Outside. Them widespread rainfall moves in for early next week. We are looking at sunshine this afternoon after all of that rainfall with our atmospheric river. Just to show you the dry conditions. A beautiful view. You can see that snowfall out there over Mount Hamilton and some blue skies as well. Over san francisco. You can see that sunshine. As we head through the day, we are looking at some sunshine. High temperatures in the low to mid 50s. We did pick up a lot of rainfall with this atmospheric river. The santa cruz mountains. About 2 1 2. Up to 3 1 2 inches of rainfall. Tracking our next weather system. I will let you know when we can expect to see this where you live coming up. Monitoring a couple of big news conferences. First lets go live down to san jose right now where it is a couple of unfortunate milestones. They just surpassed 100,000 cases of the coronavirus. Is mall is the first cases. Right now, santa cruz officials are about to provide some updates regarding vaccine d
Another chilly start and its clear. Were not seeing the patchy dense fog throughout the week so we are starting out with a clear commute for you but look at these numbers. In the east bay were in the upper 30s in the next hour and then well see our temperatures gradually warming up, a lot of sunshine and it will be a nice day, our highs reaching into the mid to upper 60s this afternoon. There are some things im concerned about in the forecast. Ill talk about that coming up in a few minutes. Vianey, how are you looking what are you seeing right now as you look at the commute . Well, as we start to get into that heavy traffic hour of the day which is near the 6 00 a. M. Hour, we are getting reports of a new crash along highway 17, right after the alma bridge. The slow lane is blocked because of a crash. Anytime there is a crash that is blocking any of the delays it can cause heavy delays. If that is part of your morning commute drive times coming up in a few minute. The governor warning
1 trillion stimulus package heading down south, maybe. What Goldman Sacks is reportedly thinking of doing. Its monday, december 7th. This is Worldwide Exchange. Good morning, good afternoon, or good evening welcome from wherever in the world you may be watching. Im Brian Sullivan thank you for joining us here is one reason to like this monday there are 25 days left in the year 2020. It cant get out fast enough can we agree lets see how your money looks now. Futures are down about half a percent down dow off about 133. Wall street coming off another good week for stocks the dow was up last week thats the ninth record close of the year on friday of course, its not just the dow. The s p and the nasdaq also closing at record highs. Thats the first time the three have done so at the same time three years. Thats an rbi for you. Hard to believe but true one thing watch, of course, inside the markets is this increasing growing fight between socalled value and Growth Stocks the two kind of at a
Does he have the ability to do this, do you agree with the decision . Sen. Schumer i agree with the decision and i know that he will check things out legally. Thank you, everybody. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] a we take you live to discussion on fiscal policy in the Incoming Biden Administration and congress, hosted by the brookings institution. Size i think is ambiguous and policy occur through a political process. I would rather see something that is a little bit smaller but that could pass this week or next week, rather than wait for something that is a little bit until, but will not pass february. If you look at the output gap, i think a trillion dollars is a reasonable figure for the next round of stimulus. I think democrats should be willing to take a couple hundred billion dollars less than that. Republicans should be willing to take a couple hundred billion dollars more
With the cares act in march and prevented the covid pandemic from doing even more harm to the economy and welfare of americans than it did. The cares act is essentially been spent, many people are about to lose benefits. Unless Congress Acts. And unless Congress Acts fiscal policy soon will be a drag on growth. They are still more than 11 Million People still unemployed by the official count. Most economists and certainly those gathered here today agree more fiscal support is necessary. Following that discussion, we turn to an issue predating the pandemic him one that persists. How to think about the federal debt and very low Interest Rates. Its growing and unsustainable rate. There is sentiment among comp economists for doing anything about that right now. When is a debate about how and how best to address that Going Forward. Had to balance the risk and cost. And too little Public Investment. We look at that issue with the paper posted on our website. By two veterans of economic polic