Points, s p is now down 17, nasdaq is down by 18. A couple things going on. First and foremost, last day of the quarter. Just to give you a sense of whats going on with the markets, obviously the s p for the quarter down about 19 . Thats as we were going into today. The dow down about 22 as we were going into today. Now, if the dow closes at about 22 lower for the quarter, this is the whole First Quarter of the year, we havent seen that kind of low for the dow since 1987. The s p 500, again, down 19 and that would have been a level we had seen back in 2008. Theres a lot of things going on right now. Obviously we are looking at potentially an economic contraction, if you will. But some of you are saying this might not necessarily be permanent but its something certainly to watch. We are going to get the adp number tomorrow at 8 15 a. M. Eastern time. Lot of layoffs going on. Obviously we are going to keep pounding on investor psyche with all the industries furloughing workers during the
High wind watch. Those are wind gusts as high as 30 Miles Per Hour. Where there is rain there is also snow. The sierras are expecting another dumping of snow. With they could see several feet of snow there. We will talk more about that and how long that will last when we come back. Amid the cold water whether a body was discovered in el cerrito. The person appears to have died of exposure. This morning the low temperature in el cerrito was 40 degrees. Daytime highs broke records in San Francisco. It never warmed past 48 degrees. Local stores are stocked and ready to help keep residents warm. Summers gone and winter is here. That is all i can say. Reporter Michelle Owens runs an ace hardware store. It she noticed it was colder over the last few days. I was coming through the caldecott area and there was rain and snow everywhere. Reporter no snow in oakland but people are coming in looking for one thing. Heaters. I guess we are out of them this year because we had a long summer. Everyone
Good afternoon, everybody. And everybody who is looking at us virtually and everybody in the security line trying to get in and everybody who will be watching us sometime soon on a cable network. I am jane harman, president and ceo of the Wilson Center. Today we are probing a complicated issue that is bedeviling policymakers all over the world. At least three parts of the china, and the u. S. , the 5g supply chain. Produced, center has at me get my prop, this is spectacular policy brief by melissa. There is moreled, to worry about then while way. I think you get the gist of this. Walk to get this and read it. Meanwhile what captures the attention around 5g is the china has developed superfast networks which will power edge technology. Since Chinese Companies are required to comply with information request from Chinese Intelligence Services, officials are concerned companies who want to incorporate this Chinese Technology will and up compromising their data and data of their users. Beer
Your money, your life, your future now becky quick. We begin with a blended family thats when one or both spouses bring at least one child from a previous relationship to their new marriage and as Sharon Epperson reports, for many step parents, combining families and finances can be particularly challenging special blend is this weeks cover story. At first glance, ronnie and lamar are a typical family they own a Media Company and live outside of atlanta with their four children. The two got married 14 years ago. It was basically love at first sight for lamar. For ronnie. They are blended. A couple that joins together with the children from one or both of their previous relationships. Ronnie already had two children before meeting lamar the couple had the youngest two after they married it kind of blindsided me. I wasnt intentional about what does this mean for me, my husband, for my kids navigating the complexities of a blended family can be difficult enough so couples often put off ha
More on the case that started tuesday. And who is laughing now . Netflix cofounder Mark Randolph says blockbuster left at the companys original movie by mail service. We will hear his latest thoughts on streaming wars and tech culture. First, it finally happened. Wework is pushing back its ipo. What was once one of the most anticipated debuts of 2019 is now postponed to october. They are looking to calm doubts. At this was the post to be a 47 supposed to be a 47 billion company. Now that number is about 15 billion and perhaps smaller. Joining me to discuss, phil haslett. And, in new york, crystal tse, who has been covering this troubled ipo. What was the problem today . Is it valuations, financials, or governance problems . All of the above. The simple answer is they have a lot of things to address before they can go to the investors again and ask them for their money. They were looking for a 47 billion valuation, and now we are hearing it could be as low as 12 billion to 15 billion. T