Soaring 60 this year. And it just got a huge upgrade. Its our call of the day. The Investment Committee is ready to go. Halftime report starts right now. Good monday. Happy columbus day. Your Investment Committee today is joe, john, jenny harington, mr. Ron, cnbc contributor. And also with us is keith banks, bank of americas vice chairman, head of the Investment Solutions group. Welcome. Safe to say that the friday euphoria over a partial trade deal, socalled phase one may be fading fast. Our sources saying that china wants another round of talks before signing any kind of a deal phase one or otherwise. Secretary mnuchin saying he expects tariffs to go up in december if there is no deal in place with china by then. So guys, thats the big story. The markets doing well. Today not giving it back, but were not doing much. I know the bond markets closed. Take us out where you see things headed im not sure. If the market is not noes honest answer ever. Im under whelmed about the trade deal.
Yesterday in san jose with the man accused of shooting her was allegedly doing just moments before police arrive. Plus, parts of california may get hit by a topical storm for the first time in almost a century. Were tracking hillarys half of the Pacific Coast and backtoback crashes has the dmv asking one Driverless Car Company to half its fleet off the street. Thanks for joining us for kron. 4 news at 8. Im ken wayne and im vicki liviakis. Were learning new details tonight. About the Police Officer shot in san jose. The man accused of shooting her could spend the rest of his life behind bars on force. Justine waldman has. The update is live for us in our newsroom. Justine ken and vicki before shooting and seriously wounding the female san jose Police Officer. The suspect is accused of attacking his pregnant wife. 44 yearold gabriel kerr heiress made his First Court Appearance today on several charges, including attempted murder of a Police Officer assault and a felon in possession of a
Of the union. And what that says about the race ahead also tonight with three days to spare the former president comes out with the nearly 92 million in dollar bond in one civil case. Well tell you how he did it and the question is, can he do the same for the other nearly half a billiondollar judgment and a day after President Biden committed to building a port to bring aid in the gaza, look at just how long that might take in corresponded course awards, confrontation with israeli is trying to block any aid from getting in. Good evening. Thanks for joining us. We begin tonight, keeping them honest with how President Biden and the man last night he called my predecessor spent their day after the State Of The Union. It was a study of contrasts President Biden went on the Campaign Trail speaking this evening at a suburban philadelphia middle school, hitting many of the themes he laid out last night. But with one difference, he named his opponent donald trump with the maga republicans are
fargo, bank of america, jm morgan, morgan stanley lost $50 billion in market value in one day. that s a hit. on the other hand, those banks still exist. you can t say that for silicon valley bank. svb has gone under completely. that makes the second biggest bank failure in the history of this country. and the significant svb financed nearly half of all venture-backed healthcare companies in the united states. it held significant cash reserves for some of the biggest crip toe currencies. it s gone. federal regulators have rename it and taken it over. that means a lot of people lost a lotf of money. most of that money was not insured, no matter what they tell you. the fdic only guarantees bank deposits up to $250,000. nearly 90% of all deposits at svb exceeded that. and it s unclear if those people see their money again. in fact, when customers show up in svb s branch in manhattan to get the deposits back, managers called the police. so, what we have there is the 1929-style b
former president s legal team, slows down the investigation into the thousands of pages from mar-a-lago on august 8th, hundreds marked classified. after a nearly two-hour court session and a long weekend to think about it, she made her decision writing a special master shall be appointed to review the seized property, manage assertions of privilege and make recommendtations and evaluate claims for the return of property. she continues the government is en joined from further review and use of the materials seized from plaintiff s residence, pending review. the government may continue to review the materials seized for purposes of intelligence classification and national security assessment. to determine the classification levels of the documents will not stop, it will continue. doj can continue its classification assessment. actual investigation slows down. no comment from the department of justice at this hour but it is certainly possible for the doj to appeal the ruling to