Right here on set. Well do a live taste test. Its tuesday, september 24t 24t. Fbn a. M. Starts right now. But you got to keep your head up. And you can let your hair down. You got to keep your head up. And you can let your hair down. I know its hard. Know its hard to remember sometimes. But you got to keep your head up. And you can let your hair down. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren good morning. Im lauren simonetti. Cheryl lets take a look at how your money is moving this morning after treasury secretary mnuchin said trade talks going to resume in two weeks. The dow is up 64 right now, s p up 7 and three quarters, nasdaq up 26 and a quarter. Lauren lets take a look at the yield on the 10 year treasury, down a basis point, 1. 71 . Cheryl the you price of oil is pulling back a little bit. We are down three quarters of a percent right now. By the way, gas is actually down the last three days, National Average at 2. 66 a gallon. Lauren china buying more
Low. And its projected as the population continues to age in the baby boomers retire that that ratio will continue to rise in an unsustainable fashion. So, the addition to the debt taking what is already a significant problem and making it worse is it is of concern to me, and i think it does suggest that in some future downturn, which could occur just for whatever reason, the amount of fiscal space that would exist for fiscal policy to play an active role it will be limited, it may well be limited. Sam fleming with the financial times. Couple of longer term questions, first of all, midway through the year, hot weather inflation targets might need to be raised. Obviously been a lot more debate and have had systems since then about this it may not be an imminent issue, it may be something the feds may be discussing over the coming years. Some sort of change to the inflation target second of all, the amount of stimulus tools that the fed may have at its expo sal are fairly limited. One of
Wearing black in solidarity, stars certainly making big statement on big night in hollywood. Katie, wintery mix is on it way, im guess that will make a statement, as well. Ough the pm rush gets us impacted, so we have to draw the vstr morning commute will not be hampered by the weather at least, not here today. It is later this afternoon, into the evening, that things get very dicey, you can understanded why. There is a big mess coming our way, all of the pretty colors that are available on storm scan, are represented here, purple, pinks, indicating snow , ice. And then also some rain off to the south. We will see a mix of all of that, the problem is the grounds is so, so it falls at, t will freeze on contact. So, if it is just raining, youve got to worry about a glaze of ice on the roadway. For now, though, things are quiet. Really again not until this afternoon, that we are going to see the wet weather move in generally after lunchtime, snow showers move into the north and west most
Palo alto hasnt been getting a break from that rain this morning. Also South San Francisco seeing more intensity there, right along 280 and 101. This will be a problem for commuters. The Marina District seeing that pick up as well, and this has really picked up over the last hour. The lighter green there now yellow and orange. Berkeley also seeing that rain, as well as west oakland. Expect a couple inches from this storm. We have more coming down in martinez. They got a brief break and picking up in intensity along along 480 and to the north as well. This is several inches of rain coming down over the next 24 hours or so. Jessica flores is live in San Francisco and i can hear the rain pounding there. Reporter good morning. This is 17th street and fulsom, and this is a really big problem area. This place often has sewage backups because the storm water just overwhelms the drain here. Its often forcing closures here, but right now everything seems to be okay. They have put barricades up
Ready to move ahead with a major agreement of longterm funding for our armed forces, nor, our immigration policy. Bipartisan talks are underway on these issues and other key priorities. Copper my solutions are not out of reach. For now, Congress Plans to keep the government running. Shery welcome Bloomberg White house editor and chief correspondent kevin. Ofin, give us the just speaker ryans bill right now. It doesnt address immigration issues but it includes other things in their. Re. The continuing resolution is something to get out of the house of representatives, and will go nowhere in the senate. We have seen this time and time again in terms of legislative policies from speaker ryans cap. Ofy will try to get it out the house, but it is up to Mitch Mcconnell to carry the football into the end zone area right now, it is just not there. Im immigration, that is not enough to get key democratic support. Senate majority leader Mitch Mcconnell you remember that procedural term, that ess