Wednesday. Feels like a friday on after the bell. Lets look at the news thats happening at this hour. Team coverage with more on the markets. Hillary vaughn, covering the president elect. Lets start with you, the day before thanksgiving. What are we seeing . We are seeing a retreat partially for the s p. The dow transports, all retreating from record highs but the dow closing at 29872 on track for november since 1928. Youve got to go back really far. The nasdaq, first, record close september. 12,000 94. The first force was this rotation weve seen for the week out of tech to cyclicals that reversed today. Energy was your worst performer and tech was your second best performer. The second we noticed is the Economic Data that poured in this morning. That was a reality for many investors. Jobless claims rose for two weeks in a row. The First Time Since july, 778,000 americans filing for firsttime unemployment benefits. Claims rose the most in states where infections also rose the most. Min
The s p up 11 the dow up nearly 13 on pace for its best month since january of 1987. The nasdaq up about 12 . Check out the small caps because the russell 2,000 is up almost 21 in november alone. Thats the stock world but, melissa, our other favorite topic, bitcoin thats been moving a lot, too. Maybe joes favorite topic, at least bitcoin after recently hitting 16,000 were seeing it recoop some of those losses in recent days its up by almost 2 today, above 18,000, 18,540 guggenheim is reserving right for 5. 3 billion Macro Opportunities Fund to invest up to 10 in the Gray Scale Bitcoin Trust which is only invested in bitcoin and of course this follows many large investors including stanley drunken miller voiced support for this krip cro currency, joe. Yes, it has been getting traction interesting recent trading and good to see you, melissa and andrew its tough to come back from vacation, but having you here, melissa, i dont know, it just makes me feel very, very comfortable, happy my he
Screen completely different from yesterday and will call it a modest rebound but it was the big tech stocks that fueled the selloff in today though stocks also seen a modest rebound, certainly not recovering the losses theyve seen over the last three days but nevertheless they are back in the green. Take a look at tesla, that stock has lost around one third of its value in just one week. But look at it go today up nearly 7 and by the way well talk to the former Vice President of tesla coming up in this hour. Also tesla rival nikola solid spike after announcing the partnership with gm and come up will talk to the company ceo about the electric Vehicle Market in the fierce and growing competition. Meanwhile talking about competition in the race for the white house joe biden traveling to battleground states michigan to tout his new made in america plan, this ahead of the president s visit tomorrow and this morning by the way President Trump nominated for a Nobel Peace Prize by a member of
Building a better bay area for a safe and secure future. This is abc 7 news. Overnight, lightning strikes off the coast as a Severe Thunderstorm Warning moves across the bay area. Were bracing for another day of intense recordbreaking heat after more rolling Power Outages affect hundreds of thousands of people. Good morning, everyone. It is sunday, august 16. Im liz kreutz. Thank you for joining us. Those thunderstorms were seen off the coast of santa cruz, on the peninsula, near pacifica, and all across the bay area overnight. From the lightning to the winds to the heat to now these brush fires were tracking, were following it all. Lets get over to meteorologist lisa argen with a look at whats happening right now. Lisa . Hey, liz. You know, when we had one of these thunderstorms around fairfield, the temperature went from the 80s to 100. That was a heat burst that came down from the upper levels of the atmosphere with a thunderstorm. Just amazing whether the around here. As we go in c
News stations. Youre watching kron 4 news at 10. Today requiring all counties to close their indoor act to batteast their indoor operations this is in every county in the state of california. California is shutting down again as coronavirus cases surge governor Gavin Newsome announcing today a major step back in the reopening of the economy, thank you for joining us tonight at 10 im pam moore, im ken wayne. The governor ordered today all counties was close indoor operations in on the states watch list. The restrictions are even tighter kron 4 S Ella Sogomonian joins us live in the newsroom was which businesses have to close up shop and where pam the states latest orders come as hospital beds are filling up in some parts of the state. Infection rates rise the Governors Health order is 0 ring in on indoor businesses specifically all across california including 5 bay area counties that includes indoor operations at restaurants wineries tasting rooms Family Entertainment as museums movie t