Growth as solid and said that the labor market continues to strengthen but the fed pointed out that wage growth has remained moderate and that inflation has been below the feds 2 goal this year. In the report, the fed said that it remains firmly committed to its inflation objective. Here at home, the fed is still forecasting more moderate growth during the Second Quarter and that the slowdown in business fixed indepth could be persistent internationally, the fed said that growth has stabilized during the first half of the year, albeit at a restrained pace it also said that International Financial conditions were supported by accommodative communications by major Central Banks. Now, as you said, this all comes from the feds semiannual report to congress fed chair jay powell will be testifying on the hill next week there was a special section in this report on trade the fed found that tariffs lowered u. S. Imports by about 70 billion. It also said that higher tariffs are having a materia
A boo for pro athletes. Reporter not this time for kevin durant who wants to win an elusive championship on a team seen here on a photo shopped tweet full of all stars. So 17 million he will pay in taxes he didnt have to pay in oklahoma say, you fell bad for the guy . He is making half a Million Dollars a year. Harrison barnes no long we are the warriors he signed with dallas he wont be paying seals tax but making money sales tax but making money there. Andrew traded to the Dallas Mavericks to make room for durant. Team coverage and it is going to effect the team. It is they are going to lose some no strength in numbers they have to say goodbye to some good war years. Harrison barnes is expected to join him in dallas with a mavericks. 1 11 million salary goes to dallas and barnes deal is 4 years 94 million. Back up center, now becomes an unrestrictive free agent one player coming back is back up point guard Sean Livingstone who had his options for next season picked up by the team. Two
Tore day with the cloud around highs of only 80 degrees. Sitting in the the 07s right now. Humidity starts to rise in the nighttime hearst and that fools heavier rain. Seventys at the shore at this hour. Fire works forecast for philadelphia, yes, there will be some showers, around at this time, temperatures hanging out in the lower 70s. Muggy. We will time out this entire storm system and talking about big time summertime heat on the way as well. Details in a few minutes. Thanks, justin. Keep track the rain on the go tonight. Down load cbs3 weather app to check storm scan three from your smart phone available on itune and google play. There are plenty of celebrations going on today but none as big as right now in center city. Our own Vittoria Woodill joins us from the party on the parkway, happy fourth, torey. Reporter happy fourth of july, ukee. Right now we are Hearing National anthem being sung behind us. Look at that stage and look at all of those people. Concert begun at 5 00 oclo
Good evening on this fourth of july. We begin this holiday with severe storms and a nation on high alert. These images just coming in. Reported tornadoes, a dark wall of clouds in kentucky. And near charleston, west virginia, this walmart in kentucky badly damaged by the storm. Torrential downpours blinding drivers in the midwest. And at the same time, police are out in force from coast to coast, ahead of the festivities tonight. The nypd deploying the Largest Police detail ever on the fourth of july. Ginger zee has the holiday forecast in a moment. But we begin tonight with abcs phillip mena. Reporter tonights severe storms marching across kentucky, sending trees into homes. Dangerous displays lighting up the night skies, alongside the fireworks this holiday weekend. Lightning setting homes ablaze. In plano, texas, homeowners salvaging what they could after this strike. Another bolt sparking a fire at an apartment complex near dallas. And suddenly, there was a bolt, i never heard such
Good evening on this fourth of july. We begin this holiday with severe storms and a nation on high alert. These images just coming in. Reported tornadoes, a dark wall of clouds in kentucky. And near charleston, west virginia, this walmart in kentucky badly damaged by the storm. Torrential downpours blinding drivers in the midwest. And at the same time, police are out in force from coast to coast, ahead of the festivities tonight. The nypd deploying the Largest Police detail ever on the fourth of july. Ginger zee has the holiday forecast in a moment. But we begin tonight with abcs phillip mena. Reporter tonights severe storms marching across kentucky, sending trees into homes. Dangerous displays lighting up the night skies, alongside the fireworks this holiday weekend. Lightning setting homes ablaze. In plano, texas, homeowners salvaging what they could after this strike. Another bolt sparking a fire at an apartment complex near dallas. And suddenly, there was a bolt, i never heard such