Areas still in the 70s with the coast, staying cool yet again. Daria. Thanks a lot john the 7 oclock and lets get to the latest on the coronavirus pandemic thats a growing problem in california. Governor newsome as we know just gave that warning yesterday about a spike in cases and the state has seen its singleday total of cases the highest since the pandemic began yeah so weve got as we take a look at the numbers more than 5,000 new coronavirus cases just yesterday alone. Statewide for more than a 191,000 confirmed cases with 5600 deaths closer into the bay area were looking at more than 20,000 confirmed cases now with 538 deaths the numbers continue to climb and whats troubling guys they start to climb faster now like in Alameda County there reporting the most new cases in the bay area the past 24 hours 250. New positives kron fours reyna harvey is live there now with the details reyna. Well dorian james you just laid out the alarming numbers 5,000 new cases in california in a day an
Where i was over the weekend among the headlines and there were a lot, a warning about potential risk for the u. S. If Tech Companies decide not to do business with the pentagon. My view is if big tech is going to turn their backs on department of defense, this country is in trouble. That just cant happen so we have to, it is up to the Senior Leadership to say i understand these are emotional issues, we dont have to agree on everything, but this is how were going to do it we are going to support the department of defense. This country is important. Meantime, heavily redacted 103 page document that was just made public a short while ago, amazon says President Trump launched, behind the scenes attacks against the company, which led to it losing out on the major jedi contract for Cloud Services that we have been covering so closely. Guys, in general the bottom line from jeff bezos at the event this weekend is amazon, you could make the argument origin, the Space Company looking for Nation
Before but investors remain bullish. We are on record close watch for the three major averages, as we stand, the nasdaq and s p pretty comfortable. The dow just higher, though, by only 0. 1 . Industrials the only sector in the red. Consumer discretion. Joining us, josh brown from Wealth Management. Well done. What did i say . Im not sure. It was cute. I got close enough. Lets stay on track nasdaq, dow, s p. With almost nothing in the red at all. Its bigger than that 52week highs for the slf. Bank sector. Very, very key incredibly bullish Consumer Sector spydr. Look at the usual suspects, xlk. Off the radar things that are happening thats really interesting. This might be because enough tax law selling has already occurred or traders are anticipating the end of that. Some of those highprofile ipos that blew up this summer and fall are starting to make meaningful moves off their lows, looking like they could be putting in a sustainable bottom. Peloton, after a very disappointing debut. S
Well get to those stories in just a moment but we want to begin with some breaking news. Awarriors. The team evacuated from the arena in Salt Lake City this evening following their game against the utah jazz. A Security Guard found a suspicious toolbox inside the arena. A bombsniffing dog gave a positive hit on that box. That prompted everyone in the arena to evacuate. The warriors were in the middle of their postgame interviews and were rushed to their team buses. Just minutes ago, the Salt Lake City Police Department told us that box posed no threat, so an allclear has been given. The warriors are now on their team plane. Another dangerous incident on 101 near gilroy. A Football Team from Carmel High School was on its way to a playoff game in san jose when that team bus was hit by some kind of projectile. It happened in prunedale, a stretch of 101 where thousands of people were actually traveling for the holiday week. Also concerning, this isnt the first time its happened there. Ian
Well debate it straight ahead. The Investment Committee is ready to go. Halftime report is ready to go right now. Welcome. Good to have you with us on this friday our Investment Committee today josh brown, jon najarian, tom lee managing partner and head of research and brian belski, chief investment strategist. We begin today with the market stocks are higher friday still, though, the s p on pace for its first losing week in the past tom, i turn to you i said in the show, were going to put two bulls to the test your year end target is 3200 and will you get there confident . Yeah, i mean, i think we could even exceed it in the next seven weeks. Because of . Well, you know, i think Economic Data is really improving. I think as people start thinking about next year, theyll see upside risk to growth and then when you look at positioning, i think people are still uncomfortably, defensivably positioned that movement of cash into equities is part of that rocket fuel belski on october 30th, i