Good morning, good morning. This is bloomberg surveillance. Your equity market of the s p positive. 5 . Upside surprise on cpi, upside surprise on ppi arguably pushing back rate calls even more. Bank of america talking about goldy shops saying we have gone from goldilocks to stagflation. Lisa right now it is hard to see stagflation priced in. We have gotten two straight hot inflation reads at the same time retail sales are causing concern it may be the consumer getting too stretched. Jonathan it has been weird when you think about the equity market reaction. We were down about one third of 1 on the s p 500 yesterday on hot ppi. Even that we have had the reaction in bond yields up equities have been pretty steady. Lisa ultimately if the fed cuts rates more because of this idea of stagflation, the idea of weaker growth, that will be positive for equities. A resilient economy will be positive for equities. If it is stagflation shock that will be a massive problem. A lot of people are not
Criminals record themselves stealing kias and hyundais. But here in san jose, 6 teenagers took the crime even further. Backing the car straight into businesses. First you hear the alarm and then. You see a car back straight into the san jose smoke shop. Police in the city have been investigating crimes like this since march stacy. She says officers arrested 6 teenagers last week who they believed to be responsible for. 26 commercial burglaries. The same pattern. Of using stolen kia or hyundai vehicles, too breach the perimeter of the business they within enter still merchandise and then take off in the stalled vehicles. According to xi, an adult was also arrested during the investigation. 45 yearold vincent laredo was before firearm narcotic and child endangerment charges, but not commercial burglary when it comes to the teens, she says 3 of them were arrested in july for similar crimes. It was using a usb cord, some sort of style using these course to break into the vehicles. The cars
Jefferson square park and Sacred Heart Cathedral prep. Police are saying they got a report of someone in a car with a gun around 12, 30 this afternoon. Officers are on the scene right now trying to make contact with that person and people are being urged to avoid the area beech street between franklin and van ness avenue. We have video now just into our newsroom. This is from gas street showing us the heavy Police Presence there. Officials say there also bringing it hostage and crisis negotiators to the scene. Again, there are reports of a suspect armed with a gun inside a car right here on street. People are being told to avoid the area as soon as we get more details about whats happening here in San Francisco will bring you updates right here on kron. 4 news at 2, 3, and on kron 4 dot com. Happening right now. Crews in the north bay are racing against the clock to try and clean up a massive spill on. I78 either trying to do this before the evening commute. Thousands of gallons of a h
50s and 60s. Look at fairfax, though, you fallen into the upper 40s. So some of us in the north bay have been getting a little crisp and chilly during those morning hours. 80s for your daytime highs in london. 70s later on for the bayshore that looks like yesterday and feels very similar. Going to be breaking it all down in your forecast rain. All right, john, thank you for for everybody. Waking up hitting the roads today. Maybe youre traveling into the city this morning about 10 minutes mays to that fremont street exit. So still under 11, youre still making really good time. 12 minutes, 81 to one across towards the peninsula. Richmond center fell bridge about 7 minutes. Fair and checking on the golden gate for you. 37 to the tolls. 19 minutes on this wednesday. Times. Back to you. Thank you so rain is 601 right now. And breaking news from overnight. San jose police are investigating a shooting that sent 2 men to the hospital. It happened in the street just outside of a business comple
Thank you for joining us here on kron. 4 news at 2. Im justine waltman. That breaking news skyline. High school in oakland was placed on lockdown today after shots were heard near campus. This all began around 11, 30 this morning. No injuries have been reported. Police are saying now they have detained people in connection to this incident. We do have a live picture right now outside of Skyline High School where we are expecting Oakland Police to address the media right now. You can see the crime scene tape. Thats a possibly parents or guardians. Theyre waiting for their kids to come out and the microphones there in the front as soon as Oakland Police approach the podium and start to give us new details. Well bring that to life right here on kron. 4 news at 2. And this latest shooting is coming as a woman is fighting for her life after she was shot near lake merritt in oakland. It happened yesterday around 12 30pm, in the afternoon. Heres video of the scene from the citizens app. You c