Tonight generators across the state are on full blast as at least half a Million People are without electricity due to the fire danger. Smoky skies and high fire danger. Ill let you know when you can expect a change coming up. A possible setback in the race for a vaccine. The astrazeneca trials are on hold after a volunteer became ill. What this means for the bay area trials which were about to begin. South bay Business Owners find ways to reopen indoors, but they know that opportunity could slam shut again. Abc 7 news starts right now. Building a better bay area for a safe and secure future. This is abc 7 news. Tonight across the tales of harrowing escapes from ravaging wildfires. Skies darken. Thousands face another night without electricity. Power shut off to prevent park sparking any new fires. More than 167,000 pg e customers in fact in 21 counties are still without power. This map shows the current Public Safety power shutoffs. Theyre indicated by upside down purple triangles. An
Know. J. R. Stone is in calistoga where entire neighborhoods are still in the dark tonight. Reporter complete darkness along these neighborhood streets on the western id of calistoga, a city where 40 of the people are without electricity and that includes tv. Tough for youngsters. Its hard, really hard. Reporter taylor may only be 6 but this is not the first time her family has lost power due to fire dangers. Now, though, they have a small generator that powers only the most essential items. I can only watch stuff on my ipad if its charged. If its charged. Have you been charging it . No. Because our charger doesnt work. Reporter across the state at least half a Million People are in the same situation. Dealing with Public Safety power shutoffs over fears of power lines falling and sparking a fire. You realize how much you depend on electricity when this happens. Reporter in calistoga you can hear the hum of generateors in neighborhoods. Winds are expected to pick up. Calistoga mayor ch
The only stocks that are doing well right now, some of the reopening trades and some of the big laggers for the year like cruises and airlines and some retailers still in the Green Energy Stocks also outperforming. Is this the start of a serious correction or a buy the dip opportunity were diving into that debate. 59 minutes left of trade 59 minutes of of this roller coaster session. Lots of guests as well the market pulls back. Well speak with three ceos that got insight into the state of the consumer, their spending and recovery in america. The ceo of campbells soup will join us on the back of had his companys Earnings Results that stock down 7 right now plus, well get two reeds on the beaten down travel sector with glenn fogel and mark hopelinger. Well speak with nick clegg about the new policies surrounding the election looking forward to that one. Lets get straight to our top story of the day the market selloff Mike Santelli has more on the major market pull back. A big pluflush o
Buyer beware, ipos that have doubled do not have a great track record after the debut. Plus the president and tiktok, he says hes not prepared to sign off on anything for an oracle tiktok deal. And wall street poised for a sharply lower open following the feds pledge to keep Interest Rates low for years and Technology Stocks do lead the declines speaking of which, jim, sounds like your conversation with joe a moment ago kind of rings with what Credit Suisse says today about tech valuations overall, that is that there is some excess and theyre lightning their weight at least on software. I count 30 companies that are selling at 30 times sales and then theres a number, even more, maybe another ten that are selling above that, 50 times sales for zoom along comes snowflake at 100 times sales. You just have to put the stop sign up because what it says is theres going to be so much supply that is coming. Look, if you own a company youve been waiting for it to come public you just got the gre
Few sessions for tech stocks losing over a trillion dollars in value in just the last three days josh lipton is sorting through the carnage and has more josh thats right, jon bigtech names suffering big losses take another look here at apple, minhaj, amazon, alphabet, facebook and tesla just to put the plunge into perspective. The last three days essentially wiping out three weeks of gains. At the start of this year, these Six Companies were worth about 5 trillion. Their value then peaked at 8 trillion just last week. Now they lost about 1 trillion sounds like a lot, but also keep in mind, the remarkable runs these stocks have had. For example, apple is trading about 15 off its alltime high. Still up, though, about 60 so far this year. Same goes with amazon. Down about 6 so far this month, but the stock is still up more than 70 so far in 2020. Also, check out the smh, the etf that tracks the chips bouncing here this morning. Trading about 10 off its most recent high. Sector surge on th