Numbers and while thats not exactly what we wanted, its what we need thats why stocks were able to rally on that news, the dow gaining 69 points higher most of the day and s p climbing. 09 and the nasdaq is tech heavy and does well when the economy is really slow dips 1. 7 . Why the heck are rerootiwe rootr weak data . Its about the macro ive never been a fan. Its a big picture when Interest Rates are much higher than the rest of the world and the world is reluctant to cut them. The macro matters and matters a lot. Thats why this disappointing payroll report is so important it gives jay powell more leeway to cut Interest Rates if he wants to powell is a traditionalest fed chief, for more than janet yellen thats why powell wants to be measured even though he was anything but measured with his rate hikes asemimet triric l and wrong. This is starting to hurt the economy. I lived through the 70s and understand the fear and if you dont stamp it out, it will wreck your economy this isnt the
A cyclon launches the tiny pacific kingdom. Donald trump Spending Plans how the u. S. President wants to divvy up more than four trillion dollars plus. Investigators are still searching for the cause of a plane crash in russia which killed all seventy one people on. South africas embattled president has been delivered a deadline state media is reporting that jacob zuma has been given forty eight hours to resign values party the African National congress it follows a marathon meeting to discuss his fate and see president serum a post is understood to have met the main person to inform him of the partys decision from a poster ramped up the pressure on sunday saying the issue was causing disunity and discord zuma faces a number of corruption charges but has refused to stand down before his term ends next year for me to miller has more from johannesburg. Theres been no official word from the African National congress as to the outcome of this meeting held by the National Executive committe
Next year a minute minute miller has more from johannesburg. Theres been no official word from the African National congress as to the outcome of this meeting held by the National Executive committee the top Decision Making body of the a. N. C. But we do understand based on reports from the National Broadcaster the s a b c that as well as the secretary general of the a. N. C. Met with jacob zuma to relay a message from the a. N. C. And according to the state board cost that was the jacob zuma has a day or potentially to to resign as president of the country now the n c has been meeting throughout the day in fact will rip returned to the ne see so it would appear that the conversation theyre having isnt entirely over yet but jacob zuma is certainly under pressure all indications are given his behavior in the last ten days or so he is resistant hes resisting this resignation he doesnt want to step down and if that continues to be the case the a. N. C. Would then have to Institute Proceed
A Tropical Cyclone lashes the tiny this if it came down. Trumps Spending Plans how the u. S. President wants to divvy up more than four trillion dollars plus. Smaller ears. And brock obamas take on his official portrait as u. S. President. South africa is in battle the president has been delivered a deadline state media is reporting jacob zuma has been given forty eight hours to resign by his party the African National congress its been holding a marathon meeting on monday to discuss his fate president Cyril Ramaphosa is understood to have met so much and person to inform him of the partys decision am opposed ramped up the pressure on sunday saying the issue was causing disunity and discord suma faces a number of corruption charges but has refused to stand down because his term ends next year the minimal or joins us with more on this developing story from johannesburg so. Clear this up so were understanding theyre telling him to step down from Party Leadership thats not necessarily the
Beating over the last few weeks. Take a look at these waves. Seacliff state beach down in aptos. In just a few hours, crews will try to recover a car from Alameda Creek. Authorities believe they will also find the body of the 18 yearold driver inside the car. Kpix 5s jackie ward joins us live near the creek with an update on the search and recovery efforts. Jackie. Reporter the Recovery Process all depends on the water level of the Alameda Creek that looks like a river lately. When we were here yesterday, we couldnt even see these rocks towards the riverbank. So it has subsided significantly and thats good news for what local and county agencies want to get done today. Yesterday with the help of the drivers family and friends, search crews think they found the car that went into the water over the weekend. An 18yearold girl from tracy was on highway 84 saturday when she collided with a car traveling in the opposite direction sending her car into the water. With drones, authorities coul