We are going to start with a trouble spot this morning. That is the san mateo bridge. There is an issue in the westbound direction approaching the toll plaza. The camera is looking just past the toll plaza but approaching here you are down super slow. You go from about 60 Miles Per Hour down to just about 20 Miles Per Hour approaching as a result of an accidenstfrom this live picture, you are moving along just fine. Are just going to have the one brief slow down. East front, no problems. The Richmond San Rafael bridge, no problems. The arnold name closures as a result of emergency construction. It will just be smooth sailing for those of you headed into marin county. Whether north or south, it is clear in both directions. Take a look at the bay bridge. Im anne makovec. We have some new video from san rafael where there was a fire in a garage overnight. This is in downtown san rafael on third and be street. And you can see the flames on the lefthand side of the screen as firefighters pu
Above 3000. Some of the banks impressing investors. Kbw baking index up 06 . Schumberger down 1. 9 . Generationlow seeming to have investors spooked. Alliance data systems the worst performing on the s p 500. There is a little selling going on in that stock today. Lets go to europe, where we are seeing some challenges in italy. The ftse moved down 1. 7 , the worst performance in europe. The stoxx 600 is higher. It is up 0. 2 . Earnings in europe pretty strong all told. Italy with a little bit of turmoil. The euro as well little lower on that turmoil. The italian 10year yield at 1. 26 . We are seeing buying. Lets get insight on what is driving markets. Joining me is bloomberg macro recorder cameron crise. Did the Federal Reserve conversation change 180 degrees again in the last 24 hours . Cameron we thought so, and then not. It was kind of farcical. Yesterday, John Williams was talking about the advisability of going early and hard in terms when facedg campaign with a downturn when poli
Why the u. S. Treasury yields may be headed all the way to zero. The Halftime Report starts right now. Welcome. Good to have you with us on this wednesday. Our Investment Committee today, joe terranova, jim leventhal, the brothers najarian and lets begin today with the tech story. Keeping our eyes on capitol hill as well where special counsel mueller is testifying. Theres a live picture of that but our big story is the tech trade. Facebook reporting in a matter of hours the very same day it agrees to a 5 billion settlement with the ftc over its privacy scandal doc, ill come to you. Facebook calls a big position there the best performing faang year to date. What now i think it goes higher, judge. Although i did see late in the session before we got to the Halftime Report, i did see a fair amount of august puts being bought for protection. At the 205 strike, and that was just within the last hour. Other than that, scott, i think as senator blumenthal said, this is just a slap on the wris
Talking about there the socalled jedi contract, its about a 10 billion contract related to Cloud Computing for the pentagon amazon is seen as the frontrunner for that contract it is a big, big number. Here the president saying that other Technology Companies are complaining about the way it was handled. Hell take a look at it. He doesnt specify exactly what it is hes going to do about that contract or how it will be awarded but poses difficult Business Decisions for them. There will be a political overlay onto this as well, tiger. As you know the president is a robust critic of jeff bezos, irked by his ownership of the Washington Post which the president says he feels is unfair to him calling it the amazon Washington Post. This could be seen by the president s critics as an effort to get back at jeff bezos. Well see where this all plays out. No guidance from the white house yet as to what steps the president will take here but sending a shot acrowe the bow. Secretary steven mnuchin. Re
People and opportunity. ■ r he was asked by a slave, what should we do . Should we only vote for republican facts should we feel free to vote for Frederick Douglas said you should vote your conscience because thats what we offer but i fee f emit republican. What happens to the republican . It used to be Republican Party and after fdr was elected wasit attracted majority couldnt get jobs. That president iall election republican nominee went right back to that. Where the content of our character and in those days it was controversial. There hasnt been a competition for the black vote. They care about freedom and progress. Of course, politics of course politics changed over time. As it comes to the next, millennials and gen z, the largest component at the highest ratest. In time, the views will reflect president ial elections is really important to understand millennials in general and a view of progress. Younger generations are religious. You have to understand is a big part of it. Thi