Thousands of city workers in san jose could vote to go on strike this week over failed contract negotiations. We have details on their demands. We have breaking news we have been about. We will start with the four alarm fire in San Francisco i just mentioned. Justin andrews live at the scene in the hayes valley neighborhood. We know there are still some hotspots. What else is going on . Reporter this fire broke out just before 6 00 this morning. Crews are still out here on scene putting out hotspots and monitoring this thing. Keep in mind, they will be out here for several more hours. Take a look at what is left of this building after this fire broke out. You can see the debris. A lot of fire crews are still out here. I want to call your attention to these fierce flames. You are looking at this fire during the height of it does flames were gnawing right through this building that is under construction. This is at the intersection of octavia and oak streets. This is the main thoroughfar
Frfrom xfinityty. Fans of taylor swift known as swifties converged on santa clara last night for the first of two concerts this weekend at levi stadium. Silicon valley ha not seen an event like this in years. He tells are sold out, restaurants are booked out. The local economy is likely to rake in millions. A giant letter x now sits o top of the headquarters in San Francisco. But building inspectors say no one ever applied for the required permits. Good morning, its saturday, july 29, im devin fehely. Lets start with a quic check of our weather. We made it to the last weekend in july and it will fee like summertime. Two or three degrees warmer compared to the past couple of days. And the heat dome has been dominating weather over the southwest. And we dont have to worry about extreme heat. Temperatures in the 50s to the 60s this morning those numbers will warm up quickly inland. By lunchtime, well see 70s and 80s. The temperatures reaching into the upper 80s, but thats not bad for late
Patchy fog out there. Areas like Half Moon Bay, even hayward reporting a little bit of cloud cover this morning. So we do have a shallow marine layer to begin the day. Its just an indication that we have cooler changes on the way. Take a look at temperatures. Right now were basically in the 40s and low 50s out there as we start our day. So its one of those mornings again, we have our typical chill. Youll need your jacket, but well warm up nicely this afternoon. Heres a look at how your day shapes up. We have a little bit of cloud cover this morning, giving way to full sunshine throughout the day. It is a little bit of a cooler afternoon. Yesterday was the peak of our warm spell. Now well see temperatures gradually in the 50s along the coast 70s around the bay shoreline close to 80 inland. So its a nice day today. A little bit of a breeze. Its dry today, but that will change as we head into the weekend. Saturday morning it is a level one on the abc seven storm impact scale for rain. Som
Tesla cuts plus, stocks overall are looking for some traction. This after the s p notched its fourth straight down day the nasdaq remains on pace for its longest weekly losing streak since december of 2022 and Las Vegas Sands is amongst the biggest laggards thats ahead of the open thats despite an earnings beat. Blackstone, as carl just said, alaska air, dr horton, weve got a host of companies that are reporting earnings, and well get to all of them lets kick things off with tesla today, on track to open awfully close to a fresh 52week low. Deutsche cuts to hold from buy, cuts its target to 123. They were at 250 in february as theres a whole revisiting on what exactly the future model of tesla is going to be yeah, look, if youre going to roll the dice and decide that what really matters is selfdrive, something that has not worked for anyone, to tell the truth, then what you really do is box yourself in a corner what people really wanted was a cheaper car to compete against the chinese.
Your attention it trades on a number of different platforms but on coin base it moved over the 16,000 mark. Matter of fact, it is approaching the 17,000 mark. Keep in mind earlier this week, we hit 13,000, 14,000, 15,000 so far this week. Now, it looks like we may hit the 17,000 mark on coin desk and bit stamp it is a little bit lower as you can see there but it definitely is on a tear this morning just an amazing run for this particular crypt ocurrency almost 17,000. Carl, back to you. Thank you, sue. Obviously, our data, i believe,m averages the price of various exchanges, which is why you might see a price on coinbase that doesnt match the number on your screen. We appreciate that sue hew rea a the word mania is being used, henry. The question is whether or not thats fair. Brings back a lot of memories the same thing about bitcoin, when it was 300 which is a perfect asset. No Intrinsic Value and easily g to a million per coin or go to a dollar no difference. Watch it rocket now. Whe