The last 20 minutes or so. Nasdaq is down 33 and 3 quarters. Now these numbers coming after signs of the spread to have virus stabilized in hot spots. That led to strong rally yesterday. Here at the close yesterday, the dow gaining and s p entering bull market. U. S. Death toll topping 14,080 but there are signs that the spread is slowing in hot spots. The cdc issued guidelines to get to workers. The Trump Administration requesting 250 billion, democrats want additional 50 billion. Fed chair jay powell will be giving us an update on the economy and actions taken to combat the impact of the virus, thats today 10 00 a. M. Eastern time. More to expect from the fed. The today is a big day for oil. We are watching the contract right now. Its up almost 5 and a half percent. The investors are watching the opec meeting including saudi arabia and russia, can they come to an agreement . All rising on hopes of a deal to cut production and bring an end to the costly priced war. And then there was
New notice, saying that the fed will use all its tools to support the american economy. The s p, yeah, it came up off the floor, but it is still down 64 points and the nasdac is still losing 126, todays selling follows the worst single day point loss in history, for all three indices. What will happen in this final hour of trade . It is also the final trading day of february, so what were going to do is keep you rock steady and solid with everything you need to know. Since the thundering bullherd got spooked by the threat of the coronavirus, total equity losses so far coming into today topped 4 trillion. All 11 sectors in the s p right now are in correction meaning they are off 10 or more since their recent highs. Joining the dow, nasdac and s p, as markets fall into correction territory, and are staying there folks the past six sections mark the fastestever decline from record highs all the way down to correction for the s p and the nasdac. The outbreak making its way now into sub san
Striking distance, stocks are on track for what would be well see, the first loss in four sessions, but really cant get much of anything out of the future moves right now plus, deal or no deal, tmobile sprint battle heads to court. 13 state attorneys general led by, of course, california and new york are seeking to block that merger. And it is an m a monday, we have two big premium deals in biotech, sanofi and merck. Im going to get to that jim does too stock picking so important there in terms of figuring out where those premiums are going to end up stocks overall set to look for a modest open this morning, this after fridays jobs report rally. That resulted in the s p erasing its losses for last week trade once again in focus here, heard jim talking about it on squawk box. The next round of u. S. Tariffs against chinese goods set to go into effect, this sunday so we are now counting down. And new data Shows Chinese exports to the u. S. Fell 23 in november i dont know how much more th
Now, at 4 30, looking live from our exclusive Salesforce Tower camera, we are looking at the chase center, the new home on the Golden State Warriors and we get a peek inside, pretty nice. Its tuesday, august 27. Good morning. Im michelle griego. Im kenny choi. Lets get a check of the forecast, good morning to marry. Changes today with more humidity and more clouds with highlevel clouds in the sky because of what was left of the Tropical Storm ivo bringing moisture to the bay area. You can see the roof camera with clouds in the skies and temperatures low to mid60s. Today, we see highs a little bit cooler compared to yesterday but still above average and with that humidity we will be feeling hotter as well for the inland locations. 94 in concord with a high yesterday of 99 but with the humidity, it might feel hotter. 88 in san jose, 72 in San Francisco and upper 60s for pacifica. We will talk about the work week, coming up. Your main travel times at 4 32, so far so good and in the green
The fire was reported at around 2 pm. We just got an update. Now 40 acres have burned. The chp says that highway 128 is closed to traffic between rack canyon road. We talk about evacuations, homes in that area are being floored cleared by the authorities. Emergency services said that the Evacuation Order is and affect for those homes on the southside of 120. Calfire has brought in a number of their crews both on the ground and the air. The fire can be seen from the city of napa. Obviously, we are keeping an eye on this and we will continue to watch this. As it is we have more information, we will pass along to you. In San Francisco this afternoon, concern about Pedestrian Safety is growing. After a man was killed and his wife was injured by a speeding driver. We know now the identity of that driver. We are live from the intersection from this crash unfolded. This is one of the cities notorious intersections. Reporter thats right. This is one of the most notorious intersections. You can