Prepare to release a scathing report targeting apple, amazon and others well let you know what they are upset about on this thus, octoberthus, october 6. This is Worldwide Exchange. Good morning, good afternoon or good evening and welcome from whenever in the world you may be watching im Brian Sullivan here is how your money and the Global Markets are setting up their day. Stock futures are not doing a whole lot, dow futures off about 63 points. The major averages all coming off a winning session on monday, the dow surging more than 400 points to cap off its best day since mid july but watch the small cap, once again they outperformed, the russell 2,000 up nearly 3 for its best day in months, and dont tell anybody, but small caps on straight for a fourth straight positive session, first time that has happened also since midjuly and there is a lot to focus on outside of the president s health you have 17 fed heads speaking this week. Jay powell will speak today, and then you have 16 oth
To you. Thank you for joining us. Im marcus washington. Well have a look at that commute coming up in just a bit. First lets start out with the forecast. Its a terrific tuesday, kari. How is it looking out there for us . It looks pretty terrific today. Its going to be a little bit cooler as we take a live look outside in san jose. Were starting out all clear here and our temperatures in the upper 50s will lead into some upper 70s by lunch time if youre planning on heading outside. We are going to see some of our high temperatures in the low 80s for the south bay but some upper 80s for the south county and well see a few spots still reaching into the 90s today. Ill talk more about this and also a chance of rain in the forecast for the weekend coming up in a few minutes. How is it looking for the Early Morning commute, mike . Kari, its early, like you said, so fewer cars. Theres one problem, though, i see slowing in oakland. In comparison to the rest of the bay, youll have the green sens
Hedge. Our next guest says that apple, netflix, and facebook are recession resistant. Were joined by steve malonovich first. Its been up and down m micron had a tough number. But tech is holding in yeah. I wonder i mean, where do you think how would you characterize sentiment right now if not on tech than on faang alone . We actually did a survey earlier in the week. And on tech overall, investors are moderately bullish for the quarter and next year. However, theyre much more balanced on faang. Obviously with the regulation concerns there, there are some worries about faang. For the most part, the big cap tech names are holding in. I got a question for you on sometimes faang member apple whose headline is out about them this morning suggesting that iphone 11 demand is better than expected but ive got two buckets of concern about apple. Im hoping you can adjust. On the near term side, it has to do with supply because of the looming threat of tariffs december 15th. Might apple be orderin
To help. And more on why thats happening coming up on kpix 5 and streaming on cbsn bay area. Leering fromming the mark hopkins camera at the city this morning. It will be a lot cloudier day. You will definitely notice it if you live in San Francisco or along the bay bridge. Along the peninsula its going to be a nice gloomy cool day for us and where temperatures arent going to warm up too much more for our friends in San Francisco. Right now at 56 degrees and later this afternoon well continue to see 60s just in that area. 60s right now in concord and 59 over in oakland. Now widespread throughout the bay area, weve been talking about this recordbreaking heat just to the south of us in southern california. But here today, were all sitting below average. Whether you live near antioch, napa, even over into San Francisco, today is a cool and cloudy day for us for our tuesday forecast. Well continue to see that trend for tuesday and even wednesday as well. Theyre still dealing with well abov
Thousands of city workers in san jose could vote to go on strike this week over failed contract negotiations. We have details on their demands. We have breaking news we have been about. We will start with the four alarm fire in San Francisco i just mentioned. Justin andrews live at the scene in the hayes valley neighborhood. We know there are still some hotspots. What else is going on . Reporter this fire broke out just before 6 00 this morning. Crews are still out here on scene putting out hotspots and monitoring this thing. Keep in mind, they will be out here for several more hours. Take a look at what is left of this building after this fire broke out. You can see the debris. A lot of fire crews are still out here. I want to call your attention to these fierce flames. You are looking at this fire during the height of it does flames were gnawing right through this building that is under construction. This is at the intersection of octavia and oak streets. This is the main thoroughfar