Change in supply. Reports that other companies are thinking about trying to acquire it, a possibility of a huge deal in agriculture and chemicals. Gop leadership, paul ryan meeting with donald trump. Trump has arrived at rnc headquarters for his key meeting with the House Speaker as they work to find a way to unify around trumps candidacy. We go outside rnc headquarters where protesters are now gathering. Good morning, john. Reporter good morning, carl. Donald trump did arrive a few minutes. He was greeted by protesters. We have not soon paul ryan, though he is not known for being late. We would assume that meeting is now under way. Its an important meeting for donald trump to begin to unify this priority. Senate Majority Leader Mitch Mcconnell has decided the best thing to do to protect his majority is to endorse donald trump. But paul ryan is a politician who has more of a commitment to particular ideas, particular political style than many other politicians and he has indicated, as
Restructuring and lowering guidance. Shares of valeant are down sharply this after an earnings miss and sharply lower guidance. Well give you the latest on the stress theyre feeling over at valeant. And the viacom saga continues. A hearing is taking place right now in massachusetts. Weve got the details. But first up, futures rising a day after comments from janet yellen propelled the s p to its highest level of the year. The fed chair expressing optimism about the economy and said she sees rate hikes ahead but gave no timetable for a tightening. If incoming data are consistent with labor Market Conditions strengthening and inflation making progress toward our 2 objective, as i expect, further gradual increases in the federal funds rate are likely to be appropriate and most conducive to meeting and maintaining those objectives. She did call the jobs number concerning, disappointing, raising questions. Feds going to wrestle with it and drop that phrase in the months ahead. Right. Well,
Consolidation mode and we cant rally unless oil stops going down, which it might not, hence todays decline. Dow tumbling 120 points, s p plungi plunging 1. 2 . All right. So with that in mind whats on tap for next week . The market moving action ahead frankly is not going to be out of earnings as you can tell from most of these in front of me its in global events and it starts sunday with chinas may industrial and retail production figures. As has been the case for ages the estimates and i was looking at all oh, my god theyre so high, way too high, 6 for industrial, more than 10 for retail. I think the prc is going to disappoint again. These numbers matter tremendously because if Industrial Production is not up nicely we will get another freak out about a worldwide slow down. Plus the chinese retail numbers are important for nike, that stock has not been acting well, starbucks, yum just okay, apple. All which have huge sales in the peoples republic. Expect some pressure in these stocks
Minutes. Mike has a new crash now in fremont. Yes, the freeways are moving well. Well take you off just off of 680. This new crash northbound 680 heading up towards scott creek road shy of that offramp. A single car spun out in over toward the center divide. No injuries and no lanes blocked from where we understand, chp will give us an update. Meanwhile this crash off of 680 and pleasant hill. That cleared to the shoulder approaching 242. In San Francisco, theres that activity just off 280. Not a major issue for the commute but it is an issue. A big one, back to you guys. Breaking news were following this morning. A Police Standoff now in its 15th hour in San Francisco. A man is barricaded himself inside a home and is refusing to comply with officers. The home is on miramar and ocean avenues. Today in the bays bob redell is there live. Whats happening right now, bob . Well, within the past minute, two minutes, laura, we saw somebody lift up the blinds of that window here in this Apartm
Lately. I dont want to add to her anxiety. So if you promise not to tell her, were going to win in california. Sanders forces clinton to california. She has decided to make a fiveday swing through the state. A big day for donald trump. In a News Conference this morning trump said he would settle questions about january fundraiser benefiting veterans. Strong storms through the middle of the country. Southeast texas, record flood levels expected. Really bad. 33 years, never ever seen it like this. Iraqi Government Forces stormed their way to the outskirts of fallujah to roust isis out of the city itself. The white house placed on lockdown after an individual threw a metal object over the north fence of pennsylvania avenue. A decision to kill endangered silverback gorilla. Did not take the shooting of harambe lightly but that childs life was in danger. Serious flash floods that swept away everything in the path of the rushing water. Rage in tampa, driver of the car ran right over the moto