Mr. Morath happy to be here. Host lets start with the headline from the wall street journal today the u. S. Economy , is hitting milestones not seen in more than a decade, marked by a robust hiring that has led to lowered unemployment and sustained pickup and output, Labor Department data shows nonfarm payrolls a seasonally adjusted record 86 straight months of expansion. It also says the Unemployment Rate is down to 4. 1 , down for two straight months holding at a 17year low. What is the reason for some of these positive figures . Mr. Morath we have been in a long stretch of economic expansion. We have been growing fairly consistently in this country since the middle of 2009, so we are seeing that starting to pay off for more and more americans. Businesses are seeing demands for their products and services, and they need workers to meet that demand. Host are there any surprises in this report so far . Is the economy over performing . Mr. Morath i think it is performing pretty close to
Its of expansion also says the Unemployment Rate is down to 4. 1 , down for two straight months the holding at a 17year low. What is the reason for some of these positive figures . Guest we have been in a long stretch of economic expansion to we have been growing fairly consistently in this country since the middle of 2009, so we are starting to see that they all for more and more americans. Businesses are seeing demands for their products and services, and they need workers to meet those demands. Are there any surprises in this report so far . Is the economy over performing . Guest i think it is performing pretty close to its peak capacity, which is what a lot of people are reporting. The other is the wages figure. We are not seeing the pickup in wages that we have seen when the Unemployment Rate has been near 4 . Host what does this say about the outlook . Ahe can we expect to come ad . Can we expect to see this continual uptick . The jobs far as market, i would expect to see a bit o
Then loomis, 5. 28. Mill valley, 4. 29 inches. San francisco, 3. 2 age. Michael schill 3. 66. Napa, 2. 10. About the best you could ask for for some since weve had such a dry stretch. That has certainly ended. Its all or nothing out here. Theres a little bit left but below associated with this is taking off toward the south. Thats now producing rain and southern california. Theres not much left toward the north. There is a little bit to the east, eastern Solano County in the Altamont Pass. Some of the stretches back from livermore and fremont. Maybe soon old green. Very light into the Santa Cruz Mountains. I doubt theres much there. Morgan hill to gilroy. 101 and south is still getting some. A lot of 50s, a few 40. The wind is picking up now. This will be a northerly breeze as the low dive south. High pressure will build to the north and the system will take its energy out of the picture. Some morning rain but mostly we are done. Upper 50s and low 60s with some clouds and sun. I to sta
101, 101 is closed around Santa Barbara due to mud flows into breeze. Keep in mind if you were taking one 01 south, there are some issues down there. We had some impressive rain totals. Kevin leedy showing 5. 02 inches in sausalito. That is impressive. Others including kentfield, 5. 28. Mill valley, four point, 4. 33. Oakland, 2. 70. Napa, just over 2. San jose, 1. 70. Our system is moving east and south. As it does, is taking that moisture. There is still some holding on mainly to the east and south. It just about out of my forecast area except from the Altamont Pass, livermore and dublin. 580, 680 and back toward the sunol grade. Over to sunnyvale and cupertino and in and around san jose where it circling the wagons. Its about time in the santa cruz mountains. 50s on most of the temperatures. That normally breeze has kicked in. As the low died south, High Pressure will build to the south. This system may pizza rain and for the north on thursday but it will not be similar to what we h
Staff john kelly said the president will be briefed today on the democratic rebuttal of the gop memo alleging bias that at the fbi and doj. Trump has the document, but has reportedly not read it. He has until friday to block the release. And an infrastructure proposal next monday, hoping to generate 1. 5 trillion in ending on spending on roads, bridges, airports, and other public works. Only 200 billion would come from the federal government. And the pentagon says the war in afghanistan is costing u. S. Taxpayers 45 billion a year. Lawmakers grilled the Trump Administration today. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Cory i am emily chang. This is bloomberg technology. Afterhours trading soaring as much as 30 after smashing estimates in the fourth order. We will break down the companys first earnings victory since it went public. And the take on the gender dynamic in Silicon Valley. My conversation