And technology outperforming in todays trade. Theyre all up more than 1 hers at the moment weve got 59 minutes left to go in another wild session. Green across the screen once again. The company now pivoting to very different space. Well speak with the ceo about the strategy shift plus, former ceo getting in on the spac craze with a Blank Check Company. Lets get straight to the big stories were watching mike santoli tracking the market on this first day of the Fourth Quarter. Steve leezmiesman has a look ate Economic Data and we have the latest on the stimulus notions its been a little jumpy. A little fitful action it is shuttling up and down within that range. It seems as if the market is trying to shake out the people or the al go riridg al algoriths the year to date chart, we remain here. We keep pointing out its kind of this, you know, upper range above the year to date break even level it is about 1 , 1. 5 up from this level in the 3400s. People say maybe represent an upside break
Fishermans wharf fully engulfed. Huge fire. Reporter people captured video of the blaze. 150 firefighters b put it out. Unfortunately this building is a complete loss. All four corners have collapsed inward. Reporter Fire Department say the fire was burning above tand below this historic pier built in 1926. Did have some fire underneath the pier which we were able to address. Reporter on the bay tense moments as fire boat st. Francis fought to save the historic world war ii ship from ruin, docked just feet from the fire. If theres anything positive that can come out of this tragic event, we were able to save thi emphasis because memorial day weekend. Reporter captain was grateful. Sounds corny but its a miracle. Because of the Fire Department. Reporter warehouse that burned housed offices and Seafood Company warehouses. Lost fishing equipment, two trucks, one or two more might be damaged. Reporter cause of the fire still unknown. Investigators are on scene, will be a long process as it
Plus, there are fewer than 50 days until christmas and wall street is concerned about a retail apocalypse. We have the details about that, and later, its been choppy waters for Royal Caribbean the stock is cruising higher the ce will be here for an exclusive interview. Power lunch starts right now welcome toll power lunch. Im melissa lee. The major averages are recovering somewhat after falling in the red on reports of a delayed trade deal we have the dow and the s p 500 marginally higher right now. The nasdaq is down by a third of a the russell taking it the hardest. Lets get over to bob pisani for more theres been reports theres no clear deal yet over the terms of a phase one deal with china, or even whether president xi is going to come to the table on the deal industrials, theres your classic one, caterpillar, 3m, united technologies, theyre all down a bit today some of the semiconductors like micron also a little weaker as you mentioned, coming off their lows we had a buildup in c
President trump will delay china. Nal tariffs on markets rally on the news of apple surging 4 . The cbsviacom romance leads to a waiting. The megamerger shery breaking news out of south korea. We have the Unemployment Rate for the month of july coming in at 4 . That was as analysts expected. The third month in a row that stayed at 4 . South korea added 299,000 jobs in july, higher than the 281,000 they added in june. The south korean economy and job market being highly supported by government job creation. We are expecting the extra budget set to pass parliament at the start of august to also give more support for the job market. Exportseantime, continue to plunge in south korea, now headed to the ninth month of export declines in august. We have seen the weakness in w theon throughout these the south korean won. In hongrn to sophie kong for a check on where markets are headed this morning. Sophie we have plenty more data to come through from asia including a check on chinas monthly ac
Friday. Im janelle wang. And im raj mathai. The person who stabbed two students in san jose are still on the loose. Were learning about another violent incident that happened at the same school, the same campus, last week. Were talking about James Lick High School in san jose. The two attacks are prompting the teachers to call for more safety measures. Here is ian cull. Reporter as a precaution, the gates were closed for much of the day here at james lick, and there were supervisors monitoring the entry points. But we know this is the second time police were called to the campus this month back on august 7th, a staff member was also assaulted and taken to the hospital. The fight earlier this month was posted to social media. It appears to show a group beating up a student. Police say a staff member was assaulted and taken to the hospital with nonlife threatening injuries. This clip was shared with us showing these are not isolated incidents. It was posted to an instagram page. The teac