Island of maui and ordered federal aid to help support the Recovery Efforts there. Ktvu is tom vacar has been monitoring those Recovery Efforts a joins us now with the latest. Hawaii. , somber and very sad day. The day after the worst destruction is over is often the worst day for survivors. Its when officials conduct the body count of people and pets lost homes, businesses and the certainty that things everything will never be the same again. Its the time of disbelief and deep soul sadness. Nikki white is desperately trying to find her dad, tim, a 65 year Old Air Force military police veteran living in lahaina. Her father told her by phone that he was in his car seeking shelter. He was saying that he couldnt get through to the places we were telling him to go because of the fire and structures were down. And then just communication stopped. So were almost at 24 hours of no. One hearing from him. This is far more than the historical loss of the once hawaiian capital and royal residence
Not enough he vows to help hawaii rebuild from catastrophic flames. How california is now lending an effort to stop the fires. Plus. I time ago was on front street the it . Stories of survival and tragedy this afternoon as thousands of people are still racing to evacuate the islands where history has also burned to the ground since 2018, shooting 13 notice of violation. Just answer steel. And demanding answers after a fire erupted at an oakland steel plant choking our skies with potentially toxic smoke. What were learning about the sites history of alleged violations. Now from the areas local news station. This is kron. 4 news at 3. Thank you so much for joining us here on kron. 4 news at just involvement and we will start with the thousands of people who are trying to evacuate maui right now as Deadly Wildfires continue to burn across the island. And as that smoke clears in some areas, the damage left behind by this fire can finally be assessed and that damage is significant with the
That group is down 4. 8 , because of google and alphabet, a sharp negative reaction to earnings there. A big week obviously, on the nasdaq as well, which is down 1. 4 , alphabet will be the bottom performer, but youve also got weakness today in amazon, in apple, offsetting some of the strength in microsoft earnings and tesla. When it comes to finding opportunities in the market right now, our next guest says steer clear of utilities and largecap value, bullish instead on midcaps with a eye on rolling recessions hitting a variety of Different Industries next year joining us, city Global Wealth chief investment strategist, Steven Whiting its an interesting idea to not just worry about overall recessions, but rolling recessions in industries, because what you hear and what ive tried to capture in Certain Companies and industries is very different, whether youre in housing or in travel absolutely. And look, two years belowtrend growth feels awful but its going to accomplish what a shallow
4th, 2023. Open house. Congress grinds to a halt after republicans fire their own speaker, the potential replacements and what the decision could mean for millions of americans. Sick and tired. Healthcare workers walking off the job, the largest hellcare strike ever in u. S. History, what it means for patients coast to coast. The suspect charged in the death of rapper tupac is in court today. And admissions 101. The College Application process can feel overwhelming sometimes for students and parents. A former top Admissions Officers joins us with her lesson plan. Parents want to know how to help and not overdo it. But well start this hour in washington d. C. And the chaos overtaking capitol hill. The house remains without a permanent speaker. Theres no clear replacement for the top job. Members of congress have returned home for the week. That Means Nothing will happen in the chamber until last nid next week. Authorizing more aid for ukraine. The clock is ticking, 44 days out from anot
Coming down. They havees taken a hit. Accompanied this shift for stocks, or the seeming sentiment. Shift in the bond market as well. We see the 10 year old right 2 . Nd six point as we see some money flight out of stocks. We are seeing a similar situation with bonds. This is the net change in yield for the 5, 10 year yield. Andtwo has seen the biggest the past four months. We have seen that 86 point change there. It has been much more moderate for the longer end of the curve. Now the 10 year is picking up with those changes. Gettingd stocks back to the stoxx for a moment. It has gone on the downside today. Today. Trading it was one of the big winners last year. Merck is facing a potential classaction lawsuit contending they made a deal with the generic drug maker to delay competition for their cholesterol drug. Finally General Electric continuing their slide here as it has been battered over the past few days ill and the breakdown related to the Legacy Health insurance business. We are