Than a fewp more percentage points. When you look at the s p 500, we are not close to oversold conditions. We are not elevated but when you look on an aggregate basis, we are below that line where people start to get worried about a potential for things being too overenthusiastic. The major indexes have recovered, the s p gaining 1. 7 . Last week, it had declined. Were back on the slow glide higher. What are you watching . Asked fed next wednesday and i am thinking about bonds, 10 year yields in particular. The 10 year yield the last four weeks it has closed down three out of those higher three out of those four weeks. Bonds are sliding into the fed, perhaps making the case that the rate cut is priced in. This is a longterm chart. You see the great bond bull market. There is two different trend channels, the 10 year yield bouncing off of the higher when. , ithe tenure you hold 2 suggests that any rate cut or future rate cut may be priced into some degree as this happened in the past wi
In the u. S. There is a pileon as well. Stocks are close to records. The president is to have a rally and brag about the records. There is still the tweet fallout that the white house has to dial. We have blake burman. Reporter this will resume this evening in greenville, North Carolina, where President Trump hits the road to later tonight for a Campaign Rally there. The president saying earlier today, he will talk about the economy. He will talk about the stock market. But he also tweeted the following saying i will also talk about the people who love and hate our country, mostly love. Of course the president ing to these four Democratic Congresswoman who have been embroiled in this back and forth feud with the tweets and comments he subsequently made. Democrats call the president s tweets an comment racist. Republicans are trying to turn the attention to the policies and controversial comments that some of these congresswoman have made in the past, coming to the defense of the presid
Shanghai and tokyo were moderately lower the nikkei finished down by almost 0. 9 . The shanghai was down by twothirds of a percentage point. This comes as we were getting manufacturing data out of china showed theyre still contracting. It was better than anticipated the number was 49. 7. That was better than the 49. 6 anticipated. Still below 50 in hong kong, the hang seng was down 1. 3 . Trading was cut short there because of an impending tropical storm. Markets were normally close at 4 00 p. M. Were suspended for the second half of the day this morning there are a mixed picture. The dax is up. The cac is up slightly the ftse is down a bit finally look at whats happening here in the treasury markets the tenyear right now ahead of that fed meeting, 2. 054 lets look at whats happening with gold. That could be a mover after todays fed decision gold is up more than 10 in the last three months. Apple big number of the week and its our top corporate story. Earnings and revenue topped estima
Mid 80s inland and by later on in the afternoon we are still in the 90s. So the heat will be today, the hottest day of the week, looking at 80s and the bay and the cooldown not until monday. We will talk in detail about that in a few minutes, chris. Lisa, thank you. New overnight, one person is in the hospital after a big rig crashed and rolled on to its side on highway 101 in San Francisco. It happened just before 12 30 in the southbound lanes near zuckerberg and vermont street, known as the hospital curve. The crash closed three of the four lanes. It is now reoped. Happening now, Tropical Storm barry is closing in this morning. This is a live look at louisiana where the storm is bringing 65mileperhour winds. Barry is expected to make landfall after today as a category one hurricane. The most dangerous threat is the chance of extremely heavy rainfall which will cause major flash flooding this weekend. As much as two feet of rain is possible in louisiana. Some of the rain will expand i
But for mount tam a pretty sunrise on the way. Looking at the clouds clearing to the coast. 60s there midday. We will look at mid 80s inland, upper 70s around the bay. 90s have arrived since yesterday inland, continuing today, 80s around the bay with cooling on happen for the second half of the weekend but today will be the hottest day of the week. We will talk about the up isser time spread from the coast to the inland valleys and the week chris. Lisa, thank you. New overnight, one person is in the hospital after a big rig crashed and rolled on to its side on highway 101 in San Francisco. It happened just before 12 30 this morning in the south bay lanes near Zuckerberg San Francisco General Hospital and vermont street, known as hospital curve. The crash closed three of the four lanes. They have since reoped. It is unclear what caused the truck to crash. Happening now, Tropical Storm barry is closing in this morning. It is a live look at louisiana where the storm is bringing 65mileperh