You have time to search your legs get ready. For what will be a cool rainy and just overall look not so great weekend to be outside too terribly much now this morning we do have some low cloud cover that is pushed into the bay overnight was actually really is watching to come out from the coast last night it really hasnt resulted in too many visibility issues for you just enough to kind of shroud the bay and that foggy feel this morning. We are nice and dry to kick off this thursday, so really no risk of rainfall roadways are nice and dry in most of us are very clear as well, 40s and 50s for your current temperatures with berkeley in conquered in alameda egypt, 51 oakland one of our warmer spots at 52 degrees now later on today weve got all the sunshine after some patchy fog, its just mild to warm with temperatures inland, even warmer than yesterday want the coast. A little bit cooler in some spots and thats partly due to that cool marine influence evidence being that fog settle down i
What was behind this tim. I think we just got so oversold, mel. If you look at the tenyear, we were actually at 20 years we hadnt been this oversold in relative strength or how you want to measure it, but you can measure it we went from 204 down to kind of 161, 159 i think was the low on the 30year bond we got within a whisper, we might have touched, probably a bit north of the alltime historical low set on july 8th so when you came in this morning, it was bonds, banks and brent which were driving the story, and then suddenly that turnaround tuesday that we were talking about happened on wednesday. Again, i think you just came from a place of being extremely oversold the machines had gone to work. Whatever you want to say fundamentals on the equity market right now are such that i think bad news is bad news i think that thats not necessarily going to be a panacea in the way it has been, but i think for a day at least we are addressing the reality. I think things were oversold. We are j
What is required to bolster the economy. Basisx faces of tech of grilling. The biggest showdown with congress in 20 years. Shery lets get you started with a quick check up on how markets closed. The tuesday session in the u. S. That p 500 halting fiveday rally that we saw in the past week. We have the tech sector underperforming as we had more scrutiny on regulations from congress on some tech giants. The nasdaq fell. 4 . Energy producers were waiting on the s p 500. We continue to see the oil selloff. We had great news when it came to a few earnings. Goldman sachs jumping after the beat on their trading revenue. Pretty solid bailout when it came to u. S. Retail sales in june. Lets see how we are setting up for asia. Sophie this wednesday, asian futures are pointing lower while stocks and wellington are not budging too much after a twoday decline. A rise in iron ore output. Korean chip related stocks on view on reports that they are Testing Hydrogen fluoride from other countries. Crypt
Well have to wait until christmas. Theres still that chance. Well start with your storm impact scale which is still a 1, light, for rain that will become showers this morning, less than a tenth of an inch. You can see the steadier rain moving through the south bay right now with a little bit of light rain still lingering back to the san mateo bridge. You can see a clearing taking place across the north bay but then the showers and the breezy conditions are just to your north and those are going to move in over the next couple of hours. A look at the light rain on 101 and 880 in san jose. Your accuweather 12hour planner, isolated at 7 00. Milder. It will be quite mild at noon, 50s. But those breezes will kick in and make it feel cooler than the mid50s like at 4 00, and then well see stars at 7 00. 45 to 48 degrees. Well take a look at your activity planner coming up next, here is sue. Last we check there was a stalled ac transit bus blocking the two left commuter lanes there and that ha
Texas today. While in dallas, hell get a hurricane update. The president cant escape the civil war of words between him and members of his own party. Reporter arizona senator jeff flake says his decision to retire from congress has freed him to speak out against President Trump. The longer we go, the more his behavior is normalized and that is a problem. Reporter flake published an oped in the Washington Post this morning, saying republicans can no longer remain silent, waiting for someone else to do something. Bob corker also says he debases the country. Flake told cbs this morning, he believes others will join them. I think that we have a responsibility as elected officials to speak out when theres behavior that is just beyond the pail, and some of what weve seen i think fits in that reporter the white house is dismissing flake and corker and points to tuesdays lunch with gop senators. President trump hit back. Saying the reason flake and corker dropped out is simple. They had zero c