Live from the cbs bay area studios, this is kpix 5 news. Right now on kpix 5 and streaming on cbsn bay area, were looking live from our exclusive Salesforce Tower camera as we look at city hall on this wednesday morning. Good morning. February 26th, im michelle griego. And im kenny choi. Now time to wake up in time to get that forecast again. Happy, restarting of the day with clear skies and temperatures in the 40s and 50s. Wrap that jacket as you head out the door. 53 in oakland, San Francisco 55, san jose 50. Looking at 43 in santa rosa. As we take you through the afternoon another mild to warm day but not as warm as yesterday but above average. 70s in santa rosa, fairfield 78, san jose 72, and we will talk about the rest of the work week and changes for the weekend. Details on that coming up. I like that you are already thinking about the weekend. Thats awesome. Speeds not looking too bad right now. Ready much in the green except for the super commuters. Speeds are slowing down to t
With our rulses to suspend trading because we wanted to make sure that nyse stocks wouldnt be negatively impacted. Trading on platforms other than the floor was uneffected and despite the halt nyse consolidated volume which captures trading across all platforms was heavier than normal due to the Global Market sell off. Speaking of stocks lets check on how todays session is shaping up. U. S. Equity futures looking for a bounce back after the big sell off yesterday. Dow futures implied with an open plus 150 points. Heres big stories were watching today at this hour. Well start with china. Beijing taking drastic steps to prop up its market there. Along todays move banning shareholders with large stakes in listed firms from selling. It closed up nearly 6 . Elsewhere, south korea rates overnight but did have the countrys Economic Growth forecast. And then of course have to keep updating you on the situation in greece. Meantime germanys Central Bank Warns that greek solvency should not be in
We got it from the payroll today. Dow gaining 62 points, s p climbing. Nasdaq, alltime record high. What gives . Its the same story ive been saying all year. Its about profits. Yep, corporate earnings have been so positive in 2017 that investors have been reluctant to sell, sell, sell where because stocks are pretty much the only decent gain in town. I think bonds are the ultimate in foolhardiness. Id rather invest in most of the stocks in the s p 500 rather than own those ten bad boys. Sure, theres tension among some of our internationally based american companies. The one at export, they could have some potential boycotts. Well talk about that later in the show. The stock market charge is ever upward, oblivious of washington, even as i now worry about an up coming fight over the debt ceiling. So if the earnings are in charge here, whats on tap for the game plan . We like this company, the largest maker of recreational vehicles on earth, and for the time its stock world higher. I didn
Up to this point. After the gains we saw here, gains in oil prices, this morning the dax is up by 0. 8 . The cac and ftse 100 up by better than 1. 1 . Italian market, spain market, gains across the board better than 1 . Lets check out currencies right now. You can see the dollar is up across the board. Euro at 112. 11. Dollar yen at 101. 40. All of this is because of what we saw with oil prices. That is the big story were watching now. Watching it quite closely. Prices spiked yesterday on word that opec agreed to limit production, meaning the cartel would cut for the First Time Since the financial crisis. Today traders are focusing on the lack of detail, thats putting pressure on prices. Goldman sachs saying the opec deal should add 7 to 10 to oil prices the first half of next year but longer term the firm is skeptical. The analyst says if this proposed cut is strictly enforced and supports prices they would expect it to prove selfdefeating medium term with a large drilling response ar
In wilmington as we look at the home of the wilmington blue rocks, but its a much different story here here is a live look at washington, d. C. , where the snow is coming down in the nations capital. President s day is a federal holiday. The streets here in st. Mary county, maryland. See the snow there on the roads following a plow truck on its way to salt roads and a live look now at the radar shows where some of the heaviest snow is falling, and we could see some problems a little later on when the snow changes to sleet and then, of course, freezing rain. We have Live Team Coverage of this winter storm affecting our area. Lets begin with nbc 10 first alert chief meteorologist glenn hurricane schwartz. This is an unusual type of storm that is developing here. First of all, the greatest amounts of snow are going to be in the southern portions of our area. We already have a few inches in some places, cape may from the marquee to lafayette. You can see the lens and the temperatures are b