Along with kelly evans, im Tyler Mathisen stimulus hopes, the s p reviving overnight. But what about investors are their hopes a little too high this deal is going to get done well discuss that one plus, check out chip maker xilinx upping 14 . Well look into what could be a Seismic Shift for the semis. And jim cramer will lay out his seven sectors of opportunity, including his best picks in the restaurant space as power lunch begins right now. Tyler, thanks. We begin with new developments on stimulus negotiations a short while ago the president tweeted that covid relief negotiations are moving along, go big and reportedly raising his offer and maybe even raising it again ylan nmui, give us the latest. The question is is it big enough they will present a 1. 8 trillion offer to nancy pelosi this afternoon thats still 400 billion less than where democrats are at. Economic adviser larry kudlow said that would include aid for the airlines, direct checks and ppe and mentioned extending hanes
Traffic. Ill take you to the centra valley and check on speeds on 205 and 580. So seeing red fillin, 35 Miles Per Hour on 205 and it is not terrible and nothing blocking but expect the usual crawl and as mike mentions we have fog. Golden gate is looking socked in. The zipper truck has been through so you have plenty of room on the southbound side and chp did issue a dense fog advisory around midnight. So want to drive for conditions. We have breaking news just into the abc 7 newsroom, the Britain Ambassador to the u. S. Has just resigned. That announcement coming from the u. K. Foreign office. His resignation come after diplomatic cables were leaked and published in a british newspaper showing that he called trump insecure and incompetent and described his administration as dysfunctional and inept. The President Trump responded saying he wouldnt work with him and a resignation later today and he said his departure is the responsible course. New details on the viral video that shows a S
Pounds of cocaine heading to the u. S. Were talking to the men behind this daring raid. Enormous explosion. The new video of this Kentucky Fried Chicken leveled. How everyone survived. The investigation under way. The world cup champion robb big night at the espys. How her wedding ring and key to new york city were stolen right out of her hotel room. Paradise pics or toxic selfies. The instagram hot spot. Youll never guess where these photos were taken. Good morning, america. Hope youre doing well this friday morning. Great to be here with amy and cecilia. Great to be here with you both too. It is a busy friday this morning. We have a lot to get to. Lets take a live look at that Tropical Storm bearing down on the gulf coast right now. Packing up to two feet of rain with very real threat of massive flooding in the area and heres what it looks like from space. It is a massive storm. The president declared a state of emergency in louisiana. Were going to begin our coraith oitpaodor good m
For muni riders. Inbound and outbound trains closed. Our state representatives could change the way wildfires are paid for in the future. It could pass costs on to you. Amy holyfield is live for us in concord. Reporter good morning. Pg e is already declaring bankruptcy. This bill would protect pg e and try to prevent us from having a wildfire crisis. The bill creates a fund for wildfire victims, a 21 billion fund. This would protect the utility from having to take on this cost. This would be for future victims, not victims of the huge wildfires of the past two years. The money would come from customers and shareholders. Theres a 2. 50 charge youre already paying every month. Its a charge that was set to expire. This bill would extend it and put the money in this fund. The wildfire bill is going before the assembly today. If it passes, it heads to the governors desk and would be put into effect just as this years wildfire season gets underway. Abc 7 news. Thank you. And happening tonigh
Details. They are changing as we speak. Its all piling on as we see what could be another record day for the markets. Now, heres why i say that. Any gain for the nasdaq will be another record close, but right now, the nasdaq is down 15 points. The dow this morning crossed the magical 27,000 point level for the first time ever. We are still there. We are at 27,027. And the s p 500 again today topped 3,000 intraday, but you know, we couldnt close there yesterday. Will today be the day . Got to stay with me. We expect President Trump to make remarks at the white house during this hour. Hes scheduled to speak at something he put together, a social media summit. Our tech Panel Reading between the tweet lines, which might be a little difficult to have a social media segment here, because guess whos not invited to the social media summit . Two of the top social media people. Plus, president ial wanttobes attacking President Trump and Corporate America but is that what Business Owners who migh