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On united. Lower after reported earnings. United losing 1. 8 billion in the third quarter. Thats not a surprise. Everyone knows what has been happening. The numbers were a wider loss than estimated revenue fell 78 , coming in shy of expectations at 2. 48 billion. The metric everybody is focused on is the daily cash burn. They were losing 50 million a day at the end of march. They brought it down to 40 million for a daily cash loss. Bring it down to 25 million in q three. Their core cash burn comes down to we heard delta say we think we will break even in the spring united is not addressing that. We know that will come up tomorrow i suspect that united will give guidance liquidity. The company is stressing it believes it has the cash on hand to get through the pandemic. No one knows how long this will last, how long the airlines will be down, a year and a half or two years. But united feels it is positioned welcoming out of the third quarter. We have an exclusive tomorrow morning on squ ....
Education arne duncan. We should not be in this situation. Other countries are not. We should not even be talking today. Lost,f thousands of lives the impact on millions of millions of children, education around the country, is extraordinary. It is tragic, there is no easy way to put it. Having said that, on the local level, unbelievable leadership empathy, compassion, urgency. Im talking about superintendents across the country trying to figure out Food Distribution, telehealth, social and Emotional Health during tough times, and yes, education. Horrific leadership at the top and amazing and Inspiring Leadership at the local level. So as a have four kids, parent i am feeling this, my kids are learning remotely as we speak. We are lucky we have access to technology. Still, even i am concerned. What are your bi ....
Predictability. Strong winds blanket the bay haze fromdark, thick wildfires throughout the state, rolling blackouts as firefighters prevent more fires from breaking out amid extreme weather conditions. Joining us now in new york city, bloombergs abigail doolittle. I hope you have clearer skies than we do today. I want to talk about the tech rebound, the biggest rebound after the worst stretch since march. Saying you nailed it the only certainty is volatility. That is going to continue, it seems the worst stretch since march, and then today, the best day for the nasdaq 100 going back to april 29. The big question is whether it will last. Will investors continue buying the dip, knowing what they know about options volatility going into august . You jump in that huge down. Apple and tesla, certainly a good day for each. Apple, down 4 , excuse me up 4 today after dropping more than 10 over a few days. Nothing changed in that story. That tells you the degree of hesitancy, uncertainty on the ....
9295 for san jose. A good 20 plus for some and strong lows down in Southern California and not impacting us. This will be the warmest day. The heat advisory starts until 9 00 p. M. Tonight and highs have soared well above the seasonal averages but by the weekend they will be below. Thats the way its been here. Today is going to be hot. Overton South Holland we get an update here. Is there anything going on . There is nothing going on right now, steve. Traffic is doing very well. As you drive around the bay area no problems here at the bay bridge toll plaza and it looks very good and there have been no major issues here if you drive inadnes. Thank you, cell. The mother of George Floyds daughters spoke publicly for the first time. Im here for george because i want justice for him i want justice for him because he was go ....