We begin this morning with dozens of raging wildfires that are wreaking havoc out west. Three firefighters in Central California were hospitalized for injuries as crews rushed to rescue people trapped by flames. Officials are urging thousands in oregon to evacuate as unprecedented wildfires rip through the state. In fact, its getting so intense, firefighters are even being urged to leave some areas. Hurricaneforce winds are making it hard to combat the outofcontrol wildfires in washington state. So far at least 330,000 acres have been scorched. That is more than what burned in each of the last 12 fire seasons. Danya bacchus is in tollhouse, california. Tell me fire crews are working to get an upper hand here. How are they dealing with the fires . Reporter good morning to you, annemarie. They are working around the clock, nonstop to try to get these fires contained. Unfortunately, it doesnt seem to be happening yet. In fact, firefighters saying that they do not expect to have this creek
Arraignment this week. Shes facing charges of allegedly luring young girls for sex. In pit lane, eight cars crashed as they came in to fuel up during nascars brickyard race. One crew member suffered a leg injury. The race was delayed about 10 minutes. Those are some of our top stories on this monday, july 6th. We do say good morning on this day after the Holiday Weekend. We do begin this half hour with the growing struggle to curb the coronavirus spreading across the country at an alarming rate. As infections surge from coast to coast, large crowds turned out to celebrate the fourth of july weekend with many people failing to wear a mask or keep their distance. And there are new figures on just how much people of color are disproportionately impacted by the virus. The New York Times reports that black and latino americans are three times more likely to be infected than their white counterparts, and nearly twice as likely to die. Abcs alex presha has more. Reporter as several states are
Measures of the Federal Reserve is leading the way, after spending trillions buying Mortgage Backed securities, corn rat securities, Treasury Bonds all that sort of thing this is another arrow in its quiver that is not really been explored or to my ive been following these bites here, even explain what a main Street Lending facility will be, but the very talk of it did bring us off our lows. Again, just throwing that out there as one of the reasons why we dipped from down about 280 points to now down about 180 points. Lets get the read in the meantime about the worries for the Market Going Forward here, and that will be in another couple of hours or so, the president outlining his plans to respond to china, presumably on this crackdown going on in hong kong and throwing in their concerns the president has about how the chinese handled the coronavirus, something is up which has a lot of stocks that depend on trade with china down. Blake burman with the latest. Hey, blake. Reporter hi th
Jobs falling by almost 3 million but much less than what economists were expecting. Coming up on todays show, as more companies address the rising tensions in america, well seek with ursula burns, the first black ceo of a fortune 500 company, about how Business Leaders can work for real equality and change. Well Talk Solutions with her. Plus the ceo of etsy will join us to talk about what his company is doing to address societal issues and how the coronavirus has changed his business the big stories we are watching in this final hour of trading, as we look at session highs, mike santoli tracking the market rally. Leslie covering boeing and more on the vaccine front. Mike, start us off with another day and another big rally. A big one this was a day it seems you had a lot more people who decided they had to quit fighting the rally. An acceleration to the upside. Take a look at a oneyear chart of the s p 500 weve been talking about this in here, 3,130 the number. Weve been pointing out t
6 00 here are the results just reporting. 2. 53 a share. A penny above estimates. Just short of 27. 52 billion here are the keys for Guidance Company now expects sales to grow by 1. 8 the previous guidance was 2. 3 1. 8 versus 2. 3 comps are 3. 5 previous guidance was around 4 . Lets bring in senior analyst. So the Forward Guidance is below where it was previous . Yes quickly looking at these numbers, there was a sales miss in the quarter also lowering guidance for the rest of the fiscal year. Sales guidance Sales Guidance. Im not sure whether that is a total company or domestic. The street was around five that is a point and a half the street is a full point above where the company had guided the company had guided four. For the quarter ill look at the quarter first the street was around five for the year, the company had previously guided for four they missed roughly a point, point and a half in q 3. They are taking guidance down about 50 basis points. The real message here. It is a