thanks to its high speed systems, the high frequency trader is able to buy up all the shares at a price of $9.50, then sell them to the pension fund for $9.51, the high frequency trader, his own $6000.00 within a few milliseconds and with no attached risk the i frequency traders do not have to be active in the kits permanently. their advantage is most effective when crises, disasters, or political decisions cost strong price fluctuations. essentially high frequency traders benefit from crises and are constantly waiting for the next one to occur. in the beginning, the intention was to use greater predictability and foster infrastructure to increase the stability of financial markets. in fact, the opposite has occurred. automation has made them more vulnerable. after all, there is no electronic system that cannot be hacked. the me, i had a retreating engine, was running in frankfurt remotely, but it was being controlled from london. what happened in this particular case is that internet related outage caused us to lose control over the engine. that was in frankfort. and i remember for a c

high protein. low sugar. tastes great! high protein. low sugar. so good. high protein. low sugar. mmm, birthday cake. pure protein bars and shakes. for every fitness routine. >>> the police killing of george floyd last year touched off a reexamination of monuments and place names linked to racism. that includes a high school outside of san francisco which is now been renamed after a local hero. vergne glen of our affiliate has the story. >> reporter: the high school has been nameless for nearly a year, strippedprancis drake because of his trading slaves. but there was somebody close to home that should be memorialized. >> every time i would drive by here, and it would rememoiralize somebody, i thought, archie should be remembered. >> archie was a math teacher with an inspiring resume. he was one of 18 u.s. black athletes who competed in the 1936 berlin olympics. >> williams is a beautiful mover. >> reporter: when williams ran the 400 meter race, hitler watched and snubbed him after his spectacular come from behind gold medal finish. >> my dad was incredibly humble. really didn't t

>> well, right now it seems pretty clear, the pandemic winners, some of these high valuation, high growth names that were well situated during the unique situation during the pandemic that pulled forward a lot of demand and are now faced with decelerating metrics going forward on all sorts of occasions. you have fastly down 25% today it still trades at 10 times next year's sale. so the demand and pace in which these companies are growing last year into this year are not sustainable at these valuation i throw a whole other group in there, mel, we've seen huge ipo's in the last six months or so, air bnb, door dash, palantir those stocks are down 30, 40% from recent high and they may be comparable to dell, ibm, cisco, it's an interesting relationship you're seeing rotation out of the high-valuation names into cheap names that are more stable that don't have the growth they're just a bit more defe defensive. >> yeah this despite ten--year yields behaving, where were we today 1.65%. jeff, rates are not scaring people out of the high-value tech names, it's something else entirely at this point.

we'll see temperatures this high. heading over to the east bay, livermore reaching 39 while we'll see some upper 70s in oakland today, and right along the immediate coastline we're still in the mid-60s today but hot as we head over towards redwood city and san francisco still in the mid-70s for highs and in the mission district and mill valley reaching 80 degrees today, so we are going to have' lot of changes here as high pressure quickly moves east. we'll see the low diving in between friday, saturday, sunday. that will kick up high winds and may even trigger a few isolated thunderstorms for the sierra. not here in the bay area. looking dry here and we'll have a nice little cooldown temporarily before high pressure builds once again for next week. as we go through this forecast, once again nice to see some cooler air headed our way, and for our valleys and our inland spots like danville and morgan hill, expect a high of 91 degrees, and then we're in the upper 80s tomorrow. now the winds start to calm down. humidity j

daytime highs with offshore winds as well as the strong ridge of high pressure heating up to the low 90s. mid 80s for south bay and san jose, 70s and 80s around the bay today. here is the extended forecast and what you can expect. we continue with warm to hot conditions tomorrow and ocean breeze kicks in and we are going to cool down as we head through the work week and especially into our weekend. saturday and sunday, coolest days out of our extended forecast. back to you. >> thank you. >>> if you are shopping for a home in a high risk fire zone here is something to think about. you might end up on california's fair plan of last resort for insurance paying much more for more less. >> i am not sure how they came up with the name of the fair plan but i don't think it is always fair. >> check out what the state plans to do about it in our project home tonight at 11:00. >>> with graduation season upon us we are celebrating bay area grads all month long. big congrats, way to go aldo. >> send a photo to us or tag kpix on social media. no professional photos please. include their name, cit

john yapp hollins especially high right now. and we've been talking winds which not only contribute to the high fire danger. but of course we'll stir up some of those pollens that would naturally just settle. so that is something that you're going to be noticing, especially as winds pick up. >> and things continue to be in bloom as we work our way through the spring. that was first conditions go right now. really nice and clear view of c church. our skies are crystal clear across the the majority of the bay area. i'm expecting a couple of spots of fog possible, though, right along 8.80, possibly from san leandro through fremont and hayward out to milpitas. so watch for that later today. if you're not going to leaving the house for a couple of hours. fire danger, especially high for the northeastern corner of the bay. that includes county and upper elevations of napa county. that's whwe

the goal was to figure out why and how the pandemic was affecting current high school seniors as they applied for college or decided whether they would apply to college. i a lot of students were facing extra challenges, stresses this year as they apply to college. applying to college is never easy, even in a difficult year but the pandemic upended the pathway to college. especially for those hit hardest by covid-19 and the economic crisis. freshman enrollment fell significantly, a record 13% across-the-board. it felt even more at the community college. more than 20%. experts are worried about signs of that trend repeating itself this fall. which could worsen gaps in college access. since of color, low-income students and first-generation college goers. host: for our viewers, some data and information on what she was talking about. estimates from the census bureau conducted biweekly since august of last year, anywhere from 7.7 million to 10 million adults cancel plans of post secondary classes because of financial constrained. the number of high school graduate who went immediately ont

seems like a very high emotion and high friction environment right now. >> tech, big sellers today, down 2.5% by the close. dow also down 0.1% we're out of time. "fast money" is now. >> i'm melissa lee this is "fast money. today's lineup, guy, kim, karen and dan. tonight we're charting the sell-off tech stocks crashing back to earth and we'll dive in to see if there's trouble ahead. >>> new developments in the wake of that massive hack attack on the nation's largest petroleum pipeline one analyst calling it a fully preventable failure. he'll tell us which companies have the best technologies to prevent something like this from happening again. >>> we are all over the afterhours action, shares of roblox and simon property. >>> we start with a blood bath for tech nasdaq plunging 2.5% the selling widespread across technology and intensifying into the close and the nasdaq finishing at session lows and it wasn't just the high flyers. the tech titans are seeing massive losses, facebook, amazon, alphabet, losing a combined $700 billion in market capitalization today alone that is more than one

on the high country. those winds will howl from time to time. but still these numbers a very nice, very comfortable southlake 65 degrees. 67 degrees in truckee and a very warm 78 in reno. all right around the bay area. now high clouds up above a couple patches of fog down below. you see right there making its way through the golden gate bridge. it's going to thicken up tonight. i think we'll likely see some drizzle along the coastline. so, yeah, a little damp out toward the beaches to start your day tomorrow with a lot of clouds by the afternoon. i think we clear things out. still some nice temperatures inland, but it will be cooler, but it's the mid 70's in the valleys. lot of 60's around the big guys. i tell you, some breaking news that's happening right now in los angeles on c'est los angeles county sheriff's deputies are involved in a high speed chase. >> this is in south los angeles. we understand that the driver was being salt sots rather for assault with a deadly weapon. and as you can see in these

so, today's high was below yesterday's low and today's high above yesterday's low. certainly not bouncing when we're a little oversold. the nasdaq should have had the makings for a better bounce. we're getting a little bit better of one. it looks like we kind of surrendered the leadership position here starting in february and the mega cap growth names and a little more to prove, i would say, although still it's not as if this is some kind of a desperate situation and you still have this uptrend line even though it's kind of shallow and even though you probably would want to hold above those lows to february and march it seems like -- it's the tired area of the market and, of course, smaller cap growth like cloud and tech games are still struggling today this is the s&p 500 from 2008 to 2015 the five-year span this was your major market low i pointed out because there is a lot of parallels with what we see now and this huge about 80% off the bottom of 2010 this is equivalent of the phase we're in in terms of that 80, 90% run off of last year's low it wouldn't be sur

to give high fives to our patients. to hug my students.s working to bring you one step closer to a better tomorrow. with every vaccine, cvs is working to bring you no one likes to choose between safe or sporty. modern or reliable. we want both - we want a hybrid. so do banks. that's why they're going hybrid with ibm. a hybrid cloud approach helps them personalize experiences with watson ai while helping keep data secure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ >>> welcome back we've got a big update on cnbc's first-ever nft sale. the auction for the token commemorating the late great mark haines calling the march 2009 market bottom is up to 12.5 ether or about $32,000 there's still time to bid, head to mintable.app/cnbc proceeds go to autism speaks and the auction closes tomorrow at 10:30 eastern time go and bid if you are interested if you don't want to participate in the auction there's limited number of tokens for sell we sold 27, $1,000

it's been a complicated past 12 months since the high jumper. the pandemic turned her plans upside down the olympics postponed training under difficult conditions and no tournament the resulting lack of security about her future also compromised her motivation comes covert 19 is still impacting on her daily life her boyfriend has been a pillar of support helping her make it through these challenging times. through the getting them to do something with friends again over that relatives without a guilty conscience i also went to work with my coach again without any issues. one and a half or 2 metres distance just isn't normal. she has the experience and almost fatherly support of her coach. she's in charge of the german national high jumper team having worked with young flies for over a decade now also provides some much needed confidence. recognised my weaknesses and helped me to improve. between us that's extremely important it's beneficial for our work together and for our goals. the 2 of them have already been to the canary islands for the tra

high protein. low sugar. tastes great! high protein. low sugar. so good. high protein. low sugar., birthday cake. pure protein bars and shakes. for every fitness routine. >>> home security video shows a small plane moments before it crashed into the side of a mountain east of los angeles. two people on board the single engine cessna survived saturday's crash. authorities say that the pilot and passenger were alert and able to talk to firefighters when they were taken to the hospital. the faa said air traffic control lost radio contact with the plane shortly before the crash. >>> horse trainer bob baffert will miss the belmont stakes and there are new developments in the daunte wright shooting. those are some of the headlines on the morning newsstand. the minneapolis star tribune reports the former police officer charged with shooting and killing daunte wright will go to trial in december. yesterday, a minnesota judge ruled the second degree murder charge gill brooklyn officer kim potter will proceed.potter-yold police stop.icchf said fo firing. s png "ser" a times >>> and the "orl

a high fire danger.he relative humidity values down to single digits as we head through our afternoon and especially inland. you can see how gusty it is this morning, especially in our hills and mountains. temperatures are in the 50s with that sunshine and as we head through the day, heating up especially inland to the 80s and 90s with strong ridge of high pressure and offshore winds. mid 80s san jose, 90 napa, 70s and 80s around the bay and mid 60s for the coast. very similar conditions for tuesday. today and tomorrow, we are really watching critical fire weather conditions. back to you. >> thank you. thanks for watching kpix5 news this morning. don't forget the news continues all day on cbsn bay area. >>> cbs viewers in the west and welcome to "cbs this morning." it's monday, may 10th, 2021. congratulations to you. you made it through the weekend. i'm gayle king, that's anthony mason and that's tony dokoupil. we've got a big morning of news, so let's go. >>> a cyberattack targets a pipeline that distri

at least 4 will be at 90 for the daytime high.akland and berkeley a little bit more moderated at 79 degrees right there along the coastline of the bay. a benicia 87 while pittsburgh fairfield and vacaville 89 santa rosa down through center fell each in the mid 80's. now tomorrow's temperatures. very much so. the same as today's wednesday a little bit cooler after that is when we actually do see a nice little cool down. so fire danger is particularly high today and tomorrow up in solano county. we do have a red flag warning appearing of the hot weather. the dry conditions were in the midst of and some strong winds up through the delta will be the reason for that high fire danger. the weekend ahead and even the latter part of this week will bring relief and that's a much improved conditions as far as that goes reyna. john, thank you for that. we've already had some early morning accidents like along highway 4 and down in san jose. >> they have not caused any major delays at all. as you head into the city right now. you can see they

april saw zero high-yield defaults.s the fifth biggest month for high-yield issuance and history. a lot was that -- a lot of that was refinancing. it's hard to lean against that too hard. >> absolutely. you got everything on your side. easing military policy and improving economy globally and domestically. talk to lean against credit right now. i think you have to be cautious about what risks you take. >> let's talk about whether you should be holding cash. >> we definitely wrote in a lot of cash in the portfolios. some of this exuberance argument is does it give you a bit of pause. the fed puts 120 billion per month into the system then you get the treasury paydown that puts another depending on timing another 500 or 600 billion over a quarter into the system. there's no question that the money has to go somewhere and this is part of that exuberance. there's too much liquidity floating around in the system. we cut all that out then where we think there is upside -- >> just that piece on the cash division, i would love

>> i'm looking at apple here even though it made the all-time high, not quite all-time high but had aigh tick after it earned which showed really great strength, it has been a 8% correction. sorry to step on you before, ryan, 10% correction i think is kind of healthy here and it is holding a key moving average as is nasdaq at the 50 day moving average. so what is happening today we're getting inside day. that is a good pause here. i think we'll know pretty much more in next couple days especially with the jobs report, what happens with interest rates and et cetera. i wouldn't necessarily give up on that. google looks amazing having an inside day, looking like if it gets through yesterday's high that can continue going up another $120, which wouldn't even be close to its all-time high. charles: i admit we took profits on google into strength after earnings but i would never sell at this moment apple or amazon. not sure where the entry points are, if you're holding them i don't know why you would close them out. ryan, michelle, two of the best. thank you very much. >>> folks an oversigh

seema. >>> stocks are off the highs of the day. this afternoon, down 300 points, around 2.4%. we'll put the weakness in tech under the microscope. >>> plus a quick reminder, tune into cnbc's healthy returning summit tomorrow. a huge list of talent and business leaders discussing this era of innovation in health care hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee and only pay for the features they need. zero-commission trades for online u.s. stocks and etfs. and a commitment to get you the best price on every trade, which saved investors over $1.5 billion last year. that's decision tech. only from fidelity. ♪ i wish that i kne

sunshine with high temperatures around 70. first pitch close to our high temperature for the day, around 70 degrees. temperatures 5 to 10 degrees above normal around the bay. that puts us in the 70s. farther inland into the 80s if not the 90s. a good 15 degrees above average. along the coast right around 60 degrees. that onshore breeze is going to be keeping the coast cool, but it's not strong enough to push that cool air inland yet tomorrow. temperatures around the south end of the bay reaching into the low to mid-80s. on the peninsula it's warm. low to even mid-90s as you head farther inland in the east bay. these are the hottest temperatures on the map. 70s around the bay, but it heats up quickly farther inland. in the north bay, temperatures will continue to run well above normal inland for the rest of this week but closer to average by the time friday, especially saturday roll around with some additional cloud cover for the first half of the weekend. >>> dennis? >> hey, paul, who's the best pitcher right now on the san fr

there's also a high wind advisory in place.over to the san mateo bridge to check on things there heading across towards the peninsula a little under 10 minutes for your drive time as you're traveling, we're heading over to the golden gate bridge to check on conditions. still a fog advisory in place along with a high wind advisory. so things are pretty gusty out that way. look at the richmond sandra fell bridge as you're traveling at a richmond nice and light under 9 minutes for us. also bart recovering from an earlier problem. there's a 10 minute delay on the antioch line and the sfo direction duty equipment problem. also a 10 minute delay between berryessa and south hayward in the richmond direction. same due to equipment problem. so keep a close eye on your roadways. we'll have more coming up. let's get back to the news. >> well, police in southern california are still looking for the person who shot and killed a 6 year-old boy in an apparent road rage shooting. it happened in the city of orange. the boy's family is now offer

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debt levels were very high.ithin about 15 years, they bought those debt levels as a percent of gdp. they held interest rates down while the economy expanded. i think that is exactly what we will see. i think the central banks will pay a lot of lip service to rising inflation. they will certainly say that they are vigilant towards it, but they will let that economy gather steam. they will let that nominal gross really show up in strong tax receipts before they start to think about hindering government cash flows. guy: we are going to leave it there. always a pleasure. thank you very much, indeed. what have we got coming up? one of europe's biggest utilities wants to simply fight. coming up kim the divestment plans -- coming up, the divestment plans. this is bloomberg. ♪ ♪ alix: live from new york, i'm alix steel, with guy johnson over in london. this is the european close on "bloomberg markets." the iea executive director fatih birol is calling for a change, saying "the greatest challenge ever faced, our road map

high cholesterol and weight gain, high blood sugar, which can lead to coma or death, may occur.ion, sleepiness, and stomach issues are common side effects. when bipolar i overwhelms, vraylar helps smooth the ups and downs. now california phones offers free devices when bipolar i overwhelms, and accessories for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program call or visit >>> i am not surprised about the ioc and their lack of savvy with public relations. they really specialize more in extortion of countries that are bidding on games. that is their thing. but, what is shocking to me is i read the story today and only 2% of the japanese population has been vaccinated, so if we are 11 weeks out from the games, 2%. i mean, spencer, this is like you are taking about the ultimate super-spreader activity here. >> it sounds like it could be, larry. i would be concerned about going there. what is the ioc saying? we will listen to what people have to say but we are not going to let it matter? what? >> i feel

had a season high 42.ay in the bay, 49ers quarterback trey lance turns 21 today. san francisco selected lance third overall a few weeks ago in the nfl draft. going to get a good look at lance later this week when the 49ers rookie minicamp begins friday. the 49er faithful excited about the team drafting their quarterback of the future, but what about the quarterback of the present? jimmy garoppolo still on the roster and expected to begin the season as the starter. earlier this week garoppolo spoke the first time since the nfl draft and compared the current 9ers situation to what he faced in new england. jimmy was drafted as the heir apparent to tom brady, but brady was in no hurry to give that up spot. fast forward to 2021, things are coming full circle. >> yeah. it was draft night in general is a special moment, just everything you do throughout your football career, you just dream about getting drafted in the nfl. i thought i'd text trey and congratulate him on that. everyone has to make it their own is

high taxes, unaffordable costs! even elon musk left! gavin's mismanagement of california is inexcusable. we need big beastly changes in sacramento. i'll make 'em. recall the beauty. meet the nicest, smartest beast in california. john cox. >>> the light show with stephen colbert the first network late- night show to welcome back a live studio audience since the beginning of the pandemic. >>> june 14th the ed sullivan theater will open its doors to about 400 fully vaccinated audience members. make oliver has a preview. >> reporter: this is the stephen colbert we remember from before the pandemic. a host who loved getting up close and personal with his studio audience. even once graciously accepting an emerald ring.>> >> reporter: but when the pandemic forced broadway and much of new york to go dark in march 2020 the late show at sullivan theater did as well. >> none of you are here right now. only people in the audience are some members of my staff. hi guys. >> reporter: the broadcasts felt so different. they changed the name from the lat

como stocks are at a record high -- global stocks are at a record high.uing to watch for news about inflation. let's get to a question of the day from our global team. how does the highest cpi we've seen a decade hit assets? such a key pillar of all the trading action we are seeing so far this year. we have the head of ages trading strategy at citigroup. does this give us any conviction of where -- is this transitory, is it reflation, is this an ongoing thing that markets rightfully back into? did they give us any more information on that? >> they did not tell us free much about that but commodity prices are telling us that inflation in the short-term, at least, has some very scary numbers. we're going to be, for example, this week's number in the u.s., we are looking at something like 3.6%. what the market has to start doing is price in some probability into the bond market. that perhaps this inflation not as transitory as thought. at the moment, i think the view is very much that the inflation is transitory. i think it will last in -- last at least unti

everything is designed to reduce the odds of high conflict. the thing about the conflict is once you are in it it is tricky to get out. there's a lot of psychological and sociological reasons for that but the idea is to stay out of it like don't let it start. so they are no parties allowed. people are not allowed to campaign for a position even if they wanted. you can only discuss which qualities are most needed and then it's a pretty sober process after prayer each person writes down the name of people they think have the experience and character to lead to the the communityat that moment ande winners are announced. there is no celebrating. it's considered a duty, not a victory. and then once that they have the people in place and have to make the decisions for the community to deal with the conflicts that arise and all that they have other traditions in place to keep the ego in checked and conflict less likely one of which the meetings are called consultations and they do things like if i bring to the table and idea, once i propose that it i

s&p 500, 4211 is the high. investor

it is expectations are high. at the end of the day, when all of these risks that we are talking about are already in the price of the marketplace, we should be looking at risks that are not in the price of the marketplace. those are obviously difficult to foresee, but at the end of the day, the risks we are all talking about, inflation, it is in the price. jon: matt hornbeck sticking with us along with collin martin and troy gayeski. next up, a blot inflation print calling to bond the 30 year auction. this is bloomberg. ♪ ♪ jon: i'm jonathan ferro, this is "bloomberg real yield." time for when we kick things off in the united states. amazon's headlining supply selling $18.5 billion of notes. just 10 basis points equivalent of treasury. i nafta take the markets to new records. first half of supply about $220 billion, and inflation nerves weighing on sovereign, a softer 30 year treasury auction. matt horn -- back with us is matt hornbech, collin martin, and troy gayeski. troy, not enough conversation on europe. the

spots to the record highs for the day.tellite and radar, futurecast, what you can expect. seasonal daytime highs today and for tomorrow. watch as we head through the rest of our holiday weekend. this ridge of high pressure builds in and also a little bit offshore wind flow that will really heat us up sunday and especially on monday for memorial day. as we take you hour by hour on futurecast, partly sunny to mostly sunny skies this afternoon. tomorrow morning, catching coastal drizzle that is a possibility for your saturday morning and then again daytime highs near average for your saturday. as we look to our winds, we are going to see on shore flow for today and that sea breeze really kicking in as we look to your saturday. let's show you what you can expect for south bay. 76 in santa clara, san jose. 80 morgan hill and the south bay. east bay 80 for concord, pleasant hill, antioch and brentwood, 83 this afternoon. 61 san francisco, mid 60s in oakland. north bay, looking at mid to upper 70s to low 80s, 65 alameda, 68 oakla

this time, there's the broad ridge of high pressure.see it here, just going up over the top of the high centered here in these winds, surface winds are gonna start doing that, and that's can be. it is a high fire danger pattern, except we're not seeing the robust wins and fortunately for us, it's a one and done kind of deal. it's not multiple days of this, which was we've seen that and we will see that that's you know. but we don't have the diablo wins or the offshore winds that could make this exacerbate this situation. we do have a little bit of wind, but we're not expecting expecting any kind of wind advisories or any high elevation wins. they're gonna shoot could cause a problem. but without said, it's hot tomorrow. it's dry tomorrow. the fuels are dry the soils or dry because of the drought situation rin, so it's not hard to start a fire. it would be hard for one to blow up because we don't have the big wins, but it would be hard. we'll have a couple of small brushfires tomorrow. imagine just by virtue of the and how warm it will b

we're daytime highs will again rise to some exceptionally warm levels. high pressure is in place.ly going to keep us dry as we've been for so long now. and we've yet another day with a dry northern wind. that pushes into the bay and ups are fire danger. conditions may be relatively calm right now. but come the afternoon. do expect wind speeds to increase, especially for those mountain tops across the bay area where we will see our highest a fire danger red flag warnings remain in effect through 06:00pm tonight for upper elevations of marine and sonoma counties. eastern napa county, all of solano county and then inland areas of both alameda and contra. costa counties. again, that's still 06:00pm tonight after today. red flag warnings do expire and we actually do see some relief just around the corner so if these daytime highs just a little bit too hot for you. don't worry too much. we've got a few more days of them and then they are gone for a little bit concord livermore all in the 90's while santa rosa and napa close to 9089, hey, we're ready to oakland san francisco in mill vall

it's high and it's definitely not super uncomfortable out there. not just going to be hot this weekend, but we're in the midst of this continual stretch of dry weather in our latest drought monitor just released yesterday showing now even more exceptional drought gripping more and more of the bay area. that's that most severe category of drought that's in that deep into deep in red for almost all of the north bay and an expanding portion of the east bay. now all of contra, costa county now affected portions of san francisco and alameda counties, too high pressure building in isn't just going to keep us dry. but it's also going to result in this shift that we have around the corner, which is going to bring hot weather to our inland valleys. well, keeping our cool coastal areas on the fog east side at times, you know where to go. if you need to escape some of that high in heat coastal areas will be the place to be specially come sunday, monday, tuesday and wednesday right now we are looking ahead at an excessive heat watch taking effect for solano co

the high income 1%.and yet the county with the highest audit rate is a mostly black county and mississippi and median annual house hold income is $26,000. i will now turn to senator thune but before i do, let me read off the list that we have right now. senator brown will be next, then senator grassley, then senator warren and senators portman, stabenow, cortez musto and carver. the income that gets the greatest attention from the auditors would be good form to answer. there is also the distinctions about the tax gap not equaling the tax evasion can you tell more about the distinction between the tax evasion and why it's important in the terminology? i think there are many causes for the tax gap which can go from the tax law complexity to even procedural complexity and people not understanding with the irs is requiring in terms of submitting documentation and it can even be a protest against how money is being used. there is any number of reasons and if you treat every single taxpayer the same way you ri

the high test as my dad used to call it for 70.ng 5 bucks trouble is the only set is taking a look at the prices in burlingame aioli. >> yeah, you can see they're pretty high here burlingame you know, despite the memorial day weekend gas prices being so high experts don't think or don't expect that that's going to stop people from traveling. but i think it really all depends on your budget. you know where you're at in the spectrum of economics because i spoke to a couple people often on camera saying that this is really hurting them and they're not going to be able to go on a road trip to take a listen. >> well, i'm only taking my car go to war. the home school. >> high price gas right now. >> yeah. they are pretty high and here goes a shot of what it's like around the bay area san francisco. the average is $4.33 a gallon open $4.25 samara fell for 35 in san jose. 4.25 now with the pandemic happening people being pent up in the house. they are getting that feeling of wanting to go out and travel. and so they think the majority of p

haidi: the asx is sitting at a fresh record high.ong performance from major banks and tech and discretionary's driving those gains. we continue to see the futures rising to a record this morning. what is driving this? guest: the afx was one of the worst-performing markets last year. it underperformed as a lot of global markets were peeking and that's because we don't have that tech dominance that drove the rally in the u.s. you had the pickup in commodities at 20% of stocks in the benchmark, so that helped drive that gain in the benchmark in australia as well as the economy has proven to be quite strong and unemployment has been falling. there is a view that australia has been on top of the virus by shutting the borders and we have control of the vaccines and you are seeing another lockdown in melbourne which could have jeopardized the economic recovery but overall, there is a feeling the economy has proven resilient and unemployment is falling. it has been a commitment from the central bank to keep interest rates low and that has co

let's get a look at our south bay highs for today. we'll reach up to 85 degrees in los gatos and gilroy and east san jose more of the same and for the east bay we won't see as many 90s as yesterday, just a few year and there like antioch, and then it will be cool as vallejo is reaching 70 degrees and notice the breeze making it over towards oakland where the high will only be 70 degrees and heyward reaching 74. we're going to see the strong breezes as well for half moon bay and daily city where we stay in the upper 50s. some fog there near the coast and then palo alto is in the upper 70s for a high. for san francisco it's mostly upper 50s and low 60s today, but this is cooler than yesterday. downtown we're looking at a high of about 63 degrees and north bay temperatures will reach into the low 80s so we're coming down as well with santa rosa reaching 81. the winds will continue to pick up. the winds are coming in off of the ocean and it will be 10 to 15 miles per hour today and we'll have a nice cooldown this evening and the cooling w

represented in high—level jobs as represented in high—leveljobs as men.niverse as it really is, filled with a mysterious substance called dark matter. it can't be seen, but this instrument can detect dark matter by the way it distorts starlight. this is a map of matter in the universe. and that's allowed astronomers to produce this map of how it's spread across the expanse of space. it's an element of, you know, unveiling mystery. something you, you couldn't see before, and suddenly, it's there, and you think, "wow." so, what is dark matter, and where is it in space? well, let's start off with our own sun. it's one of 100 billion stars that make up our galaxy, the milky way, which, in turn, is one of countless others throughout the universe. dark matter permeates space, with galaxies like tiny gems on a tangled cosmic web. the bright areas are where dark matter is most concentrated, and it's here that galaxies form, but the map is not what astronomers expected. the matter should be slightly more clumped together. instead, it's smoother than predicted by e

i think it will take out the high of 53 they just reported earnings. phil said boeing gave the all clear to suppliers and the one that wins in my opinion is spr. >> tim, can we look to boeing 446 as not too far off that was of course the all-time high in boeing just before the recall or grounding of the 737 match. -- max. >> i think the company is very far away from a pre-cash flow generation that's what it was, a free-cash flow machine -- i think the company still has a long way to go to get back there. the order book is impressive at least on a relative basis we know that ultimately, you know, the buyers have two places to go, right, air bus or boeing. and the 320 has arguably been a superior product leaving aside the misfortunes of the 737 max i think as guy talks about the stalk we need to clean that 275 area out it's done very little lately if you listen to air bus, you have a case they've been very conservative on their guidance reluctant to increase their guidance, boeing as well, therefore, i think there is more room for the upside. the comment

high jumper money last year on fleiss it will now also be. the olympic countdown has begun with less than a 100 days to go the focus is also on finding the. first. so focused that this i'll jump at a level i'm happy with what's going to and will be able to go to the games with a clear conscience this year can hopefully i'll jump over $1000.00. maybe even clear to me some knowledge of the thing. is also feeling the exertion of these very special conditions a prerequisite for all of them pick hopefuls a coronavirus job and once in tokyo there will be no olympic village and a limited number of fans in the stadium. again as a whole that's not limping champion i'll be really determined to go for it of course there's always a gamble i don't want to have peaked too early there's no help this season i won't take my peak in late july early august but that's crucial as a top performance by sandakan solve. one thing is for sure. won't have any more time in the coming weeks for his holby fishing. and off the recharging his batteries will be out to defend

higher rates than high income individuals. ...individuals and i would note according to the irs for the record high income taxpayers would be over a million dollars audited at about an 8% rate whereas earned income tax creditors are audited at about 1.12%, just want to set the record just want to set the record straight on that. mr. chairman, thank you. yield about my time. >> thank you very much, and i have the privilege now to turn to chairman wyden. >> thank you, mr. chairman and thanked for scheduling a veryh f important hearing and your long history going after these kinds of cases and trying to protect taxpayers. what i like to do with our panel, we havefi a terrific pan, is better understand how the irs uses the tools at its disposal. forced collection from repeat offenders. i don't believe we have talked about the at, and what were talking about is high income non-filers with multiple years of unfilled -- unfiled tax return. and 26 u.s. code makes the willful failure to file a tax return and failure to pay federal income t