This weekend, but again, these are fast moving pieces. Were looking at uber and lyft that might be exiting california because of some new requirements that they treat their freelance workers like employees. That could be a costly issue for them, so much so even though it accounts for about 60 of their combined business, the state of california alone they would still leave rather than put up with that. In new york city, forget about the virus, forget about eventually opening up gyms next week, the fact of the matter is, new york city is a safety concern right now with residents in once red hot real estate markets saying enough. It has gotten so bad theyre bolting. The visitors upon hearing this, theyre just not coming. So were following that. Right now were also following the drama in washington as at least the house considers coming back to deal with this postal issue. Chad pergram on that. What are we talking about here, chad . Reporter the house of representatives is going to meet on
Fairness. Homebuilding rising to meet a record in making 98. Not everyone is joining the rally and housing. That joe biden hopes the fed will take on. Joe this is some really extraordinary housing data we got today. Thinknot like anything i we have seen in the past. The homebuilding Sentiment Index off the charts. Homebuilders feeling really good about this. All of the stories of people leaving cities, wanting to put down roots, have a yard, all that stuff. That has been soaring. At the same time, delinquencies have been shooting up as well. The blue line is traffic of prospective buyers. Basically people coming to look at a home. The right line is mortgage delinquencies. Intuitively, you expect it to look like these lines move in opposite directions. That is what we saw in the last crisis. You would think, during periods of rising delinquencies. This may be the only time in history we are seeing a rise in mortgage liquid sees and a rise in people trying to buy new homes. When you look
Becky is off we have a lot to get to. The s p 500 flirting with the new record high. Closing seven points lower futures pointing to a pull back the dow looks like it is off nasdaq off about nine points showing you stocks in europe also under pressure talking about why this would be. Closer to 2 in britain. And treasury yields look at the note looking at. 696. We are starting to see in covid cases pick back up in europe, which may impact here. Well try to talk to dr. Scott gottlieb about that. Fortnite maker epic games taking on apple and google over what it calls anticompetitive behavior giving users a discount and cutting out the e map services which cuts out the ability to take a 30 cut from sales. New users will not be able to download the game and existing users wont be able to download any updates. Google followed the lead and removed the game from the app store and was also hit with a lawsuit. The feature was not reviewed they did it with the express intent of violating the guide
Claims rising back above 1 million. The fed voicing concern of its own about pace and state of the recovery josh, brown, the question today is how long, how long can stocks continue to outrun the economy well, i would argue that stocks have been out juning the economy since 2009 we clearly had an economic recovery that had been accelerated in recent years the longer it went on, but it hasnt come close to what the top 10 of american households by wealth have enjoyed by virtue of being in stocks and real estate as investment how long can that go on for . Its been going on for more than a decade if anything, you can make the argument that the pandemic has done nothing other than accelerate that trend. Its not a great thing to be hold the stocks that continue to work, anything tech, almost anything tech, anything work from home. Take a look at zoom. Were not even talking about it anymore. Its almost like its a given. Then you have this contingent of companies that have adapted themselves t
Morning. Several lightning strikes to the north in mendocino county, between korea and ukiah. You can see all the lightning strikes. Engh instability, fighting off as thunderstorms this morning. Because of that a red flag warning remains in effect for the entire region until 11 00 a. M. Because lightning strikes can lead to new fire starts. We saw that 50 wild fires started over the weekend from thunderstorms, lightning strikes. Also extreme heat continues. Excessive heat warnings and advisories remain effect to the dangerous heat. Were talking checkable digit heat in concord, fairfield, livermore. Mid 90s in san jose and 80s for San Francisco and 82 and 89 for oakland. Along the coast in the mid 70s. Up in a fetersto threst, exacy i ts ecthkiet do good morning. We are coming to you live near snow. Keeping an eye on the flames all morning long. In the past hour or so, you can see the bright line of orange flames. T ofees at arsilhouette toward the left. This fire is progressing overnig