Announcer news4 midday starts now. Good morning, thas for joining us on news4 midday. Im molette green. And im melissa mollet. Kick off with t forecast. Lauryn ricketts has what you need to know into the. Unch hour hello out there. Oh, my goodness, i is so beautiful out there right now. Were lookin at blue skie for the most part. With just very nice conditions. Low humidity, a little bit of a breeze in the air but it is absolutely gorgeous out there and it is going to continue to stay like that through the remainder of the day. Current temperatures out there right now, it is feeling good. Maybe even a little cool with the breeze. Temperatures from the 60s to low 70s. N 64inchester seems to be the cool spot right now. High pressure right over topf us so that is pushing the clouds out. Now we had some rain overnight but you could see the cloud deck, that frontal system is defined right here pushing off into the atlantic. While weke clearing bacff to the west. So again looking beautiful o
Games. We got farmers markets. All going on. All going on on this saturday morning and really not a bad saturday morning to do anything outside. Sunday, maybe a little different. Again, a few sprinkles possible mainly to the south. Talking about northern neck, even south of fredericksburg, re but it youtraveling especially Virginia Beach and North Carolina, thats where yoh d into rain as the frontal system draped itself across North Carolina right now. H rain well to south, but eventually that rain moves to the north. Peeks of sunshine for u closer to home. Again, well have clouds out there today and i think mainly clouds out there, but, again, so. E sun at times 60s and low 70s. Cool out in the shenandoah valley. Made need a light jacket this morning. 82, headed to that, the breezy side and rain to the south. Stays sew the south. Gardening tips today, butterflies actively laying eggs on milkweed, theclusive food store. Plant these to get a little mort brfly action. Rain is coming tomo
Disney also in focus this ahead, of course, that will be an after the bell Earnings Report but the companys espn unit striking that deal with ten entertainment. We will keep an eye on eli lillys record run sparked by not just its diabetes drug but also that very encouraging study in terms of the broader impact of those weight loss reduction drugs. Also an upgrade this morning jeffries. Thank you start with disney and that espn Sports Betting deal sounds like this morning that you wonder why markets not making a bigger deal of it on the disney side. Yeah, because i think one aft things theres 55 Million People who play fantasy. What people usually do is they have their lineup, they put their team on the espn site, but then they go to draftkings to play daily fantasy and daily fantasy is huge in this country now, i think Jason Roberts has done a fantastic job at draftkings, and disney had a stake, but now i think youll stay on the disney espn site to do your gambling and that is very pow
On a dropoff in steel prices. Later, the mber chair on what to expect from the fed. Thats the committee that officially declares if were in recession. Why he is not necessarily buying the recession narrative. Well start with the markets ahead of tomorrows fed decision the dow is at the highest level since 2017 and looking to add to its 11day win streak. The next guest says the economy is out of the wood as liquidity is the issue joining us is jeff solomon what are you worried about on the liquidity front . Good morning to you. Good morning to you listen, i think the markets had an incredible rally but thats because we had this major two major issues with the budget crisis and the Regional Bank crisis so, any time you have anything that happens to the downside, youre going to see a rally. I just think when you look at some of the challenges in terms of where liquidity is in the marketplace, certainly in credit, were not quite seeing the flow of liquidity. And i think last time i was her