Quote, dont go to crowded places. Look, thats going to slow the economy. We dont know by how much. Remember, friday, larry kudlow was on the show, told us that targeted stimulus is being considered. The fed is being urged to take steps, too. Were watching for any announcement. Heres the other big problem. The price of oil is tumbling. The saudis have launched a price war, promising to flood the world with a glut because russia wouldnt agree to production cuts. American drillers will take a huge hit. They cant make a profit at 30 bucks a barrel. 31. 89 right now. Look at this. Money pouring into treasury securities, pushing the yield way down to yet more record lows. Takes your breath away. We were down to 0. 31 at one stage. Now we are 0. 41 . Extraordinary. It has to be said, the United States is in a better position to weather this storm. That jobs report was a blockbuster. Look at italy. Its locking down a quarter of its population, locking it down. That lwill ensure a deep recessio
On in your neighborhood right now will start tonight in the south bay and overturned big rig that spilled diesel is causing major traffic delays in san jose tonight has been all day the crash is shut down all lanes of highway to 37 in both directions. You see the scene here it happened. In the eastbound lanes of to 37 a tanker road hazmat crews are on scene working to clean up all the diesel, Authorities Say people should expect delays and use alternate routes. The reason for. The lost control still under investigation. Its not yet to be determined the officers on scene to get statements from the driver they will some of the effort down here. Unclear when that area will be back to normal but in the meantime of course. First responders and police urging people to avoid that area if you can. And heres a look at real time traffic you see all the red there on to 37 indicating how it is jammed up and obviously this is the friday commute a lot of people are getting around trying to leave for
Your vehicle, you never know when auto burglary of a strike and now other burglars have to think twice before smashing a window and grabbing the night of that could either be the real thing. Henri de coy that will ultimately lead them in jail. In walnut creek has it led you kron 4 news. Governor gavin, newsome was in bakersfield today, he was taking time to meet with veterans who are homeless his trip highlighted Services Offered to combat homelessness and try to build Affordable Housing in the area and across california. Reporter even wallace has more. Robert thomas was once homeless. And now the vietnam war veteran caused this apartment his home, thanks to federal state. And local assistance. His unit is one of 55 units at the par 20th apartment complex near mill creek a complex for Homeless Veterans and low income families if i moved here i have a house with me and my girlfriend. We lost the house. And i had to sit in my truck for a couple of days up to about 5 to 6 days. Who is pre
Things where its always on the horizon, were about to do it. I think they will do it. That will take a huge uncertainty out of the way, usmca, nafta 2, getting that out of the way. The other thing to avoid is a trade war with europe over auto parts and imports. With all the optimism, bank of america said 68 of managerses think the markets going to be good. Thats usually a bearish sign. Lauren i know. When everyone starts saying things are so good, mitch, you study this, you know the stock market, does that mean you should go in the other direction. Not necessarily. Think about what happened last year. We were worried about the fed raising rates. This year the fed lowered rates three times. The markets are sending them a message, saying we like lower rates. I think fed talk will be the thing to look at. I would look at corporate earnings next year. Baked into the market this year is the fact that next year will be a good year for earnings. Last year was a meh year for earnings. Lauren i
Hunt. And now what comes next. Aye reporter the House Judiciary Committee taking the vote to pass articles of impeachment against President Trump one day later than expected. The articles charges the president with abuse of power and obstruction of congress. The articles are agreed to. Reporter the president blasting democrats. And i tell you what, some day theyll be a democrat president and theyll be a Republican House and i suspect theyre going to are remember it. Reporter the critical vote was delayed after Many Americans had gone to bed. Democrats blaming republicans for dragging out the meetinger for 14 hours. Republicans accusing democrats of ambushing them. Delaying the final vote to get more media attention. I have never in my entire life seen such an unfair, rigged railroad job against the president of the United States. Reporter democrats say they have presented overwhelming evidence that president pressured ukraine to investigate political rival joe biden and on strucking a