Were on strike. They were counted out of work. Temporary census workers were laid off. Going to underlying strength ever economy. Look at net revisions for august and september, number of jobs was revised up by 95,000 jobs. You look at wage growth at 3 over the past 12 months. Low enough where the Federal Reserve is not seeing inflation pressures. White house Economic Advisors taking a victory lap on the report playing a little politics. White house Economic Advisor larry kudlow starting to talk about tax cuts 2. 0 to be proposed next year. The president would love to see another round of lower taxes to help middle income workers and wage earners give them as much, disposable income as possible. We are talking, again, informally at this moment. Reporter but nothing formal at this point. Ism manufacturing number. It came in at 48. 3. Anything under 50 is contraction. This may have also been impacted by the gm strike as the bureau of labor statistics wrote in the report, quote, within ma
Well and apple. That event is just wrapping up now. Announcements shaking out in the stocks of different competitors. Were going to fill you in on all of that action but joining us for the hour is steve grasso from stuart frankel. Steve, great to see you. Good to see you its amazing. Not necessarily a major move for the averages today or right now. Everything is slightly lower and actually, if you look at the week, the dow is actually flat so far to start off the week and yet theres been this great rotation talk to us about that. The rotation is coming out of growth into value. How long does that last is how long the market will be under pressure and for now, it probably will last a little bit longer, but get a trade deal, throw everything i just said out the window and you see everything rally back people are making the analogy back to 09 and 2016, with this rotation that lasted for a couple of weeks. I dont think it will be that long do you really think were going to get a trade deal
Also hitting the market, s p global just dropped the scale that measures environmental, social and governance factors when assessing a companys credit policy. No longer important and we are seeing it ripple across the board. Sandra. Sandra all really interesting stuff. Thank you so much on all of that for us. As we hit a new hour, President Biden is set to deliver remarks shortly on what else his climate agenda and while hes taking a victory lap out west, back home in washington brandnew evidence released in the biden family investigation. Trace we start hour two of america reports. Im Trace Gallagher in for john roberts, great to be with you. Sandra im sandra smith, good to have you here, trace. Trace House Republicans released bank records that appeared to show millions of dollars were sent to bidens and their Business Associates from foreign sources. President biden has not spoken to americans about this or congressional testimony from his sons exbusiness partner. Sandra also over a
And thousands of people evacuated. The latest on the wildfires sweeping across the island of maui. And two deadly shootings in oakland just minutes apart. What were learning about the latest violence in wine waters do not believe the two are related. My from jack london square. This is mornington to thee. Ell, today is wednesday, august ninth. And youre looking live toward the Golden Gate Bridge this morning in the San Francisco bay. And you can see you can see its not too cloudy right now, but there is fog out there this morning in fact, parts of San Francisco and the east bay dealing with fog this morning will give way to sunshine a little bit later. Were getting an update on your forecast and what it all means for the rest of your workweek in just a few minutes with steve paulson. We go to this story now. New this morning, california senator Dianne Feinstein briefly hospital after she fell yesterday at her home in San Francisco. Her spokesperson says her hospital scans were, quote,
Starts now. This is ktvu fox two news at noon. Good afternoon and thank you for joining us. Im andre senior. Im ali rasmus. We continue to follow a developing story out of hawaii. Wildfires are raging on the island of maui. Flames have ripped through the Historic Town of lahaina on the islands west side. Thousands of people have been evacuated as the high winds from Hurricane Dora fueled those fires. Thousands are without power as the governor issues an emergency proclamation. Amanda quintana spoke with people at the airport heading out this morning. One couple said theyre not sure if their home will still be there when they land. The house burned down. We have nothing. We have a two cars. Thats it. And what we have right here, chemo and stuff. Kirkman were vacationing in the bay area when they heard about the fires in their hometown of lahaina. Fred street. Alina luna we live right up a line and we have a house and our dog are stuck in the house. We dont know if our house is up or we