The story totally captured the scythe geist of yesterdays trader but missed the theme of this mornings rally with the dow up 225 points. Cheap gas lean might repeal, might because we gave upmost of the days gains when still one more decline in crude this tile in the last minutes of trading curtailed the stock market rally. Dow advancing 6 three points and s p climbing and nasdaq jumping. 52 . Still in the block. A lot of consumer oriented stocks performed fabulously. Remember the battle here. Will the credit wows of the new stretched American Oil Companies chi bosch the strength that should come from shoppers who are benefitting enormously from a cheap gasoline stimlaos plan better than anyone i see the government offer or to put it in terms we can understand. Will the consumer cavalry arrive in time to save the pilgrim economy from the vagaries of the wildcatters with oil continuing to come down as it did today dropping another 1. 50 closed below 60. We didnt see who would have the up
Realizing just how lucky they might be thanks, to the strong dollar and theyre taking action on that. Its one of the chief reasons they have rallied most of the day. A Late Afternoon decline, the dow is dipping, nasdaq sliding. 14 . Yes, today, we got a graphic example of what can happen when the u. S. Executive decides to think big and thats exactly what fred smith the ceo of fedex did this morning when he announced this companys 4. 8 billion acquisition of tnt express. A company that has huge market share in europe. This fuel i heard say it wasnt that transformative. Will you stop . This encaps lates all the good things celebrated or talked about on most tv shows and written about in the papers or the web. No one is talking about this. First, fedex is getting tnt for a fraction of what rival United Parcel wanted two years ago. They blocked ups 7 billion takeover attempt because they saw a lot of overlap, firings, there is no overlap here. This is much virgin territory for fedex. When
Tumbling 110 points. Right now or government is pondering action, some sort of action. We dont know what its going to be. Worse, judging from president obamas conference today, he doesnt seem to know what to do. Something quite ev den from the the subsistence of not ruling out any option, plus, hes saying short term immediate things need to be done militarily to preserve the situation, which considering the immediate decline in the stockmarket, if we spoke, means something could happen as early as this weekend. So tomorrow could be a long day, what will it be . Airstrikes, drones . Iraq . More lives lost in defence of a government that Many Americans hate . Just the good works of our soldiers already seem undone . Thats ularge. We had many overseas issues in enroot years that caused hiccups in the market. North koreans saber rattling, cyber financial closing. Serious insurrection, ukraine. None of these rose to the level of the u. S. Military action. We have no selloffs to strangers to
Side of 680. It looks like at heeft two structures have burned so far. Winds are high. In the area. In fact we understand a third fire, a third house has gone up in flames, helicopters have been brought in for water droughts. Sky 7, you can see them trying to drop water onto the fire. This is a live look from sky 7, several buildings still burning. One has been completely destroyed. Yes. And there are crews from cal fire, Solano County and Contra Costa County on the scene right now. On the phone with us is cal fire, are you there . Yes. I am. Thank you, lynn. Update us if you can. This has been, i know its gusty but its been more stubborn. Yes. Wind is our worst enemy. Just burns through vegetation, and also, through homes what do we know about how many buildings are burning now . Is three houses now . I do not have an update im not sure. You probably have a better view from the copter how challenging is it . I know theyre using water drops from helicopters how challenge yefrnging to h
Is that challenge something it can be. Winds are issue with spreading the fire and moving retardant to an area where we dont want to. The best bet is getting water on the structures. Where are they getting water from . I believe there is a canal nearby. And we can see a few of the firefighters is this just a defensive stance right now . Yes. You know, those flames are so much to burn. Its a very hot fire. Looking at the buckets that are dropped the helicopters have their right around 500 gallons. And lynn, thank you very much. Any evacuation before you go . Im unaware. Im sure there are some in place. What about injuries . I have not heard of any. Thank you very much. And now Christy Knight has been watching the fire from across the street. Thanks for joining us. How far are you from this . Are they telling to you stay inside . We have not been told to evacuate the fire started on our side of the freeway. And at this point we have not had to evacuate. We do have an interesting view of