Election story, and whether the market is saying we want to seek some safety and the dollar is the place to do that. The yen was trading lower against the dollar a little bit earlier on, but eurodollar now trading with a 1. 17 handle. What youre seeing in germany, u. K. , canada, and the United States is quite a sharp curve flattening, pivoting around the tens. The 30s are down quite hard in terms of the yield, so a big bid at the back end of the bond market. Alix all part of that is the virus story you were discussing, so lets get to that. U. K. Chief scientific advisor warning of 50,000 new cases a day by midoctober if urgent measures are not taken. Cases are increasing. Hospitalizations are falling. Deaths unfortunately will follow that, and there is the potential for this to move very fast. At the moment, we think that the roughly is doubling every seven days. If we dont do enough, the virus will take off. If we do not change course, we are going to find ourselves in a very difficu
Good air quality returning much like yesterday all across the region were off to a mild start right now with some 60s oakland at 66 san jose in pittsburgh at 67, San Francisco right now one of our cooler spots. Right at 60 degrees talking more about what to expect today still to come robin. All right, thank you john lets check in on the commute now the backup at the bay bridge toll plaza is growing it spilling beyond the atb overcrossing its all the way out to west grand. So it has reached that point words pretty packed coming in, but you wont run into any problems right now so no crashes no stalls just the fog thats the issue Poor Visibility here from the maze right through the pay gates and as we said before you got any the headlights in the wiper so just be careful dont follow anyone to closely space yourself out when youre dealing with dense fog like this here on 92 are looking good busy but not bad 13 minutes to the peninsula. And just a really quick peak at one oh one theres a st
Tens of billions of dollars. You said thats it thats the top of tech the nasdaq was 4400 that week uber High Valuation Companies and use that as your justification to reposition your portfolio. Im not fan of it. Doesnt really work. It makes for better tv than it does for portfolio you dont take a step back and say its 100 times sales this thing has an incredible first day and you dont take a pause. Its not the whole landscape and say i dont think this is good weve seen a million kpaemexs of this. Its not in the s p 500. Investors dont own this in their 401 k its not an important stock. Its a great stock to watch fp lets address it in those terms. Now the stock is getting crowbared. Kramer makes a point. We have this tweet he had on nvidia as well and zoom. It underscores, if you will, i think, very well the landscape and what may be a pull back in some of these loved names especially over the last few months for what its worth, i dont know what octa does. I think that is indicative too
Coming after yesterdays euphoria that is part of the momentum growth trade materials and industrials are the only sectors in the green. We have a few more ipos and awaiting more news on tiktok and oracle it will be busy coming up on todays show, mohammed elerian will join us on the on going stimulus stalemate and well speak with Jim Fitterling and shares of Cybersecurity Firm Palo Alto Networks up 80 from the march lows as companies boost protections for employees working from from home the ceo will join us to discuss that trend and much more lets focus first of all on the big stories youre watching. Mike santoli is tracking to days volatile Market Action we have the latest on stimulus in washington and sara has new reporting on the oracletiktok sag yachlt mi saga mike, markets down 1. 4 . The ive been heavy tape all day. We continue this process of sort of undoing that august overshoot to the upside. Ive been focused on levels that we saw back on august 11th thats about 3333 we closed
California for a briefing on the wildfires ravaging the west coast of the u. S. Fires burning millions of acres have been destroyed millions of residents have to live in toxic air. We need a california farmer now dealing with the aftermath of an unprecedented catastrophe. Prevails in a 5 sets for the. Gold coast a win over germany. Was teams 1st ever in a grand slam final. Welcome to the Program Israel has become the 1st country to announce a 2nd National Lockdown to combat a coronavirus this comes after a surge in new cases that the new lockdown begins on friday and will restrict movement for at least 3 weeks. As israels outbreak threatened to race out of control Benjamin Netanyahu announced the unpopular but perhaps unavoidable decision were going to be today we decided on a Strict Lockdown plan for 3 weeks with an option to extend but as of now weve decided that the lockdown will last until the end of the holiday. Door prelims lot of Health Ministry executives and hospital managers