Controversial. Connell mcshane to spell out what is going on here . Reporter this is big one, for College Sports and a big business story as well. You hear wheeling and dealing under the table all the time in this area but were hearing about formal federal charges this News Conference will spell it out in detail. What were learning ahead of it, there are details we can go into the charges. Bigtime College Programs for one. I show you the names. First of names of College Basketball fans may recognize, chuck pierson, played in the nba, he is is assistant at all burn where he went to school. Emanuel richardson, university of arizona, Oklahoma State and usc. I have want to mention the name. Jim gatto big shot at adidas,ing director of Global Marketing. Adidas confirmed one of their employees was arrested. The feds alleged that some of coaches accepted cash bribes from an agent. We heard about things like that before but they say there was a scheme where the aforementioned jim gatto from ad
And im kristen sze, in for ama daetz. Not official air show, just a practice but thrilled onlookers around the bay. Awe inspiring. Real show is tomorrow and not only event drawing attention and thousands to San Francisco. L. You ctalking to local pilot. Reporter fleet week set up is under way and bay area will be well represented in the sky. Half the team grew up around here, spoke with one pilot from fremont. That sound can only mean one thing, fleet week in San Francisco. Blue angels soared over the city for a site survey ahead of the big show. Excited spectators watched and took pictures from the marina green like his and her threeyearold son. First couple of years, what is this . Then gotten more exciting every year. Reporter took off from oakland just before 1 00. Three of the six from the bay area. Exhilarating, intense, requires extreme focus. Reporter spoke with Navy Lieutenant damon kroes. Grew up in fremont. Graduated from college in hayward and married high school sweat hrt.
Oakland just before othe six f area. Exhilarating, intense, requires extreme focus. Reporter spoke with Navy Lieutenant damon kroes. Grew up in fremont. Graduated from college in hayward and married high school sweat hrt. Says the show is something the team has looked forward to all year. Grew up going to fleet week as kid. Watching b angels. Lue inspired me to pursue a career in the military and serve my country. Reporter hope to put on good show and inspire a new generation. Elissa harrington, abc7 news. Check out our dedicated page on our website with the show times as well, abc7news. Com. Other big effect, hardly strictly Bluegrass Festival. Begins at noon in Golden Gate Park and you can bet will be added security after what happened in las vegas. Lyanne melendez is live outside the site. Reporter has to be one of the most popular events in San Francisco. Its free, very well organized and keep it very clean. This week the operative word is safe. It is the largest Music Festival in
Market miss this and the fomc tone. S striking a dovish is december really a done deal . Ant we are less than half hour away from the open of cash trading. Take a look at where futures are pointing or not pointing. There is Little Movement across european markets. The only thing making any kind of headway as far as futures are mib. Erned is the ftse the ftse, andax, euro stocks futures unchanged. Also pointing to gains and you will find out why if you continue to watch. Yieldslook at bunds, continuing to rise although coming down from the open, this is a threeday chart. The open is the last spike. 45. 5. 45. Interesting things happening in other countries. Italy getting closer to passing reforms that could hinder the fiveStar Movement. The market likes that and that is what you seek futures off. Was the market yesterday out quite strongly in italy. Trading up by 1 . The saudi market grappling with this one a little bit this morning. Site seems to be a lot of idiosyncratic factors that
The deduction for state income tax, thats a very big deal, look like its gone. Deduction for property tax, probably stays. Middle america gets help and so does business and 1 does not. Apples profit after facebook, amazon and microsoft, warning, dont disappoint, investors would slam apple and maybe the rest of the market too. It was the profits, huge number, 575 billion. Thats how much the value of stocks went up in october. Wow, indeed, ashley. Thats how a rally translates into dollars and cents. And then theres the federal [laughter] stuart i knew it was coming. Federal reserve, a new chair to be announced today. We are told it would be jarome powell, thats the judge, by the way, the most powerful banker of the world. We will leave it at this, powell raises Interest Rates slowly. Got it. [laughter] stuart done. Varney company is about to begin. Because of the sanchez success. Here is a ground ball, right side could do it. The Houston Astros are world champions. Stuart there you have