The two front runners, trump and joe biden, youll be headed to the hawkeye state. In one speech, biden will absolutely unload, president , thank at one time, as it relates to tariffs, trump doesnt get the basics. He thinks his tariffs are being paid by china. Beginning students at iowa or iowa state could tell you that the American People are paying his tariffs. The cashier that targets to see whats going on, they know more about economics than trump. You also say the president is extra essential threat to this country. Sarah sanders was asked about it earlier today. This was her response. Joe biden has a lot of questions, he needs to answer himself. The idea that he would take the president causes any type of threat, he was part of the administration that allowed russia to interfere in our election. On the arrangement with mexico, fox is being told not that there was a deal in place with mexico becoming a safe third country but that is not the publicly announced by the administration.
Been if america had not had, as it does, an oil glut. It would have been a much bigger price spike. Thats the upside, i guess, of energy independence. Now, whats happening in oil has not had a negative impact on stocks. We are still looking at a gain for the dow, what, about 90 points, up about 34 on the nasdaq. Part of the dows gain is fueled by the Big Oil Companies which do well when oil prices rise. This tanker story is a big money story. We are all over it. And theres a lot going on. We will keep you in touch with it. Elsewhere, ah, Bernie Sanders outlines his definition of democratic socialism. We will break that down for you. Not literally. The president is setting the political world on fire. He says he would accept information on political opponents from Foreign Governments. Theres a shocker. Connecticut, can you believe this, they are in dire financial straits and they are raising taxes on everything. I mean everything. Varney company is about to begin. If foreigners, if russ
Manufacturers added 22,000 jobs in may. To my panel for reaction we have mike murphy. And stephanie, you have been cautious on earnings. It wasnt a surprise to you to see the numbers coming in weaker than expected, waits. Obviously employment is only as good as profit growth. We are in a process recession accord together Government Data reported last week. The fourth square and First Quarter her negative. So we are clearly in a process recession. I think what we have seen is Pricing Power has been incredibly low for most of corporations. And they had this situation where prices have been going up faster than the ability to possible them on to consumers for almost two full years. So we are starting to see that impact profit and a lag employment. I anticipate the trend will continue. I dont know that well see numbers like we you a today. But well see satined deceleration in employment and wage growth or the course of the year. Maria you think things are slowing. The news was weaker than
None of the other 20 or so candidates is even in double figures. Well, actually polls at this stage are not very reliable, but biden also leads in the polls in the early voting states. In iowa where the first votes will be cast in february, the most recent Des Moines Register cnn poll put him eight points ahead of sanders. Yet, there are warning signs. That iowa poll of likely caucusgoers showed his support has stalled since he entered the race while support for senator Elizabeth Warren and pete buttigieg, the mayor of south bend, indiana, has risen strongly. And bidens been treading through some political minefields on the campaign trail. His latest misten came a week ago when he said, first, he continued to support the Hyde Amendment. Youll remember thats a decadeslong piece of legislation that forbids the use of federal funding to support abortions. But after an outcry, he quickly backtracked and within days said he now thinks the federal government should, in fact, fund abortion. T
A historic move, the port of oakland voted to add the words San Francisco bay to its title. The controversy thats looming as lawsuits have been filed. Plus californias financial future under the microscope. Governor newsom expected to reveal an updated budget this morning. But with a projected deficit thats likely grown since earlier estimates. Well explore what this means for the states economy. Live from jack london square. This is morning time two. The nine today. Its friday, may 10th. Were looking live at the south bay here from our camera, which is on a hill in the east bay looking south. And you can see the San Francisco bay, the salt marshes and a very nice looking day. Were going to talk about the weather and what were expecting for the weekend. Coming up, the oakland zoo is welcoming a new baby giraffe and they want you to help. Name him. The new giraffe is exploring his space and getting to know his five herd mates. The 13 month old male came to oakland from the Audubon Natur