Job but what we cannot do is stuff our pockets on the way out the door. 4 the files that levandowski took test off a lawsuit between uber and google which ultimately failed when you recall paid google 250 million. Neither company is mentioned in the complaint. What the federal government is saying by moving forward with the prosecution is it was not just a civil wrong, it was also criminal because it was so blatant and affects the ability of companies to automate and be their car. It happened late last night when the officer stopped the suspicious car near elm avenue and almaden boulevard. Police said a person inside the carpet the officers arm, there was a scuffle and the driver drove away, dragging the officer about 30 feet. The officer was taken to the hospital and has since been released. Police eventually found the car but still have not found the driver. San francisco prosecutors will drop charges against a man seen on video attacking a woman outside a condo. Vincent was charged
Magnificent seven are in correction territory but nvidias getting a boost ahead of its earnings. And were going to keep focused on those economic challenges in china. The countrys central bank cutting a key Interest Rate by less, though, than many had been anticipating. Oh, yeah, who is many anymore . Slew of press over the weekend as well. The journal writing kind of a devastating headline. Is it over after 40 years . Yes, definitely over. Who can say this stuff . We were here. We were lucky enough to witness the fundamental change in the chinese economy. It happened over the weekend. Happened over the weekend. Theyre trying to be a service economy. That was it. Done. Maybe president xi has just said, you know what . Every bankrupt artist, every ridiculous guy who built too much and every ridiculous person who tried to get extra yield, sorry. Why not . Why not clean up the excess . Well, but the question, of course, is, contagion. Oh, contagion. Yeah, some of the huge promote companie
42 at santa rosa and 40s for many including the low to mid 40s. Kelseyville checking in at 39 and napa at 40, and it feels cold. Mostly sunny day and breezy at times with another system dropping in before would get back to some warmer weather. 50s, 60s near 70 today, mostly sunny, breezy and windy. It is 4 01 am. Not a lot going on as i look around, and hopefully it will be nice and light for the next hour at least. Obviously wed like a light commute as long as possible. 205 and 580, no major problems on the tracy commute, looking good driving into livermore. Traffic looking good on interstate 880 in oakland. On the bay bridge toll plaza it is light and hopefully in the first little bit of time in the community will be nice. Talking about the news this morning, new from overnight the chp is investigating a shooting on that is very freeway off ramp. The driver of the Toyota Tacoma pickup truck was heading south just after 9 00 last night and suddenly the shooting started. Somebody pulle
A massive Balance Sheet. Lets go to Steve Leishman, he has been deciphering what the fed is up to steve. Reporter hey, yes, the Federal Reserve hiked points to a quarter point of a ragege of one to onequarter of a percent, turning up the heat and ignoring readings its the First Time Since 2008 the feds number does not have a zero in front of it. Janet yellen says the moves are justified despite weak Inflation Numbers. All that we are doing in raising rates is moving, removing a bit of accommodation heading towards neutral pace and i see that is appropriate, where were not moving so aggressively as to put a break on continued improvement in the labor market. Reporter the fed also announced a plan to begin soon reducing the 4. 4 trillion Balance Sheet. That could happen in a year, unloading as much as 50 billion in assets or 600 billion a year heres some of the stuff they will do t. Balance sheet calls for a monthly warmup capital of 6 billion that means all but 6 billion will be investe
Get ready for more fed speak at home. Our road map begins with the president. No pullback despite the near daily drama in washington. New this morning, Electronics Ban targ it eieting flighting from muslim majority count countries. The president takes a visit to capitol hill, selling the Gop Health Care bill ahead of the vote on thursday. Stocks continue to show resiliency. The nasdaq taking aim at another interday high after four Straight Days of gain. The dow and s p up. S p is up 11 since the election. But the nasdaq put together three gains of less than a point. Yes. Which hasnt happened three times in a row since the 90 s. Closes at 5900 or 5901. I mean, it obviously tells you, maybe not that much going on, but also a coiling effect potentially. Youre seeing the volatility indexes and Everything Else looking like, you know, sort of the movement has been this offsetting action. At some point, no broad selling pressure. Really, something is working to keep it supported. It is amazin