Treasury secretary triggered more fear than any episode of stranger things. Look at the nasdaq, taking the most outsized hit right now, down 89 points or. 75 . The dow is lower by 142, s p down 20. Our floor show traders are mobilizing right now in front of their cameras to root out the markets hidden Pricing Power players. They will tell you how theyre doing that right now. Just 24 hours after that apple event cameo, verizons ceo is here on the 5g future hes promising apple iphone 12 buyers. What 5g really means to you and me right now and what will it take to get those ultrafast speeds into areas still operating in some cases way back on 3g . Hans vestberg with us in just a few minutes. The Telecom Giant joins us. And spac to the future. A new spac ready to clean up in more ways than one. Former nrg ceo david crane taking his Clean Energy Investment to the public markets. What will it take for him to open up his blank checkbook . We will ask him in a first on fox business interview.
He will propose to tell the eu you will let brexit talks fail rather than compromise. The Withdrawal Agreement is a legal obligation. Congress returns amid a standoff on stimulus. President donald trump says its democrats that dont want the deal. ,e speak with a high speaker nancy pelosi, later today. 9 00 a. M. In downtown. Annmarie, good morning to you. You rummage around in a top read stories. We both converged on tech and beyond. Peter oppenheimer, who we both interviewed several times, believes in tech. As we come back after labor day. Its not 1990. I will ask how old you were in 1990. Evaluations are not stressed. Good morning, how are you. Annmarie i think we are probably in very different places in 1990. Manus [laughter] annmarie oppenheimer is taking the bullish view on tech. Their Technical Strategist says history, if its to repeat itself in terms of the market, we will have a third day, which would be today. They are seeing this downdraft, but oppenheimer is looking at the p
Various governors about how and when to reopen the economy. Jobless claims we are expecting would bring the total over the last four weeks to 22 . Economists say that 20 employment at the peak is a realistic scenario for the united states. Sarah ponczek, talk to us about the rally today and how big a parnas tech have to play . Sarah tech really has played a very large part in the rally. You mentioned the s p up 3 . Your techheavy nasdaq, up 4. 3 . Google, microsoft, all of them at more than 4 . Yesterday, we saw the s p fall 1 while the techheavy nasdaq rose 1 . That is a discrepancy we have not seen in the history of the benchmarks. Aureen moore, tech is seen as safe haven play. You can look at these discrepancies to see how important not just tech but really these large mega cap names have been playing in the rally. Equal weighted version of the nasdaq. Amazon, microsoft, still down 7 on the year. Cap, where they really do rule the game, now less than half a percentage point away fro
46 in oakland and 49 downtown francisco. As we head through the afternoon some highlevel clouds looking at mostly sunny skies. Upper 50s for the coast the low 60s for the bay. Highs about 5 degrees above average for this time of year. 65 in san jose, we will talk about and to track what we will see the return of some wet weather for us coming up. Good morning. Enjoy the commute while you can. It is holiday light. And it is. Look at the bay bridge. Easy right here across the span into the city with no metering lights at the plaza. Richmondsan rafael bridge in the commute direction some roads on the road but very and east bound we have reports of a broken down vehicle that is blocking one lane write admits span but not causing a lot of problems. Heads up for an accident westbound 80 at redwood parkway. It is to the shoulder and 80 is moving ok in both directions. Slight delays out of the Altamont Pass an easy commute for writers coming out of trace. A deadly aircraft strike in iraq kills
We will see the sunshine and then some changes with a weekly weather system bringing a some showers. I will talk about this in just a moment but here is a live look with art Treasure Island camera. Is a cold start in livermore, santa rosa, upper 30s and 40s. Mid40s in oakland and about 50 degrees for downtown San Francisco right now. As we head through the afternoon upper 50s for the coast, mid60s in line, josi sunny skies as we head through the afternoon. We are looking at temperatures on the mild side for sure. Mid60s in san jose, concord in the upper 50s so temps about 4 to 8 degrees above average. Will time out era wet weather ahead coming up. Start to kill your mood so far things are pretty clear especially if you are taking the bay area bridges. Only a slight backup and i mean slight, just a couple cars in the cash lane. It is quiet even with a bit of the backup. A nice ride out of the east bay into the city. East shore freeway not seeing any delays. All of our bay area bridges a