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The president criticizes the fed and europe as powell testifies this week. Deutsche bank announcing massive job cuts, exitinging Global Equities business, a highlyanticipated 8. 3 billion Restructuring Plan, but will it be the last. Another controversy brewing at starbucks well tell you what has the company apologizing this morning. Late last week, the s p was at within striking distance of 3k. Since the release of the stronger than expected june jobs number on friday, stocks have fallen on dampened hopes of a fed rate cut as the chairman prepares to testify on the hill later this week the president ramps up his criticism of the fed over the weekend. Take a listen. Despite everything, theyre not doing well and were doing great. Theyre not doing well at all, were doing great. Were taking money out and Interest Rates ....
Read tomorrow. Not so invisible. The chip giant notching its biggest stock reversal in nearly seven years and the biggest single day percentage decline since last may, plus targeting tiktok. Theres a bill thats moving through Congress Pretty quickly that could ban the social media platform in the United States. President biden says if, in fact, it passes congress, hell sign it. Lets begin with what will be a very busy week for the markets that ended friday with a losing week for the s p. We havent done that for a few times, but it didnt stop your former employer. That is true. Berens. I think the nature of the decline, you mentioned the reversal in nvidia and we had an almost made to order jobs number and the market didnt exactly shrug, but it wasnt able to capitalize on it. It highlights a couple of the things people have been suggesting would be a test for the market, which ....
politicsnation. tonight s lead, trump in or out. there is just hours left in 2023 and if this last week is an indicator, the looming presidential primary season will be dominated by without republican front runner donald trump can legally seek the office again. three years after he fanned an insurrection. this week that states of maine and california said yes he could. the state of maine said no he couldn t. but there are just three out of more than a dozen states weighing the issue. and trump head and especially venomous message for one michigan lawmaker who get to criticize his increasingly nasty campaign language over the christmas holiday, dragging her late husband into the war of words. that lawmaker, congresswoman debbie dingell joins me shortly with her reaction to that and to trump s enduring impact on her state ahead of 2024. and 2024 contender nikki haley has had an entire week to demonstrate that she knows the root cause of the civil war. the enslavem ....
With plans to spend even more aggressively on a. I. Also, that Second Quarter guidance, perhaps, not that exciting on top of that, we got a massive earnings day comcast, five dow components also reporting, merck, honeywell, caterpillar, dow and ibm, one of the biggest laggards on the s p, by the way lets begin with the Market Reaction to the weaker than expected gdp, jim. 1. 6 looking for prior actually, it was about 2. 5 . Goldman was at 3. 1 . This is one where people were obviously the wrong way on both. Wrong on how slow it is and wrong on inflation so, the fed needs some help. These were numbers where you could say, you know what, they can cut. But david, you dont cut when you have this kind of inflation. So, the core price index, up 3. 7 when you were looking for 3. 4. What are you smirking about . These are awful numbers. Im not smirking. I was looking at you happily, ....
Through the 100. Temperatures at 76, 79, 76, 77. The inland areas, they will be dropping. The system is enhancing that bank and it will spin in the atmosphere. Temperatures are not that far apart. At the babe those at the bay, 57. At the bank, 57 and temperatures will continue to be on the downward spiral. We will probably settle in tomorrow. Brentwood, 58. Livermore, 58. Moraga, 56. Again, everybody is really close so that low cloud deck has made it well inland. 50s, 60s and 70s for most. As our traffic behaving or no . I would say so. Steve, we dont have a lot of major problems. We do have some slow traffic. We can start with the bay bridge and i will show you that it is backed up all the way out to macarthur. There have been no major problems but it is crowded at the toll plaza. About a 20 minute delay. We are also looking at the commute in the east bay on the 24 at lafayette. It looks like we had a little problem so it looks like we are going to go to 24 on the maps and westbound i ....