Final phase of the multibilliondollar harvey milk terminal at sfo. From the bay station, youre watching kron. And news. Thank you for joining us here on kron. 4 news at noon. Im justine waltman. Our top story this afternoon as that Alameda County District Attorney pamela price is speaking out in oakland today in response to the board of supervisors selecting a date for her recall election kron. Fours to justice joins us now live from oakland with the details. Thanks for joining us. Right. Just seeing da pamela price saying she is ready to fly standing by what she has done in office so far since being elected in 2023. Also saying that she is ready to clear up the misinformation. It was just 2 weeks ago that the Alameda County board of supervisors certify the signatures required for recall. And yesterday they voted that the recall will be part of the general election in november. The effort to recall coming from a committee called say telling me to for everyone today, the Group Supportin
Definitely a shallow marine layer. So burning off very fast at the coastline, you can see its still very present through the golden gate, looking at this view from mount tam down into the bay. We do have sunshine up above that blanket of cloud cover still ever persistent down below. Now we will be looking at a slightly warmer day today, despite that seabreeze that were still be tapping into having at least some moderating factor on us. A lot of us will be rising into the 70s to even upper 80s in some cases. So enjoy this nice, cool, crisp morning. Well, weve got it already seeing some 60s and a few low 70s popping up for the stimulant later today. Our warmest temperatures of the week with solid 80s inland and some 70s along the bayshore rain. All right, john, thank you for that. 80 westbound at west grand after offer is still closed. Because of this overturned, big rig has been a problem for most of the morning. Thankfully, all of offramp is closed. Its not impacting the flow of traffi
Chat box while google teases new ai. Inflation data year on you 2. 4. Thank you to weinstein for the great interview. Its because the revision is so steep. Up. 2. I never want to challenge numbers. People work hard to do them. When you have that kind of revision, its not what you get at amazon or sales force. Meaning what . Theyre not using enough who would come up with a product that could be that wrong. Do you have any product in your life that could be that wrong . Its all survey based. Other Companies Know how to do surveys. Theres too much on the line. You believe as a result what, that you cant believe the current numbers . No, i cant. Im saying that the bond market is indicating the stuff doesnt matter. I dont ever want to Say Something doesnt matter. The only numbers people base policy off of is pce. The unemployment number at the beginning of the month. When i look at these numbers, what are they worth . How could you be so wrong . Thats a gigantic delta. My take is people are
Today. Caroline and we sit down with the buy now pay later ipo. But first, whats trading in the Public Markets . Maybe a bit of a reprieve and spirits, even with the ppi number that produced a price index that came in hotter than anticipated with a sign of ling in the key areas the fed will be focusing on here in the u. S. , pulling up in the nasdaq, notably even though we saw initial kneejerk selloff it is back to rallying on the twoyear yield. Shining light on whats happening in the highly shorted names like stop, amc, an extraordinary rally for no fundamental reason with high Short Interest stocks, bet against in the rocks market. Moving on to have a look at whats happening on the world of bitcoin, no move or read across from the meme frenzy to the crypto frenzy. Bitcoin, selling off a bit. We heard from key players within the crypto severe saying look, we will be range bound, currently at 62,000. What are you watching . Ed theres a lot of technology to fit to today. Lets go to chin
Sold the qs which i find interesting. And last week you said that you are longer now than i you can remember so why did you trim alphabet i add significantly to alphabet in the 130s when all the genesis and noise came out and i thought it was a Short Term Impact and there was no there there. So i took the opportunity to really super ssize the position and now cutting it back to normal size. It is still one of high larger positions. But i dont think that it was prudent. So really risk manager and in terms of the qs, im short the qs as a heenlg because i have no idea what the Inflation Numbers will be. So i sold the position i had after eight days of market straight up, i would have sold them anyway. Because they are always a trade. They are just to express a near term view. So my near term view is just risk management. I have so much beta in the portfolio through the big names that i thought it was prudent to put a little hedge on it im thinking like you look at meta month to date, up 8