Optimistic numbers on the homeless crisis in San Francisco. And that was fast. The push to give fliers automatic cash refunds for certain delayed and canceled flights is now official. But thats not the only change. Just becoming law. Good morning. Welcome to the friendly skies. Its friday, may 17th. Im going to start with drew. Yeah, the sky is quite cloudy this morning. Well take you outside our tam cam. Your moment of zen, shall we say, as that sun has risen over the horizon. Its going to be a Sunny Afternoon. But first, got to get rid of that cloud cover, and for the most part, that fog will break down between 9 a. M. And noon today. And then the afternoon is looking quite nice. A little breezy out there. Temperatures right now, very uniform. Everybody starting out in the 50s right now and most locations are reporting cloudy skies as we get you out the door. Get you going on this friday. So heres a look at the next 24 hours. First, along the coast we do find brighter skies today. Th
Skyscrapers, Power Transmission lines taken down, roofs sent flying. Astros fans scrambling inside the dome when the rain got through. Gingers tracking the widespread flash flooding and the new threat this morning. Whit Justice Alito under fire. The photo of an upside down flag outside his home days after january 6th. Rebecca out of order. Order rebecca out of control. I think your fake eyelashes are messing you up. Order. Rebecca overnight a hearing in the house flying off the handle. Trying to find clarification. Calm down. Calm down. No, no rebecca why insults were flying back and forth. Michael Michael Cohen grilled. Donald trumps defense trying to paint his former fixer as a serial liar. Rebecca the white house new push on marijuana, moving to classify it as a less dangerous drug. Why President Biden calls it a monumental step. Rebecca semitruck scare. The driver helpless over the ohio river living to tell her story. Sometimes you pray, and im guilty of this. Sometimes i pray and
Toll, destruction and where the storm heads next. New controversy involving the supreme court. The photo showing an upside down American Flag flying at Justice Samuel alitos home. What the justice is now saying. Four hour wait times in the e. R. And no barcode signs for prescriptions. The growing fallout from yet another massive cyber attack targeting the nations hospitals. The stunning video of a truck driver dangling off this bridge above the ohio river after a crash. Now she speaks out what she thought as she went careening over the edge. Insults flying on the floor of congress. Calm down. You please dont tell me to calm down. Calm down because yall talk nice and then you out of control. How one insult about a fellow lawmakers eyelashes ignited chaos on capitol hill last night. New backlash over that College Graduation speech given by nfl player Harrison Booker at a catholic university. Critics calling it sexist and homophobic. Now a Catholic Group affiliated with the school, respon
Yesterday to reauthorize federal aviation programs and would enact safety protections for passengers the Senate Passed a shortterm extension to prevent the current bill from lapsing later today and the house will take up the full legislation the house is expected to vote on it next week. We are learning more about the probe by the s. E. C. Into boeing reviewing statements over the Safety Practices after a panel blew off the alaska air flight back in january. We talked a lot about it investigators focused on the comments made by the Company Executives may have misled investors in violation of s. E. C. Rules. We will hear headlines about this for some time. In fed speak, San Francisco fed president mary daly said Interest Rates are currently restraining the economy, but it may take more time to return inflation to the Central Banks goals. It sounds like higher for longer pitch. It echos remarks from the fed chair jay powell last month where daly said the uptick in price data shows you ca
Unemployment rate rises slightly. Yields fall. Stocks surge. Is it really any more complicated than that . Its not. And, you know what, i thought we had i wouldnt call it a Perfect Press conference from powell, but i think we had a really, really good one, and i would say very dovish. So you take that, you take the report today, and thats why the market is up. The market has been up the last few days, and, frankly, now that were out of the woods, at least for now, and were always going to be, like the fed, data dependent, you sort of have the all clear Going Forward because theres nothing really something can pop up, and thats always what hits markets. But overall, the base case has to be the markets going higher. Shannon, lets sort of take stock, if you will, pardon the pun, of where we were at the start of the week to where we are today. We came into the fed meeting thinking, okay, the risk, and maybe a likely risk, the fed claire will be more hawkish than we really want. The market