Contained. 80,000 acres of burned there so far. Cal fire is expected to give an update on the ccu fire any moment now. We are monitoring the briefing and will update you with any new information a bit later in the newscast. In the meantime, progress made by cal fire in the Santa Cruz Mountains may allow for people to return to their homes by early next week. More on that from ktvus jesse gary. Backfiring like they call it is under very specific conditions. We dont just use it for whatever. It is not just a random action. It is a very planned event that we use for the fuel. We bring that fire line to a safe area. Reporter late wednesday, cal fire cruise intentionally lit fires in the missive and make a brush fire, burning portions of santa cruz and san mateo counties. Firefighters are testing the viability, doing multiple controlled burns in the area bounded by l soil road to the south and how low road to the north. We want to contain the fuels between the control line and the main fire
Skeet to hit nearly the same time. Moon while a white house shakeup Kellyanne Conway giving up post starting next month her husband george step wage from antitrump organization as they both put the focus back on their family. They say. Markets this morning are rallying take a look at futuring with a triple digit move the fda announce emergency for plasma to treat covid19 and dow is up 370 points and s p 500 up 25. Markets finish in the green on friday, certainly the s p 500 seeing its longst winning streak this year with the s p friday up 11 points nasdaq up 46 and dow industrials finish out the week up 190 points on friday. Ticktock troubles continue Facebook Ceo Mark Zuckerberg reportedly still confused in washington about the chinese social media app. Missing these warnings months ago and it is the gops turn. The Republican National convention kicking off today. Housing urban Development Secretary ben carson will join me in the next hour with breaking news on his speech as well as o
We will have exquisite interview with the chairman and founder of Colony Capital, tom barrick. We want to check in on the markets. Jon is taking a look at the turkish indices and the turkish lira. Jon equity markets are down 5 . Not reflected elsewhere, you can see markets in europe fairly stable, the ftse outperforming, a third of 1 . There is a big move there. There is a 40 premium offered by softbank or that deal look looks like the ftse gets a nice little lift. Market, the turkish lira, a big move. Slightly stronger in todays session. But that riskoff tone not really reflected in the fx market, it is a weaker japanese yen story. We trade at 105. 62 on the session. In the bond market, this is where things get interesting. Last week, an ugly session for treasuries. Ields up 20 basis points again today, you see bond yields inching higher on treasuries. In the commodity market, slightly softer. 47. 36 is how we trade on brent. Alix there is news concerning lending club. Chiefk dunn wil
Lee. Good morning, susan. Good morning. Good to see you as always. Great to have susan with us. Lets get to the market action. Futures at this hour are pointing to a slightly positive open. But as you can see, its essentially the s p higher by 0. 2 . The dow just below flat. The nasdaq just above flat. We did hit alltime highs last week. Gains for the week, more muted. The s p and the dow up less than hf half a percent. Tech was the best performing sector after notable earnings. The tenyear yield, a tight range last week in and around 1. 55, 1. 6 and were in that range again now. 1. 587. Volumes for the week, hopefully coming back from vacation lets get the top corporate story. Verizon set to announce to buy yahoo for around 5 billion. Reports are that yahoo will no longer be an operating company. Instead, it will be a Holding Company for stakes in alibaba. Yahoo says marissa myer not expected to stay on after this deal is completed. At last, we think we have the deal and the announcem
Now we are turning to demographics. It was a fascinating recent survey that found the most common age for white americans was 55 and the most common age for hispanics is eight. You can see from that any step shut the way things are trending. I want to welcome to the stage karlyn bowman, senior fellow and Research Coordinator at the American Enterprise institute. And roy to share. Thank you so much, both of you for being here. So demographics, weve been talking about soviet politics this election to thats the underlying current, right . Lets start with the big picture. In your view, karlyn bowman, how is the electric they should going to differ from the electorate of four years ago for eight years ago or 20 years ago in terms of its makeup . Thank you to the atlantic for inviting us. Ruy, built at brookings. I met aei. We are working on this for about the last 10 years together under big report on states the changes available on all of our websites if youd like to look at the work weve