Headlines today. Megan hughes follows the story on credit card hacking in the wake of the massive data breach at target. Lets begin with julie hyman in todays big rebound in stocks. Good afternoon. Declinesund from the we have seen to date. 2014 not off to an auspicious start, with the s p 500 falling almost six percent yesterday, then coming back from that today. Factory orders coming in not as poorly as had been estimated. Affecting matters, some of the earnings news we have gotten. Discretionary stocks are leading gains today because of a couple of stories. Michael coors shares are soaring after the retailer came out with earnings that Beat Estimates. Those shares are doing much better than the overall market. They are also catapulting michael coors himself into billionaire status. Analysts say these numbers bode well. In brands shares are also the Consumer Discretionary category. They are doing well today after that companys earnings report. The combination of factors is driving up
Since were leading the country with our economic recovery. The local bargain hunting continued today the official start of black friday. Kron4s mike pelton reports what is not surprising is that one of the busiest locations is a coffee shop. So many people came and shot here over night. By 8 or 9 00 a. M. In the morning some of them showed up and started their shopping adventure. Overnight shoppers, thousands of people pass through since the livermore open up its 6 00 p. M. Last month. This is four hours earlier than leisure. Shoppers have huge bags full of discounted items. Theyre back here shopping for a variety of items. How much did you say . I save more than 50 . Is not 60 . It is still a good deal. The sales are great, you can save a few dollars. You should do that. You must be shopping for other people. No, i am shopping for myself. The marketing director stated that buy them open in early this helps to stagger some of the large crowds and that he helps this most more revenue. S
Espionage by the north korean government allegedly confessed to his crimes and apologized. Any reaction there . Theres concern that Merrill Newmans heart condition may be a problem while hes being detained overseas. Meanwhile we have word he has issued an apology. Take a listen. Mark in. Reporter in a taped statement, korean war veteran Merrill Newman apologized for his actions including during the korean war. Collected information of the kpa and attacked Communication System and killed three innocent operators, delayed them ammunition supply using explosives, and they attacked the kpa and harassing operations of the rear base 10 times. Arms association escaped from dtrk to south korea. So i asked my guy to help me to look for their families and relatives. Reporter the Korean Central News Agency issued a statement, claiming from newman. He was escortded off his flight last month after a 10day tour of korea. They claimed he perpetrated acts of infringing upon the dignities and sovereign
Tomorrow as the coolingoff period ends tonight at midnight. After backtoback 12 hour days of negotiations and bargain aing, the higher chief negotiator left with a smile saying see you tomorrow. He was fold by frustrated Union Members who were closing in on a deal but the management pulled the rug out from under them. Taken back when the bart management withdrew the offer claiming to have been confused the day before. There was in confusion. Instead, barts hired gun at the direction of the general manager lied to the unions shatters the fragile framework of an agreement. It is not true there was a withdrawn proposal on the table. It would be more a case of miscommunication of oning the mediator working between all three parties. Both sides will be back at the table today after a bart board of directors meeting that starts at 9 00 including a closed door meeting with an update on the negotiations. Union members did not enter a 72hour strike notice this week and that would be just the co
Rosa in foxridge, an expensive area. The people say they is incredible with the police saying that neighbors are asked to stay inside their home until they get the all clear. There is an ambulance on the scene but no reports of anyone being hurt in the shooting or otherwise. Abc7 news is arriving on the scene right now with a report from the next 30 minutes. Now a look at the forecast including the as game at 5 00 p. M. It will be a little bit on the cooler side so you want to make sure to dress warmly with clear skies and a beautiful night for a game, a winning game. Live doppler 7 hd shows radar satellite showing dry weather and high clouds in the north bay as we look from our east bay hills camera to the bay bridge and treasure island, San Francisco and twinkling lights and clear weather. Right now San Francisco is going to be 53 degrees and oakland is 54. We are trending cooler for most of the bay area and some areas are eight degrees cooler than yesterday. From our sutro tower cam