And a lasting significance of this case. And indeed, through all of business. I want to get to pimm fox, who is in our new york newsroom with top headlines. Pimm and todays speech Federal Reserve chairman janet yellen says Economic Conditions may warrant an Interest Rate hike this year. But she says the rate increases will be gradual. This is janet yellen speaking today. Janet yellen the activity appears to be closer to its potential than it was a year or two ago. The economy in an underlying sense remains quite weak by historical standards. Pimm yellen also said the Federal Reserve policy will evolve based on Economic Conditions. Senator Chuck Schumer of new york emerging as a likely successor to the Current Senate democrat leader harry reid. Harry reid says hes not going to run for a sixth term in the senate. Reid endorsed Chuck Schumer and the chambers number two democrat said hes not going to see to the top job. The Germanwings Airbus copilot who apparently crashed flight 9525 on p
Mandy. We start with the markets and the fear in the markets specifically. Volatility is really moving. The vix is up 18 during this very volatile week and then the war between sunnis and shiites really heating up in yemen. Saudi arabia launching strikes and threatening a Ground Invasion against iranianbacked militias. Ty. All right. Thanks very much. The other big risk folks, is puerto rico. A number of big hedge funds have exposure to its bonds, and some are calling it americas version of greece. The food isnt as good. Fitch downgrading puerto ricos general obligation and related debt two notches. Deeper now into junk. Fitch concerned about the islands ability to carry out a financing plan and the willingness of the legislature to pay. Earlier this month puerto rico delayed a 3 billion bond sale, and now were going to move forward here until may and lawmakers are considering whether to default on government issued debt. You just saw that television get made right there. Stand closer
30year is now the steepest weve seen since last november. Something well be talking about coming up. The first thing i noticed is the level today, 2. 6 . Some big moves over the last couple of trading sessions. All of that coming up, also making big move zillow the real estate upgraded. Should you make a bid on this hot sale . Or is it actually time to sell . Plus the new king of saudi arabia numbering president obama by cancelling plans to visit the white house this week during that summit meeting at camp david. Coming up former u. S. Ambassador to saudi Arabia Robert jordan comes back to us. Hell tell us whether this is all over the Nuclear Negotiations with eye ran. This new king. Hes his own man, thats for sure. The Dow Jones Industrial average giving up some of its gains, down 100 points now. Half of 1 . The s p down 11. The nasdaq also down 11. And, bill cant comfortable break that 5,000 level. Whats its been two months now since level . Lets talk about that. Weve been stuck in t
Stands at 42. The number has been inched up as the hours are passed. This is the third time in the past two and a half weeks that nepal has seen a deadly earthquake. Show you video just into our Digital Operation Center here. When the shaking starts panicked people run into the streets trying to avoid falling debris. Some began using their cell phones to call loved ones. We were able to Reach University of delaware student. Shes been part of a Relief Team Helping Victims recover from last months earthquake when the ground started shaking again. Everything shook quite vigorously. It was a very long very strong earthquake. The earthquake on april 25th was Even Stronger than the one today. That one hard a 7. 8 register and it would kill 8,000 people injured ten of thousands of people. Im going to continue monitoring the video and news feed. Ill have an update at the bottom of the hour. Well see you then. The state fire marshal is looking into a two alarm fire overnight in new castle count
The temperatures are really not too bad. We have plenty of 60s and to go or around. In fact, it is plenty of clouds to go wrong. If we are working to low clouds. Here is a closer look at the temperatures. Daly city right now is sitting at 57 degrees. We still have all of this cloud cover that is pushing through. We will be having a great start for the morning. As we head into the afternoon you can expect mostly cloudy skies. Sunnyvale will be talking of the pet 79 degrees. Your extended forecast highlights major changes. Next two days will be very sundasunny and mild. By wednesdy and thursday we will start to warm things up. We may see 90s for some of the endless pause. We will wait the basically to fog three mornings. We will pick up a 20 chance of showers. Most of those showers will be north of the Golden Gate Bridge. The traffic around the bay area has no hot spots. Here is a live look at the approach to the bay bridge toll plaza. There are no problems getting to the bridge. The met