Day. Did chairman jay powell thread the needle. Thread the needle lets put it this way. When he opened the door to another round of quantitative dsh another round of getting the Balance Sheet back up to where it was, to me that was the reason why the market, the dow went down 170 to base cheh unchanged on the day in that regard maybe he said what the market needed to hear in terms of myself, you know, sometimes you have to be you have to be confident in views. But there is a fine line between confident and dog mattic ive been bearish month and a half two months. But when you see price action like monday where i thought the market would be down at least 300 dow 35, 40 s p handles down 10 you have to sat some point say the market seems to want to go higher grasso. The only concerning issue is what guy said, the Balance Sheet. Thats concerning. And the but if you were in the camp where you wanted lower rates. You got it if you were in the camp you didnt want extended lower rates you got t
Has something President Trump does not. That is a central bank he can factor into. When you look at it from a broader standpoint, as the debate continues on to whether or not therell be an economic recession, the president heading into the 2020 reelection cycle by attacking fed chair jay powell, who he nominated. David thanks. We will talk to about that problem with china. In the meantime, lets turn to ben on tax cuts. We had President Trump say he is thinking about tax cuts, including capital gains. Could he do that . Ben it would be very controversial and probably face a legal challenge. The controversy comes from the fact that 86 of the benefits would go to the top 1 . That might not even stimulate the economy. There are conservative economists that think this would have a minimal effect on shortterm economic growth. David the headlines crossing, President Trump saying he has no immediate plans to do that but what about other plans such as cutting the payroll tax. That could make a
50s, but low 60s here on a lot of these temps. East bay temps, again, upper 50s, low 60s. Livermore is down about 8 degrees compared to yesterday at this time. The fog has moved in. With that in mind, the high, though, while it backs off today, will be in for a rapid warmup. 60s, 70s, 80s, low 90s. Sal, i should add, youre playing Rolling Stones because its mick jaggers birthday. 76th birthday. Theyre on tour. Their set is fantastic. And why wouldnt it be . Sometimes you get bands come in and youre like, eh. But theirs is really good. We could go on. Lets take a look at the commutes now. I want to mention that the east shore freeway. I have a map of it. Its looking pretty good. Look at hercules, el sobrante and richmond. A lot of green there. And highway 4. Heres the tell tale sign. Theres a little lighter traffic approaching concord. Special that is about all. If there is a crash. Things will change. Looking good. This is a look at interstate 880. In oakland. Were in good shape, headi
Busiest day of the long Holiday Weekend, while dealing with a nationwide air Traffic Controller shortage. Plus, what are some of the most turbulent routes in the country . As we get new details from an American Family on the frightening Singapore Airlines flight. Plus the best and worst times to hit the road, and the warning from amtrak before rush hour. George tornado season strikes texas overnight. This morning ginger tracking a new threat and record heat and the Holiday Travel trouble spots. Michael overnight, deadly stage collapse. At least nine People Killed and dozens sent to the hospital. The audience in mexico scrambling to get out of the way. George new questions for Justice Alito. A flag tied to the insurrection spotted outside his beach home. Michael Idaho College murder suspect due in court. Who will take the stand that could change the whole case . Robin new trouble for sean diddy combs, facing new allegations in a sixth civil lawsuit. And breaking news for our viewers in
Hallway. Are there many murders like this . No. Its very rare. It was devastating. Did he have enemies . I really dont know. We were having couplets of people were having sex in the parking. Its not possible. She is responsible for the choir at church. In alabama, there is my lows hamburgers. Absolutely some of the best french fries. Cindy didnt stay and eat her fries. As bizarre as it sounds, yes. He wasnt around when the murder took place. That is what he said. Who do you feel you are looking in the eyes . Coldblooded killer. Hello and welcome to dateline. Cindy hauser sent a Michael Reese needed the same thing. Change. The relationship was a Second Chance at love for both and they fell hard. Then, after five years of marriage, tragedy struck. Investigators would have to sort through small town golf gossip to uncover the truth. Here is even the devil went to church. Out here in rural sweet home, alabama, where churches outnumber streetlights, faith is a way of life. I grew up in the