And for more on this and other Market Movers we are now joined by peter schiff c. E. O. Of Euro Pacific Capital and Todd Bubba Horowitz chief strategist above the trading so lets start off with you it seems like the only way that saudi aramco can sustain its nearly 2 trillion dollars valuation is by artificially buffering it from the Global Markets and offering a sweetener to investors in the form of local banks making loans available for the sole purpose of investing in this i. P. O. So what is the purpose of this anyways they dont need to raise any more money its already the worlds most Profitable Company and its previous goal of getting around co circulated and diversified outside of this region seems to be a moot point if now theyre limiting it to the only domestic investors so why go i. P. O. Now. Do we do we know they dont even want to i mean do we know theres a role for a little gumby in the world i mean i think a lot of questions and what the real details are and im not saying
Thats the traditional time you see, san leandro down toward union city. Thats probably the worst of the slowing we see here on our freeways. A nice drive for the south bay, getting toward the bay bridge, you have a nice drive down here, i saw some low clouds drifting through this shot but maybe some fog at the Golden Gate Bridge and backup at the toll plaza. Back to you. Thanks, mike. 6 01 right now the ingredients for wildfires coming together, power power shutoffs for tens of thousands of people. Thom jensen is live in sonoma with what residents need to know right now. Good morning, thom. Good morning. Nine counties now affected by these potential mandatory shutoffs. Pg e adding Sonoma County and napa county, the list of counties that could face mandatory shutoffs as early as this evening. Theyll be announcing later this morning possibly this comes after the National Weather service announced red flag fire weather warnings across the north bay and east bay hills, dry north winds, low
Traffic break going on, a little bit of slowing off 242. Looks like its okay once again and the slowing here at the bay bridge toll plaza, only on the left lanes, but notice, they still havent opened that last cash lane on the left side. Well track that and when it does, it will clear. Laura . Thank you very much. Breaking news that were following in hong con, these are live pictures in the past few minutes we have seen a lot of chaos involving police and protesters on the streets. This is in the wake of a large antichina rally on the day the mmunist party celebrates 70 years of rule. Here is how it looked just a few minutes ago, we could see tear gas canisters, they were flying, police in riot gear trying to disperse the crowd. We heard people calling for they wanted water, also reports of protesters in hong kong being shot in the chest by a Police Officer several hours ago. Were also hearing protesters in some cases tried to throw toxic fluid on Police Officers. Subway stations acros
That could be a complication slowing down there removal over to the shoulder, so there is slowing right now and well see that build south from 92 all the way in through redwood city. Its clear by the time you get toward menlo park and palo alto. South 880 continues more slowing from before you get to mission down to a crash which should be on the shoulder. Well update that, back to you. Thank you very much. 6 01. Breaking news were following in hong kong, weve been seeing chaotic clashes involving police and protesters, this is part of the large scale rallies that are happening there on the day Chinas Communist Party is celebrating 70 years of rule. The video is from about two hours ago, shows tear gas canisters flying and police in riot gear trying to disperse the crowd. We Learned Police shot a teenaged protester in the shoulder and were hearing protesters in some cases tried to throw toxic fluid on police officers. Subway stations across the city have been closed. A live look in bei
Guyger off duty thought she was in her own unit and that jean was burglarizing her home. He was unarmed and eating ice cream in his own apartment was shot in the chest and died on his own floor. During the trial guyger took the stand offering a tearful defense and repeated apology. I wish he was the one with the gun and killed me. Because i never wanted to take an innocent persons life. The days of protest in dallas and demands for Police Reform and guyger faces up to 99 years in prison. Our other top story, the heat is on despite San Franciscobased company juul labs saying it will no longer fund the yes on prop c campaign. The proposition is aimed at stopping the upcoming ban on vaping products. Sharon katsuda is live in San Francisco to show us why opponents are still concerned about the ballot measure. Sharon . Reporter well, marcus, i have a sample ballot right here and measure c is still on it. And we have yet to see if theyll pull the ads from the airways. Were going to continue