Devaluing chinas currency should make it easier for exporters to sell overseas. Last month, exports fell 8 . China is in the midst of its biggest economic slowdown since 1990. Google wants to become the Berkshire Hathaway of the tech world. Goal is reorganizing into a Holding Company called alphabet. The companys search and advertising units will be separated from new businesses such as self driving cars and health technologies. Each alphabet subsidiary would have its own ceo. That is a structure similar to Warren Buffetts Berkshire Hathaway. Larry page will be the ceo of alphabet. Negotiators have agreed on a deal for another greek bailout. Says only avernment few details need to be worked up or the agreement will give the greek 94 in loans. That moneys some of in the next week it has a payment due on august 20. It is being called a new front in cybercrime. Louvered news reporting that u. S. Authorities have broken up and Insider Trading ring that relied in computer hackers. Nine peop
Pulled together. Reporter that does not come without some risk. Some officers who have been helping out in fire zones have had to evacuate their own families. Officers are doing what they can. This park police spent the day collecting water and other supplies that they will bring to First Responders and other residences. What we asked to make sure that our firefighters are successful is to leave the area when you are told to do so. While fires are burning out of control in the north bay and more than one dozen people have been killed as firefighters ordered new evacuations. These firefighters are getting a state of Emergency Declaration from President Donald Trump. Tonight, at least that the people are confirmed dead and 2000 homes and businesses have burned. Thousands more homes are threatened from the fires that continue to raise two parts of sonoma, napa, mendocino, and lake counties. We are seeing even more homes destroyed by fires today. Our helicopter was over santa rosa today an
About 1500 feet. Lake county, Mendocino County and the east bay and north bay hills. There could easily be gusts up to 40. It is turning more toward the northwest and north. 70s. 10 20 humidity. Yesterday we had humidity up to 80 . Windsor from the north. 65 at hawkeye. Some of these are higher elevations. Atlas peak, north at 22. Humidity at 27 . There is a west at southwest wind at fairfield. Napa has south. Sonoma, north at 8. Its more offshore or northerly. Mount diablo has had some good gusts. 32 and 37 in oakland. The system the came through yesterday did usher in cooler temperatures. There is a northerly breeze but its not upwards of 40 or 50 Miles Per Hour for some. It could get over 20 or 25. The system came through. We will be on the drier side of that now. 30s, 40s and 50s. Hillsburg, you were in the 50s. We had higher clouds yesterday. The onshore push continues for some. Late port, 36. Napa airport, 56. When you get that north wind you could be on the mild side or no breez
Earnings will hit. David President Trump gave a interview with Bloomberg News. Among the things covered, his interest in bringing back glasssteagall. We are looking at that. There are some people who want to go back to the old system, so were going to look at that. We are looking at it right now, and doddfrank is going to be very, very seriously changed so the banks can go back to running lending money. David Kevin Cirilli is with us to put his comments in a broad perspective. He did say he is looking at this. How seriously is he taking that . Is this a priority . Kevin no. This was a great interview and this was in line with what President Trump said on the campaign trail. The conservative and democratic bases of both parties we have seen this rhetoric of reinstating glasssteagall frequently. That said, people like Elizabeth Warren, the way they went to implement making up the big banks is very different. Democrats want to have more regulation. Republicans are advocating to provide in
At 12 45, dallas fed president Robert Kaplan speaks. At 1 10, President Trump will be in miami to discuss changes he is making on the u. S. Restrictions to travel to cuba. He is tapping off quite a week for his administration. Here is kevin cirilli. I do not know where to start, cabinet. Why dont we start with the investigations . What is the latest . Should we be focused on it quite as much as we are . Kevin the white house will say no and a democrats will say yes and i think that answers lie in the middle. Isht now, the administration pushing back hard against the notion that a shoe is about to drop in terms of the investigation with the russian probe and they feel adamant there is not enough evidence for that part the president s personal attorney, Marc Kasowitz , is pushing back. There are allegations. The fact of the matter is until the investigation and the probes are put forward and made public month they will keep having these types of problems. Keep havinghey will these types