You updates to this story. Good morning, im carolyn tyler. Thanks for joining us on this sunday, june 12th. Marries Frances Dinglasan, stand being in for meteorologist lisa argen. Good morning. We will see more clouds to the. Right now look at the wide range of temperatures. We are ranging from 48 in no had sought toe all the way to 70 in brentwood and we are still hang on to the warm notice the inland area like concord at 62 degrees. But thats going to change because we have the onshore flow that will pick up. You notice with the onshore flow that will bring temperatures down in the inland area. We will see still warm conditions but we dont expect to get into the 90s, maybe upper 80s in the inland area. 70s around the bay and 60s at the coast. Cooling trend continues. Ill let you know the accuweather sevenday forecast. Thank you, francis. In the bay area today some graduating seniors will be carrying signs at stanfords graduation. They are hoping to she their solidarity with survivors
At 50 but 55 del monte, san mateo. Shower activity can certainly pop up a little later. You can see why. Everything is rotating over the series of lows, giving us cool conditions. Sun and clouds. Light rain or thundershowers possible later. Mostly cloudy, partly sunny, 60s to mainly low 70s. All right, sal, south 701, what can you tell us. It is crowded than when we started at 4 01, steve. But i digress. Yes, there is a crowd here, although it was more crowded 15 minutes ago. It seems to be here at this spot where its 25 minutes and staying that way, probably will stay that way for the 7 00 hour. Highway 101 in San Francisco also getting crowded, not stop and go, as you drive through the area. I do want to mention that traffic in the east bay is still very slow on 80 eastbound. South bay commute, and traffic on 101 is slow. Nothing too major to record in the way of crashes but you will see some slow traffic for sure. 7 02. Back to the desk. Vallejo authorities are searching for a suspe
Yellen, bernanke, volcker and greenspan speaking at an event last night. Hank paulson coming out swinging against actions his former agencies took on former tax inversions. Shares of gas down big after reporting march was a challenging month for the retailer. Well look in on the state of retail. Just days after the Treasury Department announced new rules which had the effect of breaking apparent the giant deal under which pfizer was acquiring allergan, hank paulson was on squawk box and said Companies Need to pay their fair share when it comes to taxes but also criticized the Treasury Department. Were a nation of laws and rules. You cant change the rules you shouldnt be changing the rules after the facts and changing them and changing them and changing them again. That is something that ian reed, the ceo of pfizer said in an oped yesterday and something that brent saunders, the ceo of allergan said on this set a few days back. Theres been across of criticism at treasurys move and seems
Sum it up, a contested convention for the republicans now very likely. The democrats go far left, they are sharply divided. What a day. The frontrunners lose, seven months to the election, still no certain as to who the two parties will nominate and Varney Company is about to begin. Let me be perfectly clear, i think Richard Nixon said that, make it perfectly clear, there is no relationship between the election and the market. Today looks like the dow is on track to end its losing streak, maybe, but look at pfizer, officially killing the allergan deal. Score one for the tax man. Pfizer will stay in the u. S. And continue paying the worlds highest Corporate Tax rate. How about oil driller baker hughes. The Justice Department is preparing to file a lawsuit to block the merger with halliburton. More on the government there. And baker hughes up a fraction. How about this the price of crude oil, russia is okay with 45 to 50 a barrel oil if and when theres a production freeze. Speculation ab
This is typically an interesting trading week. You get some moves. The european markets were in the red last time i looked. London not open. Boxing day, right . Yes. Boxing day. Whatever that is. Thats where you give the staff money. Its called a christmas box. Thank you, that helped me. And the tenyear note yield. Crude oil which has been such a key to the markets is down thats the biggest move down in a few weeks. We rallied strongly. Rallied strong last week in wti and in brent. Brent fall beg low ing below wt. Amazon said it added 3 million prime members in just the week before christmas. Amazon had a great week what about the other brickandmortar stores . Where are all those return gift items going this year . Potentially important story moving forward, valeant ceo is taking medical leave. The stock is down 6 on that news. Well have the latest. Futures moving lower as we head into the final trading week of the year. Crude oil down 3 following last weeks rally. Overnight in china,