Somewhere 1. 4 but the mixed signals are there. Because the Unemployment Rate is at 3. 5 . The lowest since 1969. Wages are rising. Still on the uncertainty, specifically, trade, and the Global Economic slowdown, companies are basically frozen with what to do with the money. Theyre sitting on a pile of cash but waiting for some of that trade uncertainty to sort of shake itself out to figure out where they want to invest cash going forward. That is what the Federal Reserve is trying to figure out for long term assessment of the economy. One of the debates going an inside the Federal Reserve with chairman jay powell. I interviewed, exclusive interview with tom barkin, president of the richmond fed. He said that inflation, or the prices are low. Inflation is low, because of the trade uncertainty. Listen. Whether it is transparency on the internet, big box retailers, the power of their purchasing departments theyre very nervous about the ability to pass on prices. When uncertainty is high,
Sentiment in about an hour our road map begins with amazons rough quarter, reporting its first yearonyear profit decline in more than two years. Shares down 6 ahead of the bell is now the time for investors to get in plus, turnaround for the chip makers intel delivers a big earnings beat demand far outpacing production. And the case for wealth taxes. What lloyd flablankfein says he be willing to pay higher taxes for. Lets start with amazon, though. Earnings miss, disappointing Holiday Quarter guidance weighing on the stock as the company ramps up spending on oneday shipping amazons earnings release, jeff bezos said, quote, customers love the transition of prime from two days to one day theyve already ordered billions of items with free oneday delivery this year its a big investment, and its the right longterm decision for customers. Weve been down this road before and their track record, jim, historically is pretty good on this yes, i think that theres a perception that they were down
Is going to increase that fire behavior to levels we saw when the fire initially began. Lets pull up the map of the areas affected by the kincade fire. The red portion at the top of the screen is where the fire is burning. The purple area shows where there are mandatory evacuation orders in place. The blue area indicates places where people were told they can now return to their homes. However, they have been told there is still and evacuation warning in effect, and they should be ready to evacuate again quickly if necessary. 30,000 people in western Sonoma County are back at home this morning. They went back after getting the allclear to do it. Allie rasmus is at the fairgrounds with fewer people today. Reporter yes, overall the kincade fire has led to an unprecedented number of evacuations, as we know, about 250,000 people across northern california. Here at the Sonoma County fairgrounds, this is one of 16 shelters according to the red cross thats open and serving evacuees of the kin
Around the bay area over the pg e power shut off. Some areas getting electricity restored right now, others wondering when they get the lights back on and for how long. Good evening, thanks for joining us. I michelle griego. Of the 1 million customers affected by the outages, about 400,000 are still in the dark this afternoon. Things are looking good in the east bay, the south bay and the peninsula. Most of the power back on bare. Theres a lot of work to be done in the north bay, just 11 of customers had their power back in Sonoma County where the kincade fire is burning. Jackie ward tells us more outages could be in store this evening. Reporter pockets of these parks have not had power since saturday while others are losing it today. Some people i spoke to said this is getting expensive. For carl hamilton, today is his familys fourth day without power. Its been hard on us, we are making it through. Reporter he is spending more money than usual just to keep his family fed by going to a
Your thanksgiving table. Which is only a few weeks away. Great way to start the show. I will definitely say there is a toxic atmosphere developing for ipos. News this morning that endeavor is delaying going public. Thats an entertainment and Sports Company and this is the second time its delayed. Weworks ipo also clearly in trouble. More on that in a moment. Pelotons debut yesterday was not good. The offering price, 29. It closed the day at 25. There are a lot of new companies that people might like to buy into. But it seems that the valuation of many is just too high. May i use the toxic word again . Try this. A toxic environment for vaping. The cdc reports that 52 jump in vaping related lung illnesses. This is now a hot button issue with a Legal Industry under sharp attack. Vaping came in as an aid to quitting smoking. Its not looked at in the same way now. Lets change the subject. Wait until we see wait until we tell you how much Jerry Seinfeld is getting from netflix. Wait until we