Our road map this morning begins with the market moving on comments from trump on pharma, defense, automakers, what the News Conference meant for investors. Plus, trumps ally in the valley, peter thiel on the president elect with comments on apple and the stock market as well. Speaking of apple, new report the company is planning a significant move into original content. We will fill you in. First up though, futures moving lower a day after the nasdaq hit that record high. It was a rough day for biotech after shot heard around the pharma world delivered by the president elect at his News Conference yesterday. Our drug industry has been disastrous. Theyre leaving left and right. They supply our drugs, but they dont make them here. Theyre getting away with murder. Pharma, pharma has a lot of lobbyis lobbyists, a lot of lobbyists and a lot of power. Theres very little bidding on drugs. Were the largest buyer of drugs in the world and yet we dont bid properly. Were going to start bidding a
Like not a lot left. The low clouds are Still Holding on as it moves across but not much of this system as it moves south. The next system is taking aim to the north on tuesday afternoon in the evening with lost altos 38 and even 38 up in truckee and 32 toward sacramento and otherwise on the cool side and for us look for us in the 50s and the 60s with this next system wanting to move north. It is 7 00 and monday traffic is doing what, allie . It is behaving like monday traffic. Lets show you the map because the commute is keep having issues. West of the bailey road offramp there was a crash that was tying things that you can see in the red congestion westbound and another wreck that popped up close to it westbound at the san marco offramp. That is impacting south on 680 there was an earlier crash and they moved it out of the way, but things are still very slow in that area. Then moving over to 24 westbound through lafayette last week the schools in this area was on spring break and not
The 100 billion beer deal has been brewing for months is closer now to being a done deal, sabmillers board will recommend that Shareholders Approve a take overby anheuserbusch inbev, boosted initial offer to the postbrexit drop in the british pound. Facebook could you up to an extra billion dollars, a transfer of assets to ireland in 2010 and new york fed is asking the Philippine Central Bank to help recover 81 million stolen by hackers back in february. That 81 million belonged to the bank of bangladesh. Roeuters reports the money was mostly laundered through the casino industry. All right. Tyler, im brian sullivan. Check on your friday, the s p 500 despite that disappointing gdp print briefly hitting yet another new intraday high, it has since pulled back. The magic number to watch for a closing high 2175. In the meantime the nasdaq is trading at a 52week high itself up by big gains in google, amazon, and much more on those names ahead. We are also all over this oil slide. Crude oil
nia wong delta is offering refunds for cancelled flights. For those that are significantly delayed. Passen gers can make a onetime change to tickets without a fee. nia wong according to georgia power. Which provides customers in ga including deltas atlanta headquarters. The determined this loss of year old henderson man. Abdulkadir mohamud and of a Deadly Weapon and conspiracy to commit murder. Antone toma williams was killed last month in the shooting at a complex near swenson street and flamingo. Witnesses say they heard a loud argument prior to the shooting. Christianne Klein recent polling shows the economy is one area that donald trump has a lead over Hillary Clinton. paul joncich the businessman gave some details about his vision for the future of the American Economy today. Craig boswell has details from the white house out his plan to grow the economy sparked by deregulation and big tax cuts. donald trump r president ial nominee were reducing your taxes from 35 percent to 15 pe
Almond breeze. The best almonds make the best almondmilk. Proud sponsor of usa volleyball. Come easy. Well show what happened when one bay area olympian had her right now at 5 00, chasing gold. But it doesnt come easy. Well show you what happened when one bay area olympian had the chance to grasp glory. Also lost in the north bay, a chinese tourist has been missing for more than a week. The desperate search as this tour Group Returns to china. Plus, global chaos after a computer glitch for Delta Airlines widespread cancellations and delays. The news at 5 00 starts right now. Good evening and thanks for joining us. Im janelle wang. And im raj mathai. Our olympics in just a moment, but lets start with the airport. Global gridlock for Delta Airlines. Planes stuck on the tarmac and that means people stuck in the terminals. You can see the parked building there. Peggy bunker is live. Peggy, what a mess. Reporter boy, you can say that again, especially for people that came here last night ab