Good afternoon, im greg lee. We begin with that breaking news in San Francisco. Sky fox live overhead here along the embarcadero San Francisco fire confirming to us a 14 year old was hit by a car outside Francisco Middle School. Lets get right to ktvu. S Christien Kafton. Christian, what have you learned so far . Yeah, not a whole lot of details as this is a developing story as we speak right now. Now, this is where that crash occurred and this series of events ended. If you take a look here, you can see that this gray volvo, you might be able to see some debris on the ground. This is where that white mustang ended up crashing into this vehicle. We may have video of that to show you right now. Police say that this crash here was part of a chaotic morning. From what we understand, this same white mustang was involved in at least two hit and runs. Now, police say the mustang was involved in a hit and run in the tenderloin this morning, injuring a pedestrian. Police tell us that that happ
Our interview with both of the companys ceo later this hour. First lets check in on these markets. He turned to the green, even on the nasdaq after some strong days we have had for the last three days. Monday we had the best threeday run for stocks more broadly that we had had since november. Im going to bring you back to the benchmarks. I will get onto these individual players in a moment. We have seen bond markets rally as well as of that threeyear auction. We are also seeing crypto, keeping an ion what is happening with bitcoin. We have seen it up about 1. 25 . Now lets take it onto the some onto some of the individual movers. Earnings still coming, of course, after the bell yesterday and this morning. Disney down more than 9 . Some of the numbers were pretty strong. We are seeing a focus on bringing about profitability by bob iger. However, subscriber numbers looking to be a more cautious outlook coming from the cfo. Palantir came after the bell yesterday. Youre once again seeing s
Doordash joins us to run through the companys latest results. There is a wealth of micro data today that we will be digging into, not to mention new yorkbased peloton. I am looking at a plot at a broad index. We are seeing the nasdaq up. 7 . We are relieved we will not see rate hikes but no signal of rate cuts as we see a resilient u. S. Overall jobs picture which we get no detail of friday. Yes there is a cooling, the slowest increase in jobs since november. We are seeing a 10 year yield down one basis point. We anticipate the jobs data and the bloomberg dollar index weaker as we see a bit of a relief. Down. 4 . What is bitcoin during versus the u. S. Dollar . They were up 3 . A risk on trade today. What are you watching on this Corporate News front . Ed lets start with peloton. Wild morning session. The ceo will step down. 50 of the Global Headcount will be cut. Things are not Getting Better for peloton. Look at the chart to illustrate the point. When the market opened there was a se
Dont see a rate hike it would stand to reason you would need the rate hike to get from 2 to 3. Was there discussion about a rate hike in todays and are you satisfied with 3 inflation for the rest of the year . Well, of course we are not satisfied with 3 inflation, 3 can not be in a sentence with satisfied. We will return inflation to 2 over time. But it is overtime. We think our policy stance is appropriate to do that. So if we were to conclude that policy is not sufficiently restrictive to bring inflation to 2 then that would be what it would take for it to increase rates. We dont see that, we dont see evidence for that. That is where we are was there a discussion about a rate hike at all . The policy focus has been on really been on what to do about holding the current level of restriction. That is really, that is part of the policy, that is where the policy discussion was in the meeting follow up on the 3 , time frame of persistence inflation that would trigger a rate hike . There i
And on the eve of the iphone Product Launch tomorrow and well look at the implications and insta cart aint worth what it once was and its valuation a fraction of what it was, and is that bullish for investors who get in now . That plus the latest on arm which is reportedly seeing Strong Demand ahead of its offering later this week and chinas economic problems should come as a surprise to no one says derek scissors. Weve had 14 years to see this coming. The question is where does he see things going from here and what does he see for u. S. Companies like apple and tesla. First, lets get the latest on the markets. Some green. Some green, but were off the best levels of the session and the bulls might take solace because the medium term has been a very interesting story for the markets and losing some steam and we have all lost steam in just the intraday session, as well. The s p 500, the more broader measure, 4479 sitting almost on top of the rolling basis and some traders tend to use th