Flames that charred all 18,000 acres of californias oldest state park arent spelling it in for the ancient redwoods. I am elizabeth cook. I am alan martin. We have seen dramatic video of the damage done to the redwoods. But a fire from the past is now offering hope about the resiliency of these forests. Wilson walker explains. Reporter the vision burned more than 12,000 acres. The fire now is more towards the south end. There is not much in the way of overlap. It the past, present, and future of this landscape. Not another way to describe what we are seeing except total devastation. If you want to see what replaced the devastation you will enjoy less oldgrowth forest and to let one single turn you will hit this. I wouldnt call it a star,. 36 years at the chief of interpretation was remarkable exploding back across the burn zone. It got to a point where they were very thick and dense. Which is not at the so in the last 10 years we did a fair amount of clearing. Within 10 years, regrowth
To the likes of boeing. 3 . Asdaq is down microsoft down half a percent. Several stocks rallying big, mgm resorts up 13 after the onlinestake for gaming portion. Twitter is up as well. They are in the mix to buy tiktoks u. S. Operations. Action overump took the weekend to extend economic aid, diverting disaster money to boost unemployment and payroll taxes for some workers. Executiven what to orders mean for the markets and the population, we are joined by wealthwise financial ceo loreen gilbert. What thoughts come into your head when you see these executive orders that may or may not even go into effect . For investors, it gives us a level of comfort that they will be ongoing support for our economy. We know we are not out of the woods yet. For those millions of people who are unemployed, having that extended unemployment benefit will keep consumers being able to spend. That is positive for the economy. While congress is trying to fight it out on what that stimulus package will look l
To break trump has yet the stimulus long gem. Softbank backs the virus handed record losses in may at a drop of the value, some may change with earnings later. Lets get a quick check of how the markets are trading. We are seeing u. S. Futures under a little bit of pressure, down 1 10 of 1 . We have President Trumps executive actions on stimulus measures boosting sentiment. That weighed in indices. The s p 500 saw the highest close in sixmonth in the longest winning streak since 2017. Aska futures at the moment japan comes back from mountain day holiday. I mentioned softbank earnings coming back later. The japanese yen Holding Around the weakest in more than two weeks. The bloomberg dollar index unchanged at the moment. This after it touched a oneweek high. Watch out for some data this morning. We are getting south koreas 10 day trade data. We are getting japan numbers, not to mention singapores final gdp numbers. Crude headed towards 42 a barrel after gaining the most in a week after s
Claims. 1. 3 million last week, and that is the 15th weekly decline, so the downtrend continues. However, 17 million are still unemployed and still collecting benefits. Ive got two big tech stories for you. First off, the twitter hack. Fake messages appeared from big name celebrities. It was a bitcoin scam. The important point is the hackers took over the platform and could have sent out messages to disrupt the market or the election or anything. They showed they could do it and that is a huge problem. Stocks way down. Second tech problem, the top court in europe will restrict the transfer of the personal data of europeans to american companies. They are worried about our surveillance of them. This could severely disrupt big tech operations and big tech stocks are down. While stocks generally are moving lower, especially those technology issues, the dow, we are looking at a minus 180 at the opening bell, down 21 for the s p and really, the nasdaq taking it on the chin. Again, technolog
Crossing opening for the first time in two weeks. Trucks carrying supplies have been entering the strip and more are now waiting to cross the border. Now waiting to cross the border. Israel bombarded the territory and imposed a blockade preventing the delivery of food , preventing the delivery of food, water and fuel. After the hamas terror attack on october the 7th. The group says todays delivery wont be enough to change the catastrophic medical conditions in gaza. A peace summit is being held in cairo. The secretary general and United Nations, Antonio Gutierrez, says gaza needs more than aid trucks. Gaza needs more than aid trucks. Full trucks on one side, empty stomachs on the other. The trucks need to move as quickly as possible in a massive, sustained and safe way from egypt into gaza. A 20 truck convoy of the egyptian red crescent is moving today. And i want to express my deep gratitude to egypt for the essential role egypt is playing in this regard. But the people of gaza need a