Though she is heartened by the strong employment numbers on friday. And expects over time inflation to be back to 2 target, but shes in no particular hurry. The real risk because of china and slack in the economy, the real risk for inflation is to the downside. Stan fisher not speaking directly on current monetary policy. But does he drop this one element here saying he has seen possibly the first signs of an increase in inflation. He goes on to an even more academic speech where he says the natural rate or the equilibrium Interest Rate may rise only gradually. Rates will remain low by historical standards to the future. He said Central Banks have options at the zero lower bound, pushing back against people who say that Central Banks are impotent now given were at zero an used qe at negative rates. The fed he says may face more instances of zero rate conditions given that underlying growth is lower. Finally, he says stabilized Energy Prices will ultimately show that Lower Oil Prices ar
Live from the cbs bay area studios this is kpix5 news. After one wild chase and shootout in the east bay gunfire pierces a Bay Area Police car, an officer is shot after one wild chase and shootout in the east bay tonight. This all went down in pittsburg at the intersection of loveridge and east leyland roads. Investigators have been out there for hours now. Kpix5s joe vazquez spoke with witnesses who saw the officer get hit. What do they tell you, joe . Reporter ken, check it out behind me. Its still an active investigation, busy scene tonight. Police investigators are in the middle of the intersection, about speaks or eight cars there involved in this multi vehicle six or eight cars there involved in this multi vehicle collision, glass shattered all over the street. It all started with a carjacking in bay point about 5 miles away. Police say this man robbed this bmw from its driver around since p. M. Police chased it here from antioch through pittsburg. The driver crashed his car into
She say you dont have appointment, you know, you cannot come in, please leave. Reporter chang is now calling out apple saying the citys biggest and most prestigious Corporate Citizen isnt doing enough to solve the crowding and traffic problem the company created. Apple need to step up and do their share. Reporter chang tried to pass a resolution calling on apple to pay 100 million to help redesign roads, traffic patterns and mass transit infrastructure. It was rejected by his council colleagues. The mayor now finds himself in the bulls eye of a recall effort that will be on the ballot next fall. Residents play him for helping create the proble he wants to solve. Those of us who supported the mayor when he was elected in 2014 are feeling very disappointed. We really feel that our city council has not stood up for the people. Reporter but it may be too little too late. Workers are nearing completion on the massive apple spaceship campus, which the Council Approved with little opposition,
Live from the cbs bay area studios this is kpix5 news. After one wild chase and shootout in the east bay gunfire pierces a Bay Area Police car, an officer is shot after one wild chase and shootout in the east bay tonight. This all went down in pittsburg at the intersection of loveridge and east leyland roads. Investigators have been out there for hours now. Kpix5s joe vazquez spoke with witnesses who saw the officer get hit. What do they tell you, joe . Reporter ken, check it out behind me. Its still an active investigation, busy scene tonight. Police investigators are in the middle of the intersection, about speaks or eight cars there involved in this multi vehicle six or eight cars there involved in this multi vehicle collision, glass shattered all over the street. It all started with a carjacking in bay point about 5 miles away. Police say this man robbed this bmw from its driver around since p. M. Police chased it here from antioch through pittsburg. The driver crashed his car into
Nymex crude also trading higher and this is what is happening on the big board. The s p 500 is up, the dells biggest gainer up nearly 1 , the nasdaq up by. 4 . Lets look at crude right now. We are seeing its biggest rise in two months. Nymex crude up by 1. 25 . It looks like they are looking forward to tomorrows inventory report. Likely that inventories rose one million bills barrels last week. Morgan stanley has set a rebalancing still may not happen until 2017. David crudest biking. What does that mean gasoline . Is down foras, it the second day in a row. To 2 , just off its session lows. That fall has obviously pulled down the average price of gas at the pump, and taking a look at how that has happened, ever january 2000 nine, you can see it has risen. And we are back down to 23 . You can see the most important fallen belowit has and each licensed driver gets to save 550. A huge number there. Before i send it back to you, david that may pair some losses if they are also invested in