Up in a few minutes. Right now, we are dealing with some recovery work from an earlier accident that is taking quite some time for lanes to clear from. This is south 680 right at sonoma. They were shut down to an overturned accident. Only one lane is open. Traffic is really backed up out of pleasanton into sonoma. 84 is your alternate. It is not looking all that much better. You might want to drive down 580 to 230 but there are the lies. We have breaking news out of the Seattle Washington area. Two officers were shot overnight, one of them has died for the other one looks like its going to survive. The suspect is in custody but it all started when a driver led police on a short car chase before he got out of the car and started running. There are a lot of questions about exactly what happened next at that point but shots ring out and the two officers were hit. Police then sent out to be on the lookout to the entire area in the downtown area here. The suspect was taken into custody a co
Which will hit in b about an hours time. The s p up by just three basis points coming up on todays show, former National Economic council dr director, gary kohn, will join us about reopening the the economy. The debate over funding for states and the Small Business ppp funding. Plus, a flood of big name earnings set to hit this afternoon including as you mentioned, alphabet. Starbucks, ford, am well also speak with the ceo after his Company Reports earnings, what consumers are doing and how much theyre snacking around the world. Lets focus on one hour of trade. Mike is tracking the Market Action in whats shaped up for a volatile day meg has Quarterly Results from big pharma names mike, start us off with the brorder market of what you seeing some pretty strong opposing currents holding the index in a steady mode. Look at the s p 500. This goes back a couple o years because i want to point out the areas that were encountering with this rally. Here we are around 2880. That takes us back t
Saying the u. S. Is winning the trade war with china, but the u. S. Deficit is set to balloon. Toeing Warns Companies to the line if they want access to the mainland economy. Get you started with a quick check of how markets closed the window session. Stocks were higher. They pared back some earlier gains. The s p 500 ended. 8 higher with every sector on the s p 500 and the green. Retailers were also hired. Today, we saw the bloomberg retail index at a threeweek high as we saw some positive s and target, lowe not to mention we saw that rally after we saw home depots stronger second half. That theyes signaling were ready to ease but not really hinting that this july rate cut was the start of an easing cycle, so twoyear treasury yields rallied. Treasury yields unchanged at the moment, so lets see where we are starting out the asian session. Sophie we are setting up for potentially positive gains with more earnings on tap for the region as well. We have a new zealands report card to consi
The early 1980s when it was not clear the fed could control inflation and the 1990s when the fed controlled inflation. Inflation today is under control, but there are new challenges from trade. Inhave much experience addressing typical macroeconomic developments, but fitting trade policy uncertainty into this framework is a new challenge. Unemployment is near a 50 year low. Inflation is not rising as the old model suggested it would. With Inflation Expectations so w, the neutral of rate neutral rate has fallen. Incorporating a lower right into policymaking does not require a significant change in our approach, but it may demand more fundamental change. How they change will depend on the policy review the fed is conducting this year. He takes no position on where they will end up. Does a promise to act as appropriate meet wall streets test . Vonnie i know we have to let you go in a moment. I want to get reaction from you to this speech. It says a lot for the jackson hole speech. The fed
While ago. A flat yuan on the session. Lets have a quick look at whats going on in the United States. A whipsaw of a session. S p 500 down once again. We were higher a moment ago. Down about half a percent. Chairman powell speaking at the jackson hole symposium. The 10year, not a lot of movement. There was some movement in soybeans. We had a big drop only got this china headlines to the effect that china is retaliating for u. S. Tariffs. Publishable soybeans now about three quarters of a percent lower. Crude went down we got those headlines that exporting crude will be more expensive for exporters. We are still down about 1. 9 on wti. Lets get back to fed chairman powells speech in jackson hole. Joining us is matt. I make point to President Trumps tweets for thanking the fed for doing a big nothing and saying it is unclear who the u. S. s bigger enemy is, Jerome Powell or chairman xi. Very strange tweet. Atmagine thats a topic jackson hole people are talking about. The president s infl