Minute commute. Watching doppler to let you know when well see more rain coming down across the north bay. We saw a band around 3this morning. It brought alittle bit of measurable precipitation. Right now youcan see most of the action to the north along highway 101. Still getting a lot of rain coming down. Its moved towardsfort bragg. Very light bringsell along the north bay. 101looking like some rain coming down but very, very light. It is expected to pick up. We did see that band move through and look at our totals so far. Were expecting to see about a quarter of an inch across the north bay. Well track it foryou and let you know when the showers will reach us coming up. One of the nations most famous criminals is dead. Charles manson died of Natural Causes in a Southern California hospital last night. Were live in the newsroom with more on mansons life and death. He died at age 83 at 8 13 last night at a hospital in Southern California. He was inprison for nearly 50 years for orderi
I was brought to tears because you could see the terror on everybodys faces. Reporter two Ceiling Tiles in the bar were shot out. The suspect ran off before Police Showed up. We are hoping that the community will come forward, anyone with any information about this incident or, you know, anyone who was there. Reporter customers say the bottom of the fifth is the last place youd expect to see gunfire. When Something Like this happens, its not the norm. Its shocking release lay. This is a very, very friendly place. Reporter call police if you have information. In benicia, cornell barnard, abc7 news. New at 6 00, a driver crashed into the front yard of a home in San Franciscos forest hills neighborhood this afternoon. The red sedan crashed into a gas meter just after 1 00. It caused a small gas leak. Pg e crews were called in to make repairs. Police are investigating. Slick roads are being blamed for a crash that injured two california Highway Patrol officers in the south bay yesterday. T
Barnard is live there with more on that video. Cornell. Reporter yeah, eric. That video is really incredible. We do want to tell you that the two shooting victims will be okay. One is still recovering at a hospital. It all happened early this morning here at bottom of the fifth sports bar. The manager said the man got very angry because he couldnt get served alcohol. Take a good look at this man. Police hope someone knows who he is. Weve never seen him in here before. Reporter he walked into the bottom of the fifth sports bar early sunday morning around closing time and quickly got angry. Our bouncer noticed he came in and asked him for his i. D. As he was asking, he was being told we werent serving any more drinks. He pulled the gun out and pointed it at almost everybody in the bar. Reporter on surveillance video, the man points a gun at the bartender. She ducks behind the bar. The gunman then pushes his way past surprised bar patrons. A customer on the right wearing a ball cap confro
Of the conduct of Monetary Policy and i recognize myself for three minutes. We heard president obama taken economic victory lap but the people are having none of it they are tired of hearing from the out of touch ruling class in washington how good things are when theyre reality is vastly different not listed in the fact or president ial appointee a hope itll follow suit with quantitative easing of the zero interestrate policies working families paychecks have declined. One added six is on food stamps and there hasnt been a single year but one published report that there is no parallel for this since world war ii or the beginning of the republic. So with the lgbt growth for struggling working families. And to condemn the fed decision 25 basis points to make it appropriate to revise the fomc but given that article one of the constitution gives congress the power to coin money and regulate the value. That this set the fed to adopt a policy that is transparent to end a sustainable this is
25 23 . So my question is, has the turmoil in Global Markets changed your view about the appropriate pace of Interest Rate increases and hikes, or will you wait to see how Global Market turmoil affects the u. S. Economy before raising rates again . We are watching very carefully whats happening in Global Financial markets. It would appear that the stresses that we have seen since the turn of the year relate to uncertainties regarding Chinese Exchange rate policy. There are uncertainties around the price of oil. We have not seen shifts in that seem significant enough to drive have driven the sharp moves we have seen in markets. There would seem to be increased fears of Recession Risk that is resulting in rises in risk premia. Weve not yet seen a sharp dropoff in growth, either globally or the United States, but we certainly recognize that Global Market developments bear close watching. As i mentioned that financial conditions have become less supportive to growth, and we recognize that