Steve smith. Good tuesday morning, everybody. It is 11 00 a. M. On wall street and squawk alley is live good tuesday morning, everybody. Deirdre bosa with us we are kicking off one of the toughest months for stocks getting a nice start here as the s p hit an alltime high we continue to watch the large cap tech names that include stocks like zoom and percentage gains that make your jaw drop. Absolutely, carl. Speaking of zoom, i have been calling it the consult of zoom, we have been talking about those incredible numbers, climbing market cap, remember they went public at a 9. 2 valuation. Take a look at these results, this chart says it all the increase, the step up, year over year, the earnings was something to behold. And at the same time, guys, it is our job to throw a little cold water on a quality like following. If you think it can become the next blue chip tech stock we saw in the results last night that it is growing a base of small users and it is making up a larger portion of
It will slowly lift throughout the day and others will get some sun and clouds but 40s and 50s, very mild air mass in place. Cloudy drizzle throughout the day. Rain returns late saturday into sunday. Low 60s including san jose is 61. We are starting in the east bay steve but we are going to try to touch all the commutes. The each bay commute has a little bit of a delay here. You will also see some slow traffic on the east shore freeway. 33 minutes better than yesterday at this time getting out to the bay bridge is backed up for a little bit. Coming up we will touch on the san jose and the south bay commute. Now it is 7 02 pellets go back to the desk been we are working on a couple of developings story. One is in east san jose. Thats where a rescue operation is wrapping up after car ran off the road and into a creek this is the scene on clayton road. It took rescue teams about two hours to bring the driver back up the slope. Based on how far he went out mail slide, for him to be awake a
[indiscriminate chatter] rep. Neal will members and their guests please take their seats . The ways and Means Committee will come to order. That morning and welcome. We are here to discuss a difficult issue that confronts nearly every family in our nation and that is how to care for our loved ones as they age. It is certainly appropriate that we work to address this matter in november which is alzheimers Awareness Month and u. S. National family caregivers month. It is a deeply personal issue for many of us in the room, for those of us who have not personally struggle to ensure an older relative receive the care they need, you most certainly know someone in your life who has. Fragmented and insufficient longterm care system not only be confusing and emotionally taxing but also enormously expensive, indeed, even unaffordable. Inhome careock costs about 180,000 a year, it costs over 80,000 a year to live in a nursing home and assisted living causes 43,000 a year. These high prices certai
Creek near the town of byron. Right now the fires about 15, 20 acres. We are told that they do have it under control. No homes threatened. But you can see it is smoky and fiery out there. The crews will stay at that location to make sure it doesnt spread. We have super high temperatures of course. Well be keeping an eye on it throughout this newscast. Contra costa county where that fire is burning had the hottest temperature in the bay area today on a day of recordsetting heat. And more records may fall tomorrow. Lets check in with chief meteorologist jeff ranieri with more on that. Jeff. Concord did get up to 104 degrees. As you all mentioned, the old record was 100 set back in 2008. And with all of that heat today we are Still Holding on to some very warm temperatures outside. 79 in concord, 78 fremont, 75 san jose. And 76 in lake port. So the reality as you get up, you head out the door tomorrow, its some fast heating. You have to be thinking about this as you get up and get going t
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