hello and welcome to inside politics. i m john king in washington. thank you for sharing your very busy news day with us. call it a biden racy can you. the federal government swoops in to pay back depositors after a bank goes under. he promises 2023 will not look like 2008. the bottom line is this. americans can rest assured our banking system is safe, our deposits are safe. plus mike pence says president trump was reckless on january 6th. a big question now, whether pence repeats it when he s with gop voters in iowa, new hampshire and beyond. and president biden green lights a giant oil project in alaska. progressives are mad again. the drilling project suggests an early move to the middle with an eye on 2024. up first for us, though, a pair of bank failures and a white house emergency plan the president says will protect the economy but not at your expense. president biden speaking this morning before u.s. financial markets opened for trading and before most banks o
You. We have to start with the rough may jobs report, and the u. S. Only adding 38,000 jobs. And as simon said, the markets are being resilient considering just how bad that data is. And we can make jokes about the bls forgetting to carry the one, but this is no laughing matter. There is two huge implication, the timing of the rate rises, and it would be surprising to see the fed race in the face of this, and maybe if june is better, it changes, and the other is the impact on the election. The economy stay strong, it would be a major upset to see the republicans win the election, but if the economy goes into the tank, all bets are off. And mike, does this mean that we have peaked in 2016 so far with the job growth, and acceleration of the growth. The expectation would be that you would shift down from 200,000plus a month to something lower, but this is well weaker than we expected in terms of the new trend. And it is too early to say, and to henrys point about the election, the rule of
This as the union and management expressed frustration and fatigue over the labor dispute. We have the latest from oakland. Reporter another full day of negotiations, and even with the chance after courtordered coolingoff period, the pressure to hammer out a deal is still on. All along the process has been a lot more delayed than it should have been, but with this point with the little bit of political pressure we are hearing that the legislators are weighing in and urging the resolution. In an urge to keep the trains running, even if a deal isnt reached this weekend, governor jerry brown called for a 60day coolingoff period. There will be a hearing to determine if it is necessary. That prompted both sides to say they agree on at least one thing now. We wanted to did it may and wanted to do it in july and we wanted to do it now so we are here to get a deal. Things are happening. I think the union want to look at some things and some proposals. For bart riders watching these talks, ther
Good morning, everyone. Im carolyn tyler. Thanks for joining us this sunday, august 11th. Lets start with a quick first look at the whether with our meteorologist lisa argen. Good morning. Heres a look at the fog footprint this morning. We are already getting clearing in the east bay valleys and up the peninsula, but airport delays of 56 minutes. Even parts of mt. Tam beginning to clear. We are expecting the fog to pull back to the shoreline. In fact, sunshine sooner around most neighborhoods today. We are looking at more sun in the city today. That will bring temperatures up a couple of degrees today. Just starts the day of transition. We are looking at more changes, warmer changes for the week ahead. Ill have that for you just ahead. Thanks, carolyn. Thank you, happening now, the bart labor disputes heads to a rare sunday court session. Its just getting underway in San Francisco. A superior court judge is hearing governor jerry browns request to order a 60day coolingoff period to avo
CORBIN — (TNS) Corbin High School sophomore Jacen Post was honored on Tuesday morning with the National Medal of Heroism for his help in saving a young boy s life last