Thanks for joining us, welcome to another wonderful session at the southern festival of books on behalf of humanitys tennessee be want to thank some of the festival sponsors including the Metro National arts commission, ingram content group, tennessee arcs commission Vanderbilt University and burnett books. If youre watching today on facebook live, or on youtube and you have questions for the authors during the session, you will need to switch over either to the festivals app which you can download in the app store on whatever device youre using, or you go to their website which is hum tn. Org sf be southern festival of books. And then there is a chapter where you can ask questions for the authors at the end of todays session. We want to mention that parnassus is our beloved bookseller for the southern festival of books. And your purchases of the books being debuted this weekend at the festival help keep this festival free. Youll be able to find a link straight to their online store in
Yeah. Kari, it was a toasty weekend. Yeah, we had some warm weather for the inland areas but it was still cool and foggy near the coast. I went up to stenson beach and it took until 5 00 in the evening before the sky cleared and it was nice and cool. And we could see the fog starting out early in San Francisco. Seeing it misting and drizzling at times and here our temperatures will stay in the 60s. You head across the bay to oakland. It is in the mid70s and upper 80s for the south bay. And then some mid90s for the east bay. Up in ukiah today, expect a high of 98 while santa rosa will get a little bit of the ocean breeze coming through the mountain gaps and well be in the mid80s. Well talk more about what is ahead for the rest of the workweek in a few minutes. But mike will get you ready to head out of the door. I wasnt ready for this, kari. The bay bridge toll plaza. Everything is so light including the bay bridge but the toll plaza showed the meterering lights on so now 20 minutes lat
Could the feds meeting be a catalyst for gains . Wrote erode. Dont miss our conversation with the ceo of automaker psa group. We saw gains on the s p 500. The benchmark erasing last weeks drop. The rebound in tech stocks overshadowing a slide in banks. Futures on the front foot today. Postinguropean futures gains after we saw europes benchmark close in the red yesterday. Pretty much flat right now. The 10 year yield back above. The dollar at a 22 month low. Gold futures touching 2000. If you look at the spot price we are trading at 1009 hundred 45 an ounce, edging up 0. 2 . Havee republicans presented a rescue plan to bolster the u. S. Economy. Before that, breaking headlines. 300 millionabout euros as an impairment in the secondquarter results. That is the headline just crossing from ing. We will bring more details as we get them. It is booking a 300 million euro as an impairment in secondquarter results. We have a line coming through from delivery hero, raising its guidance after gro
Apples stock down. Suppliers like this. The apple watchmaker getting a nice jump. A whole new review. Time now for the morning brief. Apple had an announcement yesterday. Unveiling a 999 iphone. The iphone 10 is the most expensive phone ever from apple was one of three new models tim cook showed off at an event at the new headquarters. The event came on the 10th anniversary of the launch by steve jobs. Phone, and an internet communicator. Are youphone getting it . These are not three separate devices. This is one device. [applause] iphone. E calling it today apple is going to reinvent the phone. Tim cook said the new phone signals the next era of smartphone evolution. Iphone wet advanced have never made come a new design, face idea, true depth camera system, and more powerful technology than we ever put in an iphone before. It really is the future of the smartphone. The big question, will these new products impress customers and investors. Great to have you with us. Adam, lets begin wi
Confusion. Even on days where the dow dipped 15 point nasdaq closed down 0. 02 . Lets start with politics. A subject im usually loathe to talk about but the election is only eight days away, so lets give it its due. On friday, we learned that fbi director jim comey had decided to examine a whole new bunch of Hillary Clinton emails found as part of a separate investigation to disgrace former congressman anthony weiner. Immediately the entire market took a hit. It was instantaneous. But right after that, a great deal of the market rebounded. Buy, buy, buy. Okay. First the market went down. Sell, sell, sell. On the news because investors dont like uncertainty. For weeks now the markets gotten accustomed to the idea of a Hillary Clinton presidency whether we like it or not. Thats irrelevant. Not a political statement. Just a reflection of what the polls say and how the stock market teinterprets that information. Why did the market rebound almost immediately . I think ive got the answer. An