select with that look right yet the global assessment intervention look like?> it is very important that ,ithout and it's rental anchor this market will continue to selloff, and what you have seen today on very heavy volume and the amazing almost 1000 point range and fluctuation is there are still white a few people struck in over -- stock and over extended positions. have that muchot conviction and that is why we're selling off again. we need the external anchor them otherwise prices will have to go down a lot more. ?hat can that be unfortunately not the fed or ecb. this one is different. this is from the emerging world. what you need is something that stabilizes the emerging markets over there. that means china. you need something credible from china to act as the data laser. like--uld that look alix: what would that look like we have seen them try different things. olivia: they have even devalue the currency. the devaluing of the currency of the time was good in the medium-term beverly that in the short term, because it added to the instability. you have to

look at this. despite dismal economic numbers over the weekend, we had export numbers that fell short of expectations, but what is really driving this intense investor interest today, the optimism permeating this market despite the chinese economic situation, is that the government seems to be pushing forward with its plans to overhaul inefficient state-owned enterprises. we are talking about the shipping industry. there's speculation that china shipping group, as well as costco, major names our viewers are familiar with in the harbor in hong kong or elsewhere, these companies may merge according to people familiar with the matter. that's leading to speculation that china is intent on carrying out this reform. critical to reducing inefficiency and creating new opportunities for chinese companies to create -- to compete on a global sale. merger ofh the the the railway companies. that created a conglomerate to rival ge and others. that's what we may see and it is leading to a gain for shipping compan

>>darya: to look at the weather in the next couple days will feel and what of start today a live look '50s in san francisco mid-50s in novato and santa rosa and out of is one of the cooler spot at the north bay wine country a mix of of the fifties to low 60s right now and a little breezy for folks in fairfield a lot of the delta committed near fairfield sale wins ride not about to be lost our sustained its breezy but everywhere else is going to kill the warm side in the south of 83 in san jose low 90s down near morgan hill. >>james: downtown san francisco 70 and mostly sunny will be a good one to be downtown and financial district temperatures warm little bit more before they start to come back down began on thursday saddam and sunday looks pretty good as to take a look the and the highs and the low 80s right now is over the some shot. >>george: starting to back up 16 minutes the to men as the drive time this does not look very good to men attracted backing up on the 80 ride that is a bad sign could be required to see law or delays for the 92 ride westbound things are really doing for

look for 90s. 100s. skies and patchy smoke and employing in the smoke from the north into the bay area. >> temperatures right now. >> it is warming up already. and the low 70s. in livermore. >> you will see hot temperatures today of the. >> also, upper 60s in napa. and in san jose. and 65-degree it is in san francisco. >> check this out for today. >> warming up for you at 94. 97 in castro valley. mid-90s in free month and richmond. heading inland and pretty much everywhere you look. and 103 here. and 105 in bless tant ton and in -- pleasantton and -- pleasanton and still warm in monterey. upper 70s for the beach and nice day to be on the coast. might be in ocean beach with my dog. the next three days, the cool down begins tomorrow and it will be a gradual cool down. >> 100 for the inland spots. and then tuesday we are talking lower 90s and back to school earlier in the week and definitely shorts and t-shirt weather. >> also look at the baseball forecast a little bit later. >>> thank you so much. >> for y

look at your map. the speed sensors reflect the same thing, kari talks about giants versus cubs 7:15 but not presenting any issue this morning what happen is is still construction crew blogging off the posy tube. that tube is closed for another few minutes, harpark, high stre open for businesses. rest of the bay moving well. >>> giants fans may be looking for ways to get to the park, uber breaking out the mold, testing out a bus-like service. >> for more, we turn to landon dowdy. good morning. >> good morning to you both. u.s. markets poises for another bounce at the opening bell today. following tuesday's late day fade. stocks started sharply higher with the dow up 441 at the highs, after china took action to try to prop up its slumping markets. but those gains were trimmed with selling picking up in final hour of trading. the dow closing down 205 for its biggest one day reverse until nearly seven years. index had five straight days of losses with more than 100 points. >>> asian markets mixed with chi

how are we looking sal ? >> we're looking okay. we have a couple of things going on.have a crash on saratoga. you can see the traffic on 280 is slowing way down. look at the bottom there. it's not moving. they're working to get this accident out of the way and you can use 101 as an alternate or 85. that freeway is not doing well as they clear that crash. let's take a look at the commute on 580. it's getting slower and you can see traffic is slowing up, coming up to the -- to west 580 near eden canyon. there's a crash they're. things have improved. if you're trying to get other the city, you've been waiting for the right time. right now is the right time. it's time for the forecast. let's go to rosemary. >> your bay area weekend, we have cloudy skies at this hour. as we get into the second part of the morning and the afternoon, mostly sunny at least away from the coastline. the coastline is going to remain mostly gray. giving you a live look at the gray sky. i'm beginning to see it burn off, so that's good news for folks looking forward to the sunshine. this coming fro

how are road looking. >> they are looking okay. we still have in play especially ones that are supposed to be out there this morning. the here's the schuylkill westbound off ramp to the blue route. right lane block but that construction is clearing. now i will let you know when that does because schuylkill is an area we will keep a close eye on this morning. we have construction on the vine street eastbound between 23rd and ben franklin park way. you can see shaking camera. could be winnie: i'm not quite sure. either way right lane is block. i will let you know what he that clears out. this is construction on the woodhaven road eastbound at bristol pike. right lane is block here. this is where we contend with construction season. over have night construction project and weekend construction projects in the evening. we are used to it. make note as you head out on the roadway that they are in place still this morning. and, we had an accident overnight, investigation process is still in play on route 130 northbound at route 543, bever

look at biotech, xbi. do not need a catalyst for names when too many people head for the door at the same time in a crowded name like this that's what happens. >> let's move on to twitter here. the shares of a beaten social giant fell 2%, coming right off its ipo level. the sell-off prompted silicon valley capitalist and twitter shareholder chris sacka to take to what else, twitter, to tweet this. "twitter's board of directors should put this looming uncertainty to rest by naming jack dorsey bane and evan williams as the company's leaders and let everybody go back to work. dan. >> i don't think there's anything new here. i think chris saka has been very smart about what he's been critical about as it relates to the company. he's not been dogging them. i think with the stock making a new all-time low today, $1 above their november 2013 ipo price i think investors are really -- they need to see more clarity. the company has not done that so far. but i will say that expectations may be low enough now, 26 buck

at the wednesday morning forecast is a live look outside as to take a look at the ride on westbound 80 traffic approaching the bay bridge here in oakland about 60 degrees right now should one of to the upper seven is clear on this afternoon. he >>michelle apon: today and tomorrow will be very warmer meant to near the upper 90s or so by tomorrow one of those fine lines and you said 96 still mid- 90s were talking about today we have of the fifties right now for the north bank and for the peninsula course start here but fall continues to grow and it will keep the temperature or where there or six is for the east bay shoreline and upper fifties to low 60s cool over they're looking a lower 60 for san jose now we like to get you ready for school here is what you can expect at a clock mid- 60's for those and then spots of resistance to near 60 by that time violence our around noon to but warmer and the latest plan on or seven is for the baseball across the coastal on the course at the '60s by 4:00 p.m. maybe after school still outside most dishonest-for the bay and light winds may be breez

if you look at this in a historical context, look at the s&p, 500 in 1995, 20 years ago, a four timerease in 2000. it includes two big dips, a 1,500 to 1,000 twice during the housing crisis and also during the financial crisis. ronald reagan joemp simplified it saying markets go up, markets go down, but this is a correction long overdue. >> lisa, you had an economy in this country that contracted in the first quarter before bouncing back in the second. we are weak. regardless of how you want to look at it, we are -- gary talking about wages have not been growing for years. you have very low labor participation rate. you have one indication of unemployment that is in double digits. people who want to work more but can't. is this a recession ahead? >> well, potentially. look, we've also had incredibly uneven economic growth as well. i think what's been happening here is the federal reserve has been propping up the stock market and there's no historical evidence to support that we can perpetually do this. i think if you couple that really with, you know, these regulations that we've see

f let's look at the bond market and look at what is going on with treasuries. little bit of a selloff going. selling.u're yesterday it was one point. i think the 10-year was below. it shows a lot of selling going on in the treasury market. let's look at this, it is gaining a little bit of strength. 1.14 against the euro. the yen have yet to devalue their currency for a long time. the pound sterling is giving up a little bit of gain. 157 -- 1.57. matt: it was down yesterday, down friday, down thursday. pimm: the selling of the dollar. are: investors are running looking for safer assets of they're not going to the dow -- pimm: bailey say sabr assets, but we know they are's -- they always say safer assets, but we know that they are selling the dollar and buying something else. let's look at what is going on in the s&p 500. asked by is the best-performing in the s&p 500, selling televisions, iphones -- they will increase the amount of for space devoted to apple products. matt: 13%. -- 14%. pimm: they will also reach reduce the apple watch. it will be in all of the

for suspects here is a live look outside the bay bridge toll plaza technical look at temperatures in oakland to there were we are looking at more sunshine for the forecast more details coming up after the break. >>anny hong: gas prices are holding steady across the country this morning they set nationwide drivers are paying $2.60 a gallon midwest cities are still saying the price jump from our refinery shutdown and indiana but here on the west coast they have dropped to look at what people are paying on the bay area this morning. thousand people took to the streets yesterday for the giant race this was the sixth a year for that which raises the money to provide meals to senior citizens and people are seriously ill from the bay area officials talk about the generosity there seem the number of registered runners in the events largest ever included runners 04 years old and 80 still had turf issues aside before the niners had the first season at a nearby stadium how it is the helping keep things cool for fans the earthquake anniversary coverage continues this morning of next the lessons

we will look at your map. we are lighting up some of the sensors from green to yellow coming into livermore, just the build. a slight one coming this it westbound as you typically see. tri-valley no problem. the south bay no issues as far as incidents go. we have a smooth drive, that crash at whipple still affects a the off ramp from northbound 101. >>> though to our continuing coverage on the tv news crew shooting in virginia. a community in mourning after two journalists are killed doing what they loved. both were preparing to begin exciting new chapters this their personal lives when the alleged gunman, vester flanagan, opened fire right in the middle of their live report. "today in the bay" stephanie chuang is live in our san francisco newsroom. this morning we are hearing emotional reactions from the family members and friends of those two victims. >> reporter: that's right. and it's it you have to hear. we heard from alison parker the reporter's boyfriend an anchor at the same station in virginia. he was

when you look at what we are looking to develop.mes to exploration, you tend to hang in there, waiting for prices to rebound. what is your expectation now? andrew: this is a good opportunity. if you look at the great opportunity, exploration is quite a long process. going to discovery, development and other stages. it is a process. this market today, offers great opportunity to get in. we're bullish on copper in the long run. we think there are fundamentals that we will see it gradually come back. shery: you had a big discovery in june. andrew: we continue that exploration on the ground. it is an exciting time. we're able to advance the project to its current market. that is what we are really looking at. shery: thank you so much for ceong in, andrew stewart, of xanadu mines. find out why korea's biggest power provider could be the topic of the day. we are back after this short break. ♪ shery: deutsche bank may be facing another investigation in the u.s. sources saying it concerns russia. kerry has the details from new york. kerry:

just look at the states. >> well, what do you look at, chuck?what i look at is there's a republican primary debate, kind of like asking a bunch of kids if they like ice cream. of course they'll talk about tax cuts but there's a history here. when george bush cut tacks we went into an all-time low and recession. as a small businessman, i'm not getting them. tax cuts normally only go to a small group of people who can employ logic and the rest of us are left behind. >> more to the recession than tax cuts, gary b. had a lot to do with the housing boom busting. take a look at tax cults and that what that means to job gains. what's the mechanism by which that works? >> easy, brenda. first, there's two points. one, even the most recent study by the national bureau of economic research, they found a positive correlation between tax kupts and job growth. but more importantly, people like chuck forget, we're earning the money. why isn't the right thing to do to let the people that earn the money keep the money except for essential government services? lo

they have the striped look. this is a large possum from australia and indonesia. >> he smells. >> yes, they do. they have scent glands. look at the fingers. they are long and stick in the crevices and the logs. they are a musk and rub that on the trees. >> how much? >> 2500. >> this animal is you rarely ever see them. there is not one for sale since 2012. greg: very good. hello to what? >> we saw a larger version today. they are cool animals. they are a little nervous right now. greg look at that. >> i will trade you. this is lucy and ricky. >> can i touch her? >> yes, yes. they dig around and eat anything they can. fruits and vegetables and insects and birds and eggs. >> you have licenses for all of this stuff? >> yes. >> you need licensing and permitting. >> you need a permit. >> we have enjoyed these guys. >> these guys run about 2,000. >> megan. this is an adult version. >> these are babies? >> yes, they are babies, ten weeks old. >> megan, put them on the ground. they are fast. they are very intelligent ani

how is that looking? 1.3 billion in the domestic box office and that puts them the hind with star wars still to come and the studio business and the films and franchises that seem to be coming out with superhero movie after superhero movie. star wars could be the beginning of something that really vague for the studio. alex: you have not seen star wars in the last 10 years. joe: basically never. >> they will suck you back in. there will be merchandising. episodeill start with one. alex: i can't even talk. this is ridiculous. earnings are off from numbers. what will be there tomorrow? joe: the customers are cutting cords and the tv bundle is really fraying. all the cable networks and broadcast networks. millenial'sd the are getting content over the internet -- millenials are getting content over the internet. that puts all the big content companies at risk on the margins. they are less exposed to this because they have the theme park business that is doing well. >> we will be right back. miss?hat did you a

started talking about yet, what this looks like? does this look like 1998? people have made that comparison. it started with emerging markets. apart.y pegs fell erik: and then the sustainability gets called into question. >> right. this, the oil part of it was on the front end. the similarities are there. a lot of people say the bowel sheets are a lot stronger than they were there. are similarities and much faithbut how can you put in modeling something on the past, especially when you have an event this unusual, it is hard to go to history and find a playbook. erik: let's not forget, oil may $100,ve started off as but it did end up down. thank you so much. that was mike reagan. when we come back, the fear factor is coming back on wall street. vix is soaring to a multiyear high. when we come back. ♪ erik: who is afraid of a little volatility? jumped by the most ever in a single week. isare asking whether this temporary or if it is back with a vengeance. to discuss.e context, iake it in think it is important. sure we have long-term charts to help put that in

it certainly looks bad.t will depend on other people's actions and probably right now is not the time to raise the strength of the dollar. betty: on that note, thank you so much. skirmishes, i think of people a boeing each other. every time he comes on, i feel like i learned something. betty: ahead, we watched shares of cisco. what kind of value does he see in the food company? that story is next. ♪ betty: welcome back to bloomberg market day. mark: let's go to julie hyman with a look at the markets right now. julie: i'm going back to news today -- surging in my head is spinning. 6.3 percent versus 9%. the food services company disclosing 7.1% stake in this company. pardon me. intends to have talks on board representation at the company and it believes the company should adopt plans to improve its operating margin and that it has underperformed relative to its potential. a pretty standard playbook here from activist. they have had a very brief discussions and they are not going to speculate on intentions or

mark: let's look at the charts. gold futures. .ll of the intraday it is falling off a little bit right but given where it has been -- scarlet: doing ok. shares of the food company cisco rising the most in more than a year after an activist investor discloses the 7.1% stake in the company. he also said he may seek representation on the board. history in the making in havana. during ceremonies the stars and stripes were raised over the u.s. embassy in the cuban capital. that has not happened in more than a half-century. wasetary of a john kerry presiding at his very presence was a milestone. he said restoring relations is long overdue. >> we are gathered here today because our leaders, president obama and president castro made the courageous decision to stop being the prisoners of history and to focus on opportunities of today and tomorrow. secret talks between the obama administration and cuban administration were held for a year and a half before the president announced a normalization of their ties. mark: it appear

i want to look at my terminal. speaking of china, obviously, there's a lot of question about their peg. the traders are searching for pegs wherever they look. this line is the implied volatility over the next year of the hong kong dollar. the yellow line is saudi arabia, the reality as you can see, surge ina big options-implied expected volatility. people are thinking that the economic pressures, the slowdowns, is going to force these countries with long-standing pegs to loosen or we can in some way. a lot of people think there is no inclination but traders think there is a possibility. alix: kazakhstan did it just last week. joe: presumably a little more stable than kazakhstan, but absolutely, you never know. presumably. alix: i want to bring on our guest. we have an analyst at the spoke investment group, and the global cohead of asset allocation at red needle investments, who join us now from london. thank you for staying up with us . we really appreciate it. what is your take on the rally today? is it sustainabl

live look at reading. i'll tell you err 24 hours no one wanted to be outside those storms are long gone now the sunshine awaits. chief meteorologist scott williams live in old city wawa we have to look forward to this weekend. high scott. >> hi there us chris. this friday absolutely beautiful if you're stepping outdoors. yesterday we were dealing with downpours in around the area but right now let's take live look at the center city skyline. beautiful lowering humidity, comfortable temperatures right now. 86 degrees but the dew points are dropping into the 50s. so the storm system from yesterday out to sea. but take look at some of the impressive rainfall totals on average one to 2-inches and then early this morning in sections of north wildwood you saw a lot of flood concerns out there. but thankfully things have cleared out and we're looking at beautiful weather maybe a backyard barbecue or heading to a festival looks good. 86 right now philadelphia. 82 atlantic city. as well as allentown but look at the

his a 1998 if you take a look at my terminal, you are looking at the currency market index. if we want up having other selloff like in 1999, you would have to see another 52% decline. we have an unwinding of position. theink the most extreme was yen cross. that was classic unwinding of some positions. anybody who has had a position probably has seen unwinding. the euro has been rising relentlessly. everyone has been hating the euro and now people are reducing positions of -- as volatility comes in. with that, there is a list toward the euro -- lift toward the euro. banks have bred complacency. people have been piling into positions that are nice and perceived to be low risk, but of course they are risky. as risk is researching, it's blowing up in people's faces. there is carnage and suffering of the week players. china has been getting a lot of the heat. joe: you mention the euro rallying relentlessly against the dollar. typically in a panic, you see people wanting to grab dollars because they are safe. when does that kick in? when does the panic get so intense that people w

take a good look.son police say is behind these horrific crimes and they happen right in a row on sunday night. the scene is 2400 block of north beach street. police say after robbing victims he sexually assaulted two of them at gun point and used victim's clothing to tie them up. >> gloucester county mother is holding her children extra close after police say she saw a man try trying to lure her daughter right in front of her. >> it's so scary. she called 911. we have another stephen of this person in -- sketch of this person in washington township. he tried to speak with 6-year-old girl through the window his name was joe and he's a doctor and a picture of the girl with cellphone before mother saw what was happening and excited to call 911 and then she's telling neighbors. >> and i have other and we have kids too and my girlfriend has seven-year-old plague together at times. something like this could happen. >> the woman told police she saw that man the day before and he had said he lives in that sam

just look at donna. look at donna.nty's district attorney will announce criminal charges against pennsylvania's top law enforcement official. attorney general kathleen kane has been part of an investigation over a grand jury leak. here's a look at montgomery county detective conference room in norristown. news conference will just begin. one of her top aides today said kane has no reason to doubt reports she's about to be criminally charged. we'll continue to monitor the situation. they're about to start this. we're getting word that the a.g. is expected to be

let's look at the futurecast. we'll find the area of patchy cloud cover around tonight and tomorrow, sunshine and clouds. good-looking day. there's a possibility of an isolated shower off to the north and west. i wouldn't worry about it. it's okay tomorrow night. it's okay for thursday. you'll see as we head towards the later part of thursday, the system starts bringing cloud cover in here. we'll stay dry. let's see if it gets close on friday. boaters: >> 72 in the city tonight. 60s in the burbs with patchy clouds, the humidity dropping and a northwest wind at 5 to 10. come on. move for me. it doesn't want to move. there it goes. 85. 87 tomorrow. sun and clouds and a northwest wind at 10 to 15. i didn't have the hand swipe down. 83 thursday. lots of sun. more clouds later on. 77 friday. cooler. then low 80s over the weekend. sunday, nice, more humid monday, tuesday, with a scattered thunderstorm threat starting monday. dari: thank you. alison: she's cut metal out of scrap yards and scooped up horse poop. tonight,

look here at city hall from our temple university camera. it is currently 76 degrees getting up into the 90s again. could be near a record for this date, hot and humid once again. >>> police in michigan believe the they was of three classic cars are all connected. someone swiped a 1972 chairmaro. a corvett and shevell went missing over the weekend. >>> sergeant dry and his -- drew and his wife got the news at a state fair. ptsd forced him into medical retirement a few years ago. he recently started a career at a private security firm. now they are looking forward to life in their new home. >> it's awesome. >> construction starts next month. look at it, it's a gorgeous house, the group finally home coordinated the donation of the new custom-built house. >>> tragic developments on a midair collision with two air show jumpers. >>> food can have a major impact on arousal and we're not just talking of a -- of a disease i can't care. in my bakery, i see customers every day. but some days, i felt like all they saw was my acne, not me. i couldn't be

lauren: look at that. investors get another round of economic report that absolutely could affect trading. how is the u.s. economy doing on its own? the second estimate for the second quarter expected to increase to an annual rate of 3.2%. that is important because it is a full percentage point higher from the initial reading. weekly jobless claims expected to climb a little bit. the number we're looking for is 274,000. today's double dose comes at the federal reserve tears up for its annual gathering of the central bankers in jackson hole, wyoming. i would not include judge chair janet yellen. fairfax business there, live coverage of the nader meeting throughout the next couple days. nicole: at is also earning season. earnings reports this morning from a pair of key companies that would give us a read on the state of retail. first high-end, tiffany, the little blue box is expected to report results in-line with text patients and the things to watch include the impact of the strong u.s. dollar which can de

here we look outside. a comfy day. 70 by 8:00 today. 78 by noontime. 83 later on this afternoon across the area. looking at pretty weather with a lot of sunshine around the area this morning. as matter of fact, we are looking at a temperature of 68 degrees this morning. it will be a comfortable morning across the area. north and west it is quite comfy. temperatures are 55 around poughkeepsie and kingston. 52 monticello. >> >> we have the seven day weekend forecast -- >> i like the seven day weekend. >>> delay l.i.e. westbound overturned tractor trailer. we have three lanes closed down as a result. now, as you head up to west milford, new jersey, 23 north closed with an overturned vehicle. heading to look at the mass transit chart, you are doing okay. no major problems, long island railroad, metro north bridge work in bridgeport and you have new jersey transit on or close. street cleaning rules are in effect. lori, over to you. >> heather, thank you. >>> people living in three bergen county communities are

we'll take a look at that.tly sunny. 64 at game time. >>> getting so bad that a new report says local drivers are among the most stressed out in the country. janine de la vega is live. >> reporter: good morning brian. we've been talking to people and they're not at all surprised to hear that we are the most stressed drivers in the country. but not only that we're losing money because of all the time we spend waiting in our cars. researchers from texas a & m university joined washington state based traffic organizations for the study and they town it was number one in the stress department while the south bay came in seventh. the average san francisco commuter was delayed 78 hours a year . in san jose it was 67 hours. more jobs means more people are on the roads. the situation is only expected to get worse because of the population growth from these cities. >> definitely. some of the times when i know the freeways the roads i know will be on will be gridlock. i try to avoid it. find another route or go at a diff

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here is a live look outside at the ben franklin bridge, for those of you coming over from jersey looking great. i love to show the shot in the morning. because it is absolutely breathtaking. i still love it. i don't think that i am ever going to get used to that shot, so pretty. blue route northbound past route one looking great. see some headlight, tail light, early risers just starting to hit the roadway, maybe getting jump start to the weekends, look good in that area. ninety-five southbound at cottman for those of you headed into center city right now looking real nice here. this is one of those areas that i will be keeping my eye on, specially even as we head into the 5:00 hour, even though it is a friday, we tip he cannily see it casino of a quick rush, if you will. mass transit, we have some delays here, 20 minute delays because of some signal power issues on these four lines. so, let me just step out the way here for those of you taking mass transit so you can see where the delays are, make note of that, and also, tonight chris brown concert for those of how still follow him. 7:0

looks like these divers start to paddle back.harks go right after what they just caught. >> that's like the kiss of death to a shark. i'm going to kiss you and then steal your lunch. >> over to australia, another beautiful reef we're watching this crab. and suddenly -- >> hey baby girl. what's up handsome? >> it doesn't roll like that at all. the crab starts to just lifelessly tumble down the reef and across the ocean floor. is that crab dead? not at all. what you just saw, what you two thought was a little was not. the crab was molting out of its old shell, left the shell up on the reef and tumbles down. it takes a bit for the shell to harden but it is very much alive and going to live another day. >> molting takes a lot out of you. >>> it's hot, outside really really hot so let's get real sometimes when it's hot, you get spanky. so who better than aunt boo to give us advice on how to keep your funky places a little less spanky. >> did she really? >> oh she really did. >> some of us have what we call apron belly spank, where you

now, as we take a look at the way it looks this morning as we get a view of the bay bridge, it is niceand quiet and the clouds will be rolling back this in once again. so as you head out today this is what you need to know. here is your headlines. it will be cloudy and some coastal fog to start out the day, sunrise at 6:32 and then the skies clear. it will be a little bit warmer than yesterday once again. the humidity will be something that will be a little bit different, as it does increase as we go into this evening. now our temperatures are right around 60 degrees, some lower 60s as we look toward the east bay as well as the south bay. and the wind forecast, now the wind coming in from a northwesterly direction, still very light, as we go into the rest of the day it will be picking up, our winds, at about 15, maybe 20 miles an hour, especially this evening a nice breeze kicking in. high pressure is just to the east of us and it's starting to get stronger. it's also building farther off towards the west and into the bay area. it's also drawing in some monsoonal moisture so we will fe

it looks cheap.erhaps bhp, and then you start walking down the deck, one of the problems with glencore, it is the highest gear in mining, but it is also financially. we see glencore underperform when they come under pressure. jonathan: james, when we talk about extraction we talk about energy, when we talk about --miners, we talk about who can manage iron ore. absolutely think those companies have the quality to test this out. i think there is a difference for investors between the base metal players and the integer sector -- energy sector. it worries me that we will get a carbon tax to deal with climate change agenda. we are also having increasing competition from energy storage. i think the outlook is gloomy. i think the long-term outlook for metal is excellent. i am fascinated by glencore. i am looking at the terminal, you are the most bullish analyst on glencore stock. that thereyou think will be numbers coming out of glencore next week that justify the price market. paul: we are looking at a tri

look at the financials, look at health care, they continue to trade pretty well, other areas, look atnergy and materials pulling us down. so until we can break out of that think we are snuck this range act least until we get to the next cycle. >> josh oil looks like it wants to go down near 40. this goldman note talks about high starting valuation. you have got the dollar, which is rising. those both combined are certainly a head wind for where stocks can go. >> yeah. and i think you're seeing that play out in price. we have been seeing that going back 130-some-odd dies november of 2013. no progress whatsoever. a trading range that continues to narrow. take a look at this spread, the gap, between the 50 day and the 200 day. tighter than any a wet suit, scott. i think what it all adds up to is just this mains decision ahead of what we can all agree is a somewhat momentous time for what central banks are doing. not that a quarter point basis, you know, 25 basis point rate hike is terribly meaningful, but it is the first rate hike in almost a decade. what i'm focused on though are a coup

we look at money market close. we look at survey work. investors intelligence. american association of individual investors. put/call ratios. how deep in your pocket are you willing to dig to actually buy that protection? we build all of this down together. 12 months from now, the norm or the average is 74% of the time the markets are higher. if you look over history. so anytime someone comes in and says that based on our analysis there is a three quarters chance or a 75% probability that this will play out that's like a , random shot, throwing at heart and hoping for the best. alix: interesting. in the commodities world, is it a supply driven issue or demand driven issue? tobias: commodities in general are about supply. they are not really about demand. demand growth is pretty incremental. if you have economies of scale. let's say you have built a new mine. you might bring on 10% new capacity with only 3% in the first year, in terms of demand. alix: to that point, looking at capex, over the last 20 or 30 years -- tobias: people call it the super cycle to suppor

you take a look at other ones we looked at. bigger bounces that had positive momentum.ck out starbucks, underaurm under armour, netflix. ripping higher and had a lot of good medium-term momentum behind them. on a year-to-date basis, those same stocks are up big. these are some stocks investors are looking at saying there were big bounces this week. people bought them off their lows, yet they have momentum on a medium term behind them. some interesting stories here. like you see there. up pretty big in terms of the year-to-date gains. we'll have to check that under armour number. >> what is interesting when people say you need quality names. go for quality names. >> often times people talk about viable bounces and say is it the falling knife? we know freeport-mcmoran shares, they are up massively over the course of the past few days here on the heels of their cost-cutting plans, capital expenditure plans and of course carl icahn taking a stake here. this stock lost 60% of its value over the course of the year-to-date in one-year period. some of these earn large down turn

and right now as we take a live look at 680, it doesn't look bad. but they're clearing an accident in this part of the bay. >>> overnight lows running much warmer than yesterday, but fog bank keeps us warming up. we'll have the forecast coming up. a new season brings a new look. a chance to try something different. this summer, challenge your preconceptions and experience a cadillac for yourself. ♪ the 2015 cadillac srx. lease this from around $339 per month, or purchase with 0% apr financing. so, what did you guys they think of the test drive? i love the jetta. but what about a deal? terry, stop! it's quite alright... you know what? we want to make a deal with you. we're twins, so could you give us two for the price of one? come on, give us a deal. look at how old i am. do you come here often? he works here, terry! you work here, right? yes... ok let's get to the point. we're going to take the deal. get a $1000 volkswagen reward card on select 2015 jetta models. or lease a 2015 jetta s for $139 a month after a $1000 volkswagen bonus. . >>> the ring

a live look outside.here underneath there you would find the bay bridge. >> maybe if a stiff wind blew out. let's check in with had kari hall. >> we will see that this morning all across the bay and some patchy fog, too. allow extra time to get to where you are going, you may encounter some patches of dense fog. today's forecast will see highs reaching 70 degrees in the east bay, san francisco 68 degrees, peninsula 80 degrees and the south bay in the mid 80s. tri-valley will be at 86 degrees. so today temperatures will be slightly cooler than average in a lot of spots, a strong on-shore flow and some clearing this afternoon except for along the coast. i will talk more about that, what to expect for the next several days and the whole microclimate forecast is coming up in less than ten minutes. let's see how traffic is moving. >>> it's a little better from earlier. in fact, we have a sig alert issued for 880 southbound at treatment boulevard that has been canceled. you can imagine the congestion, trying to

look at crude oil, down. maybe no support in sight and still, some of the bull/bear cases, just a ton of them but a handful. >> thanks very much, dom. who is right, the bulls or bears? listening to that and joining us now. jerry, you are the bull here. importantly you're also an apple stockholder. let me just get your take on apple with it down so heavily today. >> yeah. i mean, we think apple is a great long-term hold here. we're not buying it today. there's a lot of good opportunities and technology that we are buying, but it fits in the larger framework of where we think the overall economy and stock market is which is that things aren't horrible, so you don't run out and sell things just because they break their 200-day. you look at the underlying fundamentals of the economy and that's a strong case. look out to 2016 globally, particularly in the developed economies, and you have a powerful underlying driver for, and that's why we still think this is a great market to be invested in, and people should be

you're looking okay.s been a good start to the morning, regional rails are looking good, no reported problems on them. the trollies continue to have 10 11, 34, 36 diverted to 40th street until august 7. >> reporter: clouds down south in south jersey and delaware. the sun is back point north. 79 by 9:00. 83 degrees is the high today. not all that bad today more sunshine as the day goes on. if you're traveling out of town, the florida panhandle has potential for severe weather. southern georgia some areas along the gulf coast and a half spots out to the west, but most of the population centers look okay. major traveling destinations, philadelphia, boston to orlando no rain reported. happy trarvelings -- travels. >> 80% of middle and high schoolers start school before 8:30, and cdc say that's a bad idea. doctors say school start times should be pushed back a little bit, because if they don't get enough sleep they will be overweight, suffer from depression and engage in risky behaviors. >> the phillies begin

and i'm looking for, that looking it make sure it looks good t should as we head toward 5:00. the schuylkill at city avenue one of the problem areas that we had yesterday. in fact, we've seen it all week long, looking great right now, as we move into the 5:00 hour, one of the areas that will pick up the quickest coming off the roosevelt boulevard moving in the southbound direction, schuylkill looking good, mass transit, delayed regional rail lines of approximately 20 minute on these four lines, because every signal power issue, just make note of that for those of you traveling in and around the area. katie, i don't know how it is looking in the weather department, right now the roadways looking great. >> fantastic to hear, just because we had so much issues with the flooding rain that came through, and still actually out there for some of you, frontal boundary pulling away pretty quickly, even at the shore points, getting hit the hardest the last couple of hours, even you are actually going toned one sunshine here, that beach forecast for up. we start things off just by taking

a look at this.his is beautiful. the this is middletown ship high school, at cape may courthouse, gorgeous sunrise there. 60 degrees right now. wind is nice and calm. it is pretty out there. we are looking for temperatures well all around. lancaster at 57. fifty-nine in wilmington. sixty-four in philadelphia. sixty in trenton. we are starting off with a nice mild morning. we can see 60's from darn gate light and stone harbor. cape may 1 not working. the just ignore that one there. dew points in the 50's which is why we're feeling so lovely and air is in the so heavy yet again today. that will change, but not until after this game tonight. our first pitch forecast will be quite nice, 77 degrees, around 7:05 when phillies will be taking on the mets. wind there at five to 10 miles an hour. by the the ninth mostly clear and comfortable about 72. not bad. lets look at live radar, storm scan three, gorgeous out there. that is blue skies, we will be seeing today, however, we are going to see a change. notic

take a look at storm tracker 2. i have had facebook and twitter coming my way anywhere from the peninsula, the east bay, pleasant hill in portions of the south bay and over north bay with that rain. just a few sprinkles. some folks saying 1-2 drops. some saying a brief shower or two as we look here in areas around the lake county area. you can see we have some moisture here as well. as we get into the evening hours, there will still be a slight chance of scattered showers. this disturbance moving over the bay area bringing us this unstable weather is tapping into the moisture from tropical storm guillermo. if you know somebody heading this way or heading this way for the week ahead, it's going to ride just north of the hawaiian islands. it was a lot closer. you still have the possibility of the high surf, the rain, as well as the winds. the good news here is it looks like it's not as close to the hawaiian islands. it's going to be north of it. 75 in walnut creek. 75 in nevada. these numbers a lot cooler than where w

let's look at what. traffic on highway 4 is moderate, traffic is moving along okay, there's crowding in antioch, it's not a huge deal, on 680 it's not too bad. on highway 24, from walnut creek to oakland it's been a nice drive, continuing to the cal decut tunnel. at the bay bridge toll plaza it's light getting into san francisco and all the lanes are open. filling in for steve is rosemary. >> i only have a little bit more time for the white. good morning, happy friday, we have enjoyable weather. outside the doors starting out with partly to mostly cloudy skies. we'll get to the details on the pattern. first we'll check in on the numbers. oakland, concord, san jose, 68. the clouds over the oakland skyline. two hours until the official sunrise. here's a look at the 24 temperature. so the low clouds are joining us, the onshore breeze strong through travis. continuing to push through. we'll continue with our relatively mild weather, 60s at the coast, 70s around the bay. and slightly warmer as we get into sat

on monday it looks sunny and warm.re your seven day forecast from the weather authority, bob kelly some wet roadways out there. >> wet roadways, you got it. good morning 567:89:16. now we have cameras line up here thunder boomers rolling through here. so any minute kid will be running in and jump pink into bed. get ready. mother nature giving us a free show this morning. here's a live look at city line avenue right here near belmont after avenue as the the storms roll through. the as sue mentioned they come through quick fast, dumping the water. we have spray off the roadways. live look here at the vine street expressway where ten minutes ago we were dry as a bone. take a look here 42 quickly getting hit with the rain. again, last hit this camera was dry as a bone. so headlights coming in toward the city as you step out the front door depending upon where you begin and end your trip, the road could be wet and you could find puddles away. i just checked with the airport, the the thunderstorms not impacting air travel ju

let's see if the commute is looking mice this morning. mike. >>> kari, look at this.t's a pile of gravel. innocent, yes, but as i step into this shot it was all the way across had this connector. this is this is the connector from west 580 on to northbound 6 680. that's what caused all the things to close town at the interchange. it has reopened without any problems and the traffic is flowing. let's look at the recovery because we had a huge backup on our map, it was going back over toward tassajara and moving in toward the traffic coming out of livermore and that has recovered nicely. 680 shows the building and it's not so bad for the tri-valley. now, in the south bay we have your build for 87 and 85, the earlier slow down still continues 101 at mckee there is a crash leaving three or maybe four vehicles over on the shoulder that's a distraction but lanes are clear. north of the san mateo bridge traffic moves smoothly toward the bay bridge where the metering lights are on. there is a fender bender approaching that walnut creek interchange. here approaching the san ma

let's look at the traffic report. we have waze report concrete on the road near cherry hill in new jersey. let's check the numbers as far as temperature, 66 in quakertown, 68 in pottstown, 66 in saint davids. 74 in center city. some of the suburbs in new jersey in the 70s. boardwalk, 72. 70 in browns mill. 67 in dover, delaware. heading up to a hot and humid, 95 today, tam. >> thank you, karen. >>> overnight the death toll from a midair collision in southern california climbed to five. a jet collided with a the pilot of the cessna was killed. the ntsb is investigating. >>> a search plane has spotted the wreckage of an indonesian passenger plane that crashed into a mountain side. the pilot lost contact with the air traffic control which was supposed to be a regional flight yesterday. the plane went down in the province of papua. rescuers are hoping to get to the site today by air and foot. >> we have information on the stopping suspect in the death of morgan freeman's granddaughter. the 30-year-old was taken into custo