On private sector jobs growth from the adb, treasury stumbling, the ten year yield hitting 75 earlier, waiting with the fed minutes at 2 00 eastern. A lot of expectations, this is sending stocks lower today. What is your take on this . If you look at the big picture it reminds me of americas funniest videos, wobbling on a high school the fed took the training wheels off of. Bond market reacted accordingly with strength of the u. S. Economic conditions, the stock market, we have fear in the market is indicated by the vix, trading up today, but those numbers are positive and for the longterm investor you should be buying when stocks go on sale like they did today. Lori thank you so much. Dennis oil is also selling off after the weekly inventory report hit its lowest level in five weeks. What is up . The bottom line is despite the drawdown in crude oil supplies we got hit with a massive increase in gasoline supplies, refiners are running like crazy, taking the advantage of cheap crude, tu
Last one, mcdonalds, season fries, the once they have got are the best. Varney and company is about to begin. The Houston Texans take ja n javanian clowny. Don stuart new york city, almost 7 Million People, covered simultaneously by two networks. Clearly the nfl knows how to make Something Big and make a lot of money when they do it. Instant millionaires made last night, the first pick, you just saw him, he is expected to sign at 20 Million Contract with Houston Texans, clowny signed an endorsement deal for an undisclosed amount but surely it ran to millions. The other big story from the draft, mr. Football getting picked twentysecond overall. He is expected to sign 9 million deal but he lost an estimated 15 million being picked later. Ladies and gentlemen, maybe you missed the laughter in the studio a moment ago. His name is Johnny Mandel. I will get it right. We got more on money. Brand new millionaires coming up but look at the bigname stocks making news and money this morning. No m
Teachers opposed to return to work today but didnt happen. normally a place for learning Patterson Elementary School became a backdrop for a protest as a great teacher was sex and to return to school after allegedly slapping an annual student in the face on april 28th for getting a math problem wrong. said yet we figured out hes pete seeger deficit this as not to times of history that accusation of a bird on administrative leave School District officials confirmed that he admitted to a touching and other top not a slap trade administers the appropriate action which cleared the way for berkshire turn the cluster julians father danny had this the protestors were signs of flares to shoulder our age that a surprise bird is not returning to school ellis that yet because from please reopen the case. a long as theyre conducting investigation the so have to comply with to keep teacher on leave. And lime from police say they reopen the case at the request of the river family attorney. obviously
Will stay cool through the afternoon. Most of us will see dry conditions and the temperatures in the upper 50s low 60s. By 3 00 p. M. Maybe mid 50s. It is a cool, cloudy day. Mostly dry but here is a chance for a sprinkle. This is especially for the evening commute. The possibility of rain for your ride home. For now, lets get a look at the drive. The line we are tracking delays at the bay bridge toll plaza. There was a problem on the span where a person was sitting down and the traffic lanes to just west. A person was apprehended, the lanes were cleared sometime ago. The damage has been done and the backup is reaching all the way to 24. 28 minutes is the current drive time on interstate 580 from highway 24 to get into downtown San Francisco. Our top story, the arrest of state senator leland yee in a corruption scandal. He made a gun control a signature issue of his campaign and is now accused of connecting people with gun traffickers. Kron4 mike pelton is live outside of his home. Lat
Drive time here has gone from 21 to 30 minutes. Thats longer than it should be. Were now looking at a 50 minute drive time for the nimitz corridor commute to 880 in the southbound direction. An accident boulevard. developing news out of the south bay where a man is in the hospital with serious injuries after being shot early this morning. Kron 4s will tran is live in south san jose with more. We do know that the victim of the was an African American man andthirties. They t believe he left end of this neighborhood but for whatever reason at 3 00 in the morning on the 5100 block of snow drive he was shot at least one town treat you could see that police car parked right behind his car. They focusing on at all morning but they dont believe he was sitting inside and then he was shot on the street. So far no motive and no arrests on this case. What Police Officers are doing now is they are still here after the shooting collecting evidence 3 the walked up to that house and the garage opened