Network Dagen Mcdowell as always, pwc partner and cfr Mitch Roschelle and lindsey bell maria markets this morning, quiet situation going do what could be fireworks in next 2 days, dow industrials down 71 points, nasdaq down 27, Federal Reserve jay powell testifying before the House Financial Services Committee Later this morning, markets are watching specifically to see if powells comments indicate signs of a future rate cut, a lot of people yesterday, Jon Hilsenrath said, well, if its not july, itll be september, lindsey, you have a lot of thoughts on this. Yeah from the testimony today and tomorrow, im not speaking anything new out of fed chairman, he will stick to the language that we heard in june that hes here to support the Economic Growth that weve seen so far, i dont think we will hear anything about the change of Monetary Policy or any type of rate cut, how much it will be if there is one to come, and the thing i think that the investors in the market are really going to look
These. But first, lets take a look at the weather. Yes, darya james here get rain is standing by with traffic in john here for stuff back with a look at the forecast foggy . Yeah, those little bit, john, just a touch of fog. Overwhelmingly great day for sure. And we are going to be seeing some increasingly bright skies here just a few minutes, as you can see behind me. Nice little sunrise there behind the bay bridge going on right now. Similar perspective is what you just behind our ian james, a little bit of that light coming up over just a touch of fog out there across a lot of the bay where you are seeing it. There are a few dan spots like through the golden gate and into the north bay. So watch out for those areas. A much calmer start to the morning. Then we saw yesterday not looking at any convictions. So no thunderstorms. Its 50s 60s and some 70s to kick off this one later on today. Were going to be just as hot as we were yesterday, right back around 100 degrees for a lot of our
The winds are picking up. The santa ana winds have been causing problems since the fire erupted around 6 30 pm monday. They are going to get worse overnight. The screwball fire created tense moments this morning as people were evacuating or heading to work on the busy 405 freeway. This video shows a Burning Hillside next to the lanes of traffic. A scary sight as people drove past. Jana and the newsroom with the latest. Reporter we do have an update. The Fire Department held a press conference on the fire this past hour. They say winds are picking up and they are dealing with some flareups in the bear air bel air neighborhood. People should be ready to leave their homes. If more evacuations are ordered. The sunset barely visible wednesday night as smoke shrouded parts of ventura and los angeles counties. Flames from the thomas fire 60 miles northwest of los angeles are burning. I watched all the fires last night. It was pretty bad. This was like nuclear winter. Reporter in los angeles a
The hit stores like this and do that kind of damage. He is confident that the Good Police Work will crack the case soon and the suspects will be apprehended before hitting the store again. Stephen tschida, abc7 news. Larry thank you. Alison talked about it online for months and now itks like metro board is willing to give them refunds if the trains cant get them to work on time. D. C. Bureau chief sam ford covering metro live from the judiciary station to explain. Sam . Sam well, it came out at a meeting today of the metro committee on the safety and the service delivery. As a way of assuring the public metro plans to win them back by putting the money where its mouth is if necessary. Back on your smart trip card. A Committee Voted Unanimously to accept a plan whereby m would reimburse the fare of any smart trip rider is the trip was more than 15 minutes late. Reaction . I think its a great thing to do. Frequently late on metro. You like the idea . Yeah. It sounds great. The Board Memb
That backup is winding up fairly quickly. And the 101 at blossom hill road, thats cleared up also. Mike, we have some great weather today. We really do. I overlaid the fog layer and there really is none out there. There is a broken deck of clouds. What were looking at for our temperature, 57 degrees this morning. Good sleeping weather. Bottom line, thats your coast. 60, 62. 67 at 7 00. Our inland neighborhoods, remember the triple digits just a few days ago . 70 to 76 degrees, back to 68 by 7 00. Enjoy the mild weather. I do have a warming trend coming up in the 7day forecast. I know you woke up late today and youre trying to get to work. You may not want to cheat, though, if you use the carpool lane. Bay area officials now asking for more money to come after you. Tiffany is live on the 101 in menlo park with whats being done. Tiffany . Reporter good morning, matt and jessica. Yes, cheating is a major problem throughout the bay area. The metropolitan Transportation Commission found on