Were ready. Good morning. Im dave clark. Lets talk about weather and traffic. Steve paulson has things to tell you. There is a lot of cloud cover. Some of it is low clouds coming in west to east. High clouds coming off the sierra where theyve had rain. It will give us a partly cloudy to mostly cloudy day. There are breaks in the low clouds. But temperatures cool to mild. Not too bad. Not cold. But there is a little he breeze behind that. The cloud cover, you can see some of that. The rain off the sierra. We have cloud from the sierra going east to west at higher elevations. Then going from west to east, the low clouds. These two come together and you can see the thundershower activity, the rain kind of calms down in the morning. But it picks up later in the afternoon. That will be widespread through the sierra, also Northern California. Could be a few isolated showers. The low is rotating around. 50s on the temps. Warmer ocean temps have brought some of these up. Mountain view, sfo. We
Buying program. And Steve Liesman is going to join on us in the next hour with an exclusive finding of the latest cnbc survey. Also on todays economic agenda, august cpi is coming at 8 30 eastern pim. Economists say the headline inflation number likely rose by 0. 2 . Also, here is a little bit of news for wall street. U. S. Grand jury has now indicted two former jpmorgan traders involved in the banks london Wales Trading scandal. They accused of hiding hundreds of millions of dollars of losses on market positions in a credit derivative portfolio. Kate kelly reports jpmorgan is close to paying about 800 million in fines related to the london whale losses. Get this part,. This may be the most important of all of it, jpm will admit to wrongdoing aus part of a settlement and that will be perhaps one of the first time weve seen that. It could be a key change for how these legal settlement. Son wall street are made. Joe. Thats interesting. Wrongdoing. Im trying to figure out what was the wro
But unprecedented 19th hour 800 million operation to operate with the concordia cruise liner a success the remarkable project off the coast of tuscany revealing that a significant damage during its 20 months below water allow investigators a chance to restart the search for victims whose bodies have not been recovered. That story with the amazing time lapse video straight ahead. From suspected arson to faulty wiring in the inferno that to go six blocks of the famous pictures seashore boardwalk are blamed on superstorm cd confirming electrical wiring damaged by the salt water surge one year ago is responsible for sparking the blaze that destroyed more than 50 local businesses. Downpours and historic flooding in colorado responsible for the death of a and hundreds missing nearly 2,000 homes destroyed and along the foothills of the rocky mellons now encompassing 17 counties including the Biggest Urban Centers he evacuations continue tonight Police Officers searching door to door looking f
Behaved pretty nicely. Adam we will see you again in 15 minutes. Lori sandra smith has todays trade. Sandra he has come out with a huge bullish forecast for the stock market for not only this year, but next year as well. They are making very bullish calls. If you missed the rally that led up to this point, they say there is still a lot of group to go. S p 500, 1900. We are at 1705 today. He is calling for a 200point rally on the s p. Dow jones industrial average, he is saying it will go to 17,100 next year. He is saying this will not be without volatility. It will not be a straight up arrow from where we are today. Their longterm forecast is very bullish. Weaker dollars have been boosting those big Cap International names. That is where they say you should put your money right now. The one thing that is for sure is the lack of investor confidence. They say it will be even more off to the races. Be in stocks over the next year and a half, not gold. They have a much better position. It i
Hour 800 million operation to operate with the concordia cruise liner a success the remarkable project off the coast of tuscany revealing that a significant damage during its 20 months below water allow investigators a chance to restart the search for victims whose bodies have not been recovered. That story with the amazing time lapse video straight ahead. From suspected arson to faulty wiring in the inferno that to go six blocks of the famous pictures seashore boardwalk are blamed on superstorm cd confirming electrical wiring damaged by the salt water surge one year ago is responsible for sparking the blaze that destroyed more than 50 local businesses. Downpours and historic flooding in colorado responsible for the death of a and hundreds missing nearly 2,000 homes destroyed and along the foothills of the rocky mellons now encompassing 17 counties including the Biggest Urban Centers he evacuations continue tonight Police Officers searching door to door looking for stranded survivors.