Giving a lot of insight well be bringing you results apple, amazon, alphabet and facebook all report their earnings coincidence those four Companies Make up about 16 of the s p 500. Worth about 5 trillion combined and come a day after the heated antitrust hearing. Wolf, this is a good read in for you. For sure. There was meant to be three of those. Facebook got moved from yesterday to today after that hearing. After the close, we are waiting for two economic reports it is thursday, that means weekly jobless claims. Another 1. 4 million filed for the first time last week the first read on Second Quarter gdp. The economy likely contracted by 34. 7 . Both jobless and gdp due at 8 30 eastern time you look at those numbers down 34. 7 from the estimate we know it, weve been hearing from companies and what has been happening. Thats a lot of news to digest ahead of all of these reports. You are watching futures under a little pressure. Lets look at where things stand now. Dow down 206 points,
Less than 24 hours after fire ripped through two tanks at the Nustar Energy Storage Facility in crockett, investigators with te Contra Costa Fire Department served a search warrant on the site. I would ask that you not infer anything negative about that. The company is being completely cooperative, and its purely a common practice that we do in investigations especially big complex ones. Reporter the evidence seized could include documents and computer servers that have video before and during the fire that consumed two tanks that contained about 250,000 gallons of ethanol. Just 1 of their capacity. The huge fire sent a giant plume of black smoke over the area forcing the closure of interstate 80 at the height of the evening commute. You can get longterm Health Effects from smoke, but thats when youve been exposed for a period of time, not this short few hours we had last night. Reporter in the meantime, the chairman of the contra costa board of supervisors is calling on his county to
Sunshine. 59 in san leandro. Look how mild it is compared to yesterday with the cloud cover and the moisture. The winds, upper elevations, these are work down to the surface keeping it cool and breezy for your thursday. Good morning. Good morning. And good morning to you all. We have some conditions out there, some issues to deal with. Lets get to it. As you approach 680, 580, interchange near dougherty, lane blocked with an accident there. Accident westbound 580 near grant line, its blocking the left lane. Typical slowing behind that there. Give yourself extra time. You can take an ace train. Just a heads up, systemwide, b. A. R. T. Today will be experiencing the shakeout warning at 10 17, they will slow to 27 Miles Per Hour, then they will stop and briefly hold. If you plan on coming into the city or wherever youre going this morning, at 10 17 there will be some brief delays there. Happening today, the Worlds Largest earthquake drill is taking place in San Francisco. This is part of
Up as opposed to a year ago. The president ripping china saying they cannot be trusted as trade talks resume in shanghai stocks are set to open lower g and p beats. And beyond meat tumbling a long tweet this the president hoping to weigh on futures today, quote, china is doing very badly, worst day that is the problem with china they just dont come through goes on to say, jim, if and when i win the election, a deal will be much tougher for them to get. Yeah. I have been saying the notion, that narrative that navarro was out or is not important is dead wrong. I interviewed the president back this the mid 20 0s he really felt that china was getting free ride. This is the china, no business, where is the soy bean buy, the machinery buy . It is outrageous that they agreed and they did nothing. I think the president s view this is what i was worried about. The president s view is we are going to put tariffs on 320 billion and if they start to play ball we will cut them rom reagan like. He h
On the corner of east 19th street and park avenue in oakland. It was painted with the help of clouds, friends. Cloud died at his oakland home last thursday. No word on the cause of death at this time. But on a facebook post, his mother says, quote, we may find out that overdosed x a deadly and tragically, but it was abundantly clear he did not intend to check out of this world, unquote. In National News tonight, the last former Minneapolis Police officer convicted in state court for his role in the killing of george floyd was sentenced almost 5 years in prison to was found guilty in may of aiding and abetting seconddegree manslaughter. Thao argued he was essentially a human traffic cone who held back bystanders in 2020 as officer Derek Chauvin knelt on floyds neck. Todays sentence will run concurrently with a 3 and a half year sentence he received for a federal civil rights conviction. Interest rates are now the highest that theyve been in. 22 years, the Federal Reserve bumped the rate