Launch an allout trade war against china. An oped in the chinesebacked newspaper, the global times said any new tariffs would trigger immediate Counter Measures from beijing. This comes in response to donald trump repeatedly saying on the campaign trail that the u. S. Would punish beijing with high import tariffs in response to what he considers unfair trade practices. He also wants to brand china a currency manipulator. The stakes, of course, could not be higher. Americans love iphones and other goods, from furniture to nike they get at low cost from china, but they resent the job loss that many rightly or wrongly lay at beijings doorstep. With china, they dump their product all over the place. So declares the president elect. But china is not taking those kinds of words sitting down. The country warning the president elect that it will meet a trade war with a trade war. The staterun global Times Newspaper telling president elect trump what that might look like. A batch of boeing orde
60. By this afternoon, youre barely going to need a jacket. Its going to be an amazing start to the week. By 9 00, 42 degrees, low 50s, which is about where we should be for normal highs by noontime. Wake up, seasonal chill moment. Most of you are in the 30s, outside of the 42 we have downtown. Super moon is what weve all been talking about on social media, and, yes, the viewing is still great. You still have about another hour to maybe catch a glimpse this morning, but there is more opportunity. Well have more on that coming up. But look how clear it is on future view here as we track through the day. But whats ahead . More warm weather, and maybe even a couple of snowflakes over the next seven days. Danielle has a check on your commute. Good morning, welcome to your monday. Hope you are having a great start. So far its a pretty good start to our commute. Were all green. Im not tracking any accidents. For those who take 71 south through richmond county, be aware there are daytime lane
Weve got someone from the administration to explain what in the world is going on. And another union may soon invade the south. The last one burned atlanta. The union army. Will this one burn all those manufacturing plants and jobs to the ground . Were talking unionizing. Sue is at the nyse. Hi. Its a down side day. Right now where we were momentarily again, the Dow Jones Industrial average off about 100 points on the trading session, s p down 9, nasdaq down 29. Thats the biggest percentage move to the downside. The russell 2,000, the broadest index is down almost a full percenten. As for Interest Rates, the yield on the 10 year is 3. 623 . The oil and gold market going in opposite directions. Comex up 14 bucks but ice brent is down about a tenth of a percent. Down 8 in month. Were seeing gasoline under 3 bucks at some stations around the country. And the volatility index known as the vix up 10 in a week. It is up almost 11 . At 1855. Ty, up to you. All right. Thank you very much, sue.
Offpeak times. Sfo will start up a new departure Management System which operates like the metering lights on freeway on ramps to minimize wait times for planes about take off. Weather and airline breakdowns its always difficult to say. Its not like chicago. Obviously you expect something. Reporter frequent flyers worry there will be no way around the delays. They are also afraid they could be stuck with higher ticket prices and jampacked planes. Supply and demand definitely flights are going to be more expensive. Its going to be difficult to get the flights that you want, and maybe ill end you will going to other airports. Reporter and the bay areas other two major airports Oakland International and san jose mineta would love to see an increase in air traffic as a result of whats going on here. Theres a study by m. I. T. Recently that found that small and medium sized airports bore the brunt of recent airline cutbacks and so they would love to see than a crease. Meantime sfo has seen
Stock screener and whats in fact reality. Thats the only way to explain the recent session where the dow advanced ten points, the nasdaq rebounded from the abyss. Climbing. 81 . See, most people immediately and naturally want to tie the action in a stock including the hideous action in many high fliers of late, little bounce today, whats happening at the Underlying Company and i have to tell you thats a quaint, at avisic approach to the market. One you need to shake yourself loose from if you ever make peace with your portfolio. Consider this. I have been watching two ultra consistent stocks, ones i say i like very much. Get really banged around. Over the last few days at least. Time warner and cbs. I have been searching up and down to find an explanation of whats wrong with these two. Time warner is such a winner. Its got a big dividend, its making oodles of money. A voracious buyer, the ceo, a great american, has developed some of most successful hit programs of all time including ga