Alcohol. The board of supervisors are expected to give final approval meaning if the smoke is to that later today. Bothering you or if you have breathing problems you may still need to limit your time outside today. Other than that we are looking limited restaurants and give them the opportunity to apply at improvements today as our for liquor licenses which will temperatures head to the 60s near the coast and some upper be good for months. 80s inland. New streets that are closing mike, how is it looking for the are in and around the downtown drive . Area. The map will show you they are 13th, washington, highway 85 circled around telegraph and west webster. Winchester. A twocar crash. No injuries reported. All social distancing rules well track that. Still apply if youre heading out there. Happening today leaders in a nice easy drive at 5 01. San jose plan to vote on millions of dollars to help no delays through contra costa people during the pandemic. County. Back to you. If approved
Sanctions and claims to the South China Sea take center stage today. Stocks are shrugging it off. The dow up more than 400 points but the big tech is struggling faang, internet names that have been on fire are seeing weakness today. Were following it all 59 minutes left of trade. Certainly weve been all over the place in markets but were up as we stand with the major indexes we have a big line up of guests. In a few moments well speak with shrewsberry, cfo of wells fargo. And Robert Kaplan will join us and well speak with Michigan Governor Gretchen Whitmer an earlier biden endorser as biden lays out more details of his economic plan. Lets focus in on the big stories were watching at this hour wilfred has the highlights ph wilfred, start off with the banks here. The key focus, sara, as we expected it to be on provisions for potential bad loans. They rose from all the banks from q 1 to q 2 and rose more than expected. Wells fargos more than doubling quarter over quarter the big question
Opecs cuts may be draining the glut. The bank of japan prepares for unscheduled talks as the coronavirus keeps extra pressure on the economy. Help for Small Business tops the agenda. Downside are seeing a start to trading on this final friday session of the week. Overwhelmingly, the concern over these escalating tensions between washington and beijing, and now also, beijings expected move to impose the National Security law on hong kong and we are watching, in particular, the start of mainland trading as well as hong kong trading and trading in the hong kong dollar but in the meantime, we are seeing a downside view when it comes to nikkei futures as well as kospi. Sydney futures looking to extend losses of. 4 in the previous session although we could expect to see some modest gains when it comes to the Energy Sector given the gains and that story when it comes to the continued rally in oil prices. We are also watching trading in new zealand. We had retail Sales Numbers out in the last
Youl uber, spotify is testing new lows stephanie we were just talking before we got started this market has to give you a little bit of whiplash. Were up for a second straight day but hold your breath maybe things will change tomorrow. You cant get obsessed with it you have to either have to be a long Term Investor or day trade. Very difficult at this point look trade is obsessing everyone i cant wait for earnings. Im super excited to talk about banks. Im watching technology today. Technology is 26 of the s p 500 waiting. We have gotten a couple of surveys in the last couple of days that suggest i. T. Spending is slowly. 4 this year, 3. 4 next year you have to start to be more selective in technology. Again, a big component of the s p. I still think you want to be in semis, cloud and security. You want to be very specific on software and hardware. We had a lot of calls cash coming after the close last night two days in a row of gains and almost all sectors positive both days so within
Creeping into the 30s, 31 minutes. At the Altamont Pass, still in the green on 80, highway 4 and fyi, the travel alert on 101 has been canceled. All lanes on 380 fully open and functional. Great news for those going up the peninsula and those going into or out of marin county, its foggy and you will need extra time. For traffic, its clear. The metering lights are not yet on at the bay bridge this morning but they will be soon. Looking at that traffic stacked up, getting close to the 880 flyover this morning and the san mateo bridge is also busy westbound commute. Im anne makovec at the live news desk and north korea has fired up another series of Ballistic Missiles. Its causing international concern. This is the fourth launch in two weeks and the pentagon is calling them short range Ballistic Missiles and the north apparently is upset over prescheduled military exercises by the u. S. And south korea and we are hearing from some of those countries with the defense minister of japan sayi