He delivered his budget speech in Parliament Today as the u. K. Prepares to leave the european union. He raise the forecast for growth from 1. 4 to 2 . The budget deficit will be less than expected, too. Can only workforce grow over the next two decades if new immigrants arrive to replace retiring baby boomers. Thats according to a new report from the pew research center, which projects that the u. S. Working age population will go to 183 million in 2035. 6 this is bloomberg. Scarlet live from new york come on scarlet fu. And im joe weisenthal. The s pe s p five 500 down. Treasury selloff, 10 year notes falling for an eighth straight day. The fed is almost certain to pull it folder trigger on a rate hike next week. Oil prices tumbling to near twomonth lows. Nasa talks says probably wont begin until later this year. He says the administration is in preliminary discussions with congress. Alix now lets look at joe now lets look at where the number stand. Abigail we are looking at mixed tr
Seen since world war ii. Speaking in geneva, he said the country has been a place of savage over an absolute injustice savage harbor an absolute injustice. He also said piece is not negotiable in syria. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Scarlet live from bloomberg World Headquarters in new york, im scarlet fu. Joe im joe weisenthal. We are 30 minutes from the close of trading in the u. S. Scarlet stocks and oil sliding ahead of a looming rate increase. Joe the question is, what you miss . Scarlet done deal. The fed all but certain to raise rates by 25 basis points, what it is the pace of hikes the next three years that is up for grabs. The price of crude continues to slide after saudi arabia said it reversed some production cuts it had made. Is the opec deal on the verge of falling apart . European political drama. The netherlands votes tomorrow while the u. K. Is triggering depart
Over three inches and santa rosa almost three inches. Redwood city, concord at 1. 68. San francisco over an inch. San jose. 83. Some thunderstorms rolled across the bay area today. Look what happened this afternoon. The clouds cleared out a bit. You probably noticed the temperatures dropping and some blustery winds. We have the snow in the sierra. They picked up over two feet in a few spots. You cant pick out right now on radar theres not a lot of action to show you. Looking for rainfall. Lingering clouds in place. And also as we come in closer a few popup showers outside of st. Helena. Win speeds wind speeds have been picking up. 10, 16 miles an hour towards the airport. San francisco a wind of sfo a wind of 17. We get a break in the second half of the weekend. Frigid temperatures for sunday as well. More about a frost advisory and eventually shower chances return in the fiveday forecast. More on that in a few minutes. Thanks, mark. An oakland family escaped unharmed after three large
An oakland farmly escaped unfarm after a water logged tree landed on their home. It was a domino lake effect that sent the trees into the home and they are on edge with the trees still standing. One fell. Then it hit another one and another one. And oh. Oh. Oh. Oh. Watch out. [ chain saw ] neighbors said the trees were so stall, the first to fall was two properties over. People are checking their Homeowners Insurance to find out how much they are covered for such damage and if they could be sued by neighbors if their own trees fell. Well, now we will send things over to meteorologist mark tamayo with the very latest. Hi there. The trees are probably the result of the powerful wind storm that moved into the row john thursday night. These are threeday totals across the bay area. Those numbers really adding up. San rafael over four inches of rain. Santa rosa, approaching three inches. And some more rainfall amounts over the past three days. Napa. Approaching twoandahalf inches. Redwood ci
S p 500, and nasdaq to record highs on pace for another set of record highs for the dow and s p 500 potentially the fourth in a row. Mentioning theh three major averages are on pace for weekly gains as well, the third week of gains in a row. Big strength for u. S. Stocks. As for one market moving in the opposite direction, we are looking at oil. Down nearly 3. 5 . What could be going on here for the second day of declines in a row, opec is negotiating to work out the supply cut deal may have been trying to do for quite some time, now negotiating with iran iraq signaleder they will cut supply. This is dragging right now on oil. The downward action we are seeing in oil, not surprisingly, dragging on the s p 500. Energy is down nearly 1 . We had some of the big e p players down significantly, including marathon oil, anadarko. What could happen with oil, we went to the bloomberg. This is a roughly threeyear chart of oil. We see that downward plunge when oil had crashed before. We also see