Is good but the one business show you cant afford to miss im going to bore in washington coming up the fed is decided to keep rates steady in the midst of the coronavirus devastation we bring you inside or inside on the decision and what lies ahead for the u. S. Central bank clutched at the Federal Reserve has propped up markets in the u. S. It is posed an interesting issue for a major debt holder china and later the race is on for the head of the World Trade Organization and the European Union is weighing in we bring you the latest on the run with a packed show today so lets dive right in. And we lead the program with the latest policy update from the Federal Reserves federal open Market Committee as expected fed chair Jerome Powell and now its Interest Rates will hold near 0 through 2022 but the real question has been what action will the fed take moving forward. Since march weve been purchasing sizable quantities of treasury and Agency Mortgage backed securities you know to support
Conversation, what jack dorsey told barrons. My colleagues, ben levisohn, carlton english and jack howe. So, ben, according to lpl, the market had its best 50day streak in all of history, and that was before fridays 800point jump. Is this all about jobs . Whats going on . Yeah, i mean, the market certainly sniffed out something, Something Big happening, and it really, i think, was shown in this jobs report. 2. 5 million jobs were created last month, and to show just how crazy that number is, the most optimistic economy who was surveyed expected a job loss of 800,000. I mean, its just an enormous dishes, and this is difference, and this is fantastic news showing that the recovery from the coronavirus shutdown is going faster than anybody really expected except for maybe the stock market. [laughter] jack so as investors, with we a always want to think about risks, right . There could be a second wave of pandemic, we still have three times as many people collecting Unemployment Insurance
Happy sunday. ait is may 17. a good morning to you. a woke up to the sound of the a rain. This is on the roof this amorning. athey had this this morning to a see how this day is going to shape aup. a and rosemary, i think you said a yesterday morning it will be a a little bit off and on. Good morning. a waking up at the cloudy skies. a the rainy conditions. awe will begin to see peaks of a sunshine and blue skies. aalthough we will be completely. aa giving a live look bear over a the east bay shore where it is a a bit foggy and cloudy and a soggy. We are looking at temperatures ain the 50s. Lets atake a look at the radara i do imagine we have some a drizzle out there falling belowa the radar. Just a few sprinkles being apicked up around the east shora and areas over the north bay. a shifting and around the a peninsula. Not muach going on at the moment. aa we have inside the bay and as awe go towards the sierra we ahave snow falling here with a advisors expected that will last all the w
Conversation, what jack dorsey told barrons. My colleagues, ben levisohn, carlton english and jack howe. So, ben, according to lpl, the market had its best 50day streak in all of history, and that was before fridays 800point jump. Is this all about jobs . Whats going on . Yeah, i mean, the market certainly sniffed out something, Something Big happening, and it really, i think, was shown in this jobs report. 2. 5 million jobs were created last month, and to show just how crazy that number is, the most optimistic economy who was surveyed expected a job loss of 800,000. I mean, its just an enormous dishes, and this is difference, and this is fantastic news showing that the recovery from the coronavirus shutdown is going faster than anybody really expected except for maybe the stock market. [laughter] jack so as investors, with we a always want to think about risks, right . There could be a second wave of pandemic, we still have three times as many people collecting Unemployment Insurance
Temperature s cool. Because it is day four and that is one reason why the Weather Service left it up but our inland east bay neighborhoods will still be in the mid to upper 90s as the heat holds on there and that is where the highest risk is going to be this afternoon. Look at this from the exploratorium camera. 53 with fog. You know things are changing when you see that happen. Here is a look at the accuweather 12hour planner and 57 at the coast and still some clouds at noon while the rest of us break out in sunshine and 67 to 88 and only 80 around the bay at 8 00 and not much warming and then 70s and 80s. That evening walk much more comfortable tonight than it was last night. Lets get back to reggie for more news. Mike, thank you. We live in strange times when we get excited about the dmv. But here we are. 46 more offices opening today including eight right here in the bay area. Heres a map showing you where they are. The list includes daly city, pleasanton, santa clara and the oakla