In 2018 of historically low rates. But specifically on tax cuts and regulation reform that have been promised. Now, if you have a rising rate environment that generally hurt stocks, and if you have that lag time, the market cant go up forever. Were in the second longest bull market ever and at some point, i think if the fed raised rates before we see either application of tax cuts or a defined plan when were going to get those tax cuts, i think were going to be in for a rough patch. Will Interest Rate hikes wipe away any future benefit of the tax cuts . Theres a lot of risk in raising rates because, first of all, the Federal Reserve is a in a tough situation. Theyre timing whats going on in the Trump Administration and we dont know exactly when were going to get the tax cuts, the regulation cuts that are going to offset the drag of higher rates. I mean, the reason we do get out of a 0 obama economy is because theres going to be higher inflation, more optimism. That has to be there when
Latecomers and please make room for them as they rave. In fact, i think this marks more than 50 soldout programs since the start of 2017 here the Commonwealth Club. [applause] yeah. It is something to be proud of. Even after 114 years how old we are the Commonwealth Club still serves a very vital purpose, promoting nonpartisan public dialogue, bringing us together to speak civilly about issues that then to divide us. Sometimes like tonight, with humor. I want to thank our dedicated members, our donors, volunteers, all of you, who helped make this important work possible. Thank you. If youd like to do more for the club, take a look the poster on the all on your way out. A generous family of members the Commonwealth Club pledged a Million Dollars matching grants. All gifts made onsite will be matched twice. Meaning 5 decide turns into 15. 20 turns into 60. So this support will go to finish our Capital Campaign for the new billing which is new building which will be opened this year. Cont
It is so great tobe here in North Carolina. You guys are a battleground state. The race f the white house is back in north rolina. A new push for answers Law Enforcement asking anyone who may have witnessed a deadly accident to help. Turn off the ac anbe ready to flip on the heat. We have a cold front moving in. E breaking news out of durham we alerted you to at the half. We got an update from deputies on a death investigation. The scene had the road closed reopened. A 32yearold man was walking home from work when he washot. Investigators do not have a motive but are following up on leads. They are looking for a burgundy to sedan burgundy sedan. Anyone witinformation is asked to call police. Tim kaine rallying support for Hillary Clinton and speaking oneonone with us. He made several stops across giving clinton a threepoint lead. The clinn campaign knows that doesnt secure anything. North carolina, you guys are a checkmate state more than a battleground. The vice presidenal candidate g
Flames in florida. He posted this video on instagram. The faa reports the airplane classed collapsed shortly after landing. No report on injuries. Another fire involving a plane, this one at chicagos ohare international. Seven passengers and a Flight Attendant were injured and taken to hospitals. American Airlines Officials say the engine malfunctioned. The plane fires come less than a day after the republican Vice President ial nominee mike pences plane went off new york. New questions cope emerging as we dig deeper to a problem the buckeye. Residents emailing us about skyrocketing water bills. And here is the thing. In some cases the problem seems to magically fix itself. Will . Reporter and for a lot of people, these are not ongoing periods with just huge increases. It doesnt go away with no warning. Because i cant prove that i dont have a leak, which i dont know how you can prove something that doesnt exist. Reporter harder because some people say their leaks come and go, thats why
Good morning, welcome back to mornings and 2. Look at the weather radar. It is a terrible commute from almost a wet commute for almost everybody. Take your time. We are watching the roads for you. Steve is watching the weather for you and he has your forecast. Day right here with us. Good morning, thank you for joining us here on morning and 2. It is thursday, december 8. We want to talk about snow that is falling across much of the sierra this morning. Not they are. There is a dry shot. It did start dumping yesterday evening and has nonstop. We will get back to some snow pictures in a moment. Where they do have snow the skiers and snowboarders love it. Steve is here. It was raining up there the last time i checked. In marin county it came down very hard for quite some time yesterday evening. It is funny should say that, we are leaving with rain told in marin county. Camfield seems to be the leader of the pack, 1. 5, 1. 53 inches of rain. San jose seems to also be suffering. There some