Good morning welcome to squawk alley. I am john ford with holly evans. After a series of wild swings in the market, major indexes are higher but not across the board. Dow up 240 the next guest says the fed is partly behind the mayhem the past couple days as the president tweeted about market volatility in the old days when good news was reported, stock market would go up, today when good news is reported, stock market goes down big mistake and we have great news about the economy Tom Mcclellan joins me start with the fed, you think theyre in the middle of this . Good morning. Yes, the president is right. But the link between that and the economy is not as strong as people think what most dont understand, there are two fundamentals that govern movements of stock market first is how much money is there, the second is how much does the money want to be invested the fed is in charge of mostly the first one. I brought a chart. Whats not reported, the fed is selling assets last week they dro
Separates cars. According to police one driver got out of his car and pulled out a gun. Chp immediately arrived on scene and asked him to put the gun down. The man refused to comply and tried to raise the gun toward the officers. Chp then fired two shots hitting the man in the chest twice. Drivers headed north on u. S. Highway 101 in san mateo are being asked to use alternate routes, as an deadly officer involved shooting has closed the highways northbound lanes this evening. The california Highway Patrol issued a sigalert for the highways northbound lanes, just south of state highway 92, and did not provide an estimated time for when they would reopen. The incident was first reported as a traffic collision involving two vehicles at 5 28 p. M. On northbound highway 101. A suspect allegedly got out of a vehicle and began shooting. The chp reported that one person was seen down on the righthand shoulder. The incident has caused a massive backup in the area. pam after 19 hours. The stando
Investigating whether the three chp officers who fired their guns were justified, San Mateo Police say the officers gave the suspect ample warning. Officers took extreme measures to issue commands to drop that firearm, to attempt to deescalate and negotiate with that suspect. Obviously, those attempts were unsuccessful. Captain dave norris says as of now, it appears the east bay woman in the other car was a random target who happened to be driving near the suspect. She wasnt hurt, except for some minor pain from the car wreck itself. Highway 101, which was shut down for more than seven hours, reopened early saturday morning. We had a very large crime scene with evidence that was scattered not only widely across the freeway, but also lengthwise. From highway 92 all the way to hillsdale boulevard. The Coroners Office hasnt released the name of the man who was police say there were a lot of witnesses this adid happen in the middle of fridays rush hour commute. Witness statements have been
Lanes blocked due to a fatal acccident james its clear and mild outside this morning as we wake up to the month of may. Hot temperatures are on tap for today, the beginning of a mini heat wave. Lets go outside and check the 4zone camera network. Its clear this morning. We are expecting a warmer day today with inland highs reaching the mid to upper 80s. And it will continue to warm over the next several days as High Pressure builds inland over the great basin and offshore winds develop. Widespread 80s to mid 90s are expected tuesday and afternoons. A cooling trend is then expected for the latter part of the week as ocean winds return. Rain showers are possible as we head into next weekend with a storm system approaching our region. terisa thousands of people will take to the streets today in solidarity for a nationwide may day strike. Immigrant and union groups will march in cities across the us for immigrant workers rights and protest against President Trumps efforts to increase deport
Giving teens hope for getting through high schools isolation in a social media world. The chance to sort of connect and realize that nobodys experience of loneliness is unique and that everybody at some time or another feels on the outside looking in is a really powerful thing right now. Woodruff all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by and by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff russia is denying that it tried to hack u. S. Voting software and equipment before