A psychological standpoint as well the message that it would be sending to the rest of the world trying to more of our debt in the United States in just about any country in the world so why would they be doing this right well think about it so just today as we reported here as breaking news about an hour ago the u. S. Federal reserve came within moments of being pressured into lowering Interest Rates below 0 in the end they pulled back from taking them into negative territory but even that build up of what they might do was significant significant enough so china is worried that when you combine what the fed has already done and buying back bonds and pouring billions into banks and printing 2 trillion dollars to pump into a sputtering economy in the United States what you have what you have is the makings. Of a weaker dollar a weaker dollar in other words as burkes describe it the u. S. Currency will be devalued. And what china is essentially saying is we see a storm coming and were g
Appear to be lockdowns in a number of italian cities, thats reason enough for not only in this country but certainly in europe for hotels, airline stocks, casinos, and cruise lines to be taking it on the chin here. What is interesting, before i get the read here in the United States, is what has happened to European Airlines like easyjet. That is the discount budget carrier. That is down an excess of 13 . Ryanair, 13 . Deutch lufthansa close to 10 . Air franceklm, about 9 . I could go on but just to i illustrate what is impact here on percentage term is bigger impact there the selloff is revisiting session lows. Right out of the gate we were down close to 1000 points. Right now, the dow underwater for the year with 922 point hit. Deirdre bolton at New York Stock Exchange. Reporter neil, were negative on the dow and awfulally close on s p 500. We need to hit 107 lower to completely wipe out the gains from 2020. Let me tell you some groups. You covered some weighing on these markets. If
Looks fantastic. No delays right flow, and upper east shore freeway, no major issues. Youll notice this red in the squiggling section. Thats the portion of 101 affected by the work on the muir fire. And that area is still closed because of the kinkade fire. Its breaking news we continue to follow as the wild fares tear apart parts of california. Right now theres more than a dozen fires up and down the state so far the kinkade fires has burned 16,000 acres being fueled by strong winds and its only 5 march contained. At least 49 buildings and homes have now been destroyed. About 2,000 people in geyserville and hillsberg you are under evacuation. Our crew discovered broken equipment that may have sparked the fire. Pg e cut power to quite a bit of the north bay, but we have learned that they did not cut power to highpower transmission lines until after the flames broke out. Well, the changing winds will certainly cause a lot of problems. Look at the smoke billows into the bay area as well.
By early afternoon. In the south bay were up to 80 degrees. 80 in pa low alto and antioch reaching 83 degrees. Well talk about the weekend forecast. Mike says the roads are flowing well. Thumbs up for the bay area commute no, major problems. We have some of the areas with the shutoff for the power continue as we wait until daylight to restore. Talking more about that and a smooth drive around the roadways. The freeways not showing any major problems, over here the trivalley a smooth flow of traffic with the east bay a little build south out of san leandro into hayward and out of union city toward fremont. The typical trend for the nimitz picking up more volume as folks make their way out of the trivalley through Castro Valley y. East bay travel times at the speed limit traveling to the bay bridge toll plaza. At the toll plaza you have the backup and the build from richmond to san rafael. I5 is closed getting down to for example universal studios, talking about that fire. Guys, back to
Breaking news weve been following for several days, at this time there are more than a dozen fires up and down our state. As we have been telling you, the largest is the kincaid fire in the north bay. Here is the very latest. That fire has burned more than 54,000 acres. In containment, sadly, has dropped to 5 , 94 buildings have been destroyed, another 80,000 are threatened by flames. Firefighters say they believe it will take until at least november 7th to contain the fire. There are dozens of schools shutting down today because of the smoke and power outages. We have a full list on nbc bay area. Com and were running them on the bottom of your screen as well. Now to the new evacuations that were ordered overnight in Sonoma County as this fire continues to spread. Today in the bay live for us in windsor, sharon. What you seeing out there . Well, lauren, marcus, it took about three different road closures just to get through to here. Now you can see whats behind me on east shilo road. W