Action. Markets closed up, the dow rising 2 points, the s p gaining 0. 38 . Stocks are going up or down not because of Revenue Growth or lack thereof. Thats the simplistic way the newspapers are explaining it. Theyre going up or down because of expectations with a capital e. Often the expectations are just too great going into the quarter, or the expectations are negative enough that poor expectations should be the title of some of these Conference Calls. Take caterpillar. It reported a hideous quarter because it was the worst of times in china, the worst of times in china. Not the worst, but certainly in america. On top of, that cats management lost its optimism and started it, well, an attitude of resignation. Next year will be better. Thats the attitude that often precedes disappointing seasons in every sport, as well as disappointing numbers in the sport we play in. This was not kathmandu. It was catnodo. So what happens . The stock looks horrible in the premarket that time this wh
90s there, as well. D. C. Heating up in more ways than one. This is the hottest time of the year. But this is unusual. And sam champion is starting us off with the heat warnings and advisories for so much of the country right now. Its not just how high the temperatures are. But how many days the temperatures have been so high. Thats the important part, elizabeth. How long the heat will last. I dont think people realize what you just said. Its not august thats statistically the hottest time of the year. Its right now. The fact that were going to threaten records in hartford, and providence, just one or two degrees off the record today. But this stretch of heat will last for five, six, seven and in some cases longer days. Thats going to be the real issue for a lot of folks trying to keep cool. From maine to minnesota, blistering heat affecting almost half the country. You ever been close to death . Its about two steps closer. Reporter after the hottest day of the year in new york city ye
They had a couple of tollbooth lanes closed overnight and overnight roadwork but now everything is moving fine into and out of San Francisco. On the maps, if you are traveling in the east bay right now, well go to northbound 680 where there is some roadwork this morning approaching monument boulevard. Various lanes blocked, that is scheduled until about 6 00 this morning. It is in the northbound lanes. Obviously our sensors though not picking up much of a delay heading into concord. The macarthur maze nice and quiet this morning on 80. Highway 24, highway 13, and 880 all look good as you head towards the maze. Highway 4 no delay as well yet. 61 Miles Per Hour. Its one of our live traffic sensors picking up closer towards a street. Well get a check of mass transit once again coming up. In the meantime, back to you guys. Kpix 5 reporter cate caugiran is following some breaking news now in oakland. An 8yearold girl was killed when shots were fired into her apartment. Cate, youre getting u
About 80 even and sunny this afternoon in san jose. East bay hot 80s and low 90s inland. But inside the bay much cooler about 66 in San Francisco, about 72 and sunny this afternoon in oakland. More on your weather coming up. Lets check the roads with elizabeth. Thanks, lawrence. Its busy this morning already on highway 4. An earlier crash westbound approaching somersville didnt help that morning commute. So its a tight squeeze past a street and continuing past antioch exits and then towards concord, things are flowing freely. So westbound 580 is our other slowest drive time highway 4 and 580 this morning so stop and go out of tracy heading out towards the dublin interchange. The drive time is 27 minutes now so its definitely in that slow category. Taking a look outside, a couple of our bridges, san mateo bridge, problemfree both directions of 92. Same thing across the golden gate. Its super quiet down from san rafael towards San Francisco. But obviously some fog as well as you make you
Igor and Clinton Yates, and Huffington Post jen bendery all coming in studio today. So thank you for tuning in. The situation in florida has now spread nationwide, the Trayvon Martin George Zimmerman verdict is in. George zimmerman walks. He gets his gun back and america is not happy. Protests around the nation from washington, d. C. , baltimore, san francisco, and in oakland and in l. A. There was some violence overnight. The mayor of los angeles coming out and commending those who were able to have a peaceful protest and condemning those who made it violent. Anderson cooper scored an interview with one of the jurors. Well show you how bad that jury was in the George Zimmerman trial. Im peter ogburn sitting in for bill press, we have lots coming up here on current tv. 1 thing than viewers like about the young turks is that were honest. They know that im not bsing them for some hidden agenda, actually supporting one party or the other. When the democrats are wrong, they know im going t