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If not yesterday, what takes us there . Well, you know, to put it in context, end of last year, i thought we were well oversold. Recession fears were overdone at the end of the year. Our narrative has been a tale of two halves rally first half, selloff second half. Why . China trade and optics around it were a big reason for rally in the first half alongside the fed pivot towards a more dovish stance i think the fed, short of new qe into the end of the year has limited ammunition to prevent what i think is a normal cycle slowdown and i think the optics certainly around trade with china have deteriorated frankly, the reason why the yuan above 7 is so important is it shows that trade wars become currency wars if theyre prolonged and trade wars, by the way, are neither good nor are they easy to win keith, you seem to think that the next round of tariffs actually is going to have less of an impact, if i read you correctly, than the first round did, though New York , United States , Hong Kong , United Kingdom , San Francisco , China Sea , Brunei General , South Korea , Seema Mody , Gary Locke , Gary Loch , Larry Kudlow , Ann Lee , John Chong , Ronald Reagan , First Half , Year Limited , First Round , Small Business , French Quarter , Holiday Season , Even Services , Services Pmi , Top White , Top White House , White House ,
Politics aside and finally get the job done. Reporter he also touched on the north korea situation and security at home and abroad. He ordered guantanamo baking the cap open Guantanamo Bay beach kept open. I will not repeat the mistakes of past administrations that got us into this very dangerous position. Reporter representative joe kennedy, delivered the democratic response. This administration is not just targeting the laws that protect us. They are targeting the idea that we are all worthy of protection. Or mac reporter the president said today that he was striving for unity. Congress is deeply divided on a number of issues. The next budget deadline is just over one week away. In washington, lauren blanchard, fox news. Bay area congressman, erics wall well spoke to us after the address. He said President Trump talks big about collaborating with congress but when it comes ....
Northbay family the target of swatting believed to be a first for marin county. Deborah is live where she spoke with the police and the victim. The victim said his profession might have had something to do with this. Reporter he is an illustrator. Brian believes apolitical drawing he did motivated someone to make this false report. Potentially putting his family and neighborhood in jeopardy. This was for the wall street journal about turning weapons into reporter 20 years of illustrating this was a first for brian stauffer. We were not even here. We did not see the spectacle of what it was. Reporter police swarming his house located in the bottles jekyll valley neighborhood. They asked me if i heard gunshots. I said nope. We have to go to the back yard. Reporter this labor watched as officers set up a perimeter and took position. Taking no chances. A caller who sounded young on the phone had reported a shooting at the stouffers place. His parents had been arguing. The father had taken ....
They are small potatoes. Kathleen i had an interesting conversation with bill dudley and i am putting that comment of small potatoes from bill dudley seenrspective we have much worse, however, he is convinced as well that, rate hikes will continue and is interesting to me that it isnt just u. S. Fed officials but other central bankers downplay the stock market volatility. We heard it from greg spencer yesterday, and we heard it from ecb officials yesterday, saying it will not affect the policy path. Unless it gets worse and last longer. Yvonne we heard the boe chiming in and it is fueled by the selloff that we saw overnight. Interesting contest of last week, or earlier this week that the worst may be and this is a technical shakeup given the fact that most of this market with short volatility, but now that trade is that, perhaps the dust settles, we should be ok. But today was an indication that we could see more to go. Kathleen may more dust coming, we shall see. The s p dropped takes ....
Take you into lands end near the legion of horn where we have that fire burning, temperatures fallen to 76 and the winds with calm. Its still work across the board in many spots. 87, san jose. 83 an yok, livermore 83 degrees. Still 70s and 80s by 8 00 and by midnight tonight temperatures cool into the 60s and 70s. Well take a look at how long this heat stick around. Forecast in a few minutes. Guys. First in july then again on sunday night, its two times this year that a canada has been involved what could have been an accident at sfo. Vick lee live with the story. Reporter some serious questions need answers tonight. Those two incidents extremely disturbing. The faa investigating sunday nations incident. That plane was about to get into sfo on a landing approach when there appears to be a total communications break down with the tower. Sunday night air canada flight 791 from montreal was clear to land when another plane was on the run way. Air traffic repeat it had instructions to gove ....