On twitter or facebook. Lets start with yesterdays hearing. Chairman of the house judiciary antitrust subcommittee kicking off this hearing in the opening remarks saying that he believes these Companies Need to be reined in. The practices have armful economic effects. They discourage entrepreneurship, destroy jobs, and degraded quality. Simply put, they have too much power. This power staves off new forms of competition, creativity, and innovation. While these firms produce individual products, the dominance is killing Small Businesses, manufacturing, and dynamism that our engines of the american economy. Several firms harvest and abuse peoples data to sell ads from everything to new books and dangerous miracle cures. They cant run away fast enough. There is no escape from the surveillance because there is no alternative. People are stuck with bad options. Open markets are predicated on the idea that if a company harms people, consumers, workers, and Business Partners will choose anoth
Are in the pool business. 40 to 50 percent busier than the year before. It seems during a recession, pools are the first to go, but during a covid pandemic, Denny Williams with pool professionals says business couldnt be hotter. It appears as though with the virus situation that people are tending to focus more on their backyards and worried about vacations. Denny with pool professionals telling me a lot of people are installing new pools, resurfacing thols, addingtheir pools, in preparation for a long, hot summer ahead in their backyard. By the way, the breeze has started which feels quite nice. Any relief from the heat. Its 100 degrees right now in fairfield, its 96 degrees and livermore, 97 in concorde, 90 two in san jose and 83 in sfo. The downtown temperature in San Francisco was 78 degrees but the high did get up to and even a little bit above 80 and still 85 degrees in oakland, the only relief, Half Moon Bay at 61 degrees. The heat advisory continues not just this evening but to
Liquidation still to come . Commodities up in selling. We are going to speak to bob dudley of bp. Matt, lets talk about these markets and figure out what is going on. We know it has been ugly for equities. Australia down by 3. 2 . Roughly. I down 10 futures are making a comeback a little bit. Interesting to see the chinese taking a little bit of action. Maybe to limit the losses for investors there. Keep an eye on what is happening with the dollar. Lets show you what is happening in the commodities space. We are about to speak to bob dudley. Brent is trading down. By. 86. The bloomberg Commodity Index is down by. 3 of 1 . What we are seeing is a move down. Weve got a half hour to go until the start of european trading. Matt take a look at futures. It looks rough. When you look at european features, we have seen a recovery in s p 500 futures. 2 . Own only remember, they were down only. 09 yesterday. Is. U. S. Markets, that european features still down. 3 in someture down change. Dax fea
All seems beautiful to me. Good morning bay area. Lets get up and get going. This is abc 7 mornings. Fireworks explode along San Francisco ringing in 2017. Hundreds of thousands of people lined the street for the event and it seemed like everyone decided to leave at once. Huge traffic jams lasted into the Early Morning hours. But this morning the streets are quiet as the new year begins. Good morning. Its sunday, january 1st. Happy new year. Lets start with a quick look at the weather with lisa. Lisa, happy new year. Thank you. Same to you. It looks nice with the sunshine but we have fog in the north bay and clouds around the bay around. Youll notice the precip to the north. Thats a cold weather system headed our way and a Winter Weather advisory for lake county. Sano ma in the 30s. Sunshine throughout the day. Cool, breezy. Showers towards evening and overnight with the cold air in place and snow levels down to 1,000 feet. Well talk about a wet week ahead. Breaking news out of los ang
Publics interest in this case, and we wouldnt be here without him, so richard drax. The sun is shining and clearly on the righteous. Justice has been seen to be done. I have a message for our armed forces. Those who serve in thepline have put their lives at risk. Indeed, even Brave Police Officers back here and we remember keith palmer who was killed just the other day all those who serve between us and evil deserve out serve between us and evil deserve our support all the time. And my message to those out there who serve in sucha message to those out there who serve in such a way is you will not. We will fight forjustice to ensure you get home as quickly as you can to your loved ones. I pay tribute, huge tribute to the legal team, the family of the Royal Marines and im am so proud to be standing here today to the Royal Marines. All the Senior Officers who stood by us and there are many and all of you, the press and of course all the Royal Marines who have come down, right around the c