We have the dangerous heat, moderate risk of heat illness, everywhere but the coast. Youll be in the 70s and 80s. Red flag warning. High fire danger over the dolan and glass fires. New fires could spark. The winds are the issue through 6 00 tomorrow evening. Were waking up to unhealthy air. Its unhealthy for everybody in napa. Unhealthy for sensitive groups in oakland, livermore, fremont, redwood city and unhealthy for everybody in san jose and this morning. Its only going to get worse today. Heres a quick look at your planner. Its 65 degrees in San Francisco. Gives you an idea of how much hotter its going to be today. Record highs likely. Well talk more about that. Lets get back to kumasi for the latest. Thank you, mike. Governor newsom will be in the north bay seeing the glass fire firsthand. Its continuing to grow in napa and sonoma fires. Its burned close to 52,000 acres. Its only 2 contained. There are more evacuation orders with flames threatening more than 26,000 structures and
Good morning, kumasi. A flight a tep dapt that we spoke to described it as the end of a dream job or career. Hes furloughed as airline aid expired at midnight last night. Right now airlines are furloughing tens of thousands of employees. American, delta and United Airlines have all announced furloughs and all of those airlines have a major footprint here at mineta San Jose National airport. Air travel is down 70 from last year. That is, in part, the reason they have to go through with the furloughs. A second round of airline aid has been stalled in washington for weeks. Thanks to inaction from congress, theres no telling when help could come, forcing airlines to shed tens of thousands of more jobs and taking the former employees off their health care. I had dreamed of being a Flight Attendant when i was a little girl. My dreams came true. I have my dream job. I have been asking myself, what do you do when you lose your dream job in where do you go from there . I dont have any answers r
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
Be the next big short, real estate four reasons why we are asking that question tonight. First, the jobs market jobless claims coming in worse than expected pointing to an uptick in layoffs. Plus a stimulus stalemate, Goldman Sachs slashing its numbers in half as Congress Stalls on a stimulus package many big businesses rethink the need for large office space. When you put these factors together, is real estate a house of pain . Could it be the next big short tim . Well, maybe number five are those new home Sales Numbers that came out today that showed the exodus out of the northeast into the south is very pronounced youve basically doubled the amount of new homes in the south region from april from around 330 to 630 northeast isnt growing. A lot of these are major metropolitan areas and a lot of these are a function of the work at home. With that, i think this is something thats very, very concerning also, as with markets you have to look at the commercial real estate a function of wh
Shift toward ecommerce. I think for investors, for business in general thats really the question of this moment right now for those businesses that have had this shift to online and have been able to capitalize that, were going to have skzinga on later d theyve done well in engagement because of that shift, how much of that are they going to be able to retain and continue for the rest of the year how much can platforms like apples ios and app store, were getting wwdc coming up in a few weeks, what changes can they and developers make to retain more of that benefit and maybe see a continuing shift in behavior thats unclear, but a lot hangs on that, morgan. Thats so right, jon, and that shift online i think is everything and a big part of that is ecommerce its one of the reasons im keeping a close eye on the u. S. Postal service right now, which is set to report its Quarterly Earnings tomorrow. Last night the usps announcing its finally getting a new postmaster general, louis dejoy, had