Cabs over a 5th of the coauthor wrote a new team with a very different vision and a renewed commitment to lead the world. Again. Thats the message from the u. S. President elect joe biden. As he unveils top members of his administration earlier, the president elect spoke surrounded by the men and women that hes picked to be his Foreign Policy and National Security chiefs. It comes as bidens margin of victory continues to grow. Pennsylvania divider have become the latest states to certify the president elect as the winner for towns he has the details now from wilmington, bidens home state, delaware, president elect biden, was unequivocal as he presented his National Security appointments and nominees. Its a team that reflects the fact that america is back ready to lead the world, not retreat from it. Once again, sit at the head of the table, ready to confront our adversaries, and not reject our allies ready to stand up for our values. Much was made of the backgrounds of the nominees as
Fastest pace in three months. I think probably the fed needs to be here, but the october number is the one you want to look forward to. Lets get the totals of what we learned today. It is kind of a good news, bad news day in terms of the economy for some we have had one good, one bad, and michigan is kind of neutral. Retail sales of 1. 9 in the month of september, much better than the forecast and much better than the. 6 gain the month before. Retail sales, ex autos also big. Car sales were strong during the month. And then we look at the control group, the part that goes directly into gdp, and that was percent inly up, 1. 4 august. In august it was down by. 3 . A significant boost for retail sales in the u. S. Economy in september. On the other hand, that news on the manufacturing side, Industrial Production falls. 6, a lot of that because airconditioners were switched off, utilities went down. When youre factoring production surprisingly went down by. 3 . That was the bad news for to
The heels of positive covid19 vaccine news why are all the opening trades down check out the airlines and cruise stocks, battling rocky seas with major losses a cross the board. Lastly, check out casino names youd think they would rally but no a sea of red. Whats with the break down between positive vaccine data and these trades were back to the old play book in the market, tim yeah we had a week off. S p outperformed amazon 8 in a week boy look at the turn around, look at that move by amazon, big upgrades on the street, maybe its just catching up to the levels 3200 on amazon by goldman, alphabet shares theres Different Things going on as good as the potential vaccine news flow could be, i do think that the reopening trade is moving in reverse theres states that arguably have lost control. So, i think consumers are assessing, but more importantly investors are assessing what consumers may or may not feel comfortable doing in terms of gettings on airplanes and getting involved in some h
Morning. Right now on kpix 5 and streaming on cbsn bay area, we are looking live from our Treasure Island camera out in the city of San Francisco and it is monday. Good monday morning. It is 9 13. Good morning, your weekend was a nice one. Lets get you caught up on your forecast. Good monday morning. We are starting off a new week and hopefully you had a wonderful weekend and it was a hot day yesterday. We will cool down today at about 5 to 10 degrees especially in. You will notice the cool down. Temperatures are in the 50s and 60s as we start off the day. A mild start and catching some low clouds around the bay and that leaves the onshore flow kicking in for us. Through our afternoon, upper 80s in santa rosa, concord and fairfield and 72 in oakland and 76 for San Francisco. We will talk about how cool the temperatures will get with the details coming up. Taking look at the covid19 count from Johns Hopkins university, there have been more than 135,000 deaths in the u. S. With cases pas
Low clouds and areas of fog along the coast and the bay, in the 50s for San Francisco and oakland. Through our day, concord is 89 and fairfield 89, 85 in san jose, 72 in oakland and 66 for San Francisco. We will talk about the rest of the week with the on floor coming up. As we look at the roadways, you are starting off with a busier than usual drive into the Allatoona Pass along 580. The good news is that it is clear that an accident the bad news is that damage is all this red on the sensors out of tracy westbound on two 580 and that 580 bypass is packed up. Right now, the drive times are around 43 minutes to go from 205 to 680. Ss in Santa Clara County just reopen their doors once again. We are live from san jose where folks lined up extra early to get to the gym. Good morning. Reporter good morning, so the 24 hour fitness right here near 880, they open at 5 00. They were opening up at 4 30. There is definitely demand for people to get inside to get a workout. This facility, it is 77