Kron fours will tran is there live at the Cal Fire Base Camp in scott valley with more well. Actually we just got an update from cal fire unfortunately you talked about the structures and the damage we do know now its now 538 structures and that involves either barns or homes that have been destroyed so that number has gone up, but they say theyre not surprised by that especially with having investigators going into burned areas and now going through the neighborhoods and county feast your eyes on this james and area that is not smoke thats fog and theyre so happy to see fog because it brings moisture to the area it cools things down. And it allows firefighters to get a bit of a break once the fog lifts it will be sunny again and they expect to have the aircraft back up in the air in the aircraft has been wonderful for the firefighting efforts in fact theyve increased the gallons every day as far as gallons dropped to the fire. It is still 19 containment so that did not go up. But more
Major breakthrough in treating the coronavirus, a steroid that could cut deaths significantly among the sickest patients jay powell assuring the market is willing and able to backstop the economy. And finally, fiscal stimulus reports the white house is preparing a trillion dollar infrastructure package for everything from roads and bridges to 5g network. So, were these the three things the market needed to hit it big today . The three horsemen. Hi, mel. Hi, guy how are you well, i mean, they definitely helped, and im looking forward to Jerome Powells testimony tomorrow when somebody asks him what his favorite hardhitting question, what his favorite color is thats always riveting to me its all about the fed i think we all agree with that their commentary has been nothing short of astonishing the infrastructure supposed infrastructure bill, obviously, caught everybodys attention im hard pressed to believe that will get through this year given the divide we have, politically. The covid ne
Now because of an agreement between the city and environmental groups, 937 acres of this lands will likely be purchased and set aside as a permanent open space. This agreement is enormous. Reporter environmentalist Roger Castillo says it traps fresh water for san jose beneath the ground and also benefit wildlife that will be able to pass from one mown range to another without significant barriers. It is really important to get animals their corridor to move from one peak to another and keep biodiversity. Reporter but its not what long time Property Owners wanted close to 90 years in the valley. Reporter kens family has grown cherries in the area for years, and hes afraid the land will stagnate. Were just looking for existence, thats all. Reporter and he questions why san jose will let go of space for industry and housing. I dont know any place in the world where they dont need homes more than in this area. Reporter the City Council Still has to vote to approve the agreement, and they m
On tv and radio. Im Jonathan Ferro. Tk taking a break, equity market soft, down a 30 on the s p 500. The bowls on wall street getting more bullish. Now looking for 4900 on the 400, the price target set at the end of december. He was bullish and right to be. He raises his price target. City are looking for 5000 by the middle of next year. It is record high watch on the street. Lisa and the potential for a 28 gain this year, the biggest going back to one to 19. Can we get the start of a new bull market given some of the increasing credit contraction, the softening in Economic Indicators check out could this be the start of a new bull market as many are calling for . Jonathan i loved what scott cronin had to say. Clearly we were chasing the tape. Growing conviction in years earnings acceleration is a key point of differentiation. He is looking for earnings to accelerate into 2024. Lisa a key underpinning for a lot of these, more broadly, is that the softness will cause the fed to pivot. I
Reporter he says they hope to have the 20 tuff sheds ready to move in by next week. They would accommodate 40 people, two to a shed. Its called a low barrier shelter. Drug and alcohol use wont necessarily be prohibited. I feel like its a joke. Reporter but some arent so sure this is the answer. Janae scarborough told us her father and his dogs live in a tent just down the street. Theyre doing better in a tent with furniture and stuff like that. These sheds, this is something you put dogs in. Anything that we try is new will have risks, but i think the greater risk is to do nothing. Reporter once the tuff sheds are completely occupied, city Officials Say they will begin to dismantle the tent camps around them. In oakland, laura anthony, abc 7 news. New at 6 00, two people are recovering from injuries after a crash on highway 4 in brentwood. The east contra costa Fire Protection district posted these photos of facebook this afternoon. You can see First Responders rescuing two people from