Book says quote, weakened Manufacturing Activity was attributed to strong dollar, Falling Oil Prices and harsh Winter Weather. Here is some good news. The report noted many districts savings from Lower Energy Prices are driving retail sales this cycle as is improving weather situation. Melissa. Melissa wow, peter barnes thank you so much. Lets look at market reaction. Stocks near session highs. The dow is up almost 100 points. Bring in todays panel. Our very own charlie gasparino. John lonski moodys chief economist. John, i will start with you. You are the economist. What do you think of that . Looking at beige book we have need for very low borrowing costs. We have modest growth despite federal funds melissa we have need for Lower Borrowing cost . It is not working. Imagine what if they were higher when what we would look at. Things would be going downhill pretty quickly. Look at housing. We had a stretch when we had 10year treasury yield approaching 3 . Home sales are down yearoverye
Of the century turned tout be business as unusual for Floyd Mayweather extending his record to 48 fights in the victory of Manny Pacquioa. At least 13 people have been killed in two explosions in the irane capital baghdad. They went off minutes apart in a commercial area. The first was a suicide car bomb detonating near restaurants and cafes filled with customers. The second in the same neighbourhood. Baghdad witnessed a spike in bombings in the past week. 34 people have been killed. The wave of attacks begone on thursday. Two begone on thursday. Two people were killed. The western sunni majority distribute was attacked killing five people. Three separate car bombs killed a total of 11 people in eastern shia neighbourhoods including an icecream shop and south of town a bomb blast near a cafe killed three. Imran khan is live from baghdad. Who exactly is blaming i. S. I. L. . Well, what we are hearing from is certain shia law makers, particularly one, who says that oil fighters are disgu
Flight 24 was forced to turn back 30 minutes after take off because of an odor of smoke or fumes in the cabin all passengers have been on a new flight. A safe but frightening Emergency Landing for a plane towing an advertising banner over the east bay. The pilot was able to set the craft down safely with no injuries the runway shut down nearly two decadesing ayes. This may have been the first time the plane landed there in 18 years or so. Wow. Good evening thanks for joining us. Im ama daetz. Our other top story is an impressive showing on the streets of oakland a major mayday march. No arrests and no criminal activity. We have Live Team Coverage and lets begin with you. No business is usual. But there was no mention of labor at all, wages and pay. All messaging was about police. Oor there are issues that theyre dealing with when it comes to interactions between police and the community. I want to see them come get it. Police are performing on the citizens. They have to take care of ou
Has damage in do you want oakland businesses. What you are looking at is the wells fargo bank. Windows were shattered out of it. Front door side window. The bank has been hit several times over almost every major protest in oakland. They have been a victim of city Bank Downtown also has the window shattered out. This was just probably half hour after the protest all began around 8 00 oclock. They left plaza and marched down west on broadway but marching right toward the Police Headquarters and skirmish license of o pd officers in riot gear stopped them right there at seventh and broadway. And they had a stand off. There was protestors with mega phone yelling right in their fees. Finally they decided to turn around and walk the other way thats when a lot of the win 0started breaking out. Right now if at telegraph and around 28 street we believe we are trying to mirror them at the same time staying out of the way, we believe they are marching down telegraph toward rock ridge and we are t
All messaging was about police. Oor there are issues that theyre dealing with when it comes to interactions between police and the community. I want to see them come get it. Police are performing on the citizens. They have to take care of our people. Theyre our children. Families of our family. Organized by labor, hundreds revealed a broad mix of communities and concerns. Working people care deeply about what happens. Theyre being mistreated. I am here to celebrate black lives as all lives matter. We have to come together. Police were on hand to escort the marchers. We know things can change very quickly. Were prepared and ready if those do occur. The port was shut down for the day. Its expected to reopen in just about an hour. That is when theyre expected to resume here, in downtown oakland. Thank you, laura. In San Francisco a couple hundred people took to the streets. This is a live look. You can see people out there. Workers talked about immigration and the fact on this may day, th