darya good morning im darya folsom. mark danon. Lets start the morning with a check of weather james warmer weather kicks in today and continues through the rest of the week. Early in the morning were starting cool with temps in the 50s and 60s and minor fog at the coast. By mid morning temps will rise into the mid 60s for many. Daytime highs will peak around 3 00 pm. Expect low 90s inland, upper 70s to low 80s by the bay, and low 60s at the coast. Temperatures will spike tomorrow with 100 degree readings in a few inland spots, but not widespread enough to trigger heat advisories. Similar outlook for friday. Temps should come down a few degrees by the weekend. Sunrise in San Francisco is at 6 09 am. Sunset is at 8 23 pm. Dont forget you can always get the latest weather updates and traffic alerts with the kron4 app. Download it for free for apple and android devices. No major hot spots. Bay bridge wb 80 is less then 30 min from the maze to sf. darya a San Jose High School employee is i
Half months. Almost a sign the market is too expensive . Well debate. A buy recommendation today. Yes. That helps. Timely. Yes. And this you probably have seen it, the shocking video after this United Airlines passenger being removed from an overbooked flight, just chosen random randomly to be taken off the flight. Response from yuunited and whetr bad press for airlines is a problem for airline investors. Crazy, cia zrazy story. But we begin with oh, and we may have a surprise guest today as well. Stick around. Thats all ill say about that. We begin with a new report of wells fargos fake account scandal. Additional clawbacks from the former ceo and Top Executive. Working this story heavily today, youve done a great job on it. Give us the latest now. Thanks, bill, so, yes, the headline is that most of the blame is being placed on former head of the Community Bank who was fired for cause and made to give up an additional 47 million today. Though the lawyer said we disagree with the repor
Lets look at that stock, nosedive here. Were deep in the red. Triple digit losses as brian mentioned on the Dow Jones Industrial average, down by 165 points. The s p 500, off the session lows by four points or two, 22 points the loss. Nasdaq feeling it down, down 1. 3 . Apple, a bright spot on the nasdaq, helping that index. Biotech down big time. It is down by 3. 5 . And, again, as we mentioned, apple is holding up. We should note too that telecom in terms of s p sectors, the only one in the green. Thank you very much, melissa. Good afternoon, everyone. Welcome. Im tyler mathisen. Here is what else is happening at this hour. The Supreme Court hearing the arguments in the long running patent dispute between apple, which had won at the lower court level and sam susung. Small Business Optimism taking a dip ahead of the election. Well have more on that in the next hour. And Tropical Storm nicole expected to strengthen over the next few days, could become a hurricane by tomorrow. Meantime,
Complicated chemistry. Shares in actelion hit bottom of the stoxx 600 as a report suggests the swiss biotech firm is considering a deal with Johnson Johnson that would allow it to stay independent. No liftoff for lufthansa. Shares sinking lower after the german airliner faces a setback in the courts in its bid to block yet another pilots walkout. You just saw steve there. Well be crossing straight out to him now. Opecs Technical Team is said to have failed to agree to details of an oil output deal. Those reports are having a knockon effect on prices. Slightly lower. Not a huge reaction but pulling down a tad. Off shy by a percentage point. Steve people are saying the market is pricing in were not getting a deal this time. I would probably disagree with them, which is not a rare occurrence. I think the market is beautifully priced to go either way. Lets look at the recent history. Doha failure earlier this year, algiers, a degree of success in september. When the market didnt think ther
Two categories. Interest on the federal debt and mandatory payments on entitlements. That doesnt leave a lot for public investment. And clearly does not drive private investment. Working on shortterm activity right now and monitoring very closely. You are following the economy right now which is you suggested is doing very well and yet i think a lot of us would disagree. On one quarter hardly seems appropriate. Even its trouble or double or even triple we will not grow our way out of our crisis that is upon us. I would like your thoughts because were looking at areas that if we want those jobs to come back and if we want wages to rise, we will have to be in a position where we actually grow this economy once again. Policy, regulatory reform. Actually managing our entitlements, all of which seem critical and yet today we have not talked about that at all. We dont really seem to have a place where we can. Can you as an impartial individual in this process who watches the economy grow or