In the area. Kron fours amanda hari spoke to witnesses and explains what cruz says caused the issue. Interesting. Amanda, very interesting. Cruz says this clicks in their system was caused by all the people on their wireless devices at the outside lands Music Festival in Golden Gate Park. And some people are saying that this shows the technology is not ready to expand its usage just yet. Theres like traffic near ayers, street and grand avenue at a standstill friday night. Crews vehicles stopped for no apparent reason with their hazards left. People unable to go anywhere, just lined up and then lined up with the grown as you know, just a procession of michael was going on. Stephen giddings is visiting San Francisco from new york city. He was near the intersection when the backup started. Jeffrey bill bree was inside of his apartment. He heard the commotion here. All these horns blowing. And i look and theres all these Driverless Cars lined up all the way allay here. And theres one on he
Year of running the electric truck maker. And why and and why a familiar face is taking the wheel. Abbas on an amazon reporting apple and amazon reporting quarterly earnings, its market cap now below 3 trillion u. S. Dollars. A lost that market cap around. The other end of the scale, amazon up 11 on an intraday basis on track for its biggest jump since november, a beat across the board. We will dive into the earnings of both companies but i want to start with apple because this is a really big change of sure. Softness for iphone in the fiscal Third Quarter gone, over new rev overall revenue beat expectations but it fell 1 yearoveryear. That makes it the third consecutive quarter that apple is seeing a year on year sales decline. You see that on the far left inside of the chart. That is the biggest run of the kleins on sales dropped since 2016 but you go back 20 years, all the way over here. If we get another year on your Quarterly Sales decline for a fourth consecutive quarter, that is
Tom, great to have you as always thanks for the time today. Great to see you, carl. I know youve been leery of the month of august in general did this mornings early tone do anything to change that . Yes and no. I think there are some constructive things that happened today that make myself and mark, head of technical strategy, think were actually in a bottoming, possibly for the month of august. The dollar reverse,ed sharply, and yields turned down, and as you know, both would be pretty big headwinds for stocks as we got into august, its been a rough four days so far, but i think the jobs number was pretty decent and then i am kind of optimistic that were going to get a good cpi report next week. So, thats kind of a road map to seeing stocks do better next week yeah. We have had a lot of chatter today about what cpi is going to bring us i think you could maybe argue the tone is relatively optimistic given what we think used cars and rent is going to do in the coming weeks yes, thats r
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Phenomenal event. It was great weather. But then the rain started and she still trying to make the most of her time in the desert while shes there. Its a different experience now, but its still great. Heavy rains have left thousands of people stranded at burning man, including San Francisco, pride executive directors whose and fort i was going to leave yesterday i hope i hoped i was going to leave today, but it rained again this afternoon. So im probably not going to get out here till tomorrow night. Maybe the desert was hit with about 2 to 3 months worth of rain in just 24 hours between friday and saturday morning. You can see in the video that created a thick mud, difficult to walk or drive through. Event organizers closed the roads but some people still tried to leave either by driving in large vehicles are walking miles to the nearest town. Those who stayed were told to shelter in place and can serve food, water and fuel. Thank god. My friends who invited me very prepared. They wer