2. 3 trillion gauntlet against the economic catastrophe caused by the pandemic it was remarkable move coming within seconds of the devastating news that 6. 6 million more people filed for Unemployment Insurance last week the averages were actually able to rally including the down and out stocks dow gaining 286 points s p climbing 1. 54 nasdaq advancing 7. 7 . Without powells extraordinary i was blown away extraordinary announcement, the hideous jobless claims would have pancaked the stock market. Weve gone from the strongest labor market in a half century to one of the weakest in no time flat it didnt matter to wall street because the fed is buying all kinds of distressed debt you dont see i keep saying its so important. Buying municipals. Some of those are hurting. Buy high yield Corporate Bonds thats fabulous news because those were two big pressure points in this rapidly deteriorating economy. What a difference from the old days between the 2. 2 trillion rescue package from congress
Erence in seoul. He struck a different tone from previous fiery rhetoric on north korea. Andring in Kevin Cirilli bloombergs chief content officer. Marty, when we say he struck a different tone, he wants north korea back on the negotiating table, but declined to comment on whether he wants direct talks with kim jongun. What is President Trump want . Marty it changes hourly. He famously tweeted about rex negotiationsirect with north korea being a waste of time. He is suggesting maybe it is not. Koreau. S. Ace north negotiation would be a change in policy. Many people including the chinese impressions think russians think that is the answer. David is there any realistic prospect of talks anytime soon . Marty no indication. Donald trump shows up in china tomorrow. There are no Public Events on the schedule. Those talks are critical if he wants to make progress on north korea. Shery the carrot has been bageled for decades regarding Foreign Policy dangled for decades regarding Foreign Polic
Temperatures warming up starting yesterday. It will not be blazing hot, but it will be warm to hot, and if you think anything over 75 has not been okay. Warmer temperatures to the south in Southern California and Central California and in the Desert Southwest. The full moon at 4 02 am was summer beginning at the full moon at 4 02 am was summer beginning at 3 34 pm, the longest day of the year for us. For us a sunny day and warm. A northerly breeze and southerly breeze, west southwest and variable, but that will not be a factor today. 40s, 50s and 60s, all over the place. Cold readings to the north, and a little bit cool. 46 at the observation in woodson, and in pacifica 51, atherton, mineral park all at 52. The high building in from the four corners, and it will filion and back offer couple of days. Sunny for all, warm to hot, above average temperatures but no records. 70s, 80s and 90s. 5 02 am on a monday. It does not look like it will be that cool, but not that warm, and the traffic
Thank you for waking up with us. Steve is here. It is a full moon and first day of summer, a huge day. Still holding onto a little bit of spring, and summer is officially this afternoon, but it started feeling like it yesterday after a cool week. Warm to hot today, but not recordsetting. 80s and 90s, and only the most interior locations pushing hot temperatures. Above average, and in the south bay, no breeze, but there is a little bit of an onshore breeze. No fog, and quiet with low 60s, 50s for some and 48 in the north bay, Half Moon Bay at 50. South bay temperatures upper 50s and look for 90s at gilroy, san martmn in morgan hill. And cool for some and mile for others, and High Pressure in the desert southwest, building with this cloud cover. And looks like there are only some changes, staying anchored in the four corners. We get some warm weather and in cooling down a little bit, but it looks like temperatures will be above average for most of the week in the 70s and 80s. The fog w
Well savings day courage the virtues of the savings and thrift for households putting your money in the bank is it to say. This is d w business welcome the u. S. Federal reserve has cut Interest Rates for the 3rd time this year the central bank float the benchmark rate by a quarter of a percent a range between 1. 5 and 1. 75 percent for you chaplain Jerome Powell has been under pressure from President Trump to cut rates to 0 or even low up the fed told investors it would pause to reassess the economy before making further cuts. In his press conference after the announcement pollitz flame the thinking behind the decision its. We do not. Later we go to our financial correspondent in frankfurt instead it. Is stunning by the. Rate cut did versus think the fed is done cutting rates. And thats really are skeptical for now going into this meeting the real question wasnt if the fed was going to cut rates that was pretty much expected it was how is your own power going to talk about the future