not much of a loss there, down 12 points. Now, ive got some negatives to lay out for you. This may be a negative. Several states report big spikes in virus cases following their reopening. Its the second wave worry. Number two, medical authorities in beijing say the new outbreak has been controlled, their words, but virus statements out of china dont have much credibility with investors. Heres another one. This is not helping. The European Union will go ahead with its plan to tax big American Technology companies. The u. S. Has withdrawn from those talks. This too might be hurting investor sentiment. John boltons book, very ....
This 18 day project will replace part of 101 where it crosses with 280. More on the shut down hour away. Sparks fly thursday night. This is the biggest project we had planned for 2020. Originally set for july and referred to as the they moved up the project. So it could be done now when most are sheltering and roads arent as busy. Eliminating six mile back ups in both directions. Crews will be replacing the deck of the bridge. Were seeing cracking and concrete. And its time. Traffic is still expected and so are loud sounds as workers break apart the concrete. Noises that have already impacted nearby neighborhoods. I have heard prep work. Construction. Cal transsay the contractor is using saw hammers instead of jackhammers. It will be loud and there will be back ups. Neighbors say thats okay but. The faster you do it the less noise i have to deal with. If you think its loud now it will get louder when the project gets under way at 6 00 a. M. Friday morning. Ha is when all northbound lan ....