Done in phoenix so you should be okay after today. 30s and 40s for the temperatures but otherwise we are looking at sunshine and after the arizona rain things are looking quiet for the next three days and then a change is coming sunday and monday. Sunny and breezy today with 60s and warmer into saturday. Here is sal. We have a jackknifed truck that has spilled fuel at west line i80 and that is causing a huge backup. It is going to be there for a little bit. We will keep following this jackknifed truck if you drive through tracy it is going to be a major problem, highway 24 is very slow because of earlier problems getting to the tunnel. Watch for traffic to be slow approaching fish ranch road and the bay bridge toll plaza is slow for 20 minutes on the delay and this morning the east bay freeways are okay with slowing on 880 s. Lets get back to the desk. We are following the mass shooting yesterday at a school in parkland florida that killed 17 people. The Deadliest School shooting since
Too hard on the banks. In his confirmation hear, he said that he would, quote, continue to consider appropriate ways to ease regulatory burdens. When i asked him if there was a single financial rule he thought should be stronger, just a single provision in one of the feds dozens of rules where there might be an unintended loophole or where an inknow stative product has innovative product has introduced a new risk into the system, he couldnt name a single one, not one. And my questions for the record, i also asked governor powell about a report that the Treasury Department put out last june. Now, this report was really just a cut and paste job of the banking lobbyists wish lists for rule rollbacks. Governor powell do not identify any recommendations in that report that he disagreed with. Again, not a single one. And thats not all. At governor powells confirmation hearing when my republican colleague senator kennedy asked him about whether there are any institutions today that are too bi
Any index it is listed on. It is naturally a very heavy weight on the nasdaq. Swingingones backandforth between gains and losses. The same is true of the s p 500, down 3 10 of 1 . Taking a look at treasuries, we see some selling on the treasuries market, the 10year yield going up. The yield on the 30year going up slightly, 2. 88 . About oil. Alk this is fascinating. We finally see a green arrow here. Holding well under 50 actually, i am thinking of rent crude. 473ork crude is down at and rent it is just under 50 a barrel for brent crude. Mark time for our top stories. Shire is making an unsolicited to makensolicited offer a biotech company. Shire says it represents a. Remium of 35 but there is no deal on the horizon just now. Shire says becks also baxalta has declined to engage in substantive discussions over the new proposal. Matt and all cash deal to buy icc health care, representing a ipcs shareice of price yesterday. The man who has been overseeing George Soross fortune will leave
The s p 500 will do in the next six months of these 23 folks 63 say it jumps more than 5 . 21 say moves up, but less than 5 so 85 say stocks are going higher yeah. And you know how i love to play a contrarian, judge, but unfortunately, im not a contrarian with this one i agree with it. I think the second half of the year, we pick up momentum again, that we had in the First Quarter, that we basically traded sideways, except for tech and a couple of the health care names, in the Second Quarter, but i think second half, a lot stronger than weve just experienced. All right pete, so youve got the dow up 8. 5 s ps up 9 nasdaqs up 16 history guests that docs right. If you look since 1988, when youve had firsthalf gains of at least 6 , im going to read you some of these numbers. 2013, we were up 12. 5 first half we finished 29 . 2014, we were up 6, we finished up 11. 2012, we were up 8, we finished 13 2003, we were up 10, finished 26 and i can go on and on and on. The gains are pretty magnific
Bad is the economy . Tom that was dazzling. He was like a power pitcher. Thor is your picture and the league. We will get the story and a bit. Lets get to our first word news. U. S. And Russian Diplomats meeting for the First Time Since russian jets started attacks in syria. The Obama Administration considers a Major Administration shift in the crisis. Trying to revive efforts to the catastrophic civil war. In washington, officials are setting up a Officials Say setting up a nofly zone is on the table. At least 42 people are dead a truck crashed. More stimulus by the European Central bank. Indicators point to the risk of a slowdown. Mario draghi suggested more stimulus may be needed by the end of the year. Hill, vote counting. The next speaker of the house will be paul ryan. The job. Ccept a formal vote will be held next week. Congress has 10 days to raise the debt ceiling. s jeff bezos third richest person. Shares jumped 10 after an upbeat report. Tom let me do a quick data check. Fut