Setting off investigation orders and and warnings at this hour. At least five different fires in san mateo and santa cruz counties. You know see the big plumes of smoke from the air above the fires. There are now Evacuation Orders in the area of Butano State Park, and people who live in the communities deer born park be under evacuation warnings. Altogether, these fires have burned about 1,000 acres, and right now there is zero containment. All right. Lets bring in our chief meteorologist bill martin now. What are firefighters dealing with, and is there in any positive news . Well, what theyre dealing with, frank, we have a live picture of the hennessey fire in napa. What they are dealing sat two and a half days of lightning strikes in the bay area. Unprecedented from my tenure of 35, 40 years in the bay area to have that much lightning that much over adoration over that large of an area. All bears counties had some strikes. Weve seen numerous fires. So cal fire is in a situation where
Well, he fixed that and then headed off to iowa and to arizona. In iowa President Trump offering the nations support for those who had been hit hard by the deadly storm that rolled through the state last week. President trump is right now in yuma, arizona, surveying there the construction of the border wall. He will also be accepting the endorsement from the National Border Patrol Council which is the union of Border Patrol agents. He will also be giving a speech comparing his stance on illegal immigration and Border Security with the open border and amnesty policies of one joe biden. President trumps speech comes ahead of the beginning of the second night of the radical dems virtual convention. Former First Lady Michelle Obama headlined day one, and she gave a ripsnorting, divisive, prerecorded speech that included lies about President Trump throwing kids in cages. It was a lie that even the leftwing National Media couldnt defend. Theco Associated Press pointed t the cages the former
3386 is the number to watch for that s p 500 record close. 59 minutes until the close we have a big show coming up to day the s p 500 makes yet another run at that record close bob doll will tell us why he is expecting the economic recovery to be more choppy. And why hes cautious in the short term plus, gaming the impact of the dnc. Well speak with a policy expert who says this weeks Democratic National convention could be a negative for the market even though its happening virtually. Right now, were going to focus in on the big stories were watching to day. Bob pisani is tracking to days action we have the latest on growing tensions with china. And joining us with his outlook for stocks is tony dwyer bob, start us off with the Broader Market whats going on behind the scenes and whether you think we could see that record s p 500 close today. When you get this close within less than 1 he , you usuy can get over it. Were still not there. 3386 as you heard before is the old closing high t
China trade talks are off. President trump says hes postponing any talks as leaders, xi jinping reportedly facing opposition from within his own party. Its another big day for retail earnings this morning. We are waiting on lowes, target and tjx opening before opening bell this morning. We are talking with apartment ceo after reporting double beat yesterday. He will talk about the pandemics impact on Consumer Habits and concerns over stimulus checks drying up. Markets this morning looking for another recordbreaking day, take a look at future, indicating a gain, dow futures up 51 points, nasdaq futures up 18 and s p and nasdaq continuing in record territory as you see there they are up this morning after hitting alltime highs yesterday. S p 500 scoring fastest rebound from a bear market in history. Yesterday the dow was down 66, but the nasdaq was 81 and the s p up 7 points. New york city is about to get sweeter, krispy kreme opens Flagship Store in times square, ceo live here at 7 20 a
Strikes. Look at that picture. Now, lets go back for 24 hours or so to sunday night, and look at this. Now, this is something ive never seen before in the bay area. Okay. Here comes the first wave. This is what woke you up, right . Strike, strike, strike, strike. A little bit of a break, and then a second wave, equally as strong in not stronger, 6 00 a. M. Wait, im not done. And then you keep going. 7 00 a. M. These are lined strikes, many cloudtoground, and then you get into sunday morning . Look at this. Okay. Then we get into the afternoon. It brakes off a little bit. Not bad. Get a little bit of a break. Thunderstorms die down, and then next wave comes through. That started late last night early this morning, and youll see this. Ive never seen backtoback storms like this. Here comes the next wave, next wave, and next wave. Look at this. So no wonder we have spot fires. No wonder cal fire is returning around just crazy out there. That has to do with all of the spot fires. Now, we ar