To face each other again in novembers election. Lets get the latest from our chief presenter sumi somaskanda. Who has been watching it all unfold there. So, in california, no surprises. Thats absolutely right, sally. To give you an idea of where we are, we have been taking in the evening and watch party at the university of Southern California with a bunch of students and Community Members who came to see the results come across. As you said, but donald trump, joe biden sweeping victory here, that is exactly what was expected. We know for donald trump in particular the state was important, 169 gop delegates up for grabs, he has taken those with him on his march toward securing the nomination. What is interesting to see is a lot of the issues we have heard from voters here in california and where we were previously, in arizona, a battleground state, reflect what we saw in exit polls coming out from Super Tuesday. Voters are worried about the economy, Cost Of Living, and they worried abo
And what could that mean for the future of the trump rally . Rick, makes me think somethings got to break, somethings got to give. Bonds or stocks first . I think it will be mario draghi and the central bank of japan. I think one of the biggest reasons Interest Rates globally are going down is because traders always follow the biggest trader in the room. They always do. Down here in the 80s, we had tom baldwin. When hed jump up and down and bid for a thousand bonds at a time, it was big. What do you think every small local next to him did . Bit on a one lot or a two or three lot. So i think in that regard, theres a trillion dollars year to date being invested by central banks. Ever heard of soma . Wh we have auction, might be 28 billion sevens. Then the fed is probably buying another four we dont talk about. The other channel of course is growth isnt as fast as people would like it to be b. The final area is that overall, right now, the equity markets do have my opinion, a longer Term
It sounds like a waterfall. Residents said when they woke up they thought it was raining. We have seen them driving up and down the street and not quite sure where to go with kids tucked in the backseat, and one family went for coffee and came back and said, they have not turned out the water yet . They dont know what tpo do or where to go, but cant go inside. Hopefully it will be a better day for the rest of you and the forecast looks good today. Sunshine and breezy at the coast and warmer for just about all of us this morning. Lets look at what is going on. You can see the clouds creeping up the coast there. They have not quite made the righthand turn at the Golden Gate Bridge because the air is not moving that fast. Look at the flag there on the golden gate there on the right side of the screen, its not moving. Temperatures, waking up in the mid to upper 50s this morning. A little cooler than yesterday. And temperatures low 50s to low 60s at the coast, and lets focus on the bay and
Sherman park Multicultural Arts School on 51st and locust. Cbs 58s lindsey branwell is there live to explain. Lindsey . Kids walked up to sherman Multicultural Arts School for their first day. You can see the Red White Blue decorations behind me. There was a lot of excitement and energy. Just hours ago they walked right up to the school with a balloon arch, greeted by mayor barrett superintendent driver and bango the buck. But the recent events and thstudents. Dr driver says this will be discussed over the school year. And students will have a safe and supported environment. Dr. Darienne drivermps superintendentyou can already see around us healing is occuring here. It happens. Kids are playing on the playground, it you look at the tot lot things are already russled around because our kids are already playing here. This is a safe space this is a very special community. I do believe that our parents our forward in a very positive way. Mayor barrett also commented on the recent arrests i
Get your first two meals free blueapron. Com cook. United health care delivered the blow. The Largest Insurance Company in the country probably not a post about make your exchanges by next year. What states are affected, not a all right. A big thank you for robert wolf decline in the pc market on intel. For joining us. The company cutting 12,000 jobs. And that will do it for us. Varney company and more on the president ial election now. Looking to save up to 1. 4 billion. Stuart, take it away. The stock is down on the news. A big decline. Stuart come inside, maria. Good stuff. The dow component of the way. Maria. Maria thank you. Stuart thanks very much. Router markets under selling pressure. And check out those Election Results last night. In asia a selloff in china. Sure looks like trump versus hillary in november, doesnt concerns over firstquarter it . Good morning, everyone. Results in shortterm liquidity no question about it, the two pressures. Frontrunners won big in new york. St