Up pressure. A big thing the marked is watching into the weekend, stimulus negotiations in washington they appear to be stalled with no breakthrough yet. But that could change. We have 59 minutes left of trade. We do sara, as i know you were equally with me on this, we also happy birthday wishes to closing bell and power legend bill grijive who shargri griffith who shares our birthday and mrs. Carl quintanilla. It goes on and on this great seventh of august. Popular day great day it is because of them, not us. Coming up on todays show, tensions ramp up between the u. S. And china, well speak with i ian bremmer and why a worldwide depression is coming plus, the weeks storm driven Power Outages have been a major headache for people working at home. But they gave a boost to a generator company. Well speak with the companys ceo in a few minutes lets focus on the big stories that were walking mike santoli is tracking a volatile market session. We have the latest developments on the stimulus
Certain tariffs. Not just a trade deal, but actually removing some of the economi existing tariffs earnings continue to lead us higher just a bit. We have names like kroger and tapestry, the old coach beating expectations joining us for the entire hour is a man you know well, steven weiss from Short Hills Capital partners steven, good to see you down here at the New York Stock Exchange good to see you brian good to see us both heres the thing, earnings, trade, maybe just general positive market sentiment. One of those three or maybe something else, that has been the primary driver for what has been a nice little run we are up nine of the past eleven sessions on the s p 500 i think there are multiple drivers to the market. Trade being the most important and the most dominant. You can see the correlation. For those who say that trade is all in the market, thats clearly not true because when you get positive news coming out, the market ticks up when you get negative news, it goes down. So
And uc davis. She was one of the 58 who was killed in las vegas. Rob was at the vigil and tells us many People Struggle to find words. Reporter we had a small crowd. About 100 people. Some of them are still here. Many of them struggling to find words to describe the life of michelle. They did say her spirit will live on. In the face of this tragedy. They came with pictures candles and love in their hearts. Difficult words tonight came from the older sister of michelle bowe. She called me at 1 00 on sunday. I was busy. I regret not picking up the phone. I called her back. And she said she said i will call you back later. Reporter michelle lost her life that night. She was full of life. Love to travel and work as an Insurance Agent in los angeles. Those who knew her say she had a lot more to accomplish before her life was cut short. I think everyone who died had all that plan for them. Reporter while las vegas mourns San Jose City hall rotunda chosen for the vigil because it represents u
Christien kafton. Now heading towards new orleans, the area is bracing for impact as memories of Hurricane Katrina linger on there. We are tracking the path of the storm along with the damage its already caused in Central America. Lets take a look at what our local forecast looks like, rosemary joining us now, nice out will. Oar there. Oh, yeah, today. Patchy fog out there this morning, temperatures will be similar, perhaps just a tad cooler for some along the coast. We are expecting the sea breeze to return later today. There is a look at the golden gate bridge. Well continue to see temperatures on the warm side for our bay area coast as well as inside our area. We will continue with a High Surf Advisory, its into saturday that should not say friday. But sneaker waves, as well as possibility of rip currents and again the high surf will last until saturday evening arrives temperature wise upper 40s. Low 40s in santa rosa, a lot of 50s around the bay. 50 in oakland. 55 sfo. A chilly 41
Its components, in terms of visa reform, Border Security, the wall, all of these things in a system of priorities. And right now, the priority is to make sure that folks who present a Public Safety concern to the United States are dealt with first, and thats what happened. He is also very pleased through his action and his vision for how he wants to move forward on this see a huge drop of illegal border crossing. That is a big accomplishment for this presidency, and something were obviously very proud of. I understand. Ive just walked through the question. Jonathan. Sean, how consistent are you that there will not be a shutdown . Can you guarantee there will not be a government shut down . I cant guarantee. But i think that the work that director and others have made in these negotiations has been very positive. They feel very confident that that wont happen. So he wont insist his priorities get funded on the border wall, increased security thats not what i said. I said that i think wi