First we have to talk about these cold temperatures this morning. It is a downright cold morning. It is and weve had to bundle up. Some of us had to turn on the heaters this morning. Some cool afternoons as well with a lot of sunshine. The rain has moved out. Im watching these freeze warnings that we have in effect for parts of the north bay and frost advisories. So the plants need to be taken care of. Mike, how is it looking for the commute . Kari, its looking great. Were looking at no problems on the big map as we showed you. The dumbarton bridge got wind advisories from chp saying they got gusty conditions overnight an issue for folks driving over i80. Marcus you have an issue some of my drivers might see. Breaking news, mike. This is a live look where firefighters are in the midst of battling a fire at the Georgia Pacific paper plant. Crews are pulling out what they can. That thick cloud of smoke and you can see there the waterspout right there. Smoke has cleared. New cardboard box
Changes hell make starting on day one. And the latest signs of the growing covid surge across the u. S. As hopeful new information comes in about a leading candidate in the search for a vaccine. And a very good monday morning, a chilly start to our day. Thanks for joining us. Im laura garcia. We have to start with these cold temperatures. Kari, will it be cold throughout the day . Yes, and were looking at well below normal temperatures setting records for lows this morning. Were going to have more of these frosty mornings and cool afternoons over the next few days and were also tracking some more rain set to move in by the end of the week. I want to show you what youre going to feel as you step out the door. Check out concord, now 32 degrees. Freezing in a lot of spots. Well talk about whats ahead in the forecast. Thats coming up in a few minute. Mike, how is it looking getting throughout the commute around the bay area . Kari, im worried about folks heading across the bay bridge into
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
September. What is interesting, with the this on the screen, unconventional transaction of tesla. Additional 5an billion of shares geared toward perhaps the nonmainstream, the nonwall street crowd. Tesla is interesting because people using bubble with stocks. 2 tesla. Tom a recent secondary, even with moonshot on the markets. This will not be publicly offered. It will be Equity Distribution and distributed by banks as tesla chooses. Somewhat akin to what we saw with lesser successes. Here,l be widely studied the why of this transaction as well as the need for 5 million they are looking for. Here andarkably up big still elevated from where they were. What else are you looking at . Ina the story today markets, aside from tesla, is the dollar and the question of whether people are going to say this is the end of dollar supremacy or if this is just an indication of the low yield, the negative real yield and this idea of global trade. It is the two sides of the story. Tom not only yields do
To expand its territorial ambitions. Big oil gets ready for a post covert world with billions in White Nigeria gets ready to export gas to europe. But no money to send home families struggle to pay for food and rent its global witnesses to the pandemic. In the himalayas in disputed territory china has been exerting its presence to deadly effect 20 indian soldiers were killed in hand to hand combat the standoff between the 2 Nuclear Neighbors is just the latest move by an aggressive beijing to use its growing economic might in territorial disputes from taiwan to its control over hong kong but its president xi is reach across the South China Sea that we want to look at closely this week to do that its defense spending is inching higher and higher from 143000000000. 00 in 2010 to 261000000000. 00 in 2019 aljazeera alex go topless takes a closer look now at chinas naval ambitions. This is a photo of a shipyard in china so it shows night watch ships a Missile Defense system an Aircraft Carr