108 points hire. So good news all around. Lets see if it can stay this way. Treasury yields, you can look at a 10year note at. 681 we have so much going on the fed kicking off a twoday meeting. The first since it put new framework into place isnt expected to change Interest Rates fed chair powell planning to answer questions about the outlook during tomorrows News Conference then we have the data coming in today where we get august import and export prices. The latest productions numbers and the earnings, we have fedex and adobe. A lot of other news, joe i can hear the bounce in your step i hear it in your voice. I think it might be the guests we have again today. I know you are excited for the hour we had great guests yesterday and great guests today we have bob from viea come cbs Jared Kushner coming up in the 7 00 hour. Kevin mccarthy then i realize we miss becky whenever shes out but you like to talk and i guess i do too so it is 50 50, instead of 33, 33, 33 you dont have to admit
At 92 this afternoon. 90 in concord and livermore and 84 for san jose and 73 in oakland and 67 for San Francisco with that sunshine. Were going to see those temperatures soar later this week. Details on that coming up. But now lets check in with gianna for a look at traffic for the latest on a crash along 680. Yeah, this is 680 through the sunol grade. A lot of brake lights there. Thats because of an accident involving where a vehicle may have been sideswiped by a big rig. One car is facing the wrong way in lanes. Some slow speeds in the area. That left lane is still blocked. So expect some activity there. Also causing delays off of 84 headed over towards 680 vallecitos. Adding to the already busy ride in the area. The travel times in the Altamont Pass slow. 33 minutes to go from 205 over to 680. And were now seeing some delays popping up on the eastshore freeway westbound 80 highway 4 to the maze. Give yourself 19 minutes. Coming up next well get a live look at conditions at the bay b
Others warnings of continued outbreak headwinds plus mobile merger revision, why softbank is cutting its stake in the Overall Company that will be created between sprint and tmobile, and why its so much more likely to happen and shares of deere are up, reporting abunexpected rise in profits, shows an early sign of stabilization for the farm sector coronavirus worries putting stocks on track for a negative week theres a spike in new cases both in and outside of china you got cocacola joining the list of Companies Impacted by the outbreak, saying it expects it will cut quarter earnings by one to two cents a share they coupled that with a 2. 5 div hike and we heard from lulu, daimler and others as the list is getting longer and will get longer from here one of the things people took the cue was from proctor said it was going to hurt us, the stock was up and climbed form the rest of the sector. Why dont we tell the truth . A little too premature, they all presume it will be solved within a
Obvious pin action when a report earnings after a strong day, dow gained 138 points you know what . How about go for the best in th session . Why dont we start with the excellent work as commodity sending truly terrific numbers last night you know what they did they call the bottom we had ceos on our show all the time i spoke to him on squawk on the street. Watch this that matters. If you are going to get a read that actually help you make money otherwise, it is all bladder. Sanjay has been in every quarter. Inventory is down on a reasonable level he said he would be buying the stock back, his own stock, hand over fist which is what he did not only he talked the talk but he also walked the walk. All right. Where can we help you make money and other stocks although i do think it is a terrific buy right here. Once the cycle turns, once the prices where these products start to go higher or at least the price tag relation slows youre usually at the beginning of a fabulous multiyear, not 5
Catalysts for investors on the horizon. With fed meetings this week and new tariffs set to go into effect this weekend. Joining us, ian winemore weve been paying close attention to these big trade headlines. How much is this influencing what were seeing on wall street these days i think its overstated as to how much its actually influencing wall street. I think theres two things at this point the first is that theres so much liquidity being pumped into the marketplace by central banks. They Just Announced another round of qe, even though theyre not calling it that. And youve got positioning, which is a very big deal a lot of hedge funds and active managers are lagging again some for the last ten years, and because of that, they cant afford to miss a rally you see this synthetic short base, where people are long cash, and thats why selloffs like today, youre not seeing a whole lot of followthrough, because need to hold until the end of the year. Ian is with us for the next hour we have