Good friday morning. A warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Im seema mody in for sara eisen. Happy friday to you. I was going to say the same to you took the words out of your mouth. Happy friday to everyone watching lets look at the Global Market picture. We were essentially flat for the week coming into today for the dow and s p. Higher by about 1. 3 for the nasdaq ahead of todays trade. Futures pointing to a modest positive open. 30 points, just shy of that for the dow. 13 for the nasdaq, 13. P for t3 nasdaq an energy led story, the sector down 3 for this week. It is the worst performing sector, 9 out of 11 sectors have been in negative territory the week to date average return has been propped up by the tech sector the nasdaq the outperformer of the three indices. Oil prices have been front and center all week. Slightly higher today by a half percent. Slightly higher by half a percent yesterday. As things stand now well look at about a 4 decline for the wee
Inequality. If you look at what actually happened to people, a lot of what matters, they are aftertax income and weve had substantial tax cuts in middleclass families, make tax cuts permanent that are worth thousands of dollars a year, had additional tax cuts for the areas like the itc and Child Tax Credit and on top of that you have the Affordable Care act. When you take all that into account, the policies of this administration have substantially reduced income inequality relative to what you otherwise would have had. In terms of the underlying trend in the economy i think that challenge is to with this and their dynamics, technology, education, globalization institutional changes, declining value of the minimum wage, all of those factors i think our continuing you know to create an underlying challenge to inequality and thats what were proposing all the steps we are for minimum wage to education to shaping globalization in terms are good for American Workers and the American Economy
Directions because of the fact that trains are not stopping and are bypassing the El Cerrito Plaza station at 9 30 this morning is when it began. We will update you on the story on twitter abc7newsbayarea. Good morning, thanks for joining us. I am kristen sze. Cheryl jennings is on assignment. We are learning new details of the woman who reignited security concerns at Mineta San Jose International airport after sneaking into a secure area the fifth Security Breach in less than a year. Matt keller is at the airport. Matt . We do not have a motive for why she jumped the fence and walked on to the air field but what could be more troubles is Airport Security cannot keep people out. At Mineta San Jose International airport, this is not a place for passengers. U. P. S. Is here and last night at 5 15 a u. P. S. Worker spotted a woman who did not belong. She hopped the fence on the southwest side of the airplane the she walked eastbound on the airfield. Officers say the woman identified at 20
San francisco street sending work crews scrambling and bringing traffic to a stand still. Good afternoon, i am tori campbell, the break happened just before 9 00 on bryant street between division and alameda streets near the neighborhood there, Tara Moriarty is at the scene and they have shut off the water but we understand there is still a big problem. Reporter , thats reporter thats right, you know they did actually have that pipe isolated the first hour after they got here but they are do have the street cordoned off right around from there if you know where that is, because of the potential of a sinkhole. Gallons of water gushed down the street. It was absolutely terrifying. I was afraid it was going to come in the building. Crews pumped out water from the street that was at least three feet high. They broke the water main and it caused the street to flood. They were testing the line when it broke. And they were testing the line and due to the age it probably cracked or split due t
Mitch mcconnell and nancy pelosi received the Pfizer Vaccine. Lets head to capitol hill and get the latest where chad is tracking the negotiations. All right, chad, whats happening in this hour. Its rare to have a weekend session, but its not rare for the ritual as lawmakers race toward the end of the year. Something of this magnitude takes time because the Senate Majority leader, mitch mcconnell. The American People cannot feed their families or pay their bills with Congress Good faith discussions. They need us to act. We need to conclude this and land this plane. The hold out is the republicans to rein in special lending tools used by the fed to curb economic fallout this year. The House Majority leader steny hoyer described as a putrid political effort to minimize President Bidenen next year. Senator ron johnson accused his colleagues of throwing money at the problem. I want to target relief. Have we targeted relief better in the first cares act, a, we would not have spent money we