Are looking live from our roof top camera out at the bay bridge on this Tuesday Morning. Good morning, it is today, and i am keise. We made it to monday. We are here with meteorologist mary lee on this first day of fall. That is right, we are ushering in fall officially at 6 30 a. M. Happy fall. You tumble equinox is kicking off today. Here is a really cool look at our air quality and it looks good all across the bay area. That is great to see. We will continue with a good air quality as we go through today and actually for most of the work week. Through the afternoon, we will catch some clearing and some sunshine, 67 in San Francisco, 72 in oakland and 86 for concord. Daytime highs are right around where we should, if not a couple degrees above average to below average depending on where you are. We will talk about what you can expect with the onshore flow for the work week but changes for the weekend are coming up in just a few minutes. Good morning, as we get to the roadways, we hav
Tesla come over the past three days, falling 18 . We have not seen that since the march selloff. We are kind of entering correction territory. Joe we saw a really incredible runup. For more, joining us, katie cry filled. A lot of people saying this was due, there were signs of this happening. Why didnt you tell us yesterday . This could have saved a lot of pain. It is a little frustrating because today it seems there is no real catalyst except for how stressed things god. Tech isn saying overvalued for weeks and months. Today is the first day that it has actually traded like it. 100s worste nasdaq drop since march. The high flyers were dragging the index down. Trying to press people for an , we have beenday seeing some worrisome signals from the Options Market in the last week. The fix and the nasdaq volatility index have been rising along with the index. You did see those warnings in the past week. Hadeems like that dynamic to break at some point. Caroline the joy of hindsight maybe w
Aigail, it felt like broadbased selloff within the s p 500 all the way down to tech stocks. Abigail it was a broad selloff. A far more concentrated as you were just mentioning with the mega cap tech stocks. There was weakness for tech. The dow had been higher. That tells you the degree, the dow closing sharply as well. The closing pressure came for tech stocks. The worst day since march. The faang index down. Tesla down 9 . The stocks and chips also down 5. 7 . And you were mentioning that this was the correction folks were looking for. Tesla up out of the march low. Plus the stocks split for tesla and apple. People wondering when the hangover would come. Today seems to be the case. Perhaps a little bit too far, too fast. We also have bearish action. Broadcom put up a beat, but it was narrow. Beating sales by less than 1 . One of the tech fires that was really not that great. And doc you sign after a really bearish day. This stock up 227 on the year, 4. 6 bearish. Another case of too f
The hearing was set before the bank agreed to pay 4 billion. The race for tiktoks assets aress the globe sees we told its been talking to geo platforms. We do have some breaking news crossing the bloomberg. Current account numbers coming through. We are getting the july current account surplus coming in at 7. 5 billion u. S. Dollars. The trade surplus sitting at 6. 9 7 billion in july and we are watching out for some other developments coming out south korea today. Highlevel officials of the Ruling Democratic Party and the government will be meeting to discuss a second cash handout and potentially a fourth extra budget according to local mode media reports and we are expecting perhaps an announcement when it comes to the social distancing measures as well as the coronavirus update to come. Lets take a look at the fed when it comes to the markets. It was a fallback overnight when it comes to u. S. Stocks and driven by a correction in the highflying tech sector. We saw u. S. Stocks falli
To allocate remdesivir according to hospital burden. Hhs calls that a fundamental misunderstanding of its system with a official telling us the government has been able to fairly allocate distribution of enough medicine to treat 650,000 people in a fair and equitable process. In a statement the white house said anytime the Trump Administration has had a request from a governor for increased supply of remedies veer weve been able to meet those demands can but some Democratic Senators have been asking questions about remdesivir since may, writing in letters to the administration, that the remdesivir Distribution Plan appeared to be shrouded in secrecy. Maryland senator chris van holland. Have you gotten responses to either letter at this point . No. Weve not heard anything. I think its an indication that the administration does not want to be transparent about its Decision Making process. I am that, of course, hurts all of us. Reporter he says transpapersy is key, not just for this drug