Bernanke putting a damper on the markets this afternoon after he said the central bank does not have the tools to offset the full harm of going off the fiscal cliff. Yet, rob morgan is not concerned. He says he thinks the fiscal cliff has been overblown. Are they overblown . Lets bring him in. Rob joins me now along with brian ferhrry and rick santelli. Rob, youre not worried about the fiscal cliff. Im worried, maria. Just like chairman bernanke is. Congress and the administration have to get together, but, you know, the president s been very clear that he doesnt want necessarily higher tax rates. He wants more tax revenue. Speaker boehner said, well, geez, we can get higher tax revenue just by closing a few loopholes, restructuring mildly the tax code. So i think the fix is in. Its just why hasnt it happened. They wanted to wait until after the election, see if both sides wanted to see if their hands were strengthened. Obviously, the president has the strong hand. They sort of like ta
Everything is moving nicely, so far, so good. We had an early accident at sierra point, a mail truck was stuck in a ditch. It is now cleared. You can see the slow traffic has gone away. We have a delay at sfo on bart at 15 or 20 minutes in pittsburg direction because of equipment problems. Make your plans accordingly. We have the metering lights on at the bay bridge toll plaza and traffic is backing to the First Parking lot and all the headlights are headed into the city. Developing news this morning, a fierce wildfire continues to rage out of control near yosemite that jumped containment lines. The rim fire has been burning in the National Forest for six days and only 5 percent contained. 16,000 acres are gone threatening 2,500 homes and hotels and camp buildings. Highway 120 is still closed. Abc7 News Reporter Katie Marzullo says authorities issued new evacuation advisory. Concord police say a distinctive armed robber struck again. Abc7 News Reporter Amy Hollyfield is in concord with
Police shootings . Has it led to a rise in Violent Crime . Here are his first remarks. Our officers are answering 911 calls but avoiding the informal contact. I spoke to officers privately in one big city precinct. Who describe being surrounded by young people with phones taunting them when they get out of their cars. They said to me we feel under siege and dont feel like getting out of our cars. The suggestion, the question thats been asked of me is are these kinds of things changing Police Behavior all over the country and is that what explains the map and the calendar. The honest answer is i dont know. And i adopt know that that explains it entirely, but i have a strong sense that some part of the explanation m is a chill wind that has blown through Law Enforcement over the last year. And that wind is surely changing behavior. Lets go to our justice correspondent evan perez in chicago, where the fbi director seems to be maybe a bit softening his rhetoric. What is it he just said, ev
France to get a scope of what we are talking about. After this truck started hitting people it kept going plowing along the beach front and french sz riviera. We have a team of correspondents. I want to start with bill who has the latest for us from nice. Reporter good morning, thomas. Last night this street was filled with thousands of people enjoying and gazing up at a Fireworks Show when a truck, its still there, plowed into them at high speed and kept going. The driver was of tunisian or general but we dont know who he was linked with. A driver on a killing spree. There were celebrations on this sea front. Terror as he drives towards dozen of people. Eyewitnesss say he zigzagged from the road to the board walk plowing through women and children. There were thousands scattering, runs for their lives including american kayla rapin. We just started running. Reporter as many as 200 were hit by the truck. Dozens died, among them two americans, a father and son from texas, Sean Copeland
Saw a number of deadly attacks targeting large crowds, authorities arent taking any chances. Well show you how authorities in times square are beefing up security like never before. And this is sort of a trump 101, you know, master lesson in how to antagonize and ag vit your political opponents. Looking for a reaction. He trolls the Science Community with a tweet mocking Global Warming, but was there more to it . We have bill nye, the science guy, here to respond. First the wideranging and oftentimes rambling interview with the president conducted by a journalist for the New York Times. And it just so happens that journalist is here with us. Michael schmidt, washington koern correspondent for the paper. Also ken vogel also with the New York Times and republican strategist rick tyler is here. Good afternoon, gentlemen. I want to read one of the most eyepopping quotes. Trump talking about robert mueller. He says i hope that hes going to be fair. He says, i think that hes going to be fair