Connell a pound per day. Dagen that is heavyduty weightloss right there. Speaking of losses, Nicole Petallides with why the market is selling off. Nicole absolutely. The Dow Jones Industrial avera average, as you noted, a big selloff down 182 points. We are coming off the heels of tough numbers out of china. That is where we took our queue below 50. Showing contraction rather than expansion. We took our queue from that as well coupled with not the greatest economic report and the likes, but the dow down 1. 1 , s p as well. Treasury yields also coming down to 2. 80 on the 10year period shows the safe trades are in. Back to you. Dagen thank you, nicole. Connell a fox news poll shows a solid majority feel are still in an economic ditch. Dagen 74 of americans say it still feels like we are in recession, just 22 feel like the recession is actually over. Fox news contributor Monica Crowley joins us now. The recession ended literally years ago. In 2009, it is really pathetic people still feel
We are going to talk about highfrequency trading. It has not lost money in five years. Goldman sachs used to do that all the time. They used to have quarter after quarter of losing money only one day. Is see bio is he the next hope for the republicans . And we will talk about online privacy, coming up. Edward snowden talk that sxsw yesterday. I am glad that matt got to the bottom of the mystery. , butarted with a yesterday i want to mention it again today. It wasseeing, it commodities related shares that were down. Oil is down, copper is down. Oncerns about growth in china this stock is down about two percent. Mcdonalds is up. The cfo saying that it will take more steps to return more cash to shareholders. Like that and the stock is up three percent. Urban outfitters, matt does not get urban outfitters, what the company did come out with earnings that beat estimates. The company ceo says he is cautious about the First Quarter. We should all be so lucky to go five years with only one da
This program is made possible by contributions to your pbs station from viewers like you. Captioning sponsored by wpbt susie good evening everyone. Sales of new homes fell to an alltime record low in july. Tom, youd have to look back to 1968 to see home sales this low. They plunged 12 last month. Tom and susie, todays news comes on top of yesterdays disappointing report of a big drop in existing home sales. Things are so gloomy that president obama took time out of his vacation to hold a Conference Call with his economic team, focusing on the deteriorating Housing Market. Susie home prices continue to fall as well. The median price of a new home last month was 204,000, almost 5 lower than a year ago, according to the commerce department. Now, prices on existing homes . About 183,000, slightly higher than last summer. Lower prices havent been enough to turn browsers into buyers, and economist dean baker says theres a reason why theyre waiting. People are acting reasonably, given that yo
Golden gate bridge. Along the coast want to get rid if its going to be much cooler this after no permit 100 and live high 90s permit wednesday morning at clouds and fog. It would be the color and for the rest of the week will start off most mornings with areas of clouds and fog and that was it temperatures around seasonable for this time of year. The marine layer is of little sector which is forcing a little bit more fog but plenty of sunshine expected for today. Temperatures right now 65 in livermore 67 anny app. Still fairly mild far inland locations this morning as for the east bay 57 oakland 55 in San Francisco 54 in santa rosa san jose good morning to you your and the lower 60s. Highs for today. No 100 clavicle where including livermore and antioch topping out and the lore 90s today with a lot more comfortable for you folks. It in an unpleasant and 83 in concord. The 70s. 79 in fremont. They redwood city 67 in downtown San Francisco low 80s and center fell 83 in napa. So a lot of
Reporter this place is normally opened until 2 00 a. M. Whether what happening inside here was gambling or not, investigators want it to stop. This internet cafe in concord was so busy no one said a word to us when we walked in so we waited in line to speak to a manager. What kind of business are you running here. You know what, i really cant talk to you right now. Reporter she later explained that people pay for internet use. But near by businesses say theyve been the biggest losers since the internet cafe opened. Its gone from being a good neighborhood, to outside of a casino in las vegas. Reporter and saw no other Business Activity which violated zoning and institutes an unlawful nuisance. While we were still in the business, the manager suddenly announced they were closing. Whoever is still on the internet, you need to save it. You shouldnt gamble because you guys are out here. Reporter other bay area cities have passed bans and moratoriums on area cafes. I can see whats going on.