Relief measures congressre has passed there was 150 billion sent to the state and local governments, much of which have yet to be spent and frankly we dont know what the actual need is until we have a better sense of what the revenue loss is to the state and local governments. They are sounding the alarm and justifiably worried about what happens if the downturn in the economy continues and what that dght mean for their revenues. So, they are looking to washington, d. C. For assistance, and i think that as i said earlier, there was 150 billion that went out to state and local governments and thereve been concerns about how they could be used. They were stipulated that they had to be used for these expenses and many state and local leaders were concerned that that didnt give them the flexibility thatee they needed o meet other types of needs. The Treasury Department has come out with an interpretation that would t allow the 150 billion already appropriated to be used to pay firefighters
So still jacket where the for sure. You look outside at news, a youve got a little bit of cloud cover up above some of that cloud cover is a sign of that cool ocean air thats slipped through the golden gate last night into a lot of the bay. But is not resulting in a lot of visibility issues sitting just about the bay area where were at temperature wise. We are a little less cold than yesterday. 40s to 50s alameda at 52 dublin and livermore at 48 degrees. Petaluma 45 degrees right now. A few upper 30s way up north in the bay later on today. Daytime highs will reach the 70s for more of the bay area. Also is slightly warmer afternoon ahead of us. Ill talk the rest of your forecast as we go. Michael. Thanks, john. And good morning, everyone. Its 601. Taking a look at your roads this morning. Not to battle of our bridges. Look, well, this is the bay bridge. You can see those metering lights are on. Its a 13 minute commute into the city. So stop and go traffic there at the tolls. After that,
Driving. It was what she said to him while pulled over that made the traffic stop a win for everyone. She actually admitted to texting and driving . She admitted and said, i hit my phone between the seats so you wouldnt see it when you walked up. So honesty is the best policy and it will get you a long ways and in this case in this period of the holiday season, im not going to write her a ticket but i want her to be safe. Reporter its not just the cell phone thats distracting drivers. That was a lady with a plate of waffles with a fork and knife. You see everything out here. Reporter thats right. You can get pulled over for distracted eating. So no leftover turkey and pumpkin pie on your drive home from thanksgiving dinner on thursday. Chps maximum enforcement runs through sunday night through 11 59 p. M. On sunday. And sunday is predicted to be the busiest travel day through air and on the roads for the holiday season. So if travelers are heading back from thanksgiving dinner they exp
Aforementioned yahoo . They were just talking about it. Well get you ahead of all of the trades. Mandy has gone down to the heart of the action at the New York Stock Exchange. Hi mandy. Its a down day, as you said but being driven by a few stocks as you mentioned. Ibm and United Technologies for more than 100 points of the dows drop. Bob pisani joins us here on the floor of the stock exchange. We did not color coordinate ourselves. But it looks good. A happy coincidence. The important thing is if you look at ibm and United Technologies, put them up for me, they are about 120 points to the drop in the dow that were seeing today so very very unusual action, and thats why the dow is much weaker, for example, than the s p 500. We are having a problem, again. So in the First Quarter, put up whats going on with United Technology and ill show you this. In the First Quarter the big problem for Multinational Companies was number one. Week Global Growth particularly china and secondly the strong
Coauthor of the case shiller index. Lets get right to the heart of the action as we continue to survey the field here and again this is a a historic storm. It is historic for many reasons. Particularly the damage its done. Lets go to jeff flock. Hes in Point Pleasant beach new jersey new jersey. Im wondering if the homeowners are coming back to their houses now and trying to assess the damage. Jeff just talked to a couple of people. People have been waiting in and out. Theres a guy down there in boots. Some people have waded through in bare feet, believe it or not. I talked to one guy who came in in a boat, rode in a boat and surveyed his house, rode back out. Theres no other way to get in. They have cut off access. In fact we cant get out. Jimmy, spin around and show them our truck, if you would. Those are our trucks that we use to transmit our signal if jimmy plans more to the left, you see the sand in the road. Look at that sand. Number of folks have gotten stuck in there. We cant g