Sales way ahead of the season which would be black friday. Seismic shift here to this calendar here. Does this surprise you . Melody, you start to talk about it since june and every year it is further back. It is making me crazy. I admit that is maybe i am old school, everything you just mentioned until after thanksgiving that to me is the official Holiday Season bahumbug amazon is rewriting the script i guess in some way is good for them we have sales, walmart and target during the week and especially in light of this weird environment we are in which is an expectation of stimulus but no actual stimulus here well, we may be the line of misfit tonight there is no question amazon and walmart are the leaders. An acceleration of all these trends we spent so much time talking about fast money of the trends being pushed forward but already in place 49 measured through last month. As you go into the Holiday Season is bigger amazon about 32. 5 it goes to 38 they continue to take market share
In the bay area are in the dark this afternoon pg and e has turned off the power to prevent wildfires during this critical fire weather. Thank you so much for joining us here on kron 4 news at 3 im Justine Waldman 24 counties in the state are affected including several counties here in the bay area. So lets take a look out pg es outage map this is the latest information all the purple triangles are the affected areas. Thats where the power is currently out. Here in the bay area customers in alameda contra costa napa san Mateo Santa Clara santa cruz solano and sonoma counties are without power right now we can see that from the map. Pg says some customers may not see the power back on until 10 oclock tomorrow night. So we want to check now on just how hot and windy it is outside kron fours meteorologist Mabrisa Rodriguez is here now shes tracking the latest temperatures for us good afternoon, the breeze its hot out there mixed really hard especially along the coast and the east bay shor
World is a good investment lets get straight to julia who has all of the details on this news. The big question of what content social media giants should allow users to share is in the spotlight as facebook and twitter limited the distribution of a New York Post story that claims to show smoking guns and video related to President Biden and his son. A story the Biden Campaign refute saying it wasnt asked about key items in the article twitter blocked the story on wednesday saying it violated its policy of distributing material with hacked material with personal and private information. This comes after President Trump filed an order that the scope does not permit companies to editorialize activity. Today it was said that he intends to move forward with a rule making. Now following this announcement, two democrat fcc commissioners have come out in opposition they say he should not do the president s bidding. This seems different in that twitter and facebook have sensored the distributi
Upping its offer for an aid package to 1. 8 trillion, President Trump tweeting go big a positive development on the covid treatment. Gileads treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. Absolutely. The russell 2000 is up 6. 4 for the week the dow is currently positive for the year as a whole, just. Lets get to the stimulus news in washington and the reaction to it. Bob basketball has a look inside the market rally ylan moi, and Dana Peterson from the Conference Board bob, lets start with you on this very nice end to a strong week. Good news and bad news, will. Good news is, s p is up about 3 on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. Thats concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on technology. That was wo
The market took no prisoners all 11 s p sectors closing in the red. Todays big reversal coming si months to the day from the march bottom is this Market Recovery starting to stall is this a giant warning shot of more pain to come . Tim, what do you say well, weve been stalling since september 4th. We had such extreme, i think, euphoria in stock prices at that point and we continue to kind of suffer the consequences of where weve come from. Todays news was a combination of i get the sense this is more fear of covid uptick you see what happened across europe you see also kevin flynn, our producer, wanted me to talk about pmis because he loves them so much. Here we go those pmis show that some Services Across Europe have ground to a halt the nasdaq, which yesterday hat this heroic run, amazon which moved almost 8 in less than two sessions, a lot of that has been given back the triple qs are down 13 in 13 days i still think 240 to around 245 the nasdaq triple qtf is a leve that keeps this