Growth as solid and said that the labor market continues to strengthen but the fed pointed out that wage growth has remained moderate and that inflation has been below the feds 2 goal this year. In the report, the fed said that it remains firmly committed to its inflation objective. Here at home, the fed is still forecasting more moderate growth during the Second Quarter and that the slowdown in business fixed indepth could be persistent internationally, the fed said that growth has stabilized during the first half of the year, albeit at a restrained pace it also said that International Financial conditions were supported by accommodative communications by major Central Banks. Now, as you said, this all comes from the feds semiannual report to congress fed chair jay powell will be testifying on the hill next week there was a special section in this report on trade the fed found that tariffs lowered u. S. Imports by about 70 billion. It also said that higher tariffs are having a materia
Believe it or not, this is actually the kind of decline you want if you are a bull. We cant keep realallying on the news over and over again. President trump and president xi could hammer out a trade deal. Rallies need more and more fuel. Without it you end up on a day like this one. It reminds us that stocks can go down, too. So what did make today so soggy . All the red hot cloud based enterprise stocks, they were dethroned today. Yesterday sales force told us it was buying Capital Software for a huge premium. Everyone figured that every company in the sector and cloud kings would have takeover biz. These stocks deserve to come back down and they did. They got what they deserve. Helps businesses. Work day just reported terrific quarter down seven. Cooper software, like them. Amazing companies, amazing companies, also stocks get hammered. Think of it as cloud royalty being led to the yesterdays cloud rally was all about froth. Anyone in the industry can be a target. I think thats absu
Low clouds as we start off the day. The microclimate forecast as we go through the afternoon, cool and cloudy and breezy along the coast in the low 60s, mid to upper 60s to low 70s and we will eventually see that clearing with the afternoon sunshine with mild temperatures for the a and warming up inland into the low to mid 80s. So not as hot as what we have seen inland, i will let you know when the temperatures will rebound in that extended forecast coming up. I got stuff to talk about on your Traffic Center at 5 01. We are tracking some issues out there, one of them is at the bay bridge, lets get a start right there with the bay bridge this morning, there is a pothole in the slow lane at this hour. Let me make sure that this is playing for you guys. Basically it is in the slow lane, and the department of transportation is on it. The Richmond San Rafael bridge, there are lane closures in effect until 5 00 which is basically right now. You can see they should be clearing that up. The fl
Due to roadwork, the latest on the progress as crews work to get it open in time for the monday morning commute from fox two news this is mornings on two and to you. Sp welcome to mornings on two. It is sunday, march 17th im Claudine Wong. uhappy sunday to you claudine im james torres here. Of course it is Saint Patricks day. We want to start off by taking you straight out live to dublin, ireland. Aulive picture youuhere from earth things are. Its around 2 p. M. Their local time and were not done looking at all things Saint Patricks day, of course, and coming up in just about 15 minutes. Well have a live interview from dublin with a travel expert somewhere in that mess. In that mess of people who are very happy to be in that mess of people. I think. And the weather looks good. So a good day to be out there celebrating Saint Patricks day. The weather here looks good. Meteorologist rosemary oroczo watching all the temperatures a fabulous weekend, right . When it comes to being able to ge
Just thought of the baby. And, you know, the family. God my het breaks. I feel like this is such a beautiful city, a kinducity, and accidents happen. I get that, but, you know, its just its such a loss. The cause of the crash is still under investigation. Police have not said if alcohol was a factor or if the driver had some kind of medical emergency, but the marks on the sidewalk indicate the car was traveling at a high rate of speed. There are no stop signs for about residents have expressed the need for new safety improvements. As they say, many drivers tend to speed through that area. A vigil to honor the victims is now set up for 5 00 tomorrow evening, and in a statement, San Francisco supervisor myrna melgar, whose district includes the west portal neighborhood, said my heart is utterly shattered by the loss of life in our community. My office, along with sfmta public works and discussions to improve safetyin conditions for pedestrians and riders around the westuportal station in