Bloomberg television, starting at 9 00 p. M. Eastern. Along the gulf of mexico, the texaslouisiana border is reeling after hurricane laura unleashed a wide swath of destruction, with winds reaching 150 miles an hour after coming ashore. It is now churning over louisiana. It could lead to more than 15 billion in insured losses. One of the top talkers on wall street, meantime, news of wall street joining microsoft to make a joint bid for the social media sensation tiktok. Now aligned with oracle. For more, i want to get to scarlet fu in new york. A lot tied to these remarks from the fed. There was a lot of gyration in jay powells remarks. In the case of equities, the fed moved it higher. The dollar moving higher. Bonds falling. In no rush bank is to raise interest rates. It will let the job market run hotter and inflation run higher, potentially overshooting the 2 target, before taking any kind of action. In the end, we saw financials get a boost. They benefit from a higher yield and a s
Screen. Once told, you will be invited to join the meeting as a participant. When prompted, dial star, three to speak. You will be prompted by the system when it is your turn to speak. Please anow for audio alf delays and a 30second lag time during the course of this meeting. That completes my announcement. Chair peskin thank you, ms. Milton, and colleagues, supervisor mandelman is going to be about 30 minutes late fore this meeting. Colleagues, is there a motion . Supervisor walton second. Chair peskin ms. Meltocan that without roll or how do i handle that . Because there is no quorum for this meeting, you dont need to have because there is no quorum for this meeting, you dont have to call roll for that item. Chair peskin thank you. I want to thank supervisor walton and supervisor yee for convening two weeks ago during our oneweek recess to consider and ultimately approve the onecent sales tax for our caltrain. This will provide much needed reforms and a path for long needed funding f
Is time to evacuate. Wherever you get your apps. Make the decision to please leave your home. The last thing that we want is for people to be trapped in their home, and not be able to get out. Calfire offered evacuations at deer park. The avenue complex fire has forced additional evacuations thousands of airmen and and park of and lake county officers have been ordered to leave Travis Air Force base, because of the danger from fires that are burning in solano county. The base commander issued an order to leave to everyone on the base who is not considered mission essential. People were told to stay with friends or family or go to an Evacuation Center or hotel because there is nowhere on the base for them to stay safely. As well. Some better news, for 150 his back is under evacuation people that had to evacuate watch in case the fire makes a early sunday morning. Mornings on fox 2 lifted mobile running that direction. The complex fires make rents in multiple directions. That is why so m
Southwest, at t, dow and Union Pacific this morning, jim, the hard thing today, jim, is going to know where to start. Yeah, i mean, look, i think last night the news flow was, as you said yesterday, heavily weighted toward microsoft which people regarded as disappointment i think that disappointment is not having the greatest quarter in the world, lets just say that today i think that the focus is whats going to happen when these benefits end and which companies are going to be able to continue to deliver the numbers. For instance, chipotle had a great number, will that be impacted whirlpool had a great number last night will that be impact snd what are we going to see with southwest air we had a fantastic interview with american and then secretary mnuchin i felt once again sounds like theres some room to get a deal done. We need a deal or else were going to find ourselves with a consumer who is too strapped and i think that thats what im looking at for next week and then of course im
Once you get used to the fog and the onshore wind, if you do not get it it is a huge difference. There is not much of a breeze, but there are cold temperatures near the coast. The city is at 52. That is to below average. It is hot inland. 100 degrees on the temperatures today. Theres a bigger fog bank. San Francisco Bay is that 51 degrees. That is cold water for this time of year. The fog comes flying down the coast. That is leaving the city below average. That is not something we say all the time, but when the 51 that make a lot of sense. Write about average for this sa 52 and sfo. 66 degrees in concord. Inland, it is going to be hot. 90s to 100 degrees. By the coast it is going to be cooler today. You do not have to go far to find heat. Lets get over to sal, lets see if there is anything new out there. Sir . We have better news on 580. We had a problem there. I will tell you about that in a second. I want to show you the bay bridge. You can see that traffic at the toll plaza is looki