Difficult to figure out the overul direction where stocks are going to go. The dow finished down 45 after being down as much as 184 points. Nasdaq lost. 49 percent. Sometimes the stock market reevaluates the entire basis of companies we follow because of one metric. The metric of oil. You know, i have said to you over and over again we should never underestimate the power of the market to do stupid things and the most stupid is a rally based on the price of oil, which is exactly what we got when the averages uturn pretty much in sync with the uturn it crude. No matter the largely companies that would be better off if oil fell. Weve come to accept this loon ascy as gospel. But thats not the nutiest part of the stock market right now. I think its the kind of weird back and forth were getting of some of us Largest Enterprises thats really driving us craze crazy. The stock of the wells fargo after last nights resignation of ceo john stumpf because of whats now widely regarded as a massive
Sometimes the stock market revaluates the entire basis of companies. We follow because of one metric, the metric of oil. You know, i have said to you over and over again we should never underestimate the power of the market to do stupid things, and the most stupid is a rally based on the price of oil, which is exactly what we got when the averages uturn pretty much in sync with a uturn it crude. No matter that the leaders of todays market were largely the companies that would be better off if oil fell. But thats not the nuttiest part of the stock market right now. I think its the kind of weird backandforth, intraday revaluation were getting of some of us Largest Enterprises thats really driving us crazy. Theres no better example of a revaluation and then frankly a rerevaluation than that of the stock of wells fargo after last nights resignation of ceo john stumpf because of whats now widely regarded as a massive multimilliondollar now, at first in after hours, the market cheered the el
By noontime still mostly cloudy, 50s and 60s by the afternoon. Breaking out into sunshine. Theres a raiders game tonight and a niners game this afternoon. We will have the forecast for that. Talk about a dry and warmer start to the work week. Thats coming up. Carolyn. Lisa, thank you. We begin with developing news out of San Francisco. Police are investigating the death of a man hit by a car at market and delores streets. It happened last night just before 11 00. Witnesses say the victim was on an island, not in the cross walk when he was hit, and had a cane and roller bag with him. He died at the scene, despite efforts by bystanders to survive him. The driver is cooperating with police. And developing news out of walnut correct. Police have arrested a man believed to be involved in a possible shooting on 680. Our media partner at the east bay times reports the man was surrounded in walnut creek bart station after leading police on a chase through pleasanton, san ramon and danville. We
Death of a man hit by a car at market and delores streets. It happened last night just before 11 00. Witnesses say the victim was on an island, not in the crosswalk, when he was hit. He had a cane and roller bag with him. He died at the scene, despite efforts by bystanders to survive him. The driver is cooperating with police. And developing news out of walnut creek. Police have arrested a man believed to be involved in a possible shooting on 680. Our media partner at the east bay times reports the man was surrounded in walnut creek bart station after leading police on a chase through pleasanton, san ramon and danville. Traffic was at a standstill in the area for hours. Officers were investigating a report of a freeway shooting when they spotted the alleged gunman. On the campaign trail, donald trump was rushed offstage in reno last night. The secret Service Claims someone shouted gun at the rally. They arrested a man, found no weapon. The man was released and not charged. The man late
Anwith the city on newbnb, commonsense home sharing rules. To help protect affordable housing, weve launched a one host, one home policy. So hosts may now only rent space at one address in San Francisco. And we want to Work Together to improve the citys permit system so that its simple, fair and effective. Together, we can make the new rules work for all of San Francisco. Good morning, everyone. Im Carolyn Tyler. Thanks for joining us on this sunday, november 6th. Lets start with a quick look at the weather with our meteorologist, lisa argen. Good morning to you. Also a lot of cloud cover were looking at from live doppler 7 and there has been some showers, some mist, some drizzle and pretty low visibility. Were taking you down to santa cruz where it is 56 degrees, going for a high today in the upper 60s with a little more sunshine in the south and also the central coast. 59 in the city, its 57 in gilroy with 60 in mountain view. And from emeryville its a gray start. Youve had some mist