seven cents an hour on a day where the dow was at forty eight point two two points forty forty the dow jones is at forty boy that was a good day to be along the dow but it was so you're the one to one parity using this rule of thumb you're saying gault with the dow jones at approximately eleven and twelve thousand announced let's say the dow jones comes in and we have a one for one parity anywhere between five thousand and ten thousand on the dow kind of is that what you're saying yes we go into a big diesel ation maybe go peaks at three thousand dollars an ounce but the dow will be fifteen hundred i believe you're going to see well day word go it will be double the points of the dow because simply because if you look at the dow go ratio it goes into a bow and then it over shoes to the opposite extreme it goes into a bigger bubble overshoots to further to the other side and then we went into the biggest bubble in history recently and it's reverting now it's down to about seven ounces of gold for the dow or in other words gold prices one seventh of the dow but since we're coming off of the po

at approximately eleven to twelve thousand announced let's say the dow jones comes saying and we have a one for one parity anywhere between five thousand and ten thousand on the dow kind of is that what you're saying yes we go into a big piece lation maybe gold pieces three thousand dollars an ounce but that there are will be fifteen hundred i believe you're going to see why they were gold will be double the points of the dow because simply because if you look at the dow go ratio it goes into a bubble and then it overshoes to the opposite extreme it goes into a bigger overshoots to further to the other side and then we went into the biggest bubble in history recently and it's reverting now it's down to about seven ounces of gold for the dow or in other words gold prices one seventh of doubt but since we're coming off of the point where paper assets were more overvalued in the year two thousand it any time in all of history p.v. ratios were insane and dividend yields were nonexistent. then we reverted back it was forty five ounces of gold by one sure and doused with price was one. fort

involved have recent one for one patty one thousand nine hundred eighty of course the dow jones was at eight hundred the price of all those eight hundred i think you go back into the one nine hundred thirty s. or the price of gold as something on the progress of gold was twenty dollars and sixty seven cents announced on a day where the dow was at forty eight point two two points forty forty the dow jones is out. boy that was a good day to be a long without but it was so you're not the one to one not parity using this rule of thumb you're saying galt would have downtowns at approximately eleven to twelve thousand announced let's say the dow jones comes saying and we have a one for one parity anywhere between five thousand and ten thousand on the dow kind of is that what you're saying yes we go into big d. fallacious maybe gold pieces three thousand dollars an ounce but the dow will be fifteen hundred i believe you're going to see why they were gold will be double the points of the dow because simply because if you look at the dow go it ratio it goes into a boat and then it overshoes

the dow jones ended the day at 11,780. that's down 3.2% on the day. sources say investors remained cautious due to a sharp decline in european stock markets. stock markets around the world are overwhelmed with sell orders, mainly for bank shares. major european stock indexes showed declines of about 2% each on wednesday. and that is one day after prime minister silvio berlusconi announced that he would step down. tension increased after the yield on italy's benchmark government bonds topped 7%. at that level most analysts believe it will be difficult for the debt-ridden country to rebuild its finances without help. after the italian markets took a beating, president giorgio napolitano said the pressure on the country's bonds was alarmingly high. he added that berlusconi would resign after the passage of the government's austerity package. >> bond markets took yields up to 7.2% today. why? because they realized that berlusconi resigning does not solve the problem that italy is growing too slowly and has too much debt. >>> and now let's get a check on t

the dow jones is off to 77. the dow jones is at currently a 11,006 seven eight.>>daria: damage in florida with flood advisories issued in miami. the rain damage excessive through florida with 7 in. falling. this is from robert county. you can see the water level and from fast- broward county. the stalled weather system continuing to produce low lying area flooding concerns. there is one of fort lauderdale high-school cancelled class's. scattered power outages were reported. this is a 50-unit apartment complex in fort lauderdale. you can see the high racing water levels and the red cross is responding. the raising water-- >>mark: 1.8 people without water from the north eastern storm with 1.8 million people without power--the death toll stands currently at 21. trees, traffic accidents and even executions from electricity have been blamed for the 21 deaths. they are thinking that halloween could be celebrated this thursday, friday. let us get you caught up on bay area traffic. >>george: mark, there are a number of hotspots however the latest is a 24 west. there is a

the dow jones is on the rise as greece gets more bailout funds for the european union. the dow is up 65 right now. >>mark: shoppers seem to be enthusiastic about shopping on their computers and smart phone, online sales for cyber monday were up 18%, meanwhile sales for mobile devices were up 7.4%. cyber monday started in 2005 by a retail trade group if to encourage americans to shop online the monday after thanksgiving. >>darya: 7:11 a.m.. we will be back with more in a couple of minutes. check out the fog at the golden gate bridge. we will be right back. >>mark: lets talk weather. we have fog outside are now, a dense fog advisory in effect. fourth we will have cost a lot more sunshine will we will get into the low 60s. tomorrow we have major wind in store for wednesday and thursday. from right now it is rather dance. in this orange correlates to less than 1 mi. visibility. >> the wide use shows us what we are expecting for wednesday and thursday. lot of wind coming our way. high pressure to the north and low pressure to the south. that will set up a dream of air that wi

>>mark: on wall street, the dow jones is up 2.7%. the dow was off over 500 last week. david cal is joining us on the vote. good morning. talk about what happened last will and what is happening today. >> that was the worst things getting since the great depression. some people were really down about what was going on in europe. things busted there is some optimistic news coming out of europe. they're getting everything together on the debt crisis. >>mark: the dow, the nasdaq are all negative. >> often that happens in november. certainly anything up is good. if the government of unemployment numbers are good, it could be a strong month. >>mark: of the dow is up 303. cox >>will: did a heavy police presence as protestors are getting ready. there is a chance that protests could turn violent. the regents have chosen to teleconference from around the state, hoping to avoid any clashes. for this meeting, they will not tackle tuition which continues to fuel in her. >>darya: 7 08 a.m., we're back with more in a couple of minutes. we will be right back. >>darya: 7:11 a.m.. san f

if you look at the bottom part of the screen, dow jones industrial average up almost 100 points, there go, to you supposed to shoot up to 200 points on the up side. here is the only thing i can find as to why, because of the coordinated action by major central bank. >>> , european central bank, it is sort of a complicated thing to talk about in five seconds or less but they are working on stimulating the global system. and that's positive this morning. >>> ktvu channel 2 news, it is already the middle of the week, it is wednesday november 30th. i am dave clark. >> and i am pam cook, time now 6:31. streets will be closed and they will pay their final respects to gape gape. she is already in valley oh. >> reporter: they will be assisting with traffic so vallejo traffic officers will be here and it will take place behind the vallejo high school and you can see behind the bleachers, this will be a packed house, 4,000 people are expected to attend. this promises to be a tough day for the officers who are shot and killed. the former vallejo served for 19 years and also coped a basketball tea

>>mark: a big drop for the dow jones. the dow was off 284 points as news comes out that the congressional super committee cannot reach a compromise on 1.2 trillion in deficit cuts. the dow is at 11,512. [applaue & cheering] [applaue & cheering] >>mark: the dow is down 300 to 11,00493. despite recent gains, just two weeks ago the dow was at 12,170. this morning we spoke to the editor and chief david calloway about the recent run off on wall street. >> there was some optimism. >> the spanish election over the weekend off, they have a new leader in spain. it is the leadership crisis in europe. people are starting to take a pessimistic outlook at the economy and what is going to happen the first half of next year. >>mark: the u.s. congressional super committee could not reach a compromise on 1.2 trillion in cuts to the u.s. budget. kelly also said that another u.s. debt downgrade is unlikely, even if we see what the first down ride is not significant in terms of the impact. >>darya: the of the big story is the weather going to

but the dow jones industrials closed in negative territory, down 2 3/4 of 1%. the first day on a new job is always daunting and perhaps even more so if your job is to hold the eurozone together. mario draghi has taken the reins of the european central bank, taking over from jean-claude trichet. draghi as indicated the ecb will continue its highly controversial program -- has indicated the ecb will continue its highly controversial program. >> we will have more on that later. israel has hit back against unesco's decision to except palestine as a member -- accept palestine as a member. israel is suspending the transfer of tax money to the palestinian authority. a senior palestinian official has condemned the israeli decision and says this will hasten the destruction of the peace process. germany's top human rights activists has expressed concern over the treatment of a chinese dissident -- activisthas has expressed concern over the treatment of a chinese dissident who best in order to pay over more than 1.5 million euros -- who has been ordered to pay over more t

in new york, shares fell across the board with the dow jones falling more than 300 points at one time. investors are increasingly worried about what they see as a threat to the latest eu agreement. the dow closed the day at 11,657. that is down 2.5% from monday. sources say investors are closely watching what will come out of papandreou's meeting with the french president and the german chancellor. the benchmark stock index in paris plunged more than 5%. in frankfurt, the key index dropped 5% even while the london market saw a decline of 2%. >>> now let's get a check on tokyo markets. to see how things are kicking off here we go to ramin mellegard at the tokyo stock exchange. markets were upbeat last week on the good news and now the same concerns are back again. how are stocks here reacting in tokyo? >> exactly, ai. very good morning to you. and this latest twist by the greek prime minister to put the latest bailout for greece to a referendum speaks volumes in the markets about greece's plans and efforts to really come through after that agreement was made in europe just last week. l

at last check, the dow jones is bringing the dow jones down of a surprise drop in earnings.was only one of the cabinet different industries and the s&p 500 of the 10 different-industries within the s&p 500 that has been wavering. and earnings. taking a look at walnut creek. we will keep you updated and be right back every time a local business opens its doors or creates another laptop bag or hires another employee, it's not just good for business. it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we extended $7.8 billion to small businesses across the country so far this year. because the more we help them, the more we help make opportunity possible. ♪ [ female announcer ] we know you've got a lot on your plate at thanksgiving. which is why safeway has everything you need to get it all done. right now, get a safeway frozen turkey up to 12 lbs, for just $5 each. cook your thanksgiving turkey perfectly with our free chef assistant app. it's foolproof. safeway. ingredients for life. >>darya: the char

>>mark: the dow jones down at 11,355. of j.p. morgan and bank of america are bringing the dow lower. we had a european shares lower this morning, a 4 demand for tin year german bonds. that is once again fueling fears about the heroes on prices. the dow has lost 800 points in the last two weeks. >>justine: two weeks cuff until the iowa caucus kicks off the official republican presidential competition. last night at the gop debate off candidates spoke about national security and for a policy. off111111111111 first debate since newt gingrich jumped to the top of the polls julien mitt romney. herman >> no, blitz. i believe if you allow our agencies to do their jobs >> i am sorry wolf. >>justine: candidates also talked about securing the nation's borders and took questions from a litany of top former aides. >>james: a quick break as the kron4 news continues. right now, a live look at the golden gate. >>george: welcome back. we continue to attract major delays on the bayshore freeway getting to sfo. fifth you are coming from san francis

budget deficit cred in the dow-jones ind finishedhat's loss of over friday's share prices european declines of3%. the london fell and paris frankfurt taking abonds,on italian and spanish sovereign debthigh. government bond6.6%und 6.5%. he japaneseks. to see how iat the stock ngs lookingday morning? as youmention, thef to come u a deficit look at the topix. pped by the tudingbt issuesike france but as european u.s.ets lower, expected towell. stocks nikk 7. japanese automakit of a with production coming most major honda. flooding recently in some of and partme troubles ere. that mayction for ook at currency le yen does safer aor manyg strong against the euro and the 103.76-83 euro. going to be a soday and friday. keep track steel makers yen, whereel production is in ma very much tougherel makersouth chinese here in closed data u.s. on tu so treaction we'll in japan on se reading gdp u.s. nikkei andtopix lower thanks for the t let's look at other market l business. >> prosecutors are launch an armanrrowing tens of million. adding up to over $110 m a of damages after borrowing idiaries from las

. >>> they are turning around with the dow jones industrial average looking for 100 points gain, theow jones industrial average surged at 11780 and a drop on the nasdaq which is a big percentage-wise as is the s&p 500. >>> biggest tech companies in the world, they reduced carbon emissions and tell is in second place, apple is in 4th. >>> stay tuned, ktvu channel 2 news shows people they should be thinking twice before emptying those julie boxing. >>> and a storm of epic proportion moves in. >>> the traffic looks good getting up to highway 17, we will tell you about the morning commute, stay tuned. . >>> wow, that is the sound of a powerful storm, the system moved in late yesterday knocking out power and threatening areas with major flooding. the national weather service also warns about potential blizzard and heavy freezing. state officials are working with the coast guard to respond to any problems. >>> back here pg&e will vent natural gas in san mateo county. it will happen sometime before noon near red wood city. the tests will have some people smelling gas but they should not be

a banner day for the one percent as bank stocks soar this is a commentary from david callaway on dow jones market watch and he says in one of the more bizarre twists of fate that only markets can bestow the occupy movements burst to fame around the world this month has been accompanied by the biggest october for the dow jones industrial average in its one hundred fifteen year history more than eleven percent as of this writing so notice those words he uses their bizarre twist of fate that only markets can bestow when in fact it was heads of central banks around the world heads of government around the world heads of finance departments around the world who are in fact responsible for the booming stock market has nothing to do with the one percent creating wealth that's why i tell the occupy wall street movement the only way to be taken seriously is to attack stock price if the other side is going to point to a rising stock price and say see we're right you're wrong then the only answer to that is to take down a stock price like coca-cola for example take it down to zero not that one hundre

the dow jones closed down by 389 points. it lost 3% of its value in afternoon trading alone. today is the worst day to the dow jones in six weeks. >>> another significant earthquake has rocked eastern turkey. the 5.7-magnitude earthquake shook the same town where a 7.2 quake hit two weeks ago. turkish television reports that at least three people have been killed. there are reports of the least 18 collapsed buildings including a six-story hotel. >>> a protest at george mason university brought up a lot of emotions and memories. some students, to be able to bring concealed weapons onto campus. the idea is creating a lot of opposition. >> there were guns on campus this afternoon. if you were a visitor to the university and you have a permit to carry a concealed weapon, you are allowed to walk outside with that done. you are a student or a staff member, you are not allowed to bring that down to school. holstered at the hip and out in the open at a college status -- campus. >> if you give everybody on campus you're gone -- you r gun -- >> the protest took aim at a policy of barri

some nice a menties on -- amenities on board and as you can see on the bottom part of your screen, dow jones industrial average is supposed to drop quickly and 144 ready, 160 dropping as we watch, a lot of it has to do with europe, and business news -- more business news coming up. >>> thank you, it is tuesday, a brand-new month november 1, i am dave clark. >>> right now, we are starting with an update overnight the one that injured 3 san francisco police officers, it happened just after 1:30, 19 and petrerro avenue, lorraine blanco and has more questions about this crash. >> reporter: good morning, we don't know the why but at this point, we know there are skid marks on the roadway. an unmarked police officers' car crashed and questions remain on what led to the accident. they were heading southbound on petrerro when the vehicle left the roadway and hit a street lamp, they told us investigators have not determined their speed but it does not seem to be a factor. it shows quite a dramatic scene and at last checked, they are expected to be hospitalized for the rest of the day. a few blocks we

. >> the committee's failure sent the dow jones down 249 points. but there was a little good news. standard & poor's is not planning another downgrade of the nation's credit rating based on the stalemate. >>> at a 711 store in silver spring the clerks of there are getting a rush of customers, but instead surveillance cameras caught dozens of teenagers and young adults stealing items from the business. jummy olabanji has more on this case. >> this may look like a crowd of customers, but montgomery county police say it is a coordinated crime. saturday night just before midnight around 50 teenagers and young adult simultaneously rushed into this seven eleven store on tech road in silver spring and stole everything they could. >> they took everything. >> when police arrived this all groups of teenagers gathered in nearby parking lots or headed away from the store. they stopped six of them and found items from the seven eleven store, but no receipts. >> that is terrible. >> police did not charge them yet, but didn't get identifying information from them call for further investigation. a

. >>> a much different day today than yesterday, dow jones industrial average is expected to shoot uppoint drop yesterday. >> and we'll see how it goes this morning and this afternoon. good morning thank you for joining us, it is thursday november 10th, i am pam cook. >> and dave clark has the morning off. >>> on the uc berkley campus, police have been involved in several riots, what is going on in the protest? >> reporter: protesters are refusing to back down after a clash with campus police and they dismantled the tempts that have been -- tents that have been set up and two of them are still set up and students are tell me they are not moving. [crowd noise] >> hold up! move, move! move back... >> reporter: late last night clashes with police officers, officer in riot fear pushing through a human -- riot gear pushing through a human chain. close to 0 people were arrested including cal students and at least one professor. we spoke with one student who was in the middle of that stuffel with police. >> i got in the middle of the chain and they were using batons and i got thrown on the g

the dow jones jumped more than 400 points in early trading this morning. the dow is up 410. right now. market in europe surged as well after major central banks took action to support the global financial system. we also turned to the latest allegations swirling around herman cain. the republican kenneth says he is reassessing his presidential campaign -- the republican candidate says he is reassessing his presidential campaign. the woman accusing him of extramarital affairs spoke this morning. she says the relationship and all the financial help, traps and gifts. >> i cannot imagine waking up one morning and deciding to come out with this if this was not true. this has been a very difficult situation for myself, for my family, and if it is nothing that i am proud of. >> herman cain denies the affair. >>> we turn now to the weather. cloudy, cooler weather is moving in. >> we went from total sunshine to total cloud cover. we will clear back out later on today just in time for the sunset. southern maryland, you have had nothing but sunshine all day long. that is a look at the

those three stocks each fell by only one dow jones industrial the green: drug maker pfizer.the market bought after better than expected quarterly results. pfizer reported 62 cents per share, six cents over wall street estimates. all that helped push pfizer shares up by a fraction, but the the end of this month. it's best-selling cholesterol loses its patent protection. losing energy were drillers and servicers. baker hughes reported a big pop in north american earnings but shares of b.h.i., rowan and yahoo has been under pressure to reignite its growth. today, the company was in a buying mood. yahoo shares dropped 5% after announcing it would buy online ad company interclick. interclick shares jumped 21% closing price. exelixis shares plummeted 40%. the company will launch experiments for a prostate guidelines. okay, it reduces the treatment's and that's tonight's "market >> susie: this year's world series is turning out to be more for the cities and for major league baseball. in tonight's "beyond the scoreboard," rick horrow steps the financial perks of the fall classic. >>

the dow jones lost 297 points. that's it's biggest one-day drop since early september. >>> president obama will address the economy and promote his jobs plan during a speech in georgetown this morning. he's visiting the key bridge to by spending on infrastructure projects. republicans have vowed to block all new spending proposals. experts say the key bridge, memorial bridge, and 14th street bridge on the repairs. >>> herman cain also back in town today. the republican presidential candidate making two stops in northern virginia. his campaign this morning is in damage control mode after two women -- one of the two women who accused him of sexual- harassment the data decades ago wants to speak out. >>> a deadly shooting last night in forestville. no motive known. >> if it happened around 9:00 in the parking lot of the penn forest shopping center on walters lane. ben eisler is on the scene with the latest on the investigation. >> that's right. the shooting happened in this relatively large parking lot. it left one wo

the dow jones is off by 253 points. also, we are watching the " occupied oakland.st between mayor jean quan. >> good morning. the reason why i say is that they seem to be camera shy the occupied protesters. meira jean quan wants to end of this, peacefully. she would like to speak with a representative from the occupied movement hough's fact that they are not even talking to us is evident that there will be difficult feat even speaking with her. apparently, many businesses are not coming into oakland. many businesses are even going out of oakland. it is costing the city of oakland 80 hefty amount of money. already, it is $1 million for the city of oakland in debt for these occupy protesters. in the meantime, they do not want to go on to quote her turf ". >>daria: how easy is it to do everyday business in oakland with the protesters? exactly peaceful. if you take away the encampment people are taking effort in keeping this clean. they are taking care of this. you can see people moving a round. it looks like a normal day in downtown oakland. however, businesses are fe

. >>> there it is stock market dow jones industrial average, set to open about 200 points maybe even00 within a short amount of time. >> wow! >> because european markets are valleying, overnight asia much of the same, european leaders will take more drastic action to get their debt under control. we will have those numbers for you in just a moment. >> we thank you for joining us on ktvu channel 2 news. it is a brand-new day, monday november 28th i am dave clark. >> it's now 6:30, highway patrol says be very careful driving this morning, a lot of dense fog on many bay area bridges and roads. paul chambers is in oakland this morning, there is still fog out there, paul, i am there? >> reporter: the interesting thing about fog is that it rolls in and rolls out. it is dense here and we take a look at the coliseum parking lot, fog is heavy in that area, now we come over here to interstate 880, it is a little bit better, and the national weather service has issued a dense fog advisory until 9:00 and chp is issuing alertels for drivers. and it is still in effect at this hour. a dense fog ale

committee will ever solve problems unless we get people to stand up and do a job.cing >> this and the dow jones down 249 points. but there's encouraging news. standard & poor's is not another downgrade of rating basedcredit on. >>> the long wait for maryland over.s is almost the second segment of the betweennty connector avenue and 95 will open this morning. drivers have been able to use since february in area and now you can ride until december 4. work on an extension to route 1 will start next year. >>> metro is planning a track work for thanksgiving holiday weekend. metro will deploy additional buses to serve dulles airport additional buses will be between the greenbelt metro rail station and bwi marshall airport. >>> thanksgiving chicken may look more appetizing this year. >> linda bell is joining us inm bloomberg headquarters new york with more. good morning. >> good morning. hewlett-packard has had a to fixng door of its problems. 's.o helpew ceo has plans to the company. if you still have not purchased turkey, prepare for sticker shock. wholesale prices are soaring to due to aghs this ye

look the dow jones industrial average up about 20 points and retail sales, analysts say it could meanhey are leading them into a grim discovery in san francisco. lat night they recovered a body at aquatic park. it is still not clear whether it was the result of homicide or suicide but they expect to have more information later this morning. >>> time now 6:56, a woman is accused of breaking into alex's room and linda is facing charges of burglary and being in possession of stolen property. it happened at the marquise hotel. police say they woke up to find a woman in their hotel room stealing their valuables. the television host suffered a serious ankle injury chasing the thief down the hallway. >>> and holding their 10th annual tree-lighting ceremony in san jose, it is really a beautiful event. they are moving it to the giant chest board. she will be performing however festivities run until 9:00 tonight. a lot of costume characters and carolers, it should be fun. >>> coming up on 7:00 so let's check in with sal for traffic. >>> pam and dave, it is getting much busier and we are getting

opening here as well, dow jones industrial average futures indicate a 1 point drop after the bell. they all lost group yesterday, the dow jones industrial average starts 978. >>> warren buffet is warned to buy and that's a surprise since they have long stayed away from tech stocks because it is too difficult to predict which businesses will process but he should have known ibm's core business is no longer it's hard way. >>> we will tell you why fewer people are coming from the u.s. and the reaction of a south bay man, after a mechanic finds cocaine hidden in his mini-van. >>> golden gate bridge commute looks good, we will tell you more about the morning commute straight ahead. introducing htc rezound. get studio quality sound for music and hd video at verizon 4g lte speed. the first smartphone with beats audio™ and beats™ headphones included. exclusively at verizon. . >>> new information shows the slumping economy is also slowing down immigration from mexico. tougher border enforcement and tougher gangs on the border are all discouraging illegal immigrants. it is showing fewer mexi