Brexit story of all the papers on the front page. Let us start with the front page. Let us start with the metro and heres the headline, thatis the metro and heres the headline, that is their take on this review into hsz, are they trying to push this into the long grass or get rid of it altogether. I get a train down from the park and quite a few days in the week and you can get a metro there and this is a train story on there and this is a train story on the day were you just ran through everything being about brexit and the train is using, i think this smacks of election hearing. This has to do with the merits of the case. This is probably dominic but he can get blamed for everything because he cannot answer back. Boris johnsons chief adviser. In producing why do they have him with his influence. Actually do think that the review will be a process to assure people in constituencies that they are doing something about it. Hs2 has got to happen. The pollution route that exists on the ma
Which is how you get to the dow today where it lost 129 points, 5. 3 of the nasdaq nose dive 1 . But the first two weeks of earnings season things were pretty straightforward sure this economy might be slowing down, but the consumer was doing so great backed by a strong job market, higher stock prices and i have to tell you, it was offsetting any industrial weakness hallelujah. This week its a totally different story. The markets no longer on its meds while twothirds of our economy is consumer oriented indeed, the other third has gotten so bad so fast its crying out for some kind of government intervention. Thats what caused todays weakness because the nonconsumer economy is plain worrisome. Tonight were speaking to electric power thats the largest Transmission Power Company in the whole country. If youre trying to get a read on the economy, theres Nothing Better than getting the power datd a it took my breath away when they said the biggest economic head wind we have at this point is
Plus, clouds moving into the bay area as another round of rain moves our way. When the wet weather will arrive and impact on your week. And music taking over downtown San Francisco, how one neighborhood is using Live Performances to try to get businesses abused. [ music ] the news at six a clock starts right now, thank you for joining us, i am terry mcsweeney. And i am gia vang, we have enjoyed a dry, sunny weekend so far, but changes are on the way. You can see dark clouds in the sky. In San Francisco also, you can see that flag just really moved by the wind. Rain is going to move into x and meteorologist rob may ohta here to tell us when the rain will start to fall and the big changes by the end of the week. A lot of things happening over the next five days. Right now it is the wind, the clouds, and eventually the ran spelling into the north bay. There is the creek right now, you can see across Sonoma County come on approach to San Francisco within the next hour or two, and eventuall
Nationwide. The company says it will close about 50 of those stores this year. And this is coming after it posted a 4th quarter loss and declining sales kron fours. Tiffany justice joins us now live from union square with the macys there with the latest on this breaking news story. Thanks for joining us. All right. A staple here at union square will be closing its stores. Kron 4 confirming with San Francisco board of supervisors. Aaron peskin ys that this macys location here at union square is slated to close its stores. His office says it will stay open for the rest of the year. Well, they work to sell the property. But heres what we know so far today the Company Announced that they will be closing 150 Stores Nationwide over the next 2 years. They say that they will be closing about 50 of those stores during the first year. The company has not announced which locations will be closing their doors first. But we do know and have confirmed the Union Square Location is included. Now this
Brookfield owns hydroelectric plants, cell phone towers, power lines, wind farms, ports, and even city skylines. Bruce flatt has been at the helm for more than two decades, overseeing more than 900 billion of assets under management. The veteran chief executive is considered a visionary investor with a golden touch. But for him, its all about patience and finding the right investments. Bruce what you might think of as risky, to us, its not risky, because we have been in this business in these businesses for a long period of time. Francine in this episode of leaders with lacqua, i speak to bruce flatt about the secrets of his success, the outlook for commercial real estate, and his own future. Bruce flatt, thank you so much for coming on leaders. Bruce how are you . Francine im great, because im speaking to you. Brookfield has gone from, like, strength to strength. If i was a martian meeting you for the first time, how would you describe your company . Bruce we invest in, buy, and own t