Report. A bit of a mixed bag. It is consistent with some slowing. The manufacturing slowdown is continuing. But it is happening at a very gradual pays. It is not a falling out of bed moment. It is not flashing red, the economy is falling off a cliff number to me. Not falling off a cliff. Not much of anything to me. The market is priced in for an october rate cut. We have to pencil in a rate cut in october. For those looking for a decisive message, a deterministic one, they did not get it. Around theoining me table to discuss in a new york are our guests. I want to discuss what changed this week. Nothing has really changed on the economic backdrop. Did have some week numbers there, but an on track jobs number and an upward revision for august. We have been on this trend for a while, where revisions have been up. It is a weird environment where we are in, where an employment continues to be strong, and the probability of a fed cut winds down slightly, from around 90 to 75 or so. The fed
A couple of big stories this morning. Peloton pricing the ipo. Price tag at 29 a share raising about 1. 6 billion now valued at roughly 8. 1 billion makes about a billion in revenue but loses 245 million annually. Now under the ticker pton. The peloton ceo will join us live this morning. If you have questions sen them in peloton. 245 million in losses well talk about the math of that and where they see profits and what it all means. Does anyone know about the treadmill . I do. It is expensive. It is about 4,000 the bike is about 2,000 plus. I have one. The bike is quite a piece of equipment. It is heavy. It is really well made i just got one two weeks ago. You can have someone screaming at you you can go outside. It is there, all free. Eamon javers is with us the hardware is a highmargin product. Higher now than an iphone. It is the services and the investment and the media component costing them they are doing a lot of build outs is that recurring cost or eventually be built out . The
Were leading into low 70s later today. A look at all of our microclimates, we are going to be heating it up in the inland east bay, the south bay, and the north bay and were also going to see a few clouds moving by for one last day, before some lower humidity arrives. Ill talk more about that coming up and mike, you have a new report out of San Francisco. I do. Mark on this map as you look at the green sensors for the big view you see an issue for the south bay off of highway 17. Youll stick around because that is a bigger issue for the south bay. Over here a minor issue for traffic flow, southbound 280 at cesar chavez a disabled vehicle but your slowing ablocked rig i. The bay bridge slowing at the toll plaza for the cash lanes. Back to you. All right, thanks, mike. Breaking news to tell you about this morning out of the south bay. A man clinging to life this morning after a brutal stabbing at a gas station in campbell. The scene is on East Hamilton avenue right off of highway 17. A p
Have negative impacts on the surrounding community. The new kpix5 news at 7 starts now with the feds kicking off a major crime crackdown in San Francisco. Good evening i am elizabeth cook. I am ken bastida. Andria borba joins us live from the tenderloin, whats going on . Reporter the dea has already taken 32 people into custody in connection with two hunter and drug families that were setting up shop in the bay area and peddling their drugs here in the tenderloin. My 23 years of Law Enforcement i havent seen this Business Model before. Reporter in hundreds of pages of charging documents, the Drug Enforcement agency says it is cracked not one but two Drug Trafficking rings run by hand or nationals based in oakland, and selling in the tenderloin. These commuter drug dealers, every load or every morning a new load would come into the east bay, packaged up. I did take bart or commute across the bridge, into the tenderloin to sell your drugs during the day and then come back to the east bay
The committee will come to order without objection. The chair is authorized to declare recess of the committee. We are convening to hear the testimony of acting secretary of Homeland Security Kevin Mcaleenan. I want to briefly address the spectators. I already saw two signs being held un, so i want to address you. We welcome you and we respect your right to be here. We also ask in turn that you respect we ask for your respect as we proceed with the business of this committee today. It is the intention of this committee to proceed with this hearing without disruptions. If a disruption occurs, listen up, a Capital Police officer will go up to the individual and instruct they cease demonstrations. If the individual does cease, no action will be taken. However, if the person does not cease, he will be asked to leave. Were grateful for your presence here today and your cooperation and we want to move this hearing along quickly. Every time i have to stop and police have to address issues lik