And more importantly what you should be doing or not doing around it. We begin with big breaking headline shares of Johnson Johnson are higher after an oklahoma judge ordered the company to pay 572 million for its role in the National Opioid crisis however, that number, 572 million, far less than some expected meg tirrell is live outside the oklahoma courthouse where that decision was handed down less than one hour ago. Meg . It may not sound like a positive headline but j j stock is not reacting that way the judge found Johnson Johnson accountable for creating the states opioid epidemic, saying it created a public nuisance but they were ordered to pay 572 million. Now, the state had asked for 17 billion over 30 years. Now, that 572 million accounts for one year of what they call an abatement plan to try to fix the Opioid Crisis here in the state. Theyre saying here in the 42page decision that the state didnt provide sufficient evidence of the amount of time and cost necessary beyond y
Heres the jargon, the yield curve inversion. This is fed day and a very big day. In advance of the official word on rates, stocks have been all over the place this morning, up and down, moment to moment. Right now we are looking like a loss of maybe 112 points for the dow and down 45 on the nasdaq. This is whats hitting the market, china. China says it will impose 5 to 10 tariffs on 75 billion worth of u. S. Goods. That is obviously a negative for china trade. Its escalation and therefore, bad for the market. Elsewhere, later today, the president leaves for france for the g7 summit. Interest rates and trade will surely come up there. They are gearing up for more big protests in hong kong. Were on it. And just wait until you hear what larry kudlow says about tax cuts. Lets get going. Varney company is about to begin. Weve negotiated with them, weve tried to move the football. They have backed away and we have taken measures through all of that time, weve had a very strong economy, weve
Good evening. We get live coverage from amber in Golden Gate Park where the headliner just wrapped up. If you look behind me you can see the people leaving. The headliner was childish gambino, it was damp and chilly but it didnt matter to the people here. Under overcast skies, typical of San Francisco summer weather day two drew a tsao of mans. Sea of fans. This video. They got a good lineup this year. They made it diverse, thats a product of the way a bay. Grasslands is restricted to those 21 and up. For the first time cannabis is sold and consumed at a major festival in california. 24 havent doors are in this vendors are in the area. The customers want to know more and were able to educate them. While the musical performances are the main attraction, the appeal is the vibe of the event. The music is great plus, the fact i get to walk around and tighter extra fencing, a High Profile Police presence on foot, mounted patrol. Recent Mass Shootings gave them pause. Its scary, especially b
California. Clouds and green showing up there. And we actually had this one little cell approach the modesto area in the past couple of hours. Producing one lightning strike. But that has kind of diminished over the past hour. We do not have a lot of completely not a lot of overcast conditions. But i think we will have patchy fog to deal with between now and sunrise. 50s and 60s. Heres our live camera looking towards sfo. Here is the plan this morning. Partly cloudy. And into the afternoon hours. More sunshine. It will be warm to hot inland. Hottest locations of the 90s. The coast in the 60s. And San Francisco, downtown, will warm you up to 70 degrees. Time now, 5 02. Well check in with sal now. Hes standing by. Mark, good morning to you. We have a nice look at the east bay commute. Including the tracy triangle. Trying to get into the east bay. We have slowing on 205 and 580. Which is typical. But today it is rather normal. As you might see. If this is the commute you do or you expect
Transportation just arrived, i believe they said you can ruin this wi you can move this without ruining the roadway. So theyre doing that. So there is that distraction. The countercommute drive is slowing as you pass that one lane. Westbound is the commute direction there. Dumbarton bridge moving smoothly. 880 north, two crashes cleared to the shoulder in oakland. That has slowed you down. And a second Traffic Alert, up in st. Helena, northbound highway 29 is still closed. Used zinfandel as an alternate. A pleasant start to the day with mostly clear skies across many of our microclimates. Lets get you out the door in palo alto a live look out there. Temperatures will start out cool. Upper 50s. More sunshine, lower humidity and lower temperatures. Well talk about whats going on for the rest of the week coming up. Thank you. President trump heads to texas then to ohio following last weekends deadly mass shooting. But the president could get a chill y reception particularly n el paso. Let