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,
Cases. This morning, what is happening, the centers for Disease Control on the east coast is expanding this definition of who is considered to have this virus, a virus that if youre not familiar, can cause lifethreatening birth defects. Pregnant women whose blood tested positive and displayed symptoms as well. From now on, scientists will include pregnant women who test positive but dont necessarily show symptoms. That make it is to 150 pregnant women compared to 50 last week. No new infections, just a different way of counting the infected. From the California Department of health, these cases were compiled last week before todays new reporting standards and these numbers include everyone, pregnant or not. Statewide, theres 46 cases. 15 of which are located throughout the bay area and ive got it broken down there in different parts of the bay area. Its important to know that everyone in california contracted this virus from mosquito bites from outside the United States or sex with som
Very nice. Just some clouds along the coast that will clear out as we go through the day. We are starting out with mostly clear skies for inland areas. 57 in the east bay. Grab a light jacket. You wont need it later today. It will be nice and comfortable with a mix of sun and clouds and highs in the low to mid 70s. 65 in San Francisco. Well talk about our warmer temperatures and a slight chance of rain in the forecast this week. Thats coming up in a few minutes. Now mike is tracking two spots in the east bay already. Already this morning you see how light the bay bridge toll plaza traffic is. Its like that all around the bay. I have two incidents im tracking. Westbound 580 past highway 84. Split there in livermore. A family has a flat tire and the family is down the road which is concerning. Stay off to the right. Over here a dump truck has been the issue. 580 at the 13 split. Caltrans in the area. It might be a caltrans dump truck as youre heading toward the construction area. Watch f
It will be up to 76 degrees in the north bay and the peninsula. The east bay 73 degrees and upper 70s for the south bay. We will take a look at what else to expect as our temperatures continue to go down the rest of the week. Thats coming up in a few minutes. Lets head over to mike to see whats happening as the fire may affect your commute. Lets show you video here of this fire taken at 3 30. The fire is still going on. The shot of this shows you how large a fire is, the Apartment Building and adjacent building. Looking at the fire cruise on scene. 30 fire trucks from what chp reports. Huge activity in the area. Sharon will get us up to date but affect on the roadways itself. Because of the size of the fire, it could be visible from 580. 24 reports seeing all of the caldecott tunnel and east shore freeway. Immediate cloe hsure is onramp macarthur. Avoid the area if you can. Lets get back to that breaking news we have been following since 3 00 this morning. These towering flames could b
It cleared from the map and sensors. No major problems in toward the trivalley or east bay or the bay bridge toll plaza. North bay. And well give you the live look at the bay bridge toll plaza. Pitts a tuesday but no major issues. The left approach goes back to the end of the parking lot. Back to you. Update now to breaking news. A destructive end to the fourth of july in vallejo. This as a house goes up in flames and fireworks could be to blame. Today in the bays bob redell is live at the scene. We talked with both firefighters and homeowners this morning and their stories are not in agreement. Correct, they believe its illegal fireworks that caused the garage at home here at griffin to burn last night. Were not far from discovery kingdom. You can see the Fire Department was able to keep this fire contained to the garage. So it did not damage the interior but the Fire Department did cut holes in the roof of the main part of the house perhaps to vebt smoke out of the attic. I did speak