Well see if the fed numbers have any effect. In our road map this morning. Tesla slapped with a downgrade on valuation. Well hear about the companys future from the ceo. Microsoft set to cut more jobs. And apple watch sales plunge 90 . Well run through some of those numbers. First, futures are up sharply. Steps by chinese officials to stabilize markets and restore Investor Confidence failing to start the slide. A lot of the trading, brokerages people are obviously upset. Companies are being asked to buy their own shares in the national interest. Its getting interesting. I think that its terrible. I think that i want to be really clear about this because panic is a bad, not a strategy. Someone was saying on twitter, is it a falling knife . This is 100 signwayteinways coming at you. And this market is a little bit bigger than we thought. Its only 40 of the gdp but there are some horrifying statistics and these numbers are all phony. 74 of the stocks arent even trading. You cant get out o
Terms of flights that have yet to arrive at sfo perhaps because they were grounded someplace else earlier than they can arrive and go on to their next destination. Most passengers remaining calm but they are frustrated necessity did not get more information from United Airlines employees saying all of the updates were coming from social media and news websites and word of mouth. Long lines and a lot of people at sfos united terminals. I am not pleased. We came in we could barely get into the door because the lines were so strong. United said the Network Connectivity issue caused the backup. Specifically, an issue with the router according to a United Airlines spokesman. The issue impacted the ability to communicate data to planes on the ground. That is why the federal Aviation Administration grounded all flights. United said nights in the air were not directly affected and sfo boards were filled with delays. Passengers say United Airlines representatives did not share any information w
The north carolinaew York Stock Exchange said were dealing with a technical problem were working to fix as quickly as possible and meanwhile the european markets dub the great fall of china, trillions of dollars of value wiped out in the past few weeks. This investor thing is turning into a stampede. The market has a financial crisis but there are still a lot of tools and leverage to avoid that. Reporter in europe, a volatile situation and greece a few days away from a bankruptcy and collapse and concerns the collapse in greece could have a Ripple Effect for the rest of the eu and United States. Theres a lot of schickiness in the markets because of whats happening in the United States and greece. Without unity in greece, we will wake up in four days in a different europe. This is really and truly the final wakeup call for greece and us, our last chance. Reporter the new York Stock Exchange reopened just shortly after 3 00 just before the close closing bell. The wall street journals web
Last week in the water off pier 14 where steinle was shot and killed. Earlier, the gun was shout to be the rangers personal weapon. Although sanchez has admitted to firing the gun, he pleaded not guilty to the chunk to the charge of murder. What is your plea . Translator not guilty. The public defender says sanchez only has a second grade eget education and the shooting was likely an accident. He continually repeated in spanish, im not guilty. We can confirm that mr. Sanchez did not know kate steinly and had no reason to want her to be harmed in any way. Sanchez is accused of firing the bullet that killed 32year old Kathryn Steinle as she was walking near the Ferry Building with her father and a family friend. Hes being held on 5 million pail. Hes set to return to court july 27th. Developing news at this hour, just before the close, the new york stocks ecchange is expected to resume trading after an almost 3. 5shower shut down for what the New York Stock Exchange was an internal issue.
Good afternoon, rick and sara are off and im Matt Odonnell. Trading is halted at the new york stock exhange but first chopper 6 hd is over the scene of a bank robbery and shooting at a bank. The robber walked in an official was inside and gave chase and shot at the robber just off of warminster road and one person was taken to the hospital action news has a crew on the way to the scene well continue to update you on action news an on 6abc. Com. Now, to the other breaking news story, this one from the floor of the Stock Exchange in the last few minutes all traded was halted due to a technical outage, there is no evidence that it is related to a hack attack but a software or hardware issue no trading right now on the new york Stock Exchange well follow this story and bring you the latest details. United Airlines Flights are taking off again after a computer glitch grounded all planes this morning. The outage led to long lines at airports across the country, this is the second time it has