
Stock Market Plummets Amidst Growing Fears Of COVID's Delta Variant
Does the huge drop in the Dow Jones and other indices mark the end of a historic run that dates back to the pandemic's early days?
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Does the huge drop in the Dow Jones and other indices mark the end of a historic run that dates back to the pandemic's early days?
It's been quite a month for San Francisco Bay Area tech guru Elon Musk. Space X has successfully launched a crew to the International Space Station and also lifted the Sentinel-6 satellite into orbit and now Tesla has helped fuel the stock market's historic climb.
While the Dow soared at the opening bell -- fueled by Pfizer announcing promising vaccine news and Joe Biden's election to the White House -- three of the cornerstones of Silicon Valley's FAANG stock engine were actually bucking the trend.
Stocks tumbled more than 942 points on the Dow Wednesday on worries the worsening pandemic will mean more restrictions on businesses and drag down the economy.
Wall Street got a painful reminder of the threat the coronavirus pandemic poses to the economy Monday, and a big early gain for stocks suddenly flipped to losses after California rolled back its reopening plans amid a spike in cases.
Stocks surged on Wall Street to their highest levels since the business shutdowns took hold in the U.S. over two months ago, climbing on optimism Tuesday about the reopening economy even as the nation's official death toll from the coronavirus closed in on 100,000.
The Dow Jones Industrial Average fell 631.56 points, or 2.7%, to 23,018.88, and the Nasdaq was down 297.50, or 3.5%, to 8,263.23.
U.S. stocks tumbled once again on Friday, as coronavirus fears continue to mount, with Bay Area tech stocks taking a significant hit.
Stocks closed sharply lower in another dizzying day on Wall Street, putting the market on track for its worst month since early 2009.
The Nasdaq fell into correction on Wednesday, with tech stocks sinking following disappointing results from Texas Instruments and AT&T.
The Dow dropped 327 points on Thursday, with selling accelerating after Treasury Secretary Steven Mnuchin backed out of a conference in Saudi Arabia.
For a second day, the stock market sell-off didn't let up. The Dow dropped more than 540 Points
The Dow plunged more than 392 points, or 1.6%, on fears about political turmoil in Italy and renewed trade uncertainty between the United States and China.
Trade war fears and a presidential attack on Amazon are rocking Wall Street.
The Dow dropped about 345 points, or 1.4%, on Tuesday, completely reversing a 244-point gain from early in the day.
The Dow surged 669 points — its third-biggest point gain in history — and had its best day in two and a half years.
Facebook's worst day in four years dragged the stock market down.
The Dow dropped 420 points on Thursday after President Trump said his administration will impose tariffs on steel and aluminum imports.
The Dow Jones industrial average closed above 25,000 points for the first time, just five weeks after its first close above 24,000.
Stocks are mostly lower Wednesday, but a big gain for Apple sent the Dow Jones industrial average above 22,000 for the first time.
Stocks soared again to historic levels Wednesday, closing above 21,000 points on the Dow Jones for the first time in exchange history.
Dow Jones industrials close above 19,000 for the first time Tuesday as a post-election rally continues to push market to records.
Dow Jones tumbled more than 500 points during Friday's trading session, dropping below 16,000 points as the financial markets suffered another day of setbacks with many Silicon Valley stocks losing value.
All that volatility last month in the stock market may have resulted in some blows to your 401K account, but for Charles Schwab, it was a boon.
California delayed or improperly denied unemployment benefits for millions of people during the pandemic because policies "do not prioritize getting benefits to workers quickly."
Two sources confirmed to CBS News that the raid was connected to White House records.
Olivia Newton-John is being remembered as an outspoken supporter of cancer research, education and early detection of the disease that claimed her life.
Her husband John Easterling announced her passing on her Facebook page.
As students returned to classrooms in Oakland for the first day of school Monday, some concerns remained regarding the East Bay school district's teacher shortage.
A helicopter delivered 20,000 endangered salmon eggs to Shasta County, in an effort to save the winter-run Chinook species struggling to survive in California's warming river waters.
A local infectious disease expert on Monday said she supports the FDA's idea of splitting doses of the monkeypox vaccine to get the shots to more people.
Police in Fremont said that a metal recycling business is at the center of a lengthy investigation into stolen catalytic converters.
California wildlife officials made an announcement on July 15 that sent shivers through the animal care community: there is a bird flu outbreak.
It's the first day of school at the Oakland Unified School District. But, the bells are silent at Parker Elementary School in Eastmont.
When the San Francisco 49ers take the field for their first preseason game this week, on the sidelines again will be team photographer Michael Zagaris, who has been photographing the NFL for 60 years, including decades with the 49ers.
A Tracy man was arraigned Monday on charges of killing 19-year-old Kalilah Winford from Alameda in July.
Officers arrested two suspects after a woman was robbed of her jewelry while walking on the street in Palo Alto, police said Monday.
A complaint about brownish-red water in Lake Merritt last week has led Oakland Public Works to inspect the water for a potential harmful algal bloom.
An earthquake with a preliminary magnitude of 4.4 struck the east of the Sierra Nevada near the California-Nevada border Monday afternoon, with shaking reportedly felt as far away as the Bay Area.
Two men are dead, including an Oakland resident, from shootings on Sunday in East Oakland, police said Monday.
A possible shooting was reported in Pleasanton Monday afternoon and police were urging people to avoid the area.
Authorities were on alert Monday for any sign of Kiely Rodni, a 16-year-old who was last seen attending a party over the weekend near the Prosser Family Campground located just north of Truckee.
California delayed or improperly denied unemployment benefits for millions of people during the pandemic because policies "do not prioritize getting benefits to workers quickly."
As students returned to classrooms in Oakland for the first day of school Monday, some concerns remained regarding the East Bay school district's teacher shortage.
A helicopter delivered 20,000 endangered salmon eggs to Shasta County, in an effort to save the winter-run Chinook species struggling to survive in California's warming river waters.
A local infectious disease expert on Monday said she supports the FDA's idea of splitting doses of the monkeypox vaccine to get the shots to more people.
Police in Fremont said that a metal recycling business is at the center of a lengthy investigation into stolen catalytic converters.
A local infectious disease expert on Monday said she supports the FDA's idea of splitting doses of the monkeypox vaccine to get the shots to more people.
When the San Francisco 49ers take the field for their first preseason game this week, on the sidelines again will be team photographer Michael Zagaris, who has been photographing the NFL for 60 years, including decades with the 49ers.
Officers arrested two suspects after a woman was robbed of her jewelry while walking on the street in Palo Alto, police said Monday.
Two men and two boys were arrested last week in San Francisco's Bayview-Hunters Point neighborhood on suspicion of crimes that include possession of firearms, police said.
Police in San Francisco on Monday confirmed the recent arrest of a suspect in a late July shooting and attempted robbery on San Bruno Avenue.
As students returned to classrooms in Oakland for the first day of school Monday, some concerns remained regarding the East Bay school district's teacher shortage.
Police in Fremont said that a metal recycling business is at the center of a lengthy investigation into stolen catalytic converters.
It's the first day of school at the Oakland Unified School District. But, the bells are silent at Parker Elementary School in Eastmont.
A Tracy man was arraigned Monday on charges of killing 19-year-old Kalilah Winford from Alameda in July.
A complaint about brownish-red water in Lake Merritt last week has led Oakland Public Works to inspect the water for a potential harmful algal bloom.
Starting next year, San Jose State University will offer students the ability to earn online degrees in five undergraduate majors.
Seventh-seeded Daria Kasatkina of Russia rallied from one set down to beat unseeded American Shelby Rogers to capture the Silicon Valley Classic championship
NFL Hall of Famer Ronnie Lott and his wife, Karen, started the Santa Clara-based nonprofit All Stars Helping Kids in 1989.
A bat that was found last month in the City of Seaside tested positive for rabies, according to the Monterey County Health Department.
Police responded to a South San Jose neighborhood Saturday morning, searching for a suspect who was in a stolen vehicle.
A helicopter delivered 20,000 endangered salmon eggs to Shasta County, in an effort to save the winter-run Chinook species struggling to survive in California's warming river waters.
California wildlife officials made an announcement on July 15 that sent shivers through the animal care community: there is a bird flu outbreak.
Police in American Canyon are conducting a review after a police K-9 mistakenly bit a bystander while a driver was being arrested following a crash over the weekend.
A collision on Lakeville Highway in Petaluma Monday morning left both drivers unconscious and injured, police said.
The City of Sausalito has settled a lawsuit with a local homeless advocacy organization that will provide housing assistance to people sheltering at Marinship Park.
Alex Wood held San Diego to three singles in 6 1/3 innings and the San Francisco Giants benefited from an overturned call at the plate to beat the sputtering Padres 1-0 Monday night.
José Suarez struck out eight over seven superb innings to outpitch fellow lefty Cole Irvin, and the Los Angeles Angels edged the A's 1-0 on Monday.
When the San Francisco 49ers take the field for their first preseason game this week, on the sidelines again will be team photographer Michael Zagaris, who has been photographing the NFL for 60 years, including decades with the 49ers.
The PGA Tour asked a federal judge in San Francisco to deny the appeal of three suspended players who joined Saudi-backed LIV Golf and now want to compete in the tour's lucrative postseason, arguing the players knew the consequences two months ago.
Seventh-seeded Daria Kasatkina of Russia rallied from one set down to beat unseeded American Shelby Rogers to capture the Silicon Valley Classic championship
Police in Fremont said that a metal recycling business is at the center of a lengthy investigation into stolen catalytic converters.
A Tracy man was arraigned Monday on charges of killing 19-year-old Kalilah Winford from Alameda in July.
Officers arrested two suspects after a woman was robbed of her jewelry while walking on the street in Palo Alto, police said Monday.
Two men are dead, including an Oakland resident, from shootings on Sunday in East Oakland, police said Monday.
A possible shooting was reported in Pleasanton Monday afternoon and police were urging people to avoid the area.
Starting next year, San Jose State University will offer students the ability to earn online degrees in five undergraduate majors.
Elon Musk said Saturday his planned $44 billion takeover of Twitter should move forward if the company can confirm some details about how it measures whether user accounts are 'spam bots' or real people.
After more than five years of litigation, Alexander Vinnik, the alleged operator of an illicit cryptocurrency exchange used to launder billions of dollars, has been extradited from Greece to San Francisco to stand trial on federal charges.
Elon Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he claimed held back necessary information and misled his team about the true size of its user base.
Twitter denied in a court filing that it had deprived its would-be acquirer, billionaire and Tesla CEO Elon Musk, of necessary information or misrepresented details about its business.
Olivia Newton-John is being remembered as an outspoken supporter of cancer research, education and early detection of the disease that claimed her life.
A local infectious disease expert on Monday said she supports the FDA's idea of splitting doses of the monkeypox vaccine to get the shots to more people.
California wildlife officials made an announcement on July 15 that sent shivers through the animal care community: there is a bird flu outbreak.
Pfizer will spend about $5.4 billion to buy Global Blood Therapeutics as the pharmaceutical giant continues to invest some of the cash influx reaped during the COVID-19 pandemic.
The 2022 Outside Lands Music and Arts Festival featured the popular Grass Lands "curated cannabis experience" for a fourth year.
FBI agents searched former president Trump's estate in Florida. Sara Donchey talked to a political analyst about this unprecedented move.
As students returned to classrooms in Oakland for the first day of school Monday, some concerns remained regarding the East Bay school district's teacher shortage.
Two sources confirmed to CBS News that the search warrant was connected to White House records.
The City of Sausalito has settled a lawsuit with a local homeless advocacy organization that will provide housing assistance to people sheltering at Marinship Park.
The bill's passage is a significant achievement for Democrats as they look to maintain their hold on Congress in the November midterm elections.
While many San Francisco residents have struggled to get the monkeypox vaccine this week. health officials shared good news early Friday evening.
A month after a group of men associated with a right-wing hate group disrupted a drag queen storytelling event, the San Lorenzo Library is responding with a show of community strength and support.
Transgender people and their allies are enraged over a decision to book Dave Chappelle, for four shows beginning Tuesday night, at the Luther Burbank Center in Santa Rosa.
As cases of monkeypox continue to rise in the Bay Area, health officials in Santa Clara County have expanded eligibility of the vaccine after receiving several hundred doses.
The number of monkeypox cases is increasing in the Bay Area and nationwide prompting a call for action from members of the gay community.
Olivia Newton-John is being remembered as an outspoken supporter of cancer research, education and early detection of the disease that claimed her life.
Her husband John Easterling announced her passing on her Facebook page.
The 2022 Outside Lands Music and Arts Festival featured the popular Grass Lands "curated cannabis experience" for a fourth year.
Stockton-based rap artist Young Slo-Be was slain in a shooting Friday morning in Manteca, police said.
The director behind the acclaimed Los Angeles heist drama "Heat" and the upcoming "Ferrari" (now in production in Italy) talks about his fascination with cities, and his new novel, "Heat 2," which translates his cinematic obsessions to the printed page.
Imagine getting a bunch of tax documents telling you and the IRS about a large sum of money you made when, in fact, you never received a penny of it.
Many in the Bay Area want their Ukrainian relatives to find safe haven here but the obstacles they're facing are formidable.
The state of emergency that San Francisco Mayor London Breed declared for the Tenderloin last December has a lot of people talking but no one is paying closer attention than the people who live there.
One of the hottest real estate markets is not in the Bay Area. In fact, it's not even in our world. It's at your fingertips in an alternate reality known as the metaverse.
A group of Bay Area scientists have unraveled some surprising secrets about post traumatic stress disorder or PTSD which one day could lead to better therapies and treatments.
Betty Yu spoke to protesters outside the San Francisco Federal Building who want the government to speed up access to vaccines and treatment.
FBI agents searched former president Trump's estate in Florida. Sara Donchey talked to a political analyst about this unprecedented move.
Some 20,000 salmon egg arrived by helicopter to the McCloud River in an effort to save the winter run Chinook species and restore a tribe's history. Wilson Walker was there for the delivery.
KPIX 5 Evening News headlines for Monday, Aug. 8, 2022.
Looking back on the life of singer, actress, activist Olivia Newton-John, Devin Fehely tells us her personal struggle with breast cancer made her an inspiration for millions.
He's unofficially known as a "go-to" person if you need to know anything about disaster preparedness at home.
For more than 36 years, Reymundo Espinoza has led an effort to expand affordable health care for some of the poorest people living in the South Bay.
Peninsula resident Delfarib Fanaie won the Jacqueline Kennedy Onassis Award for service to local communities thanks to her efforts fighting childhood poverty.
A San Francisco woman has helped keep alive a vibrant art community in the Hunters Point Shipyard neighborhood.
A cancer diagnosis is something that's difficult to prepare for, if not impossible. One retired Bay Area doctor uses his expertise to ease the recently diagnosed out of that initial period of shock.
Giving back to others should be a priority for all of us. It is for Jennifer Juarez Yoc, who looks to faith and family as inspiration to serve others.
Sharit Cárdenas López spent their childhood watching their mother struggle to support a family on less than what many of us spend on luxuries every year.
In 2019, the CDC reported that 60 percent of adults have experienced at least one incident of significant childhood trauma. Bianca Yarborough is one of those adults, but she's turning that pain into positive motivation for helping others.
Alex Arango is using his musical talents to tell his personal story and honor his cultural heritage. So when you hear him play, it's hard to believe Arango couldn't read music when he joined his high school's band.
A Bay Area woman who experienced deadly violence in her childhood home is now on a mission to help others secure their digital footprint.