48 degrees in San Francisco. Clouds sweeping out as they do we will have some sunshine, a dry day. Cool in the 50s. Good morning, roberta, good morning, everybody. South bay im talking to you. A lot of closures and flooding from yesterdays storm i need to elyou about. Starting with northbound 101, this is closed from cochran road in morgan hill to Bailey Avenue. We have an alternate for you so its a long one. Monterey highway nine miles north to bernauroad. Highway 101 is closed in both directions between that 286280 interchange. First your northbound alternate, take north 280 to north 87 to north 101 and for southbound, you take southbound 880 to southbound 280 and then to southbound 101. So expect delays today and no estimated time of reopening. Back to you. Thank you. In san jose, as coyote creek continues to rise, officials have told hundreds of people to leave their homes with just their pets and medications. Dozens of residents are waking up at a local high school after the educa
School history teacher and i will try and probably feebley fail to do him justice in describing this beautiful room youve chosen for your 25th lecture. You have chosen a remarkably historic room. But first, i have to thank the offices of the senate cure rater and historian who prepare histories of our art and rooms. Without them this introduction simply wouldnt be possible. So to begin. In the early 1900s the house and the senate decided they had outgrown their space. They commissioned two architects from new york. To build them a house and Senate Office buildings. Those have now become the Cannon House Office building and the russell Senate Office building. Interestingly, if you know theyre sort of mirror images from above. But those two individuals were educated in paris and a part of that education brought this beautiful art that you see around this room. They took great care to design this room. In fact, they spent over a year finding this black vained marble that came from new jer
On the bloomberg. The reason you do not see a dot beyond on the righthand side, he is saying that is outside of a poor castable four castable forecastable period. This is fascinating. When the summary of Economic Projections came out and we look at that straight up right at the bottom, the answer is there now. Jim bullard. David when you read the statement hes just issued, hes saying a lot of things people the fed is about projecting out into the future well beyond what it can no. Know. S what it can some people think their models are run. Alix how do you forecast a fed that is data dependent . After the dots were released, there was chatter in the market with alie evans statement of a shift in how you view the economy and where you actually think rates should be. Of the f1 all members see are in agreement about the approach to this question. Agreement. In the question is whether other people come to jim bullards side. David we will have a bloomberg exclusive with microsoft cofounder b
The 10 year yield at the lowest level since september 2012. Joe yields lower everywhere you look. A remarkable comeback in equity markets with the dow up 100 points. Its all about brexit. Its probably going to be like that through next week. Big stories of the is the decline we saw to record lows in some of the european bankshares. There has been a nice rebound. Bank, a bit of a recovery come but lets take a look at a 20 year chart of credits wes Credit Suisse. Have we seen a capitulation bottom yet . Bonds, the government every day, time for todays record lows. Going30 year yields negative. It looks like it broke the y axis of art chart. Japan, record low rates on the very far end. It seems like a matter of time before goes negative there. Scarlet i bet germanys chart looks pretty similar. Joe every chart. Its remarkable. Scarlet look at the pound. Raced itsd it he losses. That did lead to speculation that voters would lean more towards staying. Month, the pound is the second worstper
Voting to quit the European Union. Beenigning for brexit has suspended after the killing of an mp committed to staying in the eu. A man has been arrested. Follow me on twitter at rishaadtv, using trendingbusiness as well. And 30ding day underway minutes in hong kong and shanghai. At theaving a look glass is halffull today, isnt it . Bulls i session for the to put their hats on. A solid tone compared to yesterday. Are looking at gains at the moment, 7 10 of 1 . Not quite erasing the losses yesterday in japan. We have managed to offset the week. Poised for a weekly decline. Story has been ons pop right here dollaryen. Comments,o do with basically expressing concern that these recent moves and dollaryen have been onesided, abrupt, and speculative, playing off the risk of brexit. Chatterrked a series about a possible intervention. On that note, the central bank and finance ministry are meeting at the moment right now in tokyo to Exchange Information on global markets. One currency trader s