Is david asman. Joining me on the panel gary, zachary liz. Attended christine on the Stock Exchange. Was it the Oil Price Crash that set this all . Reporter several factors, one has to revolve not necessarily the virus itself but the panic around the virus as well as oil, it is so difficult to price and the Economic Impact and what the virus is going to do to companies acrosstheboard which is why you sell the selloff today and we have a Circuit Breaker halt all markets when we saw it fall down 7 . That helped liquidity but using acrosstheboard everything over 7 lower for the day. Oil hitting a low we have not seen since 1991 and that really did hurt shale producers across the country across the globe and it shifted investors to move their money into safer bet like ten year treasury bond and thirtyyear treasury bonds. We saw the ten year drop to 31 basis points, that is 0. 319. Not even percentages anymore. And the same thing for the 30 year yield, it fell below 1 . These are numbers we
Meantime, we are halfway into the trading day. Stocks mostly unchanged in. He s p we were talking yesterday about tax reform. Close to record highs for the major averages. A lot of euphoria. How do we get this tax plan enacted . What kind of lobbying are we going to see . Morgan stanley says this is a 2018 story when it comes to tax reform. Coming to my terminal on this side on the s p, we can see where the games gains and losses are coming from. We had a decent turnarnd this. Orning health care was one of the major leaders. Are two individual stocks i focus on this morning. When it comes to abbott labs, up [no audio] higher on gdp. Also, some centralbank action. We heard from janet yellen earlier. Rates, expecting a rate increase in december. All of this leading to a stronger dollar. Check that out. Iabsolutely will. Taylor, thank you. In our top story, wall street seems to be the big winner from trumps tax plan. The tax will cut individual as well as corporate rates. [no audio] peggy
Counting most troubled world remains closed for miles. And it looks like is going to stay that way for at least two weeks. One of napas county road catherine a rockslide came crashing down monday afternoon on silverado trail at pratt avenue. More of the hillside there in saint helena fell. Catherine it appears that most of the wall of rock will have to come down before drivers can safely get through. Just how helpful were the most recent storms theyve been so beneficial. That 40 percent of calfironia is now out of the drought. Grant just look at this video of the lexington reservior. Which is over flowing. But we can find kron 4s dan kerman live in the east bay tonight at San Pablo Reservoir with more on the drought. Reporter its truly been a stunning area. Reporter the recent series of storms filling lakes, overflowing rivers and covering the sierra mountains in snow. Reporter it is at 100 percent capacity. We had a very wet october and one of the web system and our history in effect.
There as fast as we could. Between my crew and a couple passengers, we got as much life saving gear as we could into the water. Reporter the coast guard rescued the victims who were trapped under the haul of the sailboat. They were trying to help the people from getting caught under the water. Reporter five adults and three children were sent to the hospital. The 5yearold boy it in Critical Condition. They will determine if there was any criminal activity involved. But its an active investigation at this time. Reporter because it is an open and active investigation, this is a developing story. So if we get any more details tonight at 10 00, we will bring this tom you. Were live on pier 45 in San Francisco. Kron 4 news. Now to the east bay. Officers tell us a woman was kidnapped and raped friday morning in oakland. This happened on international boulevard three blocks from an elementary school. The International Community school. Police say three suspects were involved in this rape and
Steve male announcer this is the bay area news station, kron 4 news starts now. Steve breaking news tonight. Police in san jose have re captured an escaped inmate. Any minute we are expecting a police News Conference. Steve im steve aveson. Add that i vicki vicki and im Vicki Liviakis in for pam moore. We are also following some developing news two people shot near an east bay freeway. An update on that story ahead. Vicki but first the latest on the escaped inmate. We first broke this story during our newscast at eight. Tonight we have video of the escaped inmate coming out of the home where he was holed up. This after a hours long standoff. Hot add that i had him steve steve Rogelio Chavez was one of four inmates who escaped from the Santa Clara County jail. Now all are now in custody. Jr stone joins us live at the jail. Reporter police re captured the othe inmate 26yearold Laron Campbell. Late last night. Officers received a tip. That campbell was hiding out at his sisters antioch ho