Delays is when there are crashes. Now there was a crash earlier on the altamonte pass approach 580 at greenville and this commute. Now part of it is just the truck traffic. If you look at the rest of the east bay were off to a good start. Well check that and look at the south bay commute in sdprus a few minutes. Just a few minutes. At least one man was taken into custody after a suspicious fire in a san jose apartment building. It started in the carport area of the altera apartments. Ktvus alyssa harington there this morning with the latest information. Good morning. Yeah, a bomb squad had to be called to the scene after reports that a device may have been used to ignite this fire. Residents had to be evacuated dozens of them were seen standing in the parking lot as investigators arrived to the scene some neighbors say that the fire woke them up and they tried to fight it themselves. They also tried to explain a strange smell. Suspicious canisters and broken glass. Firefighters, police
Those earnings were outrageously good, good for them, theyve raised guidances for the third time this year clearly i missed that one for at least six months, probably longer but now you have to ask yourself, is valuation getting in the way so i would submit that cat maybe is ahead of its skis despite the ridiculous quarter triple m another one big valuation, great quarter what are you paying for these companies now at the end maybe at the beginning with cycle, but trading mid20s in terms of price to earnings speaking of redic, how about that opener, tag team, whoop, there it is. How many shows on financial shows are doing that one, for good reason. I thought half of todays performance was really related to an inventory build. When i look at the reports that were out today and the places i think you can still buy, a name like gm, which is trading cheap, not only do its peer group but to its precrisis levels when it was a much less efficient, much less cash flow generative company. Thing
If you look at what is going on with stocks, we are not being much of a positive reaction, but we will keep an eye on it and see if we see any kind of delayed reaction. Not to mention the fact that the oecd is also cutting its growth forecast for the u. S. To 1. 8 from 2 . Lets take a look at the groups on the move. Energy in the bottom spot, followed by materials, initials. We have a cyclically led decline in stocks at some of the defensive groups like Consumer Staples and utilities are doing better, but a relatively broadbased decline with the exception of those two group. I want to pinpoint what is going on with the auto sector. In general, sales we are seeing worse than estimated numbers, particularly at General Motors where numbers plunged 18 . All four of the brands within gm reporting to clients at least 13 . For vehicle sales down 6. 1 . Fiat chrysler sales actually beat estimates, unexpectedly rising 1. 1 , but that is not helping the shares. We are seeing them fall as well, s
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