Schools closed live on the ground with the very latest power lunch starts right now thanks, mel. Welcome back im Brian Sullivan dow hitting session highs up 110 points s p 500 trying to make a fourday losing streak, industrials, energy and tech leading Consumer Staples and utilities lagging. Individual companies to watch include lululemon. Shares soaring beating estimates, boosting outlook. Dollar general a nice bump topping expectations and check this ut. Ge up 2 unfortunately, because the struggling industrial giant saying it will lay offanother 12,000 people. This tile, tyler, in its power division. Thank you, brian. Bitcoin, bitcoin, bitcoin. A rhyme i could make but i wont. Wall street and main street getting caught up in the frenzy. Bitcoin, hitting 16,000. 16,000 for the first time today. Then just moments later, 17,000. And then 18,000. Then 19,000 on coin banks. Right now, on somebodys base, its 15,360. Mr. Pus pisani at home base. Keeps going up and up, firms involved in futu
This last friday, authorities arrested everitt jameson. He had chosen pier 39 to the fbi and department of Homeland Security have no indication to indicate a specific credible threat associated with the San Francisco new years eve fireworks show. Reporter the department of Emergency Management has created that text alert number. Abc7 news. Thanks very much. A longstanding tribute to fallen officers took place today for a chp rookie who died when a driver slammed into list cruiser in hay ward. The chp held a bell tribute ceremony for Sergeant Andrew camilleri. He leaves behind a wife and three children. The chp said a driver plowed into his car on Christmas Eve. The officers were overcome. Le remember c le. He sacrificed his life for the safety and security of others. The driver who hit and killed camilleri was tunneled influence of marijuana and alcohol. He is still in the hospital. The chp has established a fund for people who want to help the officers family. A power outage stranded
Individual donors, and thats dramatically down. Nonprofits wonder if people dont have more to give after donate to go Natural Disaster like hurricanes, and the fires in california. We also dont know if the new tax law is causing people to pause and rethink their strategies at the end of the year. Reporter its possible the new tax law is prompting people to prepay their property taxes, due in april, and now theyre cashstrapped. In 2018, the standard deduction married couples filing jointly can take is increasing from just under 13,000 to 24,000. Theyre going to get a free deduction of 24,000. So they may not need that charitable deduction to get them up to that level anymore. Reporter Second Harvest food bank hopes people will still want to give. Their depending on it. There are certainly a lot of changes as a result of tax reform, including property tax and mortgage deductions. You can read all about it and hear what local accountants recommend at our website, abc7news. Com. Starting o
Drop in donations. It could get worse in the new year. Good evening and thanks for joining us. Im dion lim. Im dan ashley. The big change for 2018, the tax reform law, will take effect. It doubles the standard deduction, which means less incentive to itemize your taxes. That could lead to fewer people donating. Already the Second Harvest food bank is in danger of not reaching its goal for next year. Reporter a free meal means so much to those struggling to survive in the bay area. The ceo of Second Harvest food bank worries how much the nonprofit will be able to provide in 2018. The food bank set out to raise 16. 5 million this year. Theyre still 8 million short. We have many new pantry openings planned. We have many new partners we want to bring on board. And we will have to look at whether or not well be able to open those programs. Reporter Second Harvest says in the last ten years, the number of clients it clara and counties has nearly doubled. Corporate funding is strong, but half
Upper 50s by noontime. Low 60s 4 00. Mostly sunny skies. Sue, anything going on . We do have road closures due to road work. Lets take a quick check at the bay bridge toll plaza. Just a couple cars stacked up paying cash on the right and left cash lanes. Otherwise were looking good as we get started on this thursday morning. Holiday light well call it with freeway closure due to road work on highway 13 between highway 24 and broadway terrace. Right now just a little bit of slow traffic as you merge off highway 24. Otherwise its getting through nicely. Well check back on your mass transit options and drive times in just a couple. From our live desk this morning a security scare at phoenix sky harbor around 1 00 in the morning. Police investigated something in terminal three as a precaution. Now we dont know what that something is. All we know is the terminal and a nearby road were shut down for some time. Police have resolved the situation. Operations are now returning to normal. Delta,