September, and if you havent paid attention tesla shares are down 10 this week alone only two trading days. If they had gotten ai from oh. Well talk about that, a war of words, openai is firing back at elon musk. Theres 1 chance well talk about it. Publishing emails appear no show the tesla cofounder did support creating a for profit entity. Lets begin with the markets and the testimony from the fed chair today. Jim, got some news on what he will say in terms of written words. Yeah. Look, i kind of when march is off the table, i think this is, obviously, one of those, i want to get a little more expansive and getting tired of the game of what month instead, what i see is a man who said listen, were not going to have a hard landing or soft landing. Were fine if it gets weaker well cut. Its kind of a Great Central bank essay about what you need to do in order to be able to get out of an inflationary period. David, i think hes becoming more of a, lets just say a true statesman how far to
Markets. Expecting nikki haley in south carolina, Jerome Powell in washington, d. C. We have the s p 500 up about one half of 1 . And the nasdaq 100 also seeing similar gains of stocks. The Philadelphia Semiconductor index on track to erase the losses from yesterday and we have the twoyear yield just dropping down to 453 on the day. Now, were going to bring you the jolt state joined by Michael Mckee to join with us the details. Michael looks like shanoly, it is unchanged. The revised number was 8889. Not a drop there but it was a significant from over 9 million. No change there. Sonali as we wait for Jerome Powell to start his. , what is his expectation out of not just what he will say on the onset what types of questions he may get . Michael hes already given up his text. Its very short and he repeats the idea that theyre high rate and they will cut rates. They hope some time this year. But they have to make sure that inflation is still on its way down. So nothing new in that. The que
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We cannot find much fog. Vacaville has a north wind with a slight offshore, and here goes. Starting off clear, warm and nice. A few patches down toward monterey, but 80s, 90s and a lot of 100s. By the way, the Alameda County fair said there is no horseracing today. They are open but they have canceled a lot of events today. It is too hot. That is good for the animals. Good morning everyone. Lets take a look at the commute. Eastbound 80 has an accident Near University avenue and it closed all of the freeway one point but it looks like the lanes are oh and. Are open. Westbound i80 traffic looks pretty good. Not a lot of bald over the Golden Gate Bridge fog over the Golden Gate Bridge. Driving the super commute on westbound 580, no major problems. No problems through tracy and the Altamont Pass into livermore. The heat has been blamed for at least two death in the south bay and there is a report that a third person may have died, and the elderly woman that was gardening was one of those v
Sweating all night thinking i need a break, you will have to wait a little bit longer. But it is a beautiful shot anyway. A gorgeous place to live but it has been a little bit too warm. Welcome back to mornings on 2 on this thursday, june 22. I am Claudine Wong in for pam cook this morning. I am dave clark, and it is going to be a very hot day. I am shot that it is too warm or claudine. I had no idea. You have been complaining as well, so i feel better. It is hard to sleep. Other than that it is summer and it gets hot. That is a long stretch for us, eight days. After day nine it will start cooling down. A heat advisories out for everybody with a high fire danger. 72 in livermore, 70 in san jose and brentwood 75, berkeley at 59 and San Francisco at 59. 13 degrees warmer in livermore than 24 hours ago. Everybody is on the plus side. Yesterday we started out cool but that north wind came in and with the days being so long that is what happens. We are getting that north wind for some and s