Vice president says we never promised highpaying jobs. You will hear him say it and you will see netflix publicly blamed cable carriers. Is a big day. Varney and company is about to begin. Thursday morning, we are up 24 points. That means we are in record territory. Diaz and the 500 coming up another record close, 1929. That was a perilous year. The level of the s p as of now. Look at gold, on the year so far, a calendar year up 40, up 10 today. In europe and new developments, big banks have to pay other big banks to keep money in accounts of big banks so you put 100 euros in you will get 99 euros back. Is called a negative interest rate. It is new and happening now in europe. Move on to americas benchmark Interest Rates, the yield on the ten year treasury, no change despite what is going on over there, 2. 60 . We can expect maybe an amazon smart phone later this month, that is the speculation, some announcement coming, stock is up 10. Investors like the idea. Twitter in talks to buy a
Stuart it is a big name. You know it. Look at the stock. Amazon plans to announce a smart phone of its own. Come on in, charles payne. You give the razor away. Amazon still starting to tread into the hardware side of the business. You make a lot more profits on this side. Topline growth is fantastic. At some point, you have to start making money. A lot of hardware stuff for a company. They do not get the benefit of the dow like they used to. Apparently, this smartphone will be able to project 3d images without those glasses. Stuart oh, really . That i did not know. That could be huge. It is a platform to sell more stuff. Stuart you stay in touch with friends. That is facebook. Would you bank through facebook. In europe, it is getting ready to launch a Financial Services system. They want to license it. Sandra, that is a huge leap for social network. It is logical. Lets keep in mind the Business Strategy here. Facebook has been looking for a way to get into the emerging markets for quit
14 as investors worried about a report about an fbi probe into the company. The wall street journal report amazon could have a smart phone ready this year. And, the Ohio Department of Natural Resources concludes fracking for oil caused tremors in the Buckeye State last month. There was no immediate comment from the oil company. Ben lichtenstein of traders audio. Com joins us on this monday. Should investors be concerned about the market today. Mondays tend to be rough days for the market. Another manic monday if you will setting up here. Looking back at last week though, what would you expect . What a week to say the least. Closing out weak near the lows in the s p. Down near that 1800 leveltheres a bit of a psychological level. Theres also some Technical Support there. But the real level we were watching on friday was the 1820 level. We breached that. No rejection for the most part at these lower levels. So in my opinion its just a signal that theres more weakness to come. A lot of en
Foggy here now all but your visibility is still my bed. Youre doing pretty good compared to what you have seen over the past couple weeks. Lets take a looked at your planner for today, as a walking to the forecast, and the temperatures are not going to change a lot. It will be clear skies outside, and will will start to kick in and near noon time. The inland temperatures will be mid to upper 70s and by 3 00 p. M. The enormous time, the low 80s impossible the mid 80s. This is closer to the war you will be in the mid70s. That is just the way that today is breaking up we will talk about Long Time Coming up in just a bit. George as we started a look at the bay bridge, the westbound commute, is coming up over oakland hills. Sterling quickly, what we can still see the traffic is backed up all the way the and the 880 over crossing your best approach to the bridge this morning is coming from the nimitz freeway. Lets take a look at the corridor commute. There is a new accident at fremont, the d
With maximum sustained winds of 102 miles per hour. Harvey is rapidly becoming more powerful. It was just a tropical depression this time yesterday. The National Weather service says harvey will bring a life bring lifethreatening amounts of rain, nearly three feet in areas. This storm will linger there for days. Well have the full forecast in a moment. This morning, there are mandatory evacuation orders for at least a dozen cities and counties along the texas coast with voluntary evacuations in other areas. Governor greg abbott declared a state of disaster in 30 coastal counties and activated 700 members of the texas army guard, air national guard, and texas state guard. Texas highways filled with cars yesterday. Interstate 37 out of Corpus Christie backed up for miles. Those choosing to stay in place, look at that exodus those choosing to stay in place not taking chances, theyre filling sandbags, stocking occupy food and water fox stocking up on food and water, boarding up windows. A