At the san mateo and dumbarton bridge and no major issues in the area, like where the commute is starting, to give you another update addictive units. Lets go back to the desk. We are following developing news from oakland where a woman was found dead in her car on 90th avenue. Police located the car while responding to the activation of shots fired in the neighborhood near the street about 9 00 last night. When officers arrived they found a woman who had been shot and killed, police the neighborhood say they heard as many as 10 shots. Police have not said they believe the woman was targeted, we called Oakland Police and are waiting to hear back from them with more details. The latest from new jersey where the mayor of jersey city says authorities believe a jewish kosher market was targeted in the shootout with six People Killed including a Police Officer, three bystanders and two suspects. For almost an hour Jersey City Police s. W. A. T teams exchanged a barrage of gunfire with two a
The task force will now come to order. Without objection, the chairs authorized to declare a recess at any time without objection members of the full committee are authorized to participate in todays hearing consistent with the committees practice. This hearing is entitled robots on wall street, the impact of ai on jobs in the Financial Services industry. The chair will recognize himself for five minutes for an opening statement. Thank you all for joining us today for what should be a having interesting hearing of this task force. Were looking at exploring how ai is being deployed in Capital Markets from automated trading to Investment Management decisions. Were going to consider how the use of this technology is changing the nature of work in Financial Services, rendering some jobs obsolete and changing the skill sets needed to excel in others. It would not be much of an exaggeration today to say that wall street is run by computers. I actually hear about those days from the limo driv
The task force will now come to order. Without objection the chairs authors to declare recess of the committee at any time without objection. Members of the full committee not on this task force are authors to participate in todays hearing consistent with the committees practice. This hearing is in title robots on wall street the impact on iaa ai on the financial. First off thank you all for joining us today for what should be a very interesting hearing of this task force. Today we are looking at scoring how ai is being deployed in Capital Markets from trading to portfolio allocations to Investment Management decisions. We are also going to consider how the use of this technology is changing the nature of work in Financial Services rendering some jobs obsolete and changing the skill sets needed to excel in others. It would not be much of an exaggeration today to say that wall street quite literally is run by computers. Long gone are the days where traders would be screaming on the floo
Largest eco are now scheduled to meet next week at the g20 summit in jand it was all investors needed to hear and stocks took off today. The dow industrial average rose 353 points to 26,465. The nasdaq added 108, the s p wa 2 up but it wasnt just trade that drove todays big rally. Bob pasane is at the new york stock exchange. Stocks were in full mode fuelled by high hopes of trade talks and easy money across the globe. Thats what moves things these days. Ar futures first high around 4 00 a. M. Eastern time. European Central Bank President mario drahgi said there was a case to be made for more economic stimulus in europe if the economy did not improve. That sent a signalo the markets more easing could be ahead. Itent the euro down against the dollar. Then President Donald Trump tweetedut he had a very good phone conversation with chinese president xi jinping, and the two plan to meet at next g2week summit in japan. That one tweet sent the dow up 150 points in less than ten inutes with t
Well talk about what you can expect with slightly cooler temperatures and details coming up. We are keeping an eye on the realtime traffic and the map is seeing some hotspots this morning. Im keeping an eye on the off my pass as well as the golden gate. That commute into marin, thats slow as a result of the accidents. Here is a look at the travel times. Its now in the red, 40 minutes to the ultimate pass and a windy ride. The wind advisory is in effect. The eastshore freeway is starting to slow down. Drivetime in the yellow and same thing on highway 4 and coming in to the city from the south bay, thats still in the green. Metering lights are on at the bay bridge and you are slow going and under a foggy sky as youre heading to the toll plaza. The eastshore freeway slowing down as well. The san mateo bridge, you will see some brake lights in the western span. Or the westbound direction, i should say. No issues to report slowing things down, just regular rush hour and eastbound direction.