The euro is trading lower, we had the ecb yesterday, down. 1 . This is the dollar versus the rent, but when it comes to the dollar versus the rand, moodys, the last country to have an the last company to have an Investment Grade on south africa, this Investment Plan doubles the investment to appropriations to that company, could end up being credit negative. A big move on the south african rand. Slowing in the First Quarter, but not as much as analysts expected, with the headline number for consumer spending, pushing gd pregrowth gdp growth to 2. 1 . Discuss here to discuss is our chief bloomberg u. S. Economist. Core pce was disappointing, and the deflator as well. That definitely tainted the report slightly, but what i think is most important at this point, the economy is growing above trend, right . Bettercent growth is than the feds long run estimate of 1. 9 growth. If you are growing at that pace, that tells you although there is not strong pressure on the economy, you will see Un
Biggest tech companies. Soared to a record high, with tmobile, netflix all adding fuel to the rally. Alphabet posting its oneday percentage gains since july for death july 2015. Joining us to discuss, senior markets editor mike regan. Facebook, twitter, all reporting results. Where do we see the biggest result biggest move . It was a major week for companies. Very tech centric. Theabet is the star of show, rising 10 . All seem to be firing on cylinders. Announcing that major 25 billion share buyback, that is taking the edge of edge off of the concern of the probe of alphabet. Also twitter doing well, showing an 18 gain for sales. Amazon was an interesting story. They had a big earnings miss, but it was in an amazon typical way. Developed a more robust oneday delivery operation, and thats the type of thing amazon investors in the past sort of embraced, even though it caused a hit in the shortterm. I think the Semiconductor Stocks are a major story this week. Instruments, semiconductors
Francisco credit union sitting on most of those medallion loans. We partner with the city on many different avenues. This is when we felt that they left us in the bag and that is the reason for the lawsuit. Reporter what is new now . How about around a dozen letters that have drivers even more worried than they were before . Im not sleeping. A whole week. Reporter nervous and not sleeping, tmb is one of the taxi drivers that just received a letter demanding full payment on the balloon loan issued for his medallion. The total amount demanded in the letter . 172,000. You cant pay that. Reporter i imagine any other driver that has one of these balloon loans is now wondering am i the next person to fall into this . Definitely, definitely wondering who is next. Reporter the driver said the letters were just the first surprise. The drivers went in with these letters to the bank. They were told that they were bundled into a loan and sold. The San Francisco credit union has now acknowledged th
High, with tmobile, netflix all adding fuel to the rally. Alphabet posting its oneday percentage gains since july for death july 2015. Joining us to discuss, senior markets editor mike regan. Alphabet, facebook, twitter, all reporting results. Where do we see the biggest move . It was a major week for companies. Very tech centric. Alphabet is the star of the show, rising 10 . They seem to be firing on all cylinders. Announcing that major 25 billion share buyback, that is taking the edge of edge off of the concern of the probe of alphabet. Also twitter doing well, showing an 18 gain for sales. Amazon was an interesting story. They had a big earnings miss, but it was in an amazon typical way. They developed a more robust oneday delivery operation, and thats the type of thing amazon investors in the past sort of embraced, even though it caused a hit in the shortterm. I think the Semiconductor Stocks are a major story this week. We saw texas instruments, semiconductors are a weak spot. Tex
Experience the heat equally. If you take a look at the map, i have picked out the representative spots around the bay area where you can see how in the locations i conquered were 103. At the city for San Francisco 70 for in the low 80s in oakland. 92 in san jose. The closer we get to the inland valley in the purple, and the center of highpressure warming us up that is where you will feel it a little more. If you are looking at the areas that are under the heat advisory, it is only those areas. Everywhere in yellow is where we are talking about here from concord, danville and livermore in the you are included. Not at that will not be hot in rosa it will be noticeably hot, but it will not be like her records hunting hot. Heat advisory goes until sunday at 11. We have two days of this to get there. The meantime in San Francisco, you will say what he way. At 70 for, a deep marine layer. Many of us waking up to low gray skies and that is what is keeping temperatures really well behaved. The