Good morning, everybody. Welcome to squawk alley. Im Carl Quintanilla with jon fortt a fortt. Weve seen risk off behavior in europe we watch both covid19 developments and system husband hopes. Dohm is going to break this down to start the hour. We were down in the early parts of the session so far. Just after the opening bell. 300 point decline. You can see here were still hovering near. 75 decline for the dow and s p 500 about 1 p as it has been for the past couple months now, the nasdaq has really been the outperformer or underperformer on down days as you can see here. Continuing in that trend today 11,616 there 1. 25 declines overall take a look at the nasdaq so far, were still continuing to kind of hover near the record high levels. Not so far away from them right now. Finding some support over the last couple of months here with the nasdaq now down 1. 3 there still is a renewed focus on many of the Technology Names that are driving some of the action for instance, the momentum tr
West wind at 11. Right now a very, very shallow and kind of foggy marine layer that is kind of really stuck at the coast and trying to push into the bay the next couple hours and quickly move back to the coast keeping you in the 60s and 70s and the rest of us in the 80s and 90s this afternoon. Reggie . Thank you. Today we expect to get an update from cal fire to talk about how widespread the glass fire got overnight. Jobina fortson at the live desk with details. Jobina . Reggie. Cal fire will give that update from the Sonoma County fairgrounds at 11 00. Ee wie will stream it on our ma. Yesterday governor gavin newsom declared a state of emergency in napa, sonoma and Shasta County for the explosive wildfires burning out of control. This will help direct more resources to the fire fight. Governor newsom said he also sent a letter to President Trump asking for fire assistance grants. Heres where the glass fire is burning right now in napa and sonoma counties. Its scorched more than 36,000
Pg e is preparing for power shut off this fire season, but they vow that this year will be different. California Public Utilities commission and pg e will hold a meeting this morning on the companys preparedness for the upcoming shut off. The press democrat report says pg e will cut the number of customers to lose power down by onethird because it made smaller sectors in the electrical grid. Many states grappling with covid cases and businesses struggling to stay afloat, the medical community is forging ahead on their search for a vaccine. Today in the bay Cierra Johnson is live in San Francisco to explain where researchers are in that search. Cierra, how can they be a part of it . Yeah, definitely. Were going to have more information and as those researchers are working to find that vaccine that uses that type of technaology, that new Type O Technology theyre looking for a group of people to go forward with the study. Africanamericans and latinos this call for participants being made
He is the author of the recent New York Times bestseller callsign chaos, learning the lead. Joshua over is the constantine chair in the school of humanities and sciences. Specializing in the areas of ancient and modernpolitical theory and historical institutionalism. We as a secondary appointmentin the department of classics and currency appointment in philosophy. His most recent books is entitled there marvelous, democracy before liberalism in theory and practice published in 2017. His work focuses on the theory and practice of democracy and the politics of knowledge and innovation. I run skinner is the Campbell Research fellow at the Hoover Institution and professor of International Relations and politics and director of the institute of politics and strategy at Carnegie Mellon university. Prior to the recent return to academia he served as director of the office of policy planning and senior policy advisor for the secretary of state at the Us Department of state. Her areas of expert
In the bay area specifically, there were more than 24,000 cases and 574 deaths. Hospitalizations across california also continue to rise. 100,000 new covid cases a day in the u. S. , more than double our average right now. That is the prediction from dr. Anthony fauci, is telling us we have to do more. Sara zendehnam joins us live with more on his testimony. Good afternoon. Reporter good afternoon, mike. The focus on the Senate Committee hearing was post how to safely reopen schools and businesses and they did talk about that. They gave us an update with alarming new numbers. Dr. Anthony fauci was joined by the heads for the center for Disease Control and convention. The. The fda and the department of health and Human Services on capitol hill for this three hour long hearing. Talty testified he would not be surprised if the country seas 100,000 coronavirus per day. There are 40,000 new cases per day per 10030 counties across the country with coronavirus hotspots. California is one stat