Nightly Business Report for wednesday, july 8th. Good evening. Im tyler mathisen. Coming to you from the New York Stock Exchange. Something happen today that has happened only a few times before. Trading stopped for nearly four hours and it came at a time when events in greece and sharp declines in china already have investors on edge. While there was no activity here at the nyse, stocks were able to trade on other exchanges. The nyse made it clear wasnt a cyber breach but rather a technical problem that caused the suspension of trading. And the department of Homeland Security confirmed, there was no sign of malicious activity. Bob has more on what it was like at the big board when trading came to a screeching halt. What started as a day concerned about greece and china turned into a waiting game, waiting for the nyse floor to open. They had connect. Issues at the open meaning issues communicating orders between customers. It was quickly resolved and didnt appear to affect overall trad
Nightly Business Report for wednesday, july 8th. Good evening. Im tyler mathisen. Coming to you from the New York Stock Exchange. Something happen today that has happened only a few times before. Trading stopped for nearly four hours and it came at a time when events in greece and sharp declines in china already have investors on edge. While there was no activity here at the nyse, stocks were able to trade on other exchanges. The nyse made it clear wasnt a cyber breach but rather a technical problem that caused the suspension of trading. And the department of Homeland Security confirmed, there was no sign of malicious activity. Bob has more on what it was like at the big board when trading came to a screeching halt. What started as a day concerned about greece and china turned into a waiting game, waiting for the nyse floor to open. They had connect. Issues at the open meaning issues communicating orders between customers. It was quickly resolved and didnt appear to affect overall trad
Home caught on tape unleashing a screaming, profanityraced tirade at his neighbor, who happens to be Kathy Griffin. Is his job in jeopardy power lunch starts right now im Brian Sullivan thanks, michelle your money is steady ahead of the fed. The dow is up about 20 points. It would be higher if it wasnt for apple. Apple, the biggest drag on the dow, reportedly admitting there are some connectivity with their new watch. We have an ipo shares of ali baba backed the Logistic Companies best up inc more than 13 . Investors are throwing in the towel on bed, bath, and beyond plunging lets leave you with some good news if you own shares of biotech firm alnylam, that stock is up 40 after a drug candidate cleared. It is all about the feds lets begin there. The countdown is on less than an hour no rate hike is expected but this is still an incredibly important meeting and announcement because everybody wants to hear how the fed is going to start to unwind its multitrillion dollar Balance Sheet. Ou
In europe, things have barely budged in most of the major markets. Cac is flat. Dax is up 0. 1 . The ftse up almost 0. 2 . Crude oil prices continued to climb yesterday. This morning giving back just eight cents. But there is a thought that with supplies in the United States experiencing an unexpected draw down, and with more countries looking like they may support saudi arabia in terms of continuing that production cut, we have seen prices that have stabilized well above the lows weve seen earlier this week. Wti trading at 47. 76. Some big corporate stories. Retail wreckage continues. Department store chains taking a major hit. Nordstroms posting better than expected earnings and revenue, but the stock dropped on a samestore sale miss. Theyre the latest Department Store to get hurt by a slump in clothing because of online shopping. Macy shares dropped 17 yesterday during the trading session after Quarterly Results missed. It was the worst day for macys shares since 2008. Well get anot
Santa rita jail the same jail where deputy khin worked. Hundreds gathered for his funeral procession in concord. Foley had a 40year career in Law Enforcement a. Well, its happened again. Two more vehicles set ablaze overnight. Investigators now worried that someone is going to get hurt. Over this past week, 7 cars total have been torched in communities as far north as martinez as far east as brentwood. Kpix 5 reporter da lin is live at the scene of this latest car fire near walnut creek. Da. Reporter both cars this morning a complete loss. Well, look at it. Not a whole lot left, just a shell right there. Now, investigators say its a serial arsonist who is setting these fires but a break this morning. A surveillance camera may have captured footage of the arsonist. Another fiery start to the morning. Firefighters responded to the car fire on Juanita Drive on the lafayettewalnut creek border just past 2 a. M. The car owner woke up to big flames and thick smoke in front of his house. You