Good morning it is 8 00 a. M. At tesla headquarters in palo alto, california it its 11 00 a. M. On wall street squawk alley is live good Tuesday Morning im jon fortt with Carl Quintanilla back again it is a busy day on wall street with the dow hitting an all time high making another run at 30 k. That comes as president elect joe biden is reporting tapping former fed chair janet yellen to run the treasury department. Tesla is continuing the record run now topping half a trillion dollars in market cap. Making elon musk the worlds second richest person on paper and apple making another concession, carl on App Store Fees a lot going on yeah. We talked about that early moving being the small crack that starts to widen as for tesla, i mean, whether its some of the reports about a hatch back in europe or longer range vehicles or just enthusiasm over the ev space as we gheet into a Biden Administration on top of the gm news yesterday, jon. So there is a lot happening in the ev space and then m
Oracle shares rising on news the company could be the winning bidder for tiktok but it will not involve an outright sale. Bytedancehinese owner Sarah Ponczek has been following the ups and downs. Tech has been leading the comeback. Also, this latebreaking news ikola, and the sec investigating the company over shortsellers. Sarah the last i had checked, down about 8 or so after the market closed. Examining nikola based on this claim that came from the platform hindenburg. 30 , 35 ors fall so from last week. It has been quite the ride for nikola. Still up more than 200 this year but certainly getting hit pretty hard after these original allegations took hold. Now, getting even more focused with the sec taking them on. Emily this on the back of gm taking a huge equity stake in nikola. Lets talk about tech more broadly. News, continuing development. Oracle is in the leading position but a potential deal still under review. Oracle shares did rise. Walmart could still be a part of this. Sara
Welcome to the august 19th twept twenty meeting of the San Francisco police commission. Thank you for bearing with us. We had a few technical difficulties. Could you please call roll. roll call you have a quorum. Also here tonight chief scott from the San Francisco Police Department. Commissioner is not on video tonight due to some Internet Connection issues. But he is here on audio and able to participate in the meeting. Members of the public who wish to make comments on items on the agenda can call the number on the screen. Access code. As always please mute your lines. Mutiny televisions or devices that could contribute to background noise. It becomes difficult to hear speakers when comepter commentee things that are not muted. I thinkyou said we have two minutes of Public Comment. If you could please call the first line item. Line item one. Reports to the commission. Provide overview of offenses occurring in San Francisco. Provide summary of plan, activities, and events. Any unplan
Thank you for joining us today. Madam secretary, please call the first item. The first order of business is item one, role call. Commission members, please respond when i call your name. role call . All members are present and the next order of business is item two, announcements, a, announcement of Public Comment procedures, be advised a member of the public has up to three minute to make pertinent Public Comments on each item unless the Commission Adopts a shorter period on any item. During each period, viewers online will be instructed to please dial 140 8481388 and enter 146 7662374 and press the pound sign twice to enter the call and press pound three to enter to speak and you will hear, you have raised your hand to ask a question, please wait to speak until the host calls on you. When you hear your line has been unmuted, this is your opportunity to provide your Public Comment. You will have three minutes. Please speak clearly and slowly and you will be placed on mute once you sto
It is official. The pandemic has triggered the steepest Economic Contraction in history, but markets in this final hour dont look nearly as bad as they did when the number for gdp q2 came out earlier. Right now, the dow is down 193 points but the low had been a loss of more than 500 points. Yes, we saw that the covid had created a stunning collapse in growth but nowhere at the moment where we see the nasdaq up 56, thats where we see some real strength. But the reaction is most prevalent in safe haven government treasuries. To the tenyear yield which moves, by the way, inversely to the bonds price, diving into a hole. We are at. 55 for the tenyear yield, as worried investors decide it is risk off. All right. So President Trump is making comments right now at the headquarters of the American Red Cross in washington, d. C. Lets listen in for a moment. These therapies transfuse powerful antibodies from the blood of recovered patients to help treat those battling the current infection that