Dow climb 2g 28 points s p advancing 2. 2 its time to revisit fang, my acronym for facebook, amazon, apple, netflix, alphabet, aka google ill throw in the other big tech theme under fire, microsoft. Lets start with apple in the Tour De Force of the new iphone and the watch to me it looks incredible. Battery lifes longer. One hour to four hours depending on your new model. Cheaper prices you also get apple plus, their new streaming service for free with purchase. 4. 99 per month value. Ive looked at some of what theyre developing for the video platform even though i think it is universally poopooed, over time i think youll see its essential watching its half the price of netflix i like the entertainment the new watches 0e78 only cost 199 i think thats the price point to get worldwide adoption for this thing which will only layer on still more Service Revenue. I have fantasy football on this thing. Every time one of my guys scores,explosive when a version of the ipod hit that level, 199,
China promises a set of tariffs. Jay powell declining to signal more easy Monetary Policy. The yield curve inverting yet again. How will business respond . How will it impact the economy more importantly, what does it mean for the market and investors . And then a news making interview you cannot miss. Federal reserve vice chairman Richard Clarida from jackson hole we are covering the angles with the team of reporters as always. Elan, first to you on the china fears which appear to be trumping the fed speak today. Nice, sara. We are waiting to see if President Trump will make a statement on those latest trade tensions with china and the new 75 billion in retaliatory tariffs that were announced this morning. We know there was a meeting at the white house earlier today with mnuchin, kudlow, navarro and lighthizer and President Trump did tweet that he would issue a response this afternoon. He then went on to order American Companies to look for alternatives to china including bringing bus
That there are still some fire crews on scene, starting to bring out some of the debris from inside that middle business where it appears that that fire originated. I just talked with the fire captain in the last 45 minutes, and he said that one business in the middle is where it started, but the businesses on either side are also damaged. This is a salon and also a boutique and some sort of ice cream shop as well. Firefighters got the call just after 1 30 this morning and because of the roof structure, the captain tells me it took about an hour for firefighters to put it out, and it had to be unnerving for one business in downtown los gatos, double ds sports grill, which is down the road, but in the same block. It only recently reopened after it was gutted by a fire back in 2016. That business was unscathed. We expect to see three businesses will be out of commission for a while until they can repair some of that smoke and water damage and of course some of the fire damage from the mi
San francisco low 70s, with some low 80s in the south bay. Well talk more about whats going on this weekend. Mike has a look at that morning drive for you. Well, easy drive. Look at this, the bay bridge toll plaza this is great. This is a live picture its 6 01 and we see a smooth flow of traffic, no metering lights, no pausing even for the cash lanes. You have to pause to pay, you pay cash but everyone else flowing smoothly through the fastrak lanes. Contra costa county looks great. A little blip shows up north of the benicia bridge. There may be an issue. There say crash on the shoulder 242 at grant, and a couple of crashes here 680 around capitol expressway and montague, both out of the roadway but look the at the Speed Sensors are all green, guys. Back to you. Thanks, mike. Breaking news this morning, out of the south bay, there is damage to at least three businesses this morning, after an overnight fire in downtown los gatos. Today in the bays kris sanchez joins us live from the sc
Throughout the last few hours. Not anything to do with dorian just the coastal showers you see quite frequently here in florida. Otherwise conditions very calm right now and officials and First Responders urging rents here and cocoa beach and across the state, use this time wisely to prepare before the conditions take a dramatic turn for the worst. You do have time before it reaches to prepare if you have not done so. Right now the entire peninsula of florida is in the forecast cone. All 67 counties under an emergency watch as well because we just dont know where this storm is going to wind up. It looks like at this point it will make landfall sometime late monday evening and into early Tuesday Morning as a category four storm with wind up to 130 miles per hour. Lines at Grocery Stores and gas stations, Home Improvement Stores Selling out of supplies and generators, millions preparing for the punch that dorian may bring here to florida. Evacuations not in place at this point because we