I think there could be rain. We are not seeing it today just yet. We are seeing drizzle outside so wet on the roads out the door. A lot of clouds continuing to move in. Visibility is down to a quarter mile in the napa valley. So we are going to see some clouds early on today then partial clearing in the afternoon. Delays at sfo probably because of clouds and drizzle. Down to 36 in santa rosa. By the afternoon, it will be cooler, still some clouds moving on through and 59 degrees in mountain view. 59 also in fremont. And about 61 degrees in oakland. There is a chance of rain in the forecast. Well tell you when. Lets check your kcbs traffic with elizabeth. Thank you, lawrence. And we were watching that car fire. It was westbound by north flynn. They just cleared it out of lanes. So chp is gone. The tow trucks are gone. What remains is slowing westbound 580 approaching north flynn. You can see the delays actually beginning from tracy off 20 5. Once again once you get past north flynn exit
Nightly Business Report for wednesday, may 7th. Going, everyone, and welcome. Federal reserve chair janet yellen went to capitol hill today. She told Congress Joint Economic committee that the u. S. Economy is turning up after a winter of virtual standstill. But she pointed to several areas that bear watching, among them, housing. Steve liesman has our report. Reporter fed chair Janet Yellens testimony before Congress Joint Economic committee today blamed the first quarters economic weakness solidly on the harsh Winter Weather saying she already sees a rebound in spending and production in the first month of the spring. And that leads her to be optimistic about growth this year. Looking ahead, i expect that Economic Activity will expand at a somewhat faster pace this year than it did last year. That the Unemployment Rate will continue to decline gradually, and that inflation will begin to move up toward 2 . Reporter behind yellins optimism she sees less fiscal restraint, that is, a sma
Dennis i am dennis kneale. Lori i am lori rothman. Flipping ahead of the all important jobs report. Dennis Spring Cleaning at facebook. We are live at the social media giant headquarters has facebook unveils its new look. Lori president obama steps up. The hopes reuniting talks i installed budget deal. Dennis how to break out of the office grind. We have had some well researched tips on how to stay health happe job. Lori time to check in with nicole celebrating a major milestone with 25,000 hits today. Nicole up one third of 1 . All three major averages have hit, record highs for a certain extent, nasdaq and s p multiyear highs, alltime record intraday highs. They felt their lowest level in more than a month in the week, so that is some good news. Productivity and labor cost basically Shows Americans are working long hours, but extremely productive. Take a look at names of the Dow Jones Industrials actually hitting multiyear highs, names including pfizer, johnson johnson, boeing, jpmor
Stuart here it is, the highlight reel. Roll it, please. Stuart you should have seen the fight between Charles Payne and dr. Keith at low during the break yesterday. I want to be prepared for possible bad outcome here. There is no hysteria out there. Stuart you both have a very strong point. I am making you tons of money for the last several years. Neuropsychiatrist and your friend would say man, you sound like you are swallowing the koolaid. Stuart now here are dating and connell. Connell morning, everybody. Dagen north korean threatening. The impact, if any. Connell the death of hugo chavez bringing irans leader to critical unstable roles. Dagen investigators to live in the latest report on what happened to the boeing 787 dreamliner. Connell a look at the money being spent on new technology to stop all of the hackers. Dagen stocks now and every 15 minutes, another day, another record. Nicole petallides on the floor of the new york Stock Exchange. What is going on right now . Nicole we
Figure out exactly how theyre going to respond. After the u. S. Ambassador to the eu, gordon sondland, was blocked from speaking to investigators tuesday, the house issued a subpoena, one of many, but there is no indication that thats going to change anything. Last night, Speaker Pelosi released an official statement saying this the white house should be warned that continued efforts to hide the truth of the president s abuse of power from the American People will be regarded as further evidence of obstruction. Mr. President , you are not above the law. You will be held accountable. Heres my question how . Im going to bring in a great team, starting with Kristen Welker at the white house and Garrett Haake on the hill. Garrett, lets go to you first. The ball is clearly in the democrats court. What are they going to do . Reporter well, their investigative efforts will continue, although they appear to be quite frustrated. For example, we dont know yet if marie ivanovic, the former ambass