Selling nba products. A stark warning from beijing, stay out of chinas sovereignty. Keep your mouth shut. Theres action on the trade front. The u. S. Has blacklisted 28 companies which are accused of helping in the repression of uighur muslims in western china. The Foreign Ministry there is considering retaliation. High level talks resume in washington this week, now with a more threatening backdrop. Its another day when the market reacts to headlines. Investors clearly worried again about china trade. The white house is also looking at limiting chinese stocks in u. S. Government Pension Funds. Now, were looking at a significant drop at the opening bell. The dow is off about 170, s p down 17, big drop for the nasdaq, down about 40 to 50 points. Heres what we have. Free speech threatened, American Business threatened, china playing hardball defense as it faces challenges from all sides. Varney company is about to begin. Stuart china trade, deputy level talks start today ahead of the hig
Take a look at the windy conditions. Were going to keep an eye on all of that but first lets take a look at the Treasure Island looking towards San Francisco. That is going to make for a beautiful afternoon. Your current conditions. Not in the 40s. In the low 50s at most. 56 in concord. They will not be too terribly hot compared to what we will be towards the end of the week. The upper 70s pushing 80. Getting close to 90 in the inland areas. Mild clear start. Warm dry afternoon and hot dry weather ahead. Your relative humidity. Right now it looks pretty good. We are starting to dry out in the inland areas. That is in addition to the offshore flow. That is what we will be keeping a close eye on. Lets get a check in the bay area bridges. You should be good today. We do have a construct up. That is pretty typical this time of the morning. No traffic to report. Northbound clear as well. Off to a great start. No delays in both directions. Benjamin looking pretty good. Cell phone clear on th
Dark about those allimportant trade talks with china. Top level negotiations start now. Where are they going, we dont know. But we can tell you that apple has removed an app which had been used to track the movement of Police Forces in hong kong. We can tell you that nba events in china have been disrupted because chinas bullying american basketball teams. And we can tell you that after being dropped in china for supporting hong kong protesters, south park has fired back with an obscenity. We can also tell you that todays market activity hinges almost entirely on any headline that emerges from the trade talks. In the absence of any hard news, its a virtual stalemate. The dow is going to be down maybe 30. Two down for the s p, maybe five points lower for the nasdaq. I will call that a standoff. Heres the stock of the day and its a big winner. Bed, bath beyond is up 19 free market. They have hired a top guy from target to turn around the ailing bed, bath beyond. Looks like that could be
Thats likely to be down about. 33 . Lets see how they close. Lets get to hong kong because today, we see chinas clout. The general manager for the Houston Rockets, basketball team, tweeted support for hong kong. Beijing immediately objected very strongly. The tweet was immediately withdrawn. Lots of criticism for the nba this morning. They caved to the communists, to preserve basketballs appeal in china. Hong kong itself, im going to say its virtually shut down as violent protests returned over the weekend. Next case, what have we got for you . Joe biden. He says he will beat the president like a drum, end quote. The General Motors strike takes a rather ominous turn. And amid very visible security, joker hits the theaters and wins big. Varney company is about to begin. Stuart you know, this could be the stock of the day, maybe the week, maybe the month. General motors, down 1 . Its back to 34 a share. When the strike started, it was 37. Now, talks with United Auto Workers union broke d
Peninsula. This afternoon set fundraiser was held at the home of gop supporter Scott Mcneely. Reporter the president s visit was relatively quick. He was at this fundraiser for three hours, the fundraiser was guarded by Law Enforcement and organizers. As President Trump raked in silicon valleys money, some protesters made it clear that he was not welcome. With the heavy Law Enforcement presence, the president left the private driveway of Scott Mcneely on tuesday afternoon. He lives in the wealthy town of portola valley. The president spent more than two hours with republican supporters, some willing to pay up to 100,000 to meet him. Those who couldnt afford the pricey ticket were happy just to see the president s entourage. Its always very exciting, too bad my kids are not here to witness it. Not everyone enjoyed the president s visit come outside the fundraiser testers gathered, some Holding Signs and banners, that expressed their anger. Its not the neighborhood that is just blindly a