Biggest monthly decline in a decade. Weve got the latest from a country already reeling. Absolutely. Better than the real thing . Alibabas jack ma says sometimes counterfeit goods are better than the originals. He outlined his plan for the chinese ecommerce giant. He said theyre basically the same goods made in the same factory. Well, the flip side of that, Signet Jeweler is under fire for diamond swapping. There was a bearish note on the stocks a couple of weeks ago. I think its a great deal of smoke. Some say, its old news and the company has intimated its not going to. So was formaldehyde at Lumber Liquidators until it was new news. Now the ceo is fighting back. In the meantime lets talk about the bridge it fears. Bob pisani measuring the brexit fear. Its brt breathtaking. Yeah, it is. Its a problem on both sides. Sort of a triple roymwhammy. Let me put up the bund here. Its been breathtaking. Remember, the bund yields were 2 going back to the early part of 2014. So its 2 . Thats pu
Some bids today for sure. I dont expect an announcement today or, frankly, anytime too soon. Frankly, the whole process has been a bit of kabuki theater, in my opinion, and i think if im sitting there and looking at bids, ill analyze those. Probably go back and forth if im bankers and the company, to those bidders. It also sounded to me, some bidders might have needed a little more time. I expect some bids today, analyze that. Maybe a week, two weeks, beginning of august. The only wild card, i think, could be if somebody lobs in a, you know, over the top bid and says, were going to give you 48 hours to react, but i dont expect that. How high do you think the winning bid will ultimately be . Suntrust bob peck, who you know well is talking about perhaps 6 billion. Is that likely . I think bobs done probably the best work from an analysts standpoint on this whole escapade. This notes have been, i think, right on. I expect the company to trade in the, maybe, 3. 5 billion to 4. 5 billion ra
Right now lets see how the traffic is moving or if its moving. Jessica boyington has your first alert traffic. When we were watching the schuylkill expressway. This is through center city over around the vine street expressway on ramp. You can actually see traffic is moving along nicely. Westbound drive time. If youre headed towards the king of prussia area, 12 minutes from the vine street expressway at this point to the blue route. Speeds still well into the 60s also. Reports of a road obstruction. This could be a few things, water main break, a downed pole, downed tree. No details on that yet. We know the road is obstructed in lower merion, bryn mawr avenue and old gulph road. No big problems there, the tacony palmyra and the Burlington Bristol clear of any openings right now. Well keep you updated on that even ill be back in ten. We are following breaking news into the nbc 10 newsroom. A deadly hit and run there atlantic county, police tell us an suv hit and killed a woman while cro
Darya track the fate added to the schools and the kids picked up early real live as san jose and Leigh High School with more information on these closures. Reporter it is one of the high school is out with better closing early to avoid having children inside of the classroom during the afternoon hours when the supposed to reach triple digit heat ibrahim in the classrooms at Leigh High School in other areas close to not have air conditioning in imagine spending time and saturdays class shall be very uncomfortable was month high schools closed at 1140 here ed Lee Highschool not only of the stone is being dismissed early from class. Darya if you cannot typical enough these days without a see you can always go to one of the cooling centers it is easy and free in if the weather of days in the traffic of days without having to wait. George were finally starting to see some accidents in the clutch of hot spots developing in the east of them starting to add to the slowing and the southbound di
Mallicoat. Im michelle griego. Lets go straight to Roberta Gonzales with a look at how hot it is right know. Where you want to head today is to the beach definitely because this is the only area thats not under a heat advisory for this tuesday september 8. Take a look at livermore already 94 degrees. The relative humidity is now below 10 . It is 89 degrees in concord. At this lunch hour, it is 80 in San Francisco when the average high is 69 degrees. In addition to the heat advisory today, we have our fifth spare the air day of the summer season. Affects those in the highlighted areas. This is why we have a heat advisory. How much is it going up to today . By 26 in some neighborhoods, over 100 around in the peninsula, south and east bay, 105 in petaluma. One of the hottest locations today, kpix 5s cate caugiran is there with ways to beat the heat. Reporter a late summer blast of heat will have some pleasanton neighbors blasting the ac. Record high triple digits weather has this woman ex