Streaming on cbsn bay area, we are looking live from our camera on Treasure Island as we look out at San Francisco. You can see the Ferry Building there but you can also tell a little foggy this morning. Good morning everyone, it is wednesday, july 29th. Im michelle griego. And im len kiese. Good morning to you. Grad to have you with us. Lets get to your forecast first with mary lee. Good morning mary. Good wednesday morning to you, len and michelle. Halfway through the workweek. And we are looking at temperatures a little bit cooler for today with that stronger onshore flow. So were tracking low clouds and areas of fog this morning. Especially along the coast and right around the bay. We are in the mid to upper 50s to low 60s once again and as we head through the afternoon, around the bay, looking at partly sunny to mostly cloudy skies. 63 in San Francisco. 70 in oakland. Little bit more sunshine inland and 82 in san jose and 86 for concord. So highs seasonal if not just a little bit
Republicans will put a measure on the floor. Reporter agencies are already gearing up to assist the countys dreamers. We will continue to use legal means legal actions if necessary to protect the rights of those that live here. Reporter he says he wont hide in the shadows. If we change the discourse and humanize the Daca Recipients then it would be a best way to influence his decision as an administrator who runs the country. Reporter if the president follows through on plans to scrap daca, he will focus on the economic arguments that dreamers have been good for the country and work on finding a clear path to citizenship. It is not just local politicians, some of the top leaders of technology are speaking out. Apple ceo tim cook and Mark Zuckerberg wrote a letter to the president. Our coverage of the daca decision is not over. Larry gerston will join us in less than 20 minutes for a closer look of what ending daca could mean for the state of california. The odd weather and the fire dan
Stateside as a special council pushes ahead with allegations, and some concern about tax reform, the implications that might mean for a key legislative win for donald trump the other big news crossing was suggestion thats overall Corporate Tax rate might end up around 20 by 2022 which is underwhelming in terms of expectations for a lore rate of 15 . Just fading on wall street also in asia today disappointment around the data sharper than expected slowdown in the factory growth orders all of that is being digested in europe as a number of corporates are crossing the tape. In the uk, were close to the 7,500 mark as we inch forward by ten points the French Market trades on the flat line. Were not showing you the dax as it is closed today the rest of the markets open, leading into the green the exception is the zurich stock market fade big 0. 1 getting into the big earnings, bp posted an underlying replacement cost profit of 1 1. 8 billion, that has beaten expectations they announced they
Eisen. Futures taking a lead this morning, so many of these aftermarkets are closed for the may bank holiday. This morning, plunging by about four points on the s p, 24 on the dow. Of course, it comes on the back of slight declines on friday. The nasdaq up. The dow just just let than 2 . S p up 1. 5. The month of aprils performance, the nasdaq was the best up over 2 . The others more like 1 . The story of last week, as opposed to last month with the performance of tech up 4 for the week. That was a part of intel that pointed, last week was under performance of oil. And we saw friday exxon and chevron extend the slide in terms of the Energy Sector performance. Lets have a look at the tenyear treasury note. In and around 3 . Jumped monday on the back of the French Election results which slipped slowly but surely to the week. Then the runoff this weekend as well. And the it will be interesting. Lets get to the Global Markets and market picture. Most european markets are closed for may day
Between protests and rioting. This looks like rioting to me in portland. So what to make of all of this. Aaron mcknight, amy holmes, and atima, we begin with you. Their woman, their candidate, lost and its frustrating itch understand that. Protesters are an american right. When it veers, as it has, to nasty placardses to say nothing of violence issue is that a step too far . Well, like you said, its definitely the violence should not be condoned. Thats happening in portland. But in d. C. , chicago, new york, the protests have been peaceful. I will say you couldnt yell fire in a crowded Movie Theater and anyone be surprised when people are running in fear and pandemonium, which is what trump is doing right now and a lot of his supporters when you run a campaign essentially insulted peoples disabilities, mexicans, talking bat muslim ban, which he haunt drawn hasnt drown back on so thats what this is coming from. Aaron, he won, his language has been fairly respectable and calming. So, i w