Venezuela going crypto, raising 750 million in preorder for its oil dodge crypto currency. How it helps petro can stop its economic sales. From jeers to cheers as lindsay bond slams the haters after she fails to win the gold in south korea. An American Band sees a surge in popularity thanks to russia. A big night at the olympics last night. This wednesday morning. Dagen mcdowell, rose coceo managing partner mike murphy and benchmark managing partner kevin kelly. Weve got an actionpacked week with the Federal Reserve note. We would get a read through or not. We have seen yields are blowing out. The twoyear treasury is at its highest point since the lehman crash it to point to 6 . These are the minutes from the january meeting. Yields on the twoyear been as high as theyve been since 2008. That was an option yesterday. About a quarter of a trillion dollars in treasury being auctioned this week. Again, is the demand there for the subs supply. The demand is always there. Its just what you o
Tom it is a backdrop for our conversation with Alan Greenspan, not a public official right now. Chairman greenspan has a lot to say, particularly about the bubble that we see from quantitative easing. Stan fischer is the vicechairman of the fed. He brings to us not only the domestic conversation, but decades of experience in eight in international economics. Lets get to our top headlines with vonnie quinn. Vonnie coming back to you later in the morning from washington, d. C. , with those interviews. Violence erupted at the demonstration marking the oneyear anniversary of the death of Michael Brown. The unarmed black man who was killed by a police officer. [gunshots] get down. Gunfire. Police say a man began shooting at officers and was wounded when police returned fire. The suspect is in Critical Condition. Donald trump is refusing to apologize for comments he made about fox news anchor megyn kelly. He is under fire for how he described her performance last thursday during the debate.
Temperatures in the 50s for most of the bay. The valleys will finally get some relief from 90 degree heat as a stronger ocean breeze brings cooler air farther inland. In fact, some communities will see a 7 to 12 degree drop in temperature. Expect partly cloudy skies and highs this afternoon to peak in the low no major hot spots. Bay bridge wb 80 is less then 30 min from the maze to sf. Acciden nb 101 cesar chavez in san franciso. Oakland sb 80 at 66th acciden ton the shoulder mark happening now. Parents and students on heightened alert after a threat said there would be a School Shooting today in the north bay. darya will tran is live at Redwood High School in larkspur this morning with the details. Will. Happening now. Parents and students on heightened alert after a threat said there would be a School Shooting today in the north bay. The threat was issued at Redwood High School in larkspur. The school says there is no evidence that it is a credible threat but the school is not taking
Points s p backslid, nasdaq declined. Stock market is a market like any other market. When theres too much demand, stocks go higher when theres too much supply as in the last couple of hours of the day, stocks go lower today you can see supply and demand dynamics in action. Often forget thats what its about. Demand side of the equation. Right now all about tech, transports, huge demand for Semiconductor Stocks, gaming stocks, data center, ecommerce, social media and so far. Airlines, freight and railways where is the supply coming retail sector. Bordering on travesty. So much merchandise for sale in the retail aisle of the stock market theyre marking it down as if the whole store is closing. Sell sell sell sell sell sell sell sell sell sell sell sell sell. Its a total Liquidation Sale oils are headed down too this is another story weve seen before too much oil in inventory and no place to put more of it. Oil Companies Keep selling futures struck at 50 a barrel nothing has changed. Crud
Since may. As we said, big beats from cat, 3m and utx zpl global same sales closing 6 for mcdonalds. And pipeline concerns before the ten orders again shipments may only be half of what was expected. Stocks are poised for a strong open help the by results dow components and caterpillar and others, a significant increase in demand for Construction Equipment, 3m and utx beat on the top and bottom line and upbeat guidance for the full year those are going to be the stars today. Some of pretty amazing, caterpillar appepared back the workforce. Its almost as if they pared exactly the right time when orders explode, you get that leverage and youre seeing earnings weve been waiting for caterpillar i would say since 1983 or 84, finally getting the breakout 3 m chugging forward greg haze, great organic growth. I dont want to overlook this Stanley Black and decker, tools up 9 . Some numbers are rather extraordinary and catching attention because these are the same numbers that say gdp will be mu