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Transcripts For KGO ABC7 News 600AM 20171212

In fact, he was just at a recycling event yesterday and seemed healthy. The Mayors Office released this statement earlier this morning, quote, it is with profound sadness and terrible brief that we confirm that mayor edwin m. Lee passed away on tuesday, december 12th at 1 11 a. M. At Zuckerberg San Francisco General Hospital. Family, friends and colleagues were at his side. Our thoughts and prayers are with his wife anita, his two daughters brianna and tania and his family. In accordance with the city charter board of supervisors president london breed became acting mayor of San Francisco, effective immediately. So today there will be a transition here at city hall, one we have not seen in 39 years since a mayor, someone in office, died while in office. Things really quiet right now, you can see not a whole lot of activity behind me. In fact, the flags that we expect to be lowered later today, that has not been done quite yet. Also we do know that acting mayor london breed will be hold

Transcripts For CNBC Squawk Box 20141209

Fastest rate in almost two years. Uk giant tesco is getting hammered, down about 15 on a profit warning. This joufr seas action comes after the dow and the s p 500 posted their biggest drop since late october. Commodities and tech stocks weighing on the markets. Crude oil dropping more than 4 . Check this out, its up slightly at this point. It closed yesterday at 63. 05 wti. Still sitting below 64 a barrel at 63. 65. Brent sitting at 66. 63. Weve been watching all of in this morning. As you check this out, take a look at the futures this morning. Not much to key off of in terms of positive news. S p futures off by 6 and the nasdaq down by 14. A huge part of that has to be the lead story in the wall street journal saying the fed is now signaling its going to shift on lower rates, actually raising rates in the next year. That takes away what some people had been anticipating, thinking that these low oil prices will take pressure off the fed. Job number changed everything in peoples minds

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