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Good wednesday morning welcome to squawk alley. Im Carl Quintanilla sara eisen is here as well the dow is down 59 points following the best day since april. And techs best day in just over a week nasdaq is now lower for four of the past five trading days for more on all of this, we are joined by the chief Investment Officer john rutledge. Good morning, carl. You put more credence on the action yesterday or today, john . I think the risk is the thing you have to watch out for. So i guess that means today. And it is really event risk. Event risk is something investors dont think about very much,...

This comes as a relief to a lot of people around this country. Sheriff joe had a career that spanned over two decades. He was tough on illegal immigration, facing six months in jail after conviction with no jury. I think a lot of people would be very relieved to see a pardon. He wasnt just beloved in arizona, but people around the country feel he was being treated unfairly by not being given a jury. We will see what happens there. Trump definitely pleased supporters at the announcement. Lauren the president s first pardon. Kristen tate, good to see you. Cheryl kind of the Rudy Giuliani out of ...

Nafta commission on the government of the border wall is not funded and he was critical, very critical as Senate Republicans for not passing his agenda appeared on that issue, the New York Times says the relationship between the president and republican leader Mitch Mcconnell has fallen apart. , but the president can salvage the presidency and august 9th became a profane shouting match. That split is not good for taxcut legislation. And its not a plus for the stock market. Down in the opening bell today roughly 70 points. Here is how things are shaping up wednesday morning. The baseless tribe ...

Peninsula. 82 san jose. Thats spot on for this time of the year. East bay numbers 90s at the delta. Increasing winds late day up to 20 and 25 miles per hour. North bay numbers at the 80s. Good morning. Its been a busy start to your wednesday morning commute. Take a look at interstate 80 westbound direction. We are tracking a major backup all due to an earlier accident. This is near Central Avenue all lanes reopened but that backup is stretching towards mcdonalds so you need to give yourself some extra time if you are planning on heading along the eastshore freeway and be advised that richmond ...

Valley and santa rosa. Were getting a good push on the fog. Which means it may be a couple degrees cooler today. There is a delta breeze. Not roaring but it is there. Thunderstorms over the sierra. Except for north of bodega bay, were looking for a pretty good fog bank that will take the peel back to the coast later on. Thunderstorms erupting over the sierra. The low has been keeping our weather tranquil here for a couple days. It will kick out on friday. Warmer weather on the weekend. A few 60s, 70s, and 80s and 90s. Sal tells us the traffic is doing. It is tough trying to get into San Franci...