Fierce. About 90 miles east of daytona is where it sits right now after really devastating the bahamas. David i dont think we still understand the extent of it. It is really tragic what happened in the bahamas. Theres a lot of rain and water coming. The storm surge they are worried about up and down the coast. Alix in the markets we are paying attention to the broader political sphere. 8 10 upres up by by 0. 8 . The cable rate up over 1 . Yields in the u. S. Now up by three basis points. Commodities, buy everything but the u. S. Dollar. Time now for the global exchange. Joining us in hong kong is bloombergs chief north asia correspondent stephen engle. From outside westminster is bloombergs anna edwards, and from new york is bloombergs michael mckee. First we want to start with hong kong, where leader carrie lam announced the government will formerly will formally withdraw the extradition bill. M the government will fully withdraw the bill in order to relay consent. Alix can we say the
Of smoke hanging over a lot of the bay area today. You saw if you were out driving and walkin and if you were close enough to smell the smoke you need to sta inside. A fire burning at a recycling center has been going on for hours. Tonight the bay area is under a air quality advisory because of it. This is in oaklands inner harbor. A scrap metal facility. It starte about 5 30 this evening. Our chopper spotted a grapple lifting chunks of debris out of recycle that is on fire. Tonight, oakland firefighters tweeted out this video showing what they are up against in an up close view of it at that. A pile of debris no telling when the smoke and fire will be out. San francisco and the city of alameda sent their fireboats to battle the flames from the water the smoke has been drifting through Alameda County for hours now. There is what it looked like over time. It has reported as far away to the south and to pittsburg to the east. One people pulled out their masks. You can notice a smell righ
Issue. Ticket prices, travel, accommodations, all expenses well talk to the ceo of vivid seats about all of this, kelly. But first, a check on the markets which are recovering after some worrisome early trading. The dow is down 466 the lows and little shy 268 right now, pretty big volatility in both stocks and in bond yields which went below 4 before reversing a little above that level. While Everything Else is down, healthcare names, some of them, bio tech are booming lily is soaring on positive results fueled by its obesity drug push. More on that in just a bit with the shares of almost 14 same for novo nordisk. The banks, moodies cutting the ratings of ten u. S. Banks. Leslie picker is here with more. These we call them the big regionals and maybe some of the trust banks. Is that right . Thats exactly right. There are 27 ratings actions in all, all along this same thing Interest Rates likely to remain higher for longer. Amid quantitative tightening assets, loans and liabilities depo
Some folks are stranded and some folks dont have water. Paradise lost to an enferno we speak inferno. The fire feeding off a literal mountain of fuel. From kpix this is the late new with sara donchey on cbs ba area news. There is a huge dark plume of smoke hanging over a lot of the bay area today. You saw if you were out driving and walkin and if you were close enough to smell the smoke you need to sta inside. A fire burning at a recycling center has been going on for hours. Tonight the bay area is under a air quality advisory because of it. This is in oaklands inner harbor. A scrap metal facility. It starte about 5 30 this evening. Our chopper spotted a grapple lifting chunks of debris out of recycle that is on fire. Tonight, oakland firefighters tweeted out this video showing what they are up against in an up close view of it at that. A pile of debris no telling when the smoke and fire will be out. San francisco and the city of alameda sent their fireboats to battle the flames from t
Hitting alltime highs for these indexes. The two yields breaking down below 4. 60, well below. About a three basis point move but remember we were still above 4. 60 just yesterday. Weaker dana driving those higher, the testimony to congress. The u. S. Dollar breathing a sigh of relief after reaching a record on the day here. Still up 7 10 of 1 off the highs of the day but still getting event. Bitcoin is getting off of record highs. It did indeed touch that record but has now fallen very meaningfully to that 64,000 level, down now about 4. 6 . We are talking about apple continuing its decline helping to lead a lot of those tech heavyweights stocks. That decline after apple sales in china fell by a surprising 24 of the first six weeks of the year and on the earnings front also, some green on the screen, target of more than 11 jumping after work quarter profit estimates and the retailer continues improvement in inventory management. And in finance, new York Community bank rebounding after