Hopefully some snowman hot chocolate. Maybe some this morning, what do you think . Even this afternoon, low 60s. This is where were starting with mid50s. As we check out our temperature trend today we warm up slowly from 54 degrees going to 62 degrees by early this afternoon. Well have more on this coming up. Mike, you spotted that traffic on highway 101. I did and i showed the break just before the commercial break and now the break is gone after the commercial break. Not tied together in any way. We are looking at speeds back again north. You see the flashlights. Overnight construction work going on and that was the blip we saw. These just came in to chp so waiting for them to arrive. So far the Speed Sensors look great including the approach to the bay bridge. This is the question people have been asking. Is it a crime to eat while waiting for a train . A man was cited for eating food on a b. A. R. T. Platform and now is suing the transit agency. Bob redells live for us in the east
Good Tuesday Morning welcome to squawk alley im Carl Quintanilla with morgan brennan. The market is down about 100 points starting with the apple special event set to kick off from the steve jobs theater in cupertino in just under two hours. Josh lipton is there live and joins us with what analysts and investors and reviewers are expecting. Hey, josh. Reporter so, carl, apples biggest day of the year just about to kick off here right behind me at the steve jobs theater. As you mentioned, analysts think they have a good beat on what is coming theyre looking for three new iphones. Faster processor and improved camera and maybe stronger waterproofing and shatter resistance big question for investors is pricing. What is tim cook going to charge for the new model. Ive talked to some analysts who think he will keep pricing basically constant no big change from the kusht lineup which starts at roughly 750 and 1,100 and expectations are muted on the street. Checked in with gene munster and wha
of 3.3% in the last three months of 2023 much stronger than expected. that s raised hopes that the us federal reserve might have achieved a soft landing getting inflation under control by raising borrowing costs without crashing the economy. the strong economic numbers helped stoke an ongoing rally on us stock markets. both the dowjones industrial average and s&p 500 closed at new record highs on thursday. and traders weren t the only ones celebrating. the gdp figures have been seized upon by president biden, who is battling for re election. he s been suffering poor approval ratings for his handling of the economy, as american households feel the impact of higher prices on their finances. from new york, here s michelle fleury. for an economy many said was headed for recession, the us continues to defy expectations. in the final three months of last year, the american economy grew faster than expected, expanding at an annual rate of 3.3% while inflation fell. growth for th
Actions. Prosecutors did not file charges against the property or property owner. What we are discussing is charges that we have levied against these individuals and we wont take questions that are speculative like that. Reporter attorneys for him said he will be defended in a court of law. These charges represent no less than a miscarriage of justice and we are confident this attempt to make a scapegoat out of our client will fail. The oakland mayor says the charges, quote you will get away with making a profit by cramming people into dangerous spaces are failing to maintain safe living conditions. Derick almena is in lake county and the other defendant in la. Arraignment dates have not been set. Henry, what agencies are involved in helping me todays decision . Oakland police and fire, atf and the Alameda County sheriffs office. Henry, thank you. Michael cardozo joined us earlier on the phone to talk about the arrest today. Someone said the wheels of justice ran slowly but finally. Wh
Welcome to squawk alley for a tuesday morning. With john forte and Kayla Tausche this morning, dow, s p and nasdaq all trading in record territory, dow inching closer to 20,000. Starting to ask questions about whether it will bring about some selling. Looking for about a twoweek pull back in the wake of a fed meeting. Well see. The rest of the week will be interesting. For sure. Best s p factor today, dragging behind the rest of the postelection rally. Interesting to see it join the bunch today. Nasdaq hitting a new record early this morning. Nfib Small Business confidence soaring after the election, which a lot of investors are parsing through today. Bill gates seems to think that stocks are a little expensive. He knows a thing or two about finance. Going to get more from him in this show. He spoke to our becky quick earlier this morning. Nike, of course, the dows biggest laggard of the year is today the Top Performing dow component. Well see how long that dynamic lasts. Meanwhile, ne