Year can it keep rolling on mad moneys jim cramer is with us for the hour the Halftime Report starts right now. It is great to have you with us on this monday. Our Investment Committee today, joe terranova,ster know, and jon najarian and cnbcs jim cramer, host of mad money. Always great to have jim on the desk earnings economy and Rate Decision front and center and President Trump firing off on the fed once again tweeting that the fed raised rates too early and too often and said a small cut isnt enough meanwhile janet yellen giving her thumbs up for a cut. Although the u. S. Is doing well, i would be focused on wanting to keep it doing well, to keep the expansion on track, and i think in light of the risks, i would be inclined to cut a bit. I wouldnt see this as the beginning unless things change, of a major easing cycle. Cnbcs senior economics reporter Steve Liesman is here as well to give us his two cents and much more, i hope. Its a foregone conclusion in terms of what the fed will
Feel like fall this afternoon. We look live from emeryville over the bay. There are low clouds along the coast, but by this average more sunshine in the inland areas. We will be warming up into the mid70s. Along the coast comfortable, in the mid60s and around the bay hitting low 70s in some spots. A warmup is on the way. Ill have more coming up, carolyn. Thanks. We are waiting for condition on two men who were rescued from the ocean in santa cruz last night after one of them drove their cars off the wharf. Crews pulled the car out of the water after the man was rescued. The victims crashed through a fourfoot phelps. The victims were under water nearly 20 minutes. They were rushed to the hospital. No information has been released on the men. Its not clear what caused the driver to crash. One person is dead after a headon car crash on the stanford campus. It happened just after 7 00 last night just east of campus drive. The driver who was killed was in the nissan. Investigators say that
To order. Today the finance committee focuses its attention on what in my view is the biggest challenge ahead for medicare and the future of Americas Health care system. That is managing chronic illness. To understand why this is a growing issue, one need only to look at how medicare has changed over the years. When the Medicare Program began, in those early days i was codirector of the cancer, full head of hair and rugged good looks. Medicare was mostly about caring for seniors who needed to go to the hospital. If a senior slipped on the Kitchen Floor and broke an ankle for example and head to the hospital, they would get treatment and they would head home. In 1970, nearly 70 of medicare spending was for hospital care. Now that number is close to 40 . The change shows how medicare is very different than it was for four decades ago. Other than broken ankles or new money medical care is dominated by chronic conditions such as cancer, diabetes and Heart Disease. More than two thirds of t
Bars no bail. Hes expected to face the judge tomorrow. Reporting live, Joe Vazquez Kpix 5. New at 5 00, its a plot fit for a home alone sequel. A 4yearold girl shows no fear when a burglar bursts in to her home. She leads police right to his hiding spot in the closet. Girls mother saw the burglar break in to the house in ridge view drive and antioch. She ran out the door. Kpix 5s simon perez tells us her young daughter was still inside. I just spoke to the girl a few minutes ago and i asked her were you scared . She said no, im brave. Heres what happened in that story. So a burglar broke in to the house last night, then the mom ran out of the house with her baby but the 4yearold was still left inside. So when the police finally showed up after the mom had called, the 4yearold was standing at the top of the stairs. The police coaxed her down but not before she pointed to her bedroom closet and indeed thats where they found the burglar. That brave little girls older brother explains what