Laura. Jim, one of those every now and then we get a day that is truly consequential and that certainly fits at least the expectations for powells speech. I wish that we hadnt come in so hot when you have a company that gains 50 billion in one day, salesforce, when you have a tremendous number of nasdaq stocks that have just kind of out of control to the upside you dont want to have anything that could disrupt that i think its heightened, im glad were covering every minute of t david, you know that this is a day that we would normally be talking about abbott labs and talking about the mysterious tiktok mayor issue which are both huge stories but we have to defer to jay powell. We do we have to defer to powell we have to continue to understand what the fed Balance Sheet will look like with that 3 trillion thats been added to it which is a staggering sum, guys jim, your point is well taken. Yesterday salesforce i have rarely seen anything like that move, yes, they were extraordinarily st
Mid60s for bay and the coastline, and headed into the afternoon, the clouds the increase and temperatures come down but we have a warmup on the horizon and i will tell you when and where in the sevenday forecast. The roadway is not too too much of a problem but westbound 580 you will be on the brakes from the pass and into livermore. Healthed over to redwood city we have Police Activity and you are advised to avoid the area and the bay bridge toll plaza shows the metering lights are on. You can see the headlights from emeryville. We are following developing news from stockton a mother of two is dead along with a pay of Bank Robbery Suspects and now the victims family is demanding answers from police. Katie marzullo is at stockton where an active investigation is underway. This is where the shootout and the chase ended and investigators are on the seen with a huge question to answer this morning. You can see them kill clothing evidence. The big question is who killed misty holtsingh . [
And how it works when the media bistro chief executive joins us. Biotech, how the nylon investeutical ceo will 700 million in his biotech firm. All of more and next hour. First, lets go to su keenan for headlines in the newsroom. Center stage with google reporting fourthquarter profits that fell short of estimates. I drop inies advertising profits and profit excluding certain items was 12 and one cent a share, ms. Lane missing analysts projections. Meanwhile, amazon reported profits that trailed estimates. They saw a surge in costs to ship gifts over the holidays. Shipping costs accounted for 4. 7 of total sales compared. Ith 4. 5 a year earlier zynga will cut 15 of its staff and by popular mobile developer. They reported a narrower quarterly loss. Ceo, lloyd sachs blankfein, got an 11 larger stock bonus for his work last year. He received more than 80 8000 restricted shares of the january 28 valued at 14. 7 million. Thank you very much. Now some breaking news surrounding microsofts se
In biotech, how the nylon pharmaceutical ceo will invest 700 million in his biotech firm. All of more and next hour. First, lets go to su keenan for headlines in the newsroom. Tech taking center stage with google reporting fourthquarter profits that fell short of estimates. The companies i drop in advertising profits and profit excluding certain items was 12 and one cent a share, ms. Lane missing analysts projections. Meanwhile, amazon reported profits that trailed estimates. They saw a surge in costs to ship gifts over the holidays. Shipping costs accounted for 4. 7 of total sales compared with 4. 5 a year earlier. Zynga will cut 15 of its staff and by popular mobile developer. They reported a narrower quarterly loss. The Goldman Sachs ceo, lloyd blankfein, got an 11 larger stock bonus for his work last year. He received more than 80 8000 restricted shares of the january 28 valued at 14. 7 million. Thank you very much. Now some breaking news surrounding microsofts search for a new chi
Anniversary of hurricanesandy, helping homeowners keep heads above water. That and more tonight on nightly Business Report for tuesday, october 29th. Good evening everybody and c welcome. On this day in 1929 the stock market crashed and 20 points meant 12 . Today, 84 years later the dow closed at a record high and the s and a 500 and the mid cap 400. Call it green tuesday, if youd like and some Economic Indicators market pros watch are flashing yellow, maybe even red. More on that in a moment. Here for the record are the numbers on wall street today. A day of historical irony as the policy makers convene to discuss the economy and what to do without it. The dow with a lasthour sprint was 111 points and nasdaq gained 12 and s p add add 10. Investors bought up stocks. Retail sales fell in september down 1 10th of a percent, the first drop in six months. The decline because of a big drop in auto sales. Home prices cooled off. The s p index that tracks shows home prizes rose 1. 23 in augus