Now at 11 00 a live look outside. It is about to get hot. The areas that could see triple digits. And the red flag warning started 2 hours ago but whats more impressive is when it ends. Were going to talk about this. Amy Coney Barrett will decide cases based on the text of the constitution as written. President trump makes his Supreme Court selection official. The big challenges that could come into play. Good evening to you. Im bryan, well take a live look outside right now. A red flag warning in effect again and tonight the bay area is bracing for scorching temperatures. That has prompted a spare air alert for tomorrow. We will begin with meteorologist. Theres a lot there to unpack, bryan. The main thing we are going to experience is the heat and im going to talk about that next but first the headline has to be the red flag warning. Doesnt expire until 9 00 on monday. The number one reason for this in addition to the winds is how dry the air is going to get in the mountains overnight
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The temperatures over 110. Today its slightly sweltering. That extreme heat warning stays in effect up there tonight. As we go the overnight hours, though, we have this added concern, as we mentioned in the top there, that we have fire danger. A red flag warning will go into effect overnight tonight into tomorrow morning. Its mainly in the north and east bay hills, Santa Cruz Mountains, as well. Most folks probably wont notice much wind, but if the hills, they will. So this is always a dangerous pattern, especially after these low humidities. Low fuel moistures. High temperatures, after numerous days of it. So here is the model. Look at the arrows. Those are onshore, arent they . And were going to see fog back at the coast tonight. The model, im going to post the model forward. There is monday morning, or this morning, pardon me. And you see where we are now. In the blues, you see the contrast. But now i want you to notice up in the righthand corner of your screen, out in nevada, watch
Valuation and you get news crossing the wire that people dont know what to make of. Financials did hold up on the day. That appears to be a yield play. Our to extrapolate too much longterm. Taylor i would agree, particularly when you get financials and industrials. You are still seeing some more strength in dollareuro. Start to see some of those classic safe havens moves. I am curious, we will post this adam, next guest, larry if this feels like a shakeout day. Overbought. Eems so see where nextn opportunities present themselves in the coming days. Larry i agree completely and i think that is why it is so important for investors not to overreact for the one day. Levelx was at the lowest since the pandemic. Relative strength was above 70. In many ways, there was a lot of complacency settling into this market. I do think this will be a healthy shakeout so people can determine where there really is some good opportunities in the market. The winnerst is in that have been the winners. Carol
Data likely to report a substantial fall in Second Quarter of gdp. It will confirm a first technical recession in 29 years. Raced shinzo abe after he set his plans. The backing of the ruling party. Voters have another view. Haidi we are just getting south korea Inflation Numbers crossing the bloomberg. Slightly more inflationary when it comes to consumer prices. When it comes. 7 to the year on your number for soft arena. Southxpectations korea. Beating expectations. 3 . The month on month number of. 7 . Betterthanexpected expectations. Cpi caore number year on year coming at. 8 . Continuing to edge up. Still shy of 1 that we are looking for. We are starting to see a recovery when it comes to domestic demand. The influence of supportive base effects. Hoping to lift the inflation somewhat. We have the renewed resurgence in virus cases in the letter half of the month, likely to be accounting for the fall. Energy costs still low compared to the previous year. They are picking up. That woul