53mileperhour wind gust. And even though were not really feeling it in some of the valleys, some of our Higher Elevations up above 3,000 to 4,000 feet, its really windy up there. As we take a look at some of our wind gusts weve had, in some of our lower lying areas, San Francisco to 27 Miles Per Hour or the past 24 hours. Elsewhere its been about 15 to 20 Miles Per Hour. So as we look at our wind speeds, we continue to monitor for that red flag warning. That means we have high winds and low humidity occurring at the same time. All these areas highlighted in red are in those areas where we have the red flag warning in effect. That includes the diablo range through the east bay, and this will be the case through 8 00 tomorrow morning. Our valley winds mostly 15 to 20 Miles Per Hour. Were really concerned about our hills and mountains around the bay area. More on that coming up in a few minutes, marcus. Thanks, kari. As kari was mentioning, we are under that red flag warning. We saw the w
Were going to get smarter on that with our guests this hour take snow dflake, that recordbreaking debut you heard about all morning, priced at 120 now indicating 19 to 195 the largest software ipo ever. Their thesis, a new way to work with data in the cloud those indications as i mentioned way above the ipo price. The ceo joins squawk alley right after the first strad. And theres adoe bee ahead of last nights earnings. They reported 15 Revenue Growth the best q3 in the companys history. Stock is taking a breather in the early trade. Well ask ceo about that in just a few minutes. And dont forget about apple its mac and ipad lines got a boost from work and learn from home imperative. Major Tech Companies like apple are leaning into the work, learn and kperds from home phenomenon. The new way of working is rich the real question here, guys, is future upside already baked into these valuations, carl boy, just look at those snowflake indications. We went into this morning, jon, looking at h
Were fired and 2 officers were hit last night kron fours Justine Waldman joins us live in the newsroom. Shes watching the developing story just seen. Louisville citywide curfew is now under and forsman and it will be in place throughout the weekend. Authorities are pleading for calm tonight while activists are vowing to fight on anchored over the decision not to charge the officers for killing Brianna Taylor. We have a look now at the protests that are happening right now you can see police in riot gear trying to block off the streets and a huge crowd there all marching. Some of them holding their arms up a lot of them holding signs. Theyve been chanting cries of no justice, no peace in cities around the country and even in the bay area have seen protests like this and people taking to the streets following the grand jurys decision. The investigation showed that officers were acting in selfdefense when they responded to the gunfire from taylors boyfriend. Now last night almost 130 peop
From todays apple event we start with a major selloff in the financials the biggest driver in the market with the xlf falling more than 1. 3 citi dropping 7 today under pressure that regulators could crack down on the banks Risk Management systems the stock is now down more than 12 in the past two sessions guy . Dan nathan has been talking about this for a while one of the things weve said is todays banks are much different than ten years ago theyve become utilities you have to look at them differently and you have to factor in valuations much differently. Ill say this quickly about citi right now at 45 the stock is now trading 63 of tangible book, assuming that tangible book is accurate thats levels we last saw probably in the financial crisis these are trough valuations in terms of the price of tangible book i think Warren Buffett told you everything you need to know about us banks hes obviously paring down exposures in banks i think that tells you a lot as well in terms of citi, its
Not just me. A little virtual hug. Good morning,gu. Ll could cocomee ho outside we go, it is a foggy picture over San Francisco right now. There are hazy conditions early on and the day planner today will show you it is spare the air day again. Temperatures though this afternoon, it is pretty comfortable when we talk about Early September. 70s and 80s. So no intense heat. And again, well have that hazy sunshine. A close look at the air quality looks like well fluctuate between moderate and poor. The worst air quality likely in the north bay and santa clara valley, but good news, by friday, we see improving conditions to more moderate or yellow categories across the entire bay area. Developing news in the controversy over Nancy Pelosis San Francisco hair salon visit. The House Speaker says that it was all a setup, the salon owner says she is now getting Death Threats. And here is a photoall, the thee owner provided to fox news. Amy hole feelgd is lyfield is i newsroom with more of the p