Be the first time in a decade. But the Global Market certainty could push that off a bit. Well see. Put your seatbelt on, allen. Could be a wild week. He mentioned the tech stocks. Heres how other big names took a hit. Facebook closed down nearly 4 . Twitter was down more than 2 . And linkedin fell more than 4 . Other big story right now a milestone on the road to recovery in napa. It was one year ago today the ground shook and rumbled. The biggest earthquake to hit the bay area in over a century struck. The 6. 0 quake hit at 3 20 in the morning and was felt all around the bay area. Joe vazquez is live for us in napa with how that community is remembering and really celebrating a comeback. Right now were at Veterans Memorial downtown napa. The band is playing and they have selections like shake it up and i felt the earth move under my feet. Mg interesting selection but one person said were still standing. Reporter at precisely 3 20 this afternoon a High School Percussion band drum roll
Reporter moving them to another area may not work but the Host Committee tells us the basic plan to have so much going on, there wont be loom for the room for the homeless. Were going tornado entertainment, family activities, that will keep it vibrant, and 24 7 security. Reporter the mayors comments come as the city continues to grow, especially complaints among tourist. Its getting worse and there are more things happening. They cant be on the streets not just because its illegal. If they say no, you have to leave, and well give you an alternative, and youre going to have to leave the streets. Reporter wills police going to be involved . Public works, police, social services. They will all be engaged. Reporter its going to be aal order. If the mayor seems to be saying two things at once, he is. On one hand he wants to be compassionate, on the other hand, when the world drops in on the super bowl, they will be looking at San Francisco, and him as well, and he wants it to look good. Phi
La quinta live from the cbs bay area studios this is kpix5 news. A heart stopping day on wall street, tonight five words of advice for your 401k and apple ceo tim cooks unusual move to calm investors. Tonight investors have to be wondering what is next after getting taken for this wild ride. As soon as the opening bell rang, the dow dropped like a rock. Within minutes it had fallen over 1,000 points, but a midday rally started wiping out the losses, not for long, though. It plunged again closing down 588 points, a drop of more than 3. 5 . Asian markets are off to another shaky start today . Thats right. Since the market in shanghai opened its already dropped almost 6 . The nikkei is also down. For the past three sessions the opening bell has signaled the beginning to chaos on the stock market with the dow, s p and nasdaq taking massive hits. Michelle higgins is an east Bay Financial planner and money manager. She has five words for her investors. Keep calm and carry on. Reporter michel
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Minutes. Investors are hoping for recovery after huge losses on wall street. But though might not get it. Chinas main market just had its worst day in eight years. But the european markets regained most of yesterdays losses after Chinas Central Bank cut a key Interest Rate to stop the bleeding and that has american investors breathing easier. Jill wagner with the latest from the New York Stock Exchange. Reporter chinas main market plunged for a fourth straight day this morning one day after stocks suffered their biggest tumble in eight years. Chinas shanghai index lost 8. 5 monday. The massive selloff triggered by fears of an economic slowdown in the country. Part of the real issue is we dont feel like we know whats going on in china on a good day and this isnt a good day. Reporter the turbulence in asia sent Financial Markets around the world into a tailspin. On monday, the dow plunged more than 1,000 points in the first few minutes of trading. Then briefly it rallied back before clos