Looking outside this morning. There is some cloud cover that streaming through the bay theres the very top of the sales first hour about the only building that is rising above the foggy layer that is streaming on into the bay area visibility, although just fine for most areas right now will suffer at times this morning from livermore to the north bay visibility falling at times below a mile in this cloud cover and fog is going to stay with us for longer this morning. And it has the past few a deep in marine layer going to take longer to burn off under a tree towards the coast going to have a big impact on our afternoon temperatures, one of the reasons why today is so noticeably cooler in the days before it. Now air quality moderate across the board still in a spare the air alert we will have pockets of green indicating better conditions at times across the bay but not much change in air quality as compared to the past couple of days. Daytime highs today eventually only in the 80s right
Or is Something Else to play. We will get into it but as i can see the major indexes down in the nasdaq up 3 . Following reports of the november surprise on a vaccine bio pharmacy ceo pledged to take the over speed when it comes to treatment. Tesla feeling a little dented this morning after getting snubbed by the s p 500 despite four straight quarters of profit the benchmark index says no thank you very much, we will discuss the implications of that. In Washington Congress returns as a stimulus stalemate continues, white house chief of staff mark meadows kelli Maria Bartiromo in the last hour he thinks the deal will get done and soon. We are 56 days away from the election for the battle of the swing state and definitely heating up. President trump touting a rebounding economy as a hits florida and North Carolina today and we will see him leave later this morning. The president is threatening to cut ties with china and issues of stock morning if joe biden wins. And how about this, the h
Well. Geordie joining us is johnson. How much more shakeout do we get from investors having to rebalance . As a bustedsla growth story. The revenues peak in the Fourth Quarter of 18. 690,000 of capacity. If they hit delivery members this year, only 63 of reported capacity. Building two new factories. Completely is mismatched. We think it is coming to the forefront in the stock. What gets us to 19 . Tesla has been unprofitable. Subsidies toed sell credit. People do not need to buy tax credits anymore. You look at the second quarter. Stockbasedthe conversation. Back to they go losses. Right now, it is single digits. In china, a big disappointment. Cars in aover 20,000 month. What gives you the confidence that now was a turning point . This not just that squeeze we are all talking about after call options are out of money. Great point. The numbers have been getting worse. S p inclusion. In 2015, elon musk said in two years, tesla cars are able to do 200 miles it on a single charge. 19, el
Been destroyed or damaged. Firefighters are also making progress on the czu lightning complex fire burning in the santa cruz mountain. It is burned 80,000 acres in santa cruz and san mateo counties, but is now 19 contained. The fire has destroyed 538 homes and other structures, mostly in Santa Cruz County. The good news is there are no new evacuation warnings or orders. The gains made in containing the czu complex have officials feeling optimistic that they will be able to allow more people to return to their properties as early as next week. Jesse gary has details on that. He joins us live this afternoon from downtown felton. Reporter good afternoon. With containment growing by about 5 every couple of days, officials are now working to take the teeth out of this fire by burning potential fuel before it can go up in flames. Although it does make people nervous, introducing fire to the environment, especially from the outside, but you have the best people available doing that job. Repor
And the recent peak last week up more than 80 . Some investors taking trips off the table. The 10 year yield down. It does not feel panicked. It seems more orderly. If below that, it could get disorderly but right now, orderly selling. You mentioned froth the market when it comes to tech. Any indication that comes out so far question mark they are still so far . They are still relatively high. Relative to technicals, it seems the buyers are trying to step in even with the sellers at work. Nasdaq 100 holding its moving average. Apple has not touched that support line. We could see some selling pressure but we are likely to see the market hold up so long as they are in place. Tech has taken the spotlight away from oil. Oil is down today more than a percent. It is something to keep in mind. It is risk off but oil is very sensitive to the economy. This is one time investors may be nervous around the economy. But overall, orderly and risk off. David lawmakers return to washington with a ful