Good thursday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New York Stock Exchange getting close to new highs well start with facebook. Mark zuckerberg goes to the hill today. Were getting news out of the company on new ad formats as well Julia Boorstin has both those stories. Good morning to you Mark Zuckerberg is making the rounds in washington, d. C. , meeting with legislators, looking to regulate two areas, one, facebook privacy policies, two, responsibility for inappropriate, manipulative content on its platform. Zuckerberg met with democratic senator cantwell and also attended a dinner with mark warner and senator blumenthal also joined take a listen. I was impressed by a number of the ideas and interests of facebook in advancing privacy on the internet but i hope that we also can continue the conversation zuckerbergs meetings span the aisle, he is meeting with republican senator moran, and supposed to see hawley an
Chipotle is up 3. 5 today. Expect other restaurants to do well. The initiation includes stocks like starbucks. 500 is still down a quarter of 1 . We are getting some diverse action among the major indices with the now stack nasdaq and dow almost down 1 . Lets get to our top story. Lets start with the Central Banks. A massive week for Central Banks. Overseeing the fed is at the nickel of that mountain pinnacle of that mountain. Do you think that this 25 consensus is setting us up for a surprise later this week . It sounds slightly contradictory. We have 25 priced in. If we get to five, do equities fall on the back of that . Is that an opportunity . If we get 50, does it go up . I am wondering what the opportunity for the pale risk scenarios are. It is fascinating. Here is the first stop of a rate cutting cycle we have had since september of 2007. It is very unusual and a rare event. The market prices it to be a rate cutting cycle. The market is pricing 100 basis points out of the next 1
And killed a man injured another one. Uc berkeley is now on the list of colleges being investigated for how handles antisemitism. From the areas local news station. Youre watching the kron. 4 morning far. Well, good wednesday morning. The people waiting list riding early the kron. 4 morning news. Todays march 20th, im reyna harvey. All right. Well, before you get to roland, we want to know what the weather is going to be like today. Last few days has been nice. Dave spahr joining us this morning. Look at the forecast. One of a rain. A good morning and good morning. Everybody looks like well keep the spring gravy train running for another couple days, at least off towards the distance. Its quite towers. You can notice a lease or have a lot in the way of surface fog. But will be some bay clouds hanging around today and tomorrow before we go back to the sunny motor rain coat coming towards the end of the week. Storm tracker 4. This what you got going on. There are some scattered higher cl
Up Illegal Dumping sites. But they do not have the authority to clear abandoned autos and supports the city bolstering its efforts to address the issues. Like is a close second. To crime and theyre and theyre related their related. If we address those issues, they theyre connected. So yes, absolutely. By is a huge issue. Councilmember atlarge. Rebecca kaplan has cosponsored the abandoned vehicles resolution supported by the city council. And kaplan says its execution would be paid for with existing funds. A lot of folks in the city have stepped up come to me personally and said, how can we help . What do you need . And so hopefully this is a measure that that moves in that direction. Kaplans 840,000 plan with an initial twoyear term will upgrade the current antiquated system and utilize software to identify process removed and track abandoned vehicles. Fund increased staffing to sweep areas where they are prevalent. The resolution also calls for the repurposing of caltrans is vacant. L
Bay bridge toll plaza has been cleared. But were learning new details about what happened in the moments before this fatal accident. Were also seeing Surveillance Video that shows how this all began 04 22am. A dramatic scene as this white pickup truck smashes into the front of the Tobacco Outlet store in el serino. 2 men dressed in black start rummaging around inside the store. The owner at home asleep receives a security alarm alert and calls 911 elsa Rio Police Department officers arriving on scene, find the truck and its 2 occupants fleeing the area they pursue along westbound 80 until the truck changes direction starts driving eastbound in the westbound lanes of 5. 80, near the bay bridge. Moments later, the truck smashes into 2 other vehicles, a white utility van and a gray bmw. According to the california highway patrol, the 2 occupants of the truck and the driver of the van all suffered major injuries. The driver of the bmw died at the scene back at the tobacco shop. The front o