Overnight was in the belly of the curve of the fiveyear as the fed committed to keep eyeing bonds. 10 year yield is also at the lowest in a week. You see that in the aussie markets with 10 year yields down , so belowbasis points the 1 threshold. Yen. S are bid up with the it breached that 107 mark. We are still around 10693. Hong kong dollar also breached that small and. End. Very strong side of 775 7. 75. Crude continuing the climb after the u. S. Stockpile data. Highest in nearly four years. Gold futures getting a boost from the fed. Bond yields staying low. That is helping to provide this rally. Has. Haslinda expectations of a long road to recovery. Ovishost average dub signal. Our Global Economic and policy editor Kathleen Hays is here with powerful words from jerome powell. How bad is the feds you of the economy to be so dovish . It certainly has reassured investors that the fed is going to stay for some time. I think when people saw the made jobs report of payroll at two and a ha
Reporter its not just isolated to the four officers under investigation. Was this is a culture of racism that is baked into the structure of the San Jose Police department. Reporter he says is time to clean house from top to bottom. Truck fire every officer, dismantle the department and invite the community to have a larger conversation of what Public Safety for all means. I think without overhaul there is not going to be a change. True the president of the naacp incident, valley says this has eroded any trust in the Police Department. Voice decertification needs to happen because they will take a lateral or transfer. Reporter they say the city should also reexamine the criminal cases that involve the affected officers. With these Police Officers are just racist inside her head. They have vocalized their racism online explicitly. Without shame and even engaged in threat of violence. The mayor says he wont dismantle the Police Department. Hes pushing for reforms that will make it easier
Lets get started with a check of our weather with darren. It is windy out there and it is cold out there. Is more of a fall like weather pattern for the rest of today than you would expect for late june with july right around the corner. I noticed the wind driving up. There is going to be a windchill fact into it. First of all for the first time in a while we can actually see from our cameras on top of the salesforce tower. That is a sign we are beginning to clear out a lot of the marine layer that is been hanging around. The temperatures do not tell the whole story even though the 48 in santa rosa is a bit chilly. The real headline is the fact that we are going to see gusty winds particularly through the afternoon. I will show you how those pickup coming up in your complete forecast. There is your headline. By the afternoon it gets windier. For much of the rest of next week things will quiet down. Current wins in the 20s but they are gusting in places. There are your daytime highs are
In the corporate world office cash and apologies for historic racism. Critics say people want more than just words and serious action is needed. Lets get you a look at the markets. We had a whipsaw session as these comments from jay powell really causing investors to take a step back and consider the amount of risk being put on the table with this record rally weve seen this year. We are seeing on the downside when it comes to trading in u. S. Futures. Down by 4 10 of 1 . Chicago futures, also pointing like a down stock when it comes to trading. Over in tokyo, i should say. In sydney, a downside of 1. 4 . Interestingly, we are seeing that strong rotation from gross into value stocks in the australian market. New zealand, on the downside of. 25 despite rough data that suggests credit card data for may saw a bounce in consumer spending. Story, back to our top the Federal Reserve sent the most dovish signal it could after they didnt. Make a policy change Kathleen Hays is here. She has pow
Oakland, 68 san jose, 67 concord. A big rm up thug week. More on that coming up. Lets check in with gianna for a look at traffic. Right noe Construction Projects happening. If you are an essential working your or Healthcare Worker and getting out and about, you may run up to a few trouble spots along the onetoone were busy spots because of the road work. Lane closures through san mateo and both directions of 101. You can squeeze pipette a heads up. Golden gate bridge quiet as is all bay area bridges. Just north of here there is roadwork on the southbound side of onetoone as you apart approach the waldo grape. Today the second way the schedule changes for muni, reducing service. They now focus on 17 core routes. A bay shore, 22 fillmore, 38 curie, a few. The frequency will vary by line so the lines experiencing crowding will have more frequent service than others. If you plan on using muni, make sure you check the schedule before you head out the door and we will have this information o