Commute through the southeast valley with the bulk moving in right now. Apache junction is getting in on the rain, too. The rain changes will stick around this morning with a slight chance of storms later. Ill break down the hour by hour planner in a few minutes. All right, iris. Well start with a shooting situation in phoenix. Overnight, Police Officers were calling for the shooting suspect to come out with his hands. The apartment they had surrounded. We brought to to you as breaking news last night at 10 00. Many of you called the newsroom asking. Shots were fired at 48th and broadway. Two people were shot, one seriously injured and the other is expected to survive. Officerssay that no witnesses are cooperating. More breaking news. A family in shock as their phoenix home and the circumstances are suspicious. Well pinpoint it on the map for you. Justin pazera is live in phoenix and you just spoke with the family members is my ing. What are they saying . Reporter hey, chris. I just sp
Little chilly out there. It is. Were seeing temperatures this Holiday Weekend about 5 to 10 degrees across the valley. Not much change in the forecast, at least for the day. You have clear skies with the mostly clear skies now. San jose patches of low clouds. 47 degrees to start the morning off in the north bay. Recovering in the low 80s this afternoon. Mid 80s around the trivalley. Low around the south bay today. Were talking about 90s in the forecast for the valley. 70 around San Francisco. Well have a look at the sevenday forecast in a few minutes. Thank you, rob. Breaking news spanning several bay area cities. Car thieves are to for a series of crashes that shut down a busy freeway through the east bay overnight. Pete is joining us live with what authorities are telling us as what started out as stolen cars, pete. Reporter yeah, good morning. A stolen car from a dealership here in fremont. We have some of the video to show what happened. According to chp theyre saying a suspect ini
Under barack obama and Hillary Clinton defense spending is on track to fall to its lowest level as a share of the economy since the end of world war ii. We currently have the Smallest Army since 1940. The navy is among the smallest it has been since 1915. It is 100 years ago. The air force is the smallest it has been since 1947. When Ronald Reagan left office the navy had 592 ships. When barack Obama Took Office it had 285 ships. Today, the navy has just 276 ships. The average air force aircraft is 27 years old. We have secondgeneration b52 bombers their fathers. The same plane they are flying right now. This is not the United States. Our army has been shrinking rapidly. From 553,000 soldiers in 2009 to 479,000 soldiers today. Some decrease. You want to make it smaller. In 2009 our marine corps had 202,000 active marines. Today it is 182,000. Our ship count is below the minimum of 308 that the navy says is needed to execute its current michigans at a minimal level. President obama plan
Estate loans. Should the government pay more attention to art lending . I love this story. A new report says sothebys and its lending arm could be creating a shadow banking system. To hide laundered money. Crazy. Robert frank will be along to talk about that in a little bit here. A settlement for Gretchen Carlson, the fox news anchor claiming she was a victim of Sexual Harassment. More on what it means for twenty First Century fox. There was plenty of deal making. We have the stories. Dom, you first. Kick things off here at the board. Bill, merger monday. No more. Labor day holiday. Takeover tuesdays today. Well talk about the first big one. The german pharmaceutical looking to buy monosanto. Thats up 2 from the 125 bid they had before and up from the 122 bid before that. When we combine them in a hypothetical deal, the biggest Crop Sciences seed manufacturer in the world and brings together monsanto. They own roundup and then bayer as we know it in america and dr. Scholls foot care co
By the afternoon the warmest day of our threeday Holiday Weekend today today we should see low to mid 80s today. The big picture the sevenday forecast will be one of the cooler days weve seen for awhile in mid 90s. Well talk about when the heat will arrive coming up in the next weather forecast. Thank you, rob. Were following breaking news out of the east bay there have been a series of crashes on interstate 880 after police say thieves stole vehicles from a fremont car dealership. Here is what happened. Investigators say a Security Guard at the dealership began chasing down the suspects after they got away with those vehicles. At some point, the suspects crashed the vehicles between fremont and hayward on 880. All lanes were shut down of 880. But theyre now open again. We have a crew headed in that direction. Well bring you a live report at 5 30. Breaking this morning a 14yearold boy is recovering after he was hit by a car in oakland. Police say the boy was riding his bike on the side