The herd was thundering today all right with the dow roaring 321 points, the s p pole vaulting 1. 66 and the nasdaq screaming higher 1. 65 n. The last 24 hours we have witnessed some of the greatest short gains i have seen as well as downright disastrous bets against companies that manage to produce herculeanly fabulous results. Today it did so in breathtaking fashion. Before the winners and the losers let me say unlike almost any other time i can recall its the action of the panicked short sellers that are in charge here. They are controlling the prices you see. They are the ones who are moving stocks in either direction. Sure today we were helped by the European Central bank staying easy for longer than many thought. Whats driving the market on a moment to moment basis is short bets that are gone awry where where big hedge funds buy s p futures in order to cover shorts against the market or short sellers who had to cover shorts by buying stock because the sellers never materialized a
Im frank mallicoat. 5 00. And we have some more earthquake activity here in northern california. Lets check in with lawrence to find out where the aftershocks were. A little up north, i guess, right . Yeah, slightly different fault. Numerous earthquakes on the napa fault since early sunday morning, more than 80 aftershocks already and continuing to see some of that out there right now. Those earthquakes really centered right along that fault zone and then you move a little further to the north this morning and just over an hour ago we had another quake north of healdsburg about 7 miles out of town. Then you can see just to the right of that, that cluster of earthquakes, that is right at the geysers. Of course, they get earthquakes all the time there. But more likely, we are going to continue to see more of these aftershocks continuing across much of the north bay. Of course, well continue to keep track of that here at channel 5. Back to you guys. Thank you. Napa slowly getting back to
Whoo mmm oh, yeah [ male announcer ] discover your new orleans. Start exploring at followyournola. Com. Live, from the cbs bay area studios, this is kpix5 news. Tonight, a bart train losing part of a wheel right in the middle of rush hour. And Christin Ayers just learned the problem may not even be fixed in time for the morning. Christin . Reporter thats right, trains are running about 20 minutes late here at Pleasant Hill bart station. And the 20minute delays could continue into the morning commute tomorrow. All because of a single wheel that left passengers stranded. Here we go again. Reporter frustrated bart riders bounced from train to bus. We are told to get off. The shuttles were sent away. Reporter some so frustrated, they set out on foot. It was a long walk. Reporter this man from lafayette to Pleasant Hill. Im sure i knocked out eight miles. Reporter others left trapped on trains with hundreds of other riders. Stuck, hot. Sweating. Hot. It was terrible. Reporter all because of
Live, from the cbs bay area studios, this is kpix5 news. Tonight, a bart train losing part of a wheel right in the middle of rush hour. And Christin Ayers just learned the problem may not even be fixed in time for the morning. Christin . Reporter thats right, trains are running about 20 minutes late here at Pleasant Hill bart station. And the 20minute delays could continue into the morning commute tomorrow. All because of a single wheel that left passengers stranded. Here we go again. Reporter frustrated bart riders bounced from train to bus. We are told to get off. The shuttles were sent away. Reporter some so frustrated, they set out on foot. It was a long walk. Reporter this man from lafayette to Pleasant Hill. Im sure i knocked out eight miles. Reporter others left trapped on trains with hundreds of other riders. Stuck, hot. Sweating. Hot. It was terrible. Reporter all because of this. It looks minor, but a bart Maintenance Technician told us a steel tire cover came off the train.
Can Ceo Reed Hastings do to keep the momentum going . A massive snowstorm is west butng the mid businesses hoping to stay ahead with new smart files. A problem that will not vanish anytime soon for snapchat. Hackers broke into a database and swiped 4. 6 million user names and phone numbers. The information was published on redditt. The site was later taken down. In august, they were warned that they were vulnerable. At butched out to snapch have not yet heard back. Is aar to talk about it security and private researcher at the American Civil Liberties union. He is in washington, d. C. Joining us from cleveland is the ceo of tusted sec. This is a bad incident primarily because users are using the service because they think the company protects their privacy and security, but they has learned that snapchat taken a cavalier approach to their User Security and data. This should cause every user to question the entire purpose of the service. Securityes snapchats compared to other companies