You i am at 7th and webster. That is in china town. And it is still a very active scene. The street is closed to any and all traffic. And you can see behind me the f 5 alarm. Right now the fire is contained but theyre on the roof working to find any hot spots and work to see if theres any pockets of fire within the ceiling. I do believe we have a shot from the chopper above. I was told by interim chief that this building takes up nearly twothirds of this block here on webster. She said that at this point they believe that fire started in a dumpster. Now, several businesses primarily restaurants in this building were damaged. Right now she says she does not believe that there were any legal residences into this building. But she said shes proud of her firefighters. They had a difficult time with the visibility and some of the low points in that ceiling. Right now good news that fire is contained. Take a listen to what the interim chief had to say about this particular firefight. Im happ
Third straight week. For more on wall streets move, we are joined by scarlett fu. Lets talk about how this happened. Ett we had quadruple witching. Options tied to indexes and stocks, that led to a pick up in volume. Then you had it falling below the trendline, where the average price over the past two and half months. The theme for today, as it has been for the rest of the week is the lingering disappointment that the fed did not give investors a prize that they have been positioning for. Recent winners, the tech, has been consistent laggards. They are the worst performing sectors this month, down 10 in september. Emily i do want to talk about oracle, tiktok, and this dramatic move by the u. S. Government to expel tiktok and wechat by the app stores. When did you what caught your eye . Scarlet what i found interesting was that even though it trended lower, volume in the stock is off the charts. It was about 26 million shares this week on average. That is up 86 from the first two weeks
Each year the 1st monday in september is labor day in the usa it is in canada too they just spell it differently its a celebration of the Labor Movement and its the unofficial end of summer and for many laborers automation and technology could spell the end of the line which jobs are robots taking over and which jobs will be safe lets ask our t. Boom bust host christy i and kristie ive read that in 1950 elevator operator was among 270 careers listed in the u. S. Census back to the future a recent Postal Service controversy involves. Taking sorting machines offline and these behemoths could move the mail much faster than human beings could and automation is replacing or accompanying workers in detroit and all sorts of Assembly Lines elsewhere kristie what sorts of Assembly Work is unlikely or impossible to be automated. Well as you know a lot of some of the work and manufacturing work is being heavily heavily automated nowadays but as a long must found out the hard way not everything ca
Stayathome to save the birds of london. That is a good thing to say. It is the strangest august, and the only litmus paper youve got right now is the weaker dollar, the preponderant trend this morning. Francine yeah, weaker dollar. Im also looking at a couple things. When it looks at iron ore, it is significantly up, and we are looking at gold. First lets get straight to the bloomberg first word news in new york city with ritika gupta. Ritika Michelle Obama describes President Trump as unfit for office on the Opening Night of the democratic convention. The former first lady blasted him from his handling the pandemic. Worthen 150,000 people have died, and our more than 150,000 people have died, and our economy is in shambles because of a virus that this president downplayed for too long. Trump isbama said that clearly in over his head. President trump added a trip to iowa to his schedule today. Support has been slipping in a state that he won in nine Percentage Points in 2016. Polls sho
Company, a maker of health and Beauty Products recently bought by procter gamble. Iman abuzeid, founder and ceo of incredible health, a hiring platform for nurses. Chris bennett, the founder and ceo of a preschool and childcare network, wonderschool. Kin, thephanie lam founder and ceo of blendor, a maker of software that helps Companies Manage and fight bias. Thank you all for taking the time to do this. I am so happy to have you all here. Thanks for having us. Glad to be here. Emily obviously its been an emotional last few months and i want to know, how have you been experiencing the latest momentum behind the black lives Matter Movement . Tristan the thing i like to tell our people is in moments like this, three things are critical. First, a forceful acknowledgment of the trauma we are all facing, whether it be emotional or physical, over these last 400 years, frankly. Second, the idea of modeling the way. Really being in line with the values we have and picking a side. That is somet