Points, as investors ran from equiti and towards the safety of government bonds and gold. A weak reading on trade out of china reawakened concerns that slower globa growth may be at hand. Just as the federal reser consids an Interest Rate hike later this year. There is also the issue of earnings which as we reported, did not get off to a great start yesterda t then midday, oil moved higher, and investors shook off growth, Interest Rate, and profit concerns. And just like that, the losses repaired. The y finished with the dow jo losing 45 points to 18,098. The nasdaq was off 25. And the s p fell six. Lets turn to david leibovz to talk more about the market and whether we can expect more volatility. Hes global strategist at jpmorg asset management. David, welcome, good to have you with us. Is this a time between now and lets say the election, now and year end, when we should be o i t investors should prepared for a little more volatili. Obviously the next couple of weeks, if the politica
Points, as investors ran from equiti and towards the safety of government bonds and gold. A weak reading on trade out of china reawakened concerns that slower globa growth may be at hand. Just as the federal reser consids an Interest Rate hike later this year. There is also the issue of earnings which as we reported, did not get off to a great start yesterda t then midday, oil moved higher, and investors shook off growth, Interest Rate, and profit concerns. And just like that, the losses repaired. The y finished with the dow jo losing 45 points to 18,098. The nasdaq was off 25. And the s p fell six. Lets turn to david leibovz to talk more about the market and whether we can expect more volatility. Hes global strategist at jpmorg asset management. David, welcome, good to have you with us. Is this a time between now and lets say the election, now and year end, when we should be o i t investors should prepared for a little more volatili. Obviously the next couple of weeks, if the politica
So whats the first thing we do . We tax it. We call it earned income. While another category of income called unearned gets a preferential rate. This is a discussion we need to have. Second point, simplification. A few years back we had a Tax Reform Act here, a number of, it was controversial a number of us voted for it, it passed. Before doing that, i decided to run up the road and see someone who lives near where i do, his name is warren buffett. Warren buffett and i have different philosophical approaches on many things, but he was generous to welcome me to his office, we spept about an hour together, and i wanted to get his look at that tax bill and some other things. In an interesting exchange, he turned around to his credenza, pulled out a file, an old file, pulled out a single piece of paper, and said, jeff, do this. Lets do this. Put the tax code on a piece of paper. Simplification. Now, a tax coat in reality cannot always be cut. It has to be optimized. We have to run the gove
As one of the last barriers of gender based service. And weijia jang on what happened when a planned drill on a military base led to a real lockdown. Reporter joint base andrews went into lockdown on reports of an active shooter on site. First responders rushed to the scene, thought to be unfolding at the bases medical facility. Thats when the situation got confusing. We havent heard reports of additional shots being fired or actually if any shots were fired. Reporter it turned out the base had a drill scheduled for this morning. A Training Exercise for dealing with an active shooter situation. For more than an hour, responders evacuated the facility trying to find out whether there was a real situation or whether someone had mistaken the drill for an actual emergency. Even after the all clear was begin, several troubling questions remain, like how could Communications Fail in such a big way . Homeland security chief jeh johnson was apparently in the dark. He was at hearing on capitol
Especially Santa Cruz Mountains and areas to the north bay. Behind that we will get a pretty good breeze. Gusts to 31 at travis. West at oakland. West at napa. West at sfo. West at livermore. 50s on the temps or low 60s. The most inland locations have cooled off. Look at that. Calistoga 51. There is some low 50s around healdsburg as well. The system in the north will keep us cool through friday. Morning clouds, sun, chilly it nice, mostly sunny this afternoon. That breeze isnt going anywhere. 60s and mainly 70s. The traffic is . Moderate. Moderate. Thats the word i would use. Its not light. Its not heavy. Its moderate. And i think youll like it, for the most part. If you commute every day, you see the commutes are going to be a little bit lighter. This is 280. Doesnt look bad through downtown san jose. You can see that traffic is going to be a little bit slow in parts of the south bay. In fact, i can show you the map. You can see that 85 is slow. 280 a little bit slow and so is 101. Fo