Samples of various vintages the damage from the glass fire was being assessed by the winerys owner. The 11,000 square foot farmhouse was gutted equipment and approximately a 120,000 bottles of wine were lost in the blaze and because this winery was built to replicate a 13 thcentury tuscan castle. Theyre going to need to bring artisans in from italy to make the repairs. The owner says the back to back fires here in the north bay coming after having to close for 3 months because of the pandemic is the worst catastrophe hes experienced in 45 years in the wine business and its a pain being felt throughout the napa valley which relies heavily on tourist traffic and how can people help. They can help. Visiting the napa valley. Im going to rush for i from the napa valley just coming up here spending little money because a lot of businesses are simply going close down. Theyve wracked fires are new covid over and over and its just its impossible stay open. I found a group of tourists here toast
Tiktok. Thatow we are hearing thiller. And of 49 fortnite, apple says it is terminated ebix developer account. Developer account. A lot going on. The fed, the prime and a strut japan stepping down. Earnings. The ending of the Republican National convention. Walk us through what has impacted the day. So much and all of it ended in record high for the nasdaq and s p 500, investors encouraged by the fed latest policy shift, the idea that perhaps it is reinflationary in nature, stocks respond in kind. Apple, this is interesting, over the last two days apple is underperforming, down the last two days 1 , closing a little as were mentioning now, terminating the epic caliber account in the midst of the developer account went epic refuses to pay the 30 fee. That apple is standing up for that along with alphabet shows they are forcing developers to comply with roles. It will be interest rules. Im not sure how this would impact the bottom line for apple but it must not be all that much. You ment
Emerging says one analyst and its not too late to get in on the action he is here with the trade and the upside of this industry. Now a check on the markets the major averages are rebounding, but the chart of the day right now once again goes to new York Community bank corps. Believe it or not. Down more than 40 so far on reports thousand that the bank is seeking a major Capital Infusion from outside. And thats where we are going to start with these green markets, a very deep red picture, and leslie picker has the details on nycb so it appears to be that this would be an Equity Capital raise, and that they reached out to a variety of investment firms. My understanding in talking with a couple of indirect sources over the last few minutes or so is that this is likely a lot of these conversations are more in the private realm opposed to public investors and that they have been going on for quite sometime, because one of my Big Questions was, why is this coming out on a wednesday typicall
Asia where we count down to asias major market open. Haidi apples sales disappoint overshadowing record Quarterly Services revenue. Amazon gaming after the bell as the outlook beats the street. A risk off following a slump in u. S. Stocks and bonds focus shifting to fridays jobs report for clues on the feds next steps. Donald trump pleads not guilty in a washington courtroom on charges of trying to obstruct the 2020 president ial election. It election. We are getting news when it comes to singapores ocbc reporting Second Quarter net income of 1. 71 billion sing dollars. A little shy of 1. 7 4 billion. Being declared of 40 sing cents. Net interest margin at 2. 26 , the estimate was for 2. 25 . The common equity tier one ratio sitting at 15. 4 . Noninteresting cover, one point z7 bion sing dollars, a little bit of a beat on expectations, total income at 3. 6 billion be on expectations, profit seems to be increasing based on a year ago based on what we heard from analysts. We had been exp
The oil giant reported on tuesday after the close. Warren buffett loves it. And he has his wise to that. He is going to hold on to the stock. He also talks about Berkshire Hathaway gets cash. It cannot find anything to purchase. But it is worth more than not. Monday morning should be a good day. Bears, beware. On monday morning we heard from my favorite, tyson foods. This is a bounce biplane. Too cheap. That was many moons ago. I like this setup of tyson foods. And we have been correct. And after the close one of my absolute favorites. It is going to report and the put up a terrific set of numbers. But the yield the risk seems low. But the reward . I think, sensational. This is the highest volume in the world. Southern properties had a fantastic story. And the influence of the cfo from pepsico that leads what casinos, the chinese would put up good numbers. But they seem to be willing to travel locally. Also this is a new one. And i do not think that they got the numbers right out of th