Swan number three, hurricane zeta. We will show you exactly where it is right now and how its crushing oil, natural gas and energy stocks. At its lows the Dow Jones Industrials had fallen 908 points. So when you combine that with the previous two days, thats a drop of more than 1700 points. The s p 500 and the nasdaq are also struggling hard right now. We have the s p down 94, the nasdaq down 332. Look, now we see octobers gains wiped out for those two indices and oil getting crushed in the aftermarket session, down 5. 25 . We are now at 37. 51 a barrel. This is not helping, either. Three tech giants, facebook, twitter, alphabet google, adding to the nasdaqs woes. Their shares hammered as their ceos faced congressional scrutiny from both sides of the aisle during a very contentious hearing on capitol hill. We are about to show you the key moments and then our tech panel, top guys in the industry, will translate what it might mean for the stocks. Will the renewed lockdowns invite a supp
The city with 50s and low 60s yesterday. 5357 at livermore and san jose. Today upper 70s and low 80s. After today, we settle in about where these temperatures in the. The south wind at Oakland Airport. Fair followed fairfield a 26 miles per hour. A pretty good fog bank and i dont think it is going anywhere anytime soon. Temperatures will be low and probably will be for the next few days. Now lets go over to allie. Where would you like to start . We are going to start with the problem spot for much of the morning, i should say. The earlier crashes have been cleared out of the way, but you can see traffic has cleared northbound and southbound 600 80. Looking at the south bay commute, things look good and i can show you this live picture of 280 in san jose northbound and southbound, no problems to tell you about here. This is the san mateo bridge which is busy in the westbound direction over to the peninsula. The bay bridge toll plaza has been good for most of the morning. This is about i
Facebook falls, users are spending 50 million hours a day lesson the social network and happy about it shares set to open at the record. Its a huge day for tech earnings, mike soeflft, alphabet and amazon, all on tap after the bell. Futures signal a sharply lower open obviously a whipsaw week so far. Facebook is the top story. Up in the premarket, the social network post better than expected forecasts and increase in ad sales despite the time spent by Users Falling by 50 million hours a day. Mark zuckerberg last night on the earnings call. The most important driver of our business has never been time spent by itself. Its the quality of the connection and thats why i believe this focus on meaningful social interaction is the right one. The first ever quarter on quarter dau decline in the u. S. And canada they say its not a trend. They say its not a trend i think youve got to believe. The market probably doesnt believe in them because this thing is selling at a multiple almost the market
The dogs on the street well tell you if theyre worth taking home. This tailwagging edition starts right now. Who let the dogs out welcome to power lunch. Im melissa lee. Well have nasdaq on track to break a twoweek losing streak, take a look at the gains the dow is up by about 9 points, s p by 5, nasdaq by 25 oil seeing a bit of a bounce, lifting shares for a change. And look at bed bath and beyond shares theyre plunging today. In fact, a sevenyear low down almost 12 and fast food giants mcdonalds and yum brands at high numbers court. Thanks, melissa for the First Time Ever the Affordable Care acted has topped the 50 . Again, once you give people something, even if they dont like it, its hard to take it away Kayla Tausche has the latest. Call it the art of the Health Care Deal part 2 the expectation is that the president , much like he did with the house version of the bill will now take matters into his own hand i just spoke with the principal debt secretary Sarah Sanders repealing an
Extending lead over donald trump but private email server back front and center after clinton says she does not recall information 20 times in written answers in a lawsuit over her emails. A headache for travelers to report a computer outdrainage United Airlines, delayed hundreds of flights and causes long lines at airports across the country. Things seem to be back in order now. We have the latest for you. Samsung takes new action to get recall phones out of users hands, now airlines are adding fire containment bags due to threat of overheating phones on flights. Got those details coming up. Investors highing banks this morning. Jpmorgan, citigroup and wells fargo. Take a look at what we are looking at right now. Future indicating higher opening. Nasdaq also in positive territory. Later this morning we will get the september reading on retail sales. Thats an important one. It does typically move market. In europe chinese inflation lifting markets there. Including in asia, take a look.