Welcome to squawk alley. Were at post 9. Jon fortt has the morning off. Were watching the markets after yesterdays selloff. Average. Announcer pressure following the second worst day of the year for the dow and s p 500. Nasdaq coming off the third worst day of the year and on track for the first four week loss since 2016. Bob pisani watching all of that on the floor bob . The question is are the markets in trouble here . The answer is not yet. But there is some cracks developing so weve seen something in the last two weeks we havent seen in a long time a selloff last week and another one this week. Thats starting to do some technical damage several elements have really come together. So first, theres leadership doubts about President Donald Trump emerging and the ability to get tax cuts through. Traders have been alarmed by the dramatic decline of the small cap rustle 2000. Its down 7 from the historic high about a month ago so its now flat for the year. With the s p 500 up 8 for the y
To curb outflows. Variouse been studying scenarios and his looking at contingency plans. They ordered them to contemporarily convert holdings into a u. N. Into yuan. A quick look at what is going on market wise. Saying what is happening. Hang seng still languishing below the gain line. Stocks the chief performance up by 2 after playing catchup. I am caroline hyde. This is Bloomberg Technology. Cars and robots are leading the charge this year. We will follow the path to production as Driverless Cars make the turn from the labs to the showroom. Electric carmakers latest delivery numbers miss estimates. Chinas thirdbiggest Search Engine aims to take on its leader, targeting a 5 billion ipo. Details behind the plans to go public. Now, c. S. Kicks off this week and it will be a convergence of detroit and Silicon Valley. It is a critical time for Autonomous Cars to move from the testing phase to the mass audience. Names like google, ford, and gm are trying to put their best foot forward. Tes
Morning drive. The traffic is of monthing along well on 80 westbound from vacaville to fairfield to vallejo. It continues to look good there. Have been no problem its onto highway 37 and heading over to marin. Also looking at the bay bridge toll plaza its light. Traffic continues to look good into San Francisco. If you are driving in the south bay right now traffic on 280, 101, 85 are all off to good starts. 4 31. Lets go back to the desk. San francisco mior ed lee will deliver his state of the city address later today and we expect the him to focus on issues he is talking about in the past including jobs. The economy and affordable housing. We also expect him to talk about San Franciscos new police chief William Scott and also the battle against President Trump to keep San Francisco a sanctuary city. A woman charged with driving a stolen cab going the wrongway on the bay bridge has been convicted. Now the San Francisco District Attorney announced she was found guilty of three felonies
Leukemia a quiet pattern and maybe a few showers. I dont think. I think its more clouds than anything else. One more system. That one there that will split. Break apart. That will be in here tomorrow for mostly cloudy skies and then sun and warmer temperatures by the weekend. 50s on the temperatures. 55, 57. All right. 5 01 and the drive so far is. Its not bad. We do have a look where traffic is getting slow on the pass. We are going to start there. You will see the traffic is move agriculture long okay. If are going 580 westbound. No major issues. Traffic is light. If you are driving in san jose. Downtown looks good. Northbound 280 off to a nice start. Lets go back to the desk. Thank you. A new from overnight a flurry of activity in sunnyvale. Police at the scene of some kind of incident. If involves Police Officers santa claire a. We are right there. Whats happening . We are here at lawrence expressway in the parking lot of a shopping plaza. Police have it roped off. They have crime
Come back. When you have a pretty fast moving system over us and it could produce a light shower or two but i dont expect much. We he will get clearing late morn, early afternoon. Dry air. 30s. 40s but more 40s because of the cloud cover up north. There is 30s there but they were down around 29 to 32. We are up five to seven degrees. Includeds in the north and for nuts morning but by the afternoon we look good. This system will spread clouds over us but weaken by the time it arrives on friday. 50s on your temperatures. Lets get right tot. We have some things. This is a look at westbound 80. The bay bridge. We will start there. Traffic is going to be busy at the toll plaza. The traffic is okay once you make it onto the span. Not a bad drive on 880 northbound. Past the oakland coliseum. Some slow of take i can in haywood heading south to 92. I want to mention that mix boulevard at niles canyon road closed for an accident. That area may be hard to get through. I would stick with the freew