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Nov 17, 2016
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for that we have kcbs radio's financial reporter jason brooks. >> reporter: good morning.ay for tesla and solarcity shareholders. they will vote after the closing bell on tesla's proposed $2.3 billion merger. elon musk says this merger makes sense and it's the next logical step in clean energy and turning away from fossil fuels. investors in a number of wall street critics think that this could be a problem for tesla down the road as solarcity burns through cash and tesla needs all resources to begin the massive production of its next generation model 3 in late 2017. a couple of key economic reports out today. home construction surged higher in october. it was the biggest one month gain in 25 years. also the highest level of activity since 2007. unemployment claims fell by 19,000 down to the lowest level since 1973. stock market fairly flat this morning. let's go to the big board and see how we're doing so far. hoping to get the dow back into the winning side after its winning streak was snapped yesterday and so far the blue chips up 17 points. nasdaq gaining 7 and the s&p
for that we have kcbs radio's financial reporter jason brooks. >> reporter: good morning.ay for tesla and solarcity shareholders. they will vote after the closing bell on tesla's proposed $2.3 billion merger. elon musk says this merger makes sense and it's the next logical step in clean energy and turning away from fossil fuels. investors in a number of wall street critics think that this could be a problem for tesla down the road as solarcity burns through cash and tesla needs all...
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Nov 9, 2016
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military stocks and they're rising there, kenny. >> jason brookes, thank you. >>> some students in the east bay may be too young to vote, but that is not stopping them from being vocal about the election. kpix 5s sandra osbourne is live at berkry high school where 1500 students -- berkeley high school students put down their pencils to march. >> reporter: two other high schools had walk-outs today. here, roughly half of the student population marched in protest. emotions high as students process the election results at berkley high school. >> they're crying, they're angry, they're expressing feelings of being unsafe. >> reporter: half of the student population, roughly 1500 students, rallied in the court yard marching off campus. >> there seems to be a great amount of solidarity around this issue. >> the point is that for us to be able to stand and be together and be strong. >> reporter: students live streamed the rally online. our chopper video shows similar protests coming from both oakland tech and bishop odowd. these rallies formed after reaction protests sparked in downtown oaklan
military stocks and they're rising there, kenny. >> jason brookes, thank you. >>> some students in the east bay may be too young to vote, but that is not stopping them from being vocal about the election. kpix 5s sandra osbourne is live at berkry high school where 1500 students -- berkeley high school students put down their pencils to march. >> reporter: two other high schools had walk-outs today. here, roughly half of the student population marched in protest. emotions...
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Nov 7, 2016
11/16
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an update from our financial reporter, jason brooks. ,, that story and more... from k-c-b-s radio financial reporter that story and more... from k-c-b-s radio financial reporter jason brooks. >>> one silicon valley company is on the verge of buying another. >> that story and more from our financial reporter, jason brooks. >>> good morning, another big merger is about to happen. it's got enough built up with shareholder support to buy san mateo net sweep. the biggest institution shareholder has opposed the take overbid claiming that oracle's executive and his familiar already own too much stock and that makes it a conflict of interest but oracle says it's managed to garner enough support to push the deal through. they want to base their own services such as human resources and financial software planning. the stock is shooting higher on that report. also news out of japan, toyota starts to produce vehicles such as high dridz and fuel cell technology. now it's going to go after the electric vehicle market as early as a few years from now. >>> there's a relief rall
an update from our financial reporter, jason brooks. ,, that story and more... from k-c-b-s radio financial reporter that story and more... from k-c-b-s radio financial reporter jason brooks. >>> one silicon valley company is on the verge of buying another. >> that story and more from our financial reporter, jason brooks. >>> good morning, another big merger is about to happen. it's got enough built up with shareholder support to buy san mateo net sweep. the biggest...
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Nov 23, 2016
11/16
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coming up we'll get an update from kcbs radio's financial reporter jason brooks. ,, gayle king joins us now from new york. good morning. thanks. morning starts at >>> time for a look at what's coming up on "cbs this morning." gayle king joins us from new york. >> reporter: from prosecuting hillary clinton to global warming and torture we'll look at issues where president-elect trump may be changing his positions plus target's ceo is in studio 57 with this year's strategy to take on, online retailers. >> the typical thanksgiving meals is over 4500 calories. that's a lot of food. how to approach the big meal. the news is back in the morning. we'll see you at 7:00. happy thanksgiving. see you in 15 minutes. >> thank you, happy thanksgiving to you, too. and by the way, i approach the thanksgiving meal with don't even think about calories. i just eat. >> no, i approach the thanksgiving meal, too, yoga pants and stretch pants. >> elastic is my friend. >> anything with elastic is a good thing. >> all right. gayle, thanks so much. >> see you. >> if a typical dinner is 4500, i'm probably cons
coming up we'll get an update from kcbs radio's financial reporter jason brooks. ,, gayle king joins us now from new york. good morning. thanks. morning starts at >>> time for a look at what's coming up on "cbs this morning." gayle king joins us from new york. >> reporter: from prosecuting hillary clinton to global warming and torture we'll look at issues where president-elect trump may be changing his positions plus target's ceo is in studio 57 with this year's...
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Nov 30, 2016
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from k-c-b-s radio financial reporter jason brooks. >>> a san mateo company was talk of a tech gadgett and more from kcbs radio's financial reporter jason brooks. >> reporter: it's been a tough go for gopro over the past year. camera sales have weakened. they had to recall its much hyped drone after reports that it would lose power in use. the company is now going to cut 15% of its workforce. that works out to about 200 workers. it's also cutting back at facilities, closing entertainment division, to save money to make up for weaker sales. it will save significantly in 2017. in a silver lining for gopro the ceo said that camera sales were up over 30% between thanksgiving and cyber mon. so that at least provides a decent head start going into the holiday season. >>> shares in gopro are rising on the restructuring news. lots of economic news out. some of this is pretty good, too. adp says private firms added 216,000 jobs in november stronger than expected in the labor department on friday. the commerce department says while consumer spending rose a third%, paychecks were up a .5% the st
from k-c-b-s radio financial reporter jason brooks. >>> a san mateo company was talk of a tech gadgett and more from kcbs radio's financial reporter jason brooks. >> reporter: it's been a tough go for gopro over the past year. camera sales have weakened. they had to recall its much hyped drone after reports that it would lose power in use. the company is now going to cut 15% of its workforce. that works out to about 200 workers. it's also cutting back at facilities, closing...
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Nov 3, 2016
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kcbs radio's financial reporter jason brooks! >> everyone is glowing after that game. come on, it was one of the best sporting events ever. it was fantastic. and, of course, the cubs game is trending all over facebook right now. facebook really was trending high in the recent quarter. its profit tripled. its revenue was up over 50% just blockbuster numbers as facebook crushed expectations. however! the company is warning that its advertising revenue both is slowing down. and on top of that, it still plans to spends a lot of money on opening new data centers adding new engineers, as it looks to build out the business. investors are worried about facebook's growth and as a result, shares in the company are down by 5% in the early going today. san francisco activity band maker fitbit is getting hammered after a weak 3rd quarter. it saw a big drop in sales and fitbit is also warning that its holiday season growth won't be as strong as in past years. as a result, fitbit shares are down by 30%. unemployment up 7,000 this week to 265,000. i think that's still decent job growt
kcbs radio's financial reporter jason brooks! >> everyone is glowing after that game. come on, it was one of the best sporting events ever. it was fantastic. and, of course, the cubs game is trending all over facebook right now. facebook really was trending high in the recent quarter. its profit tripled. its revenue was up over 50% just blockbuster numbers as facebook crushed expectations. however! the company is warning that its advertising revenue both is slowing down. and on top of...
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Nov 29, 2016
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coming up, we'll get an update from kcbs radio's financial reporter jason brooks. >>> good morning.across the bay area. cool with light winds. a high surf advisory is in effect for the coast. 57 in pacifica, onshore 50s around the peninsula. low 60s santa clara valley. whimming around to the eastern portion of our bay area. bright sunshine and great visibility. mount diablo in the 50s, antioch 50s. north bay stinson beach 57. 62 novato, sonoma and napa areas. far reaches of the north bay high 50s and low 60s. >>> survivors of last year' shooting in san bernardino are telling county supervisors they are not getting the treatment they need. a husband and wife terrorist duo killed 14 and injured 57 others that day at a county building last december. both later died in the shootout with authorities. some survivors have complained about having workers' compensation claims denied and having trouble obtaining drugs, counseling and other treatment. >> one time i tried to [ indiscernible ] medication, i was told by the pharmacy the approving company saying that [ indiscernible ] [ heavy acce
coming up, we'll get an update from kcbs radio's financial reporter jason brooks. >>> good morning.across the bay area. cool with light winds. a high surf advisory is in effect for the coast. 57 in pacifica, onshore 50s around the peninsula. low 60s santa clara valley. whimming around to the eastern portion of our bay area. bright sunshine and great visibility. mount diablo in the 50s, antioch 50s. north bay stinson beach 57. 62 novato, sonoma and napa areas. far reaches of the north...
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Nov 4, 2016
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coming up, we'll get an update from kcbs radio's financial reporter jason brooks. ,, >>> good morning. it's friday but i know you're looking ahead to the weekend. how about heading out to discovery day? that's tomorrow at at&t park. sun and clouds, 63 degrees. great day for kids. also, for the kids and for you, too, holiday ice rink in san francisco, yes! at the embarcadero center, it's opened up this weekend. in the low 60s. how about holiday ice rink at union square? also opening up. partly cloudy skies, can we say holiday season? if you are ready for football the san francisco 49ers hosting the new orleans saints sunday at 1:05, partly cloudy, 67 degrees. but if you wanted some real football? we're talking about the oakland raiders. [ laughter ] >> playing host to the super bowl champions the denver broncos. we are going to have some sun and clouds, we are going to have 62 degrees and we are going to guarantee a big raider victory!! >>> thank you. the final jobs report before tuesday's election. >> joining us now kcbs radio's financial reporter jason brooks. >> reporter: good morni
coming up, we'll get an update from kcbs radio's financial reporter jason brooks. ,, >>> good morning. it's friday but i know you're looking ahead to the weekend. how about heading out to discovery day? that's tomorrow at at&t park. sun and clouds, 63 degrees. great day for kids. also, for the kids and for you, too, holiday ice rink in san francisco, yes! at the embarcadero center, it's opened up this weekend. in the low 60s. how about holiday ice rink at union square? also opening...
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Nov 15, 2016
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joining us now is kcbs radio's financial reporter jason brooks brooks. >>> consumers did more spending than expected. the commerce department reported that retail sales last montrose.8% a solid gain in september. home improvement chains had a big month auto dealers also did well. couple of areas that continue to struggle home furnishings and also restaurants saw weaker sales. airline stocks are buzzing that warren buffett has invested in four airlines at one time. united, american, delta and southwest. buffett is known for being a conservative investor. didn't like airlines in the past so the industry may be stable. >>> the stock market is aiming for another winning session. the dow has closed six straight winning sessions three straight record closes in a while since the presidential election. the tech sector is attempting to rebound. a lot of pressure on tech firms. let's go to the big board right now and see how we're doing so far this morning. dow down by 50 points. nasdaq is up 25. s&p is up 3. back to you. >> thank you. >>> the san francisco board of supervisors is going to vote
joining us now is kcbs radio's financial reporter jason brooks brooks. >>> consumers did more spending than expected. the commerce department reported that retail sales last montrose.8% a solid gain in september. home improvement chains had a big month auto dealers also did well. couple of areas that continue to struggle home furnishings and also restaurants saw weaker sales. airline stocks are buzzing that warren buffett has invested in four airlines at one time. united, american,...
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Nov 28, 2016
11/16
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coming up, we'll get a report from financial reporter jason brooks. thanks man. imagine if the things you bought every day earned you miles to get to the places you really want to go. with the united mileageplus explorer card, you'll get a free checked bag, 2 united club passes... priority boarding... and 30,000 bonus miles. everything you need for an unforgettable vacation. the united mileageplus explorer card. imagine where it will take you. flying into a storm >>> welcome back. a miraculous rescue in arkansas after an eight-month old baby survived a crash that sent her flying ing into a storm drain. >> after the crash the baby who had been in the backseat was nowhere to be found. firefighters scoured the area when all the sudden they heard a faint cry coming from a storm drain about 25 feet away from the crash. >> it was a miracle. nobody but god. the way they had to pull out the drain -- they had to turn her head a certain way just to go down and she was just sitting there looking up waiting on them to come get her. >> the baby had a little more than a scratc
coming up, we'll get a report from financial reporter jason brooks. thanks man. imagine if the things you bought every day earned you miles to get to the places you really want to go. with the united mileageplus explorer card, you'll get a free checked bag, 2 united club passes... priority boarding... and 30,000 bonus miles. everything you need for an unforgettable vacation. the united mileageplus explorer card. imagine where it will take you. flying into a storm >>> welcome back. a...
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Nov 10, 2016
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jobless claims. >> joining us now is jason brooks. good morning. >> a lot of people work -- were surprised the stock market had such a big day yesterday and investigators -- investors were quick to seize on what they thought would be the big winners in a -- in a trump white house and republican controlled congress, big banks, pharmaceutical firms, defense contractors and any company that would be tied to infrastructure improvements. trump has said he wants to do a lot of building and that will come with a lot of high spending in the process. those particular industries saw huge stock gains yesterday and continued to benefit this morning. once again the stock market off on another terror, setting a new record for the dow jones cruising well past its prior record add 18636 setback in august. we are at a shot of 19,000 if the stock market continues surging today. right now it's up by more than 160 points. nasdaq up as well as snp up 17. tech firms not really taking share in this. apple and google and facebook down slightly. a lot of unce
jobless claims. >> joining us now is jason brooks. good morning. >> a lot of people work -- were surprised the stock market had such a big day yesterday and investigators -- investors were quick to seize on what they thought would be the big winners in a -- in a trump white house and republican controlled congress, big banks, pharmaceutical firms, defense contractors and any company that would be tied to infrastructure improvements. trump has said he wants to do a lot of building...
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Nov 1, 2016
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joining us now is kcbs radio's financial reporter jason brooks. >> reporter: good morning.ctober was a record month for mergers that we started off november with one falling apart. it never got to that stage as tribune the owner of the "los angeles times" and chicago tribune and other papers fended off a takeover by gannett. they wanted to add them to their portfolio. newspapers are struggling with weaker print ad revenue but they managed to convince its shareholders to go along with its own plans to focus more on tech, artificial intelligence and even a global expansion into entertainment and video. >>> automakers reporting their october sales results today not including ford. they had a fire at its dearborn michigan headquarters. no injuries but there were electrical problems that caused data disruption so ford will delay its sales report to later this week. the fed kicks off a two-day meeting today but most expect them to raise rates despite some improving economic signals mainly because of the election. analysts reporting 50/50 odds on the feds making a move in december
joining us now is kcbs radio's financial reporter jason brooks. >> reporter: good morning.ctober was a record month for mergers that we started off november with one falling apart. it never got to that stage as tribune the owner of the "los angeles times" and chicago tribune and other papers fended off a takeover by gannett. they wanted to add them to their portfolio. newspapers are struggling with weaker print ad revenue but they managed to convince its shareholders to go along...
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Nov 14, 2016
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the dow is up 32 points and coming up, we'll get an update from kbs financial reporter jason brooks.in a pick and choose world. love or like? naughty or nice? calm or bright? but at bedtime... why settle for this? enter sleep number. don't miss the semi-annual sale, going on now. sleepiq technology tells you how you slept and what adjustments you can make. she likes the bed soft. he's more hardcore. so your sleep goes from good to great to wow! give the gift of amazing sleep. only at a sleep number store, right now save $500 on the queen cse mattress with sleepiq techonology. plus 36 month special financing. has nothing to do with exploding cell phones. for that story and more from the business world... here's k-c-b-s radio financial reporter jason brooks. >>> good morning, samsung definitely wants to take some of the attention away from its galaxy note seven and they're making a huge bet on the connective car business. it's buying harmon for $8 billion. it's an audio pioneer for several decades. it's made a big move into connected car technology in the past few years but silicon val
the dow is up 32 points and coming up, we'll get an update from kbs financial reporter jason brooks.in a pick and choose world. love or like? naughty or nice? calm or bright? but at bedtime... why settle for this? enter sleep number. don't miss the semi-annual sale, going on now. sleepiq technology tells you how you slept and what adjustments you can make. she likes the bed soft. he's more hardcore. so your sleep goes from good to great to wow! give the gift of amazing sleep. only at a sleep...
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Nov 18, 2016
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"salesforce" and ross are higher in the early going. >> jason brooks from kcbs radio. thank you, jason. >>> time for a look at what's coming up later on "cbs this morning." gayle king joins us now from new york. good morning, gayle. >> reporter: i have it right here. hey, michelle. we're going to take a closer look at the president-elect's choice for national security adviser lieutenant general michael flynn. plus, from the world's most famous kiss you remember that to the first photo taken with a cell phone bet you don't know about that one "time" magazine shares the 100 mostly in shall photos of all time -- influential photos of all time. we continue our series a more perfect union how a question in a grocery store led to a friendship between a child and old man. >> i cannot stress enough how great this story s story is. you'll love it. >> very special. >> it's very, very special. >>> new york city police departments and secret service expected to announce a permanent plan to secure trump tower today. right now, new york's iconic fifth avenue is packed with barricade
"salesforce" and ross are higher in the early going. >> jason brooks from kcbs radio. thank you, jason. >>> time for a look at what's coming up later on "cbs this morning." gayle king joins us now from new york. good morning, gayle. >> reporter: i have it right here. hey, michelle. we're going to take a closer look at the president-elect's choice for national security adviser lieutenant general michael flynn. plus, from the world's most famous kiss you...
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Nov 2, 2016
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. >> joining us now is kcbs radio's financial reporter jason brooks. >>> good morning. october was a record month for mergers in the u.s. and november already seeing some wheeling and dealing. irvine based broadcom is buying san jose's brocade communications. in a $5.5 billion deal, bro, broadcom likes brocade but plans to sell off its ip networking business breaking it up into other potential deals. getting word that the job market didn't grow as strongly in october as it has over the past few months. private payroll tracker adp says it was a gain of 147,000 jobs the weakest since may. this is before the labor department reports its october numbers on friday. economists looking for a gain of around 170,000 jobs. lots of bay area firms reporting their earnings and there are some winners including square as well as yelp. yelp is starring so far on wall street. the company had a very strong quarter saw a big gain in users, reviews, local advertising and its shares right now are shooting higher by 16% in the early going. that in and of itself is not enough for the overall
. >> joining us now is kcbs radio's financial reporter jason brooks. >>> good morning. october was a record month for mergers in the u.s. and november already seeing some wheeling and dealing. irvine based broadcom is buying san jose's brocade communications. in a $5.5 billion deal, bro, broadcom likes brocade but plans to sell off its ip networking business breaking it up into other potential deals. getting word that the job market didn't grow as strongly in october as it has...
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Nov 11, 2016
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kcbs reporter jason brooks reports on why the nasdaq is a little worried about a trump white house.>> reporter: the nasdaq lost ground with heavy selling a big tech firms like apple, google, facebook, microsoft and amazon. silicon valley may have gained an enemy and a republican white house and republican-controlled congress. trump is called for a boycott of apple products after the company refused to help the fbi access a terrorist iphone. he is accused the ceo of amazon of buying the unit -- the washington post to use the papers to influence policy -- politicians in washington, dc to get favorable tax rates for e-commerce. there is uncertainty about tech companies and their future with a trump white house.>> reporter: shares of amazon fell 4% annapolis down 3%. -- and apple is down 3%. >>> the only way to move forward is to move forward together. our company is open to all and we celebrate the diversity of our team. regardless of what they look like, where they come from, who they worship or who they love. mark zuckerberg and david went eight also issue statement to employees about
kcbs reporter jason brooks reports on why the nasdaq is a little worried about a trump white house.>> reporter: the nasdaq lost ground with heavy selling a big tech firms like apple, google, facebook, microsoft and amazon. silicon valley may have gained an enemy and a republican white house and republican-controlled congress. trump is called for a boycott of apple products after the company refused to help the fbi access a terrorist iphone. he is accused the ceo of amazon of buying the...
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Nov 10, 2016
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jason brooks tells us what this all means. >>reporter: wall street pulled a big surprise today after stock futures plunged in overnight trading stocks surged higher today. the dow closed in on a record high as investors got past their initial uncertainty over a trump white house. they found several different winners the business world. banks did very well as it's believed republican controlled congress could roll back some of the financial regulations that were created after the financial crisis. pharmaceutical companies did well as hillary clinton had campaigned against high drug prices and defense contractors also surged higher as donald trump has promised to build up the u.s. military. clean energy firms were the big loser. trump is known as being pro fossil fuel and that meant bad news for companies like tesla and solar panel makers like solar city and sun power. >> experts say trump's calm remarks in his victory speech gave global markets some reassurance. >>> one man in san francisco took he extreme measures against pres
jason brooks tells us what this all means. >>reporter: wall street pulled a big surprise today after stock futures plunged in overnight trading stocks surged higher today. the dow closed in on a record high as investors got past their initial uncertainty over a trump white house. they found several different winners the business world. banks did very well as it's believed republican controlled congress could roll back some of the financial regulations that were created after the financial...
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Nov 23, 2016
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jason brooks weighs in on the hype over the so-called trump bump. >> reporter: stocks have soared higherce the election. investors see the corporate of -- see the promise of corporate tax cuts, heavier infrastructure spending that has lifted steel stocks, and bank stocks have really boosted the dow during that rally as interest rates have soared hire. stocks also closed higher across asia and europe. >>> coming up, a woman's storage unit burglarized, but the insurance she bought didn't cover a cent. only on 5, our undercover investigation into complaints of a hidden center. >>> and ellen degeneres is awarded the presidential medal of freedom. why getting inside the white house wasn't so easy for the comedian. ,,,,,,,,,, ,,,, but what happens when there's a burglary? only on 5: >>> thousands of people use public storage to store all their stuff but what happens when there's a burglary? only on 5, julie watts found that lots of people are complaining that the insurance they bought isn't worth the paper it's printed on. >> reporter: this is undercover video of a public storage employee maki
jason brooks weighs in on the hype over the so-called trump bump. >> reporter: stocks have soared higherce the election. investors see the corporate of -- see the promise of corporate tax cuts, heavier infrastructure spending that has lifted steel stocks, and bank stocks have really boosted the dow during that rally as interest rates have soared hire. stocks also closed higher across asia and europe. >>> coming up, a woman's storage unit burglarized, but the insurance she bought...
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Nov 21, 2016
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k-c-b-s radio financial reporter jason brooks. >>> big news for companies based in san jose and san francisco. . >>> good morning, everybody concerned about their privacy and security online and we get a big deal in that space this morning. the mountain view based semantec is buying life lock based in attempt pee arizona with 4.4 4.4 million subscribers who use the fraud and identity protection services. they want to integrate the service into the norton anti virus protection software creating the large e consumer internet protection company in the world. >>> an jose based adoe do be holiday says say people won't be shopping online as much. online sales rising three ht 6% this season and that's still stronger than what we expect to see at brick and manaforter mortar. the election is cited for the main reason. >>> stock market is choppy this week. thanksgiving holiday coming up. off to a positive start this morning. surging owl prices are boosting the energy sector. chevron and exxon are deal well. the dow is up by 46 points and nasdaq gaining 30. >>> time check 6:44 now. a check on our mornin
k-c-b-s radio financial reporter jason brooks. >>> big news for companies based in san jose and san francisco. . >>> good morning, everybody concerned about their privacy and security online and we get a big deal in that space this morning. the mountain view based semantec is buying life lock based in attempt pee arizona with 4.4 4.4 million subscribers who use the fraud and identity protection services. they want to integrate the service into the norton anti virus protection...
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Nov 8, 2016
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nasdaq gained 119 and the s&p gained 46 as financial reporter jason brooks explains, investigators seerence between clinton and trump. >> investigators don't necessarily like hillary clinton much more than donald trump but they have an idea of how economic policies will come down and impact the stock market. that's not the case with donald trump and the stock market doesn't like uncertainty. >> specifically targeting latino voters. on the growing political power of this group, len? >> reporter: well, veronica, reports around the country say latinos are early voting far above the levels of 2012. this is a reason why. this is phone bank, volunteers from pact, people acting in community together. they are lower income minority voters, hispanic voters to get out to vote, all part of a rally tonight in san jose. >> how valuable your vote is. >> members of the faith community joined with both low income workers and their families to get out to vote. >> i am not a citizen so i cannot vote, but i have been working with pact to make sure people that can vote know their rights and motivate them
nasdaq gained 119 and the s&p gained 46 as financial reporter jason brooks explains, investigators seerence between clinton and trump. >> investigators don't necessarily like hillary clinton much more than donald trump but they have an idea of how economic policies will come down and impact the stock market. that's not the case with donald trump and the stock market doesn't like uncertainty. >> specifically targeting latino voters. on the growing political power of this group,...
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Nov 11, 2016
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. >>> kcbs radio's financial reporter jason brooks is off for veterans day but u.s. markets are open. the dow and nasdaq just slightly down in the first few minutes of trading today. here's jill wagner of cbsmoneywatch.com >>> reporter: the post-election rally continues on wall street. the dow jumped 218 points on thursday closing at a new record high. but the nasdaq fell 42 points. banking stocks are surging to levels not seen since the financial crisis. investors think a trump administration will ease regulations on the financial industry and repeal the 2010 dodd franks financial reform act. but tech stocks like amazon, google and facebook are falling. silicon valley overwhelmingly supported hillary clinton. there is concern about online privacy under a trump administration and worries about global trade. and important recall, millions of smoke and carbon carbon monoxide detectors are being pulled. the alarm can stop chirping when it reaches its 7-year end of life if the batteries are replaced leaving consumers to believe it's still working. and alibaba is on pace
. >>> kcbs radio's financial reporter jason brooks is off for veterans day but u.s. markets are open. the dow and nasdaq just slightly down in the first few minutes of trading today. here's jill wagner of cbsmoneywatch.com >>> reporter: the post-election rally continues on wall street. the dow jumped 218 points on thursday closing at a new record high. but the nasdaq fell 42 points. banking stocks are surging to levels not seen since the financial crisis. investors think a...
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joining us now our financial reporter jason brooks. >> good morning.e first time this morning. yesterday we saw the dow maas and s&p 500 post record highs, the first time since december of 1999 in a all three indices did that on the same day. all three again heading higher today. cyber security stocks, though, not enjoying the rally after mixed results and a slighty weaker than expected forecast. its shares are down double- digits and other silicon valley firms also falling. >>> volkswagon says it will start building electric vehicles in north america in 2021. it has not said where it will do so. it has a big plant in pueblo, new mexico where it makes the gulf. and another plant in chattanooga, tennessee, where it makes two other vehicles. the market off to a good start like we said. let's look at the numbers and see if the dow can stay above 19,000 for the first time. it is just over 30 points. nasdaq gaining 12 and the s&p 500 up by 3 points in the early going. kenny, back to you. >>> in richmond, city officials get a tip about illegal dumping and su
joining us now our financial reporter jason brooks. >> good morning.e first time this morning. yesterday we saw the dow maas and s&p 500 post record highs, the first time since december of 1999 in a all three indices did that on the same day. all three again heading higher today. cyber security stocks, though, not enjoying the rally after mixed results and a slighty weaker than expected forecast. its shares are down double- digits and other silicon valley firms also falling....
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joining us now is kcbs radio's financial reporter jason brooks. >> reporter: good morning.in 2016 has been at its weakest since 2009. we might have to wait until 2017 but a big one is on the way. snap, the parent company to messaging app snapchat, has filed confidential paperwork to go public. probably not until march of 2017. but it could value the company at $25 billion. one of the bigger tech unicorns. the companies with private valuations of at least $1 billion. snapchat has been on the rise in 40 years. the venice, california has 150 million daily users and it's seen as a threat to bigger social networks to twitter and facebook because it's got a lot of younger users. almost half of snapchat's users are between the ages of 18 and34. >>> on the economic front today wholesale side inflation flat in october. gas prices were up but food prices were down. the stock market may start to run out of gas. it's been a rally on a 7 session winning streak with several records. dow down 60 at the early going. nasdaq up several points and s&p is moving lower by 3. back to you. >> tha
joining us now is kcbs radio's financial reporter jason brooks. >> reporter: good morning.in 2016 has been at its weakest since 2009. we might have to wait until 2017 but a big one is on the way. snap, the parent company to messaging app snapchat, has filed confidential paperwork to go public. probably not until march of 2017. but it could value the company at $25 billion. one of the bigger tech unicorns. the companies with private valuations of at least $1 billion. snapchat has been on...
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brooke? >> jason, thank you and thanks to your crew for working double duty on this holiday. meantime, this new report says trump is choosing not to take daily intelligence briefings, he has taken two so far since being elected that have been prepared for him. according to this peace in the "washington post" today an intelligence team has been ready to brief trump everyday since the election but he's only met with them twice. we know that vice president-elect mike pence has been receiving his briefings just about everyday. so bob baer is the voice we wanted to hear from today, cnn intelligence and security analyst and former cia operative. happy thanksgiving, bob baer. first things first. before we get into this alarming or not, what sort of intelligence would he be receiving in this pdb -- presidential daily brief? >> well, brooke, these things are crucial for a president. you had the briefers come out, there could be additional briefers, not only do they bring him up to speed on today's dell jens but they put in the context which for somebody like trump is extremely importa
brooke? >> jason, thank you and thanks to your crew for working double duty on this holiday. meantime, this new report says trump is choosing not to take daily intelligence briefings, he has taken two so far since being elected that have been prepared for him. according to this peace in the "washington post" today an intelligence team has been ready to brief trump everyday since the election but he's only met with them twice. we know that vice president-elect mike pence has been...
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brooke? >> jason, thank you all these names floating around, south carolina governor nikki haley was a reluctant trump voter, remember this? months ago. in fact, before trump became the republican nominee governor hailey slighted trump and endorsed senator rubio and trump then counterpunched. remember this? >> donald trump is everything we hear and teach our kids not to do in kindergarten. i will not stop until we fight a man that chooses not to disavow the kkk. >> she's very, very weak on illegal immigration. we can't have that. >> we don't want a president that will just bash and sit there and tell us what we're not doing right. when a bully hits you, you hit that bully right back. >> now governor haley will be working for donald trump if she is confirmed. let me bring in voices here. andy shane of the south carolina paper coastal courier, retired army colonel peter mansour, aid to david petraeus and lanhee chen, who used to serve as public policy director for mitt romney. all these names are jgerma
brooke? >> jason, thank you all these names floating around, south carolina governor nikki haley was a reluctant trump voter, remember this? months ago. in fact, before trump became the republican nominee governor hailey slighted trump and endorsed senator rubio and trump then counterpunched. remember this? >> donald trump is everything we hear and teach our kids not to do in kindergarten. i will not stop until we fight a man that chooses not to disavow the kkk. >> she's very,...
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jason, good morning. >> reporter: good morning, brooke. no announcements expected today.elect and family to have time together. this is a down day for the lekesiz. the president-elect now calling for the country to ce together. president-elect donald trump diversifying his administration, picking two women to fill key positions, tapping former critic nikki haley as u.s. ambassador to the united nations. >> i will not stop until we fight a man that chooses not to disavow the kkk, that is not a part of our party. that is not who we want as president. >> she is very weak on illegal immigration. you can't have that. >> reporter: trump now touting the south carolina governor as a proven dealmaker with a proven track record of bringing people together. haley has accepted the position, she says, out of
jason, good morning. >> reporter: good morning, brooke. no announcements expected today.elect and family to have time together. this is a down day for the lekesiz. the president-elect now calling for the country to ce together. president-elect donald trump diversifying his administration, picking two women to fill key positions, tapping former critic nikki haley as u.s. ambassador to the united nations. >> i will not stop until we fight a man that chooses not to disavow the kkk,...
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brooke? >> all right, jason, thank you. >>> let's start there with cnn political commentator matt lewis and politicscom jason johnson. good morning. >> good morning. >> good morning. >> matt, let's start with you. when you look through some of these kellyanne tweets the word loyalist jumps out at me and betrayal. >> subtle, very, very subtle. >> very subtle. what's happening here? >> well, i think there are two possibilities. one possibility is that she's freelancing. that this is, that this is her doing something that, in itself, is remarkable. and politics there's always been this distinction between who the principals are and who the staffers are. principals are people like presidents and secretaries of state. they are seen at a different level than the staffers. staffers are sort of hired help that are to be seen and not heard. and, so, if kellyanne conway is doing this on her own to sort of advise president-elect trump through the media, that is something that would have been, in years past, frowned upon. you can't imagine dana perino dissing bolton during the george w. bush administration publ
brooke? >> all right, jason, thank you. >>> let's start there with cnn political commentator matt lewis and politicscom jason johnson. good morning. >> good morning. >> good morning. >> matt, let's start with you. when you look through some of these kellyanne tweets the word loyalist jumps out at me and betrayal. >> subtle, very, very subtle. >> very subtle. what's happening here? >> well, i think there are two possibilities. one possibility is...
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jason, good morning. >> reporter: good morning, brooke. no announcements expected today. this is the time for the president-elect and family to have time together. this is a down day for the lekesiz. the president-elect now calling for the country to ce together. president-elect donald trump diversifying his administration, picking two women to fill key positions, tapping former critic nikki haley as u.s. ambassador to the united nations. >> i will not stop until we fight a man that chooses not to disavow the kkk, that is not a part of our party. that is not who we want as president. >> she is very weak on illegal immigration. you can't have that. >> reporter: trump now touting the south carolina governor as a proven dealmaker with a proven track record of bringing people together. haley has accepted the position, she says, out of a sense of duty. haley, the daughter of indian immigrants is the first woman and first person of color to be elected as governor in south carolina. but some are questioning if she has enough foreign policy experience for her new diplomatic post
jason, good morning. >> reporter: good morning, brooke. no announcements expected today. this is the time for the president-elect and family to have time together. this is a down day for the lekesiz. the president-elect now calling for the country to ce together. president-elect donald trump diversifying his administration, picking two women to fill key positions, tapping former critic nikki haley as u.s. ambassador to the united nations. >> i will not stop until we fight a man that...
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brooks. >> see i've always known he's a great guy. >> jason fried, executive officer. a whole heck of a lot it cover in 3 minutes i'll do my best first of all, some of the things commissioner vietor i agree we need to go as green as possible one our program has a restriction how we get our electricity are all the restrictions needed they're keeping us in the way of having a more money important build out and more money for efficiency and as well as more money to go out address find on the resources of renewable energy that work perfectly fine climatic change is an international thing didn't matters where the green house gas - we need to have a contribution into our grid but taking a serious look are we regulating too much where the electricity comes from that hampers our ability to get more electricity within the last week i got an e-mail about a program they're getting rebates for people and helping to pay for the installation of charging station within our property we should be looking at ways to do that not only are we encouraging people to use greener trouble to ou
brooks. >> see i've always known he's a great guy. >> jason fried, executive officer. a whole heck of a lot it cover in 3 minutes i'll do my best first of all, some of the things commissioner vietor i agree we need to go as green as possible one our program has a restriction how we get our electricity are all the restrictions needed they're keeping us in the way of having a more money important build out and more money for efficiency and as well as more money to go out address find...
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brooks. >> see i've always known he's a great guy. >> jason fried, executive officer. a whole heck of a lot it cover in 3 minutes i'll do my best first of all, some of the things commissioner vietor i agree we need to go as green as possible one our program has a restriction how we get our electricity are all the restrictions needed they're keeping us in the way of having a more money important build out and more money for efficiency and as well as more money to go out address find on the resources of renewable energy that work perfectly fine climatic change is an international thing didn't matters where the green house gas - we need to have a contribution into our grid but taking a serious look are we regulating too much where the electricity comes from that hampers our ability to get more electricity within the last week i got an e-mail about a program they're getting rebates for people and helping to pay for the installation of charging station within our property we should be looking at ways to do that not only are we encouraging people to use greener trouble to ou
brooks. >> see i've always known he's a great guy. >> jason fried, executive officer. a whole heck of a lot it cover in 3 minutes i'll do my best first of all, some of the things commissioner vietor i agree we need to go as green as possible one our program has a restriction how we get our electricity are all the restrictions needed they're keeping us in the way of having a more money important build out and more money for efficiency and as well as more money to go out address find...
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out it's not unprecedented but in terms of a reason why, once again, brooke, would not be able to venture a guess at this point. >> jason carroll, thank you so much. let's dig deeper here. i have josh rogin, cnn political onlyist who is also a columnist for the "washington post" and ryan williams, former spokesman for mitt romney. fellows, happy thanksgiving, thanksgiving f thanks for working with me today. josh rogin, on the daily intel briefings, jason is right to point out other presidents past have chosen to take these intel briefings daily, others had not in that beginning time. how unusual is this for trump to have taken two? >> i think what's most troubling about the report is that it fits a pattern of donald trump sort of casting doubt on the products of the u.s. intelligence community. remember, during the campaign he also asserted that the intelligence officials who were briefing him weren't giving him their honest opinions with really no evidence. this also is sort of unprecedented because we have a president with no political or government experience, right? so, you know, he has a higher curve to climb. i wo
out it's not unprecedented but in terms of a reason why, once again, brooke, would not be able to venture a guess at this point. >> jason carroll, thank you so much. let's dig deeper here. i have josh rogin, cnn political onlyist who is also a columnist for the "washington post" and ryan williams, former spokesman for mitt romney. fellows, happy thanksgiving, thanksgiving f thanks for working with me today. josh rogin, on the daily intel briefings, jason is right to point out...
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jason pleading with cisco for his life. and cisco just laughed at him. >> well, why didn't you stop him? >> without a gun? he'd kill me too. >> i suppose you're right. hey, brooks, help me oveve >> me? i should say not! heheould have died in number 7, the small room with the tiny window, or he could have picked number 9, my cheapest room with the broken bed. but no, he had to die in the most expensive room in the hotel. i should say not. >> come on. (door closes) >> cisco, you hear what that man say? i would kill him quicker if he wasn't gonna run away from here quick. >> oh, but cisco-- >> not until we clear up this situation. >> y y know what my uncle tino once say? it's not good to wait around for your own funeral. and beside, from six feet under the ground you can't hear what the party's talking about. >> if there is going to be any funeral, it will be this man foster who will have it. come on, pancho, we have halt. i wouldn't do that if i were you. >> look, uh, if this is a robbery you're wasting your time. all my money's in the bank. >> is that where you put the money you stole from lacey? >> you're the one that took that money. >> you know better than th
jason pleading with cisco for his life. and cisco just laughed at him. >> well, why didn't you stop him? >> without a gun? he'd kill me too. >> i suppose you're right. hey, brooks, help me oveve >> me? i should say not! heheould have died in number 7, the small room with the tiny window, or he could have picked number 9, my cheapest room with the broken bed. but no, he had to die in the most expensive room in the hotel. i should say not. >> come on. (door closes)...
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brooks. >> see i've always known he's a great guy. >> jason fried, executive officer. a whole heck of a lot it cover in 3 minutes i'll do my best first of all, some of the things commissioner vietor i agree we need to go as green as possible one our program has a restriction how we get our electricity are all the restrictions needed they're keeping us in the way of having a more money important build out and more money for efficiency and as well as more money to go out address find on the resources of renewable energy that work perfectly fine climatic change is an international thing didn't matters where the green house gas - we need to have a contribution into our grid but taking a serious look are we regulating too much where the electricity comes from that hampers our ability to get more electricity within the last week i got an e-mail about a program they're getting rebates for people and helping to pay for the installation of charging station within our property we should be looking at ways to do that not only are we encouraging people to use greener trouble to ou
brooks. >> see i've always known he's a great guy. >> jason fried, executive officer. a whole heck of a lot it cover in 3 minutes i'll do my best first of all, some of the things commissioner vietor i agree we need to go as green as possible one our program has a restriction how we get our electricity are all the restrictions needed they're keeping us in the way of having a more money important build out and more money for efficiency and as well as more money to go out address find...
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brooks. >> see i've always known he's a great guy. >> jason fried, executive officer. a whole heck of a lot it cover in 3 minutes i'll do my best first of all, some of the things commissioner vietor i agree we need to go as green as possible one our program has a restriction how we get our electricity are all the restrictions needed they're keeping us in the way of having a more money important build out and more money for efficiency and as well as more money to go out address find on the resources of renewable energy that work perfectly fine climatic change is an international thing didn't matters where the green house gas - we need to have a contribution into our grid but taking a serious look are we regulating too much where the electricity comes from that hampers our ability to get more electricity within the last week i got an e-mail about a program they're getting rebates for people and helping to pay for the installation of charging station within our property we should be looking at ways to do that not only are we encouraging people to use greener trouble to ou
brooks. >> see i've always known he's a great guy. >> jason fried, executive officer. a whole heck of a lot it cover in 3 minutes i'll do my best first of all, some of the things commissioner vietor i agree we need to go as green as possible one our program has a restriction how we get our electricity are all the restrictions needed they're keeping us in the way of having a more money important build out and more money for efficiency and as well as more money to go out address find...