Somewhat unexpected delay, coming in from el sobrante, in to richmond and san pablo. Going to be narrowed down to one lane as they do this. And hopefully it wont take too long. But look at this backup we already have here early in the morning. For this roadwork. That would be in the westbound direction. People will be in stopandgo traffic. That is the worst, isnt it . Sometimes youre stuck in 3 00 stopandgo traffic. Are you kidding me . Before perhaps, saying some words that you probably wouldnt want to hear at this time. But after you get past that. It looks good down to el cerrito. When you get to oakland, traffic is looking good. And at the bay bridge, it is light. Again, give yourself a little extra time on that east shore freeway. 4 02. Lets go to steve. Thank you, sir. Well get to it here. A smoking hot day. One of the few days. High pressure is still there. So it will still be warm to hot. But not as hot as yesterday are what the signs are showing now. A lot of moisture continue
S p rising. 45 and somehow phony and engineer by the Federal Reserve, which means everything will end in tiers look, we definitely got a boost from the fed but it makes the whole move fake is ridiculous. When a day the s p broke out above 3,000 hitting an alltime high i want to put the fed mandated bubble talk to bed so yes, its true that the averages were looking its true the average were looking down before Jerome Powell gave dovish testimony how the economy is not in great shape. Powell admitted the business is slowing. Hes right although he probably should have mentioned the december rate hike played a role powells speech made it clear the feds are cut rates if the economy keeps deteriorating and hes expecting to continue to deter rate the prospect of a rate cut ignited the market today but you heard the same story from commentators that say its all one big hot air balloon. Practically a hydrogen filled zeppelin thats bound to crash in lake hurst, new jersey, when is a hinder berg
Rising still posing an alltime high and the nasdaq advancing how is that we could rally so hard much better than this close . Closing figures . On generally good news and then lose our momentum. At one point we were flat lining for advancing the final hour of the day. I think we got dragged down by the very same force that allowed the averages to rocket higher than the first half of this year dow gaining 14 . S p polling 47 and the nasdaq going up 21 and that forced skepticism the market is full of skeptics its full of bears who sometimes masquerade as bulls. And their doubt is the fuel that lets us go higher. Bull markets thrive on disbelief. The moment everyone believes in the bull, the rally is over because there is no one left to buy. Let me explain first this weekend President Trump declared a truce in the trade war with china and i phrase it that way because it was so onesided president xi didnt seem to give up everything but if trump is willing to ratchet down the tensions, im n
Emerging from the fog as early organizes submerged from the shuttles. Its open. The triangle could be seen like a beacon. Spread atop twin peaks. A powerful symbol of the liberation movement. In the movement for equality for all. Reporter crafted for more than an acre of cloth the triangle is a work of more than 200 volunteers. It is in its 24th year. Part of the fabric of San Franciscos pride celebration. Even on this the 50th anniversary of the stonewall riots in new york. It is important to remember why we march. It is the 50th anniversary of stonewall. A lot of people dont even know what stonewall is. They think pride is a parade and a happy event which it absolutely is. It is also a political statement. Reporter many who attended the celebration including the San Francisco mayor said we are again at a turning point. With lgbtq rights under attack. I think of all the people who went through the difficulties before i was able to enjoy the freedom that i do today. It is so much humil
Feeling like you cannot open the door to a stranger without it being a potential person coming after you. Reporter the mayor wanted to continue the contract with vigilant. He did not have enough votes. He doesnt think ice can access the Police Departments plate readers. He speaks to us via face time from a mayors conference in hawaii. Im frustrated with everybody. Im frustrated with activist groups to make a big deal about this. Im frustrated with the police chief for not following the rules. Reporter the police chief should look for a different vendor sooner. They cant use the license plate readers for the next 3 to 6 months until they can find a new company. Right now we are getting live images of smoke from a fire in san jose billowing over 101 near mckee road. We learned the fire is coming from a one alarmed the spark in the city of san jose soviets service yard on mayberry road. No word on a cause. We are hearing the smoke is coming from piles of garbage and wooden pallet. Larry b