With 2018 right around the corner, what could the f we have two reports. Diana olick on the state of real estate. But first, Steve Liesman, on where the economy may go next. A look ahead is this weeks reporter 2018 could be a year of big change for monetary and fiscal polha first, growth in the u. S. Could average 2. 5 to maybe as much as 3 as the u. S. Gets a lift from overseas growth, better domestic demand and stimulus from a tax improvement from the past several years. The question is whether those gains can last or if theyre second, the u. S. Budget deficit is likely to rise next year and will need better growth to bring in more revenue to pay the tax and finally the fed is likely to hike Interest Rates three times, as new chairman Jerome Powell takes the along the lines of his predecessor janet yellen. If growth really takes off the fed coul 2017 saw a big slowdown in the housing market. Not in prices but in home sales because there was nothing to buy. Sales slow more. Sales coul
We have two reports. Diana olick on the state of real estate. But first, Steve Liesman, on where the economy may go next. A look ahead is this weeks reporter 2018 could be a year of big change for monetary and fiscal polha first, growth in the u. S. Could average 2. 5 to maybe as much as 3 as the u. S. Gets a lift from overseas growth, better domestic demand and stimulus from a tax improvement from the past several years. The question is whether those gains can last or if theyre second, the u. S. Budget deficit is likely to rise next year and will need better growth to bring in more revenue to pay the tax and finally the fed is likely to hike Interest Rates three times, as new chairman Jerome Powell takes the helm. And heres a course for the fed along the lines of his predecessor janet yellen. If growth really takes off the fed coul 2017 saw a big slowdown in the housing market. Not in prices but in home sales because there was nothing to buy. Sales slow more. Sales could become even m
I started off my morning with huge rainbows as taking my kids to school. And right now were not seeing rainbows but seeing showers. Let me show you where live doppler 7 is tracking moisture. We have some moderate showers between richmond and emeryville heading to berkeley. As you notice kensington street level radar. Lets get in tighter here. South 49th street we are seeing some moderate pockets of shower activity. Very scattered and light. From daly city to brings bane. And san bruno area and also in the north bay as youll notice around lucas valley road. Fairfax kenfield spotty returns. In the lake county area in the hills there are some snow showers. Mixed precipitation continuing over mt. Hamilton as you notice in shades of pinks and purples. And hail numerous reports around the region. Close to a dozen earlier today. Were not specking hail but the showers continue. Thunderstorms have long gone. The sun has set. What we really are expecting out of the level 1 system through tonight
Will be in trouble. Im talking about the housing goose and frankly on days like today where the dow dropped and the nasdaq sink 6. 4 . Its one of the few sectors working, in fact, it saved the day from being a fullfree fire zone. Fir, understand that once again, we are back in international purgatory, the house of pain. That is when happens when the Chinese Markets are down and others are weak, and commodities are soft and the dollar is upper freaking strong. When you have this combination its almost impossible for the market to rally. Theres too Many Companies that do poorly. Think about it, for starters this is china. And we have to talk about it. Have read how china has not impacted our market so why does it matter now . That is a stupid question. Sure the stocks themselves are not that important. A lot of the individual companies are important. Because they tend to be financials, when i try to pick among the rubble in china, its the Financial Companies that are unhealthy to me. Not
The lights of the Washington Monument with the National Park service is saying about the latest malfunction tonight. Fox news at 10 starts now. Hi, everyone, thanks for joining us tonight at 10 im jim lokay. Im lauren demarco. We get things started with what we like to talk about this end woo being the forecast. Its been amazing weekend to spend outdoors. Sunshine and temperatures approaching 70 in the middle of february. We should add a lot of you out there have off president s day and gwen a lot of people like that three day weekend and they see the weather carrying over to monday. Well see it carry over. Its a little cooler and you know what, who is going to complain . With temperatures some 20 to 5 degrees above the seasonal average its april feeling and february. So have the opposite going on. Highs today upper 60s, low 70s across the board and we had winds that picked up a bit and overall it was not too bad. This hour 59 at same in nations capitol and 55 mannasas dulles and marti