Reaching the highest rate since november we had here to discuss all of that, charlie gasparino. With tom sullivan as well. What do you think of that . I dont think it is an indicator housing is doing better, i think it is just the opposite. People are going i cannot sell my house, 20 of the people are still underwater, saying we might as well fix up the kitch kitchen. I agree. Melissa what about Home Construction . Things are getting better, they couldnt get any worse from where it wasnt 2008, 2009. Melissa that is new homes. But we are not anywhere close to the levels we were in the past. Still a lot of inventory of housing out there in florida and places like that where you have the housing. And i could never understand why people thought home depot doing better meant housing was improving. I would look for more improvement in multi Family Housing and commercial construction rather than singleFamily Housing. Home depot we did a cover story in april up 14 . A lot of earnings. Why is t
Pass the conquered the portions highway for right now been detected by a little bit of light rain dry weather San Francisco and somewhat roadways in parts of person area and the the space and manager of dealing with to sprinkle same thing for harcourt approaching toll plaza Cemetery Ridge looks like were still dealing with little bit of light bring jobs and the menlo park area mainly the extent of it and take a look at the wider view satellite radar you see this continues to work its way east rain headlines show that we will see rain for the next hour or so with the rainfall total past hour we see portents of an inch in San Francisco quarter of an engine oakland area and future tests for coming up next report rain falling in the check out the tx 01 quarters in a fall. along saw one wont 42 to 580 and you conceive just a little rain coming down it sexually led up a bit in the last halfhour or so that your 4 00 this morning traveling down 1 1 4 from the bottom out soon center fell and co
Apparently there are not enough people there to buy their products. Others having second thoughts about making Big Investments over in the worlds most populous country. First to sue at the new york stock exchange. We will start with the raging california wildfires. Just a few miles east of los angeles. Governor brown has just declared a drought state of emergency. More on that in just a moment. Some 1800 acres have been scorched, more than 1,000 firefighters are on the scene, and governor jerry brown is expected to speak any moment now. Heres the weather channels julie martin. Reporter the good news is the colby fire did not spread overnight. Firefighters worked around the clock to contain the fire and put out hot spots. It still stands at 1700 acres, about the size of two central parks, and as far as containment, about 30 . However, the Incident Commander on the scene tells me he does expect containment numbers to come up today, though it will still be a few days before full containme
Good morning. Flash flooding this morning in several locations in san jose right now. Look at the pictures. At least one driver trapped. Power house front blasting through. Some areas are getting a break already but we are not done yet. There is a long way to go. Weather is playing a role in the growing number of crashes. One crash in oakland is deadly. Ktvu channel 2 morning news continues. Good morning. We want to take you back out live to highway 24 this morning. A huge scene. A fatal crash most likely because of the weather. The wet roads out there and now that will slow traffic down there as the Investigation Continues out there. Highway 24 the coroner is out there as well. So that part of the roadway will be closed as sal mentioned for quite some time. We are watching a lot of weather related incidents around the bay area though so stay with us. It is friday, february 28th. That is the good news. At least it is friday. Yeah. And you want everybody to give themselves extra time. I
Companies, and more. Also asking the asset manager where he is investing. Health care is a big part. Details to follow. We will get you down to the sea d. C. The Obama Administration not renewing its cut contract. Ther cook with me now with change. First of all how much money is at stake . This contract was worth as much as 300 million. The company is out after one year and 90 through one million 93 million. You that the administration has not been pleased with those efforts to fix the problem. They won this contract in september 2011 to be the main healthcare. Gov. Certainly nothing as big as this. Its main job was to build the websites front door, a door that did not work very well for americans trying to sign up in october. Some of its top executives were grilled on capitol hill. Is turning to this new company. It has handled the rollout of californias exchange, covered california. That site has operated pretty well and the administration hoping for the company to do the same thing