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Transcripts For CNBC Squawk Alley 20240712

Good morning, what a friday morning. No lack of news today. Home sales, the biggest quarterly jump in history. Management changing for some of jeff bezoss and it is a 4 gain today. They added nearly half a trillion in the market cap this month. It is staggering, because apple right now is about 62 billion plus above the 2 princip trillion mark. That is like adding vm wear. That is your oef raj over the two tril mark. I dont know how history will judge that when skail has taken on new meaning im crashing my ahead because im not wrong, right it is remarkable but it raises questions about the breadth of this rally, right . We continue to see the big tech mega cap names push higher and investors saying can it continue, youre leaving a lot of names in the s p especially behind, karl. Thats right, something to watch as more and more people are looking for signs of a bubble now we have a piece that just crossed regarding facebook laying out contingency plans should the president try to delegi

Transcripts For KTVU KTVU Mornings On 2 At 5am 20240712

Good morning, i am dave clark, mark tamayo is right next to pam. He is right here and telling us more about hurricane laura and our weather. Good morning , mark. Good morning, our forecast is very stable, minor changes of course. The hurricane laura, a major category four storm that made landfall earlier this morning, late last night to early this morning. I am showing you this as we take a look. It made landfall as a category four storm with winds over 150 miles per hour. We will be watching out for that all day long. In the bay area, the current numbers are 50s. San jose is a warmer spot. This is a live camera. Here is the plan this morning, low clouds to start of the day, and easy sunshine. Forecasted highs should be a little bit warmer than yesterday. Temperatures should rebound by a few degrees. A closer look at your forecasted highs and a few minutes, so lets check in with sal who was standing by. Hopefully the roadways are looking okay. Good morning, sal. They are looking fine,

Transcripts For KTVU KTVU Mornings On 2 At 430am 20240712

Remain similar as it comes to the afternoon highs. We will go with 60s, 70s, 80s inland. It is another spare the air alert day. We have haze and smoke. It is continuing due to all the wildfires in our area. We will check in on those conditions and afternoon highs. We will talk about the weekend and just a little bit. At 4 31, we want to check in with sal. We do have roads open. Interstate is open, in case you were wondering. Cordelia, fairfield, getting up to vacaville, we have been watching those roads, so is highway 12. We are watching those for you. The traffic seems to be moving by okay. We dont have major freeway closures, as you can see. The Richmond Bridge traffic is very light. Most of the commutes are light. It is 4 31. Lets get back to the headlines. The fires are still raging out of control in the bay area and central coast. There are four new deathsaned o one mans body was found in debris. That was Pleasant Valley road in vacaville. Three deaths were reported along highway

Transcripts For KTVU KTVU Mornings On 2 At 430am 20240712

The people who do not have air conditioning and suffer from the Power Outages. The longer it extends, it becomes a bigger issue. No pressure there, thank you claudine. Tomorrow does look better. There will not be thunderstorms today which is a consolation but it will be hot for many. We lose cloud cover and temperatures that were held in check yesterday will bump back up. The city act 61. Napa is almost 70 degrees. Very warm air in the Higher Elevations and they will be sitting in the 100s, no doubt about it. It is not a strong breeze, but it is northwest or north. It is a north wind and that along with the hot temperatures will not help today. The cloud cover has lifted north and a little to the south is heading to the valley. The highs today come down a little bit. The bay will be hot with 100s again or upper 90s. It is quiet and i would hope so at this hour. Good morning. Good morning. It is quiet when it comes to the commute. If you are approaching the bay bridge, right now it look

Transcripts For KTVU KTVU Mornings On 2 At 4am 20240712

But look at what is coming up from the south. That is the remains of the Tropical Storm elida. It is turn up the heat time and it will get warm fast. Clouds and showers, we had some mid90s yesterday. There will be 100s today. It is already 65 in sacramento in livermore. So the cloud cover will play a big part, it looks like over the weekend too. So get ready, temperatures are on their way up. 102 in livermore. And that might seem cool in about two days. Good morning sal. Good morning to you steve. It is quiet out there. I think traffic is doing very well. My traffic computer is frozen so maybe the guys in the control can draw up a picture for me. But there is not much going on right now. As a matter of fact traffic is moving along very well approaching to be rich. Or if you are driving on interstate it looks good. Lets go back to the headlines. Topical news this morning, east bay is working to fix several water main breaks. The utility say engineers at the oakland Operation Center may

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