Guy the university of michigan giving indicators of consumer confidence, pretty much in line with that except for the Current Conditions number, which looks a little light. It is up in terms of where we would expected to be normally, but nevertheless, you have an 82 print there but and citation of 85. 84 last time. At headline number coming in 72. 5, little lighter than the 72. 9. To 10ion 2. 6 five years years out. Basically everything in linux of the current number. Alix we are a little worried about what is going on. Underwaye call is right now, started at 10 00 a. M. They are reporting some good news in guyana. It has been a huge boon for hess is hard tobut it emphasize how bad this quarter was four at chevron and exxon, particularly with exxon not writing down any assets. Joining us is mark stoeckle, adams funds ceo and senior portfolio manager. It is always good to see you. I want to start on tech. Numbers were amazing. Companies made made billions of dollars. On the flipside, pe
That breaking news out of alameda tonight. Police confirming the body found near Bay Farm Island bridge is that of a woman who went missing over the weekend. Officials are now working on recovery efforts. Thank you for joining us here on kron. 4 news at 5. Im noelle bellow. Im grant lotus talking about 52 yearold desiree lisa hughley, who was last seen at her home. Near san antonio avenue on saturday morning. Police say had a phone conversation with a family member. The day she went missing saying she was going for a short walk, which is something her family says she did quite often and would usually only be gone for a short time. However, by monday, the Alameda Police department asked for the publics help locating her. This is a developing story here will update you as soon as we learn more about this discovery. A freak accident left 2 bicyclists dead in napa county today. The world on a lumber truck shifted while traveling north on silverado trail around 11 oclock this morning. The l
Areas to tax. San francisco was one of our sunny spots to sleep. Its very foggy out there across not just the city, but look at this. About half of uc berkeley is under nothing but sunshine. The other half is just packed right in with that blanket of cloud cover. We have a High Pressure ridge over place right now and its resulting in sinking air and what thats doing is pushing that fog really condensed into the bay. So its a very dense layer of it. And its taking a while to burn off where youre seeing fog. Its nothing but great where youre seeing sunshine. Its nothing but blue skies up above. We are still seeing some fog in the north bay, despite the fact that those dense fog advisories have technically expired. So watch your travel on 1, 0, 1, 37 as well as between app and billie jo as well as along 80 as you traverse from vallejo down through oakland and right along the bayshore to where its very foggy in the spots. Now, current temperatures still hanging out. Kinda cool. Were only i
The economy faces new threats. Jay powell is going to be facing the Senate Banking committee for his confirmation at 10 00 wall street time on tuesday to be the next chair. I want to bring into half for some reaction. That wes speculation might hear something different. Kathleen this is a 2. 5page statement. The testimony is tomorrow at 10 00 wall street time or 5 00 here in new york. You can see the Senate Banking committee decided to put this out on the table. Lets just run through. As part of our fed team, i received these under embargo. Ive had a chance to look at this. Powell is expecting Interest Rates to rise somewhat further and the size of the Balance Sheet to gradually shrink. Is this a surprise . No. We know this is the path the fed is on. Theres nothing in here about inflation and the fact that it has fallen short of the feds target. The fed must retain flexibility to adjust policy in response to the economy. Subtle, nuanced way for jay powell to make it clear, as fed chair
Hong kong fell, led by 10 . Desolate by tencent. Led by tencent. Chinese regulators are not spending. Approval of mutual funds plan to allocate 80 of other portfolios in hong kong. Global news, 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries. Bloomberg. We are looking at markets. Have a look at hong kong. Hang seng down. Down. 9 . This is bloomberg. Emily this is bloomberg technology. This is the Biggest Online spend day of the year. How will cyber monday sales stack up . Where our Consumer Spending . Bitcoin hitting new milestones at a record pace. We will discuss their value. The Koch Brothers back meredith corporation. Will the deal help revive the Digital Strategy . To our lead. It is the big stay for Online Shopping in the u. S. This year. Cyber monday sales are expected to break new records as giants like amazon role at all the deals. Online spending totaled 3. 3 billion. Emma chandra covers the retail industry. Walk us through the trends. You