Were seeing 51 degrees and patchy fog in dublin. On the left side you see clear skies in san jose, 51 degrees. Haze in San Francisco. 58 degrees, 67 by around 2 00 today. 75 in san jose and close to 70 today . Santa cruz. Not all schools, but many schools getting today off. Businesses as well. We know that from the signs we see. Much less traffic as we look at your approach. Your speeds and times getting over toward the bay bridge, looking great. 15 minutes upper eastshore freeway. No delays for the toll plaza. Let me show you the live toll plaza shot we have. This backup is for the fast track lanes. The cash lanes are moving smoother. That means the more frequent commuters that have fast track, they are in line. If you pay cash this morning, you can actually save yourself a wait. Lets get to an update, breaking news weve been following all morning long. A crew some discovery in the east bay. Three bodies were found at the scene of an overnight fire. Investigators say they may have bee
Interest rate increase is likely in the coming months. Japanese shares rose. Treasury bills are closed worldwide today. The yen is back to a onemonth low against the dollar. The sales tax increase scheduled for next year will probably be delayed. Japans retail sales growth stalled in april. Economy grew slightly faster than originally estimated. Growth accelerated. It beat the estimate. Frances gdp report showed that investment jumped 2. 4 . Billionaire is offering 4. 4 billion to buy out and privatize. That is a higher valuation. Relocate. Ate will they have been out of the spotlight since they voiced concern that such transactions could flood the market. Markets are closed in the u. S. And u. K. Lets check in on the markets that are open. The stoxx 600 is pretty much unchanged. We have seen gains in the dax this is after european stocks of their best weekly gain since february. The story is about Dollar Strength. You see a stronger euro against the dollar. Just a quick strength, we s
Weak month. But frankly, thats downright terrible. The house of pain the dow shed 32 points. At one point it was much, much worse. As i always tell you. This year is all about constantly finding the roving bear markets and the ramping bull markets. In response to the Interest Rates plummeted. The bank rally. All the u. S. Based international company, the bottom market dividend yield of 3 or hire. It will be longer than anyone thought. Specially fed nums keep telling us the economy is getting too hot. If anything, these numbers are too cool. Way too cool. As i like to say at the end. Show, there is always a bull market somewhere and today, it was did i have tend players like you. The high yielding companies. I think that rally will continue so why dont we get right to our game plan for next week. At this moment i am fixed on that game. We get germ an factory orders on monday. If they are as strong as i think, you can expect the euro to continue. Fabulous news for the stocks of so Many A
Consumer related stocks. Check out shares of ford and gm, both sinking. Plus check ott the retailers like nordstrom and macys getting crushed today. Is the stock market telling us the consumer may be tapped out . I dont think so. I think first of all, retailers have all bounced since may, so maybe the sell off, its often oversold condition. We had a nice bounce, but the auto stocks have been lousy for three years. Think about it. You have in my opinion, the best vir environment in the last maybe 50 years. The stock market is basically tripped. If these stocks have gone sideways to lower over that period of time, you have to ask yourself when is the right time the own these stocks. Weve had this conerer sags for a while, so i think the autos tell one story. The reteailers tell a story, bu i dont think you can say the consumer is dead. Well, ill tell you, the auto sector is the most concerning. I look at auto nation. Mike jackson was on cnbc back in january. Said 2016s not going to be a
But in particular with regard to underground Natural Gas Storage, theres a very collaborative atmosphere over the course of two decades already worth of information study and sharing, and now with the recommended practices that have been developed, the question now is how do we best set the minimum Safety Standards that could be national in nature and then recognizing that any state could of course go beyond those minimum Safety Standards and advance whatever additional Safety Measures they would want to undertake that are specific to their particular operating atmosphere. We have two more and then well come back here. We have about five minutes left so maybe if i can take all four quickly but you have to be quick. I want to see, are you issuing like a notice of proposed rule making for these underground gas storage standards or is it something else. If it is a notice, are you trying to finalize it later this year also . Hold on. Raise your hands if you had one just so she can find you