We start off with a major reversal on wall street. S p 500 gave up gains around 2 00 p. M. To finish close to session lows same for tech stocks you saw the same thing play out in facebook and netflix, both stocks starting strong, finishing around session lows. You can extend this to regional banks, health care, energy, small caps what does the action today tell you, guy adami its not encouraging. Im not going to make a deal out of today yesterday we had the show of hands. I dont think any of us were convinced by the rally ill continue to say a 30 vix suggests were going to see days of 1. 52 moves. I happen to think on aggregate its going to be lower im not trying to be all good morning and gloom, but the environment we find ourselves in in terms of a lot of Different Things as we head into the fall, on top of which an election is probably a coin flip, i dont think its particularly bullish for the Broader Market and especially on the back of a rally thats been historic karen i did raise
Streak as the tenyear pulls back from highs. Bob pisani here at the nyse. Lets start with you. Listening to this lovely music. Im 12 years old again another thing about today, selloff in the middle of the day. Three days in a row this is happening. Up 350, cut essentially in half. The market started very strong in fact, the cyclicals were the story. Looked like early january. What i mean by cyclicals, growth names. United technologies up 3 . Thats moving the dow up 30 points boeing was much stronger earlier in the day still up but a classical cyclical name. Lets show you 3m. These are all dow components, cyclical stocks, all of them, up 1. 5 , 30 points. This was 237, 238 and now back to 235 caterpillar up 2 , fourpoint gain another 30 points. This was almost 160 just a couple minutes ago finally, one group that hasnt been doing that well today, the bank stocks. Goldman sachs, all the big bank names are down fractionally. Even though there hasnt been huge moves in the tenyear you cant
Clear lake. Laura anthony is there and has been talking with people who have been evacuated. Reporter hi. We are just a few blocks from downtown lower lake. This is a residential neighborhood. As you could see, homes here, dozens of them, destroyed. Certainly on this side of the street. In that downtown area things dont look much better. With the clayton fire still raging to the east and aerial tankers and firefighters doing their best to top it, all of the weary residents of lower lake can do is watch, worry and hope. What is your hope . My hope was that i might still have a house here. Reporter matt and crystal live on winchester street, just a few blocks from downtown lower lake. Here, home after home is gone. And though she hasnt been allowed back in yet to see for herself, it is a reality crystal has begun to accept. As long as the lives are safe and the animals, we saw people getting animals out and everything and Everything Else is is rebuildable. Reporter downtown a singed vine
Nothing. Nothing. 03 vo continues so much loss. So much damage. Tonight the devastg we have nothing, nothing. So much loss and so much damage. Tonight the devastating wild fire in lake county is being pinned on a sear willurial arso. The news starts right now. Thanks for joining us on this special edition of nbc bay area news. Im raj mathai. And im janelle wang. One man might be to blame. Here is what we know about the socalled clayton fire. It started saturday but picked up sunday ripping through clearlake and beyond many hundreds of people forced to evacuate. Tonight this twist. Athorities announcing Damin Pashilk has been arrested. Here is his picture. Accused of being a serial arsonist, theyre blaming him for starting over a dozen fires over the last year. Cheryl, this is a huge development. How did they track him down . Reporter theyre really not saying exactly how they tracked him down. Well probably find out more about that mr. Tin the coming d. Right now im standing where two h