Highest level in two years trade headlines have us on record high watch for the s p, a closer call for the dow and nasdaq and would be the 27th record close of the year for the s p. Joining us for the other, stephanie link, good to have you here this afternoon. What does it mean . The computers take each headline as if its fresh what a difference a year makes is all i have to say last year we had tight fed policy, no idea what would happen with trade. This year we have much more accommodating fed and seems were getting some pieces of certainty on trade may not be what we want but making progress. Now i would argue a lot of this is priced into the market given weve had Market Expansion on the multiple but, you do not fight the fed and at the same time the ism and pmis are stabilizing and the data this week has been pretty good on other data points on the economic front we might have risk to the upside in growth for 2020 and thats why the cyclicals are rallying ive been biassed, its been
The hard earned dollars. This is facebook could facebook be broken up by government shares down on the threat of government action. All that ahead but beginning with the headline sending stocks to new records. The United States and mcagreed in principle to phase 1 of a trade deal Kayla Tausche live at the white house all day. Breaking news all day long and joining us now with the late breaking details kayla. Waiting official word from the white house and the u. S. Trade representative on a limited agreement between the u. S. And china that would see tariffs on sunday delayed or cancelled and would potentially roll back some earlier tariffs or cut the tariff levels from previous rounds. The wall street journal and bloomberg both reporting that President Trump has signed off on this agreement that was presented to him by miss top trade and economic advisers earlier today. The meeting that the president held was for roughly an hour in the oval office. And at one point he was joined by ceo
[inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to ord order. [inaudible conversations] [inaudible conversations] [inaudible conversations] without objection the chair is authorized to declare recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today we are here to examine the act of facebook on the Financial Services and housing sectors. Our sole witnesses the facebook chairman and ceo, Mark Zuckerberg. Facebooks plan to create a Digital Currency, libra, and a digital wallet raised many concerns relating to privacy, trading risks, discrimination, opportunities for diverse owned financial firms, National Security, Monetary Policy and the stability of the Global Financial system i and other democrats have called for a moratorium on facebooks
Facing for his handling of the israel hamas war. And we have an obligation to save these lives, and i think thats what most san franciscans want us to do. A new approach. San franciscos District Attorney is taking to crack down on the ongoing drug crisis. We talk to Brooke Jenkins about the new plan. A local librarian who became a viral sensation is stepping down. The reason behind his decision. This is today in the bay. Here we go, Tuesday Morning. Thanks for starting your day with us. 5 00 right now. Im laura garcia. Im marcus washington. Well get a look at the commute in just a bit. Meteorologist kari hall has a look at what we can expect today. Weve been talking about rain this week. The rain is out of here and the cold front has settled in. Were going to have a couple of days of dry conditions, but it is cold. And the north bay starts out with a frost advisory this morning that will be in effect until 9 00. And then we take a look at some of our temperatures that were starting out
Ride around 80 to 83 degrees to the perception is by the bay shoreline by 3 00 this afternoon the schools closing down and this class are wrapping up the kids about the home is going to be out once again 93 to maybe even 95 degrees the tunnel were you are for some of the house and in schools to commit a digitally ron the bay shoreline the matter when you are is one to be worn our continent and the club will hold on to their forecast maybe into tomorrow attempt to start to come down to traffic. George south the hot spots continue to back up the ride through san jose on 101 in the northbound direction and accident here at mckee oakland road jamming of the ride down and creating this break the north of the incidents leading up to 88101 and to change that northbound drive time continues to grow here 34 and up to 38 minutes now for the northbound truck leading up for the capitol expressway if a trip time to to all the way into santa clara the bridges are slow this morning and these are the