And their currency is under siege. Our problem is a Federal Reserve too proud to admit their mistake of acting too fast and tightening too much and that i was right. They must cut rates bigger and faster and stop the ridiculous quantitative tightening now. Which gets us to the markets this morning, jim. We have been talking about negative rates, they only continued to worsen. It is a strange phenomenon to be sure but it is also a worrisome cycle people believe because you have negative rates that auger for weaker Economic Growth or a lack of growth you have what are it becomes selfreinforcing you have the global coordinated monetary easing going on right now. And you have the first time people talk you about the possibility of rates here falling dramatically from where they are now have you ever seen a ten year whipsawed as much in yield in the half hour period as we did this morning almost as if someone wants to get ahead of even lower yields there is a big short position in bonds. Th
Saturday, the trend started now. Lets get to it. A baseball forecast, the nats and giants 12 45, mostly sunny. A breeze but if you have been to a day game on a wednesday you know what to expect. Cooler forecast begins today after hot conditions inland. Not so much coast and bay. They have been in the 60s or 70s and 80s. Inland incomes the 90s. That will take us over the next couple of days. Temperatures still upper 80s. There might be isolated 90 or so. Oak land, san carlos, san jose the 70s. Capcap to la, 70s. Sierra dealing with cloud cover. This on the lee side but close enough, going the push off towards the east as this low begins to make its move. One there, not a lot of moisture. Another open system there. The wind cranked up in advance of that. Grayton 49. Low 50s in there. Winds are 50 degrees. Upper 50s to near 60. This low is setting the stage for a big cooldown today and towards the end of the week. 60s and 70s and mainly 80s through interior. Sal will tell us traffic is .
Humid. Temperatures again getting in to the upper 80s to low 90s. After today, that low will sweep through. Could bring rain late friday and saturday. 60s, 70s, upper 80s low 90s inland. Oak land police are investigating a double shooting overnight. One person died. Up it happened before 11 30 near 24th and adeline street. Video shows two men were hospitalized with gunshot wounds and one died. Police have not released information about a shooter. Three victims are now home. Stanford Medical Center says two of the people have been released. Santa clara valley says one person treated there is back home. Valley is treating two shooting victims. One is in fair condition. The other is not allowing any information to be released. Gilroy police and fbi say they have new information about the shooting they can release to the public. They will hold a News Conference at 11 00 this morning. We will have a reporter to tell you what investigators have learned. President trump says he will be visiti
Not much of a breeze. 50s, 60s on the mild side. Southern california, beginning to pick up in intensity. The moisture moving in. If you have travel plans eye o looks lakeththunderstorm activity, Sierra Nevada, a lot of show. For us, this low will play in our weather tomorrow, with a big cooldown. Warm and muggy at times. Mix of fog is sun and higher clouds. Wednesday this to friday, a cooldown. 60s, 70s, 80s to near 90 degrees for some. After today we will start a significant cooling trend. Sal is here. The usual busy or something new . A couple of items out there, steve, that slowed things down. The usual is the bay bridge. You can see traffic is backed up as it normally is for a 15 minute wait before you make to it the span. Northbound 880, oakland, there is a crash near 23rd. Beginning on northbound 880. Northbound 880 slowing fromel the colosseum. The crash is here at 23rd. Use 580 westbound. A crash on the sanol. Looks good in to san jose. No problems on the peninsula or the south
Clara, cupertino, saratoga and san jose. Higher clouds looks like were on the tail end of it. Some will drag across. Look at that. Rain. Moving into the desert. And also east of l. A. And san diego. If youre going down there, keep an eye on things for us. Well get the higher clouds. Still be there. Not as intense as what we saw yesterday afternoon. Warm to hot. Kind of muggy. But by tomorrow, that low starts to make its move. And pretty significant. Highs today, 60s, 70s, 80s. To near 90 degrees. Sal is here at 7 01. And he tells us, the traffic is mostly moderate. Our friends in Livermore Valley are having a tough morning. Ill explain in just a second. If youre driving over to marin from richmond this is your commuter. It looks normal. When you get over to marin, you wont find it especially hard to drive in marin county. This is 880. Its recovered after an earlier crash northbound near 23rd that was gone. And traffic is recovering nicely. Westbound bay bridge. Backed up full strength.