Tech stocks underperforming today, pulling back more of mondays gains or giving up mondays gains, i should say, still on pace for a positive week 59 minutes left of the session, exactly down. 5 , sarah. Weve got a big lineup coming your way National Economic Council Director larry kudlow will join us to talk about the stimulus negotiations and any Economic Impact there. John shrewsberry of wells fargo will be with us and well talk to David Malpass and the race to fund Vaccine Development around the world. First off, though, lets get straight to the big stories were watching mike santoli is watching the market pullback. Rick santelli has the bond report but lets start with mike santoli. Big tech and momentum growth that have been running pretty hotly. This modest payback mode for the prior few weeks. Lows for today were right exactly where the s p closed on friday essentially made this roundtrip a couple of times, trying to bounce off of them yes, if you look at energy, look at pure val
Earnings for apple and amazon. Snapchat filing as early as this week. The ball rolling for one of the most anticipated ipos of the year. But first up, the president defending his executive order restricting travel to the u. S. From those seven muslim majority nations. Despite protests from around the globe, just moments ago the president tweeted, if the ban were announced with a oneweek notice, the bad would rush into our country during that week. A lot of bad dudes out there. Apples ceo tim cook among the Major Business leaders who oppose the executive order. In a letter to employees he wrote, ive heard from many of you who are deeply concerned about the executive order. I share your concerns. It is not a policy we support. Goldman Sachs Blankfein echoing that almost word for word today. Reactions to, jim, from google, nike, Reed Hastings of netflix calling it unamerican. Yeah, i mean, look, i think most executives were surprised. You look at who works for these Great American compani
Both to the public inside of japan as well as the outside of japan. I want there to be no understanding during the transition in washington that we stand firmly 100 shoulder to shoulder with you and the japanese people, mr. Prime minister. Mattis said the two allies are facing a number of challenges, such as the threat posed by north korea. Further details of the conversation are not known yet. Its likely that theyve discussed a number of Regional Security issues, including pyongyangs Nuclear Program and its repeated firing of missiles. Chinas military buildup in the disputed South China Sea was expected to be part of the discussion. On saturday, mattis is scheduled to have a meeting with his counterpart tomodi inada. He met with south Korean Counterparts earlier in the day. He delivered a stern warning to the north korean leadership. Met the south Korean Defense minister in seoul. Any attack on the United States or on our allies will be defeated and any use of Nuclear Weapons will be
The state department is no longer cancelling the visas of those from countries mentioned in president Donald Trumps executive order. Good news for those who have been protesting the ban at airports all over the country. Kron fours Spencer Blake is live at sfo tonight with more on what this reversal means. Spencer. I spoke to an immigration attorney todayand she says everything is back to the status quo right nowso people on flights to the us right now ashould have a much easier time when they arrive at the airport. Because of a washingon state federal judges ruling fridaythe controversial travel ban youve heard so much about is not currently in effect. Usually a stay is an Equitable Relief to stop things until there can be a full hearing. To fall in line with the ruling, the state department is now allowing anyone with a valid visa to enter the us. The department of Homeland Security is no longer telling airlines to stop visa holders from boarding planes to the us in those seven mostly
Wspot. The supervisor is asking developers to provide dedicated space. In San Francisco abc7 news. It was an accident bound to happen. That is what neighbors tell us after a big rig crashed on the street. When the driver tried to free the truck it rolled down and crashed into a power pole. Neighbors lost electricity and gas. The city says big rigs have to use the streets near their destinations. Were waiting to learn the identify of a woman sleeping in bed when a speeding car crashed into her room. Wayne freedman joins us where it happened. Wayne . Reporter neighbors tell us the victim a 25yearold woman had been planning to celebrate her engagement this week. She was sleeping in that converted garage over my shoulder last night. The tarp covers the hole through which an suv passed last night, some witnesses tell us it was airborne. To believe it, you need to have seen it or maybe heard it. I heard a crash. I heard, maybe a transformer went off. This. A horrific scene after an suv drive