Thats the worst performance in two weeks. The dow has been down. Nasdaq have been down five out of six the tech selloff was worst it continued down 3 led lower by stocks like apple the same old story big volatility coming. Those are really the tail thats been wagging the dog for a while. Youll see the nasdaq is lower once again the other two averages hanging in there the s p on the flat line nasdaq down another 50 points. Fur watching what is happening over the last two months they closed. Dow at the lowest level since the third. The 10year sitting at 0. 66 the story that seems to never end, tiktok. Here we go the owner bytedance applying for an export license in china as it pushes for a deal in oracle and walmart. They did not mention the pending deal and technology it was seeking to support calling the deal dirty and unfair they have no reason to approve it all of this raising questions about that prospect and what that would ultimately look like. What happened earlier in the week we
Youre watching kron 4 morning news at 7. Raging wildfires up and down the west coast. In fact its so bad that some of the worst air quality on the planet is right here in the bay area. I think blanket of smoke continues to hover over the bay area making it tough to breathe. And im healthy to stay outside. Good morning. Everybody, thank you so much for joining us on the kron 4 morning news, set saturday September Marty gonzales unfortunately that smokes expected to linger throughout the weekend. It is yet another spare the air day for the bay area, the 26th in a row. We want to get more from days far on that and look at the forecast heidi a good morning marty good morning it looks like were getting a little bit of sleight thinning of the smoke at least happening a lot of air quality the service is going to be lousy all weekend still continuing. With some improvement as we get into early next week because of some other factors are going to help out with the sky conditions to again this g
Then nikolas partnership with gm. Why both stocks are set to surge despite of course the broader selloff. And finally, this tesla snub. The s ps decision to leave tesla out of its benchmark having a huge impact on the stock. Not the only reason, of course well explain why later on this hour jim, thank goodness youre back, man. It was good to get your take from home at least on friday amid this madness. Well, ill tell you, what i saw last week and i see today is this parabolic move. Look, fridays close, i thought it was what we would call phony. I mean the big rally please i didnt think there was anything to it other than Short Covering i think well revisit the lows that we saw friday and then we have to rethink, because the selling, frankly, is too hard this morning that doesnt mean that i dont think ultimately the people who dont know what they own shouldnt sell, im saying this is just trying to find price discovery, where we were friday, and then we able to figure out what to do davi
So please stay indoors if you can. Because we are looking at that air quality you can see those red and purple dots from unhealthy to hazardous air quality conditions. So looking at very unhealthy air to hazardous for redwood city and down through san jose and fremont and the trivalley as well as for concord. The east bay, walnut creek. Looking at very unhealthy air for oakland and hazardous air in the San Francisco area. Up through sausalito. You can see all of those purple dots. That is very unhealthy air to hazardous up through san rafael and petaluma and for santa rosa. We also have, because of the foggy conditions, the smoky conditions, low visibility. We have a dense fog advisory for the San Francisco area as well as the peninsula, coast and north coast. Visibilities down to a quarter mile or less. Lets check in with gianna for a look at traffic and the foggy conditions. Yeah, most of the foggy conditions affecting the bridges as well. Fog advisories for the Golden Gate Bridge as
On fox business. He will be talking about the jobs numbers, about the stimulus plan, if we will get one or if the president will have to pull the levers himself without congress. 30 minutes from now, larry kudlow. Well also ask about President Trump issuing those executive orders banning u. S. Transactions with wechat and tiktok. Shares of tencent, lets see, tencent is down about 6 right now. Well see how things are going. Futures, by the way, are down about 73 points. They had bumped up into the green from triple digit losses earlier when we got the jobs report, but they have settled down a little lower. Again, a lot less than it was earlier this morning, before the jobs number came out. As President Trump threatens executive actions to get another round of stimulus as democrats are stonewalling any compromise. We are also going to be weighing in on the market trade worries as the president signs a new executive order reimposing 10 aluminum tariffs on canada and that crackdown on Chin