How hot are we talking about on day one of the heat wave . 110 antioch, 103, 98 in santa rosa, 95, san rafael, 77 in San Francisco, 70 degrees in half moon bay. This is just the start of the dangerous heat wave. It is only going to get hotter as we head to the second half of the Holiday Weekend. Ill be back with the details coming up. Now in morgan hill, this Ace Hardware Store is already out of large fans but they do have generators. Theyve been struggling to keep the shelves stocked since the last heat wave just weeks ago. Generators, misting, hosing, all of that. Were pretty solid on it. The store manager says pools have been hard to come by with people looking for any way to stay cool. A lot of beaches in the bay area are closed this Holiday Weekend. In marin county, visitors are not allowed at point reyes, pacifica has closed all of its beaches. The fitzgerald Marine Reserve and Tunitas Creek beach is closed. Lake berryessa because of the wildfires is closed. Santa clara has close
Delays from washington from the trade deal to the stimulus negotiations, deadlines and expectations being pushed back the weve got 59 minutes left to go in the trading week s p 500, 16 points from a record close. Down right now, jon. Still higher on the week everyone except the nasdaq great to be with you this afternoon. We have a big show coming up to finish out the week. Were going to speak with minneapolis fed fred neel sakashkari and later, as stimulus talks grind to a halt, well speak with Maxine Waters about whether there is any compromise to be had. Plus, shell discuss a new bill encouraging the fed to use authority to close the racial wage gap in this country mike santoli is tracking the Market Action. Start us off on the broader market. You can call it resilient or fatigue or really anything a standoff here at the record high levels of the s p 500. The past four days have basic clind of touched it or been shouting distance of it. The were just hovering there. Up 3 or so month
Ng this race with china right now i would submit what Ronald Reagan did when we beat the ussr with free markets and a Strong National defense because it is all related. In order for us to be a diplomatic to be military powerr and economic power so winning this race is critical to our future and American Leadership and freedom loving people all over the world. People talk a whole of society and mobilization of the question is who will be involved of course but what is the proper role of government versus private sector . We are talking about socialism in one a socialist response but where do we divide the line with private sector . Right now we haveob the left from taking an entire takeover of our economy looking at the polls and the Green New Deal and medicare for all. What we need is the approach donald trump is taking that he laid out in american approach laying out the principles around freedom and individual rights and liberties and to layout the principles that encourage the innov
Hour futures are solid, earnings phase one signing, lots of eco data our road map begins with trade optimism reigniting the record rally. The chinese delegation heads to d. C. Today for an expected phase one signing on wednesday plus new ceo, same crisis. What to expect from boeings new chief executive, David Calhoun, who takes over today and the future of the 737 max. Then there were four, alphabet nearing the trilliondollar market cap club, behind apple, microsoft and amazon stocks are looking to recoup some losses from dow, the dow surpassed 29k for the first time before finishing in the red. All three major indices are in the green since the beginning of the year led by the nasdaqs 2 gain as we were saying on squawk a few moments ago, jim, if lulu yes, maam of lemon is a clue to the earnings season, maybe this rally has been justified we have two conference this is ek wweek, icr in orlando andi conference in san francisco, health care. Theyre used to be able to say better than expe
Lets take a look at what is been helping foment further gains across the asiapacific. That is the futures contract for the s p up to tens, hang seng three tens of 1 . And the nikkei has buoyed a bit. Also the topix doing rather well. We have a cna a tad week. Looking at that as we do. Also the yen, and the boj. 41 day since the boj came in and bought a sizable chunk of stocks in the japanese market. Someat stealth tapering, people are arguing because the yield on the 10 years unchanged. The yield has been lurching lower eight basis points. Weekhas been put less a and see what is going on in regard to the haven stages. The learn not willing to look at and take on risk right now. This is of course after the Election Results or we saw the landslide victory when it comes to democratic camp. She was talking about how she is ready to listen and stands by previous stances on protest demands. People who felt that our government has not handled, deadly the legislative exercise and its aftermath