gopro has unveiled the hero6, calling it the most powerful and convenient gopro yet.is a product the company is betting big on. it also announced a consumer 360 degree camera will hit the market. bloomberg's selina wang spoke gopro ceo nick woodman and asked what investors can expect will drive the long-term sustainability of growth. nick: we have to keep innovating and coming out with new and exciting products that excite consumers. i think we did that today with hero6 black and fusion. hero6 black is the most capable and easy-to-use gopro we have ever made. fusion pushes gopro into a totally new market with 360 spherical cameras. we think this is going to play an important role in the future of how people capture and share themselves. we also made important advancements with karma. it now has new features that allows it to film what's above it, which is unique in drones. gopro is continuing to innovate and excite consumers. selina: how else are we going to see it evolve beyond the traditional action cameras? nick: well, a big part of gopro's future is we now see a g

nick: a big part of gopro's future is we now see a gopro as an untethered lens for your phone.is a gopro now automatically copies any new photos and videos you capture over to your phone. the gopro app creates a video for you. it is like using a separate untethered lens that offloads all its footage to your phone. really a gopro is the ultimate capture complement to a phone. as we think of ourselves in that way and think about new types of gopros and untethered lens is, we think we can radically expand our market. selena: smartphones are getting better and durable and waterproof. what is your pitch to those consumers who say we don't need another camera? a phonell, i think that is a phenomenal camera. it is often in your pocket. it is right there reactively when you want to film somebody or something else happening. but there is a lot of activities where you go with the pulling your phone. you want to be more in the moment. you also don't want the film somebody else. you want to film yourself. gopro, with its untethered length strategy, we think we can make lenses that consumma

shares of gopro surged.said third-quarter revenue and margins would be at the high end of the company's forecast. gopro is in the midst of a turnaround plan that includes cost cuts and updated product line. selena wang is standing by with a special guest. >> joining me now is gopro's chief operating officer, c.j. prober. what is driving the positive results right now? >> thanks for having me. one of the things that wasn't mentioned in the preample and that we're most excited about about our q3 announcement is that we'll be profitable in an on gap basis in q3, which is a big development, in addition to the high end of the range on revenue and on the margin. what's driving that is the hero 5 is the best product we've ever launched and we're seeing really strong demand for it. in addition to the differentiation we've enabled in hero 5 in terms of voice control, waterproof with no housing, cloud connected, we have an amazing software ecosystem that allows consumers to move content from cameras to phone automatic

of gopro, us.ks for joining emily: coming up, a dark day in magic kingdom.isney's stock takes a dive. ♪ mark: i'm mark crumpton in new "bloomberge watching technology." rescuers are rushing aid to a of caribbean islands after hurricane irma left at least 10 dead and thousands homeless. >> these are our people, they're british nationals and we'll do get helpg possible to to them in this appalling devastation that the hurricane caused and to help in advance of the hurricane that's it.ng behind mark: irma, the most potent atlantic hurricane recorded, could slam into heavily earlyted south florida sunday. house speaker paul ryan says the deal president trump cut with democrats on harvey aid made devastating storm and another looming. ryan said the president didn't want to have a partisan fight in the middle of the response. the u.s. has awarded more contracts to build prototypes the wall president trump wants to build on the border with mexico. prototypes for for four see-through walls. last week, it announced prototypes for contracts for types.ncrete they would

--ly: the bloomberg ceo gopro ceo speaking.g up ceo's blasted president trump's decision to end daca. we will hear from the head of one startup speaking out. a reminder that all episodes of "bloomberg technology" or live streaming on twitter. 5:00 in san francisco. check us out. this is bloomberg. ♪ so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. ♪ emily: welcome back to the "best of bloomberg technology." i am emily chang. after months of speculation and mixed messages, the trump administration made it official. the deferred action for childhood arrivals better known as daca is ending. president trump explained the decision. donald trump i have a great love : for the folks we are talking about a great love for them. , p

well, gopro has been living on the edge the last few quarters.shrinking demand, the company has seen sales plummet. but they say they are on the road to profitability. bloomberg spoke to the chief operating officer cj prober about the turnaround efforts. cj: one of the things that was not mentioned in the preamble and we're most excited about, we are going to be profitable in q3. which is a big development in addition to the high-end range of the revenue and the high-end range on the margin. what is driving that principle is the hero five is the best product we have ever launched. we are seeing really strong demand for it. in addition to the differentiation we have enabled through hero five in terms of voice control and waterproof, cloud connected, we have amazing software ecosystem which is super differentiated. it allows consumers to move their content from their cameras to their phone automatically. we create a video for the consumer automatically and they can tweak it to their hearts delight, or they can share it directly. emily: we have been

gopro has been living on the edge.re is a shrinking consumer demand and the have seen sales plummet. they are on the road to profitability. we spoke to their chief operating officer about the turnaround efforts. >> one of the things that was not mentioned and we're most excited about, we are going to be profitable in q3. that's a big development. margin, whato the is driving that is simple. it is the best product we have ever launched. we are seeing strong demand for. in addition to the differentiation we have in terms of voice control and waterproof and cloud connected, we have amazing software which is super differentiated. it allows consumers to move their content on their cameras to their phones automatically. we create video for the consumer automatic the and they can we get to their hearts delight. likes we've been talking about camerathe karma -- easier to use. what istion remains, the proposition for the consumer that is perfectly happy? onyou look at the movement instagram and the content that phone doesn'tthe

shares of gopro surging today. revenue and margins will be at the high end of the company's forecast. gopro is in the midst of a turnaround plan that involves cost cuts and updating their product line and making products easier to use. bmw has a new strategy to catch up with tesla. they will add an electric sedan to the i sub brand. the new model will fill the gap between the i3 city car and the sleek i8 sports car. the new york knicks are one of the worst teams in the nba. they are still a good investment for jim nolan. it's other parts of his empire that have been struggling. his madison square garden network is up for sale. that there is not a correlation between the performance of the team on the court and its monetary performance. this is relatively unusual, no? >> yeah. i don't know how unusual it is, but the value of the team really follows the value of all the other teams in the league, which are getting sold for a lot of money. the clippers were sold by a for couple billion dollars to steve ballmer. for $2

so gopro is actually growing in the number, but obviously well off its highs, 98 in the fall of 2018re you confident this is the product that will jump-start shipments and get investors excited? >> it's part of our growth strategy definitely an exciting new product. it's a new meaningful price point, because we think a lot of our customers will op for hero 6 black, but don't forget we just introduced fusion which is our fichal 360-degree camera that up people are excited about our software continues to improve, it works like an untethered lens foyour phone and all the footage moves to your phone now they're using the gopro and their phone to share their lives in cool new ways. >> thank you for joining us. >> appreciate it. >>> thanks, josh, josh lipton and nick woodman from gopro. >>> puerto rico in desperate need of crucial supplies many are stuck in ships and barges outside the support we're live on the ground there, next whoooo. you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if... ....there was a single site... ...where

. >> gopro unveiling a new camera today at its event in san francisco. is live there and the stock is moving on this. >> reporter: scott, we are at this gopro launch event and the company did just unveil its new flagship phone hero 6 black goes on sale today worldwide. the price tag, $499. part of what's different about this camera, it has this new custom designed processor. gopro says that's going to mean improved image quality, stabilization, low light performance. you take a look at that stock, scott, and it has quietly climbed about 30% year to date although obviously still well off its all-time high of $98 that it hit in the fall of 2014. for more on this camera, what it means for the company, i'll be chatting with the gopro ceo coming up next on "power lunch" so stay tuned for that interview. stock, back to you. >> the stock is actually down 1.5% maybe not as much enthusiasm about it at least at this moment josh, thank you. >>> coming up, coming , e ten-year yield hitting its highest level since late july. that's coming up next. first a check on th

what if you have a gopro and you're just in your basement on a computer and you're film that.. >> yeah, yeah, you have to be experiential but i think there's a common misconception that people associate gopro with action sports. it's really -- >> that's all the videos we watch. >> i wanted to do everything that -- well, actually i wanted to watch someone doing everything i just saw. >> c.j., how much though in terms of when you think about this new camera is going sort of the upgrade cycle from current gopro users and how much from new customers? >> it's going to be both i mean the thing that we're doing on the marketing side when we launched this new camera is we're really marketing this new experience that we've never really had before, quick stories. we think that that's going to bring a lot of new consumers into gopro. >> c.j., thank you for calling in this morning and bringing us this new guidance. that stock, we should show it to you real quick, as i mentioned earlier, literally the second that news hit, your stock, sir, is now up close to 18% in the premarket just on th

gopro up 12%. >>> are you ready for football? england patriots play nfl season opener tonight. is your fantasy team set and ready to go? fanduel ceo nigel ecels to tell us tips and why the merger with draft king didn't work out and maybe revisit it? more "countdown" on the way. and, yes, the canceled florida game. the bucs versus the dolphins. it's off. this actually makes sense. now on the next page you'll see a breakdown of costs. what? it's just.... we were going to ask about it but we weren't sure when. so thanks. yeah, that's great. being clear and upfront. multiplied by 14,000 financial advisors, it's a big deal. and it's how edward jones makes sense of investing. .. .. stuffy nose? can't sleep? take that. a breathe right nasal strip instantly opens your nose up to 38% more than allergy medicine alone. shut your mouth and say goodnight, mouthbreathers. breathe right. you can do endless move 201online research.t, or, you can take advantage of our best offer ever on an xt5. don't wait. our 2017 models will be moving fast. you

restoration hardware and gopro.rdware cruised past earning expectations in the quarter and gopro is lifting guidance from the quarter. restoration hardware shares are up 45% in the early going and gopro up 16%. not bad. market overall off to a positive start. let's check it. dow up over 30 points. nasdaq up 6. s&p up 2. back to you. >> thank you. 6:47 right now. let's check the roads. there have been problems since 5 a.m. >> oh, yes. and they just keep coming in. right now we're tracking a "sig alert" which means an unexpected lane closure for 20 or more minutes. we have three lanes blocked right now along 101. this is just past spencer in the northbound direction. and you can see speeds are definitely starting to drop in that area. if you are heading through sausalito you will be in for delays. northbound 101 only two lanes of traffic certainly open to get by in that northbound direction. here's a live look, this is right near the spencer overcrossing there and you can see traffic is still moving but it is definite

it will be a nice, pleasant afternoon at sonoma, the raceway there, the gopro grand prix. temperatures in the low 80s this afternoon and a nationally televised college football game, 7:30 tonight, we'll see jacket weather out at the game there in berkeley with 60s. notice for the coast a little bit of drizzle at times, partly cloudy around lunchtime and then by sunset, some high clouds on the way but here's the good news. your temperatures pretty close to average for a change for a weekend. 60s to 70s, low 80s san jose, the warmest around the east bay valleys. we'll let you know if that will carry over into the sunday forecast coming up in about 15 minutes. >>> a hectic friday night in the south bay where police shot and killed a robbery suspect in a quiet residential neighborhood. it happened in east san jose near 680 on white road. right in front of homes. officers say the robbery suspect is dead. this is what the scene looked like from nbc bay area sky ranger. officers say around 7:00 last night, they were attempting to pull over a robbery suspect. at some point, shots

one thing to worryworr about is whether gopro might have some issues. but let's take a look at these two stocks on the year. this is another stock on the bloomberg. poor ambarella. this is the year to date chart. rella, down 22%. it for stay on record. his only been around since 2012, that's it has only been around daye 2012, but, its worst on record. is anticipating the most significant product rollout in years. expected to unveil a new watch, apple tv, and three iphones with facial resignation and gesture control. how does the tech giant know what consumers want, and what they are willing to pay for. joining us from our los angeles .ureau is julie ask julie, great to have you on the show. among ally decide, the innovations, what consumers are willing to pay for. julie: what apple has shown us they are very good at is, they tell customers what they want, and they are very good at selling that vision. i think up we were to look back wouldr 10 years, you think people over pay $300 or $500 or $800 for a phone, the answer would have been no. so, apple cont

david: to have a good sense of what gopro's strategy is?people said if i can do most of this with a phone, do i need to get a gopro? six, the girona, is going to be coming out around the holiday season. they have been trying to perfect some of the missteps they have had with their original drone. --s has been approached encroached upon by actual competitors in the space. they are saying the device is going to be awesome. the quarterly report looked good in the third quarter. it remains a case to be seen. david: thank you very much. let us go to tax and politics. the latest turmoil after donald trump made the surprise deal with democrats to extend the debt ceiling deadline and fund of the government until december. us.reporters join what is your sense of why this happened and how it came about? do you understand the fear behind this -- the theory behind it? --it was to find hurricane fuel funding for hurricane irma and harvey victims by not letting politics get in the way. a lot of republicans didn't feel consulted. they said, we have said w

. >>> a fearless adventurer in moor moritz boehringer -- morocco, uses a gopro camera to give viewers point of view experience of his height filled adventure, he hand stands on the edge of buildings several stories up, he does not have a rope or net. he said he chooses to work out on rooftops instead of paying for a gym membership. we're back after this and best of all, this new truck is actually- (all laughing) oh my.... the current chevy silverado. current chevy owners and lessees get a total value of ten-thousand, six hundred dollars. or, 0% financing for 72 months on this silverado all star. find new roads at your local chevy dealer. let's go over to chris sowers for the accuweather forecast,

they found two gopro cameras with priceless family moments. >> hopefully somebody will see this, that can help us find somebody. >> reporter: the craigs are desperate to return these moments to two families. now more than ever, they say their needs to be a good story out of harvey. >> a lot of people have hope. we have hope, and that's the main thing down there. hope. >> reporter: the parallels here. after harvey, a lot of people are hoping to find themselves again. >> wow. i'm going to on my facebook page. i want them to find the people who lost it. >> river flooding, or coastal flooding, sometimes shipwrecks get unearthed as well. >>> let's talk about weather. yeah, irma. >> not good. >> no, irma is going to be a killer storm, because it's going to hit inhabited areas. some of those areas are poor. some of them have hills, so they're prone to mudslides. a very beautiful looking storm right there as well. as we see the system which is east of the caribbean right now. and my weather company doesn't want to work, so that's me zipping off to the weather computer to get it going. it is a

he used his golf ball retriever, put a gopro on it and this is the video he got. >> i love penguins. they're like little jet fighters. >> they are and also inquisitive, runs right up to him. it's a love bite. it's a little like what are you? what are you and some other ones come up and interact with him or swim around him like he's not a predator which is an amazing experience for gavin. >>> nick gonzalez watches on abc in los angeles is the latest winner of the "rtm" ipad mini give away. >> you can win, too. you need the wednesday buzzword, be at least 21 years old and be a legals redepartment of the united states or canada. stand by for the "rtm" ipad mini giveaway. >>> back in the day for a decade i used to live on planes. i crossed more oceans and 99.9% was done like everybody else in economy. sometimes you just wonder what it's like up there in the front of the top of the plane? it's time to peek behind the curtain or in this case up the stairs because john is traveling on that.a-380. they have to board on the second story. they get on board and the whole second floor is first a

by the way, gopro grand prix.hat's really hard to say. >>> we want to tell you this morning about a hectic friday night in the south bay. officers swarmed one neighborhood on the east side of san jose where shots p wewere f during a car chase. right in front of homes in a quiet residential neighborhood. officers say the robbery suspect is dead. this is what the scene looked like from our nbc bay area sky ranger. officers were attempting to pull over a robbery suspect. at some point, shots were fired and right now it's not clear who opened fire but the suspect was hit by at least one bullet and pronounced dead at the scene. >>> the city of berkeley and uc officials are planning for even more protests. free speech week is scheduled to begin october 24th. the high-profile conservative event will feature steve bannon and ann coulter and no one knows what to expect. you might remember just a few days ago on thursday, hundreds of people went to protest conservative commentator ben shapiro's visit to cal. the president i

gopro grand prix in sonoma. 77 on sunday. bright and sunny 76 after morning temperature of 55 degrees. here's a great event, the night walk in san francisco. one in san jose. and this one in napa going to be great. 75 degrees. temperatures will drop to 65. good looking weather no matter what your plans. warming trend saturday mid 60s. monday cooler weather. below average. breezy. bright and breezy on tuesday. steady mid 60s coast side. friday autumn officially starts at 1:02 in the afternoon. downloading the accu weather app will help i. dan and i both use it. >> i do all the time. >> hope you get a chance to use it as well. >> thanks very much. >>> jaw-dropping photograph a san francisco man wishes didn't exist. >> and man celebrates instagram and today we honor a dancer hawk in who's credits the hot summer nights in her home country of argentina in her interest in astronomy. you can check out our post on our bay area instagram page when you have a moment. stay with me. back in a second. >> the sky is incredible as if you co

how about gopro and fitbit? we'll see whether or not this is the real deal or massive hype.to wait a few months to see, liz. liz: thank you, nicole. somebody became rich on roku today. but here is a state you need to hear. number of millionaires in the world jumping to 16.5 million. that is an all-time high. a third of these have been, have done so because of stocks that have been arguably inflated by the fed. we want to bring in our mr. fabulous guest, john petrides. if the markets unwind quickly, who knows, will they use lose their elite club status? >> if fed is too aggressive in tightening and unwinds balance sheets faster than market februaries and double-dips in terms of quantitative tightening that will have a lot of pressure on stocks. liz: let's make it clear because the fed is involved past nine years keeping rates low or zero, we don't know what stocks should be valued at, if the plumping of the fed is taken out from under them. >> that's a fair point. this past year with the fed tightening three times and rolling off the bond portfolio -- liz: twice and of course

recently gopro said third-quarter revenue and margins would he at the highest of the forecast., the rest were wannacry crippled hundreds of thousands of computers across the world. is it still a threat? we will speak to the man whose company discovered the kill switch, next. this is bloomberg. ♪ emily: the equifax data breach is the latest in a series of cyberattacks. it ranks as the fifth largest hack on record having affected 143 million people. in the ransomware attack, the infected computers in 150 countries demanding payment in bitcoin or the data would be lost. joining me, the c.e.o. of the company credited with finding the kill switch against the wannacry ransomware. is wannacry still a threat as of this moment? >> the actual threat has been brought to a standstill and nullified. we have been the custodian of the so-called kill switch for a number of months now. that kill switch is what has been preventing further propagation of the actual attack. it still is a threat, but kryptos logic has maintained the kill switch so the attacks have been nullified. emily: when it com

gopro also in the spotlight, it has been fighting a lot of shorts and people betting the price will gored to do battle. six flags got a little bump on friday. many analysts say it could drop, so that will be in focus. the dollar, when we have a list that speak. bloomberg,to the what we are looking at is the stock pickers favorite chart. the s&p 500 members collation. it is sliding this year. meansstart correlation stocks move more independently of each other so that volatility doesn't bubble up. intrinsic stock correlation is a measure. these are two types of risks, systemic and not systemic. you are seeing something that a lot of chart watchers looking at. you will notice it was very close to unchanged. they did have some slippage in the dow. oil is trading water by friday's close. what can we expect in the weeks ahead? >> let's take a look at the chart. it has been very close to 50, which is a good thing for the bulls. we haven't had a couple closers above $.50 going back to may. we got there on recent speculation, they decided to do nothing. the silence was very loud as traders woul

money to players on the side to get them to either go to a specific school or sign agent, if they goproa specific company. this is all money being traded hands underneath the table. it's not hard to connect the dots between that and the ncaa rules on amateurs. shery: why crackdown on them now? eben: it's a good question. the department of justice is not really do much in the college sports space and are people out there criticizing them already for enforcing ncaa rules more so than bribery rules for example. this makes a much bigger deal when the department justices involved as opposed to the ncaa which has struggled to enforce rules in the past couple back it vonnie tickets. vonnie: does the spread to other sports? eben: this goes on the other sports. i feel that is confident that is true. will be doj want to make an example of the top-tier programs in louisville and south carolina and auburn what will this go a lot deeper? vonnie: does this mean that some the top schools may not be the top schools down the line? i'm sure this is a complaint from some of the lower schools that could no

. >>> gopro grand prix at sonoma race way.g a shot at the season-ending championship. trophy in full view of the drivers before the race. not much drama. the penske teammate newgard who finished second wins the season-ending indycar championship. his first and the only second american in 11 years to win the title. >> this is what dreams are made of. doesn't happen very often. my family laid everything on the line to make this happen. i feel so honored to be in this position. so thankful for everyone that put something into this, not just this year but years previous. it's a dream come true to be able to race in the indycar series and become a champion. >> great weekend at abc 7. this sports report brought to you by river rock casino. it's tougher to be a head coach than he thought. >> you bet it is. >>> that's it for tonight. i'm eric thomas. abc 7 news continues tomorrow at 4:30. thank you so much for joining us this evening. have a great evening and an even better morning. we'll see you later. for a super-secret spy agency o

no word on how much the new gopro will cost. >>> apple is making it official.ember 12th. not a huge surprise. they sent out these invites yesterday. the event is set to take place at 10:00 a.m. in the steve jobs theater at the new apple park campus. it's widely expected they will unveil the iphone 8 and ab up a jit dar. apple tv. >>> this holiday weekend you can take a photo with the latest championship trophy. the trophy will be at the team store from 10:00 a.m. to 5:00 p.m. today. tomorrow the trophy will be at the team store on market street. on sunday it will be at the walnut creek store on south main street. we have a list of locations and all the times for you on our website. by the warks the warriors tip off the preseason on september 30th and we'll be defending their >> seeing that trophy inspires people to hit the black top and play some basketball but the play some basketball but the black top may be melted today. >> here's a look at what's going on. it's a little hazy out there. not as bad as it was yesterday afternoon. something we'll keep an eye on

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but just want to give you a heads up reminder that this weekend, as the sonoma -- the gopro grand prixsonoma raceway and you can expect a lot of traffic along highway 37 which we're already starting to see those slowdowns build. it's 45 minutes westbound from 80 to 101. and you can expect delays along 121, interstate 80 and 101. so if you don't need to be in this area this weekend, i would steer clear of it. no sunday drivers because you will be in for some big delays. it's one lane in each direction for about 15 miles along 37 as well as 121. so it's going to be a big backup all three days. over at the richmond/san rafael bridge, we're definitely seeing a backup develop in that westbound direction headlights heading westbound 12 minutes as you make yourth sp. y there's a live look acroat 680. this is right near north main street through walnut creek. we have reports of an accident in that area southbound. so we are starting to see a bit of a backup there. cruising speeds slowing as you're on 242 approaching 680 right around 15 miles per hour. it's been very crowded this morning over a

gopro, fitbit. those have come way back down.got in on this one. i wish them luck. back to you. liz: did you have to remind us ones that sold off? nicole, thank you very much. >>> the veil of secrecy has been lifted. we have the basic general framework of the gop tax proposal. which stocks will benefit the most from this much-lowered corporate rate tax cut? we bring in a guy who owns important stocks here, maybe you own them too, good haven managing partner, coportfolio manager, larry pit cows ski. which stocks in your portfolio. because you have only a couple. which ones see benefit if we have a 20% corporate tax rate. >> at our fund which are stock-pickers, but we have a whole bunch companies benefit all things being equal if corporate tax rates come down. verizon, federated, these companies pay aggregate, 30% more in corporate tax if we bo to 20% rate that would be immediate benefit. we have companies with significant cap-ex. if they change that much shorter depreciation schedule. liz: can we see larry's stocks. he ran through

the new product targeted gopro and the last product had a solar product, so you're talking about theyook at this company as what they are now. if you want to say cisco works do you want to compare them to anyone you want to compare them to they are not just beating them they are beating the pants off of them this, would be, so i gave the analogy as, if you know, when barry bonds hit 73 home runs. this would be like barry bonds hitting 273 home runs. it's not plausible >> i've got jim cramer who is sitting here as you said, andrew i would like to bring him into the conversation i don't know how much work -- >> andrew and i communicated thank you, andrew, for trusting me to be able to go over it and i did not speak to anyone, but the one thing i'm trying to figure out it does have a very small board which is often a red flag but there's as mr. hurlston on there, a very distinguished guy from broadcom. why do you think -- broadcom is a real company, so i don't get what his involvement is. >> if you look at the board turnover, maybe he'll go look at claims and then realize he shouldn't be

if you're going to the gopro grand prix in sonoma on saturday, we'll have very nice weather.lly can't beat that. it will be in the low 70s, a mix of sun and clouds. every now and then a little shade. lower 80s throughout the afternoon. nbc bay area proud blood drive on saturday in palo alto. it's going to be also great weather. do not blame the weather for the reason for not going. it's gong to being a great event. it gets your weekend started right. we talked about viva calle, it takes you to the route of where the streets will be closed. we'll be in the lower 80s as we head into the afternoon. bring an extra bottle of water. comedy in the park at golden gate park. temperatures reaching into the low 70s. bring your blanket or lawn chair and get ready to laugh. we'll talk about what else is going on for today in about 30 minutes. >>> coming up new this morning, a driver smashes into a mobile home in the peninsula overnight. the wreckage left behind this morning. >>> plus california says show us your tax returns. we'll tell you all about it when "today in the bay" continues. ♪

then maybe you want to head north to sonoma for the gopro grand prix.be tracking spectacular weather and good racing weather, too, reaching into the low 80s there. on sunday, we talked about this just a second ago, the viva kaya, some of the roads will be set down. you can head to japantown and get a look at the route. temperatures in the upper 60s, great biking weather, roller skating, whatever you'll be doing, running, participating in the activities with the artists as well. it will be in the lower 80s on sunday. also, if you're going to be in san francisco on sunday, it's going to be a touch cooler there, looking at low 70s. we will have that sunshine as you laugh at golden gate park. bring your blanket or lawn chair and enjoy the weather. the monterey jazz festival happening today. maybe long sleeves or a light jacket needed. if you're heading farther south to paso robles, if you want warmer weather, that will be a nice play to go. let me know what you're doing this weekend. check me out on facebook. just let me know. i'll have a look at today's te

morning, upper 60s this afternoon and for the north bay highs nice and comfortable as we wrap up the gopro grand prix of sonoma, low 80s, later on today, 70s closer to napa so a nice finish to the weekend and now as we transition officially from summer to fall, what's happening is a pattern that actually looks a bit more like fall. first you got the patches of low clouds, nice and clear around 3:00 this afternoon, and here comes the surge of more low clouds tomorrow morning. notice further inland toward the tri valley, banking up here along the altamont pass for your monday morning, higher chance of finding drizzle for the monday morning commute as the low clouds thicken up. to our north a few showers here near the california/oregon border as we're beginning to see a more active pattern taking away that strong ridge of high pressure we've seen for most of summer now, starting to see these areas of low pressure clip by, not bring us any showers as we start the week but it's the system wednesday into thursday which is going to drop down just east of the sierra. if it has enough moisture with

gopro up better than 5%. year to date, that stock up nearly 30. >> and ge leading the dow. haven't seen that in a while let's get over to brian and "the half." ♪ >>> and welcome to "the halftime report." i'm brian sullivan in for scott today. your top trade this hour, rates and the rally. can stocks really keep going up, even as interest rates are expected to rise it is a question literally with trillions on the line. so here is your trillion dollar lineup joe terranova, john najarian and pete joining us from his castle in the north woods of minnesota. guys, welcome. let's begin with the fed the odds of a rate hik

thank you for that perspective and color around the announcement we head to break check out shares of gopro. they're upping the third quarter guidance revenue and gross margins are expected to come necessity high end of expectations. the stock is responding, up 15%. still a long way to go from the highs. making its way slowly but surely higher not rebalancing your portfolio. pursuing your passion, not reacting to market downturns. focused on what you love, not how your money will last through retirement. let us help you with those decisions, and get on with your life. we make it easier to plan for retirement with day one target date funds from prudential. look forward to your 401k plan. dad: molly, can you please take out the trash? (sigh) ( ♪ ) dad: molly! trash! ( ♪ ) whoo! ( ♪ ) mom: hey, molly? it's time to go! (bell ringing) class, let's turn to page 136, recessive traits skip generations. who would like to read? ( ♪ ) molly: i reprogrammed the robots to do the inspection. it's running much faster now. see? it's amazing, molly. thank you. ( ♪ ) looking for a hotel that fits... thank yo

gopro up better than 5%. i mean sneakily year to date, that stock up nearly 30. >> and ge leading the dow. haven't seen that in a while let's get over to brian and "the half." ♪ >>> and welcome to "the halftime report." i'm brian sullivan in for scott today. your top trade this hour, rates and the rally. can stocks really keep going up, even as interest rates are expected to rise it is a question literally with trillions on the line. so here is your trillion dollar lineup joe terranova, john najarian and pete joining us from his castle in the north woods of minnesota. guys, welcome. let's begin with the fed the odds of a rate hike in december are high. one fed member indicated that he or she believes rates could rise a half percent at the december meeting, not just a quarter point. surat, can stocks and rates both rise at the same time? >> i believe they can. the reason being that the fed has been actually pretty good at telling us what they're going to do those expectations are baked into the market. the mar

gopro has become a favorite of short-sellers. interesting to see how that plays out.great, but a lot of investors feel it will drop as much as 15%, so that will be in focus. let's go on the bloomberg real quick. we have titled this the stock figures favorite chart. we are seeing correlation fall, so this is something being tracked. you see that after a week of record-breaking closes for the benchmarks, we saw the dow slide, the s&p and nasdaq just eat through with some gains -- just eke through with some gains. there are questions as to whether this rally still has legs. kathleen: we have fed talks this week. a load of economic data. i think you are very smart to call our attention to the consumer spending data. reporter: that really says a lot about our consumers putting the money out there in the economy. that puts focus on auto sales. the household a number will be very much in focus, on whether the car sales have rebounded. household spending is seen as steady, but the gains are seen as much less than expected for august. big-ticket items are expected to track wel

that's been a question for sometime >>> gopro is great today gross margins the high end of the guide.ove 10 almost a year working on that today. >> the 4th quarter is what is always going to matter for this company so it's great that they're current quarter profitable but i still think it's about holiday sales momentum. >> speaking of, restoration hardware trading higher after a big earnings beat. comps of 7% better than analyst were looking for this year revenues beat by 2%. eps beat by 18 cents and the company raised guidance. this is a surprising good quarter. shares up 40% here it's been having a goodyear but always concerns about the high debt load. a lot of analysts are raising their targets on restoration hardware having a better time managing invenn toirs. >> a huge debt buy back. you have a huge short squeeze on top of it. the stock still not at the highs it was at in june. >> this thing is is all over the place. you just never know. >> >> interesting comps down 4-9. looking for down 3-3 it does sort of lead you to amazon which is no longer a bookstore but they are opening a

go gopro, first device for virtual reality videos. ashley: say that three times.o do it. eleven dollars a share. talk about taking a hit, southwest airlines, they say they lost $100 million from natural disasters this quarter. when you say lost, i believe -- revenue that did not come out as oppose to flat out loss. big deal. stock is up 18 cents. would you pay $94,000 for pickup truck? that one right there is the new ford f-450, 94,000 bucks, would you buy one seka? >> the more i learn about it, the more i want one. this is the bentley of pickup trucks. this truck has 360-degree cameras, american truck made by ford. you roll up in this thing, people are going to take your seriously. liz: gorgeous. ashley: i would hope so. [laughter] stuart: lizzie said it's gorgeous. would you buy one? i bought one, i bought the ford-150 two weeks ago. >> my protest against detestable tesla. [laughter] >> rafter pickup a month ago. stuart: no you didn't. most of the viewers don't know what a raptor is, way off the ground. you drive one of them, puzder. do you have a ranch or somet

most will not gopro to do this for a living. they need some financial incentive.ness. get big ratings. coaches in schools get big money, even done once they graduate, some type of reward for their effort because they spend all time studying together, playing together, selling together, traveling together at lucrative levels. i think some money has to come back. years later we'll look back saying how did we get away with this. stuart: i agree entirely, ashley, i really do. we turn to the nfl. we got ratings for sunday night. i'm not surprise, revelation ratings for the pregame show dealing with the game, sports, highlights thereof, the pregame ratings were up 19 sunday night. once the game actually started where you see the national anthem and protests that is when ratings take a dive down 10% or more. that tells me that people watching on television are fed up with this stuff and they just want to watch the game. what say you? >> a couple of things. i was interested in the pregame too. often times biggest names, howie long, think about michael strahan, terry brads

plus, practice runs starting right now for this weekend's gopro grand prix.e man behind the movie. garth brooks shocks a couple mid-concert with something they were not expecting. >> welcome to the happiest day. >> this is the best show in the world. >> that's good. >> from nbc news. >> what? >> this is "today" with kathie lee gifford and hoda kotb. live from studio 1a in rockefeller plaza. >> how do we do it day after day? ♪ >> yeah, baby it's try day

that's so much more than a gadget it's not like some -- >> yeah, it's a lifeline >> it's not like so gopro on your bike helmet. >> as you pointed out, this is something you'll go back to work to go find if you forget it. >> it's $1,000 and andrew will be waiting if line for hours don't miss complete coverage of this apple event this afternoon on "power lunch. that's a nice shot there united nations security council unanimously approved new sanctions against north korea last night the north korean ambassador to the u.n. conference on disarmament said that his delegation condemns in the strongest terms the latest security council resolution, calling it illegal the envoy says forthcoming measures by north korea will make the u.s. suffer the greatest pain it ever experienced. in the understated terms we hear from that country. >> marc lasry is here. you're chuckling a little bit about this, but look, this is something that really has started to affect investors' mentality as they look at this north korea being more and more belligerent, having more and more missiles launched up, and even cited