We start with an Epic Battle Raging On Wall Street that has seen small time Amateur Investors take on the titans of the hedge fund industry. Its all centred around this company the struggling us computer Game Retailer gamestop. It shares have soared at much as 1700 after a group of private investors used online forums to drive up their price. And that has raised serious questions about how Financial Markets operate in the era of social media, as paul hawkins reports. This is a story of david versus goliath, of the amateur online investor beating the Big Traditional Wall Street traders. At the centre of it, gamestop, a struggling American Retailer Selling dvds and video games. A number of the Wall Street Traders picked up on its problems and bet money that its share price would fall, known in the business as shorting a stock. Only for this particular stock, Amateur Investors swapping tips on the social media site reddit saw it as an opportunity. They bought shares, which actually drove
Were turned on and it is a little busier, more traffic heading over there. Some slowing on the span shows up on our maps because there may be a disabled vehicle. A semi truck perhaps getting close to the Treasure Island so we may see more backup as they slow the metering lights down. Well closely track that and the drive. The rest of the bay shows no major problems. The slowdown in concord is not what it may appear to be. Ill explain that coming up. The rest of the bay lighter than you would normally see. Back to you. Thank you, mike. 6 01 right now. From the bay area to los angeles to san diego millions of californians are waking up after the weekend to a new shelter at home order. Weve got live looks outside. Here is a look at how california is divided into regions in terms of tracking surge cases and hospital rates. All regions are now in some form of that stayathome order. Today in the bays Cierra Johnson is live for us. I know different counties are rolling out those restrictions
Third straight week. For more on wall streets move, we are joined by scarlett fu. Lets talk about how this happened. Ett we had quadruple witching. Options tied to indexes and stocks, that led to a pick up in volume. Then you had it falling below the trendline, where the average price over the past two and half months. The theme for today, as it has been for the rest of the week is the lingering disappointment that the fed did not give investors a prize that they have been positioning for. Recent winners, the tech, has been consistent laggards. They are the worst performing sectors this month, down 10 in september. Emily i do want to talk about oracle, tiktok, and this dramatic move by the u. S. Government to expel tiktok and wechat by the app stores. When did you what caught your eye . Scarlet what i found interesting was that even though it trended lower, volume in the stock is off the charts. It was about 26 million shares this week on average. That is up 86 from the first two weeks
On saturday alone. Now measures are being taken to slow the spread, with miami beach enacting a new curfew overnight. We will have the latest in a live report from south florida just ahead. Then in our sunday focus, a conversation about the life of john lewis, with historian john meacham who speak with the congressman in recent weeks while finishing a new book on the civil rights icon. Plus, in our sundays spotlight, with some promising news this week about a potential Coronavirus Vaccine, how soon could it be approved, and how long will it take to produce and distribute across the country . And later, a brand new virtual sunday sitdown with captain america himself, chris evans, on his hit series defending jacob. His new step into politics, and his oneman dance parties during this long lockdown. Im a big proponent of just you know, its sunny outside, i start jammin and looking like a lunatic really. A sunday sitdown with chris evans, plus another life well lived, all a bit later in the
John burris says the destruction of this evidence is a criminal offense. He says that this only continues to prove that the Vallejo Police Department Needs more oversight and more accountability. This is the police truck involved in the shooting death of 22 yearold Sean Monterrosa the windshield riddled with bullet holes was viewed as evidence in the case but it was later destroyed and replaced now of ole ho Police Union President and lieutenant is under investigation and he may have thought it was good evidence that could be harmful to the Police Department and the play songs about slight civil rights Attorney John Burris says the windshield was crucial to the investigation body cam video worn by the officer involved in the shooting never shows what they were actually seeing as they opened fire on to rose who was killed when a hammer was mistaken for a gun and raises real question if officer and destroys a piece of evidence what evidence may have been destroyed the Vallejo Police Offi