To you. Thank you for joining us. Im marcus washington. Well have a look at that commute coming up in just a bit. First lets start out with the forecast. Its a terrific tuesday, kari. How is it looking out there for us . It looks pretty terrific today. Its going to be a little bit cooler as we take a live look outside in san jose. Were starting out all clear here and our temperatures in the upper 50s will lead into some upper 70s by lunch time if youre planning on heading outside. We are going to see some of our high temperatures in the low 80s for the south bay but some upper 80s for the south county and well see a few spots still reaching into the 90s today. Ill talk more about this and also a chance of rain in the forecast for the weekend coming up in a few minutes. How is it looking for the Early Morning commute, mike . Kari, its early, like you said, so fewer cars. Theres one problem, though, i see slowing in oakland. In comparison to the rest of the bay, youll have the green sens
He made very clear there are tangible parallels back to the Great Depression. Let me give you the one thing i will be looking for besides your interview with lawrence kudlow, and that will be the all in Unemployment Rate. It is at 22 now. Are we going to exceed the 1933hat foggy statistic of . Jonathan i think we all hope that is the worst of it area there is a singleminded focus of this market im recovering, focusnths to come of this market on reopening come on the months to come. Tom absolutely. Just to distill that, weve got wonderful guests to talk to on our simulcast this morning. The single chart for me that matters is the vanilla twostens spread. The difference is now out three standard deviations. To trains like that, that is a giant norm us a ginormous move. Jonathan the data is 90 minutes away. Lisa we are going to be getting at 8 30 a. M. Wall street time the u. S. May jobs numbers,. Xpected to be catastrophic 7. 5 million jobs lost, expected 19 ployment rate to surpass , th
Open, wall street looks to close out a recordsetting week. Peacock joins the streaming wars, how comcasts forthcoming platform looks to separate itself from the streaming flock. Joining the four comma club, alphabet more than 1 trillion all together more than 17 of the s p 500. Stocks looking to hit new record highs upbeat news on the economy as Housing Starts rise in december to their highest level since 06 up 16. The and just to put that into perspective we are looking for an increase of 0. 4 amazing, and of course the commentary from tepper and druckenmiller over the past half hour has done a lot. Its fed in the same direction. Well pick apart if weather was a factor in the Housing Starts and the rest but that is when the equity futures took another leg higher when the numbers were reported comes after we got other good housing data its become very hard to decide that the headlines are going to get in the way of a market thats been on this autopilot higher the guys like david tepper
Against the dollar late yesterday. The u. S. Treasury in the day labeling china a currency manipulator. Since then Chinas Central Bank has stepped in we well speak with white house chief Economic Advisor larry kudlow in a few minutes. You and i were talking yesterday, jim, about what we might expect in the market during the course of the day the move down in yields and the 10year in particular also caught a lot of peoples attention. Here we are a day later. We looked like wed be down sharply after other markets opened down. We have now rebounded at least in the futures market. What are your expectations i think that you cant buy enough opening there was a lot of money committed on the sell side i dont know how much short, between when we announced there was going to be designation and probably right to the special last night apple 185, microsoft down 5, facebook down 20 these were very big prints over and over they just kept hitting the bids, hitting the bids, hitting the bids they wer
To help. And more on why thats happening coming up on kpix 5 and streaming on cbsn bay area. Leering fromming the mark hopkins camera at the city this morning. It will be a lot cloudier day. You will definitely notice it if you live in San Francisco or along the bay bridge. Along the peninsula its going to be a nice gloomy cool day for us and where temperatures arent going to warm up too much more for our friends in San Francisco. Right now at 56 degrees and later this afternoon well continue to see 60s just in that area. 60s right now in concord and 59 over in oakland. Now widespread throughout the bay area, weve been talking about this recordbreaking heat just to the south of us in southern california. But here today, were all sitting below average. Whether you live near antioch, napa, even over into San Francisco, today is a cool and cloudy day for us for our tuesday forecast. Well continue to see that trend for tuesday and even wednesday as well. Theyre still dealing with well abov