It all about the guidance as well will we get a big ozark on netflix. Their numbers are coming out big banks as well. Everybody, a big week for earnings welcome. A big day for the markets as well let us begin with the rally on wall street. The nasdaq hitting record highs. A bunch of big Tech Technology names. Continue to make new highs when you look at this market could you ever predicted four, six, eight weeks ago that we would have gained 20 and 30 in matter of weeks even as the country continues to talk about reshut downs for 30 of our economy of course i saw this coming. Didnt we all see it coming. What i hold here are fundamentals this is an income statement. This is a Balance Sheet statement. Take it and rip it up because right now fundamentals are not fundamentals technicals are the fundamentals. It is driving the nasdaq continually higher i want to emphasize for a second, tesla. Think about this on friday, tesla will expire the 2500 call that is 750 higher than where we are tra
Good morning. We will check your forecast and meant but first a developing story. A wildfire burning near Anderson Lake in morgan hill forced the evacuations of tension comes from it. The fire burned 100 acres with their present content. The martinez joins us with more on what cal fire is doing with the park fire. Reporter the last update was just a few minutes ago. Evacuation started after midnight for 10 homes on finley ridge road and they are still in place. The first call came in at 11 pm last night for a grass and brush fire burning on the side of anderson like. But cal fire says that it does not pose a threat to the city of morgan hill. The park fire has since burned 100 acres. 1520 homes sit in the hills. Fire crews evacuated 10 homes early this morning. Evacuation center is at Live Oak High School. Cal fire is asking people to avoid the area but do not feel that the fire is likely to travel closer to the lake or to threaten more homes. It started a long gun avenue and moving up
We have a show full of chief executives and experts when it comes to treasuries. We will have a conversation with scott f. Thiel shortly. This is what markets are doing. Charts withuple everything from s p to growth versus value stock. Oil is pretty much study. Decline in banks. That is pulling stoxx 600 index down. Crude, i look at it every day because of what we are seeing. Around 32 a barrel in new york day rally. Four we will have market checks every 15 minutes. Lets get to the bloomberg first word news. President trump is hoping reopening the economy will dampen the need for another round of stimulus. That is shared by republican leaders, with Mitch Mcconnell sang the only way out of the crisis is for america to grow again. President trump is predicting a great thirdquarter. Talks have soured with the u. K. Negotiator accusing the eu of offering a low quality deal. David frost says it is unworthy of the fair trade agreement. Michel barnier a says they want to keep the benefits of
Witt of a normal situation. Lets get to it. And also over san pablo bay. It is decreeing. Pretty mild on the lows. 54. 55. 56. 57. The tall end of that front was enough to trigger a little but of rain on the north coast. Look at that stuff. West of 21. Santa rosa at 83. Hopefully today is better. Well talk to sar now at 0 dark hundred on a thursday. Good morning. Steve, good morning to you. We do have mostly sunny conditions. A car came off the freeway and hit a light pole. Unfortunately, someone in the car died as a result of the injuries here. There is the car you on the flatbed. This happened at 1 30 in the morning. They are in the middle of the careering stages here. We have the freeway traffic blocked. We are not sure what caused the accident. One person has died as a result of this crash. Well go back. All right, thank you, sal. Topping our news today. The house of representatives took a vote on that 484 billion Economic Relief bill. The package includes 310 for Small Business pa
At ross. Yes for less. News to build a better bay area, this is abc7 morning. It is sunday, march 8th. Im liz corey. Thank you for joining us. We will get to the latest on the coronavirus in a minute. Lets start with a quick look at the weather with lisa argen. Good morning. Its certainly a cooler start out there. Doppler 7 shows a system offshore that will be diving to the south that will give us a chance of showers as we start the week. Upper 40s in santa cruz. The air be mass that moved through, 36 from gilroy and san e u 40s high clouds, num 24 hours ago we were milder with the front, even though we had all of the race, 11 views here beautiful. And we will be looking at the clouds throughout the day today. Not talking about any rain. Temperatures on the cool side. We will talk about that system just skirting the bay area. How much rain and where we may see some in the days to detail about the grand princess cruise ship off the california coast. Passengers were told late last night