we see in the fed beige book, loan volume picking up. it in the data yet. >> that's right. >> now what? >> what gives? >> yeah. >> we still like financials. we think honestly, in a rate rising environment and think there be opportunities for loan growth to eventually come and the sector is really important to the overall s&p and expect that will be picking up. go ahead? >> jump in quickly on melissa's point. is it possible because of the different loan places not necessarily fed governed have popped up we're seeing more loan activity outside the fed's data sphere? >> it's possibly more broadly credit extension is happening outside of -- >> not reported -- >> talking the bond market, for instance. >> could be the bond market. private loan companies. prosper, on deck, whatever they might be. >> part of a bigger capital market we now have. i would say corporate sentiment 3w50679 it's we've seen whether due to trump, republicans aren't going to spend, that drives corporate activity. >> quickly, guys. >> got to get to the president. quickly.

steve: the beige book was muted, not as optimistic.hehows a snapshot of where economy is over a six week per iod. fomc will be meeting, before that they surveyed businesses around the country and ask them what they see. they saw moderate to modest growth, depending what district you were looking at. and they found of the labor markets were stronger. notas a mixed report, particularly strong. but it was consistent with an overall expansion, consistent with the fed continuing to at least consider raising rates in june. if you look at the hard data, we will have a slowdown in the first quarter, may be less than 1% growth according to the atlanta fed's tracker. this was suggesting things are more optimistic than that. yvonne: we will have to talk about that hard data versus soft data. thank you, for that focus on the u.s. economy. and we will discuss concerns that higher positive numbers are not translating into consumption and investment. betty: the outlook for the u.s. property market. our chinese investors bullish on housing and the u.s

this man in the beige or gold car actually exposed himself to that girl. these parents want him caught. >> try to catch them they need to camp him he cannot be outen the sfreet. >> this loss alt ohs mother on edge after a man approached her 11-year-old daughter and friend. friday afternoon as the girls walked here near the high school. >> waved said, hey, then mentioned for them to get in the car as he reached over and opened the passenger side door. >> they reported it to the police who notified the family the next day a second girl also approached on friday. this man exposing himself. >> once she turned to look she recognized that he was exposing himself. >> the suspect is described as a white male, 18 to 20 years old, long wavy blond or reddish hair, pulled into a short upony tail driving a gold or beige colored sed zbloon anyone in the area matching that description seen, act being suspicious with we would like people to come forward. >> most alarming when the girls ran to the neighbor's home for help the man waited to see if they'd make it inside safe

it doesn't square with the beige book report, does it? karl: no. there seems to be a disconnect between the two. andave seen this year in year out weakness in q1. this year is more of the same. the reason we can shrug off the and retail sales numbers some of the weakness in industrial production and whatnot is because household income growth, the holy grail for continued economic expansion , household income growth looks decent. it is holding up at a pace that should justify continued growth in consumer spending later this year. riccadonna, thank you very much. , will have an exclusive interview with dallas fed president robert kaplan. let's get a check on market reaction to the beige book. julie: not seeing much of that. in terms of market reaction. but we are seeing a continuation of the altering of the rally that happened this morning. 31% -- .3%. the nasdaq still up .5%. part of the faltering of the s&p 500 rally has to do with the financials. morgan stanley still higher after that company reported the biggest increase in fixed income revenue a

and the beige book wednesday, philly fed survey. friday, home sales. 63 companies have reported results this week. netflix and united after the close today. we'll also hear from the rest of the big banks. bank of america, goldman sachs and morgan standing. other names united health, j & j, ibm, travelers, visa and ge. >>> when we come back, this morning peace corporate headlines, plus delta's big money plan to deal with overbooked flights. this is the topic du jour. [phone ring] hi anne. so those financial regulations being talked about? they could affect your accounts, so let's get together and talk, and make sure everything's clear. yeah, that would be great. being proactive... it's how edward jones makes sense of investing. but we've got the get tdigital tools to help. now with xfinity's my account, you can figure things out easily, so you won't even have to call us. change your wifi password to something you can actually remember, instantly. add that premium channel, and watch the show everyone's talking about, tonight. and the bill you need to pay

the federal reserve beige book report, which tracks economic conditions in the fed's 12 districts isut at 2:00 p.m. boston fed president eric rosen grin is spe rosengren is speaking this afternoon. blackrock, u.s. bancorp and morgan stanley out with reports before the bell. lots of focus on morgan stanley today following that miss by goldman sachs yesterday. the question will be is goldman sachs just the outlyer. so far it has been. trading revenues in the fixed income area, which was where that miss manifested most of all, goldman sachs up only 1% year-on-year. compared to the likes of bank of america up 29%. significant miss for goldman sachs, only up once year-on-year. morgan stanley guided down already their trading revenues for march. they came forward and guided down to say it will be about flat, quarter on quarter-year-on-yequarter,-yea that will make them the outlyer. >> now that you got most of the banks, the overall picture of the financial sector, is it continuously focused on where interest rates go? >> yes. on the eps line, every one of the big banks except goldman sachs

the dollar did see some movement yesterday after the beige book came out. u.s.tral bankers suggesting that maybe growth is not as good here in the u.s. as they may have expected. the ft also published a full transcript of their interview with steve mnuchin who said the president is not trying to talk down the dollar despite the fact last week he said he wanted a weaker dollar to help exports. the dollar then fell. this is what you're seeing in the currency markets now. finally look at gold, where we are right now at this hour. on the back of what's happening in the rates market and in currencies, you see gold weaker by just about 0.1%. we will have full coverage from the imf meetings, i'll have some exclusive interviews with you, including one with the former federal chairman, also an exclusive sit down with christine lagarde, the host of the meeting. imf just upping the global growth forecast. that's at 11:00 a.m. on squawk alley. we have all our friends in the house, including geoff cutmore from london. good morning. >> good to be here. >> it's an interesting

but if i make a phone call from my office on the road from the beige airport to beige, that -- the beijingport to beijing that phone call is less , likely to drop than if i do it in on the road from kennedy to new york or from logan in to boston. that is not about the government being willing to spend money. that is about various rules that bear on siting, and the ability to site cell phone towers and the like, and the way we have managed our endowment of spectrum. charlie: would you make the budget an expending deficit neutral? >> i would be willing, in order to make investments, to be shut -- short of neutral, and here's why. deferred maintenance is a deficit. it is just one we don't count. if we defer maintenance, it is placing a burden on to my children that my children's taxes are going to have to pay for many years from now just as surely as borrowing money. it is just there is one different. when you defer maintenance, the cost compounds at 5%, 7%, 10% a year according to the best estimates. when you borrow money in the markets, now details you pay 1%, 2%, maybe 3%. so borrowing mon

lo's raishing crop top is pricey, especially when paired with a beige cristian louboutin fur.e're told 24 flashy here i am getup was for a business meeting yesterday. a rods is bringing his lady along to up his brand. >> hello. you're bad enough, aren't you? >> it wouldn't be such a bad idea when j. lo seems to have a glow when it comes to beefing up a profile. >> she's one of the smartest girls i've met. >> in their nearly five years together, he went to being a choreographer. a-rod is famous in his own right. let's say the former yankee's reputation has been tarnished. >> tom brady, roger federer. alex rodriguez. >> [ bleep ] that guy. >> whether j. lo is a-rod's secret weapon or not, expect to see more a-rod. they're packing in time together. >> it's obvious. we've been having a great time. >> sounds like it's already working but if j-rod need help, look no further than jennifer aniston and justin theroux. there were a few surprise visits down under. they keep their long distance marriage hot. >> facetime and getting back wherever i could. i was missing summer in los angele

. >> a beige ford expedition with three people inside slammed into the rear of the tractor trailer. the two passengers were pronounced dead by arriving medics. >> the accident led to the demise of two black females. one age approximately 25 and one 40. the driver was taken to einstein hospital and now just reported he is in stable condition. i can't give you much more than that. >> the driver of the 18 wheeler was taken a required rest break and was at a nearby hotel at the time of the crash. there are skid marks but it's not clear if it came from the expedition and if there was another vehicle involved that contributed to the collision. >> other people say there was another vehicle but we are investigating that. we are canvassing the area and video we may be able to find. >> but you can't confirm anything? >> i can't confirm that. >> it's not clear if anything was recorded by the cameras at this time. we heard from one witness she believes she saw a third vehicle that somehow possibly contributed to what happened here. and the lieutenant says that can cannot be confirm add this the

jonathan: it is a reason it is beige. prime -- jonathan: prime minister may will take questions and later, over in the u.k., as they will debate the call for a snap election. it was not meant to happen until 2020. two thirds need to vote for the snap election that prime minister may would like. david? david: morgan stanley was not the only bank reporting results. blackrock posted better than estimator earnings. it is the cover story of "markets" magazine. the ceo, larry fink, sat down with our erik schatzker. we are fortunate to have larry us for shorter version of that interview. k: i will not submit larry to that revealing q and a. as david mentioned, black rock poster earnings. adjusted earnings per share, five dollars and quarter. looking for $4.89. perhaps, you have had long-term inflows of $80 billion, as david mentioned, revenue was short of expectations and so did operating income. there are people who wonder if it is a red flag. larry: i do not think so. and an fees, in line operating income, we had special charg

you have got some imf meetings, the fed beige book, earnings from the likes of goldman sachs, and earnings here on wall street, and a week that concludes with a first round of the french election next sunday. we're back now with carl, fran, and martin. i want to begin with you and look ahead to next week. give me where you have got some conviction given the amount of uncertainty we do have on the horizon not just next week that beyond. if you were to put one trade on the table, what would it be? carl: i think the long u.s. duration is an easy one because of the national insurance policy against the a lot of bad outcomes, whether it's coming out of france or the u.s.. i think the long u.s. -- i like the long u.s. duration and i like the long emerging markets. they had a good 2016, but remember they had an awful 2013, 2014, and 2015. i still think there are undervalued names like brazil, mexico, russia. martin: we focus on income investing and looking through a variety of specters. within the reads, some of the more specialized -- not the shopping mall types of reads -- but more specialized

there are four types of mongolian cashmere, the most common color is beige, followed by brown and white. the rarest is warm grey. once the colors have been sorted, they are washed separately by machine. the washed and processed fibers are initially contaminated with coarser hairs and the cashmere is refined by removing them. all that's left are the soft and fluffy fibers of pure cashmere. the refined cashmere is then arranged into rectangular shaped blocks from which the yarn is then spun. there are only a few companies in monday goalia with the necessary equipment for spinning cashmere yarn. gobi provides smaller manufacturers with yarn for their cashmere garments. the factory owns 150 looms of which 20 are state-of-the-art models from japan. these are extremely expensive pieces of equipment costing close to $100,000 each. once the machines are programmed, they can automatically produce finished products. when the company was state-owned the majority of their business was to manufacture products for other brands. less than 10% of the products were for direct sale by gobi. however, sinc

the fed's beige book survey of economic conditions shod into early april with pay for some early workersing for more. the dow lost 118 points, the s&p finished four points lower. the nasdaq, though, gained 13. >>> exxonmobil reportedly wanted to row assume drilling oil in black sea with the russian-owned company. that request is being reviewed by the trump administration. exxon's original drilling deal was blocked in 2014 when the u.s. imposed sanctions on russia. exxonmobil was formerly run by secretary of state rex tillerson who has close personal ties with russian president vladimir putin. >>> the airlines is emirates is cutting ties with u.s. >>> how about no hands typing. facebook has worked on a project at your brain. facebook says the theoretical brain computer interface is still many years away, but researchers at stanford have already created a system that allowed a paralyzed patient to type eight words a minute using over her thoughts. anne-marie. >> that is really cool as long as it doesn't type everything that's on my mind. >> some things need to stay private, right? >> exact

. >> fresno police has been studying the facebook beige of muhammad. he post-ed anti-government comments and wrote did he not like white people. all three of the victims shot and killed today were white men. police say the victims appear to be random. one was a pg and e kboe in a company truck. the second a man in the parking lot of a catholic charities offers. the third victim a man walking on the street nearby. investigators say all of the attacks appear to be unprovoked. fresno police chief jerry dire says in total muhammad fired 16 rounds from a handgun across four different locations, all in a matter of minutes. th

i guess they jusust watch turkh tv and t think that what's beig saidid there is the truth.eporter: turkish nenewspapers e widely a available in n germa, including the pro-government daily "sabah." it is a vocal critic anyone who opposes erdogan, and says that deniz yucel is a terrorist. the paper's german office is in frankfurt, but we received no response to our queries about its coverage of the deniz yucel case. murvet ozturk is well aware that she is on the radar of the pro-government media. as an activist and politician, she's used to being criticized for her views. but still, she was shocked when "sabah" denounced her as a traitor. like many german-turkish popoliticians, she's also becomg more worried about her safety. ms. ozturk: i'd prefer to live without police protection. i still believeve i can, but f course i'll seek advice. i hope that what's's happening w doesn't become the norm here in germany. reporter: she refuses to give up the fight for democracy in turkey. in her hometown of wetzlar, she's received either with a noncommittal shrug or sometimes outright re

a white male, 18-20 years old, long wavy blonde/red hair in a ponyt ponyt driin a black beanie and beige sedan. >>> a man charged with murdering his neighbor and police s polics killed him after they argued over the price of a space heater and faces allegations of dismembering his body to conceal the fine and he is out of jail on $10 million bail and back in court next month. >>> search teams found a couple missing after their small airplane vanished in the sierra. the pilot, brenda, and her husband, took off a week ago. 117 civil air patrol volunteers spent six days searching the plains for them. it did have an emergency locator but they never detected a signal from it. >>> there were more delays including a construction project that proved to be more than a headache. more than 1,000 flights were canceled, frustrating travelers. leslie is live at the airport where it looks like it won't be done any time soon. >> reporter: no, it will be a while closing down the runway over the weekend reducing available runway force landing by 50%. 50% fewer planes to land. airlines had to delay and fli

on wednesday, we'll get a read on the economy with the release of the federal reserve's beige book which measures the country by region. and on friday, samsung's new s8 smartphone hits stores with a big new screen and a big price tag, costing upwards of $700. >>> bill belichick knows a little something about winning. with the new england patriots he set the record for the most super bowl wins by a head coach, five in all. he recently talked to best-selling author and cofounder of the jack welch management institute, susie welch, about winning, leadership, and what the job taught him the most. >> what i probably learned the most, first year 1975, because i took a job, was given a job with the colts. i didn't have any experience. and they were very understaffed. i wasn't getting paid anything but i had a lot of responsibility for that position. and so i was able to learn a lot. it was like having two or three graduate courses in one year. after that year, when i went to detroit, we were 1-4, playing the patriots who were 4-1, they had a great team. and i went back to an experience that i h

the fed's beige book survey of economic conditions showed growth continued from mid-march into earlyfor improving for some workers. investors were apparently looking for more. that news and dropping oil prices sent stocks low yesterday. the dow lost 118 points, the s&p finished 4 points lower. the nasdaq, though, gained 13. >>> exxonmobil reportedly wanted to resume drilling oil in the black sea with the russian-owned company. that request is being reviewed by the trump administration. exxon's original drilling deal was blocked in 2014 when the u.s. imposed sanctions on russia. exxonmobil was formerly run by secretary of state rex tillerson who has close personal ties with russian president vladimir putin. >>> well, the middle east's biggest airlines emirates says it's cutting flights to the u.s. emirates says tough er sanction has dropped demand. >>> how about no hands typing. facebook has worked on a project that would let you type with your brain. facebook says the theoretical brain computer interface is still many years away, but researchers at stanford have already created a sys

it is beige, big difference. >> it is a huge difference. is that an argument for not investing?there is never an argument for not investing. just think of the reality. if you never invest anything, i can tell you exactly what your retirement plan will be worth when you retire, zero. >> right. >> so it is a question of a decent asset allocation, which in this day and age, this puzzle through. i think in jen the best rule for an investor is to stay the course. i have never been if favor, by the way, of making a whole sale change like getting out of the stock market or getting out of the bond market for that matter. but to do something on the edges. i look at it as, you know, kind of a norm will a position, let's call it 50/50 for all investors of all types, and if you're maybe younger 80/20, 80 in stocks and 20 in bonds. when you're older depending on your circumstances, maybe something like 40%, 30% in stocks and 70% in bonds. i happen to be right in the middle of that, and i'm 50/50. becky, i'm a human guy. i have my own concerns and worries, and i know i don't have all of the a

the federal reserve releases the beige book. and the shanghai auto show is under way as china remains the growth engine of the auto industry. that's what to watch for on wedn >>> it is tax day and there's a well-known phenomenon that takes place in the markets right around this time of year. as we've reported, stocks tend to dip right before taxes come due. but is the end of tax season typically a boost for the bulls? dominic chu takes a look. >> reporter: two certainties in life -- death and taxes. for investors, tax season doesn't have to feel like death. at least if history ends up repeating itself. the month of april has long been regarded one of the strongest months in the year for stock returns. over the past 20 years, the s&p has averaged a gain of 2% during the month. but the gains are typically stacked during the second half of the month, which just happens to be in the time typically following each year's tax filing deadline. market bulls have a lot going for them. >> if you isolate all the international geopolitical r

>>> now to the economy, which is growing modestly across the country, so says the federal reserve beige book, an anecdotal look at the nation's economy. employment is expanding and inflation pressures remain muted, despite the difficulties some employers are having attracting and retaining workers. the head of the boston fed says it's time the central bank sheds its bond holdings in display way that's gradual so that it has little effect on the federal reserve's planned interest rate hikes. the fed, which is the largest holder of u.s. government debt, will likely start paring back some of its $4.5 trillion worth of assets as soon as this year. the central bank purchased the bonds in the years following the financial crisis. >>> exxonmobil reportedly wants a waiver from u.s. sanctions on russia. as first reported by "the wall street journal," the energy company has applied to the treasury department to be exempt in a bid to resume its joint venture with russia's rosneft. exxon was one run by secretary of state rex tillerson. tillerson today said the iran nuclear deal fails to prevent tha

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police now believe the driver of the beige expedition was attempting to overtake slower traffic passing on the right but not seeing the parked 18-wheeler in the right lane. the impact was heard more than a block away. >> like a big loud noise. it was like boom. >> reporter: the suv hit with such force a portion of its glass and sheet metal embedded in the rear of the trailer. police have that identified the dead as 40-year-old marshye flowers the driver's wife from north philadelphia. and family friend 25-year-old asia nicole holland of the 8500 block of luther place in southwest philadelphia. police say the tractor-trailer was legally parked in the outer lane of the roadway. parking is permitted except for a few p.m. hours. >> right here you can see the sign says know stopping from 4p to 6:30 and so the truck at this point was legally parked. my truck enforcement guys are going through the truck to make sure everything was legit on it. the truck driver was not in the parked truck. he told us he was taking a federally required rest break and was at a nearby motel. as police secured purs

like this, a couple of big markets events that will likely impact your numbers, the housing starts, beigee sales, all key economic indicators to watch. but it'll largely be the earnings story that drives stocks next week. it's going to be in full swing. investors anticipating a strong earnings season, as i mentioned at the beginning of the program, 10% plus is what i'm hearing in terms of earnings growth for the first quarter: interestingly, revenue is going to be the mover and the notable event of the first quarter. revenue expected to be up 6%, and there's a look at some of the notable companies reporting, dish, bank of america, goldman sachs, the blackstone group and general electric, all the names to watch in the week ahead. that'll do it for us here on "wall street week." thanks so much for joining us. next week, join us for our special exclusive guest, larry fink, chairman and ceo of blackrock, will be with us. i'm see you sunday morning at 10 eastern, and but first, property man begins right now. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, grou

when we're staring terrorists straight in the face and saying, "kiss our red, white, black, brown, beigend blue asses." or as one american philosopher put it, "if we were to strive to reach absolute safety, we would not have freedom." thanks, sarah palin. and thanks, canada. ♪ and thanks, canada. for us, it's rocky mountain water...n. ...or nothing. coors banquet. that's how it's done. that had built his house once thout of straw.tle pig one day a big bad wolf huffed and he puffed and blew the house down. luckily the geico insurance agency had helped the pig with homeowners insurance. he had replacement cost coverage, so his house was rebuilt, good as new. the big bad wolf now has a job on a wind farm. call geico and see how easy it is to switch and save on homeowners insurance. (cat meows) ♪ (snap) ♪ (cat meows) sheba® perfect portions™. what cats want™ ♪ ♪ u.g.l.y. ♪ you ain't got no alibi. ♪ get ugly. get ugly. ♪ it's time to run it out, grunt and fight. ♪ ♪ drippin' sweat. ♪ hot like fire. ♪ get ugly. get ugly. ♪ burn it up, work it out. ♪ damn, you look like dynamite. ♪ ♪ get ugly.

when we're staring terrorists straight in the face and saying, "kiss our red, white, black, brown, beigeasses." or as one american philosopher put it, "if we were to strive to reach absolute safety, we would not have freedom." thanks, sarah palin. and thanks, canada. ♪ and thanks, canada. for us, it's rocky mountain water...n. ...or nothing. coors banquet. that's how it's done. ♪ ♪i'ma wade, i'ma wave through the waters♪ ♪tell the tide, "don't move" ♪freedom! freedom! i can't move ♪freedom, cut me loose! ♪freedom! freedom! where are you?♪ ♪cause i need freedom too! ♪freedom! freedom! freedom! freedom!♪ ♪what you want from me? ♪is it truth you seek? oh father can you hear meee...ooow?♪ a fresh remix of natural flavors... cherry blossom, gold apple, and orange blossom. no artificial flavors, or colors. award winning strongbow hard ciders. ♪ ♪what the world needs now is love, sweet love♪ ♪it's the only thing that there's just too little of♪ ♪what the world needs now but we've got the get tdigital tools to help. now with xfinity's my account, you can figure things out easily, so you won't ev

he was driving a gold or beige older-model sedan, according to police.the suspect drove up to the victim, spoke with them and exposed victim turned away and rode home. separate incident at 4:16 p.m., police same person contacted two of a home in of valencia drive near los school. sgt. brian pair became frightened person unknown to and started them. the two people around and ran home, police are following expect to release a suspect this weekend, jeffrey said. ( darya ) thanks averi. we will check back with you through out the morning. (mark) the sonoma county sheriff's office is investigating a series of heroin overdoses that could be linked to tainted drugs. (darya) anny hong is here how police are working to help combat the problem. anny? ( anny @ land ) five people have died within the past ten days.. all in sonoma county. they range in age from 27 to 66 years old. officials say it is very unusually for this many people to die from overdoses within this short amount of time, especially in the same area. deputies believe the heroin came from the same p

the beige book economic report knows consumer spending is mixed . separately, stanley fischer has painted a picture of a brightening global economy, saying overseas essential banks should be able to manage the spillover of monetary tightening and the u.s.. blackrock chief executive expressed concerns. >> there are warning signs here because getting darker we have seen some pullback, you have seen the in car sales, you are actually now starting to see a slowdown in m&a. you are starting to see things that are now -- people are taking a pause. valuations are very high. that is slowing down m&a. uncertainty is slowing down. you have all these issues. mark: hawkish -- gentlemen, thank you for joining us. if i can start with you, do you 'sare larry fink con concerns? >> not necessarily. we think the latest data out of the u.s. could be a temporary phenomenon. on the whole, we expect the u.s. recovery to remain fairly decent, which allows the fed to continue tightening policy from here, so looking at that as a temporary dip in the data. is to continue tig

we are moments away from the release of the beige book.seen today is weakness in the dow jones with a bit of strength in the s&p 500. michellelet's get to at the federal reserve in washington. >> we heard from the federal reserve today across all 12 districts come economic activity increasing at a modest to moderate pace. one of the things we've focused on is wage growth. we are trying to see the response of businesses to tightening in the labor market. most markets finding difficulty -- having difficulty finding low skilled hiring.

. ♪ baby, my beige turtleneck is pilling. ( laughter ) ♪ so please wash it inside ou ( laughter ) ( applauseuse ) >> thank you! >> stephen: john legend! "the darkness and light" tour starts may 12. john's going to do a song for us later in the show. stick around. "the darkness and light" tour a prince wants to give us 20 million dollars, he just needs our social security number we're gonna be rich!!! the first spam was sent by telegraph in 1864. put some flavor in your break. make time for snapple ♪ ♪ i'm dr. kelsey mcneely and some day you might be calling me an energy farmer. ♪ energy lives here. folks you know my next guest from ( band playing ) ( band playing ) "fashion police," dancing with the stars" and her family. please welcome kelly osbourne. ♪ ♪ ( cheers and applause ) >> how are you doing? >> stephen: i'm doing fine. i met your dad. i never met you before. >> we're related so it's crazy that we never met before. >> stephen: that's what i just found out. i've got this right here. i was handed this. tell me what this means. it says ozzy ozosbourne, part colbert, part neanderthal. e

blue jacket and beige pants.you have any information, give stanford police a call. >>> the or row veil dam -- oroville dam is inching up. the lake is about 80% full and at the seasonal average. state warmers say more than 1 1/2 million cubic yards of debris were removed downstream from the spillway earlier this year. contractors are submitting bids for repairs and construction could start as soon as next week. >>> police in florida are investigating a shooting at a  gym that left two people dead, another seriously injured. it happened about 1:00 yesterday afternoon in coral gables at the i can quinn knocks gym inside a mall. police say a former personal trainer shot two coworkers before turning the gun on himself. one of the victims was a gym manager who died at the hospital. the other victim is in critical condition this morning. the shooting sent people running out of the mall in a panic. >> i told the whole staff, close up the doors, something is going on. i see babies running, everybody running from that di

to 20 years old, long wavy blond or reddish hair, pulled into a short upony tail, driving a gold or beige colored sed zbloon anyone who has seen anyone matches the description being suspicious acting suspicious, please we would like people to come forward. >> most alarming when the girls ran to a neighbor's home for help the man waited to see if they'd make it inside safely. >> when they ran up to the house, he didn't just immediately drive away. he waited to see if the girls were going to get into the house. >> this ma'am shoulders to think what could have happened had her neighbor not been home. >> thank god you were home she said i don't usually come home early. that day i did. near miss. >> reporter: loss alt ohs police say they are putting together a sketch with the forensic artist. they are interviewing the girl also asking for anyone who saw anything unusual or perhaps any security video they might have from the home to turn that over to the police department. peggy bunker. >> disturbing thank you peggy. >>> new in the past 90 minutes we learned that president trump may be putting

the beige book says household purchases outside automobiles was softer. of the economy maintaining a steady expansion without the rapid take-up among consumers and businesses. a welcome boost with japan's both smashingort expectations. the economy ended the quarter with shipments overseas rising for a fourth consecutive month. exports jumped 12% from a year earlier, doubled expectations while imports surged to almost 16%. the trade surplus was almost $5.6 billion in line with or cast. china continues to further the corporate and individual tax burden as part of a drive to boost consumption and support the economy. the state council led by premier li ka-shing says the changes should ease the tax burden by about 55 alien dollars. opec says produces are closer to ending the global oil glut and the cartel will decide next month if they will extend output curves beyond june. theking in abu dhabi, secretary-general said opec and its allies were committed to reducing inventories to boost prices. he also said the current restrictions are working and will prove ef

that's because treasury yields are moving higher on the back of the beige book.i want to come back to oil prices. they are rebounding after the big selloff we saw in yesterday's trading session. the worst day in six weeks on the surprise build in gasoline inventories. brent krut up crude up by 0.3%. wti up by 0.3%. it's also boosted by the fact that there is more and more talk about an extension of the oil price cuts. ♪ let's get back to the election season. french far-right candidate, marine le pen, focused on security and immigration in the last rally ahead of the first round in sunday's presidential election. speaking in marseille, le pen said she is the only candidate that can bring change to france and pledged to return the country to its people. centrist candidate, emanuel macron cautioned against the rise of nationalism saying he aims to rebuild europe. claire is in paris. what is the mood given that we're just a few days away from the fist round? >> the mood is very much a mood of uncertainty. the whole country is holding its breath. to be impatience that

. >> fresno police has been studying the facebook beige of muhammad. he post-ed anti-government comments and wrote did he not like white people. all three of the victims shot and killed today were white men. police say the victims appear to be random. one was a pg and e kboe in a company truck. the second a man in the parking lot of a catholic charities offers. the third victim a man walking on the street nearby. investigators say all of the attacks appear to be unprovoked. fresno police chief jerry dire says in total muhammad fired 16 rounds from a handgun across four different locations, all in a matter of minutes. the chief says there was also another troubling factor as police caught up to muhammad. >>> when he saw a black male running southbound on fulton, immediately -- immediately upon that individual seeing the officer he lt literally dove on to the ground and was taken into custody. and as he was taken into custody he yelled out allahu akbar. >> chief dire says it's too early to tell whether this was an act of terrorism. but the fisher has bee

and the fact that the white house can put it on a one beige agenda feels a little rushed to me and that's maybe why the stock market sold off in the last few hours yesterday. at one time this market was rocked by the price of oil. you know when it was at $53 a few weeks ago, i told you it would fall and fall hard when our producers make a huge amount of money. they turn on the spigot and sell oil futures, today as low as 48 and seemed ready to go into free fall. there are domino like indications when oil gets slammed. we know oil is going down because of too much u.s. supply. we know oversupply is happening because our finding costs have gotten so low we keep pumping and pumping and pumping. even though it's u.s. supply overwhelming worldwide demand and not softer demand itself there are plenty of global money managers who refuse to believe that's the case and immediately start selling stocks and buying bonds when they see oil falling. they don't stop and analyze by oil is falling, they say demand must be weak, sell stock and buy bonds. they don't care the reason, they see oil as indicato

and the latest developments overnight and what it means for the meeting, leland miller of chinese beigeternational. thank you very much for joining us. the air strike on a syrian air base, does that markedly change the tone of the meeting today between president xi and president trump? >> it does change the tone. this has always been about north korea, a lot of people suspected it was about trade, but it's about establishing the rapport between the leaders, and what will we do? do we have the type of relationship where we can move forward jointly on this, or do we have to go it alone? by the latest moves last night, the president has said i'm not bound by what i said during the campaign, i can do things. what does that mean for north korea in terms of what happened last night? >> north korea shot off a missile before this summit. nothing happened there was a terse statement out of the state department. they had no reason to think trump would do anything. he campaigned on not getting america into foreign wars. they felt secure in this. fast forward, 24, 48, 72 hours, you have assad picki

we'll get the beige book later in this afternoon's session. always a good read and good snapshot of this soft data, the confidence and whether the it's really translating into better economic activity. >> you know who might have an pb opinion? >> christine lagarde. >> i'll be heading down to imf world bank ahead of the election, and a better economic outlook for the global economy. >> over to headquarters, melissa and the half. >>> welcome to the halftime report. today, we start with another ding for the dow. yesterday, it was goldman sachs and today, ibm. with us for the hour, steve weiss, jim, josh brown, john and kerry. ceo of orius asset management. shares down more than 5%. this is weighing heavily on the index. 58