Seeing a little bit of a pause. But if you look at the stocks europe 600, a little bit of poor data out there and the prospect of more dovish appointees to the fed. Im also looking at the with the nomination of Christine Lagarde take over the ecb. All of this with euro area june the services pmis, a touch better than i expected. But pmi in general has been disappointing. The u. S. 10 year yield is below 2 at 1. 95. Overall, quite a big move from yields. This is what is coming up on surveillance. Dont miss our interview with loretta melzer talking inflation and treasuries. First, lets get straight to first word news. Waller and judy shelton are present trumps latest nominations to the Federal Reserve board. Of researchrector and was the professor of economics at the university of notre dame. Shelton is an informal adviser to the president and spent decades outside mainstream economics. Her unorthodox views could attract opposition. The Trump Administration abandoned its hardfought battl
The Los Angeles Angels game in order to honor tyler skaggs. Tyler evans is at the game in arlington, texas. Reporter the shock is still fresh and emotions raw as those in the Angels Organization speak out for the First Time Since the death of pitcher tyler skaggs. Man, its like a punch in the heart. You really dont youre so in shock. Reporter skaggs died suddenly in his hotel room just hours before the teams scheduled away game against the texas rangers. He was only 27 and in the prime of his career. See a good fastball early on from skaggs. Reporter he pitched just two nights earlier at the teams home field in anaheim. As the news quickly spread, fans flocked to angels stadium to pay respect, including some who were at that game. Its just shocking to me because we were here saturday night when he pitched. Khanna strikes out. Now he is gone. Its just devastating. Yeah, devastating. You have to feel sorry for the family right now. My heart goes out to them. Reporter skaggs is survived b
This after a day of trading that saw s p 500 hit another alltime high, second straight day of record. Meantime investors are cautiously awaiting upcoming earning season with 80 of s p 500 Companies Reportedly cutting earnings forecast. Joining me research chief macro strategist lenor hawkins, what is driving the market to plus side if you watch the bond market, 10year yield falling and closing below 2 yesterday and then you this percentage of s p 500 Companies Cutting their earnings forecast . This is really all about the fed in the hope that easy money will keep prices going up because this has nothing to do with fundamentals, if you look at what happened at first half of the year, s p 500 rose 17 , the strongest first half of the year since 1997 but if we look at earnings, if we look at whats going on with the fundamentals, earnings declined 4. 4 for the s p 500 for the First Quarter and expect today decline negative 2. 3 in second quarter, you have prices going up while the actual r
Tanforan mall. The search for two suspected gunman continue. We have the latest. We are when they went from the fourth of july holiday. The action that firefighters are taking to keep people safe. From ktvu fox 2 news, this is mornings on 2. Thank you for joining us. It is july 3. Im pam cook im dave clerk. Lets talk about the weather. Steve is off but 1020 is here. Good to see you. I see you had a nice time on your honeymoon. Im trying to get to that time after being in italy. Right now my stomach says its lunchtime. Mostly sunny skies. 60s, 70s and 80s for today. You can see temperatures are this afternoon. From looking at the satellite, a few high clouds. Patchy low clouds around the bay. A lot of 50s. 54 in walnut creek. There is a bit of a breeze toward fairfield thats the southwest wind and its gusting to 25 miles per hour. That means a cooler pattern and that should be the case for today. Sfo westerly 15. San jose winds out of the south at seven miles per hour. The cloudy skies,
Earlier losses closed at a record high. Thats kind of where our road map starts as it often does investors shrugging off Global Growth concerns. Stocks set to rally at the open. And records still within striking distance. Plus, broadcom eyeing symantec, my reporting added to bloomberg yesterday which broke the story. And mine. And jims give you more details. And pot shakeup, bruce linton out, telling cnbc he was fired from the Worlds Largest publicly traded cannabis company. Somewhat extraordinary. No. Wait. Having him on talking about being fired. Want him back all right lets talk about stocks. Looking to set a new milestone this morning s p 500 on track to open at an all time high. That would be the second time this week. Yesterday the index posted its seventh record close of the year take that, Global Growth concerns, take that, what did we get from edp this morning . Adp, 38,000 jobs less than expected created so what . So what i think melissa had some great commentary in last show