A long lasting deal. Peace and punishment in one city we look at the contrasting sides of life in libyas capital. Now the World Health Organization head is warning about new clusters of corona virus infections with no clear link to china is reported its 1st death along with 16 cases of infection south korea is the worst of it a country outside china with almost 350. 00 cases in the w. H. O. Is worried about a wrong where theyve been for deaths and 18 reported cases of infection including an official in the capital tehran. Although the window of opportunity is not only to contain the outbreak we still have a chance to contain it but while doing that we have to prepare at the same time for any eventuality because this outbreak could go any direction it could even be messy. But what im saying is its in our hands now if we do well within the not only window of opportunity we can reverse any or we can have very good any. Serious crisis. All right we got 3 correspondents across this story we
Markets overall we have pushed higher the s p up. 2 . There are plenty of individual stocks on the move, including wells fargo as the best performer in the s p onward that it will have a new ceo. That ceo has a lot of banking experience. A couple of little quirks. Generally, people are happy with him as that wells fargo ceo. Micron is down, disappointed and a big way when it came to its earnings and growth forecast. Some analysts are being easier on micron saying this is the lowest point it will see, the bottom. Also, expectations were too high. Citi is saying expectations were too high. ,uy the stocks are fluctuating investors may be looking past the Political Drama in washington, trying to focus on a mixed bag of economic data. We also have the chinese stories still rumbling along. How do you price this . That is the challenge. Price the Political Risk right now . It is on both sides of the atlantic. It is enormous. It dominates the headlines. Thetrying to figure out, if pricing mech
How youre looking throughout the entire bay area. Pacifica along the coastline expect to keep the cloud cover all day long. It will linger, it might be too cold for the coastline this afternoon, and if youre looking for maybe just a little bit of a warmer spot, go check out the south bay, because in san jose, temperatures will top out comfortably in the upper 70s, low 80s. San jose expected to get a bit of a breeze but notice in the icons a lot less cloud cover by the afternoon, talking clearing skies and typically one of our hottest spots, which is into the trivalley is expected to also remain in the upper 70s, low to mid 80s in through the afternoon as well, but enjoy today, our coolest day of the weekend so far. Even though were cling off today and tomorrow, we have High Pressure rebuilding and that means another warmup. Im going to break that down for you coming up in 15 minutes. A little more comfortable than last week but more heat is coming. Absolutely. Thank you very much, vian
The s p 500 30 below the 30 day average. It goes to what mike was saying about how a good jobs report lends to sector rotation in equities. Romaine we should point out that some of the other asset classes, we did see the dollar higher on the week, oil down on the week, and very low volumes today, but looking at etfs, volume was about average. We did see a lot of activity there. Joe small caps. Romaine thats right. Lets dive deeper into the action right now. Renita, get us started. Im watching iron ore, which sunk to its largest drop in about two years. It is ending the week actually up the most since june 21. Most Metals Commodities definitely took a dive. The bloomberg Commodity Index also lower and the dollar higher. Which makes commodities that are priced in the dollar more pressure than usual. Taylor . Taylor for me it is all about bond deals. We are taking a look at the price action we are seeing on bond yields. We are now rising nine basis points on the day. That is our biggest o
Ah, Silicon Valley in california and from here, Companies Like apple and google have conquered the world. But their success has come at a price language to see the value from us up a. So you must be very wealthy. Well, i was living in los altos before came, you know, this very exclusive area to live in. David is a tradesman, the rise of Tech Companies has made it impossible to pay rent living for 3 years. But hes been living in a vanity right next to close campus. Partially the group. I was living in the house. It was a 2 bedroom house, was paying about 2400. 00 a month. That was june. Okay. Well the guy realizing get 5000. 00 a month for this place, right. So he tells me you got to go and the lease is up. Im going to remodel. And so people like me like ive been here, my wife. I got no where to go. Silicon valley and San Francisco belong to the bay area. As of 2021, there were around 35000 Homeless People here alongside the highest density of billionaires in the world. And the pandemic