the nasdaq dropped 21 the s&p 500 was down 11. "nightlhat does it for business report." thank you for watching. >> thanks from me, as well. have a great evening. we'll see you back here tomorrow night. ♪ >> this is "a bbc world news america." presentation this isanade possible by, the fre ation,tion, koeblerou pursuing solutions for america's neglected needs, and purepointfi ncial. >>ur how do we shape tomorrow? it starts with a vision. see an ideal form and our mind, and then we begin to chisel. strip away everng

and the nasdaq dropped 68to 7127. >>> and cars put out the american-made index, cars are manufactured here have the most person parts and support the most american factory jobs. four of the top ten made by a foreign maker, based in illinois. but it's a division of chrysler based in london. honda odyssey made in alabama, number two and three on the list. >>> adopting surge prices. if a film is popular, charge subscribers an additional $2. the change takes effect next month. annual subscribers are exempt. other changes on the way in august, add a "bring a friend" option. add a friend. additional $6, can see an imax or 3d film not currently included in any plan. >> i don't like the surge prices. have to say. >> no one does, no. >> thank you. we would choose you for the plus 4, by the way. >>> and hundreds across the state won't be able to use the ebt transfer cards this weekend. if you know someone who relies on this, listen up. the state is about to transition to a new ebt vendor next saturday. because of that, a 24-hour outage this weekend across the state. it starts tomorrow night at

lou: wall street, dow up 96 points, s&p lost two, the nasdaq dropping 54 points, volume on the big board 3.6 billion shares. we're coming right back with much much more. stay with us. .. george woke up in pain. but he has plans today. hey dad. so he took aleve. if he'd taken tylenol, he'd be stopping for more pills right now. only aleve has the strength to stop tough pain for up to 12 hours with just one pill. aleve. all day strong. where we're changing withs? contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com. but as it grew bigger and bigger,ness. it took a whole lot more. that's why i switched to the spark cash card from capital one. with it, i earn unlimited 2% cash back on everything i buy. everything. and that 2% cash back adds up to thousands of dollars each year... so i can keep growing my business in big leaps! what's in your wallet? lou: just when you thought it was safe to go in the water jeb bush rears his head. showing he has no idea what it takes to lo

lou: wall street, dow up 96 points, s&p lost two, the nasdaq dropping 54 points, volume on the big boardg right back with much much more. stay with us. . . . . lou: just when you thought it was safe to go in the water jeb bush rears his head. showing he has no idea what it takes to lose or win. he says this political environment right now, i'm not suited for. i'm a fish out of water. i can't imagine having. deep thinking from low energy. fox business contributor, rachel campos-duffy and radio personality, mark simone. why is he trolling the president of the united states. >> i think he's confused. he's a prestrum candidate. we are in a post-trump world. he doesn't understand what happened. here's what happened. all of our statesmen gentlemanly like statesmen -- anybody like mitt romney or jeb bush,. lou: low energy losers. >> the democrats ate them for lunch. jeb is right. he could not survive in this world. trump is a creature of the pop culture created by the left. he knows how to fight. he's a creator of business. lou: you are putting it down -- >> i'm not putting him down. lou: you s

the nasdaq dropped. l election is being removed from tdow jones industrial average. walgreens is scheduled to take its place. the official switch will happen on nation's largest and most successful publicly traded companies. ge has been part of this index for 100 years, but this year it's stock has been on a steady decline. walgreens stock is up 2%. >>> this man tells us about the terrifying ordeal and how he is doing now. >>> our meteorologist will be back with the full forecast in a minute. ♪ ♪ legendary jockey vÍctor espinoza is insatiable when it comes to competing. ♪ ♪ when it comes sto snacking.s ♪ ♪ ♪ ♪ that's why he uses the chase mobile app, to pay practically anyone, at any bank. life, lived victor's way. chase. make more of what's yours. wlet's do it. ? ♪ come on. this summer, add a new member to the family. at the mercedes-benz summer event. lease the glc300 for $429 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. >>> members of the lgbtq community are on edge a

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lou: wall street, dow up 96 points, s&p lost two, the nasdaq dropping 54 points, volume on the big board shares. we're coming right back with much much more. stay with us. i've always been about what's next. i'm still giving it my best even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'm up for that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. so what's next? seeing these guys. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more easily and it may take longer than usual for any bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medi

the nasdaq dropping 68. meanwhile, the jeep cherokee is the most american made car of 2018. cars.com puts out an annual american made index looking at which cars are manufactured here, have the most american parts and support the most american factory jobs. four of the top ten american made vehicles are actually produced by a foreign based automaker. the jeep cherokee is produced in illinois but jeep is a division of chrysler based in london. the honda odyssey and ridgeline made in alabama were number two and three on the list. >>> and movie pass is adopting surge pricing. deeming a film very popular charging subscribers an additional $2. it takes effect next month. annual passes are exempt. and adding a "bring a friend" option for an additional amount, see an imax or 3d film, which aren't currently included in any plan. back to you. >> sign up for that annual fee then. >>> we all love our dogs and today is bring your dog to work day, folks. that means a lot of us get the opportunity to share our work spaces with our furry friends. i mean, what could be a better day than tha

the nasdaq dropped 161 points. that's it from cnbc. first in business worldwide. >> welcome back. house republicans worked flew the weekend on a so-called compromise immigration bill. bucking president trump's advice on friday to stop, quote, wasting their time on the issue until after the mid terms when trump says more republicans will be elected. the fruits of their weekend labor remain uncertain but kevin mccarthy promised on fox news this morning there will be a vote on the compromise legislation this week. >> there will be a vote this week. not only will it put the money forward for the wall. it will tie any immigration proposal going forward to the money for the wall. that it has to be built. it has to be built. it will end catch and release. it will go to a merit based system for imabrasion grags and it will deal with the daca situation. >> with the president's support far from certain republicans in congress who already saw one immigration bill fail last week are already bracing for this bill to fail as well with one source telling axios over the weekend wh

the dow futures are indicating a drop at the open of 342 points the s&p indicated down 31, the nasdaq down 81 we are also in the middle of a five-day losing streak for the dow. today would be six today would be the biggest drop of those five days if this continued. also likely pushing the dow negative for the year. aside from the trade talks that are sending an sending the dow futures down, the other big story is around immigration and the trump administration defending its immigration policy despite growing outrage. tracie potts has more. >>> it's growing from democrats, republicans, all sides here. two more former first ladies, michelle obama and hillary clinton expressing concern about how this zero tolerance policy is playing out sounds of anguish from behind a chain link fence migrant children sleeping on floors, wailing for their parents, mocked by a border patrol agent >> the audio provided by a civil rights attorney not verified by nbc, is sparking outrage >> they need to end this policy. it is unconscionable, it's immoral, it's wrong. it's unnecessary >> this is government sa

the dow jones dropped 328 the nasdaq was down 160 or more than 2%. the s&p 537 fell bob has more on today's selloff from the new york stock exchange. >> stocks sold off as trade tensions rose again today with the dow erasing all of its gains so f injune, and ending in corrective territory. it was risk off ally, with the usual crop of industrial stocks and materials down, those are trade worries that happens all the time. the damage is a little broader thant t today. they also gave investors an excuse to take profits on overheatsed gains. netflix fell today after surging more than 100% so far this ye. tflix isn't in china. other stocks like amazon, facebook, alphabet, they wereut all down a 3%. other big momentum mes like ali baba and twitter were all down singledi ts. even the small c russell 2000 which had been immune to trade war worries dropped 2%. the wall street journal reported presidentbrump might c chinese investments in u.s. tech stocks. they suffered theirin worste day decline in two months. sphb has fallen more than 4% over the last two we

the dow jones industrial average off 196 points to 24,461. nasdaq down 68. s&p 500 dropped 17. >> the justices overturn a 26-year-old decision that effectively barred states from imposing sales taxes on out-of-state purchases. the d bision was a win for south dakota which asked the court to uphold a recently passed law imposing an internet sales tax,ut it's considered a loss for amazon and other onle retailers. courtney reagan has the details. >> reporter: the supreme court says retailers should select online sales tax even if the retailer doesn't have a phy ical presenthe buyer's state. it's a reversal of the decision a sreme court made in 1992, mostly looking at catalog shopping before online shopping became a daily reality. justice kennedy writes, quo -- the internet's previousens has changed the dynamics of the ecomy. justice roberts and three other justices agree the court got it wrong 26 years ago, but say it' congress's job to financial it. large retailers have been i favor of online sales tax collection across the board, and wint today's decision as a >> i think it'

the nasdaq closing at a record high again helped by facebook and amazon. the market rose on deal news, disney increasing its offer for seventh straight day. it's the longest losing streak dropped 42 points and the nasdaq rose 55 points to 7781. instagram now has more than 1 billion users worldwide up from 800 million last year. the app owned by facebook is adding a section to long form video expanding beyond photo sharing. ig tv will feature videos from rising internet artists. it will initially be part of the instagram app but will also be available as a stand alone app. apple teaming up with sesame workshop, award winning studio behind "sesame street" to develop several live action animated children shows. "sesame street" is not part of the deal. apple is developing a slate of original content as it tries to compete against the likes of fl netflix, amazon, and released a hasn't been revealed how we'll watch them. >> thank you, courtney. talk about good news, bad news, this could explain why the bay area is experiencing a housing crisis. a new report by san mateo leadership council finds san mateo county alone added 72,000 new jobs over a five-year period ending in 2015. so n

the impact. >>> stocks dropped today following the tariffs announcement. the dow lost 84 points. the nasdaqwn 14 and s&p dropped three. >>> the proposal counters a rent judge says that coffee should carry a warning. the issue started with a lawsuit claiming the roasting process produces a chemical that can lead to cancer. >>> unveiling a new policy that could help prevent sexual harassment. part of the plan makes it easier for employers to complain. >> what we are doing is updating our processes internally in keeping with current theory in terms of best practice. >> we are trying to get people to come to us and ask us to intervene on much more sort of minor violations of our internal policy of respect. >> eventually lawmakers want to have an independent panel, and hear complaints. >>> women are not just kicking off their heels, appear to be giving them up entirely. speculating the me too movement might be the decline schools. evidence that a lot of women are switching out of high heel shoes. a spike of a number of customers selling their high heels. >> we have seen a 30% increase. >> thread

falling sharply lower, following concerns of a trade dispute, 87 points lower, marking the six straight daily drop, the nasdaq was off 21 points, and the s&p 500 fell 11 points. >>> news that general electric is being moved from -- removed from the dow jones average, walgreens will take its place, tracking 30 of the nations largest and most successful companies, ge has been part of the index for more than 100 years, but its stock has been on a steady decline this year, walgreens was up more than 2% on the news.>>> hundreds of guns seized from a home in southern california, the tip that led authorities. >>> a disaster declaration, a series of storms causing flash flooding, and killing at least one person. >>> it came down to hard, too fast. >>> authorities in southern california have seized more than 50 guns, 550 rather, at one home, at the home of a convicted felon, finding hundreds of assault rifles, ammunition boxes, and large capacity magazines, investigators say it was a neighbor who tipped them off about the weapons. charges are now pending, he has been released on bail. >>> no arrests made in the deadly

the dow dropped 166 points. the nasdaq slumped 116. the s&p was down 23. u.s. mover today up 3%. >>> ride sharing company lyft is worth twice as it was last year. the san francisco based company announced it raised $600 million. total worth is $15 billion. lyft has been steadily gaining and holds 35% of the market doubled its percentage from two years ago. >>> toys "r" us closes for good this week. toys "r" us in tonight. everything you need to know about the bankruptcy of toys "r" us is on our website abc7news.com. >>> many would say there is no better place than >> 3,000 packed the stadium this morning. chris nguyen was there. >> an incredible day of world cup soccer. starting at 7:00 this morning. cheering on mexico. >> everything is positive over here. wonderful. >> reporter: from moments to nervousness, and absolute relief, this game drawing out the emotions of many including the vice mayor of san jose. >> we were up and out of the house in less than 20 minutes. so you know sports motivates even the youngest of your children. >> reporter: the san jose eart

on today's watch list a report on existing home sales, the dow dropping 287 points yesterday to 247000 while the nasdaq went to sts 7,725. general electric gets the boot from the dow, it will replaced by wahlgreens. created in 1896 and listed in the index. the couple struggled in recent years, down more than 50% in the past 12 months and 25% this year alone. but the change may not be a bad thing for investors. that's because companies that have been removed from the dow in the past five years have generally performed better than their replacement. and uber will stag drivers to switch to electric cars. launched a year-long pilot program in seven cities including austin and montreal and sacramento and san diego and san francisco and seattle. offer cash ip sen tifs to some dryers that use electric vehicles and drivers will get access to resources to help them find every available rebate ale car. >>> upping taxes on silicon valley, tech giants could generate millions of dollars in new tax revenue in a new ballot proposal goes forward. this is about taxing the largest employer in the city. we're talking abo

the dow marked its sixth straight daily drop. the nasdaq was down 21. >>> shares of tesla motors were also down about $18 or 5 percent, and that follows news of that fire at the tesla factory that we told you about. it happened on sunday night which stopped production at the plant for several hours. meantime tesla employees here in the bay area will lose their jobs as part of a reorganization plan. tesla detailed the plan in letters to state and local officials. it will cut at least 420 employees from fremont and 86 workers at the palo alto headquarters. the ceo elon musk confirming tesla would lay off 9 percent of workers. >>> and the facial scanner is the way of the future for an airport in florida. rport in florida. >> reporter: in the goal of getting things moving at an airport where that's been a problem. >> it's a gooding change. >> reporter: the one where this man just crossed custom with his face. >> took less than 10 seconds. pretty straight forward. actually saves time. >> reporter: fresh off a flight from london, he says he cross

and the dow dropped and nasdaq as well. anwhile, the jeep cherokee, most american-made car in 2018. put oun an index looking at which cars are manufactured here, have the most american parts and support the most american factory jobs. actually produced by a foreign maker. chrysler based in london. honda odyssey and ridgeline made in alabama number two and three on the list. >>> and movie pass, adopting surge pricing when the film is popular, charge subscribers an additional $2. the change takes effect next month with annual subscribers exempt. other changes on the way in august, adds a "bring a friend" option to add a plus-one for an additional $2 to $6, three an imax or 3d film not currently included in any plan. don't choose the popular one. >> okay! our first date. go to an old movie. i don't know if it's going to fly for the teens. thank you very much, susan. >> there you go. >>> speaking of movies, you might want movie passes this weekend. heating up, one. biggest blockbusters hitting the at least this year and it is, o

the nasdaq lost 20. for the week the dow tumbled 2 percentage points. the s&p dropped 9 tenths at nasdaq fell. 07. cles assembled in the european union. the latest voluntarily in what some consider the beginning of a trade war between the u.s. and its allies. deirdre bolton of the fox business network joins us from new york with an update. >> good evening, bret. some strategists say massive tariffs on european car maker could say cause economic chaos. here is the president's tweet from earlier today. based on the tariff and trade barriers, long placed on the u.s. and companies and workers by the european union. if these tariff barriers are not soon broken down and removed, we will be placing a 20% tariff on all their cars coming into the u.s. build them here. ford and g.m. fell right away as did european auto stocks. economists say though it's complicated to put tariffs on bmw and mercedes-benz. both have a huge presence in the u.s. in september, the parent of mercedes announced a 1 billion-dollar investment in its alabama plant. the peterson institute says a 25% tariff on imported autos would resu

. >>> stocks rose today following news at the nationwide unemployment rate drops. dow gains 219 points. the nasdaq up >>> the historic summit between the american and north korean presidents is back on. scheduled for june 12th in singapore. north korea's former spy chief was at the white house to deliver a letter from kim jong-un. >> again, it is a process. we are not going to go in and sign something, we never were. we are gngoi a process. >> after north korean officials threatened a show down and slammed mike pence. >>> what a san mateo lawmaker w wants to change about the policy. >>> see what that has done for ticket price force game two. you can only imagine. stay with us. when the worst oil spill hit san francisco, first responders went to work. and mayor gavin newsom, he went to hawaii. man: newsome left the day after the spill for a four-day vacation in hawaii. the same gavin who said his job as lieutenant governor was so dull, he only showed up for work at the state capitol one day a week, tops. gavin's not gonna work as governor. i thought after sandy hook, where 20 six and seven year old

the dow lost 120, the s&p 500 dropped 11, the nasdaq fell 8.uld be entering an era of media mega mergers. the approval of at&t's $85 billion takeover of time warner may now open the floodgates to all sorts of deals. let's talk about what might come next and how that might work and affect your family possibly. elizabeth macdonald joins us tonight from new york. good evening. >> good to be with you. the talk on wall street is that a new media merger wave. evidence of that is in the shares in the merge targets. they basically rose on ths all about getting in the door, at the millennials and the baby boomers, cord cutters with interesting content. it's also about merging the guys who own the pipesur living rooms with the guys who create that contract -- content. in order to get the millennials and baby boomers into their shops. in this deal at&t now owns time warner cnn, hbo, including the "game of thrones," tbs, warner bros. and d.c. comics. >> bret: what are some of the other companies wall street is talking about in a? >> the mergers that includ

the nasdaq and s&p also dropped. art of the decline is attributed to president trump's threat to limit chinese investments in some tech companies. >>> one of the state's best known medical marijuana dispensaries suddenly is forced to close, how it's leaving veterans without a lifeline. >> and the mansion that could shatter a bay area record. it even has a pizza room. what else $100 million will get you. hi! are you two getting along? oh, yeah, yeah. [ hiss ] [ gasps ] [ birds chirping] ♪ no matter what you are they're a perfect match. the new ipad and xfinity stream app. hey guys, i'm home! surprise! i got a puppy. add an ipad to select packages for just $5 a month for 24 months. upgrade online now. the drug -- epidiolex >>> for the first time the fda has approved a marijuana-based drug. the drug epidiolex treats epileptic seizures for patients age 2 years and up. it is a liquid form of marijuana found in the plant and does not get patients high. >>> one of california's best known and longest running cannabis dispensa

the s&p 500 dropped 37, the worst loss since april, the nasdaq slumped 160. >>> meantime, gray televisioncom media to form the third-largest television broadcast group in the u.s. the $3.6 billion deal was announced yesterday. the combined firm will own more than 140 tv stations serving 92 markets. shares surged 16% on monday. >>> and amazon says prime members can now see savings in whole foods across the country. starting tomorrow, prime members can get 10% off certain sale items and discounts, excuse me. members can activate the deal through the whole foods app or checkout in the store. prime deals will be marked with yellow and blue stickers. anne-marie? >> diane king hall, thank you very much. >> thank you. >>> still to come, marijuana milestone. the fda approves a new medicine to help patients who suffer from seizures. suffer from seizures. ow doc how can i get whiter, brighter teeth. and the dentist really has to say let's take a step back and talk about protecting your enamel. it's important to look af because it's the foundation for white teeth. i believe dentists will recommend p

mike santoli on the floor for us the nasdaq sees its biggest drop in nearly two months managing partner, obviously long-term focus on china and mike mchugh, co-founder and ceo, former twitter board member. good to see you both. >> good morning. >> impact on tech. where do we feel it first, semis, cross border, m & a, something else we haven't considered yet >> during the recent development, you see zte stock in hong kong drop down a lot when there's a trade war going on, it will be affected. you can't produce any equipment. you don't have the chips across the board in m & a, you see they tried to invest and buy companies in the u.s and both the chinese government and the u.s. government is putting a hold on that for different reasons. we see slowdown in both areas for sure. >> do you think by a certain point this year, u.s. says china, you may not buy a u.s. company, at all? >> that could happen but with the current administration, you never know and i think the impact on tech stocks is limited, in general. you look at the e-commerce company, amazon or alibaba, they're not as affected b

the dow dropped nearly 85 points. the nasdaqt 15. >>> a graduating class gets a special sendoff. hillary clinton's message to some bay area 8th graders. >> and the streaming content wars heat up. apple makes a mega deal with oprah. francisco.... hillary clinton was the >>> an unannounced guest made a big impression today at a graduation ceremony in san francisco. hillary clinton was the surprise speaker at the hamlin school's 8th grade commencement. a student at the private school summed up the speech. >> she talked about how we had to be courageous and we're all dominated by mainly men and how we have to get up when people push us down. >> now the school isn't saying how exactly secretary clinton came to be invited to the graduation, but we hear one of her friends has a granddaughter who attends the school. >>> san francisco's next mayor london breed went to chinatown today and talked with community leaders promising to make headway on creating more affordable housing. >> that is a commitment that i'm determined to fulfill crea

the nasdaq relative strength index. you don't even need me to tell you anything further there. the nasdaq setting a new high this week moving further into overbought levels since june. belowve strength dropping0. julie: the nasdaq has been hugging that level for a while. i am taking a look at copper. dr. copper. it is a reflection of perceptions of economic growth. with all of the trade noise, i was curious how it would be. if you're making the torture analogy. you have copper futures here in yellow. you have the net positions in copper futures in blue. the highest since january last week. we just got the data. you see a little bit of decline. pretty substantial as we have had a pullback in the prices. somethinglooking at we don't talk about that much. greece. the greek crisis is officially over. i that i mean they got a deal to extend to reduce the burden of the debt. this crisis.ost of the blue line is the greek stock market. white line is the greek unemployment rate. 2014.down from they said if they ever got a deal on the debt he would wear a tie. look at him today. there is a photo. he put on a tie. he committed to his word which is a signal to bondholders greece will be good on its debt

the sheriffs department tell us at 3:45 this afternoon a man drove up with two gunshot victims nasdaq his car after dropping them off the deputies asked him to get out of car. he refused. the deputies drew weapons at that time he kprid. it's unclear if he was arrested. however we do have video of one man in handcuffs at the hospital. there is also a silver consider, a sedan we have reid of we are told by officials at the hospital that one gunshot victim drove himself to the hospital in that car. so back out here live, again, on the border of the mission district in bernal there is a large crime scene at this housing complex. a lot people concern. a lot of police officers and detectives trying to figure out what happened here earlier today as they search for evidence. as soon as we learn anything we'll bring you the latest. live in san francisco, kate larson, abc 7 news. >> thanks very much. >>> a santa rosa woman is being treated for a hip injury after being gored by a buysen at yellow stone national park. authorities say 59-year-old kim hancock was in a crowd of people standing ten yards from a herd of buy

the dow dropped 196 points. the s&p 500 lost more than 17. and the nasdaqore than 68 points. >>> the house passed a sweeping farm bill that would tghen work requirements for people receiving food stamps. the bill passed by a slim213 to eyai std i wldou toss too many people o ff government food assistance. 22 million republicans said no. the senate is working on its own version of a farm bill. >>> gm is bringing back the chevrolet blazer. the carmaker unveiled the redesigned blazer yesterday in atlanta. it fits low to the ground, has of mexico factory in mexico. they were criticized saying workers in the u.s. are unemployed and being laid off. >>> and hot dog water is a trending topic. in vancouver a man was selling bottled water with a hot dog in it. it cost $28.57 a bottle and it came with many claims that it promoded a youthful appearance in its use. it turned out to be a stuntd. >> that's wonderful. i wonder if he sold anyone at all. >> gluten-free, okay. >> and key toe-compatible apparently. >> exactly. diane king hall at the new york stock exchange. th

the dow dropping over 300 pounds on the trade story. nasdaq down by 54 points.a state of emergency in wisconsin after a weekend of flash floods that washed out roads, toppled power lines and created mudslides. a disaster in michigan where crews rebuilding after the downpour used at least 60 sink holes. >>> the heat is on in the bay area as we take a live look outside. ocean beach california in san francisco. foggy this morning but it could be a nice day to head to the beach especially if you live inland. >> you will want to break from the heat and go out to ocean beach. the cloud cover should burn off. it doesn't look like it'll bet warm. yeah. that means summer is here. very summer like conditions for san francisco at least. summer official first day is thursday. here say live look at lake tahoe. the higher up you go you won't be obstructed by the coastal clouds. this is a pretty view at home wood of a beautiful lake tahoe. not so blue over here. across the bay area, across the bay bridge. we have gray conditions. low cloud cover blocking the top of the bay bri

the nasdaq rose a fraction today and s 50 dropped by five points.t that is "nightly business report" tonight. thanks for joining us. have a lovely eveninag we'll see yon tomorrow. >> this is "bbc world news america." >> funding of this presentation ti made possible by the freeman foun, kovler foundation, pursuing solutions for america's neglected needs, d purepoint financial. >> how do we shape our tomorrow? it starts with a vision. we see its ideal form in our mind, and then we begin to chisel. we strip away everything that st

the dow extended its losing streak to an eight consecutive day. after a trade war weighed on investors, it dropped 196 points and the nasdaq erased early gains and getack 68 and the s&p 500 was off 17. >>> when i walk, i feel proud. >> students working to make the school a better place. how creating murals is help creating lessons. >>> we are back with the heat headed our way. stick around for the complete forecast. . >>> colorful murals painted by students at a bay area school, that has seen ongoing construction for years. the principal reached out to us about how proud he is of his students. they are turning a difficult situation into a life lesson about overcoming obstacles and making the most of what you have. >> some good-looking artwork, we are in the newsroom after seeing how students made their school look more beautiful. >> reporter: the students tell me they have learned through art that as school is more than a building. it was up to them to turn their portable classroom into a community. for the past five years, this high school has consisted of a collection of brown bungalows while the school building is under construction. jim. ave ear

the nasdaq, please. way, way down. we've got a lot from the nasdaq which is where the companies are concentrated down over 2%. that is the biggest one-day dropnology companies were some of the money coming into those companies may be restrict it by the president and that's why -- have i got this right? >> you absolutely have the right. let's put things in it. we've been hitting record highs for the technology index. today the chipset to her and the taliban and the like and also the chinese list of firms here in the u.s. but the likes of alibaba, i.t., happy to clients. interesting they haven't listed it from that tweet from stephen mnuchin. with the clarity of the administration they will rethink this. stuart: the restrictions or money coming into american companies would apply to all countries. not just china. if that's the case, a bigger restriction than we thought in the first place. we are up exactly 1.5% on the dow. 370 points in dow down 2% on the nasdaq. the technology companies being the biggest losers. the headline coming into us from "the wall street journal." the poisonous tree was written by our next guest, david reagan. a consti

the dow, s&p and nasdaq all dropping by more than 1%. do you protect yourself from the potential of a fast and furious equity drawdown? hani: that is a challenge, given that these things are pretty unpredictable, given that there are given by political factors. protectry expensive to against those type of events, particularly for an intermediate type of investor like ourselves. we find that it is actually againstive to protect very short-term effects, and much more important to think about how them fundamentals play out -- how the fundamentals play horizon.he longer term for addiction and that he in terms of the direction of travel. we still think that both sides want to have more trade, not less trade. . the endgame, will the lower tariffs, not higher. anna: thank you very much, multi-asset portfolio manager of pine ridge investments, he will be staying with us. all street firms cut their end of the 2018 forecast for 10 year yields. i will the fed react, and what does it mean for the global economy? up, robertng schiller, professor of ec

nasdaq leading the way and the nasdaq weaker yesterday. the dow pard losses from well over 100 points, down 44 now but the nasdaq continues to be weak after droppings actually up. >> looking at the nasdaq for the four, five days before, a lot of, new highs every day for three, four days in a row. >> something happened late yesterday in yields. did you see that >> yields basis points, dropped by about ten. >> italy or something? >> yeah. look there. >> almost at 3% yesterday. >> more questions justify now, seen that? picking this other course. >> i'm going with justify. >> picking hoffberg or something? >> larry started that. >> i always wanted triple crown to happen and -- >> and mean soros, a secret -- did he tell you personally he owned that is that how you got that story or did you see it recently you talk a lot. >> i read it in the "new york times. >> yeah. they know what he's doing. they're at the same headlines. >> go to the headlines. >>> new, former ericsson ceo hans vestberg will take over for lowell mcadams at verizon. mcadams remaining executive chairman until the end of the year vestberg is the chief technology officer. there's a pictu

the stock market. worry about a trade war spread to stocks. nasdaq dropped 2%. dow jones dropped more than 1%. >>> the supreme court will not hear an aeal for a man whose conviction is highlighted in the popular netflix series making a murderer. brendon dassey was just 16 when he confessed. his lawyers argue the confession was coercednd they said he is borderline intellectually disabled. the court did not say why they declined to pick up this case. >>> a w flori refused to provide services for a guy wedding is getting a second chance to make her case in washington state. to sy thereme court sent the case back to the state for reconsideration. e florist argued that her arrangements were works of art creating tm for a guy wedding violated her religious beliefs. stices say the state courts should consider the case again in light of a decision that favored a colorado baker earlier thonth. >>> we are still waiting for several big decisions before the supreme court wraps up its term at the end of the week. the biggest case, president trump's trave ban. decisions are al

we areow seeing the dow down by 165 points, that is continuing to drop rightrd across-the-boa the nasdaqs & p 500 down by 14. so, seeing some red there.not tt our friday but who knows what else could happen here as far as the announcement from the president on tho tariffs. >> let's talk a lite bit about that. how much are we dealing with oand is it morer less than what wall street expected? >> reporter: wl, we are expecting the presidentis to gi approval on the unit states to put tariffs on $50 billion of chinese exports. so, that's -- they're about what wall street has bee expecting. we'll get an official announcement today with the final list of those plducts. that wilome out later today. but the worry here is that beijing has said it willsp red, it will retaliate. of course worries that we coul get in a back and forth tit for tat type of retaliat ty trade warre. it isn't clear exactly when these trade tariffs would go into effect but we are seeing this reaction very strony and continuing to see this reaction on the markets. >> yeah, continuing is the key. tracee these weeks blend into

few challenges involving amazon as you know, the dow and s&p is coming off the highest loss since june and a drop on the nasdaqld be the first since may and the futures look pretty good here. back in a minute find the remote yet? nah. honey look, your old portable cd player. my high school rethainer. oh don't... it's early 90s sitcom star dave coulier... cut...it...out! [laughing] what year is it? as long as stuff gets lost in the couch, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. that's confident. but it's not kayak confident. kayak searches hundreds of travel and airline sites to find the best flight for me. so i'm more than confident. how's your family? kayak. search one and done. ♪ ♪ ♪ >> comcast making its bid for fox assets official. our david faber has the story since the ball began to roll and he joins us on the phone good to talk to you. what's important to know this morning? >> you know, i think, carl, we were talking about this yesterday, in terms of how this will play out. fox has a regularly scheduled meeting on the 20th of th

the grease cleaning power of three bottles of this other liquid. a drop of dawn and grease is gone. >>> hey, there, we're live at the nasdaq market site on this friday afternoon the guys are getting ready behind me. while they're doing that, here's what's coming up on the show ♪ >> jack is back with shares of both twitter and square surging. and the charts are putting even more gains from one of them. plus, biotech is breaking out. and a key event next week could send the space higher. we'll tell you how to profit for less >>> and --

the environment. together, we're building a better california. >>> stocks sank today amid trade worries. there are reports that trump administration will limit technology exports to china. dropping 328 points. to end trading at 24,252. the nasdaq sank 160 points. netflix worst day in two years. >>> lawyers for san francisco based uber were today. reasons given were uber's poor approach to reporting serious cr offenses. uber has since apologized and changed its busy models. the judge will have a decision on the case tomorrow. >>> the end is in sight for toys "r" us. all of the stores and us will close this friday. items marked down as much as 90%. you do have to shop in store. but you can go online to find a best of bay area stores that are already closed and ones that are still open. we have put that list for you on our website abc7news.com to try end of an era.. >>> still ahead, a shocking tragedy in southern california that cost a firefighter his life. >>> a guard at one of the facilities speaks ♪ (vo) ask for the best decks. ask for azek building products. >>> the effort to broker a compromise bill on immigration policy reached a fever pitch today. lawmakers are expected to reject that immigration measure. dianne feinstein

sliding for the eighth straight day in a a row, droppi inping 20 points on the bell closing down .8%, a drop to 24462, and nasdaqmilar hit today, all the way back down to 7712. s&p 500 down two-thirds of 1%, 17 points to 274 the9, and russl down 1% to 1489. russell above 1700 for the first time last week, but today, both averages gave it back, and dow, as we said, just can't break the slide. checking big banks today as well moments from the first round of results on the stress test from the federal reserve. those as soon as they are out. it was a mixed session, bank of america and citi higher today as well as jpm weaker talking about this is michael santoli, rod, co-managing partner at associates, and stefanie link, managing director and u.s. equity manager at ciaa company. welcome to you all a busy afternoon >> sfor sure >> the winner on the dow was verizon. caterpillar the biggest loser. hit every time there's trade war concerns, of course, down 2.5% over in the s&p, darden restaurants a big winner, up 16% today. marathon oil down 5% mike, why did we weaken so much? there were not that many headlines, not a ma

the nasdaq and s&p 500 and the dow all down. the dow dropped 400 points as president trump reportedly plans to curb chinese investment in tech. >>> new at 11:00, the supreme court is ordering washington state courts to take a new look at case of a florist who refused to sell flowers to a gay couple because of her religious objection to same-sex marriage after they turned down a long time customer to provide flowers for his wedding to another man. the florist said her religious principles prevent her from providing the flowers after the justices ruled in favor of a cake baker who refused to make a cake for a wedding celebration of a same-sex couple. the state was supposed to prevent a big business takeover when recreational marijuana became legal in california earlier this year but it is happening any way. and small pot farmers are feeling this squeeze. if you want to grow pot legally, you need a state permit. our investigatation unit found big growers are flocking down south. as of the middle of june, the five companies with the biggest grows a

the dow dropped 119 points in today's trading. nasdaq was down 8. down 11. >>> nasa's mars rover opportunity has been knocked out of commission by a gigantic dust storm that is enveloping the red plan officials said that e storm covers one quarter of the planet and is blotting the sun. so it could be weeks or months before the sky clears up for sunlight to hit the rover's solar panels and recharge its batteries. nasa says all flight controllers can do is wait for the storm to pass and the martian sky to clear. >>> a warning tonight from pg&e. >> it is a decision of last resort. it is only extreme circumstances. >> why pg&e says it may have to shut off your power during the hottest times of the year. >> and we are defiill continue through the weekend. >>> a warning tonight from . it may have to shut off power in certainwhere there is a high danger for wildfires. >> ktvu's cristina rendon tells us it's part of a new safety program following last october's deadly firestorm. >>> reporter: emails and letters are being sent to pg&e customers in high fire d

we have the nasdaq lower by 101 points at the moment. make that 102 and dropping.the treasury yield curve. we haven't talked about that yet. we need to. perilously close to inversion. the flattest yield curve in nearly 11 years and sometimes flat yield curves then invert, meaning the two-year yield ends up being higher than the 10-year yield. that, as many market watchers know often usually precedes a recession. take a look at this chart showing the dow's performance over the last 30 years. the red bits we're showing you, that's where the yield curve inverted and can you see the drop-off in the markets, those are the recessions where you see the shaded part. so the dot com bubble, we saw inverted yield curve, the housing bubble, in about 2005-6 and you know what happened after that. starting to see it on the far right side of the screen. bring screen center our next guest, inverted yield curve probably is going to happen. brandy wine global portfolio manager jack mcintyre. i'm listening to you, jack, give me your thesis. >> you painted a great picture. what the cur

for one of the worst weeks in months in three months, you see the dow did drop twofold percentage points for this week, the s&p and the nasdaq, a little less than 1% each. the automakers came, look at this, you see mixed bag, they did have volatile day and this was on president trump's tweet about possible tariffs. this is something we have talked on fox business, the trade wars, tariffs, this jars the market and today was one set of news that he said he would do 20% of tariffs on automobiles coming in from the european union if the trading barriers were not lifted and we saw our stocks moving wit and carm ax x -- carmax hit high and we good a good month of june but today was wild. melissa: nicole, thank you. david: take a look at oil spiking after meet in vienna and up nearly 6% for the week, cristina has the details from the news room. they will increase output but not as much as expected? >> precisely, you saw it hit a little over $70 a barrel. the headline they will come down to 600,000. not all countries can actually put forward a million barrels per day. that contributed to the rally we saw today. opec as reminder a gr

the dowed dropped 286 points or 1.1%. the nasdaqave back 21 points and the s&p 500 lost 11 points. >> a humboldt county woman is threatening a lawsuit after a violent. >> when that ismy last name. >> what's your rnc. o i'm not. y dad isn't >> >> you're going to jail. >> oh, my god. >> you are going with us. >> cigarette it on video. >> i'm get going video. >> get it on video. get it on video. what the [ bleep ]. humboldt state university police officer pulled over the vehicle during an underage drinking enforcement operation on saturday night. officers say they stopped the vehicle after they saw somebody hanging out of the vehicle sun roof. humboldt state university police chief is investigating and urging people not to rush to judgment. >> what i would say is the video that was posted on social media started quite a long ways after the incident began. so it's not inclusive of everything. >> chief peterson says he is reviewing other video taken of the destine. the woman 20-year-old samantha was arrested for giving a false id as well

the dow jones strip losing 328 points to 24,252. in fact, it's dropped for the ninth time in 10 sessions. 50 &p 500 slimmed believe and the nasdaq getting hit hard as well on those technology concerns. haidi: yeah, and it is the sense that these trading partners are fighting back. the french months anyonester saying when we're attacked we will fight back. looking like a pretty flat opening here in asia. new zealand and snid give futures, even a steeper dwroun side. the aussie dollar testing that 74-cent level, the worst performer in that g-10 space with the background of a steady dollar. let's head to commodities. that was the bloodbath when it comes to global recession worries. the dollar still looking pretty weak. copper futures, had pretty good company across the rest of the commodity complex. soy bean to wheat and nickel following. slow starts to currencies. the first monday since 2016 for the occurrencey index. of its losing some earlier gains as well as the west careen yuan. jessica? jessica: the u.s. supreme court has stallone out a government them of sphere rning -- steering customers to cars with lower fees. its deals a blow to

the dow, nasdaq, and s&p 500 all dropped sharply yesterday. ares of harley-davidson lost almost 6% yesterday. the motorcycle maker based in wisconsin told the s.e.c. that retaliatory european union tariffs will force it to move some production out of the u.s. more than a year ago, harley executives med president trump at the white house to celebrate the company's success. in a tweet this morning, the president said the company is viewing tariffs as an excuse. melody has beens melody hobson is with us from seattle. >> good morning, john. >> you talked to folks at harley-davidson. the president says this will get worked out. what are they feeling? >> i talked to someone close to the company. they made it clear that this is a big problem. the company is very troubled by this. they have to act because they have 40,000 bikes they sell in the eu. it's their second biggest market. it represents 16% of their revenues. and they can't afford to lose the sales. so when tariffs go up by 25 percentage points, you have to do something because they feel they

the dow after dropping over 100 points yesterday is heading higher by about 80 points. we have the nasdaqhe s&p is up by 8. back to you. >> thank you. >>> extreme weather affected the lake tahoe water clarity last year. officials say it reached a record low due to a historic drought, record-breaking precipitation and warmer than usual temperatures. researchers say this is not affecting the long-term trends. they say this year we are already seeing an improvement. >> still beautiful no matter what. >> that blue. >> wow. >> something we can all do is just drive around, less riding bikes and going for jogs around it. keep tahoe blue! we are seeing gray skies for san francisco around the bay, oakland, as well. visibility is low. check out our "salesforce tower" camera. yeah, those clouds are over the top of the tower. here's a view towards the north. that will be haze in the middle of the screen. this is the view looking south. the bay bridge is somewhere under there. but, of course, cloud coverage thicker at 1,070 feet. a lot of the area is in the clear especially across the south bay for sa

the nasdaq up by a half%. >>> a big change is coming to the miss american competition the swim suit and evening gown portion will be droppedhe show want to move away from being a pageant and said the competitors will interact more with judges and ask to demonstrate their passion and intellect. >>> a long distance swimmer is hoping to swim his longest swim ever. he set off from the east coast of japan. said it will take six months to make the 9500-mile swim. he plans to swim eight hours a day and rest on a sail boat that is accompanying him. he made a similar swim across the lanttic. -- atlantic. he said he is not making the swim to set records instead he wants to draw attention to the amount of plastic trash floating in the pacific ocean. >> one lap is enough for me. let alone the pacific ocean. >> wish him the best of luck. >> bringing attention to a cause that is on a lot of minds. >> i have to remind you to vote today. if it is post marked by today and received by friday your vote will count. >> i will be in there about 50 minutes or so. taking the children. >> a real life civics lesson. cs lesson. with pg&e in the sier