From the white house thats making traders pull back. As john kerry spoke about what the government would do on friday, the markets slid. Heres where things stand as we await the bell this morning the dow, nasdaq and s p were all down for the day and the month. Gold opens just under 14 hundred dollars an ounce. And oil down 1 percent on friday even as supplies are strong. How are you feeling American Consumer . Not whipping out the credit card as readily . Consumer sentiment, from a 6 year high in july fell in august. The university of michigans index dropped from 85. 1 to 82. 1 this reflected pessimissm about the future of the economy with higher Interest Rates and slower growth. Still waiting to see if theres going to be an attack on syria. Lets talk with chris gersch of altimus capital. Chris, how would this affect traders if and some people would say when there is an attack . Good morning. What happened as far as last week is concernedwe had a lot of traders position themselves for
For its big event september 10th at its headquarters in cupertino, california. Its widely expected the tech company will unveil its next iphone kodak is expected to emerge from bankruptcy. The Iconic Company has been in chapter 11 for 20 months. Kodak will continue as a smaller Digital Imaging company. Investors holding old shares will be able to write it off as a tax loss. Larry shover of sfg alternatives joins us now. Larry, is this a high risk market . It is a high risk market but the good thing is when you talk about syria, and you talk about the summers appointment, the budget deficit, the fiscal cliff. These things have been known risks for about a month now so the market has had time to digest them so the reaction might not be as big as if it just came out of left field. Oil has been trending higher. Will that trend continue . Im afraid the oil trend will continue to be higher. Supplies have been really tight even before we had these problems persisting in the middle east. The t
Police wen and his family fight back. Their lawyers call it untrue and are considering legal action against the new york times. For our u. S. Viewers, the show will be on just one hour this week because europes has gone off daylight savings time, so were just four hours ahead now of new york time. Hurricane sandy is also still several hours away from make landfall, but the impact of the storm is already being felt. Transportation has ground to a halt as new york and other major eastern cities have shut down mass transit, Airlines Canceling Flights and in new york city, mayor bloomberg has ordered the evacuation of some 375,000 people from low lying areas. The New York Stock Exchange and nymex are in that evacuation zone and are affected today. Those markets plus the nasdaq and cboe will be closed today and possibly tomorrow. Cme says it may not reopen to tuesdays session. Exchanges, brokers and regulators are worried about integrity of markets and cooperate ensure the safety of the emp
Of East Palo Alto and palo alto over Parking Spaces. What its prompted city leaders to do. Complete bay area News Coverage starts right now. This is ktvu channel 2 morning news. Good morning. Wow. What a pretty shot. Sures. I cant get enough of that. Beautiful bridge. The new eastern span, you can see a lot of cars already out there this morning and that was the big problem yesterday. Yeah. The morning drive never seemed to end. It extended throughout the day. There are a number of reasons that is maybe happening. We are hearing from chp and will have a live report on on that. Its wednesday september 4th. Lets get your day started with weather and traffic. Mark in for Steve Paulson this morning. Good morning to you. In fact drive that bridge this morning you may encounter low clouds, the fog regrouping over the past few hours, especially locally dense up in parts of the north bay. Visibility has been under miles for mapa and santa rosa. Stepping outside the door temperatures are in nap
Tear up. For german Engineering Companies like Bush Rex Walt mexico is a very enticing prospect on the one hand of the market for production robots and other Engineering Equipment but also as a production location something german car makers in particular have capitalized on mexicos geographic location makes it a perfect platform for exports to the u. S. Those factors have attracted over ten billion dollars of german investment. Germany is now the countrys Third Largest trade partner after the u. S. And china and lets look at. Over the last five years mexico has launched important Structural Reforms as a basis for future development. Or your make it a center of opportunity. And above all to show investors that we are a trustworthy country. On their joint tour of the one of a massive trade for german chancellor Angela Merkel told mexicos president to trade ties between the two countries are also set to expand under the new e. U. Mexico Free Trade Agreement but security still poses a maj