Has been tougher for the markets to define that. We are back in the green again for the s p 500. The dow and the nasdaq remained lower. We are seeing a mixed picture. Look, defensive groups have taken over the top spots here. Health care, typically, that reflects some trepidation about Economic Growth when you see that kind of pattern. Doingre cyclical groups worse today, Consumer Discretionary on the list. There has been a little bouncing around even among the groups on the session. He does individual movers heavily weighted. Apple and disney. Apple, as we have been talking about, following a report from the nikkei. That the company was covering production of its iphone 6 over the next three months by as much as 30 . Are saying now that star wars is out and people do not have that to look forward to anymore, the focus returns to espn and some of the other weaknesses disney see has been experiencing. Low. oil is still trading julie an interesting trade yesterday. Tensions going higher
Attendees and hundreds of venters there is a lot at vendors there is a lot at stake. Our entire identity as a town is wrapped up in this, not that there was any pressure in this. Reporter there was a shooting, the violence put a stop to the event. This time, this are changes. Smaller, more security, more Police Officers and stuff like that. Reporter it spans five blocks instead of 10. No public drinking allowed and the party will shutdown an hour earlier at 9 00 event organizers wanted it to be a memorial. Violence is not the only thing that happens in parts of towns that we dont like to go. Reporter artists and musicians started a campaign. 150 people bought the shirts at the store and many wearing them tonight. We feel strongly about our love and respect for the city and we want to support the businesses that are down here even though there was a bit of violence last month. Reporter still, vendors were worried about turnout. Normally i would of made money by now and i have not. But i
46yearold in alabama on valentines day. An investigation is underway into a Police Shooting that left an accused kidnapper dead in the town of guerneville. This began with an abduction of a woman. She managed to describe the vem to vehicle to a friend who then called police. The accused kidnapper made it to guerneville before crashing. About a half mile down the road to the right there is a Community Back there. And they have a fence apparently the guy allegedly ran through the, you know, fence. Deputies shot that suspect. Governor brownish youd an emergency proclamation making the county eligible for funds to clean up from heavy rains and flooding. The creek closed a freeway off ramp in east palo alto. Officials asked the governor for an emergency proclamation at the time. Driving in today, a greatlooking afternoon. Clear and sunny skies here but not the case today. Take a look at just how foggy it was during the morning commute this, is the Golden Gate Bridge. Take a look at the san
St. Marys Basketball Program facing crippling penalty for violating ncaa rules. Why listing a ban on poaching rhino could be the first step to savin [ male announcer ] nows the time to save 5 off every day with your lowes Consumer Credit card. 9 00 coming up next. Good evening. Santa clara county supervisor george is explaining and apologizing tonight for how he spent tax dollars. He faces criminal charges and today he resigned. 7 News Reporter david has more from san jose. Reporter george junior has been elected official for a decade until today. But behind the scenes investigators from the District Attorneys Office say he was cheating taxpayers and Campaign Donor by using their money as his personal pig bank to fuel what he admitted today is a gambling addiction and depression. Hes accused of forging signatures on Bank Accounts and failing to file state mandated disclosure forms and creating a slush fund. The only person allowed to sign checks ordeal with that account was George Sher
Head in gridlock. Earlier today the president called top leaders from both sides to the white house. Simply put, republicans want spending cuts while the president wants to increase revenue while closing loopholes to reduce the deficit. Derek the president got his tax hikes on january 1. The discussion about revenue, in my view, is over. Its about taking on the spending problem here in washington. Mark republicans in the white house did come together on one issue. They agreed to keep the government running through september 30 and avoid a shutdown at the end of this month. How concerned are people about the cuts . Deborah is live now where she went to sample the sequester mood tonight. Reporter we found more ambivalence than alarm. From a noted stanford economist, open optimism. Derek this isnt the worst day of the year. Reporter hes a democrat. Derek he was preparing for the state of the union address. Reporter hes there on the far right with other prominent economists meeting two yea