Because the fed has spoken, and the fed did its best to do exactly what most people want except for the bears. Hence the rally with the dow gaining 113 points, s p gaining 0. 84 , nasdaq advancing 0. 74 . You may have heard a ton of verbiage today about what the fed or didnt do. It kept in the word gradual when it talked about future rate hikes, took out the word only, forecasting two more hikes making three for the year which is not surprising. In short, the fed basically did exactly what they said they would do, and without a surprise, the market soared. Hallelujah. So why does the market rally on a nonnews event . If an tornado entity like the fed simply does what people expect, why the heck is that greeted as positive by both the stock market and in some ways more important the bond market where Interest Rates went down, down hard . Nah, thats the wrong way to look at it, people. What happened today is the fed didnt surprise anyone. There was a fear that the fed could say it needs
Bicyclist riding on crowded sidewalks i brought this at the sfmta to red restic. Im concerned that south side of Market Street from van nes to valencia. Is becoming more dangerous because bicyclist are riding on the sidewalks i will ask reskin riding on the sidewalk dont ride on the sidewalk as both a pedestrian and bicyclist i talk to them when i see them on the sidewalks please dont do that. I think the Police Department has an Important Role to play in making sidewalks safer through enforcement the prohibition of bicyc bicyclist on the sidewalk you can feed two birds with one seed. You can have the cops walking a beat along Market Street meating all the neighbors on market and talking to all ot bicyclists riding on the sidewalks we have bike lanes. We have to use them all the time. The second area that i think has to be of concern is grove street from market in front of the library. This is side of the street where there is burger king from grove to larkin you have pedestrians comin
Are to be saving their own country, theres a need for genuine readiness to negotiate and compromise and be president at the next talks. This is the opportunity we would like to offer them. Mark the u. N. Announced it would resume a delivery in syria after they were suspended after a deadly attack on humanitarian convoy. House Speaker Paul Ryan says congress has the votes it needs to override an expected president ial veto of a bill that would let 9 11 victims sue saudi arabia. President obama believes the measure could leave u. S. Officials open to retaliatory lawsuits in foreign courts. For the second time in two weeks, u. S. Bombers flew over south korea in a show of force aimed at the north. Pyongyang recently tested its biggest warhead ever. Im Mark Crumpton in new york. Bloomberg west is next. Emily im emily chang and this is bloomberg west. Coming up, apples plan for self driving car is a tie with formula one franchise mclaren. How about electric scooter maker lit motors . We wil
Is still stubbornly taking hold and today well feature some sun mixing with clouds, more sun to the north, more clouds to the south kind of like what we saw yesterday because of that system down south. Also, once again we are seeing Little Pockets of fog developing. Visibilities officially in most of our airports arent that bad. Below a mile in lancaster. When you enter these pockets of patchy fog youll want to slow down as it could reduce visibility temporarily. 69 degrees in philadelphia currently, 66 in wilmington, 64 in trenton. 72 in cape may and out in reading calm winds and 63. A great morning for a balloon launch. Karen rogers with more on that coming up. Dewpoints still a little bit on the humid side in philadelphia and a bit stickier down south with those 70degree readings indicating oppressive humidity. However, we expect these dewpoint numbers to drop off a little bit also a the day goes on. Its also going to be warm on the last full day of summer. 68 degrees by 7 00 but 74
I wanted to address the issue of bicyc bicyclist riding on crowded sidewalks i brought this at the sfmta to red restic. Im concerned that south side of Market Street from van nes to valencia. Is becoming more dangerous because bicyclist are riding on the sidewalks i will ask reskin riding on the sidewalk dont ride on the sidewalk as both a pedestrian and bicyclist i talk to them when i see them on the sidewalks please dont do that. I think the Police Department has an Important Role to play in making sidewalks safer through enforcement the prohibition of bicyc bicyclist on the sidewalk you can feed two birds with one seed. You can have the cops walking a beat along Market Street meating all the neighbors on market and talking to all ot bicyclists riding on the sidewalks we have bike lanes. We have to use them all the time. The second area that i think has to be of concern is grove street from market in front of the library. This is side of the street where there is burger king from gro