Wells fargo a bad day as they put up a disappointing quarter. The first loss since 2008 and they cut their dividend from . 10 from . 21. A choppy day in a choppy time. David we are also getting mixed messages about the coronavirus. Yesterday it seemed like the news coming out of california may have triggered some of that happening. Why would that hit the faang . I thought if we had more coronavirus we like the faang better because we have to use it more from home . Abigail i think the two are a bit separate. The news out of california did take stocks lower, but the faang started to turn lower earlier. Au have these stocks up in huge way because of the stayathome element. Also these Companies Put up great quarters in april. We are into the earnings season now. We will be curious to see how they have fared over last three months. There is Something Interesting also ahead later this month. , jeffe the ceos of amazon bezos, Mark Zuckerberg of testifiedand alphabet before Congress Later thi
All that is ahead. First, to our lead. Alibaba shares fell to a record low, declining as much as 8 . Declining 10 after sales climbed up the smallest pace in three years. We spoke with the ceo and asked how concerned he is about a broader slowdown in the chinese economy. People come here not only for specific purpose. They come here for lifestyle. We are confident for the longterm growth. We will continue to closely monitor the Consumer Behavior and chinese economy as a whole. We are confident for growth. Emily that was daniel zhang, ceo of alibaba. Spencer ofe now, Bloomberg News and the director of Stanford Universitys annual china 2. 0 conference. Zhang expressed a lot of conference in the u. S. Consumer. Should we have that much confidence giving everything that is going on . I have spoken to him, met him. He is a true soldier. What is he going to say . Hes going to say, focus on the longterm. There is definitely volatility in the market. Most volatility occurred in june. Having sa
Been in the car told them that a woman who fell into the bay was the driver it turns of the car was reported stolen of the Los Angeles Area several weeks ago which means this is also a criminal investigation the driver could end up being charged with possession of stolen property hit and run and evading an officer her two companions told the chp and they were merely a quinces with a woman they were eventually released. Grant l the woman not was in the eastbound lane of the bay bridge right here as pretty much with the crash happened that is what she felt some seven to 75 ft. From the bike path this is past the tower the big a new tower as you headed into open on the bay bridge onto a new police said they saw her go under the bridge and then lost sight of her somewhere in the bay and in the cold waters they showed up near the toll plaza as we reported close to the westbound traffic is on 530 in the morning and now were talking about several hours ill either being somewhere a witness sai
Injured. Explosions tear through a chinese city. A blast at a facility that handles Hazardous Materials. Dozens of firefighters are missing. 90yearold jimmy carter announced he has cancer that has spread. Hillary clintons private server reportedly turned over to the fbi. About time was my reaction. She decided what to destroy. Its unbelievable. A town hall in las vegas. More than 700 people inside a nightclub in minneapolis when the ceiling caved in. In new york continuing his fight against the nfl in the deflategate scandal. An artist being criticized for making brady look that way. I apologize for not making him pretty enough for the world. Just released video captured the moments when a fire truck and ambulance collide in miami. 12 people were hurt. Oh. Hes there. A nohitter. Im glad its over. Room over there. He makes the catch all that matters. We dont make good deals anymore. We have incompetent people. John mccain asked once again about donald trump. On cbs this morning. This co
Thicket in the bid was shot and killed there are promising the identity of the suspects got was killed later this evening. A lot of elements are still in place. But one of the market before homicide investigations in recent memory, here in san jose. Pam ok rob, we will stick connected to you as you gain Additional Information and the News Conference is on its way. Pam will trend has been interviewed the two on and see on kron4. Com. Reporter a vigil is set for tonight. Recently shot and killed by San Jose Police. Members of the community are holding the event and also making an altar. They shot him five times in the back. Five times in the back. Reporter sure when the suspects to rising the victims. The state that they have the wrong guy. As part of your concern bay have nothing to do with this. Did not shoot anyone. He did not shoot anyone. I do not know what they think he was involved in. Reporter bay state that he was a hot hand. Police, fifth undercover officers tried to rest him t