Off. s make a bad combination in place tonight, excessive heat, driver dictation and now diablo wind. Good evening, everyone. Im frank somerville. I am julie haener. To try to prevent fires, theyre taking a protective step to the first time this year and shutting off power. They confirmed the shutdowns are already underway, they are scheduled to happen between 9 00 and midnight. A total of 100 they confirmed the shutdowns are already underway, they are scheduled to happen between 9 00 and midnight. A total of 172,000 customers in 22 Northern California counties are affected, that includes the east side of santa rosa and Sonoma County and the calistoga area in napa county. Power is expected to be restored no later than wednesday evening. We have Live Team Coverage on the weather conditions, greg shows us how people are coping with the recordbreaking heat. Deborah gives us a look at how people in the north they are bracing for the power shut off but first lets go to our chief meteorologi
On that. Charles, thank you. Whatever the answer, right, the markets are showing extreme optimism as we head into the final hour of trade. New vaccine hopes are adding to the mix and yes, right now, the dow is topping 28,000 by a single point. The nasdaq, back above 11,000. We are at 11,044. The s p is moving higher by 1. 33 after two straight weeks of selling. Oracle says its won its tech battle against microsoft to partner up with the chinese social media superstar tiktok but at this hour, Chinese Media saying yeah, but you didnt win the war. Top tech analyst colin gillis on whether oracle is getting snookered and Charlie Gasparino on those now crying crony capitalism. What does the latest Covid Vaccine progress mean to some of the pandemic stock superstars . The ceo and cofounder of okta is here on whether a return to work will cut into all the business hes done in the lockdown era. And the nfl is back and with it comes an explosion of gambling apps. One of the biggest digital sport
Complacent well debate that and your next money moves. Liz young is with us, and a tipper mcgee, Institutional Investment services group, and she is a new cnbc contributor. We will have the hazing ceremony, tiffany, in just a bit. Meanwhile, a check on the marks. Nasdaq against hitting new intraday highs, but the nasdaq doing a bit of a uturn, now down 28 points or about 0. 25 of this hour as some growth names like tesla and apple drop. Well talk about them in a little more detail steve weiss, id like to begin with you i read a very persuasive note that talked about reasons to stay invested. If you bet against this market, you are bankly shorting two things you are shorting the fed and you are shorting science, i. E. The hope that a vaccine will come along. You want to short those two . I dont think so steve . So, my observation that i sent to you this morning were that the markets momentum market, and if you disregard fundamentals, which the market is doing in large part, or at least
Close proximity to a president ial election. We will hear from him throughout the day and the focus will turn to the jobs report. After u. S. Unemployment claims figures even this reading of the labor market we will be joined by larry kudlow from the white house for his reaction. Lets get to our main markets story. U. S. Stock futures continue their slide after the main gauge clocked its biggest plunge in three months, tech shares took in a selloffeating that knocked down the highest flyers. To put it all in context is dani burger. 750 billion wiped off the nasdaq, a painful day especially for a lot of the retail favorites, like tesla, falling down. Let me show you how this breaks down the chart. I want you to concentrate here, the nasdaq composite versus the s p and the equal weighted version. You can see most of the past month on the way up the nasdaq leads. The green day is the biggest so far. This little chunk at the end of the chart, you can see the biggest chart is the nasdaq fal
Temperatures just as hot as yesterday with no relief in sight. A few spots warmer than we were 24 hours ago. A live look at the oakland estuary. We have a haze in the sky that continues. Expect hazy conditions and poor air quality over portions of the bay area. When it comes to the advisories, the start of the weekend, they continue until 9 00 tonight. The heat advisory is for the coastline with the excessive heat warning for the bayside as well as the ballot in the hills. This will expire tonight and in its place heightened fire danger to talk about. Take a look at the numbers. 97 degrees right now in novato. 101 in concord. 101 in livermore. 98 in the san jose. Especially inland cities, 510 degrees of warming expected by the end of the day. Around the bay, we will continue to warm as well. As far as the 24 hour temperature change. Half moon bay down by 9 degrees. There is hope that we are seeing a transition. East bayshore are up by 5 degrees over oakland. In his bay as well is a nor