California. Even as the Company Works to restore power to the affected customers, they are warning of a largershut off starting on saturday night amid forecasts of strong wind. They faced criticism from the governor, lawmakers, and the California Public Utilities Commission over their handling of the first poround of r outages two weeks ago. The utility was not adequately prepared for the first round of outages, as the website crasd d repeatedly the call centers were overloaded. Joining me now is the senior producer, and data journalist, lisa white commented disability rights advocate sharing the board for the center for independent living bein eley. Lisa, tell me, what about the shutoffs that could start turday evening and ovthe weekend . Ast night, pg ewarned people throughout the bay area that they could be turning off the power again, and the shut off could be as large and last longer than the one we saw earlier in october in that sense, the regulators want pg e to take a more surg
Pentagon officials at the white house after slapping sanctions on Irans Central Bank, calling them the highest ever i am imposed on country. Well bring all the headlines from the white house. Flood from texas. A Tropical Storm overwhelming the area. They fear it may become worse than Hurricane Harvey in some spots. Were live on the ground as residents are trying to pick up the pieces. Tim cook greeting apple fans at the store here in new york. Were looking at reopened flagship store. Were live on the scene later in the hour. Melissa fox Business Team coverage keeping track of todays coverage. Blake burman live at white house. Gerri willis on the floor at the new york stock exchange. Phil flynn is watching oil and bold gold from the cme in chicago and Edward Lawrence from the newsroom. Reporter it was deputy level chinese negotiators, canceling or not going a trip to u. S. Farms got the market turning down. One thing to keep in mind all of this, this is deputy level negotiators below th
Prices and lack of demand. Oil is up about 2 amid more tensions with iran. That countrys foreign minister is threatening allout war in the event of a u. S. Or saudi military strike. Meanwhile, facebook chief Mark Zuckerberg heading to capitol hill today, trying to promote his vision for moderate internet regulation, as antitrust investigations are heating up. Plus, we have news on a possible isis connection to that mechanic who tried to sabotage an American Airlines plane. And Major Tv Networks are saying no to advertising ecigarettes. Varney company starts right now. David first to washington, d. C. , where midlevel china trade talks are kicking off today and they seem to be having a positive effect on the markets. The Dow Jones Industrial went from negative to positive on the news. Edward lawrence joining us live from the white house right now. Hi, edward. Whats going on . Reporter yeah, literally right now, the talks with the chinese delegation have started. The delegation has walke
Manufacturing was steady with 8,000 jobs added there. Adp numbers coming out at a time where some people are worried about recession. It Shows Confidence businesses continue to higher despite those recession fears. It was the best month for private sector hiring since april. It is interesting, because yesterdays ism manufacturing number was a little weak. It showed some contraction. People were worried about that. This counters it a little bit. I want to look at Mortgage Rates as well. According to freddie mac the fixedrate for a 30 year down to 3. 49 . That is the lowest level in almost three years. What this is telling us, refinancing activity that weve seen will probably continue and low Mortgage Rates like this should stimulate the housing markets. Take a look at the top three dow component today. Intel, caterpillar, 3m, showing some significant strength there. So its a broadbased rally but you have got technology and industrials leading the way. Tomorrow of course, weve got nonfar
Also weighing on investors, continued protests in hong kong. All remaining flights today out of hong kong have been canceled, as demonstrators are occupying the airport there. It follows a violent weekend of protests, including clashes between demonstrators and police, beijing officials condemn the violence and linked violent protesters to terrorism. A bad sign. Also, low Interest Rates affecting the market. Check the tenyear yield. Its 1. 69 now. The other big story of the day, the death of Jeffrey Epstein. Were learning that epstein was not checked on for several hours leading up to his apparent suicide in his prison cell. Attorney general william barr is furious and says there will be a federal investigation. Theres a lot of news to go at today. You dont want to miss a moment of it. Varney company starting right now. David a quick look at stock futures and they have improved a little bit from where they were. Lets go right to susan li at the stock exchange. Whats the buzz, susan . S