Head through the anta rosa. Afteoon, we are not talking about triple digit heat and concorde in fairfield, after highs and concorde topped out at 105. Officially 99 today, 99 fairfield, 98 livermore, 93 san jose, 82 oakland and 75 for San Francisco. It gets even cooler for the weekend, i let you know just how cool coming up. We are stirring to see some travel times affected this morning by some of those hotspots, lets get a look at what those are, you are now in the yellow coming up in the Altamont Pass, that is pretty much regular rushhour commute, about 30 minutes, 31 minute ride at the Altamont Pass, highway 4, an accident blocking one lane at bailey road in the westbound direction, that is now going to put you in the yellow, 47 a ride to get to the east shore, the short freeway itself as well as the 101, still the promised report on either of those slowing you down, however, that is not the case, i checked in due to overnight construction, lane closures should be clear at the top o
Network Dagen Mcdowell as always, pwc partner and cfr Mitch Roschelle and lindsey bell maria markets this morning, quiet situation going do what could be fireworks in next 2 days, dow industrials down 71 points, nasdaq down 27, Federal Reserve jay powell testifying before the House Financial Services Committee Later this morning, markets are watching specifically to see if powells comments indicate signs of a future rate cut, a lot of people yesterday, Jon Hilsenrath said, well, if its not july, itll be september, lindsey, you have a lot of thoughts on this. Yeah from the testimony today and tomorrow, im not speaking anything new out of fed chairman, he will stick to the language that we heard in june that hes here to support the Economic Growth that weve seen so far, i dont think we will hear anything about the change of Monetary Policy or any type of rate cut, how much it will be if there is one to come, and the thing i think that the investors in the market are really going to look
President once again targets the fed. Huawei restrictions relief tech executives expected to make their case to the white house today. And equifax to pay as much as 700 million for that 2017 data breach well start with futures, though, set for a higher open. The dow, s p and nasdaq all lower in three of the past four trading days big week for earnings. Well hear from phobia, amazon, alphabet were a week away from the feds decision on rates. And then the president today is tweeting its far more costly for the fed to cut deeper if the economy actually does in the future turn down very inexpensive in fact productive to move now the fed raised and tightened far too much and too fast. In other words, they missed it big. Dont miss it again. Of course now the fed blackout window is in place so we wont get a response to that, jim, before the meeting. Look, the president is he wants that last hike repealed. I think that we have to hes obviously a lightning rod beyond belief, but its perfectly r
Fbn a. M. Starts right now. You are blessed and lucky. Its true that you are part of something. Lauren welcome to fbn a. M. Good morning. Im lauren simonetti. Cheryl good morning, im cheryl casone. Lauren welcome back. How was vacation . Cheryl a little hot. Lauren a little hot, exactly. Lets take a look at how your money is of moving this morning. Three dow stocks report today. The dow is down 62, s p down 7, nasdaq down 29. Cheryl we are watching of course the yield on the 10 year treasury as the Federal Reserves meeting gets underway today. Its down a basis points. Weve been hovering around the 2 range. Lauren geopolitical risks with iran continue. Oil prices up, 57. 32. Cheryl the facetoface meetings get underway in a asia. We are watching Chinese Markets for any hint of how the talks are going. As you can see youve gone green across the screen, even the kospi is higher overnight. Lauren the bank of japan keeping rates steady. The ftse in london is hanging onto a green arrow at thi