A 42 year high headline, low headline looks awesome but what is your forecast . Neil dwane probably in the next 18 months as we go through brexit negotiations you can see at the margins, unemployment will rise again. Would say is the u. K. Has done very well in the shortterm because the u. K. Consumer has borrowed and spent. Savings rates in the u. K. Have no collapsed to the lowest level possible and your headline is that there is a wage squeeze. Postbrexit, it will constrain the spending by the u. K. , if money isumers cheap, they borrow from the fed they now borrow and spend. The bank of england is worried about the system and all of the other things we have seen in the u. S. So everything has been pulled forward in the u. K. Which is why i am more nervous that we see a slowdown, even if we get the government be a more fiscally supportive. I dont think in the next 18 months that it is a good thing. Alix for the hawks are doves . Joshua feinman i dont think it will raise rates. Alix
A 42 year high headline, low headline looks awesome but what is your forecast . Neil dwane probably in the next 18 months as we go through brexit negotiations you can see at the margins, unemployment will rise again. Would say is the u. K. Has done very well in the shortterm because the u. K. Consumer has borrowed and spent. Savings rates in the u. K. Have no collapsed to the lowest level possible and your headline is that there is a wage squeeze. Postbrexit, it will constrain the spending by the u. K. , if money isumers cheap, they borrow from the fed they now borrow and spend. The bank of england is worried about the system and all of the other things we have seen in the u. S. So everything has been pulled forward in the u. K. Which is why i am more nervous that we see a slowdown, even if we get the government be a more fiscally supportive. I dont think in the next 18 months that it is a good thing. Alix for the hawks are doves . Joshua feinman i dont think it will raise rates. Alix
We do start out with nice Cool Temperatures around the bay area and it will be a fairly warm afternoon. We are right now at 62 degrees in the peninsula as we look live in daly city for the peninsula and trivalley. Live from pleasant ton 58 degrees, 55 in the north bay and we also see those low clouds looking at San Francisco, 55 degrees there and our highs this afternoon will reach into the mid 90s for concord, antioch up to 96 degrees, morgan hill 95, san jose in the upper 80s. Palo alto will be at 84, oakland 76 and 70 today in San Francisco. Our temperatures ramp up several more degrees tomorrow, i will talk more about this coming up in a few minutes. Mike starts up out with a traffic break. The sig alert issued by chp look at most of your bay is moving well, a couple pronounced slow downs as well, but the north bay update the good enough and i have to cover this the crash was completely cleared from the roadway, this one northbound 101 has completely cleared the roadway. Heading aw
Shanghai up. Early trading in europe, modest advances across the board. Cac is up. If you look at crude oil, last week was big for oil up 4 for the week, in spitting distance of 50. Up to 49. 78 a barrel. Corporate news the big one, Charter Communications announced it is not interested, i repeat, not interested in buying wireless carrier sprint follows news friday that sprint was interested in merging with charter to create a media outlet controlled we understand why a deal is attractive for softbank. Could kill any chance of deal between the companies. The wall street journal saying the ceo could make a formal offer anyway take a look at shares of sprint. Put context around whats going on sprint up close to 6 . Charter up marginally as well. Surprising sprint is where it is sprint had been talking back and forth to t mobile. Thats been the natural partner. T mobile effectively spurned sprint and sprint has gone on this sort of merger talk spree with anybody who will listen surprising
Reporter behind me the 32 yearold man now accused of having a sexual relationship with the 17 yearold male student were learning the helm at a bus and coach of the cabana club and taught swimming Evergreen High School water polo as ed said teresa high school. Those attending a Board Meeting and the kids are supposed to be a one percent safe. Shes not surprised by the accusations she is hoping the district will take action. And then expect this begun camera with the media is more of. Steve breaking news we have been following out of the south bay. One suspect has been arrested following several Sexual Battery incidents in the past week at san jose state university. The suspects identity is not being released but Officials Say it is a student at the school. Police released this servailance photo of a suspect in the Student Union Sexual Battery case and now have made an arrest in that same case. Officials say they believe the person in cusotdy is responsible for multiple Sexual Battery in