City Council Member saying theres not enough Police Officers to keep the city safe. Thanks for joining us at 10. Im ken wayne. Before we get to that Council Members concerns, take a look at what some crime has led to in antioch over the weekend. A car towed out of the water after 3 simultaneous car crashes, the drivers of 2 other cars ended colliding with fire hydrants. It all happened as drivers participated in an illegal sideshow and tried to flee from police. Our first grant lotus has the latest on the investigation. Just unbelievable images there. These incidents are connected to a sideshow that happened. Early sunday morning here in the parking lots of the marina and smiths landing there by the delta as police were trying to disperse the sideshow, a car crashed into another car and a fire hydrant. The driver was caught after trying to run away. Police say the driver in the other car is a woman in her 50s has been hospitalized with severe injuries and this was not the only incident
Beco i was born here, i grew up here. I see whats happening with this judicial system. And is all kangaroos. To rule from the bench and determine its a witch hunt. It needs decisiveness. We have phenomenal we have won the case many standard. John thats a look as they return to the courtroom as the Criminal Trial enters its final stretch. About one hour and 15 minutes away from that lom don roberts in washington. Here we go again, sandra. Sandra we do, im sandra smith in new york and this is america reports. Witness testimony has wrapped, both sides have rested their cases. We await the ever important Jury Instructions. The judge to hear arguments from the prosecution and defense teams on exactly how the jury should be charged before they had into deliberations. Sandra we have an allstar team of legal and political voices to take us through the next two hours. John first the former federal prosecutor trey gaudi has been in the courtroom all morning and, trey, if they wrap up the case no
Bloomberg surveillance. Manus is in the hot seat. We have cpi, ppi coming up next on the late. Because Bank Earnings we have Bank Earnings. Manus when the call ended at this morning to join surveillance, what a moment. No guidance is going to be revised higher because we are in a higher for longer weight. But going to jamie dimon says come he is not completely sure. 70 to 80 chance the market thinks there is a soft landing and i think the odds are lower. What is the rhetoric and guidance . Lisa that is what people are going to be watching for. We are expected to get jp morgan, wells fargo come at it click get citigroup. Markets are fascinating because we are looking at a situation where bonds are stuck in everything are still kind of really reeling. It raises a question, is this a market that can withstand peoples where they are withstand yields where they are . Annmarie and you siemens coming out about this no landing scenario. The reason earnings is so important is because of the dat
Of 1 . The Treasury Curve off the back commentsllen steepening just a little bit. Alix a little bit of a risk on feel except in portions of the currency market. The yen gets a good bid. , stephansshocker just a touch over 60 basis points. South of south of 58, 57, a lot of people denying what the yield curve could mean. My question is at what point did the yield curve become real for the deniers . The is it the number or speed . Crude prices are more expensive now than in two months. An interesting phenomenon. Time for your morning brief. The u. K. Delivering its autumn budget. The data dump, jobless claims, durable goods, and it 2 00 releasing the minutes from the last Monetary Policy meeting. Breaking headlines for you, Rockwell Automation rejecting the unsolicited proposal trump emerson. Rockwell rejecting the emerson. Ed bid from we heard potentially we would hear a bit come in as emerson tries to change its business. Cavalli put success of the deal says a than 20 as he different s
For the majors. We have the s p 500 and the nasdaq ever so slightly higher and putting in new alltime highs and the dow down very slightly. Of ate the third day Government Shutdown, investors not seeming to care. Yet another round of record highs for both the s p 500 and the nasdaq. David over at mainstay capital says that they are desensitized to drama in d. C. , but the conditions for markets are over. That may suggest a 5 to 10 pullback is ahead. If we happened to the bloomberg and take a look at g btv to a 83, the last shutdown was in 2013. At that time, the s p 500 did drop about 5 . The rsi or momentum indicator had been overbought. At this time, we have the s p 500 5 above its 50 day moving average, suggesting conditions are overbought. Take a look at the rsi above 80. Katie stockton, the head of technical analysis, saying sentiment is overbought. She sees a 5 pullback is left. It will be interesting to see what triggers this. A lot of agreement that conditions are overbought. V