41 puts it in a socalled bear market. Alphabet shares on the rise. Energy giants on the move this morning after earnings, this, as oil sinks further into bear market territory. And, man, those exxon numbers werent good. And the dnc wraps up. Economic growth coming in well below consensus. 1. Versus 2. 6 expected. Gdp in europe disappointing overnight. S p and dow up a little bit. The best month since march but the first down week in five, perhaps. You had to go through a gauntlet. Apple. Facebook. Alphabet. And, amazon. And, i gotta tell you, 4 for 4 is pretty impressive. You see the nasdaq holding in there. Playing catchup. I didnt think we would go through the gauntlet unscathed. I felt one of them would screw up. I think the worst one was amazon and that was pretty great. It was not as huge an upside. And i have to tell you, their Conference Call has gone back to this opaque nature i cant stand. You know why the quarter was good . A fly wheel. Fly wheel . Thats like isnt that like p
Later, its a secret sign that energy may have found a floor and had one trader placing a very big bet. Well tell what you that is and well start off with the big moves in tech. Cisco surging and tesla misses but the stock is soaring on an upbeat outlook and amazon announcing a 5 billion buyback. Do these then to buy back the standout performance we saw in todays session in technology . Is it time more importantly to put the tech trade back on . Guy. When you talk about the tech trade, thats a pretty wide swath but in terms of cisco specifically it might be time to take a serious look at cisco. You dont have the Revenue Growth you need to v. Probably up 2. 5 , 3 and youre talking about a company thats traded seven times forward earnings, great Balance Sheet as shown by an acquisition added to a buyback. Started to make a transition are, and pete can speak to the transition microsoft did. At least they are attempting to move away from legacy businesses into businesses to make more sense
For wired phones . Or is it now wireless as well . Like i said, during the reagan administration, the telephone voice subsidies began, and after the Bush Administration they introduced wireless. Today, there is wired and Wireless Voice available within the program. Daniel, has it been successful in your view . Its not clearly successful, and i think thats one of the problems that exists with the program now. Born as a political compromise between the carriers and the fcc when the government broke up the at t monopoly. , we arethe concern was going to establish this amount that we will give to low income consumers with the goal of making sure that low income consumers can get access to Telephone Service, but no one had really done a study to figure out whether the amount we are getting is actually going towards people who would otherwise not fall off the telik medications bid telecommunications bid. A report was issued last year that criticized the fcc for this. There is bipartisan supp
Storage unit and mobile home park. They took a person into custody but they say it was for unrelated warrant and the person arrested is not the driver. The boy was taken to the hospital with major injuries. We have a news crew at the scene. Can you follow us phone breaking details on this on twitter abc7newsbayarea. We kick off the work week with another round of storms. We have a look at our sutro tower camera showing ominous skies and drops on the lens over San Francisco. The latest round is after a weekend of packing a punch. All the storm is stretching into the east bay from emeryville camera we can see the dark shoulds in the foreground hang overhead. You know who liking this, is lake tahoe. A look from the heavenly resort, with more snow there today we will talk to meteorologist mike nicco now. And around the embarcadero and toward the exploritorium, people have their umbrellas and have been listening. We have been talking about last week and into this week the darkest and most o
Making them tougher calling for 10 carbon cut over the next five years. The strict standards could drive up the cost of gas but by how much. Thats a question everyone is asking. In Santa Clara City Council members are mulling a plan to limit booze sold at niners games. This is after recent alcohol fueled fights between fans there. Why the police chief doesnt think drinking is the problem. We will talk about that. First, we will take a quick check of your sunday morning forecast. Here is a live shot of the Golden Gate Bridge. It is socked in with fog but that will change later today. Oakland is at 59. Livermore is the same. San francisco is cooler at 57 and san jose is also 59. Heading out the door, a partly cloudy start, coastal fog and near seasonal highs later today. We have changes in your temperatures coming up in the work week. Well have more on that but first we will look at your headlines. Two people are recovering from injuries after a transformer blew up in San Francisco. Pg e