Well tell you why traders are betting on an even bigger run. Later, airlines lower as they prepare for what could be a slow september the former ceo of continue nenal airlines will be with us to explain what the new normal may mean for travel stocks kelly evans is back. Welcome. Power lunch begins right now its the s p 500 sitting close to its record high now the wild market ride has brought a resurgence of the retail trader bob and kate are standing by with more. Bob, lets start with you in these record highs we are on new high watch and for the s p as well as the nasdaq and whats brought us there, thats a very familiar pattern. We have seen it many times its essentially Technology Stocks thats with megacap stocks moving on the upside sectors, its technology thats been leading the way we see banks, energy and industrials lagging there. We had many rallies in those cyclical value names banks, the energy and the industrial names over the last few months in various occasions including ab
Skies blanket the bay area from dawn till dusk. Thanks for joining u. S. Attorney and everybody high Vicki Liviakis and im grant lotus certainly surreal lot of people saying these ominous skies were in a way stunning yet certainly. Unsettling to wake up to hard to know what time it was all day long want to check in first with our chief meteorologist Lawrence Karnow. Obviously everyones wondering lawrence is going to happen again tomorrow. Yeah i think well start to see some improvement tomorrow were not going to see asked smoky conditions around the bay area but certainly. Theyll still be some smoke out there we had those north northeasterly winds remember were talking about the high fire danger yesterday, were worried about the real gusty winds. Well, those winds didnt cause or sparking fires around the bay area but we did have a fires that were already burning in far Northern California up you county near paradise they another fire burning there the bear fire lot of smoke filtering i
And also tonight the reopening of businesses and several local counties. Lets start with the latest on the wildfires. New video from inside of the burn zone on the czu complex fire. Up against lots of flames. But many of the big redwoods are still standing. Containment now stands at 26 . In the last hour cal fire lifted more Evacuation Orders on the eastern edge of the fire. Were tracking two other massive fairs. The scu and it stands at 35 containment and the lnu complex in the north bay, containment stands at 35 as well. Well get back to our fire coverage in a moment. But we want to explain the new rules when it comes to the coronavirus. Today the governor introduced a new tier system when businesses can reopen. Here is how it works. It is a lot to digest. Each county is assigned to one of the four tiers. It is color coated. They are based on the rate of new cases and the Positivity Rate. You could see here the criteria each county needs to meet. They have to stay in the tier for thr
Tracker showing joe biden with a doubledigit lead. And holiday covid concerns. Large crowds gather to celebrate the unofficial end of summer, despite warnings from Health Experts. Plus the virus impact on College Towns where College Football is on hold. A lot of money on the line. First, todays eye opener, your world in 90 seconds. We keep thinking theyve got it. Theyve got it, and then it flares back up. Total devastation. Sheriffs came through and said weve got to go. It may be time for them to leave. Fast wildfires raging across the state of california forcing mandatory evacuations. This heat wave is extraordinary. Its about as hot as it can physically get across california right now. Its cooking out there. Fresh concerns over potential spike in covid19 cases after the long Labor Day Weekend. Peoples willingness to comply with things we know can reduce spread is going to start to fray. The white house remains on the defense today. Allegations from a soon to be released memoir by a t
To go back to their homes today. But what they found for many was just utter devastation. For others, evacuation orders and warnings are still in place. Also, help is now available from fema. Victims are being told to register with fema as soon as possible. This is a painful time for so many people. We start with the scu complex fire thats raging across five separate counties. Some of the numbers in, 25 containment, which is good news. In the north bay, the lnu fire, 33 contained. However, five people have died. And last but simply not least, the woodward fire in marin. Its as much smaller. The woodward fire right here, its still growing. And now we should say the last one, the czu fire burning along the coast, nearly 20 contained. One person has died. Were expecting an update in a few minutes. Thank you very much. We are getting some information on the czu complex. Well get to that in a moment. But in the midst of all this destruction from the fires, we have some good news. Hundreds o