Ecommerce the big baba breakout. We start off with the end of an era. Exxonmobil getting booted from the dow after nearly 100 years in the index exxons tenure as the longest serving dow component comes to an end on monday when salesforce takes its place. Exxons removal from the dow is nothing less than a remarkable sign of the times. Just seven yearsago it was the largest publicly traded company in the United States since then, shares have been on a steady decline exxon is down more than 40 in 2020, on pace for its worst year ever so is exxons removal from the dow a sign that big oil is dead money . Guy adami . I think so. Its something weve been saying for a while. I think they finally came to the realization that the worlds changed. Energy is not nearly as on the to the u. S. Economy as it was a decade or so ago i guess we have to make a choice between chevron and exxon. For whatever reason, im sure they obviously have their reasons, they picked exxon to remove i think exxons been in
It. Of we have been watching what has been going on on the louisiana coast for the latest headlines on hurricane laura, that has preoccupied people. Here in europe, also waiting on the latest developments from jackson hole. Just as we see laura weakening to a category three hurricane, although we know they can still linger it still do damage. Tom 120 Miles Per Hour maximum wind, but the landfall of 160 was extraordinary. The shape of the storm has changed as well. With our first word news in new york, here is ritika gupta. Ritika good morning. It is one of the most powerful storms ever to hit louisiana. You were just discussing hurricane laura, it made landfall near cameron, louisiana with maximum winds of 150 Miles Per Hour, plus there is a threat of a catastrophic storm surge and flash flooding. There is concern that damage could leave areas and uninhabitable for months. It will also shut down a third of the regions Refining Capacity. Winds have died down but laura is still a categor
Bay this afternoon. Mid 60s along the coast. Were starting off the day because of that onshore flow, that better air quality as well as foggy conditions and even some patchy drizzle along the coast ride around the bay this morning. Well talk about a little bit of a change for tomorrow. Details on that coming up. Lets check in with gianna for a look at traffic and the latest on the slow ride on altamont pass. Supercommuters out of tracy getting on to 580 and as you work towards that north flynn exit. Thats the bulk of the delays this morning. As you head along into the altamont pass, 38 minute drive time westbound 580, 205 over to et good ough in both directiore just a little busy south of there on 680 through the sunol grade. We are monitoring these brake lights along the nimitz freeway. South 880 still struggle this morning. Slow from 92 all the way down to fremont boulevard to clear an accident right at that exit. Developing in oakland, cleanup is underway this morning after protests
Laura. Jim, one of those every now and then we get a day that is truly consequential and that certainly fits at least the expectations for powells speech. I wish that we hadnt come in so hot when you have a company that gains 50 billion in one day, salesforce, when you have a tremendous number of nasdaq stocks that have just kind of out of control to the upside you dont want to have anything that could disrupt that i think its heightened, im glad were covering every minute of t david, you know that this is a day that we would normally be talking about abbott labs and talking about the mysterious tiktok mayor issue which are both huge stories but we have to defer to jay powell. We do we have to defer to powell we have to continue to understand what the fed Balance Sheet will look like with that 3 trillion thats been added to it which is a staggering sum, guys jim, your point is well taken. Yesterday salesforce i have rarely seen anything like that move, yes, they were extraordinarily st
Plus the bay area county making an impassioned plea for people to wear masks. Also i feel 100 comfortable sending my kids back to school with safety precautions. I desperately miss my students, and i missed them all spring, but we also want to be safe. So whats the right answer . The question so many families and teachers are struggling with. Tonight more difficult decisions were made. Good evening and thanks for being with us. Im raj mathai. Parents and teachers are getting a lot of mixed messages. Is it safe to return to campus . Tonight San Ramon Valley unified joining several other School Systems by keeping students and teachers at home. Is it the right decision . Nbc bay areas Sergio Quintana is at district headquarters in danville. Reporter this is a decision that comes after lots of deliberation. There are plenty of parents, students, and teachers that are breathing a sigh of relief. But there are some people who had been pushing for students to return to class five days a week.