Welcome to the 9, alongside sal and gasia, im mike. I want to bring you up to speed on breaking news out of San Francisco. San Francisco Police in muni, noticed a suspicious package on van ness, shut down between mission and market. This is new video into our newsroom from fresco user, jake korea. Traffic is blocked from Market Street down to mission, as i mentioned on south van ness the the bus line, 47 and 49 are being rerouted. Theres no word on when they will clear the package. Though it does appear only he is streets are blocked and the rest of the area is doing okay. A good area to avoid is south san ness between Mission Van Ness between mission and market. The city of charlotte is under a state of emergency, riding on the streets for a Third Straight night. Its a developing story involving protests against the Police Shooting of an African American man. You all cant kill us all. Long time charlotte residents in disbelief. Their city on edge following tuesdays controversial shoot
In the Energy Industry say the worst of the oil bust has passed. This is the report of Economic Conditions that policymakers are used at the next policy meeting, and a lot of talk from fed members that they might raise Interest Rates at that meeting at the end of the month and used as ammunition for both sides on that debate. Cheryl debates are going to happen now, peter barnes at the Federal Reserve and what the beige book says, i want to bring in andy bush with Asset Management ceo scott martin. Labor conditions tight, the fed has a dual mandate, Monetary Policy and the employment picture. That doesnt seem like they can make the case for a raise right now. It is an interesting word to use. When you have millions that left the eligible labor force and unemployment rates have fallen to 4. 9 you can call that tight. I would look at average hourly earnings, last month 0. 1 in a year over year basis roughly 2. 5 which is close to a multimonth high but not that hot to me so you are right.
STRONG - It is with a heavy heart that we announce the passing of a remarkable man, David Alton Ladd, affectionately known as 'Crash', born on August 10, 1950, in Farmington, Maine. David was known for his wild hair and witty comments. David was a lifetime native of Strong, Maine, where he spent his life.