Here, we take a deep dive into the National Security and market implications, this is breaking as we speak. Meanwhile u different kind of war breaking up between makers of imitation meet, beyond burgers under attack as the vegan meet darling watches stocks soar and competitors roll out new products. Does the veggie burger super star have what it takes to sustain in the space, matters of the stock, find out in just a moment. From fake meet to fake videos, threat to american businesses, facebook dealing with video of zuckerberg, how can you protect company from deepfake video that could possibly create pr nightmare and ruin your business. Cyber responses, joe lumas has the answer you need to hear this u it could happen to you, on wall street oil and energy propelling the energy much higher, s p better by 7, nasdaq dumping 34, we have oil, still trading above 52 a barrel. Less than an hour to closing bell, lets start the countdown. Liz breaking news, secretary of state just made a dramati
Nasdaq higher, 20 points s p 500 up a little over 1 point. This comes after declines for the major indices in yesterdays session. Dow, s p and nasdaq each closed lower by 1 . The s p 500 closing below its 50day moving average for the First Time Since march 28th. Look at treasury yields. See where theyre standing right now. The tenyear note at 4. 182 and the twoyear at 4. 908 , just below 5 . The tenyear yesterday hit 4. 2684 core inflation remained at 6. 9 , unchanged from the prior month, slightly above forecast. Pay growth continued to pose headaches for policymakers as wages grew 7. 8 in the quarter that ended in june were watching shares of cava this morning sharply higher the mediterranean restaurant chain reporting earnings per share of 21 cents since going public swinging to profitability from a net loss in a year ago quarter. Revenue of 173 million Beat Estimates of 163 million. Same store sales rose 18. 2 . The cfo attributing some of the strong traffic to increased Brand Awar
Crossed, it looked like a different picture. We had a reversal midday we saw stocks give up the ghost and treasury yields surge and 10year yield cross 4. 1. It was the reversal to watch i think it is because mary daly and San Francisco fed says there is more work to be done after the cpi number people thought it is not over yet. It aint over. A long slog here. The lady hasnt sung. You cant say which lady right on the squawk planner. More inflation data. Ppi is due at 8 30 a. M poll polled forecasters expect a tick higher of. 2 . This comes after the cpi data showing prices rose 3. 2 year on year which is below the forecast the Supreme Court blocked for now a multibillion dollar deal by Purdue Pharma from the opioid crisis. They will look to release the claims by nondebtors against nondebtor parties without the consent. The department of justice argued the release of civil liability is not authorized by the bankruptcy code. Purdue is optimistic the Supreme Court will agree which the cas
Disciplinary action. Ctvs brooks jarocz takes a look at the backlog in oakland. This hallway and nearby offices are quiet, but boxes are filling them up as civilian investigators try to tackle a big backlog of cases, all of them alleging police misconduct. But its an important aspect of Police Oversight that we can say to the community, well, the police dont always need to police themselves, and we can have experts who are trained to do exactly that. Mack muir is executive director of the Community Police review agency, a job hes held for less than 30 days. His team reports to the Oakland Police commission. And late last week, he delivered some bad news about that backlog of 211 cases of possible police misconduct, 135 havent even been touched. 64 other cases have no investigators assigned. And the average time to close a case, 363 days and rising. Its challenging. I think oakland has a major spotlight on it because this is the most powerful Police Commission in the united states. It h
Fox two news this is the four huge backlog of cases for the Oversight Agency that investigates allegations of misconduct against Oakland Police officers. The newly hired director of the Community Police review agency says the unit is failing to meet key deadlines to review those misconduct cases. And if the cases arent reviewed in time, officers cant be disciplined. Welcome everyone to the four this afternoon. Im alex savage and im christien kafton. This is the latest trouble for the Police Commission separate from the internal politics and personality conflicts. Brooks jarocz joining us now. Brooks, how did the commission learn about that troubling number of incomplete cases . Well the news came from the newly hired director of the bodys investigative arm called the Community Police review agency, or cpra. Its a civilian team of investigators that look into Police Misconduct complaints independently of the Oakland Police departments internal affairs investigator. Now, mack muir has ov