More than 2 and the s p and nasdaq at more than 3 a piece for the week and the s p and the green, five weeks in a row and that the longest winning streak since december, the dow on track to have for august since 1984. So the run keeps going for stocks, we will talk a lot about it, number of stories were covering with fox Business Team coverage, edward lawrence, blake berman, sit down jerry, we start with edward in washington. A quick flight back to jacksonville, part of the gains that we saw here in the markets could be related directly to the Federal Reserve and the action that the fed took yesterday, the Federal Reserve president said its an evolution, not a revolution specifically related to averaging to achieve the average of a 2 target in an inflation, the Federal Reserve trying to see if they can make things average about 2 , theyre saying that the people will not see the prices of the things that they buy jump noticeably, what theyre looking for is the price stability, less than
Looking to open off 37 points. The 10year note stands at a point. We are looking at. 672 melissa lee in the house that was a major move we are back up towards those highs right now. We saw lots of ramifications in the market looking at how quickly it moves higher. Im trying to watch whatever information i have is about 12 seconds old we are all in a house somewhere. Just not together. It is good to see you although i cant see you now. Im looking at the board from 15 seconds ago. We are going to power through this well up an update on why we are all doing this new case numbers have been declining across the country but testing shortages are calling those numbers into request the average number of covid cases down 19 from july 28 but testing has declined over the same time period amc to reopen u. S. Theaters august 20 and hopes to have twothirds of theaters open. Says all staff and customers must wear masks. That is the change from comments in june that mask wearing would be encouraged b
Clouds and areas of fog. Also for livermore coming in at 58. 60 in oakland as well as for concord. So as we head through the afternoon looking at 67 with that sunshine in San Francisco. 73 in oakland later today. And warming up in san jose at 84 and 90 for concord. Near average if not just a little bit above average for this time of year. Ill let you know how hot it will get by the end of the week and details on that coming up. Im anne makovec at the live news desk. And some breaking news we just got word of an earthquake in the geysers. This is in the far north bay. It was not huge, just a 4. 0. So were not expecting any major damage in that area. This is just north of healdsburg, still south of clearlake. It hit at about a quarter to 5 00 so about 15 minutes ago a 4. 0 in the geysers. Were going to keep an eye out on if anybody felt it in that area. Back to you. Anne, thank you. Campaign 2020 now. Joe biden and his new vp pick bay area native Kamala Harris will hold the first joint a
At 92 this afternoon. 90 in concord and livermore and 84 for san jose and 73 in oakland and 67 for San Francisco with that sunshine. Were going to see those temperatures soar later this week. Details on that coming up. But now lets check in with gianna for a look at traffic for the latest on a crash along 680. Yeah, this is 680 through the sunol grade. A lot of brake lights there. Thats because of an accident involving where a vehicle may have been sideswiped by a big rig. One car is facing the wrong way in lanes. Some slow speeds in the area. That left lane is still blocked. So expect some activity there. Also causing delays off of 84 headed over towards 680 vallecitos. Adding to the already busy ride in the area. The travel times in the Altamont Pass slow. 33 minutes to go from 205 over to 680. And were now seeing some delays popping up on the eastshore freeway westbound 80 highway 4 to the maze. Give yourself 19 minutes. Coming up next well get a live look at conditions at the bay b
Theres a lot of commentary, some people saying its a win for congress and the prosecutors, some for trump, what do you think . Well, it is a split decision and frankly it was john roberts finest day, a lot of controversy, here he managed to hold together two 72 coalitions, alito and thomas were sort of with him in general, they meanted even more basically. The cases will now continue. Its not a slam dunk that we are going to see the tax returns tomorrow or anything like that, and effectively pushes it past the election, but the really thread of the needle in min takenning the balance among separation of powers between legislative and executive branches as well as federalism with state inquiries into the federal executive. Paul i think i disagree with you. What i worry about is what alito talked about, 2200 local prosecutors, a lot of them politically motivated. The courts did set up standards but i wonder how strict they are going to be and how strict local strict federal judges and ot