Services committee and how the markets may react. Then we will talk a bit about this try yant stake in our Parent Company comcast, what is the behind the thinking at triant and what if anything may owe dur as a result. Teslas battery day, where that stock is trying to recover this morning after yet another tweet from elon musk which is part of the discussion today, jim. Whether or not hes setting expectations in a different way saying that some of this high volume production is a phenomenon still a couple years away. Hes giving us an underpromise, overdeliver, i think, which is highly unlike him, but it could make more a little more pizzazz. Theres been so much talk about battery day, maybe he lowers expectations an blow them out. People come out and want to buy tesla, want to buy amazon, positive notes about apple, positive note about facebook its just become the pattern youre waiting and waiting for when the selling is over and then, david, they cannot resist. Theyre down 15 and 17 p
Conversation later this hour. Katie welcome to bloomberg markets. Looking at stock markets on this morning, you can see is pretty quiet. The s p 500 is unchanged, big tech is trying to stay green and the nasdaq is currently up about 0. 3 . We did have ppi coming in hot but a downside surprise relative to expectations. Thats giving a little bit of relief to the bond market. The 10 year yield is higher but only to the tune of about two basis points. Thats relatively quiet relative to what weve seen earlier this week. All eyes are on ai and and amazons annual letter. They say the Cloud Infrastructure will become an essential part of the ai move. They are optimistic that much of the world changing ai will be built on top of aws. We have more details. It makes sense that they would want that to happen. One of the things Everybody Needs to remember, amazon has a commanding lead in Cloud Infrastructure. The thing they dont have now is a very close relationship with openai. Chatgpt is the buzz
There had been bad blood between the two following kane investigation of they sandusky case. The motivation for these acts as etch posed by the evidence we gathered and in the attorney generals own words is this is war. Fina now with the Philadelphia Da Office could not be reached today. Kathleen kane says she will vigorously defend herself in court. She said she looks forward to leading the office of attorney general. Governor wolf says she is entitled to her day in court. I dont know how she can defend herself against these serious charges and continue as the top Law Enforcement in pennsylvania. Kane is to turn herself in here in Montgomery County over the next few days. Why she was not booked today kane has out of town attorneys and as a courtesy she agreed that it would happen later. Live in norristown john rawlins, channel 6 action news. Action News Coverage of this big story continues online, can you see the list of charges against kane, the full statement from Governor Wolf and
8 00 oclock is your time and we want to get a check on the forecast with aj because it is ever changing these days. There look at storm fox Doppler Radar a couple of showers around with the sprinkles, but by far the more impressive rain to the south and west just getting into mansfield a beautiful shot at burke lakefront it appears badges are going smaller and smaller visibility down to attempt of a mile so there is dense fog in pockets out there. Seventy to the top outside right now 71 in akron canton. Partly cloudy thean full corn moon pockets of shower that will dissipate by sunset tonight. The foam and will likely be up there and all its splendor. Traffic time with the one and only patty harkin. Kind of busy right from the get go this morning. We do have an accident d with chris responding do expect some delays down in the area they just process of 77 so residualti slowdowns to 21. Seventyseven at route 18 so no longer blocking the active claim that is good news. This is 90 at hill
To sea, thats when well see things heat up. This is margate showing you a view of the shore right now. We still have a rip current threat and the skies are getting a little darker with rain off in the distance. That is one thing were continuing to watch for the rest of the day, high risk of rip currents through this evening because of hermine just sitting off the coastline. The winds are still a little breezy because of this. Mostly the north wind direction, in philadelphia and wilmington, 17mileanhour winds in Atlantic City. Breezy for the rest of this evening. Our temperatures today, though, 86 degrees right now in philadelphia. New jersey coming in mostly mid to low 80s. Lehigh valley about the mid80s. Things are heating up. If you look at the sevenday scrolling right at the bottom of your screen, youll see we have a stretch of 90s in the forecast. Another heat wave. So summer is not officially over yet. Well take a closer look at the heat wave coming and whether that will last into