The boards on the windows have come down. The holiday lights and the Christmas Tree are up. And stores are now hoping for the holiday rush they desperately need to survive. Good evening, im elizabeth cook. And im ken bastida. Lets go to kpix 5s andria borba. Andria, despite the shutdowns, despite the pandemic, businesses are still hopeful . Reporter businesses are still open. Of course, on friday here in San Francisco, indoor restaurant dining will come to a halt per the mayors orders, but brick and mortar retailers and the large stores and small stores supported by them say they need this Holiday Season to be good in order to survive. Its kind of make or break. Reporter union square retailers say they need a big Holiday Season to survive after months of nearly empty streets and few shoppers. Some large chains have already filed for bankruptcy protection and the Small Businesses who feed on foot traffic from Bigger Stores say they are fighting to stay alive. We would really need them t
We are up for it faangs really driving that. We are up 4 . Usually a useful indicator in terms of risk sentiment. A clean kind of number actually providing one message from the market, confusion. The german tenyear guilt, we do have a bid on bunds, but the move particularly at the 30 end of the u. S. Curve really quite stark today, a big flattening of the curve. Alix it all depends on where we are in the u. S. Election. Nick wadhams of bloomberg joins us now. Where are we . Wheres michigan . Wheres wisconsin . Where is pennsylvania . Nick joe biden leads in wisconsin and michigan, and it looks like those numbers will hold. Wisconsin aspects to make a call later today, although the margin is so narrow that there will likely be a recount. President trump leads in pennsylvania, but both sides say they are confident that they will win that state. Essentially we are doing right now is playing a waiting game. There are states like nevada, pennsylvania, georgia where it is still going to take
Date on where the various districts of the Federal Reserve think the economy stands right now. Plus, jpmorgan taking on square and paypal with a big move into the Small Business space could the banks upend the market and these highflying stocks later, gm doubling down on its autonomous ridesharing business the ceo of cruise will be here to explain why he thinks ridesharing will thrive again after the pandemic power lunch starts right now hi, everybody. Lets go to dominic chu with big movers. I have taken over tylers spot at the telustrator. I will show you because tyler told us about the whiplash weve seen on the headlines. The markets are largely pricing in a lot of nothing right now. We were marginally lower, marginally higher at one point, and now were mixed across the board. Dow industrials off 30 points. The s p 500 up 0. 1 of 1 or four handles and nasdaq composite outperforming, up 13 basis points to be specific there. 3446 the last level for the s p 500. If you take a look at so
Excuse me, just shot, not killed. Shot in louisville, kentucky tonight as part of the protests in reaction to the grand jurys decision in the Breonna Taylor case. Were going to bring you more details on all of this throughout the news cast tonight. A lot of tension right now. And people here in the bay area are also expressing their outrage over the grand jurys decision. The city of oakland is gearing up for possible demonstrations. Jodi hernandez is live in oakland with more on that. Jodi . Reporter janelle, people here in oakland are hurt and angry over the grand jurys decision, and tonight, theyre expressing themselves. Im enraged but not surprised. Reporter thats how many are reacting to the news that the officers involved in Breonna Taylors death will not be criminally charged for her killing. A grand jury indicted one former officer for wanton endangerment, for putting the lives of taylors neighbors at risk. But is not charging any of the three officers for taylors death. Every t
Previous peak on february 19th and all i heard is its because were having a v shaped recovery wrong, wrong, wrong. Not just wrong but laughable in a v shaped recovery the Dow Jones Industrial average would be hitting highs but this move is led by the nasdaq and s p including today the dow lost 67 points as the s p advanced 2. 3 , the nasdaq gained 7. 3 you dont need to be a Rocket Scientist to figure this out look at the stocks that have brought us to these levels they are not the recovery plays. In fact, they are the opposite they are stocks that tend to do well because of what we call secular considerations, not secular like nonreligious but secular as in they are doing well because of trends in their own industries, not the economy. Far from it. Allow me to explain. We had a magnificent v shaped recovery in the stock market, but the stock market is not a great reflection of the voter economy anymore. If anything, the actual economy is in precarious shape now that the government stim