Areas of most concern, burn areas of the Santa Cruz Mountains in the north bay, rain coming, jesse gary is live in the Santa Cruz Mountains. All of those burn zones and rain coming they must be worried. Reporter that is exactly right , you can see the scorched hillsides all around me. Its loose a lot of spots, coming down little by little and others, add the rain you talked about to this dangerous mix and you could have bad situation that turns much worse. Volunteer firefighter Jennifer Garner smith taking the rough and rugged route to eyeball a problem off chiquita road. Hotspot still smolders, 18 days after the loma fire started. Fires are common, burnedout areas, so its not an emergency we just washed. Reporter she is also constantly peering upward at loose dirt turned into a slide danger waiting for the right amount of water. Although fully contained the loma fire burned over 4400 acres, a total 12 homes destroyed, many more damaged. There is a burn spot above, were trying to seal
Julie the worst week since early february. It keeps accelerating as we had through the session. The nasdaq has consistently been fearing the worst, down 1 right now because we have a drag from large cap tech stock that has been declining. We saw a rebound in european stock and commodities. That is not happening in the u. S. Markets. Take a look at the s p over the course of the day. Stocks opened, they were not down nearly as much. If you take a look at the bloomberg to see the groups on the move, energy chairs and gains we see in oil prices. Tech and Consumer Staples are dragging the most. Particularly tech. Apple is leading the losses within technology after a court ruling in beijing that said the company violated a chinese phone patent. Apple says it has appealed the decision but there are still sparks of concerns. And microsoft have also been declining today. Oliver this has been the week of the vixx. It is interesting, you see the divergence between the u. S. And europe. Up hereei
We have to look what equities did yesterday in the United States. Germany much better than expected. Italy, much less than expected. Tom there is a lot of Economic Data coming up. I look at this friday as a reset onto jackson hole. We have incredibly smart guest with us today. What i like about it is this is the week where we have moved on from brexit. I dont know what we have moved onto, but we left june 23 behind. Francine i just had a 30minute special on brexit, so i havent moved on, but i know markets have. Lets get straight to the bloomberg first word news. Taylor we will move on to russia. Russia is ratcheting up the threat of retaliation against ukraine. Ukraine put its troops near the region on alert and the ukrainian president says russia is looking for an excuse for further military threats. Froma seized crimea ukraine in 2014. A series of bomb attacks have impacted thailand. The government does not know who is behind the attacks. Hillary clinton says it is a myth that donald
Wti down 2. 5 . The mid to high 44 a barrel range. Were going to get more on oil and the opec meeting going on in algeria in a little bit. Good news, oil slide not really hitting your stock investments. The dow regaining some of what it lost yesterday. The dow is up 131 points now. American express, cisco and ibm, some of your top performers on the dow. Welcome back. Tyler mathisen here and here is what else is happening in this hour. Wells fargo reportedly considering executive clawbacks in the wake of that fake Customer Account scandal. Will trade organizations slashing the global trade growth forecast for the year citing the slowdown in china. Welcome, im michelle carusocabrera. One down, two to go following an historic night at hofstra. We are already counting you down to the next big debate. Here at cnbc, we like to look at the betting markets to see where the money is going. Folks at predict it putting the odds of a clinton win at 67 versus 35 for trump. Clinton gaining six point
S p reclaims 2100 a lot to look at including coke and yahoo. Europes relatively mixed, oil is lower as the kuwaiti oil strike has now ended. But first up intel announcing plans to cut up to 12,000 jobs, about 11 of the work force, weaker demand for pcs ask that exclusive coming up in just a couple of moments. As we said we brought in jon fortt to lead this interesting quarter and interesting plans now for the future. Its really interesting, carl, because we just saw ibm report a quarter where they talked about weakness in latin america, particularly brazil doing some cuts overseas. Now intel coming in saying the pc market is weak, but also the Data Center Enterprise demand was weak, its cloud demand thats stronger. Makes you wonder overall when it comes to the end user whether that end user is sitting at home or in a business or even at a data center that the business controls, what really is happening to demand for devices that run on intel chips. Of course stacy smith, cfo is going t