Lawrence karnow it has been an incredible rain season and its still going. One of the strongest april storms in recent memory moved through last night with heavy rain and winds gusting over 50 mph. Weve head showers throughout the day but another storm is about to move on shore. You can see the rain on our doppler radar. There are a few shower that moved through today. Showers continue now but are more scattered. Theres another storm just off shore that is headed our way. Well have details coming up in a few minutes few minutescoming up in a our way. Well that is headed just off shore another storm theres scattered. But are more continue now showers continue now scattered. Theres another storm just off shore that is headed our way. Well have details coming up in a few minutes pam in the east bay. Last nights storm caused heavy damage to several neighborhoods in the oakland hills. A mudslide damaged multiple homes in that area. dbl bx kron 4s Lydia Pantazes joins us live tonight. With m
dave look for showers to return later this morning into the afternoon. Dry weather will return to most areas by this evening and into tuesday, except for a slight chance of light rain in the north bay into early monday. A significant spring storm system may impact our region with rain and winds beginning wednesday of next week. marty landing breaking news. New airstrikes have hit the site of tuesdays chemical attack in syria. Activists in the city say airstikes hit friday and today. At least one person was killed and 3 others are injured. Its not clear who conducted these airstrikes. We will continue to follow the situation out of syria this morning on kron four marty landing our top story this morning. Three homes have been red tagged after sizable mudslide came rumbling down in the oakland hills. The slide also impacted an eastbaymud service line. Leaving more than 20 homes without water kron4s Lydia Pantazes shows us just how bad the damage is. pkg it started coming down our yard re
This morning. Yield curve continues to flatten and of course the fed minutes are on the way 2 00 p. M. Eastern time. Road map begins with target shares plunging after the Company Issues guidance. Call will begin in just over an hour. Goldman sachs downgrading equities saying theres no particular reason to own them. And fed minutes are coming out later today as the dollar hits a sevenweek high. Four years ago today facebook went public at the nasdaq. Shares priced at 38, now closer to 120 on a day where Mark Zuckerberg is set to meet with some u. S. Conservatives. First up, mixed picture on retail, target beats on quarterly profit but revenues and comps miss, Current Quarter guidance, lows better than expected results, comps up 3 surpassing home depot for the First Time Since 2010. And staples beats on the top and bottom line. Hard to remember a time where lowes its routinely the bridesmaid here, not this time, jim. Used to be for about four or five years during a period before frank bl
Today it became more important after the Federal Reserve gave the clearest indication that the central bank could potentially raise Interest Rates again. In its released minutes most of the members say they are ready, they just need the economy to cooperate and that sent stocks on a wild ride with the dow moving 200 points in 45 minutes. By the close the dow index was off three points and the nasdaq rose 23 and the s p 500 was up fractionally. We have two reports tonight. Steve reports from the Federal Reserve on the minutes of the Central Banks last meeting. Reporter the u. S. Federal reserve strongly suggested the possibility of a june Interest Rate hike if the Economic Data improved as expected. In fact, in the minutes to its april meeting are he leased today they said some conditions had been met including a stablized dollar and diminished global risks. Many members expected other conditions to be in place. That meant further evidence the economy would rebound in the in the first.
Today it became more important after the Federal Reserve gave the clearest indication that the central bank could potentially raise Interest Rates again. In its released minutes most of the members say they are ready, they just need the economy to cooperate and that sent stocks on a wild ride with the dow moving 200 points in 45 minutes. By the close the dow index was off three points and the nasdaq rose 23 and the s p 500 was up fractionally. We have two reports tonight. Steve reports from the Federal Reserve on the minutes of the Central Banks last meeting. Reporter the u. S. Federal reserve strongly suggested the possibility of a june Interest Rate hike if the Economic Data improved as expected. In fact, in the minutes to its april meeting are he leased today they said some conditions had been met including a stablized dollar and diminished global risks. Many members expected other conditions to be in place. That meant further evidence the economy would rebound in the in the first.