The forecast going into the weekend. When we may have a light chance of rain and where thats coming up. Mike, how is it looking getting around the bay area . The bay bridge toll camera is clear and thats traditional during the thanksgiving week. We have lighter volume and almost no commute times like right now. The map shows a little bit of slowing across the span where the arrow is. There is fog. Watch out there as you head over between vallejo and novato. Pretty much all green except for one spot. Thanks so much, mike. Its 6 01. Happening today president elect joe biden may receiver his first classified intelligence briefing and will deliver a thanksgiving message to america. This comes following his exclusive oneonone sitdown with lester holt. Tracie potts has the latest on the president ial transition. I know the president elect saying america is back. Reporter he said america is back, and he was talking about Foreign Policy after introducing his National Security team. They had a
87, the s p 500 is up 10. 5 this month the russell 2000, the biggest ever month live oly outperforma small caps that sort of sets the scene for us your note today to our producers to me says everything, bryn. You say, yeah, were overbought, the market is technically ahead of itself, 200Day Moving Average but wed be buyers anyway yeah, you summed it up perfectly. I think to give some perspective around that, when youre looking at technicians or technical calls, the 200 Day Moving Average, over 90 of stocks in the s p are over their 200 Day Moving Average when that number gets above 80 , thats typically a time to take a stand back as a trader as an investor, though, as we are, you want to take a look at that and say, hey, if we get a selloff, which im sure well get because thats just the price of admission for being an equity investor, we absolutely want to be in stocks because what are your alternatives cash or bonds . And both of those offer you no yield and so we also think that next
The 1. 20 mark. We will talk about that in just a moment. We are basically flat. Brent crude, which has soared during the month as well, what and what is happening very ,arefully with that opec story trading 47. 68. In terms of the german bund market today, we are seeing a little bit of movement, but not much. That kind of captures the story of the last month, doesnt it . Not Much Movement in the bond market, lots of movement elsewhere in risk assets. This kind of sums it up, the one month of the stoxx 600. For some markets, many markets here in europe, smaller markets were up by over 20 . Alix back to the main news with the vaccine because it is monday, so we obviously have vaccine news. Moderna is requesting clearance for its vaccine in the u. S. And europe today after analysis showed it was 94 point 1 effective in preventing covid19. Moderna Ceo Stephane Bancel will be speaking to us later. He earlier said that we have millions of doses ready. We will have more and more every couple
Comptroller of the currency, the Senate Banking Committee Received a 6month update on the state of Banking Systems, the impact of covid19 and support for Small Business owners in communities of color. This runs an hour and 45 minutes. Today we welcome to this virtually hearing the federal prudential regulators, Federal Reserve vice chairman Randal Quaries, office of the comptroller, brian brooks, chairman of yellen and mcwilliams, chairman of the National Credit administration rodney hood. We will receive testimony from each agency on efforts, activities, objectives and plans since we last testified before the committee. As well as an update on covid19 related actions. Since the passage of the coronavirus a relief and Economic Security act or cares act your agencies have taken many meaningful steps to ameliorate the Economic Impact of the pandemic as you provide conditions that will lead to a forceful recovery. On october 30th the Federal Reserve announced changes to its facility inclu
Is for. Beethoven is for cars. Is for. Beethoven 2020 the 250th anniversary here on new. The uncertainty continues but investors seem to have place to their baggage stops again in shop me from wall street to hong kong as joe biden looks on course to win the us president ial election also coming up the Worlds Largest i. P. O. Was cute today but to beijing pulled to the pluck at very short notice whats behind this move we go to our correspondent in tie pete for. Hello and welcome to your business on one of the johns and good to have you with us so asian markets advanced as democratic challenger joe biden led to donald trump and republicans looked said to hold on to their majority in the Senate Analysts believe a divided u. S. Government would make tax increases and tighter regulations on business unlikely but im saying in Hong Kong Rose more than 2. 7 percent while the nikkei index in tokyo gained more than one percent investors hope they will beat a new rescue package in the u. S. Soon