From volkswagen today. The auto company, vw, just unveiling its new electric suv. It will be assembled right here in tennessee, usa. Volkswagen of America President and ceo, scott keough will give us all the details a very busy hour coming up. Johnson johnson is beginning a latestage trial of the oneshot coronavirus vaccine. Jackie deangelis with all the details. Hi, jackie. Reporter good afternoon to you, david, that is really important. Latestage testing will get to us the vaccine this is phase three for Johnson Johnson. Administration operation warp speed has four candidates now, this is the fourth one to get the latestage testing phase. Phase three for Johnson Johnson will be 60,000 people across the country and abroad. Moderna, pfizer, astrazeneca, they are the other ones right now in the latestages this is coming as the department of health and Human Services Just Announced 200 million as well to try to get certain jurisdictions ready to administer the vaccine. It will help them
And allowing the government to negotiate medication Prescription Drug prices. And for residents and homers to stay in their homes during the pandemic. Live coverage of the house. The speaker pro tempore the house will be in order. The prayer will be offered by father conroy. Chaplain conroy let us pray. God, thank you for giving us another day. Those who omfort suffer from coronavirus. Healing. Bless and comfort those who mourn the loss of loved ones in wake of covid19. Psalmist, we turn to you. Have mercy upon us, o god, for treated harshly. Harshly all t us the day. Attackers. Re our almost high when we are afraid place our trust. We praise the word of god. Not fear. N god and do all the day our enemies foil our plans. Their every thought is of evil against us. Lie in wait for our lives. Our threats are many, o god. Unrest in Police Reform, aggressive russian and policies, a struggling economy. Our time of need. Bless the peoples house and may that is done be for your amen. R honor a
Salesforce also up higher. A lot of those secondtier tech names also did well. 10, 15 or more. They are looking for what they think will be the next leg up in this market. Taylor we do a lot of analysis here that abd traditional models dont work anymore. But over the weekend, i was reading about the fed model, ifating around an idea that you use the fed model, equities could march higher than where they are right now. That is a note in the midst of some of the optimism, that catches my attention. Romaine jack, lets pick up where taylor left off, specifically around this idea of how you evaluate market and whether some of the core metrics for valuation really matter in the timeframe we are in. Into this next earnings season really paying attention to some of those more traditional metrics . Jack i think some of those more traditional metrics make sense still as long as you compare them to other metrics. I dont know if the core price to earnings ratio on the s p 500 tells me a whole lot
Daron. A lot of 30s showing on a map were used to seeing temperatures only going down to the mid to upper 40s this time of day. It is about ten degrees iscoa camera looking back for the city. The current number right now in oakland is in the upper 30s. It is 37 degrees right now in the bay. Livermore at 33. That is cold. It is at least a little more expected for temperatures in inland spots like not to get so cold. It is 45 in the city for San Francisco right now and it is 35 in santa rosa. Look at the 24hour difference. From 9 to 14 degrees colder now thanat this time. Find that heavy jacket. As far as the rest of the today goes, there is light rain coming back, but not until we get into the evening. Light showers tonight. Then another opportunity that upby the time we get into monday morning. The more notable rain is wednesday and thursday. Widespread heavier rain by the mid and late part of this coming week. Well talk more about that in the complete forecast in a few minutes. Back o
Now, and tonights project home, Susie Steimle breaks down the latest draft. Reporter if you are someone who supports as be 50. Sb50. This new and improved bill checks every box for californians. Reporter or vehemently opposes it. It has failed three times. Reporter you have at least one thing in common. You are likely entrenched in california housing policy. Senator scott weiners highly controversial bill does deserve a break down. It was introduced last legislative session and then put on hold. At its core, it is a Housing Production bill at co uragenesj the bay areas bigcity may it. E small cities, homeowners, and people who want local government to maintain sony control dont. Sb50 mandates zoning areas that are in the area of Public Transit without taking into consideration the existing Service Capacity of the transit or other infrastructure needs of the area. Reporter gordon mar and the board of supervisors in San Francisco largely oppose sb 50. They call it a trickledown housing b