The fda approving a 5 15minute rapid test the ceo will join us thats a biggie as power lunch starts right now thanks as august comes to a close, its been a stunning summer rally the dow up 13 the s p up 15 and the nasdaq up 25 . Bob has more for us. Bob. August is usually a nothing month. Not this much. Usually august is typically flat to down. Were up 6. 8 so far best august since 1980s. April, may, june and july have been pretty good monthly gains five months in a row. Why is it happening . Everybody wants to think its apple because apple is up 18 . The s p would be up 4 rather than 6 . Its a lot more going on than apple. The pricing are pricing at some economic rebound could see the returns. The dow transports are up. Thats a cyclical group. The russell 2000 is up high yield is the best performing bond asset. This wouldnt be happening if they were projeking iproprotecn economic downturn. The better argument is theres a bull argument thats winning the argument so far. This is the arg
Here a look at the weather already. Sunshine with 50s downtown. Upper 60s in mount view. Temperatures in the middle and upper 60s in inland valley. Well see the temperatures turn back today. First part of the day enjoyable. Then when the winds kick up. Not only will it feel cooler it is blustery so that wind machine continues to start the weekend. Also to finish it. Details coming up. And this morning were keeping a eye on the brush fire that burned overnight. Happening off deer valley be be bellfor roads. No evacuation warnings were given. There is no place in our Police Department or our union for racist or bigots. And more developing news this morning. Several active and retired San Jose Police officers are accused of participating in a closed Facebook Page full of racist posts. The police union has already taken several actions in response including a plan to expel any officer involved. Say this to anyone who participated. San jose Police Officers association will provide you no sh
Lets get started with a check of our weather with darren. It is windy out there and it is cold out there. Is more of a fall like weather pattern for the rest of today than you would expect for late june with july right around the corner. I noticed the wind driving up. There is going to be a windchill fact into it. First of all for the first time in a while we can actually see from our cameras on top of the salesforce tower. That is a sign we are beginning to clear out a lot of the marine layer that is been hanging around. The temperatures do not tell the whole story even though the 48 in santa rosa is a bit chilly. The real headline is the fact that we are going to see gusty winds particularly through the afternoon. I will show you how those pickup coming up in your complete forecast. There is your headline. By the afternoon it gets windier. For much of the rest of next week things will quiet down. Current wins in the 20s but they are gusting in places. There are your daytime highs are
Itll be nice today. Temperatures bumpy, cold for some 30s, 40s on the temp. Santa rosa is 48 because they have a little northerly breeze. But palo alto down to 42. Menlo park in there. Woodside atherton as well. Middletown 40. Look at upper lake 34. Ukiah 36. Fairfax and anselmo 41. Sonoma 39. So, i mean, theres some cold readings for may 1st. We look good though, so i mean its weather does to 1st of may and well have lots of sunshine clear cool morning, lots of sun breezy. It does look warmer for all said 70s to near 80 for a few. All right. Sal is here. Good bad. Indifferent. Whats going on out there . Yeah, its not too bad out there as a matter of fact, westbound 24 and the east bay. We have a couple of things to tell you about. But let me start with 24 westbound on the way to the caldecott, you will see traffic that is going to be just a little bit slow. As you drive over to the lafayette area. It gets better, and once you get over to the bay bridge, it is backed up to the maze and
30,000 people from four different cities are under evacuation orders. 150 homes have burned. 12,000 other buildings are in the path. In Los Angeles County the skirball fire is at 5 containment. This fire started yesterday around this time and is burning near the mansions in bel air. A neighborhood that has not seen a major fire since 1961 one 500 homes burned. This time, four homes have been destroyed. 700 homes and apartment buildings and a school in West Los Angeles have been evacuated. Officials cannot say how many people have been affected. The creek fire in Los Angeles County has burned about 20 square miles. 150,000 people have been ordered to leave their homes. Four buildings have been destroyed and 2500 homes and businesses are threatened because the wind has been pushing the flames and carrying the embers into the hills where they set new fires. The problem is worse because of extremely low humidity. It is drying out the grass and brush. Crews have made progress fighting the r