After record. The naysayers are bigger. We keep saying that we were seeing a familiar pattern with very small trading ranges. That has flattened out. We see half of a percent gain. Still not huge. In comparison to relative recent history, it is a little bit larger. The nasdaq is catching up a little bit. As we have been talking about. Incks tend to perform well the Fourth Quarter of the year, particularly in recent history. It is not just stocks. If you look at some of the other assets, they do well in the Fourth Quarter. Here is a look at the dollar index quarter by quarter over the past six years. Are pointingsts out, it is tending to be strong. We are not far into the Fourth Quarter, but before this year, we have been seeing a streak of games in the Fourth Quarter for the dollar. Which a bank cohead of fx research is saying the market has priced in little for the fed beyond december and even less for progress on taxes. If that happens, we could see a similar move in this Fourth Quar
Delivering goods on amazons plans to drop fedex and ups and do the shipping itself. Betty there is not much that amazon cannot do these days. We are watching headlines from Christine Lagarde. She is at a conference in boston the head of the imf meeting next week. Theis making comments on tax reform plans here in the u. S. , saying deficit widening tax changes are not advisable. That is an understatement. Globalization is a baggage word left for those kind. Also come a surplus nations must take advantage and invest, return that money and invest. Also noting the imf is accommodative of the boj and ecb. Interesting, very timely coming from lagarde. Especially come of a past the budget resolution. One step closer to some kind of tax reform from congress. That big test will be when the Senate Continues to stick with the proposal we do see. They are not as keen when it comes to budget deficit. Similar to what were hearing from lagarde. It is surprising come other republicans that are suppose
After day. We will see if a rally can hold into the final hour here. The dow, itself, up 106 points also in record territory. And helping the market today, the house passing its 2018 budget, thats a first step toward getting tax reform done and how Speaker Paul Ryan will be holding a News Conference on that very topic later this hour. Well bring it to you live as soon as it begins. The dow up 40 points. When they announced they passed a budget, it was sudden i up 100. Its looking for right now. The Amazon Effect strikes again. This time fedex and u. P. S. In its sights see both those stock are lower detail on that coming up. We begin with the netflix stock jump today and the companys move to raise the price of its most popular streaming plan by 10 , which sounds like a lot, but its 1. Maybe it is a lot. Well, it could be, but, you know, i dont think its going to break too many banks. Julia boorstin has details for us julia . Reporter thats right, bill. Analysts, investors dont seem to
Good afternoon gasia and mike. Im telling you this is one of those times where you wish you could switch seats with me. You can see the crowds here. Weve just watched the parade of ships come through. Fleet week is definitely kicking into high gear. This is the place to be. Its amazing. Yeah, marina green opened at 10 00 this morning and the crowd started filling in. Military personnel already here showing off the big hardware. But the big news of course the parade of ships. A San Francisco Fire Department boat. The air show also getting under way at noon. Runs until 4 00 this afternoon. This is just the beginning keep in mind. This is the largest annual event in San Francisco so were really tightly integrated to make sure all the crowds are safe. Now the highlight of course the blue angels theyll be out here a little bit later on. Theyre expected to take to the air between 3 00 and 4 00 this afternoon. Should be a great show, guys. Great show today, saturday, and sunday. Just a few mi
Christien kafton. Now heading towards new orleans, the area is bracing for impact as memories of Hurricane Katrina linger on there. We are tracking the path of the storm along with the damage its already caused in Central America. Lets take a look at what our local forecast looks like, rosemary joining us now, nice out will. Oar there. Oh, yeah, today. Patchy fog out there this morning, temperatures will be similar, perhaps just a tad cooler for some along the coast. We are expecting the sea breeze to return later today. There is a look at the golden gate bridge. Well continue to see temperatures on the warm side for our bay area coast as well as inside our area. We will continue with a High Surf Advisory, its into saturday that should not say friday. But sneaker waves, as well as possibility of rip currents and again the high surf will last until saturday evening arrives temperature wise upper 40s. Low 40s in santa rosa, a lot of 50s around the bay. 50 in oakland. 55 sfo. A chilly 41