Good morning. Right now on kpix5 and streaming on cbsn bay area, a live look from our exclusive Sales Force Tower camera at the city of San Francisco. Its already a hot one this morning and its only 4 30. Thanks for joining us. Its friday, october 16. I am anne makovec. I am michelle griego. I love when you say friday. Lets get on check of our weather with meteorologist mary lee. We are still in high fire danger. We are, thats right. We are looking at temperatures that are going to be heating up for sure, even hotter than yesterday, still tracking gusty offshore winds. In fact gusts this morning, especially in the higher elevations, mountain peaks, up to 30 to 50 Miles Per Hour. We are still looking at the red flag warning in effect for the areas in red until 11 00 a. M. North bay and east bay mountains, inland valleys, Santa Cruz Mountains under the red flag warning. Low relative humidity values, so looking at extreme fire danger. The heat is on for sure. The heat advisory for the bay
Growth rate and job creation, now if you put the fed statement and higher jobless claims together, thats whats pushing stock prices down this morning. Look at it. The dow is off about 100, s p 60, nasdaq about 31, more on that in a second. All right, did you watch night 3 of the Democrats Convention . It was hate trump night. Speaker after speaker layed into the president in personal terms. He gets the blame for everything. Seems to me like the democrats have not gotten over their loss 4 years ago. The president was live tweeting all the way through. We will show you both sides of this, of course, but seems to me like all of the democrats have is hate trump. Varney company is about to begin. Stuart look at the red ink on the markets, first of all, down across the board but not that much. Lets get right at it. Larry kudlow, director of Economic Council at the white house. Larry, negatives this morning. More than 1. 1 million jobless claims, the fed says the virus is hurting growth, back
Nasdaq, we keep talking about this, up 4 on the week. Names thatl these have just done gang busters here. Up 10 on the day and you have lot of other names beaten down like the carnival cruises and some of those names. Really bounce back today. Up 8. 5 . Aluminum is big. Deflationarye forces that continue to hit this market and you really wonder if way for Market Participants search out companies with the strong cash and strong balance sheet. You have to think inflation comes as soon as some of that online. Omes you wonder when that demand comes online and how you turn around some of the disinflationary forces. Us Global Market strategist over there. The nextlook at earning season, which takes off on tuesday here in the u. S. Investors will be as forgiving as they were the previous earning season, given a little bit more clarity about how the economy is doing and the Health Pandemic is doing. Its a big week next week. Second quarter earning kick off next week. 22 over s p 500 companies
1971 . I think that a martian left would would be the easiest way to sum it up. I was a leftwinger but i didnt make enough sense to actually be a communist or anything like that. When did the transformation occur . Well, it was gradual. It took place over in fact, i just wrote about it. Theres a book coming out from the Hoover Institution is backing this, why i turned right and its the story of a bunch of us and why we became right. It actually is a long story and i wont tell it. Ly give the short version. I was a radical leftist, very much in favor of some sort of marxist socialist thing in america. I got a job. I got a job paying 150 a week. I was a messenger in new york. 150 was a lot of money as far as i was concerned. I was living in the lowers east side and i was broke. We got paid every two weeks. I was looking forward to that 300 bucks and so was my landlord, i might say and my drug dealer and a number of other people. And i got my first paycheck and i netted out at 178 or Some
The pressure on donald trump. Good afternoon the live from our World News Center here in moscow choose day the 26 of november its kevin with a 30 minute update hope you can stay with me to starting in the protest on hong kong again this where the chinese territories embattled leader as acknowledged the weekend election antigovernment candidate secured a landslide curry says it may have reflected on happiness with the government. Gulf coast people who felt that the government has not handled competently the the legislative exercise and. And we have started a public dialogue with the community but unfortunately with the unstable environment and a chaotic situation i cannot do more of that sort of. I hope that the the environmentalists will allow me to do it now following sundays record turnout opposition candidate swept up to 90 percent of District Council seats the win is largely symbolic though because councils deal mostly with local issues and got Little Police political leverage but