Prepare for the final day of the work week began. We are live at the czu august lightning complex fires base camp. This is a look at what it looks like. These are the battalion chiefs and operations personnel. Theyre getting ready for an update that they will give us at the 6 am hour. Right where we are standing, they were going on as business as usual but now where we are standing right now, this is all or under an order. The city of Scotts Valley west of highway 17 is forced to leave. This how shows how vast of an area it is. It is bounded by la honda to the north and highway 17 to the east and uc santa cruz to the southern by the Pacific Ocean to the west. At last count that is 48,000 people in that dark red area. That is the fire itself that is still burning out of control with 0 containment. This is video that cal fire shot out of a helicopter along the coastline. The fire has burned all the way to highway 1, which is shut down now. Employees were able to beat back the flames and
Lavongo on their merger and the first companys earnings report. David has news on microsoft and tiktok. Want to continue to update a story were following closely given we have not seen anything like it. Tiktok the incredibly popular social media app in the u. S. And around the world, bytedance its owner, the u. S. Government saying we will shut tiktok down in the u. S. Unless you find a way to transfer all of it to u. S. Ownership and microsoft playing the role as potentially the only suitor for the business i wanted to bring everybody up to date on new reporting that ive got because it is interesting. Both sides right now, bytedance and microsoft and of course the u. S. Government is still very much involved in this as well are negotiating to try to reach some sort of an agreement under which microsoft would buy the u. S. Business of texas toks u. S. Bit from bytedance within the next two to three weeks. That seems to be what theyre hoping for in terms of a timeline obviously in these
Long time before it recovered september highs. How long . Try about 25 years. In other words, the highs we reached that year, at the peek of that bull market, september third, 1929, were not realized again until november 23rd 1954. You hear about catalysts and Hedge Fund Managers at time, were not called Hedge Fund Managers. Were worried about the giddiness building. It was too far, too fast a great comeuppance. Herbert hoover who was providing over roaring market. He came into office in 1928. Things were swimmingly two years later. He would not survive in the next election. Someone who was considered laughable shot rising to the white house, you might remember the name. Franklin roosevelt, Big Government spending liberal, who many said who would have no chance taking 1600 pennsylvania avenue in the middle of a financial crisis. Reminders that unexpected developments can change outcome of elections. We saw that in 2018, john mccain, fellow named barack obama were deadeven until the met
Overnight that washington could be delaying easing up restrictions on huawei as part of the trade war deepening tensions potentiallimentpotentially ment and we have the s p 500 and the dow coming off some highs yesterday. Overnight in asia, we had some interesting news out of japan. Theyre changing the way theyre buying maturities across the yield curve. We have the nikkei higher by 0. 4 we have red arrows on the hang seng and shanghai. New china data overnight that showed food prices surging 9 , largely in part due to a surge in vegetable and pork prices european equities, down arrows across the board the dax is down by 0. 9 . Treasury yields, this has been the focus all week, yesterday the intraday on the tenyear yield was 1. 793 we are seeing extraordinary moves on a daytoday basis. Getting close to the twoyear feeling it feeling it feeling it little resecessionary feeling i. We have one other piece of Corporate News to bring you. Uber shears undehears unde s uber shears undhares un
The strict rules behind the showdowns and what both men are hoping to gain and the potential pitfalls they face. Were live with the very latest. Storm alert. Tens of millions set to face more Severe Weather today. Parts of the south bracing for heavy rain and dangerous flooding, while the northeast faces its own soaking. Als full forecast is straight ahead. Ambush attack. Slovakias Prime Minister fighting for his life after an attempted assassination caught on camera. Just ahead, his condition and what were learning about the suspect now in custody. Crash chaos. Another bridge accident leading to major problems this morning. A barge slamming into a vital causeway in texas, triggering an oil spill and creating havoc for commuters that could last for weeks. Were live on the scene. Those stories, plus, commencement controversy. Chiefs kicker Harrison Butker under fire for his message to women during a graduation speech. Some of you may go on to lead successful careers in the world, but i