Good morning it is 8 00 a. M. At tesla headquarters in palo alto, california it its 11 00 a. M. On wall street squawk alley is live good Tuesday Morning im jon fortt with Carl Quintanilla back again it is a busy day on wall street with the dow hitting an all time high making another run at 30 k. That comes as president elect joe biden is reporting tapping former fed chair janet yellen to run the treasury department. Tesla is continuing the record run now topping half a trillion dollars in market cap. Making elon musk the worlds second richest person on paper and apple making another concession, carl on App Store Fees a lot going on yeah. We talked about that early moving being the small crack that starts to widen as for tesla, i mean, whether its some of the reports about a hatch back in europe or longer range vehicles or just enthusiasm over the ev space as we gheet into a Biden Administration on top of the gm news yesterday, jon. So there is a lot happening in the ev space and then m
And well obviously were still in the midst of some of them looking at her views behind me you can see skies are pretty gray overall. In fact some areas are looking at some dense fog, especially right along the coastline. This is your Half Moon Bay view right now definitely a wet roadway out there along highway one just as the rest of the bay area seeing. And youve got that fog a marine layer that is pushed in right along the coastline, what youre seeing in the speckled green those are drizzly areas a product of some of those low clouds that have pushed in across the region. Some of our rainiest of sponsor actually sitting further south in the bay area. We have been seeing showers around fremont those really cleared out moved southward now and now youre looking at a heavier band of rain right around san jose to alum rock. So if you are traveling in the south bay, not only is it wet from last night showers like the rest of us are seeing that youre getting some additional rainfall on top
Oracle has a copyright to the computer code, but not a patent. That means that the public, not oracle, has the right to these functions. Oracle cannot leverage its copyright to create pattonlike rights. Specifically, under the merger document there is no copyright protection for computer code that is the only way to perform those functions. Java Software Developers have the right to use certain commands to create applications for googles android smartphone platform. The commands require google to reuse an exact set of code from java se. Because there are no substitutes oracle is claiming the exclusive right to not merely what the declaration is saying, but what the declarations do. That is not a copyright, it is a patent right. Respect to fair use, the longstanding practice of reusing code is write the developers to millions of creative applications that are used by more than one billion people. Those policy questions are academic, the issue is not whether this court would find fair us
Targeted aid maybe, perhaps as much as 25 million for airlines we have details on that. Later, a democraticled house panel calling for a crackdown and breakup of the countrys biggest tech companies. The chair of the antitrust subcommittee will join us later this hour as power lunch starts right now tyler, thanks welcome to power lunch. Im kelly evans. Were digging through the fed minutes just released. In the meantime, take a look at whats leading the rally its consumer and consumer discretionaries. The house panel is going after big tech its a mixed bag but apple and amazon both up more than 2 . With markets rocketing back after the late day drop we saw yesterday, stimulus back on the table. Bob pisani has more on what were seeing here. In fact, were at the highs for the day. Were on light volume again. The volume tends to be lighter on up days than down days recently thats a sign the pain trade is to the downside. Sectors tends to be the cyclical names here banks, industrials, materi
Higher fire danger yet again we may be. Well into fall now, but as we know in the bay area that doesnt mean youre out of the woods as far as the fire danger is concerned especially not this week. Us clear skies all across the bay, San Francisco east bay looking beautiful, it is a lovely start to the day. I hope you get out there enjoy the cooler temperatures. Well weve got them, we are already in the midst of red flag warnings those took effect 05 00am this morning for the Santa Cruz Mountains all of the inland east bay and pretty much all the north bay aside from the immediate coastline. Winds will begin to gust as high as 45 Miles Per Hour, especially into the evening tonight thats when these winds really going to start picking up even more so already breezy for spots in the north bay by the afternoon even breezier yet and then come the middle of the night vacaville outlets p calistoga winds 2030 even 40 Miles Per Hour. Regularly for your gusts peak, wind gusts could amount to 50 mil