Which is crucial for canada. Lets check on the broader markets here in the u. S. For the s p 500, continue to reach above 3000, but just a bit of weakness before the rates decision. The u. S. Dollar index not really moving. We are at 97 92 cents, fairly healthy. Off. 0 year yield on general electric, investors reacting well to this numbers to these numbers. It looks like larry culp is actually delivering. Guy cash flow very solid. Flows off today. It is the banks really doing the damage, mainly Deutsche Bank, Credit Suisse, santander, all down hard today. That is what is dragging the stoxx 600 away from the 400 line. Eurosterling a little negative right now. Tiering comes into place today for European Banks, plus the restart of that qe program. We are keeping a firm i on both of those stories. The others dry want to mention is the South African rand, absolutely pummeled. The dollar up by 2. 5 . The budget out in cape town today, having a few having a huge impact on the rand today. Vonn
In the green, dow up 185 points earlier. Seventh straight day of gains. Hanging in the balance up by 16 points and up by 8 and energy and communication services, best performing sectors at this hour happening right now in washington, the House Judiciary Committee holding a hearing on the dominance of big tech. Ylan mui with that story for us. Ylan reporter this is the first of the antitrust investigation. How far will they go i spoke earlier today with the chairman of the House Democratic caucus of new york and he told me that subpoenas are not off the table. To the extent that we dont receive full and comprehensive cooperation from the big tech companies, then the subpoenas are one tool at our disposal that we may be compelled to use. Reporter but a word of caution from the ranking republican on the committee, congressman doug collins will say in the hearing today that big is not necessarily bad and proposals to break up big tech risk throwing the baby out with the bath water so the h
To be announced today. Then the worlds top ranked golfer arrested but is now back on the green. The reason Scottie Scheffler was behind bars earlier this morning. Plus, a sigh of relief for those who live and work in the big sur area, highway one finally reopens after major storm damage and earlier than expected. Live from jack london square. This is morning time two. The nine. Today is friday, may 17th and we are looking live at the San Francisco skyline. A nice picture here of the clouds. The weather is i think its a nuanced issue. And thats why were going to have steve come in and tell us more about what we can expect over the weekend. Ill let him handle that. The Alameda County office of education has launched a new program in response to the growing Teacher Shortage in the east bay. Its teaming up with oaklands Reach University to offer a low cost teacher credential plan. Some aspiring teachers will only pay 42 a month to get their accreditation , while at the same time theyll sti
Charles payne. This is making money. Breaking right now, stocks, weve seen a little bit of moxie but were seeing major defensiveness. Maybe this is why Piper Sandler at the beginning of the week said the relief rally is quote questionable at best. We have the author of that report at 2 15 im getting tremendous reaction to the economist asking if inflation is morally wrong. Keep comments coming on cvpayne or on twitter x. I will read some at 2 30. Speak of the fed, cash car remember said rates will likely hold for a extended period of time. He brought out his inner paul volcker. He is determined it looks like. Dont look know, reddit, reddit may save the ipo market. My take how unfair things have been, finally how you have run out of money. All that and so much more on making money. Charles you can still feel the anxiety in the air, i know you can, right . This is the thing. This is the pandemic index, panic index, rather. This is the month of april. It erupted right . Because listen we