low clouds this morning and then sunny. the coast will stay mild. low 60s. the lows are hard-pressed to get below 58 or 59. water temperatures came up. half moon bay, 59. monterey, 60. temperatures inland are not much different than the coast. 63, lakeport. 53, half moon bay. fairfield, 50 a. -- fairfield, 58. american canyon in hidden broke , 59. wins west at the napa airport. low 60s in ukiah. monterey and santa barbara. everyone is consistent. once you get those water temperatures up that high, the coast does not cool off that much. i think we will cool down going forward. much below normal next week. today, low clouds and breezy. near-normal temperatures. near average to slightly above on the coast and bay. san francisco, 68. everyone is close. a little warm on friday but about the same as we go into the weekend. it looks like we may have a cool down next week. >>> they will still play football this fall in nevada. the big show of support that means novato high school will keep varsity football this year. >>> researchers say graffiti could affect those d

some suggest -- agreeestion is, do you that the low income housing -- i should say low income housing in rural areas presents challenges for using the current low income housing tax credit and what do you think might be the most effective enhancement to the credit that we could come up with that would address this issue? cantwell has it right here in the ability to adjust dda's -- difficult to development areas -- to develop --as and to allow the states so that in south dakota or texas they can reach deep and give the boost to the rural areas. that is what allows the development of affordable housing in rural texas. >> ok. anybody else? severalill actually has things in it that would help rural communities including making a change on the income definition. i think income averaging gives you a broader markets are you would be able to actually the able to support this in rural areas and i will just second the dda areas so indian areas are automatically designated as difficult to develop which comes with a boost. my questions, chairman, thank you all for being here. >> senator cantwell

extremely low income below 35%, typically 25% ami. those units receive rents that are very low and that doesn't contribute a lot of revenue to the project, so they are funded with their mortgage and they are funded with tax credits, but those units have had very low level, very difficult timele supporting themselves, so they go to the other funding source for new staff or gap funding, in that home money is that keeps the program going in utah. that is the same as it is for other areas.cdbg i >> i appreciate your answer. professor, how would you view affordable housing efforts? would it be hampered if congress were to enact a large-scale cuts in the housing voucher program and create greater income payment? >> thank you, senator. there's an incredible overlap between the units that hud funds development that also use thee tax credit. about 47% of tech units receive some type of rental assistance and most of that isre project-based or voucher-based. owners are not allowed to discriminate on source of income so the stock itself is critic

low 60s in san francisco.ll show you the best areas around the bay area to see the eclipse out of those low clouds when we come right back. >>> and a coming together for peace. the sign of solidarity in the south bay in the wake of recent violence across the country. ♪ it's time for the biggest sale of the year with the new sleep number 360 smart bed. it senses your every move and automatically adjusts on both sides to keep you effortlessly comfortable. and snoring... does your bed do that? the new 360 smart bed is part of our biggest sale of the year where all beds are on sale. and right now save 50% on the labor day limited edition bed. and i'm an arborist with i'pg&e in the sierras. the drought in california has killed trees on a massive scale. any of those trees that fail into power lines could cause a wildfire or a power outage. public safety is the main goal of our program. that's why we're out removing these hundreds of thousands of hazard trees. having tools and technology gives us a huge edge to ident

do you agree that low income housing in rural areas presents challenging in using the current low income housing tax credit? what do you think would be the most effective enhancement to come up with in addressing this issue? >> senator cantwell has it in theability to adjust difficult to develop areas and give the economic boost to allow states to do that when they write their qap's on a local dakota andn south texas they can reach deep and give that boost to rural areas. in texas they do. that is what allows for the development of affordable housing in rural texas. >> if it would help with rural communities, i think income averaging gives you a broader market to support this in rural areas. i will second the designation so that indian areas are automatically designated as difficult to develop. >> those are my questions. thank you for being here. >> senator cantwell deserves the credit for this. and importantgral member of this committee. >> thank you, mr. chairman. i would say that you are an integral part of this committee has well. [laughter] >> good to know. >> and utah has been int

humidity stays low. there you can see some of the scattered clouds moving through delaware and into south jersey. those will clear out and we've got sunshine ahead. 71 degrees in philadelphia. we'll be near 80 at 1:00 and then very low 80s this afternoon with a few thin clouds but nothing more than that. the suburbs, the humidity low this morning. goes even lower this afternoon. 77 degrees at 5:00 this afternoon. and sunny skies for the lehigh valley. a beautiful almost fall like day. 75 degrees at 1:00 this afternoon. delaware those thin clouds clear out. sunny skies at 9:00. 78 degrees. i think between the 1:00 and 5:00 hour we'll hit low 80s in delaware and in south jersey, 80 degrees even at 5:00. a little bit of a sea breeze blowing this afternoon. that will bring the temperatures down late in the afternoon, but you'll see much more sunshine today than what you saw yesterday. and if you're heading for the game, it's going to feel like fall. we're just less than a month away from the beginning of fal

lows: 54-64 winds: n 5 mph saturday: mix of sun and clouds. low humidity.ighs: 76-79 winds: ne 5-10 mph in the path of for impact. the storm -- upgraded to a category 2 hurricane overnight is only going to get stronger. texas' governor - already declaring a state of disaster in 30 counties as the storm makes it's way across the gulf of mexico. abc's janai n underway. harvey is already affected travel plans for many in storm. major airliners like - american, delta, southwest, and united have issued travel advisories for the affected aras and are already waiving change fees for travelers to reschedule flights. ryan hughes is live from reagan national with more on it's impact. we are keeping a close eye on harvey all morning long. stay with us for continuing coverage..on air and online. don't forget to download the stormwatch seven weather app -- and follow us on facebook and twitter. we are keeping a close eye on harvey all morning long. continuing coverage..on air and online. don't forget to download the stormwatch seven weather app -- and follow us on faceb

it's a low return world. it's not the markets will that the treasury is low.redit, national champion banks still aren't yield premiums. you're still compensated. it is more difficult. i understand where it's coming from. yields are low everywhere. mark: alan greenspan it, we had one guest disagree with him. he said don't look at stocks, look at bonds. everyone is going to be hit. >> i half agree with alan greenspan. there is no bubble. returns are going to be low. there is no level in bonds. we cover the industry and the hedge fund industry. hardly anyone i know was long bond or it -- bond. he is go to the states, virtually the only one who is an long bonds. you see people short ons. there are non-price-sensitive buyers, pension funds and insurance companies, there is not a bubble at all. what i do agree with alan greenspan is returns are likely to be low from government bonds. 22,000, it could happen very soon. calculations. this whatng to derail seems to be never ending bull market in the u.s. western mark >> we have another correction. it it could come from

extremely low income below 35%. typically 25%. those units receive rent that is very low and doesn't contribute a lot of revenue to the project, so they are funded with their mortgage and tax credits that at the low level they have a difficult time supporting themselves, so they go to the other funding source and use that for the funding they get sometimes grants but usually soft seconds and that is what keeps the program going in utah and i think that is the same as it is for other areas. cdbg i am not so familiar with. >> professor, how would you view the affordable housing efforts, would they be hampered if the congress were to launch the housing voucher program and create a greater income payment? >> there is an incredible overlap between the units that are funded and also that use the tax credit about 47% of the units receive some type of rental assistance and that is based on the voucher base. they are not allowed to discriminate on the source of income so the stock itself is critically important for the households as they g

we will be in the low 90s inland and the bay low 80s and in the shoreline in the low 60s.meteorologists in the bay area can pretty much take a break because it will be very predictable. >>> speaking of breaks. petal veronica de . >>> closed-captioning for this newscast is sponsored by living spaces. >>> a famous chef has opened up a restaurant that caters to some of the wealthiest people in the world. not much to look on the outside but on the inside, one table available to those wealthy people. seats 8 people. >> if i had the chance i would be interested to go but i would never check it out and call the number and be willing to just walk into something completely unknown for $600. >> one of the dishes that are there is a signature way goo beef with gold flakes. one says it looks nice but doesn't add flavor to the food. >> >>> it is the hottest ticket in town for months and now hamilton's run at the theater in san francisco is just hours away from its final curtain. >>> katie nelson has more on how fans are reacting, katie. >>> so as you can see behind me, people are alrea

and napa, low 80s.. in san francisco today, the filipi filipino festival at 11:00. diminishing clouds and most hi sunny by the afternoon. temperatures in the mid-60s. also, lots of ooeevents in the south bay. there's a summer fest, bright and sunny, temperatures comfort bable in the low 80s for both days with lots of sunshine. if you're headed to the orioles a's game tonight, you'll need to grab a jacket. things will cool down into the low 60s then there's a fireworks show after the game. should look pretty good. the fireworks should get in before the low clouds arrive overnight. lows will be b once again in the 50s and 60s. 56 in san francisco. 59 in san jose. so, here's the temperature trend. we're going to hold steady through the weekend, but drop on monday by a few degrees. this is the example in napa, below average, but check out the seven-day forecast. we have the wide range today. not too much change for tomorrow, but then monday, temperatures will be in the 80s for some inland areas, so much coo

very infrequent to see levels in the vix so low why though is it so low? the reason is because the market itself is barely moving the highest volatility for the s&p this year was less than nine and the last time that happened, i wasn't even born yet, none of us were. that was in 1964 that is the reason this is what you're paying for options. that's what you're getting in terms of volatility. however, it can rise it does. and so, i'm thinking you still need to take advantage of the fact that options premiums are low. i would give yourself some time. out past into the next earnings season spy, use this as a hedge november 240 calls the 240 put you would want to buy. we're buying it slightly out of the money and you get a little leverage there >> what do you think >> up 30, 40% on the year. so when you think about looking at put protection with volatility where it is, i think it makes a lot of sense. this is something we talk about all the time things are nerve racking and complacent every so often, when you have gains you want to protect into a period where

low 50s to low 60s to start the morning. the afternoon, low 60s to low 90s depending on where you are. some of us will stay just below the 90 mark for the inland cities. 55 santa rosa. 54 in san francisco. livermore 59. san jose 62. the on shore breeze a steady one. not as strong as yesterday morning. oakland 15. napa 12. a light breeze for most. if you are going to outside lands another cool day expected. 55 at golden gate park with fog and low clouds, patchy drizzle a possibility as well. into the second part of the morning, 59. low 60s for the afternoon. partly to mostly cloudy skies expected. then around 8:00 this evening, still 57 degrees. a cool one overall at golden gate park. a cool one in pacifica. partly sunny, mostly cloudy skies. 66 the downtown area of san francisco. low 70s to mid-70s for the east bayshore. inland temperatures are warm. not too hot. 87 santa rosa. temperatures will continue to fall as we get into the bay area monday. it won't last. i will have a look at the numbers expected for tomorrow then th

lows: 81-85 winds: wnw 5-10 mph this morning.. families in texas -- left looking for their loved ones.. as relief efforts continue ahead of another dose of rain from harvey as it prepares to make landfall again. rescues are still going on around the clock as floodwaters continue to rise.. and right now the big fear..is that the death toll from this storm will grow. so far according to the washington post..at least 22 people have died across texas from storm related causes and that number is expected to rise in the coming days and weeks as water starts to rescede. an undetermined amount of people are missing. over 35-hundred have been brought to safety in houston alone. and right now a mandatory curfew is in place in houston until 5 am local time to prevent potential looting. adrianna.. larry..autria.. as you said over 35-hundred rescue harvey's floodwaters swept through the city. and this morning - we've got incredible video of one dramatic rescue.. just take a look at this. this is u-s customs and border protection jumping into a

the dow closing at a three week low. it was the worst day since may the nasdaq falling almost 2% the ten year yield falling below 220. now the selling started with a simple question. will top white house economic adviser gary cohn stay or go it did pick up testeam when bob cork erer made some critical comments eamon javers is in bed mind tmi with the latest. >> reporter: another one of the president's out side advisory councils now collapsing in addition to the two that were suspended earlier this week. here is statement from a white house official saying the president has announced the end of the infrastructure which was still being formed will not move forward. scott, the president just signed the executive order creating that outside infrastructure panel on july 20th they were still in the process of getting it all together and now they are not going to do that knit moanymore. they pugglled the plug. so much speculation about gary cohn and his future role in this white house. the white house put out two statements thi

low 80s.emember, the average high this time of year is 87. so this is a very nice weekend that we have moving forward. we got rid of all the bad weather early on today and it does not return throughout the rest of the weekend. if you're going down the shore, watching from the shore right now, 80 the high arerehoboth be. water temperature at 73 and uv index is very high today at an 8. so that means use a lot of sunscreen when you will be outdoors. the surf 2 to 3 feet and rip current risk is nice and low for today. here is a look at the 10 day on 10. we got rid of the a.m. storms and now looking at nice conditions through your sunday. low 80s. upper 70s with thunderstorms returning on monday, but then check this out, temperatures stay below average over the next 10 days. >>> the trump administration is cracking down against white house leakers. coming up, the new threats from the justice department in its war on leaks. >>> plus, eclipse anticipation. what you need to know about this month's coa

low clouds over san francisco. 61 other side of the bay. emeriville, patchy low clouds. towards the trivalery, but mostly clear skies to start the day. and also in the 60s with maybe just some patchy low clouds in the morning. and we expect clear conditions as the eclipse gets underway midmorning. wednesday still onshore. so if you don't have low clouds right now along the bay, chances are you will see some patchy low clouds later on. upper 50s to low 60s tomorrow morning. so let's take a look at the cloud cover. 9:00, belvedere, parts of the v valleys, this shot looks like what we did have. wuts going to be different tomorrow about 9:30 and 1:00, that sun is going to get block bide the moon so about 70% of it gets covered. so those temperatures are going to stop rising, and we might see some patches of low cloud lingering around the bay. as you head to about 10:30 to 11:00, notice the south bay, inland may start to see some clearing. but those low clouds will hang on around san francisco. west of the golden gates, we see some hazy sunshine setting up approaching the end

and low 80s, at 2:00 this afternoon. sunshine, a few scattered clouds this afternoon. 82 degrees during the early afternoon hours. warmer, into the middle 80s for the afternoon high. at the shore, another beautiful day up to 77 degrees. enjoy this while it's around because i'm tracking some wet weather that's going to move in before we get to the weekend. a look at that when i come back with the 10-day on ten. >> good thing i got the lawn mowed yesterday. >> good for you. and we're going to enjoy it all right, bill. thank you very much. >>> 10 minutes past 4:00 a.m. >> jessica. around gladwyne, we're looking at lane restrictions. actually, they just cleared it out of the way. i just saw a construction vehicle move out of the way and moved slowly by.. either way, watch for construction. usually lasts until about 5:00, but sometimes they pick it up early. on the schuylkill, lane restrictions. the bymore closed lasting until 5:00. we'll see that closed where you need to take an alternate to get by. watching the p.a. turnpik

we have low clouds and a delta breeze in place. us today and tomorrow before gets out of the pig. -- out of the picture. 60s, 70s and 80s, below average. not something we've said much, inland below average. >> you have the stamp of approval. >>> good morning everyone. we start off with solano county as we look at 80 westbound, dixon, vacaville and fairfield. a little bit of slowing at the cordelia ju

low 90s.ime pattern returning tomorrow with the drier air and frizz free hair. >> looks can be deceive iing wi that gloom and doom. frances, thank you. thanks dwrou for joining us. the news continues now online at abc7news.com. tim & charlie, 4th graders. lazy 3rd graders. they even have those new easy open gogurt tubes. we used to struggle 20 minutes to open our gogurts. we were on our own. and when we finally got those things open, we'd be overcome with the sense of accomplishment no 3rd grader today will ever know. hi guys. get a job. you believe this guy? new ez open gogurt. kids never had it so easy. ♪ ♪ isaac hou has mastered gravity defying moves to amaze his audience. great show. here you go. now he's added a new routine. making depositing a check seem so effortless. easy to use chase technology, for whatever you're trying to master. isaac, are you ready? yeah. chase. so you can. announcer: "jack hanna's wild countdown" is sponsored by nationwide. jack: hi, everybody. i'm jack hanna co

tomorrow morning temperatures range from the low 50s to low 60s. 54 pacifica, low 60s for the inner east bay. 60 in concorde and low 60s for morgan hill. afternoon highs tomorrow will be pretty for the inland cities, 87 sonoma and closer to the water it's a nice day in sausalito starting with gray skies but the afternoon will be sunny. low 80s expected in danville, 90 degrees brentwood in the south bay san jose 80 degrees upper 80s for morgan hill, 74 santa cruz with partly cloudy skies for the afternoon. along the peninsula, 70s and low 80s, 80 in redwood city and outside lands will be cloudy and cool for most if not the entire day and breezy. 67 four downtown but on the west edge of san francisco it will be in the low 60s. pacifica and half moon bay in the low to mid 60s. looking at your extended forecast in the bay area always in view temperatures remain on the mild side and we are looking at much change through the weekend. as we get back to work on monday temperatures fall off and we see mid-60s at the coast low 70s around the bay. our inland cities are dropping into the low 80s and

it has not made lower lows that down trend line, which is interesting.ere's the last point i want to make about the gdx is in the low 20s, about 23. it's near. over the last couple of year, options prices are low maybe some kind of -- and i want to define my risk. so lastly, the trade when trk f was trading about $24, the 28 call spread. the call, at a time and cost 60 cents, the risk there, breaks even at 24.60 and you could have gains up to 340. i like the risk reward we have probably two extra money there then at this point, you could probably figure out what you want to do with this trade about 2.5, 3% of this etf. >> i'll make two comments. one thing i like and one thing i don't. the thing i do like about it is you're buying a $4 call spread and only pending 60 cents. i don't like that you're selling an option for only a dime, which is less than a half a percent of the current level. it strikes me that it might make more sense, given how cheap options are and they are as cheap as they've been in this space and they also see the other wire at a low l

talking low 80s for high temperatures in many locations. and today, the humidity stays low. just scattered clouds in place this morning. those scattered clouds will continue in and out throughout the afternoon hours but they do not bring any rain. we stay dry for today. but just for today. look to our west. you see stormy weather already brewing. and that's moving our direction. it's going to kind of pull in with the warm fronts that pass our area, and that means the possibility of periods of heavy rain and thunderstorms across the area. for today, though, a temperature trend like i mentioned really going to be nice. 69 at 9:00 a.m., going to 76 by your lunch hour, and those low 80s in the afternoon with today, winds lighter than yesterday. we'll talk more about the rest of your sunday and the details on that wet work week coming up. >> thank you. >>> 6:02. following breaking news this morning. philadelphia police are searching for a hit-and-run driver following a deadly crash in center city. aundrea cline-thomas is live with the details. >> reporter: well, ted, police at th

we'll have humidity on the low side all the way. winds as high as 14 miles per hour but not all that breezy. overnight tonight mainly clear and comfortable winds ease back a bit. the temperature 69 tomorrow morning. tomorrow we're looking at the eclipse, 80% coverage. the events starts at 2:30 p.m. is when it's at its best. good viewing with clouds on most models. 89 head of the front on it to the west. maybe more humid as the day goes on. most of the models have the front far away from us, where we don't see anything more than patchy clouds. there's a model last night that has been bringing the clouds in faster and wants to put a bit of rain across the region and that model would be the rpm although the latest model run there it about a inch on the model. as you look at the other rainfall amounts you don't have to worry about those, this would shower activity tomorrow night after the eclipse is over. this model has a shower popping in the afternoon. we'll see sometimes that outlier is right. 88 today sunny nice, low humidity. tomor

low 60s to low 80s. milder wednesday. not until thursday through saturday that we bump you back up to what we consider normal for this time of year. low 90s inland. low to mid-60s coastside. it cools down again on sunday. i know monday is a big day. it is going to be cool for august. a lot more cloud cover. low 60s to low 80s if you're checking out the solar eclipse, my best advice right now, stay tuned. it's still a week away. clouds will be hanging around at the coast. and possibly parts of the bay. you'll have to go well inland. >> i want to see this thing. >> i know. >> you know what, we will keep you posted. but it's still a little far out to give you a precise idea about the cloud cover. >> thanks. >>> california may need lessons on how to tip. the proof that we don't appreciate our servers as much as most of the country. >>> how technology brought together five of van gogh's signature paintings. ♪ ♪ isaac hou has mastered gravity defying moves to amaze his audience. great show. here you go. now he's added a new rou

extremely low income below 35%. typically 25%. those units receive rent that is very low and doesn't contribute a lot of revenue to the project, so they are funded with their mortgage and tax credits that at the low level they have a difficult time supporting themselves, so they go to the other funding source and use that for the funding they get sometimes grants but usually soft seconds and that is what keeps the program going in utah and i think that is the same as it is for other areas. cdbg i am not so familiar with. >> professor, how would you view the affordable housing efforts, would they be hampered if the congress were to launch the housing voucher program and create a greater income payment? >> there is an incredible overlap between the units that are funded and also that use the tax credit about 47% of the units receive some type of rental assistance and that is based on the voucher base. they are not allowed to discriminate on the source of income so the stock itself is critically important for the households as they g

surf is low, two to three feet. the rip current risk is low.his is another beautiful day to be at the shore. with just some scattered clouds overhead. let's go over to monday, though. today, low 80s for high temperatures. 81 in the suburbs and 82 in south jersey. the shore officially at 79. you saw some spots may be around the low 80s too. then we jump into monday. what a difference it is. we're cooler, most of us in the upper 70s only for our high temperatures. and we have a chance of thunderstorms as well as periods of steady and heavy rain moving throughout. here's the hour by hour. we go through the rest of today, just scattered clouds on the board through 7:30 this evening. we go into tomorrow, the morning commute starts north and west with rain. 7:00 a.m., just clipping parts of philadelphia. then the afternoon hours, the rain will start to spread further south, and notice orange, yellow, red. at 1:30, heavier rain or thunderstorms possible, but it continues. this is at 4:30, south jersey now getting heavier rain. that rain lasts 4:30 all

and so, i'm thinking you still need to take advantage of the fact that options premiums are low.ould give yourself some time. out past into the next earnings season s prk y, use as a hedge. november 240 calls the 240 put you would want to buy. we're big it slightly out of the money and you get a little leverage there >> up 30, 40% on the year. so when you think about looking at put protection with volatility where it is, i think it makes a lot of sense. this is something we talk about all the time things are nerve racking and complacent every so often, when you have gains you want to protect into a period where you're getting nervous, it makes sense. >> part of the reason you want to have insurance is to keep your lungs on. you would say it's inexpensive, so why wouldn't i buy? >> we know what this is. it's hard to time something that could go terribly wrong, but insurance is good to have and short interest is at the same level it was in may of 2000. we were down in august of '16, same thing in january. you've got to have this thing to protect against just that. >> there is a las

high temperatures in the low 80's.e, 87 for tomorrow, thursday, plenty of sunshine a chance of thunderstorms returning we got the thunderstorm chance in the forecast through friday, second half looks better. a look at your seven-day forecast. let's head over and c roads with erin. >>> 4:48 and as caitlin mentioned dense fog, it's hard to make out this is 295, you can see patchy dense fog, low lying this morning, please use low beams, reduce speeds and watch for visibility problems, we'll switch it over to a look at the map, a problem in gaithersburg, 28 darnstown road closed in both directions, between muddy branch and/or charred road. we have constructions on the inner loop, approaching elijah end bridge, watch your visibility problems because of that fog. we'll take a look at metro as they gear up for service at 5:00 a.m. question, earn fox 5 dc on ptwitter, maureen and wisdom bak to you. >>> 4:49 is the time. montgomery county police they're searching for a man who is accused. target a muslim couple. police are call

usual low clouds near the shoreline. as we get around the bay, we'll be in the low 70s. inland will be in the mid-80s. fairly typical for mid-august. mount diablo looks nice, but you see low clouds beginning to sneak in over bay waters. concord has 80 degrees. livermore 76. san francisco at 61. and in san jose, 71 degrees. santa rosa is at 75. that low pressure is deepening off the pacific northwest. and look what's on the way for seattle. the mold will get a little bit of refreshment tomorrow when showers move in tonight and tomorrow morning. for us, we're going to have another nice day, but low clouds along the shoreline. low clouds pack in along the peninsula and over into the east bay hills before being stopped by the hills that have been lifted by the hayward fault. so all you east bay people, sunshine all day tomorrow. as we have on the future cast, the type lapse continues to roll on. the low clouds press back in tomorrow night. temperatures will warm to the low 80s inland tomorrow. a fairly mild week ahead. numbers will drop in the early part of the week. no heat

look, there's a lot of tension that's the nature of a sort of series of low rise and higher lows andbviously news will do it. it's an earnings report. and then you can get it exactly wrong. but i think this is probably going to back away into its number >> go ahead. >> do you like this trade? >> i do hate xrt i was trying to be cute, i wanted to get through some of these big box retailers next week and put the short out in the s&p retail etf but this is going to be the big one. this and walmart next week they'll dictate the course of the sector obviously, it's very weak. i think you have to go back at home depot and look at the day in late july when amazon and sears made the announcement about selling some appliances, and home depot got really nailed there. so -- big volume so to your point, where if you have any sort of disappointment, and there's any structural headwinds, the stocks going back down those lows. i would maybe sell that call spread and use the proceeds to buy a put spread. >> the inverse of the trade you're doing in disney effectively. and actually, i think that could

those same savers are punished with rates this low, except now the president likes them that low. >> that is a much bigger influence on the price of stocks. as rates go up there are alternatives other things to invest in. the stock market is not nearly as attractive as it ends up being. what the first six months of a bunch of presidencies looked like, last five. george bush 4 is in his first six months 20% gain, clinton a 3.4%, george bush 43%. negative 10.3%. obama took over after the recession, a low point, 22.6% in his first six months. donald trump is number three of the last five presidents. so again it's not that he's wrong. it's not that the market's not up. it's not that's not a guide thing. i just don't understand why he acts like it's the first time this happened. it's not the first and he's not the best at it. >> i want to make one other point in terms of trickle-down economics and the wealth effect, the majority in your i.r.a. or 401(k). it's not like you go out and spend. more when you get a raise is when you buy a new dishwasher, think about buying a car or new home. se

and low 70s in dover. also now low 70s atlantic city. as we get in to the afternoon, temperatures will rebound into the upper 70s and low 80s. but still below average thanks to this front passing. we'll talk how long the below average conditions last. >>> and we're following breaking news related to our weather. there were power outages as trees toppled on to wires in bucks county. aundrea cline-thomas is live in doylestown and you found some damage there. >> reporter: that's right. and within the last 30 minutes, crews put up these barriers to stop access on to north street. if you look up, you see why power poles and lines were knocked over like dominos. take a look at some of the video we shot earlier this morning. trees came down from route 313 to e street and residents in those four blocks are in the dark. police are here securing the area. pico is also here, but work to clear up the mess has not begun. so as you wake up this morning, you're going to want to avoid this area. we're told that roads will be closed for hours. that is th

low clouds, fog, hazy and 60s, 70s and low 80s. >>> it is 4:02 am. >>> here we are. right now traffic is off to a nice start in tracy, a little slow traffic was here as you drive through. driving through livermore, pleasanton and dublin looking good up to the castro valley and hayward area. here is 880 northbound passing the colosseum, moving well. it is like getting in san francisco over the bay bridge. >>> breaking news from france, a major investigation underway in marseille, france after the van slammed into a bus stop killing a woman and injuring another person. the van ran into two different bus stops a few miles apart and the driver has been arrested. the french are saying it is too early to know whether this was a terror attack. >>> they have confirmed the deadly driver in the attack in barcelona and the 22-year-old moroccan man is the last member of the islamic terrorist cell that is not been captured or killed and they believe the man walked away after the attack and there is a massive manhunt across northern spain with 14 dead with over 200 -- 120 injured

temperatures in the low 60s.l have the forecast coming up. >> thanks, frances. >>> the university of california is paying $1.3 million in wages it owes to nearly 14,000 employees. uc b b officials told the u.s. department of labor nonacademic employees were underpaid because of a problem with its new pay system. employees who worked overtime were not properly compensated between 2014 and 2016. wa will pay $750,000 in back damages. repayments begin next month. >>> federal prosecutors ssiay rrorists tried to use ebay and paypal to fund attacks here in the u.s. they arrested a man in december 2015. he's charged with attempting to provide material support to isis. in recently unsealed court records, police say after pledging his allegiance on social media, he pretended to sell computer printers on ebay. they said it's a cover scheme to cover nearly $9,000 in payments h he got from isis operatives through paypal. he pled not guilty and will go on trial later this year. an ebay spokesperson told is u.s. journal, the co

overnight lows again more comfortable.been having a tough time with the humidity, you can definitely open the windows tonight. we could see some drizzle there pockets of green right along the coast. the low clouds will spread inland, a few of those 60s out there in palo alto, answer y antioch. today mostly sunny. tomorrow we have the morning coastal drizzle again and the fog and low clouds continue. we'll have a fairly steady pattern, typical summertime weather. low clouds, fog, even some possible drizzle during the morning hours. but plenty of sunshine in the afternoon and even a little bit warmer as we head towards the end of the workweek. so enjoy the nice weather while you can because i know people have been complaining about the muggy conditions. >> yeah, it rained overnight in san francisco. >> definitely had some fridrizz. i'll see if we had measurable rain. >>> just ahead, he's nearly unbeatable on the court. so what is the best way to beat steph >>> some of us write some online reviews. michael finney has in stips

we have low clouds in san francisco. strong sea breeze and you can see the winds up to 26 miles an hour bringing the low clouds. tomorrow morning, drizzle and mist are likely in san francisco. 65, low clouds holding off for now in san jose. livermore only 60 degrees. san francisco, misty skies at 62. and the picture over my shoulder, what we're going to see into the rest of the bay tomorrow morning with temperatures to start the day in the upper 50s to low 60s. you can see the low clouds in solano county. and tomorrow the clouds for the morning and retreating to the coast for the afternoon. similar for monday. the high temperatures in the 80s in downtown san jose. notice as we head to the east bay valleys, no 90s. so 70s around oakland. and hayward, peninsula in the low 70s. san francisco, mid-60s for sunday with drizzle at times. and north bay temperatures very comfortable. upper 70s to near 80 most spots. let's fast forward to monday morning now. and look how the low clouds are set up in the inner bay. north of san fra

for sure the coast will deal with a lot of low clouds. we have a few pockets will -- where it will burn off. around the bay for some, and by 10:15 am inland will be okay. we have smoke and haze in the air as well. it looks okay in oregon and idaho with clouds winning out. here is the projection and give the clout forecast a lot of credit and it was spot on talking about maybe up and idaho but that will also clear out by 9:00. this low is mild with 60s and water temperatures have come up holding the temperatures up as well. on the peninsula a lot of mid 60s with stanford at 65, 64 in fremont and pacifica one of the few in the 50s at 58. thunderstorms popping up over the seer with higher clouds drift ding. -- drifting. bringing in this cloud deck and a few high clouds but overall mostly sunny and a hazy with the smoke. 60s, 70s and upper 70s and 80. too much fog for many but each day appears to get warmer. the consensus is not there for the weekend but it looks sunny and warmer for some. today it is all about the fog.>> go inland but that i

so it has not made lower lows. to me there's a little bit of tension here and this thing is banging up against that down trend line which is kind of interesting here's the last point i want to make about the gdx here. while implied volatility, the price of options is in the low 20s, about 23, look at it it's near five-year lows here so relative to how the thing has been acting or how options have been pricing over the last couple of years. option prices are very low so this kind of lines up for something if you're looking for maybe some kind of crash protection or that sort of thing, gdx gets you your bang for your buck, cheap options, contrarian pay and i want to define my risk so lastly, let's go to the trade. today when the etf is trading about $23, could you look out to october expiration and buy the $24-28 call spread, buying one of the october 24 calls for 70 cents, selling one of the 28 calls at a dime it costs you 60 cents, that your max risk there. it breaks even at 24.60. you could have gains up to 3.40 b

clear, comfortable, 61 degrees is the overnight low. and some suburbs outside of philadelphia could get into the mid 50s. hurricane harvey a big weather story in the gulf of mexico. this storm is suddenly popped up to category 2 status overnight it looks like it has a chance of being a category 3 as the slams the southern texas gulf coast around corpus christi sometime saturday. looks like it's kind of meandering around dumping more and more rain in houston through corpus christi all the way up to overnight wednesday and it might spread east toward new orleans. a lot of rain on the way, and a a lot of wind, too. tough stuff in texas t. 68 on saturday, 6 on sunday. down the shore, not bad, 77 degrees today. highs around 76 on saturday and sunday, low risk of rip currents expected this weekend. down the shore next week, starting around tuesday, rip current issue may come back with the coastal low coming up the coast. the exclusive accuweather seven-day forecast, 79 degrees, mostly sunny and nice. nice tomorrow, 78. sunday, 78 degrees lots

and the low clouds spilling into the valley tonight. not good timing with the persied immedia meteor shower. the moonlight and the low clouds may not make for prime viewing but it will set us up for a mild finish to the weekend. further up the coast, an early season storm brings rain to the pacific northwest. this system could have a big impact on the seven-day forecast coming up. >>> and you can track the conditions and the forecast with our free nbc bay area weather app. it is free to download on your smartphone. >>> back open to swimmers even if very few showed up today. lake temescal reopened. it has been closed since june because of blue-green algae. the park spokesman says they are glad it's clear but this is a problem that needs a long-term solution. >> is it a national phenomenon, it's a challenge throughout the nation. a lot of it is based on the nutrients available in the sediment of the water. the old reservoirs in the nation have this challenge. we are looking for a long-term solution. >> the lake will be open through next f

low—pressure moving through.here? it looks like the jet stream is taking a wavy pattern in the atlantic, encouraged by the remnants of tropical storm emily coming out of the usa. with this pattern we are more inclined to see high—pressure moving in for a time next week. we are more confident that will happen. and settle things down for many. how long is still open to question. it could well be that we are still around the northern edge of this high—pressure system, touching scotland, and we could get something more typicalfor the time scotland, and we could get something more typical for the time of year. cloudy skies and wet at times in the northern isles and cornwall then gets the sunshine. how long the high pressure will stick around is something we will be looking at in the coming days. a big hike in electricity prices for british gas customers. more than 3 million will be affected. electricity bills will go up by 12.5% from september. the government's condemned it. consumer groups says it's a slap in the fac

low 60s to low 70s, pretty mild. at noon time you will see a mix of sun and high clouds. heading to 3:00 in the afternoon not as humid. temperatures will be pretty typical, mid 60s to low 90s for saturday plans. it will feel better as well. when you head outside don't worry about it being too sticky. a live look from the "abc 7 news" exploratorium camera, a welcome site. that's the fog obviously back in. our air mass is stabilizing, visibility is low. this is what we're used to here in the bay area. temperatures right now in in 60s and 70s, so it is still pretty warm out across parts of the bay area from our east bay hills camera, a shaky view. you can barely see the skyline because of the fog. lingering hugh mildity tomorrow morning, dryer air for the rest of the weekend and fok expect at the coast, sunshine inland saturday and sunday. here is the hour-by-hour forecast. at 7:00 a.m. still some of the monsoon moisture in form of clouds coming back around. we will keep the hugh mildity in the forecast until about 7:00 to 9:00 a.m. fog at the beaches. heading to 11:00 a.m.,

a rough road for lows.s being hammered after earnings disappoint. >> getting economic data across with the tape. let's get to diana with those numbers. >> sales of newly built homes tank 9.4% in july. down 9.4% to 571,000 seasonally adjusted annualized units. that's a big miss. the streets are looking for 610,000. junes numbers were revised up. still a big drop at 9.4% i'm always watching prices the median price was $313,700. that's up 6.3% year over year and that's a big gain. we were starting to see the new home prices come down as builders try to target those buyers but didn't happen in july selling is what is on the higher end. that's what builders are building and those are the people that can afford it right now. these are signed contracts in july not closing. so these are people out shopping for homes in july. we did see a jump in the supply of newly built homes from 5.8 month supply to 5.4 month supply you're seeing surveillance lie go up and sales go down. not a great trend. we did see the interest

looking at over night lows tonight, the weather forecast for tonight, lows in the middle 50s and as we head out in redding tomorrow, 101 degrees. thunderstorms in the sierra and temperatures in the middle seventy. in the bay area, sunshine and low clouds along the shore. concord 89. oakland 71. south bay, campbell 87. and san jose 84. east bay tomorrow we will be nearing 90 degrees. but not quite there. north bay tomorrow, nice, novato 84. 77 petaluma. 74 santa rosa. 94 lake port. in the extended forecast, the usual low clouds along it shoreline and sunshine tomorrow afternoon. with temperatures just easing up a little bit inland. low 90s by wednesday and thursday and friday. so there is a very gentle warming trend later in the week. around the bay, very nice week ahead. low 70s with early morning clouds and then sun in the afternoon. looks like a great week. have a good one. >> we will take it. >>> santa clara this weekend, bricks by the bay. brick building seminars and games. this year's theme is california dreamin'. well known land marks. my kids are out of that stage but i bet your

and low 90s making a comeback. but low 90s better than 100s. >>> coming up, a scare in the air. severe turbulence on an american airlines flight that injured passengers and flight attendants. we'll tell you where it was coming from. >> and a new reason for parents to talk to their kids in high school. what age teen drivers becoming the most dangerous on the road? food. water. internet. we need it to live. but what we don't need are surprises, like extra monthly fees. i see you, fee, played by legendary actress anjelica huston. you got me, mark. internet for one everyday simple price and no extra monthly fees. tso why is she smiling?r days driving all over town. because she shopped during the safeway anniversary sale and filled up her trunk with grocery savings, plus earned 4 times the gas reward points. now that's something to smile about. right now, get pepsi 12-pack 12-ounce cans, buy 2 get 2 free, and lay's chips, 9.5 -10 ounces, 2 for $5 with your club card. the safeway anniversary sale. come in and explore. food. water. internet. we need it to live. for all the streaming an

just mid-90s inland as the heat begins low 90s saturday and sunday. low 60s on the coast. the pattern of highs will remain through the middle of next week. we don't expect another spike in the heat for a while. >>> thank you, spencer. >> new details about that controversial speech president trump gave at the boy scouts p what the scouts are saying didn't happen. didn't happen. >>> at at&t, we believe in access. didn't happen. >>> the opportunity for everyone to explore a digital world. connecting with the things that matter most. and because nothing keeps us more connected than the internet, we've created access from at&t. california households with at least one resident who receives snap or ssi benefits may qualify for home internet at a discounted rate of $10 a month. no commitment, deposit, or installation fee. visit att.com/accessnow to learn more. >>> a royal send off today for prince phillip. the 96-year-old carried out his final official solo public appearance at a parade today in london. molly hunter has a look at today's appearance and what's next for the prince.

usually the warm inland spots, in the low 70s. i'll have the accuweather forecast coming up shortly. lot >>> breaking news in lafayette. sky7 is above avalon avenue where someone was injured in a forklift accident. we'll push in here so you can get a better look at the scene there. the block is shut off for the emergency response crews. they've not told us what the condition the person who was injured is in. we'll stay on top of this breaking news story on the abc 7 news app. you can download it for updates on your mobile device. >>> the state of california is joining the city of san francisco in suing the u.s. justice department over president trump's sanctuary city restrictions. the suit filed today by state attorney general javier bacera chlenges the blocking the sanctuary city policies. >> it's a low blow to our men and women who wear the badge, for the federal government to threaten their crime-fighting resources in order to force them to do the work of the federal government. >> the city of san francisco filed a similar laws