Wildfire alert. 96 people are now confirmed dead in the devastating maui wildfires as officials warn that the number expected to grow. Hawaiis governor promising he will get answers to the deadliest blaze in more than a century. I have authorized a comprehensive review of what happened in the early hours of the fire and the hours thereafter, having been to ground zero twice, there is very little left there. Brian lawyers from one firm investigating the fire say they are nearly positive what started it saying quote all evidence, videos, witness accounts, burn progression, burn equipment points to hawaiis electric equipment being the ignition source of the fire. Hundreds of structures wiped out as crews continue searching through the rubble. Continue asking loved ones for d. N. A. Samples to help identify the bodies. President biden is facing backlash for not yet commenting on the tragedy. Is he vacationing in delaware i have will be at the white house around noon. Take your time. Lets g
Read tomorrow. Not so invisible. The chip giant notching its biggest stock reversal in nearly seven years and the biggest single day percentage decline since last may, plus targeting tiktok. Theres a bill thats moving through Congress Pretty quickly that could ban the social media platform in the United States. President biden says if, in fact, it passes congress, hell sign it. Lets begin with what will be a very busy week for the markets that ended friday with a losing week for the s p. We havent done that for a few times, but it didnt stop your former employer. That is true. Berens. I think the nature of the decline, you mentioned the reversal in nvidia and we had an almost made to order jobs number and the market didnt exactly shrug, but it wasnt able to capitalize on it. It highlights a couple of the things people have been suggesting would be a test for the market, which is its become a bit overreliant on pure momentum on certain segments meaning the types of stocks that are doing
I think for the cspan audience, we first need to put the burn book in context. Can you give us can you give us the background . Sure. Burn book is an expression actually mean girls is out now, which is kind of too. It is for me, but its a book you write things you really think about people and youre not. People are supposed to see it. And of course, thats the whole premise of that movie and you have fun with it and its sort of gossipy and mean a little bit, but funny and so i decided thats what i was doing in my memoir and of what my 30 years covering Silicon Valley. The same time that subhead is a tech love story because i love tech. Yeah. So i dont want this idea that, you know, theres a lot of tropes out there. You know, tech is terrible. Its not terrible. Its how how its being used essentially. And so i want to say i love tech, but let me tell you what happened. Yeah. Yeah. Journey to do these people becoming the worlds richest, most powerful people. And youve been there since the
[national anthem] if. [national anthem] [national anthem] rachel we begin this morning with a Fox News Alert and and a sad one at that. Three people are now dead and one person is hurt after a National Guard helicopter crashed in texas. Near our southern border yesterday. Pete two National Guard soldiers and one Border Patrol agent were killed. Thats according to military officials. A third sold isier onboard the helicopter is in critical condition. Officials have not yet released the names. Will fox news are now learning Cartel Members were watching with their drone, hen they zoomed in to the crash site and laughed about it. Officials are investigating what caused the crash. Lets bring in chris cabrera, Vice President of the national Border Patrol council and Border Patrol agent in the rio grande valley. Chris, we appreciate you being with us this morning. Our thoughts and our prayers are with you and your with, your members there at the Border Patrol. I know one of those was involved
Your equity market slightly negative on the s p 500 for the second or third time this week, waking up and looking at china. To the data and commentary around that economy right now. New loans extended on chinese banks ranging to the lowest since 2009, there are concerns about what is developing in the worlds secondlargest economy. Tom you look at the income statement dynamics and the Balance Sheet statement dynamics. I agree. I believe i mentioned this the day before. The flows on the Balance Sheet in and out are what matter. This is fbi from us to them off a cliff from them to us. Maybe not a cliff, but it is down. Jonathan the data dropped in the last hour. The response clear from many on the south side. Stop gin weighing in. We will see. We have not seen it. Lisa what kind of stimulus when they are concerned about debt load in local governments . If they want to move away from leverage and create a more sustainable economy, how do they stimulate the economy where you look at these l