To the inability to get a nafta replacement deal done with mexico and canada, to the federal reserves lack of sensitivity to the strong dollar put it all together and the industrial economy just cant catch a break. And thats why the market exploded higher on that robust employment figure. Dow gaining 373 points, s p soaring 1. 2 nasdaq surging 1. 40 it didnt hurt that we were oversold look, i know the Unemployment Rate is down to 3. 5 lowest in nearly 50 years. But it has to do with the makeup of the economy the manufacturing side of the ledger is not just doing that well the weakness in manufacturing hiring gives fed chief jay powell all the ammo he needs to justify cutting the federal funds rate that may make it more in sync with the traditional curve of low short rates to higher long ones normally, you wouldnt expect the fed to hit the accelerator with the jobless rate this low, but wages are still stagnant and theres no inflation to speak of basically, if powell is asking himself,
S p off by almost five and nasdaq down by 24. You see President Trump calling out china and a little afternoon, word about nancy pelosi announcing an impeachment announcement, then President Trump saying hell release the full transcript. This is just the volatility we saw. Definitely wall street watching washington to see what news comes next weworks cofounder adam neumann is stepping down as ceo. The starrup once valued at 47 billion has shrunk in a matter of weeks he said, quote, i am so proud of this team and our company. Our business has never been stronger in the recent weeks, the scrutiny towards me has become a distraction. I have decided it is in the best interest of the company that i step down as executive each will have three votes down from 20. Weworks former copresident and vice chairman have been named coceos of the company the Parent Company, we, could layoff 4,000 to 5,000 in response to this there may be a search attempt for a new ceo. They named two and said they were
Continue our coverage of todays breaking news. Senator Dianne Feinstein has past. She is remembered as a trailblazer in american politics and an inspiration for women in the world of public service. Many in the bay area today remembering feinsteins legacy, including former mayor willie brown. Proffers Charles Clifford caught up with brown earlier today and he joins us live now from feinsteins home. Charles, what should we know . Well, as you mentioned, i am Dianne Feinsteins home here in San Francisco is kind of a quiet corner of the city. Not too many folks stopping by, but where there are some flowers appearing here a few by stop people stopping by to pay their respects earlier today over north beach, i caught up with former San Francisco mayor willie brown and got his reaction to her passing. I obviously. Instantly didnt believe friday morning. Former San Francisco mayor willie brown said he was shocked to hear of the passing of senator Dianne Feinstein, especially after she had vot
Sewer upgrade. This is on oak street near divisadero right drones are bar and the gas station there. Our kron fours rob nesbitt was there when the fatality was announced and joins us now live from the scene with details. Rob. Grant and vicki, my first arrived on scene. There a search and rescue effort across the street with a trench is located at that dirt pile on the other side of this traffic. There were cables boards. They even had a giant vacuum to try to remove dirt from the top of the manic canines were used at that ranch as well. Eventually crowds gathered along the sidewalk, found out that the man did not survive. Around 50 rescuers first arrived to oak street in San Francisco around 10, 30 thursday morning frantically trying to save a man trapped 8 to 10 feet underground. Several residents in the area like audrey grooms waiting and watching behind the caution tape risk. You have person is good. It took about 2 hours before the mans body was found. It was announced that he did
captions by vitac www.vitac.com good evening. this is the source and i m kaitlan collins. an extraordinary new israeli offensive is underway in the skies of gaza tonight. much of it is playing out right before our very eyes. cnn cameras captured these images that you re seeing here, scenes of flares raining down over the night sky in gaza. there appears to be a smoke screen that is covering the ground, potentially suggesting the possible movement of troops in that area. the israeli military says it has completely surrounded gaza city tonight. all of this is coming as prime minister benjamin netanyahu appeared with israeli troops earlier today saying and i m quoting him now nothing will stop us. that, despite the fact that secretary of state antony blinken is pflying over to isral right now in part to press for a pause, at least a brief one, in the fighting so that hostages can get out and aid can potentially get in. all this is coming as hamas is still firing on i