David time for our daybreak first take. We discussed the top three stories of the morning. First up, equities on the rebound. Second, the outflows from the bond funds. Rd, dreamers did not third, dreamers. They did not get to an agreement in the senate. Michael mckee, we want to start with u. S. Stocks. We are back where we started the year, despite the turmoil. U. S. Stocks are where they started the year. Much. An stocks, not so they have lagged behind. Are we in the midst of a rate hike tantrum. We had seen a thin reaction. There are two points here. Performance in five years, that is silly. We went down, we went up. If you are looking at this, you the to see, not so much absolute level, but what kinds of things are being bought and what is being sold. Other assets are highly risky. Did come in and clean out the safelyso you can more move up. Make the case that equities can still rise. What happened the last couple of weeks, was it a tantrum or did weeks the constructive moves . Has
Alarm fire in old city firefighters are still on the scene and residents not allowed back in what remains of their home. Tonight the work continues to make sure this location is safe. Sunday night and the big story on action news is a continued battle to secure the scene of an Early Morning fire that went to four alarms before firefighters were able to get it under control. More than 160 people had to be evacuated from apartments and nearby hotel rooms and tonight firefighters remain on the scene. Action News Reporter Annie Mccormick is there and joins us live with more, annie. Reporter that is right tonight this still remains an active scene and behind me this black is considered a collapse zone firefighters will be out here through the night investigators cannot get inside yet to determine the cause and where exactly the fire began. Just after 3 00 a. M. The four alarm blaze broke out at third and chestnut 150 firefighters tackled the fire. We were in the right places and to keep it
Police car. The raids come after the oakland mayor tipped off people in her sanctuary city that federal immigration agents were Planning Operations across the region today. We have live coverage from rob malcolm, what have you learned . Reporter yes, President Trump threatened to pull ice agents from california, and the recent video shows pretty much just the opposite is happening. The mayor stepped out today defending sanctuary cities and also the rights of immigrants. In a bold move, the oakland mayor libby schaff said the announcement wasnt meant to panic residents, but to help them. She was told told ice was planning several raids today. My priority is to keep this community safe. Its not my wish to panic people, but to ensure theyre prepared with information. Reporter despite the mayors warning, there were reports that agents already conducted raids and detained several people in napa county. This is video from a previous raid, and advocates for immigrants already on high alert, s
Making up for it with the bat, franco. Not enough. Phillies lose 83. Its early in spring training. Exactly. The games dont count. But they need franco to bring that bat up to philadelphia. Thanks, jeff. The Public League of philadelphia, boys and girls championship games took place today. The first time the championship game, both have been held at the polestra in 20 years. They will face off against the Philadelphia Catholic League next month. Want to stop the robocall calls from you . Theres an app. President trump welcomed many of the nations governors to the white house for the annual governors ball. Rick scott from florida, a trump ally, is in town. He will be discussing the massacre with the governors tomorrow. Long time u. S. Senator Dianne Feinstein will not receive the endorsement of the California State Democratic Party seeking reelection. She received support of 37 . 64 supported her 54 support ed her opponent. 60 is required to get the california state democrat endorsement.
Economy. At 9 00, mario draghi speaks to the European Parliament. At 10 00, will get the data for new home sales. Alix we will take you through the top three stories. Xi forever. Also we have a bond bear, bond cold situation. Morgan stanley says by. David to go over it all, we are joined by lisa abramowicz. Xiant to go into thisx forever. The committee announced that it proposed that is limited the president to two terms. This is in vance of a parliament meeting. This is in advance of a parliament meeting. That is growth not that growth of gdp but the rate of growth of gdp. Blue line is the shanghai composite. That is level. He hasnt done to better job. Lisa they love him and he is trying to cement his putin like status. He is in a second fiveyear term. He is in his mid60s. There are a lot of questions. He has a heart attack ahead of him last month a lot of he has a heart attack ahead of them right now. Stocks and bonds in china are rallying because of Political Uncertainty is viewed a