Right now, streaming on cbsn bay area, we are looking live from our exclusive camera as we look out south, where you can see michael. It is july ninth. Good morning. Lets get your first check of the forecast as we start the day. Here is mary lee. Good morning, we will warm up even more compared to yesterday. We are watching the temperatures soar through our afternoon. Here is the Treasure Island camera. We are in the 50s to low 60s. Concord is 60 degrees and 58 in oakland and livermore is 56 and 54 in San Francisco and 52 for santa rosa. Through the afternoon, 73 in San Francisco, 80 in oakland, 87 in san jose and heating up to 95 in concord. Heiser at 5 to 9 degrees above average for this time of year. I will talk about the rest of the week into the weekend and the hottest day. Details on that are coming up. We have some breaking news out of Southern California. Rescue will resume their search for nayar rivera. She went missing yesterday. Search efforts are going to resume at first li
Growth play so it doesnt make sense but we will break it down. Guy we are getting some data out of the United States, wholesale inventories month on and that number has been trending lower. Trade sales coming through significantly better than anticipated, 5. 4 . The prime number was really ugly and that was 16. 9 which has been revised slightly higher but this is late data so in the rearview mirror. The claims data is more highfrequency. We got that earlier on, a little better than anticipated, lets break it down. Were looking at jobless claims coming in above one million for a 16th straight week in while it was slightly better isn what was anticipated, basically double what we saw during the first of the financial crisis. Continuing claims track the number of people claiming ongoing on a plummet benefits and that declined to the direction is encouraging. Of the hotspot states where we have seen covid flare up, texas saw a pickup in claims, arizona little changed and california dropped
Down again that reopening trade getting slammed. You can see that in the airlines there all taking a hit today later, check out this ride shares of avis budget, up 300 from the march lows. Getting a boost in the red hot used car market. The ceo will join us power lunch starts right now thanks energy and financials are leading the declines today they are down way more than that stall worth technology sector. Bob has more on this Early Morning reversal same story. Teches still out performing energy, financial, other cyclicals. Not a good start to earnings season big miss on earnings and very poor guidance. Walgreens has not been a good stock. Thats real problem. I think they may be basicing market mentality banks same story Huntington Bank was 5 goes to 12 its back to 8 again. Its an invertsed v. Whats moving the market theres five things. Is the reopening going well or not. Lets call it bumpy. Is stimulus coming maybe theres less good news on treatment advancing. Thats good news elsewhe
Closing at record new high for the second day in a row, with amazon, microsoft, facebook, netflix, we seem to say those names a lot. We have fox Business Team coverage. Edward lawrence in washington, Hillary Vaughn following the Biden Campaign in dunmore pennsylvania. And jeff flock in chicago. Well start with latest from edward. Reporter big news today, two Supreme Court rulings, one for the president , and one against the president. It denied democrats in the house to president s records and tax returns. Decision by chief Justice John Roberts who written, who wrote that, basically the lower courts did not take into the account the separation of branches of government. The subpoenas should meet specific legislative objectives. He added this in the language, quote, the specificity of subpoena request sufficient safeguard of unnecessary intrusion into the office of the president. Now House Speaker nancy pelosi says that she will keep this going in lower courts. There was never any way t
Officials, discusses the rising number of cases in several states. Nicole clowers discusses her ys reports of how relief funds from congress are being spent. The u. S. Supreme court is wrapping up its term this week, issuing decisions in cases heard earlier in the term. One of those decisions upholds the Electoral College, by saying electorsfaithless defy the will of the voters. Welcome to the washington journal. It is four months until election day. We will start asking you about the Electoral College. Should the Electoral College be abolished . Isyou think so, that line 202 7488000. If that answer is no, the line is 202 7488001. We welcome your comments on text. The line 202 7488003. We are on twitter. Facebook. Com cspan. Is expected to issue more decisions this week, wrapping up its term. A little Electoral College oneonone from the national archives. A little Electoral College 101 from the national archives. The number of electors is equal to the number of members in the congressi