Mid 80s in San Francisco and 90 in oakland and upper 90s for san jose and 108 in concord. We have excessive heat warnings and heat advisories that will be in effect from 11 00 a. M. Today all the way through wednesday 9 00 p. M. And thats for most of the bay area except for the immediate coastline. So this will be a prolonged heat wave for us. Here in the bay area. Well talk more about what you can expect as we head through the next several days where you live, coming up in a few minutes. And due to the dangerous heat, state officials have issued a statewide flex alert for today. Were all being asked to voluntarily conserve energy between 3 00 and 10 00 p. M. If you need a place to cool off, there are several cooling centers around the bay area. Palo alto will be open from 1 00 this afternoon until 6 00. And cooling centers will also be available in san jose at may Fair Community center. The Camden Center on union avenue. You can also stop by the Roosevelt Center and doors open at 1 00
Where might it be signed . How about london in early december, when President Trump attends a nato summit . Theres a lot of speculation that xi might be there. Well, that is magic to the market. Stocks are going up. Look at this. The dow industrials will be up well over 100 points, maybe 140 points. The s p 500 is going to be up about 10. Thats. 33 . The nasdaq will chime in with a 30point gain. That would be about. 33 or more. Here come more record highs. All right. Now, how is this for a headline . Turmoil at one of the most powerful companies in the world. Google. The board has opened an investigation and hired an outside law firm to look into Sexual Harassment and misconduct. Shareholders and some employees are not happy with the big severance packages given to executives who are being forced out. At the center of the probe, andy ruben, who ran the android division, and David Drummond, googles chief legal officer. This is not a story about the stock. Its a story about relationships
Good Tuesday Morning welcome to squawk alley. I am Carl Quintanilla with Courtney Reagan at the New York Stock Exchange Morgan Brennan has the morning off. Jon fortt is live at the made by google event in new york with new hardware announcements expected more from jon on that in a moment we got s p 3 k, First Time Since september 19th we start with libra, down to 21 partners as seven founding members depart facebooks crypto association. Kevin delaney and michael ferda. Good to see you. This was quick the tepid announcements of support and poof why . You know, whats happening is that facebook wants to launch this currency which is basically a Payment System what theyve run into is sense that regulation would be aggressive parking l partners sent squish ee letters of intent and exercised their right to back out. Facebook says they have 180 partners they vetted but we have seen visa, master card, stripe, paypal drop out. Thats a big blow for some ambitions. Thats the important point. That
86point gain. S p and nasdaq also looking to be higher at the open. In other news, lebron james is trying to do damage control after criticizing the Houston Rockets general manager darryl morey for his comments on the hong kong protests. Wait until you hear what lebron is saying now. The democrat president ial candidates are in ohio for their big debate tonight. You can bet they are going to rip President Trump and promote their far left policies so how will that play in ohio, of all places . We are on that all morning long. And we have a lot to go at this morning, including Mark Zuckerberg meeting with some big name conservatives, walmart delivering groceries right to your fridge. That and so much more. Varney company starts right now. Charles hey, go happy birthday to you ashley go, baby, go. Charles stevie wonder, folks. Classic happy birthday in honor of fox business. Its our twelfth anniversary. The Network Launched 12 years ago today. Golly, time flies. We are of course thankful
Charles the dow nearly 300 point higher, topping 27,000 as big banks beat this morning. Third quarter earnings season has indeed kicked off with a bang today. Jpmorgan, goldman, wells fargo, citigroup, blackrock all reported ahead of earnings open this morning. Just the two banks alone, jpmorgan, they have got 10,600 branches. They give us a great view of domestic economy. Jamie dimon saying the American Consumer is going strong. What does that mean for the stock Market Going Forward . Joining me nuveen equity strategist bob doll. Thanks for joining us. Thank you. Charles so far so good for the week 23 S P Companies reported. 91 have beat. Wont be all that good but what are we getting so far. The strength of consumer. We have yet to hear from Manufacturing Companies where things are more questionable. We need stabilization in manufacturing here and overseas. Germany, china, pmis, the isms, get a little stabilization there i think we get a lift. Charles when jamie dimon this morning tal