Stocks and a retreat from record highs in the premarket. Amex, nike, and apple are all leading the dow lower. Plus, a big change at the top of American Express. Ken shenalt is stepping down after 17 years at the helm and 30 years later, lessons for black monday for todays stock market as stocks continue to break new ground we are set to open lower after wednesdays rally, in which the dow closed above 23k for the first time in the meantime, two dow components out with Quarterly Results this morning verizon posted revenues above consensus, helped by some Strong Performance in smartphones travelers, better than expected results, although it did suffer 700 million in catastrophic losses related to the hurricanes, harvey and irma. This nike downgrade, guys, is going to take some wind out of the sails, too you know, its funny. I question the value add of the downgrade. Which is, by the way, goldman. And the reason i question the value added, theyve got a big Analyst Meeting come up. Its all
The ibex on the flipside is weaker. Political unrest in spain. Ahead of the ecb meeting, here is where we are stacking up. 43 basis points. Gold at a low. Ecbd says david the will hold its policy meeting where mario draghi is expected to announce tapering decisions. Now, lets get an update on what is making headlines. Taylor shinzo abe gambled on early elections and won. That boosts his chances of winning another term. That could make him the longestserving leader. Investors responded. The increased role in the counterterrorism policy. The cia has increased operations in afghanistan. Joining to hunt and kill the taliban. Spanish authorities have rejected a call for negotiations. Day, i ams 24 hours a taylor riggs. Messy politics in spain will be the backdrop for the meeting. The theme is lower the amount and extend the bond buying program. From london, i want to get your take from the unrest we have seen from spain. Does it influence the ecb at all . At the moment, it will not be a key
Roundtable with tomand trend locked together. Daschle and trent lott. Jonathan very quickly, a big print in the eurozone, core inflation a fouryear high. , up. 6 . Gh on the euro treasuries on offer at the margin. Of the Market Action. Lets get you up to speed on the top stories. Here is emma chandra. Emma President Trump warned there could be a major conflict with north korea if diplomacy fails, telling reuters the u. S. Would love to solve the issue peacefully, but said it is very difficult. At the United Nations Security Council today, secretary tillerson will try to showed north korea the world is against it. In france, the president ial election is a week from sunday. At a rally and nice, Marine Le Pen did not mention her plan to pull out of the euro, but said macron lacked french fry use. Tell thes are ready to u. K. They are united when it comes to brexit. There will be a summit in brussels to discuss the uks departure from the block. They will warned the u. K. Against trying to
Mountain view. Temperatures like yesterday in the 50s the lower 60s. Santa rosa cool at 51. Eventually we get a big warm up and by lunchtime 60 to 85 degrees and warmest locations inland will be hot with upper 90s and close to 100 this afternoon. We will take a closer look at your weekend outlook in a few minutes. Sal is ready to go and standing by. We have some slow traffic but not a lot of unusual situations. For example, the tracy commute has low traffic on 580 and 205 through tracy near the Mountain House exit, continuing to slow to the end of the altamont pass. Road sensors showing the traffic looks good from livermore to pleasanton and lightly traveled into Castro Valley and hayward. You still have an opportunity and even 680 that gets busy in pleasanton, right now you still have an opportunity to get there without any major delays. There are a lot of people on the roads but theres still plenty of room. Northbound 880 on the right in this picture looking pretty good all the way u
Several neighborhoods including Sleepy Hollow. Look at the video. Hole. Last Night City Council said it is going to take four weeks to fix it and its not cheap. It will cost up to 1. 3 million to fix the structural problems. We were actually hoping to be able to get in and start working in the sinkhole to remove debris and assets damage. The challenge they are now facing is another round of this Rainy Weather making conditions hazardous. They say the area could be inundated with storm water again if a storm drainage system cant handle creek overflows and on and off throughout the morning we have already been watching some of that rain currently died down a little bit now but still expecting more later on. The next step in all of this the city is looking to hire a contractor. They say they are currently accepting bids. Live in orinda, Sandra Osborne, kpix 5. And rain is here. For more on that, heres brian. You bet, mrs. Griego. We have the kpix 5 hidef Doppler Radar fired up. A band mov