Week for the nasdaq. That is the first time youll see stocks down for the major averages in three weeks. This morning, we are still near alltime highs for both the s p 500 and the nasdaq looking at the treasury market, right now, 10year at 1. 486 some additional pressure concerns about Global Growth and what it will mean for the economy. S p was out saying for the year, you could see chinese growth at 4. 4 for the full year that concern if they see a peak to the virus in march. All these new highs and goldman talking potential correction i can see how the case could be made right now is there anything more than a possible Global Pandemic i think about it it is hard to buy any stock that wouldnt be impacted by a bad outcome in this. Right people assume it will be a vshaped recovery and that it will happen sooner rather than later. With coronavirus. After it going away. But we dont know if it goes away and we still dont know what kind of numbers we are getting. It appears it is slowing a
Those waiti tell them that their child is never coming home. Reporter doctors and gun victims and mayors are blanketing the capitol, as some republicans signal new openness to gun laws after a summer of deadly mass shootings. Im hoping that in the next few day, early next week, well have a breakthrough. Reporter gop leaders met with the president today to try to nail down what he supports. Hes very interested. I think he is learning about this issue. Reporter House Democrats arent waiting. The Judiciary Committee will please come to order. Reporter advancing bills today that would ban high capacity magazines and confiscate guns from high risk individuals. Theyre urging the senate to join them in passing universal background checks. We wont stop until the job is done. Reporter finding consensus wont be easy. Do you think that it would be reasonable to mandate background checks for all commercial gun sales . Were waiting to see how we can actually achieve something on this issue. What do
Less then 30 min from the maze to sf. San mateo bridge less then 30 min from 880 to 101. Richmond bridge drive less than 20 min from the toll to 101. james our top story this morning. Thousands of people are hitting the roads today for the long Labor Day Weekend. And gas prices are expected to be the cheapest in 3 years. Kron4s christina taytro is live in walnut creek with more. If youre hitting the road for one last summer trip this holiday weekend. Heres some good news for your pockets according to triplea. National gas prices are on track to be the lowest Labor Day Weekend prices in the past three years. A spokesperson says thursdays average of twodollarsand59cents is nearly a quarter cheaper than last years prices. Its also less money that folks spent for gas at the memorial day holiday at the beginning of the summer. Thanks christina. james new this morning authorities have identified an additional victim from the gilroy garlic festival mass shooting. Police found a 58yearold man
Testifying next week. Is doingip says barr the president s bidding. And also said the attorney general does not want my to testify in front of the house. Mother is set to experience to appear next wednesday. Democratic hopeful Elizabeth Warren has reduced legislation that is passed would require Public Companies to disclose their climate risks. The measure would also require companies to disclose the total amount of fossil fuel related assets to the securities and exchange commission. The bill aims to encourage companies to switch to Renewable Energy sources. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Shery live from bloomberg World Headquarters in new york, im shery on. Jon live in toronto, im Jon Erlichman. Joined by our bloomberg and Bnn Bloomberg audiences. For a cup. Case fed chair jay powell taking the central bank closer to cutting Interest Rates this mon
Those temperatures climbing. Here is a live look with our Sales Force Tower camera. Clear skies. Temperatures in the mid to upper 50s to low to mid 60s at this hour. With all the microclimates. Along the coast, mostly sunny and breezy, mid60s. Warming up for the bay in the low 70s with mostly sunny skies and breezy. In land low to mid90s there. A big cooldown is on the way. Well talk about that in a moment. Emily. Were seeing things heating up as far as the commute is con certainly. Main travel times. We have one no longer in the green through the altamonte pass. Stat is up to 37 minutes. Drive times in the green and smooth sailing for most commuters. Off to the bridge, some flashing lights. That is the result of emergency construction. It is back right there on the bridge, lane closures in the westbound direction until 6 00. Several in the eastbound direction. Remember how much this used to stack things up. It is likely to happen again. Youll see delays in the westbound direction. Giv