Field tonight. A treasure trove for lawyers and hint, hes mad as hell and hes not going to take it anymore. Varney company is about to begin. Lets get to it. The markets, that is. Were going to be down at the opening bell, 70 or 80 points, were all over the selloff, how bad is it going to be and we will be asking that question for three hours. The price of oil bouncing no, not bouncing down, back at 40. 87 per barrel, again, were looking to see if it drops below 40. Were showing 39 on the screen at some point today. Well see. Gas, good news, the pace of the decline in prices is picking up steam, down about two cents overnight. And big names, we talk about it every day and boy did they get beaten up yesterday. Do you buy now . Here is the closing prices from yesterday. Netflix, 112. Apple, 112. Facebook 90, amazon down to 515. Jo john, taking a vacation from his mansion in bermuda. Are you going to reassure our viewers that maybe this is the time to buy a few bargains . Not necessarily
52. 74. Creeping up to 53 here are the big stories were watching roku will make its public debut on the nasdaq. Roku priced shares at 14 each thats the top end of the expected range it has a market cap of 1. 3 billion. Rok lush roku wi tra under roku. Roku founder and Ceo Anthony Wood will be on squawk box this morning and rovio, the maker of angry birds video games will price later today. The Senate Intelligence committee calling on facebook, twitter and alphabet to testify at a hearing on russias role in the 2016 election. The hearing is november 1st. Alphabet and facebook have not said if they will attend Mark Zuckerberg hitting back at President Trump who claimed yesterday that the social Media Company was always antitrump. Zuckerberg posting on facebook, trump says facebook is against him. Well, liberals say we helped trump. Both sides are upset about the ideas and content they dont like thats what running a flat form for all ideas looks like zuckerberg said he regrets comments he
Did. Even with a number of developments out of washington, investors were focused on the possibility that corporate profits will be strong this quarter and that Global Economic growth will continue to improve. Today the Dow Jones Industrial aver rose 30 points to 22,871. Nasdaq was up 14 to that record. The s p 500 added two. For the week, all of the major indexes were higher. The maet risen even more today if not for the decline in the health care stocks. Shares of hospital operators and insurers were lower after President Trump said the administration will immediately stop making subsidy payments to Health Insurers that sell plans under the Affordable Care act exchanges. Those payments are used to offset the cost of coverage for lowincome people. As Bertha Coombs explains, that leaves a lot reporter President Trump says hes cutting off what he calls subsidies to Health Insurers. That money is going to Insurance Companies to lift up their stock price. And thats knonot what im abou. Ta
Broadcoms higher by 4 . Meantime the gop tax reform bill has been revealed former fdic chair sheila bair will join us to talk about the impact that new plan could have on the Financial Sector. Meantime the housing recovery is, its recovering a bit today after getting hit hard on the news of the mortgage Interest Deduction cap that the new tax plan proposes. We got someone, though, who says this is a major buying opportunity for that sector. And he will explain why coming. We start today with apple. That stock hitting all time highs as the iphone X Hits Stores today josh lipton is at an apple store in, where else, palo alto. With the latest. Josh reporter well, bill, i can tell you the first guy on line here at this store right behind me actually arrived on tuesday night. I also ran to another, someone i met with the iphone 8 launched, he was back here today he was going to give his 8, he told me, to his sister hes going to pick up the iphone x. We asked fans online why they were excite
From hayward to foster city. We are getting first reports of possibly a six car accident and this is along westbound 92 on that connector ramp to northbound 101. So that is going to create a big backup. Well continue to monitor that as well as the rest of your ride. A few slowdowns out of antioch 47 minutes into hercules and we continue to track this crash along southbound six six. One lane blocked at [ indiscernible ] avenue. I dont see any backups from this accident. Hats a check of your traffic; over to you. For the entire month of may we have not seen any rain from the storms. Sure, we have seen some condensation, some drizzle associated with the marine layer but this morning, see the green on the screen . Thats rain that pushed through the east bay and Santa Clara Valley between 2 and 3 30 a. M. Leaving in its wake mostly cloudy skies. We can see about 40 to 50 miles from our kpix 5 studios. This is a tremendous view from sutro tower. Were looking to the north. You can see a coupl