Boats go out early this morning. Right now the light house and the beginning of light on the horizon. It is 50 at waukesha. 52 elk horn. 51 sheboygan. High pressure is slipping into the ohio valley. You will want a sweater this morning. Climb up to the mid 70s by noon. Not much in the way of blue skies and south breezes and going up to 79 degrees. Now to the traffic with matt. No need to run the ac this morning. Things are quiet out there. You can see i94 things are looking good here. No troubles as far as travel times, everything is in the green at this time. Thats a look at the morning commute, back to you. Update is expected today on a shooting that sparked unrest in milwaukee. Overnight, sherman park was closed for the 7th straight night. The Milwaukee County sheriff ordered the park closed in the wake of the violence after an officer shot and killed smith. Now there are still Unanswered Questions about the death and could get answersater in the day. Mike anderson is live outside o
These are the top stories in business and finance at this hour. China is given Global Markets a booster shot in a surprise move, Chinas Central Bank cut is bench mark Interest Rates for the First Time Since 20 12 the one year lending rate was reduced to 5. 6 . China is on track for its slowest annual growth in more than two decades. Stocks around the world shot up on that unexpected move out of china and comments from the e. C. B. President. He said Inflation Expectations in europe have fallen to a excessively low level and the e. C. B. Must find a way to get prices rising as quickly as possible. The inflation situation has also become increasingly challenging. Headline infrustration has fallen significantly over the last year. Last november it still today as 0. 9 . This was low, but it was generally expected to rise safely above 1 by now. Draghi is trying to keep europe from sliding into a japan style deflation anywhere spiral. Hours after his speech, the e. C. B. Said it is the gun b
It was billed as a big meeting. The first time top leaders would meet the president since the shutdown. In the end, Speaker John Boehner said their evening meeting at the white house amounted to little more than a polite conversation with zero headway. Earlier in the day, president obama told Cnbcs John Harwood essex as operated even though he has tried to work with republicans. During the course of my presidency, i have bent over backwards to work with the Republican Party and have purposely kept my rhetoric down. I think im pretty wellknown nor being a calm guy. President obama has called for a clean continuing resolution to fund the government. One that does not try to strip obama care funding. In order to do so, just 17 house members would have to break ranks. Thats assuming all 200 democrats will vote for it. Right now according to the huffington post, that number of republicans stands at 20 conservative congressmen. Devon nunez compared it to lemings with suicide vests. I dont un
Following the soma mine collapse, the countrys worst ever industrial disaster. Death toll now sitting at 282. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. A warm welcome to todays edition of Worldwide Exchange. We focus on the gdp numbers. Were getting the latest data out of italy. Were trying to bring that to you. Gdp contracting down 1 on the quarter. It was forecast to up up 0. 2 . The drop driven by the industry secretarier. The italy Service Sector growth flat in the First Quarter. The Agriculture Sector grew into q1. Nevertheless, the italian number disappointing. Its in contraction. First quarter gdp down 0. 1 . Thats taking euro dollar around sixweek lows. 1. 3675 is where we stand at the moment. It is worth pointing out on tuesday we got down to 1. 3685. We are a bit below that as well. Sixweek lows for euro dollar. This follows news around gdp elsewhere. Germany beat forecasts First Quarter growth in the period, it doubled the pace reco
Republican president ial candidate says he will not attend the Republican Convention this center. On the democratic side its full speed ahead for Hillary Clinton and Bernie Sanders. They are on the campaign trail once again today as is donald trump. The messages are clear. Trump is hitting clinton, clinton is hitting trump, and sanders is hitting both of themes he keeps pushing ahead to the democratic convention. West virginia is next up for the democrats this coming tuesday. Kentucky and oregon are the other big prizes before we all go to california on june 7th. Republicans, meanwhile are coming to grips with donald trump as their presumptive president ial nominee. And miss shifting his campaign into general election mode. Lets bring in our panel. Our chief politicalist analyst Gloria Borger and mea malika henderson. Gloria, he has named a new National Campaign chairman, finance chairman, to go out there and raise money, steve mnuchin. This is significant. Very significant. Dont forge