From todays apple event we start with a major selloff in the financials the biggest driver in the market with the xlf falling more than 1. 3 citi dropping 7 today under pressure that regulators could crack down on the banks Risk Management systems the stock is now down more than 12 in the past two sessions guy . Dan nathan has been talking about this for a while one of the things weve said is todays banks are much different than ten years ago theyve become utilities you have to look at them differently and you have to factor in valuations much differently. Ill say this quickly about citi right now at 45 the stock is now trading 63 of tangible book, assuming that tangible book is accurate thats levels we last saw probably in the financial crisis these are trough valuations in terms of the price of tangible book i think Warren Buffett told you everything you need to know about us banks hes obviously paring down exposures in banks i think that tells you a lot as well in terms of citi, its
Be blocking out the view as you do make your way into work. Current temperatures are in the 60s and 70s and for any aac at least the 80s to kick off this morning. Concord in livermore low 70s for you we have a nice little steady breeze pushing in so we are cooling off this evening, a nice touch to that. A hot weather that weve had otherwise look at these heat advisories, excessive heat warnings now in effect on the peninsula to for areas of San Mateo County San Francisco county. The only area that is not impacted by excessive heat warnings today. Now these do continue for one more day on into tomorrow so today and tomorrow, excessive heat warnings meaning temperatures in excess of a 100 degrees. Some pretty warm nights in these areas too. As for today, youre going to see a much less unsettled day. What that means much less chance of any sort of Thunderstorm Development couple days ago, you remember the storms we had sunday morning yesterday we had a rolling through the north bay right
For most areas. We have thunderstorms on sunday morning a few of them yesterday too that moisture plume that bought us brought us that rain and thunderstorm activity is further out west Still Holding on to that potential to our north right across the very northern part of the state. But today youll notice that the bay area little drier, the whole lot calmer than what we had been seeing, but still just as hot. Concord in antioch at one 06 for your highs livermore morgan hill portions of the north bay like napa and santa rosa well into the triple digits. 80s return for oakland in nevado more details and the rest of your forecast all still ahead back to you darya. Thanks a lot john lets get back to the big news which are the wildfires, 4 of them burning in the east bay and in the north bay. Likely all sparked by lightning, lets take a closer look at the map james. And i want to start in the east base we have the marsh fire thats that complex its burning near the sun all regional wildernes
For 175 years people have got to look at whats his given reason was given rise to this situation youve got to look at the. Crimes that we kill akes exposed the truth the wiki leaks spoken for example look at the. Video which came out in 2010 a video which went around the world and horrified people showing innocent civilians in iraq being gunned down that wouldnt have been seen by the world if it hadnt have been quickly simulate the wall logs in relation to iraq and afghanistan and similarly the treatment of people in Guantanamo Bay it is because if wiki leaks the world knows about these things because it wiki leaks the world to see the evidence of these things vitally important in a democracy the. Truth is known that we know what the powerful do in our name in the name of every citizen in this country so we need to speak up what we call it says dont need to depend defend press freedom we need to speak out against the extradition of jews in the United States america through feeling thes
A look at how europeans are coping with more cities going under quarantine. Volatility has gripping the worlds major stock markets as the coronavirus pandemics and share values plummeting tokyos nikkei index closed on friday down by 6 percent recovering some of its earlier losses the same 2 for hong kongs market losing just one percent there now all that follows wall streets biggest drop on thursday which was the worst since the crash of 1987 theres another concern in the u. S. To a delay in testing for the virus a Top Health Official says the Current Situation is failing but that more testing kits will be available in the coming week in europe schools across much of the continent have been closed for towns in spain have gone into lockdown and the country is really. Economic Protection Measures lets take a look at the Johns Hopkins university tracker for the global picture you can see it there total confirmed cases 128343. 00 total deaths heading towards 5004720 total number of people