The beat with Ari Melber starts right now. Happy monday. Happy monday and thank you, i appreciate it. I welcome everyone to The Beat and we begin the program covering the developments in the terrible, Near Miss Type Incident at Donald Trumps Golf Course on sunday. The secret Service Opening Fire after seeing a gun that was pointed inside the course, inside the area where the former president was. More details on exactly that exchange of gunfire and what happened and i can tell you with the most recent information, federal authorities are treating this as a second Assassination Attempt. The first occurred at the Pennsylvania Rally with shots fired, agents killing the shooter, and a Rally Attendee being fatally shot. Here, authorities have apprehended the suspected gunman, alive. 58yearold Ryan Routh charged with two federal counts of gun possession. The authorities are stressing how the investigation for determining the motive, thats an ongoing investigation and they also praised the re
You can also enter your address to see if you would be affected. Find it right now at abc7news. Com. Starting today, you can eat, workout, go to church, go to the movies inside in napa county. Napa county is the first north bay county to enter the orange tier. The updated guidance came from the state yesterday. The economy and reopenings are one of the things were focusing in on on building a better bay area. Abc7 News Reporter Amy Hollyfield is live with more on this. Napa county is celebrating. The napa valley register says even one of the supervisors wore an orange tie to the supervisor meeting yesterday. Theyre so happy to be in the orange tier. This means that more businesses can welcome more customers inside. Restaurants can now double their capacity. They can now have 50 capacity inside. Gyms can go from 10 to 25 capacity. Great news for napa wineries, they can also serve people inside. Bowling alleys, those will now reopen. The team at napa bowl is very excited. Thank god. It w
Be vigilant overnight. The winds, you can see, theyre around 15 to 25. A bit faster on diablo, look how gorgeous it is from the Golden Gate Bridge. We have a lack of fog this morning. Pretty clear conditioning out there. With total sunshine that will be our last day of the heat wave with upper 60s along the coast, mid to upper 70s around the bay and the 80s will stay inland. Even a few 90s possible out near fairfield, brentwood and pittsburg for the warmest spots. Well talk about two more threats for increasing fire conditions coming up. Thank you. Happening right now, a search and rescue effort under way in the presidio in San Francisco. The Fire Department says one person has been found trapped off the side of a cliff. This is near battery crosby. We are still waiting for more details as to what the person was doing there in the first place, how they got off the side of the cliff. As soon as we learn more information well keep you updated. Thousands of pg e customers could be without
Welcome stocks are surging dow is up nearly 500 points. S p 500 climbing back towards record territory were just about 3 below record highs and the nasdaq jumping almost 2 of the session check out the retail rally Department Stores like macys nordstroming and lulu lem hn that stock is higher well have more on those moves later on weve got the angles of the big rally covered. Seema at the new york stock exchange, eamon javers at the white house where optimism spurred this rally and Steve Liesman on the year of the right cut. We start with seema. A triple digit rally for the dow as u. S. And china trade officials confirm a meeting frg october. The s p 500 is back above with a 1 gain. For the week, the dow is up about 1. 4 being led by banks and industrials. And if we dig into the financials, youll see the big banks like citi and goldman are up about 1 to 2 2. 6 for goldman industrials that initially sold off this week on fears that a meeting would not take place between the u. S. And tra
in what is being viewed in come circles as a sign that eurozone borrowing costs may soon reach their peak. the move mirrors the us federal reserve s quarter point rate rise on wednesday. central banks on both sides of the atlantic have dramatically raised rates since last year in response to a surge in inflation. professor christian de boissieu is emeritus professor of economics at the sorbonne university in paris. the lending service from the bank suggest that a credit crunch is looming. does that suggest to you that the era of credit cycle tightening has come to an end? i would first say that this credit cycle is not over yet. it is true that it cycle is not over yet. it is true thatitis cycle is not over yet. it is true that it is becoming more and more difficult for people to borrow, given the rising borrowing rates but if you take the example of the eurozone, i expect further increases in key rates before the fall. the cost of borrowing will continue to increase, there c