Treasure island camera. As we look towards San Francisco and were starting off our day in some spots with mainly clear skies. Although low clouds and fog in oakland at 59. So in the 50s and 60s but check out santa rosa right now. Down to 49 degrees. So as we take you through your afternoon were going to see that sunshine. 72 in San Francisco. 79 in oakland and upper 80s in san jose. And upper 90s for concord. Well talk about that excessive heat watch for our inland locations starting tomorrow. Details on that coming up in a few minutes. Im anne makovec at the live news desk. And we are monitoring the ongoing repairs going on in the east bay right now. After several water main breaks causing localized flooding and we have hundreds of tht warvicei this is in both emeryville and west berkeley. It looks like east bay m. U. D. May have overpressurized the system in an area where the pipes were just too old to handle it. So the cause is still under investigation in emeryville. This is in the
Can you see. T the Housing Market continues to thrive in the u. S. , Manufacturing Activity is recovering it jumped to a 19month high comparable data out of the eurozone and japan. Familiar names leading us up apple is up 5 market cap just hit 2 trillion earlier in the week. Its more than onetenth of the way to three trillion already. Incredible move for that stock with 59 minutes left in the trading day. S p 500 as we just showed you, up 0. 4 on pace for a record closing high speaking of apple, by the way, we have breaking news this hour on the companys fight with epic games. Josh so apple just responding with a legal filing the two epics charges. They alleged exactly the same things will all of the legal theories apple is saying here will fail as a matter of competition the motion will fail because they need to show the balance of equities and Public Interest are in its favor in fact, the factors favor apple. Apple goes on to say that epic knew full well that in circumventing the pro
Wisconsin protests. World Central Bank Leaders coming together virtually, Federal Reserve chair jay powell speaking at key economic conference and investors closely watching what he has to say. Ahead of the speech, few hours are lower. We are taking a look at decline at start of trading. S p and nasdaq hit record highs again yesterday. This morning dow futures down 88 points. Mornings with maria live right now. Global markets this morning are red across the board. Take a look at european indices, the cac quarante down 31 and the dax index lower by 52. In asia overnight markets mostly lower, worst performer was korea down more than 1 . Top stories that we are watching this morning. Night 3 of the Republican National convention honoring americas bravest, devoting their lives defending our freedom. Since 9 11 ive seen americas heros up close. Some of them saved my life. Service, its more a word to me, its a way of life. Maria meanwhile mike pence touting President Trumps economic success
Split. Well tell you why invesetors ae piling in today. Energy companies have shut in production we have the latest on the impact of tropical storms marco and laura. Power lunch starts right now thank you, tyler as you mentioned its shaping up to be another record breaking week on wall street. That means even more evidence mounting that stocks are getting pretty expensive bob is following the markets for us bob. Yes it is. Right now we have very light summer volume. We have fairly narrow trading range today. I like what i see and i like what i see for one particular reason for once its not all about Technology Stock it started out that way at the open but it quickly changed and investers decided maybe the tech stocks are too pricey afterall today were seeing Energy Stocks bank stocks out performing, even industrials out performing the Technology Sec tore. Thats a big change of pace for the last couple of weeks i want to show you something to give you an example of how it changed. Apple
Along the bay, some 90s popping up in land and ill talk more about what to expect later on this monday still to come daria thanks a lot john at 5 oclock our top story, the fall semester for oakland starts today online thousands of students will have class virtually yeah, but the Teachers Union and the district are still hashing out plans for Distance Learning even though online instruction begins. This morning. We have kron fours gayle ong to explain. On monday, thousands of students with the Oakland Unified School district will report to class virtually in the zoom call usd spokesperson john sasaki had little to say about specific teaching plans, partly because the district is still in negotiations with labor partners the beginning of year so important for teachers to ponder students yet another stunts to get to know their backgrounds and the things they deal with outside of school. And they cant do that now because we are all this is sort of the Teachers Union and district have been