we will expect u.s.xceptionalism to remain in place through the first quarter of next year as the market pares back and the growth story remains robust in the first instance. i think as we move forward, we start to see the gradual narrowing with the u.s. and rest of the world. we see changes in the interest rate space. i think the market is under pricing the risk of the fed activity next year. if that starts to come through, the realization the u.s. is running an imbalance. >> no doubt that the conversations are fiscal policy are definitely growing. i would like to stay within the central bank for the time being. it is a busy day on the central bank policy. i would like to understand your thoughts going into 2025 given the different speeds of the central banks. what would you say is your top currency call for 2025? >> i think one of the most important things for 2025 is which central banks get to neutral and which ones forced to go beyond that level. the smb is the classic case where we got down to 50 ba

exceeding expectations.tly reflecting one off factors that roosted tourism over the summer and by firms building up inventories. but the latest information suggests it isn't losing momentum -- it is losing momentum. manufacturing is still contracting and growth in services is slowing. firms are holding back their investment spending in the face of weak demand, and a highly uncertain outlook. exports are also week, with some european industries finding it challenging to remain competitive. the labor market remains resilient. employment grew by .2% in the third quarter, again by more than expected. the unemployment rate remained at its historic low of 6.3% in october. meanwhile, demand for labor continues to weaken. the job vacancy rate declined the two point 5% in the third quarter, zero point 8% below its peak, and surveys also point to fewer jobs being created in the current quarter. the economy should strengthen over time. although more slowly than previously expected. the rise in real wages should strengt

what are we expecting into 2025? >> we expect eminently some cuts in interest rates, the reserve requirement ratio. those things have probably been priced and by the market but chinese policymakers have signaled more measures to come but those will be mostly for supporting growth in the next year and what is noteworthy from last week's meeting of top official thing measures to boost domestic consumption and used strong language on that front. private demand remains very weak and because of potential headwinds to china's exports in the next four years, boosting domestic consumption has become more important and a focal point of policymaking. >> alan wong on the data out of china and what it could mean in terms of the policy response as we continue to look for the details. can push a budget through a divided parliament. our correspondent joins us. what does that mean then for the deficit next year and what could the special law mean for the government's finances? what are the financial and budgetary implications they w

we are expecting above trend growth next year and i'm not concerned yet.me of the canaries if they're going to bite, especially for u.s. nationals. the bigger risk for them is the u.s. dollar rising is a drag of 100 basis points to some companies if the dollar remains this strong. for us, yields, as long as it stays below five, i'm not concerned if we creep from 4.50 to 5, then i get concerned >> i want to double check. give us notes before the fed decision blackstone and broadcom. a buy on blackstone and broadcom >> absolutely. i love those companies i think blackstone is using this to trade debt. you can't beat them. >> that will do it for "worldwide exchange. >>> deal wasn't done after elon musk pressured republicans. details straight ahead >>> stocks tumbling yesterday. ten straight declines in the dow after the fed cut interest rates by a quarter point, but signalled a slower pace of cuts next year. >>> tiktok has a court date. the supreme court will hear arguments in january just nine days before the app is scheduled to be shutdown in the u.s. it's t

noun farm payrolls expected add to economy in november, if unemployment rate expected to inch to 4.2%arkets, or window into what is going on with jobs or what is means for federal reserve? and the cuts in rates we are expecting. charles: intriguing most wall street firms say stronger the number better it is good news will be good news because that means the market not relying on fed to be accommodative per se the rally you want don't want a rally presented indicates on bad news bad news for the fed going to pump a bunch of money into system that is not organic growth what we are rooting for that happens from time to time, the non you and i both know something of guess work i am more focused on wages, weekly hourly, weekly hourly, how much time people work in a week how many people coming back to labor force. as far as overly number oh, really important too is how many folks fill out survey, this is really, the number itself so awful in part because businesses establishments not filling out on time few not filling out at all a specious nebraska fewer that fill out survey less impactful

the air expected for tomorrow as well. still just very pleasant weather with partly cloudy dry conditions all the way through at least about thursday. frank. sounds good. >> thank you. >> rosemary. up next, a popular puerto rican restaurant in the east bay is closing and taking with it a community leader who's been fighting for change. we're going to hear from the owner who says this decision was not easy. coming up take that up a little bit higher. you should feel that, like, right back here. oh, yeah, i felt that! good, that is so much better than last week. thanks, i've been doing 'em every night while i'm watching tv. - oh, what are you watching? it's a mystery. high quality care that meets you where you are. your business needs a network it can count on... even during the unexpected. power's out! -power's out! power's out! comcast business has got you covered, with wifi backup to help keep you up and running. wifi's up. let's power on! let's power on! -let's power on! it's from the company with 99.9% network reliabili

this fell short of expectations.hina has pledged to obtain the growth target with economic growth remaining stable. analysts s seeing this as a determination of 5% growth for 2025. the forecast will be announced at the npc in march. removing the phrase fiscal discipline as it issued more treasury bonds and cutting interest rates and triple r. expecting a 40-point basis cut next year. they will maintain the exchange rate to keep it at a reasonable equilibrium. the next key dates to keep an eye on is the level two sessions in january to february and the national two sessions in march for key macro policy catalysts. i'm emily tan in hong kong. back to you. >>> this as president-elect trump gave mixed signals on the approach to the world's second largest economy. >> we have a lot of talks with china. we have a good relationship with china. now when the covid came in, i cut it off. that was a step too far. that was a bridge too far. we have been talking and discussing with president xi and other world leaders. i think we

, and as expected to be above our expectations in september next year as well.mployment is lower and in the sep you will see that participants think that the downside risks are less in uncertainty. inflation is higher, it is higher this year, and higher in the forecast next year, and also pointing out we're closer to the neutral rate which is another reason be cautious about further moves. following the press conference the market song. so let's take at the close on wall street. more than 3% loss on the day. this is the worst day for these markets in months after the rejection from the federal reserve. let's take a look at what is going on now in asia and the markets there. let's cross live now to singapore and sura njana tewari. we see a reaction where you are as well? , �* , . we see a reaction where you are aswell? , a. , we see a reaction where you are aswell? , , ., as well? yes, asian stocks are following _ as well? yes, asian stocks are following what _ as well? yes, asian stocks are following what happened - as well? yes, asian stocks are following what

and of course, this is the older part of the expects. we saw a large flow of people, the young, dynamic, well-educated, academically credited people left after 2010, the big financial crisis, almost half 1 million people left. these were the people that we were really focusing hopes on. they went to other countries, mostly around europe, and in the states, and they created their families there. >> now, karen zacharaki joins us. i was just actually thinking, karen, what has happened over the last couple of years. obviously, we have reported on the brain drain that greece faced, but recently, the trend was changing with people returning to athens. is this a question of athens versus the rest of greece? >> it is very much that, there is that division between athens and that second city, and other parts of the country that are really seeing this kind of movement of people away. the emergence from what i have seen in my reporting on the ground, is this ghost town of these towns and villages that are modern settlements that people lived in unt

do you expect a full house? 24th, and we're getting there on the 25th, and then we have shows on the 26th. we always light the menorah, though. this year it's going to be wooden instead of actual flames. and then we say the hanukkah blessing together. and it's kind of a nice way to start the show. and you don't have to be jewish just to come to the show. you just have to like comedy and not have any other plans. and if you're alone, we have tables of ten and you can sit with nine friendly strangers and not be alone. >> yeah, it's like a big jewish wedding, right? >> it is. it's like the bar mitzvah i never had. >> there we go. well, for comedians, including yourself, give us a lineup. >> we have ophira eisenberg, who is originally from calgary, but she lives in new york, and she was on npr's ask me another. we have matt kirshen, who's originally from london, now lives in la, and he's been on jimmy fallon and many other shows. and becky bronstein, originally from alaska, also now in la, and she's been on numerous

a widespread rain event expected once again.ook over the oakland estuary, where the light rain continues to fall in some spots, but beginning to wind down the widespread rain pushing through last night into this morning. and you can see at this point, even though we've got a little bit of rain out there, we continue with the low lying flooding. all of those bubbles are storm reports where minor flooding reported on our roadways from the north bay, central bay, south bay. the flood advisory for the east bay will go until 615 for the north bay. we actually have a warning until this afternoon, and it is for the sonoma area from windsor over towards the sebastopol rohnert park low lying areas, streams, creeks. you can expect some minor flooding, so take it easy out there. you may experience some of that on the highways and roadways this morning. high surf advisory continues now until sunday, 4 a.m. i'll have a look at what we can expect here at home, as well as in the sierra, where the winter weather advisory for today goes until no

if it is in line, people will fully expect the fed to deliver that. they have looked through the nonfarm payrolls, but they will be looking for anything that can confirm that they are right under betting that the fed will go again and then probably start to hold in the first quarter of next year, so watch out for that 4.1% number later in the day. tom: that is the number to watch. mark cranfield, mliv strategist. thank you for the preview for that data point. opec-plus is excepting that its mission to defend oil prices will drag on much longer than expected. we discussed the oil markets next. he will bring you live pictures right now from outside the national assembly building, fairly chaotic scenes as lawmakers line up inside and outside that building in the south korean capital seoul. we are we know from reports of that the national assembly speaker has canceled the address and the president will not be visiting parliament. you can see attempts by lawmakers to make their views known after the shock imposition of martial law. stay with us. this is bl

we should expect that to continue.arket is priced a little high and we will have to see if the lower corporate tax rate you mentioned or overfed cutting —— the fed cutting and de—is made that reasonable. all de-is made that reasonable. all other de—is made that reasonable. all other things you mention is positive for stocks, so my question is, you mention stocks are looking a little overvalued, our near our way of the market resting yellow ——7 that is almost impossible, when you get a market like this, they always say trend is your friend, the trend has been positive, there has not been a lot of bad news. the political backdrop, the economic plans are helpful. i'm not sure we are helpful. i'm not sure we are at the top yet but something always tends to come around at some point, whether it is earnings disappointment or something, that can challenge that trend. but when you get a market like this moving the way it is and has as much momentum, it is hard for me to say we should all be participating. me to say we should a

what are you expecting today? like most of the — what are you expecting today? expecting today? l <3: most of the market, i expect the federal reserve to deliver another cut to interest rates, the third in three meetings and it will leave rates about i% three meetings and it will leave rates about 1% lower than they were when 2024 began but this is a backdrop of greater caution about next year, and recent economic conditions have not deteriorated enough to fully justify continued easing at the rate which they thought they would, in some officials have recently suggested a pause to give them a chance to reassess economic conditions. speaking of next year and policy for 2025, the market participants will be watching jerome power's presser today for the path of future interest rates and economic projections, so what kind of close are you looking for as to whether we will start to see pauses next year? in the first place, fed officials previously predicted may 4—5 rate cuts, and i suspect the updated forecast would include fewer, maybe three, and the fed is seeing i

they expect them to be lower.wo, they underestimated the significant seven -- the magnificent seven. jonathan: and to some extent, they have been conditioned looking out to 2025. the nasdaq up by .30%. in the bond market, the two-10-30 year, yields unchanged but the 10 year, 4.4027. comparing to where we are now to the last fed decision, the close on tens, 4.3257, on 2, 4 .20, so we have not moved much. lisa: but to the extent we have, it has been the market ratcheting up expectations for longer-term neutral rates and throwing up question for the fed, how restrictive are we and how much further are we from neutral given the fact this market seems to be issuing no signs of falling off the grid? jonathan: the dollar is a whole lot stronger creed we have repeated this the last week or so. we have only had one down week for the dollar index for the fourth quarter. euro-dollar clinging to 1.05. lisa: when do you get to the peak dollar? julian emanuel said that would be the tipping point at the time we could invest inte

it is widely expected - might get next year? it is widely expected to - might get next year?idely expected to cut. might get next year? it 3 widely expected to cut interest rates for the third and final time of the year, and the market is pricing in a quarter point cut to the interest rate but what is more uncertain is the policy outlook for 2025, so investors will be watching out for the comments, jerome powell in his presser, and the economic outlook released alongside the decision, so indications about future decisions on interest rates and many expect this to be a hawkish cut, meaning we will have a pause in cutting interest rates injanuary have a pause in cutting interest rates in january and at least less commitment to cutting them, this is because of the inflation picture which is proving stickier, inflation at 2.7%, above the 2% target, and the labour market remains robust. . ' . , robust. that difference will be the focus for _ robust. that difference will be the focus for the _ robust. that difference will be the focus for the federal - the focus for the federal res

the strike is expected to continue today. distribution warehouse workers are asking for pay increases and better benefits. they say they gave amazon a december 15th deadline and were ignored. amazon accused the teamsters union of coercing and threatening amazon employees to join the strike. >> i refuse to do that. they've refused all the other deadlines that we've set for them. so now they've left us with no choice but to strike. >> across town, workers at the marriott hotels began voting on a new contract offer. workers say it appears to be a good deal after examining the wages and medical benefits. hilton and hyatt workers continue to picket the alameda county firefighters annual holiday. toy drive is underway in san leandro. firefighters partnered with local businesses and organizations for the 15th year of this event. they've so far collected thousands of toys to give to children this holiday season. the alameda county fire chief tells us the firefighters who organized the toy drive have been laser focused on making sure

markets are expecting it. >> can we go back. everybody who says cut, we expect it. just looking at the data, would you still cut? >> i think i would largely because inflation has been a little bit ier, there are signs the labor market is moderating. it is healthy. the fed wants to keep it that day. you have seen continuing jobless claims tick up a little bit. there are signs, i think, the labor market is continuing to cool and the fed doesn't want to stay too long and result in any type of unnecessary tightening. >> let's talk about the debt. $28 trillion total marketable debt, but $36 trillion in total public debt. it starts to add up after a while. >> it does. as we were mentioning earlier, it starts to add up quickly with elevated interest rates. interest costs comprises a larger share of the total amount of debt outstanding and that causes the debt outstanding continuing to grow. >> is that on the fed's mind? >> i think they are focused on labor and inflation. certainly they are aware of the total amount of debt that is outstanding. i don't think they will cut r

inflation has come lower than expected. inflation would rise what has risen less than expected.ve had a lot of comments from governing council members in recent weeks arguing for continued gradual approach to easing. 25 would be the way. especially as we near the neutral rates. if the bank goes for a 50 jump. tom: you have a stare at the neutral rate will be? >> it's highly uncertain where the initial rate is. some members on the governing council has argued it's close to three, some argue it's close to two. we are growing -- going straight down the middle and we expected to be two point 5%. given that the neutral rate is around 2.5 percent and that we think inflation closer to the second half of next year will come up, we have less cuts factored in for 2020 five and most consensus and markets. tom: it's expects up 2% by june. went -- where you see rates ending in the ecb? >> we have the terminal rate at two point 25%. we have a cut in january, a cut in march and a cut in june such as that the ecb will stop. we have inflation coming above target at the latter half of 2020 five.

a better look at the system when it is expected to arrive, how much i expect we'll get and the rest of your weekend coming up. andre. >> rosemary. thank you. the latest system comes just a few weeks after heavy rain led to flooding and other problems in santa rosa. ktvu ali rasmus shows us how people are preparing for another round of heavy rain with strong winds tonight. >> it was an early start for street sweepers in santa rosa this morning, clearing out gutters and cleaning the curbs ahead of another round of rain. by 8:00 this morning, a fleet of public works crews had left the yard, with their rain gear and equipment in tow, and santa rosa homeowners came by to scoop up their own sandbags to prepare for heavy rain. >> i'm staying home. i'm working from home today. i'm staying home all day tomorrow. >> i did all my errands already, making sure leaves are out of gutters. walkways are clear, the drainage ditches are cleared out, that type of thing. >> friday night into saturday morning, another winter storm will come just a few weeks after some heavy rain caused flooding and other pr

they are expected to decline next year according to the new report by citi which says it expects the to be on the side of oil bears. i'm pleased to say the global head of commodities research is joining us in the studio today. good morning, max. i like to start by getting your thoughts on the announcement of opec plus last week. how is the announcement shaping and setting the tone for 2025? >> thanks for having me on. on the opec front, they took the decision we have been expecting them to take for some time. there is not the room for the barrels on the market. overcapacity and slowing demand growth. seasonal weakness in the first quarter. they don't want to bring back the barrels in that. with the second quarter and third quarter, we have an increase in supply from ten different non-opec countries contributing. quite a big cceleration next year. >> i wonder if the comments from china this morning are impacting how you see chinese oil demand in 2025 and announcing stimulus and looser monetary policy as well. how do you read their message today? >> sure. china's economy is oil intensi

investors around the ecb and fed expectations -- the expectation is that the fed will go again. currently, yields of 431 on the 10 year. euro-dollar below the 10 five level. a little softness coming through from the euro on the expectation that there will be further cuts. gold, 2688 dollars. let's look at the asian session. the kospi almost entirely wiping out the losses that came from the back of the botched decision on martial law from the south korean president. it is up .5% on the session so getting back up to the gains were at least wiping out the losses since the shock announcement from the south korean president and an impeachment could come through during the weekend which could lead to some political certainty or lack of political uncertainty. we will watch the events over the weekend. broadly across the benchmark in asia, it is tied in with the story from china. a lack of detail coming from the work conference in terms of the economic meeting though it is expected that the deficit target could be widened to a year. that number should come through in march. the nikkei o

inflation number came up the pce which is the fed's favorite number was a little weaker than expected of the marker under market had a good day if they were worried about whether the government might shut down or not. jack: that is a worry no surprise the bond market was listening to the fed we could see a flight to safety and the government shuts down but in the meantime the tenure closed over 45 which is an important inflection point, where do we go from here. >> that's an interesting thing the yields have been rising for quite a while even before the fed made the announcement. with the fed being hawkish it might've stopped going up but it did not until friday with inflation. i think it's a fairly good spot if he can reset here and start coming down again i think the market will be okay if it goes up towards 5% or over 5% the market might freak out a little bit more. >> we don't expect much freaking hour exorcist head spinning next week anything more on your radar? >> we want to see how the market responds on monday to this week and we had a very good day on friday but we want to se

it won't get all the way to 2%, but they expect it to be moving down, and they still expect, right, the labor market to remain healthy tick up in the unemployment rate over time, but still, a healthy labor market it's just going to take a different policy path to get those outcomes so, it will take probably more restrictive policy, certainly more restrictive than they thought in september, and that would be the reason to keep -- you could go forward with the rate cut of 25 basis points. as long as you coupled it with the information that they gave us and the communication, which was, look, from here on out, we're really going to be thinking about each meeting and looking at the -- the cumulative information. so, the way i think about it is, over this period, where they were recalibrating, coming into the meeting, it was -- is the evidence -- start with the base case, we're going to be cutting, and now, what's the evidence that would sort of say go against that from now on, i think coming into neating is, we're not cutting at this meeting, what's the evidence that says, okay, we can resu

i expect this deal to go through.ould apply but germany is the biggest country also in the european parliament. i expect them with other countries to approve this deal. but you have to see in a broader context with china becoming all the time more important in latin america, we have seen last week when the report, that europe should be aware we need to keep lanes open and keep these countries on our side. that is crucially important for europeans that they be aware and if we don't get it this time it will go to the chinese.— get it this time it will go to the chinese. and it is not 'ust china, the chinese. and it is not 'ust china. also i the chinese. and it is not 'ust china, also the i the chinese. and it is not 'ust china, also the us i the chinese. and it is not 'ust china, also the us could h the chinese. and it is notjust china, also the us could be . china, also the us could be disrupting trade with europe if the incoming trump administration imposes tariffs. how important is it to europe for it to be diversify

microsoft will start recording losses from the open a.i., expected to be $1.5 billion for in expects quarter. over to amazon, about 1.5% and alphabet down about 1%. meta down about 1% as well. nvidia a little worse, down more than 2%. but tesla, the worst of all of this whole group, now down about 5%. excel rating the losses going into the close here. it is been on a nice run since the election, up more than 70%, thanks to elon musk's closeness with president-elect trump, but that is not doing much today. >> it has been an incredible run. >>> travis, do you read into today's moves, anything other than year end profit taking? >> well, i think it is long over due. i would expect more as we get into january. we just had a tremendous amount of momentum in a narrow subset of names for the previous month or so, and historically for the short-term, this typically reverses. it is a reproudening the market. maybe not forever, but probably for the next few weeks, i suspect. >> so what do you mean by that.? you mean you expect the market to be carried by different leaders. >> small mid caps to

they say they don't expect to see a u.s.dministration that would lose interest in investing in this part of the world, especially because a number of the mineral deposits that were going to be for the transition are focused on this part of the world and we are seeing has of state gather to talk about that and so it is unlikely they will see a position change from the angolan government when we see a new trump presidency coming in but time will tell whether anything changes in terms of the bilateral relationship. >> jennifer zabasajja on the ground in angola. thank you. the intel ceo is forced out. we bring you the details. stay with us. this is bloomberg. ♪ ♪ tom: intel's ceo is out. what do we? robert: ok, this could mark the beginning of the end but a lot of challenges for the ceo and the company lost its leadership so they need to decide if they're going to stick with the business or house it to someone else and what growth market will they go after? increased competition and finally integrated business model, more restru

it and what are we expecting to hear? , i, and what are we expecting to hear? , i, i, i, i, hear? it is one of those annual offences that _ hear? it is one of those annual offences that the _ hear? it is one of those annual offences that the prime - offences that the prime minister always has in his diary. a black tie dinner, possibly even white tie, attended by dignitaries of the city of london, the financial district of london. traditionally this is the moment when the prime minister makes a big speech about foreign affairs, quite often we see some policy moves in a speech during this event, but we are not going to get that today. we've already had a bit of a briefing from the prime minister's official spokesperson. i think what we will here is an assessment of where britain is after 11t years of the conservatives being in the driving seat for foreign affairs. it is likely that the prime minister will attack the conservatives for neglecting britain's reputation in the world as a partner of —— other countries can work with and trust. something the prime minist

everyone is expecting no change for now for the time being what are you expecting in terms of commentaryor the central bank especially when you factor in the hawkish comment from the fed yesterday? >> i guess we had a bit of data roller coaster over the last week or so in the uk we had the weaker data on activity and signs of weakening growth we had the upshot as you said on the labor market, particularly wages. all of that means there is uncertainty here it will try to base it around the prospect of gradual easing from here, but they will not want to take anything off the table at this stage. >> i would like to understand whether you are seeing any reason for concern from the latest data. the fact we saw a pickup in wage growth is this trend likely to continue is this another source of inflation headache for the bank of england >> when you look at the near term, it looks like inflation is stickier than thought and waging were stickier. you need to look at the medium turn if you look at the next p we see firms telling us the budget and increased in costs with unemployment ex-pectations s

he expected 6% to 7% of capacity of growth and it came in above expect eggs expectations in both thers. now he's slashing capacity estimates for the final two quarters of the year and he thinks we'll have a domestic capacity growth barely in positive territory and he has it in 2025 to so bullish. let's consider the case for the special performer. when the company reported second quarter and they noticed it was up 8% year over year, but they also said that they believed that that trend was ending and united explained that the industry would be removing improper capacity. in october he said -- he very proudly said and i'll quote it. the inspection we spoke about in the last call happened and leading to the expected domestic yield improvement, end quote andrew notella added, quote, it was shaped with the expect egg that the industry would remove improper capacity in earnest in q4. s a results, united expanded slower than most during the first three quarters of the year like the dynamics were less favorable, and our timing was right and the quarter is where the ind are industry and i can

that's because growth was better than expected. margins were good.e had 8% to 10% earnings growth which nobody thought we were going to do. you know our friend larry taught us, stocks follow on the way up and down >> let the winners ride. amazon, if you are energy transformation, financials, let it ride. opportunities for 2025, there are stocks that haven't had a great year it makes me nervous to see target and think, i don't know maybe you see something there we don't. why do you think these are going to become better stories in 2025 >> i think each of the stocksvillely stocks ville have improvement target, it's not -- for sure, it's not a traffic problem they had 2.4% traffic growth transactions were the problem. they had one off expense hit because of ports i think they can get margins back to 6% that gets you $9, $10 in earning power. las vegas sands, it's about recovery we see double digit gdr. it's about them fixing the renovation problem they did renovations they lost market share zscaler, the stock is attractive given cybersecurity is such an

but what can we expect your hour by hour forecast? i put this to about 715, and you notice the bulk of this rain is still fairly north. and then if i advance this into the overnight hours, that's where we begin to see the heavier pockets of rain picking up. but that wind advisory will officially go into effect starting at 7 p.m. for all of the highlighted areas that you see here. so pretty much almost the entire bay area, with the exception of far areas up through ukiah. but we could see some gusty winds upwards of 50 plus miles per hour. so the concern for those trees is very much real, even though we're not expecting to see a ton of rain in areas south of the golden gate bridge, you've got to remember a lot of those root systems might still be tampered with from previous storm systems that we've seen, so we could see some of those impacts heading into overnight tomorrow, along with the potential for some power outages. and the active weather pattern is going to remain in through saturday, but we do get a break from that on sunday be

we, the economy grew faster in the second half of 2024 so far than we had expected and it is expected to be above what our expectations in september next year as well. unemployment is lower and you know in the sep you'll see that participants think that the that the downside risks are less and uncertainty is less so that's that's more strength, right? inflation is higher, as we talked about. inflation is higher this year. it's also higher in the forecast next year. i'd also point out that we're closer to the neutral rate, which is another reason to be cautious about about further moves. and but then getting to your to your point, there's also there's a uncertainty, uncertainty around inflation, i pointed out is actually higher. it's also, it's also in the case of some people, some people, the way i would say it is this. some people did take a very preliminary step and start to incorporate. you know, highly conditional estimates of economic effects of policies into their forecasts at this meeting and said so in the meeting. some people said they didn't do so and some people didn't didn

streamline services now we expect from the next move is| expect from the next move is not only— expecty will be polite with i not only will be polite with the rally. _ not only will be polite with the rally, but— not only will be polite with the rally, but will- not only will be polite with the rally, but will also - not only will be polite with the rally, but will also tryi not only will be polite with. the rally, but will also try to understand _ the rally, but will also try to understand all— the rally, but will also try to understand all points - the rally, but will also try to understand all points and i understand all points and chided _ understand all points and chided oh— understand all points and chided on board - understand all points and chided on board— chided on board michelle mariela played _ chided on board michelle mariela played to - chided on board michelle i mariela played to constant contact and yeah yeah will you on , ., , contact and yeah yeah will you on , . , . ., , on this was in october. the roduct on this was in october. the product was _ on this was in octob

.— weather is expected.e should take _ weather is expected. people should take this _ weather is expected. people should take this very - should take this very seriously, this is a red alert for vast parts of the country, we've just been through a very difficult time in terms of flooding, red means there is a potential danger to life so people need to take this seriously and not to travel unless it is necessary. areas covered by _ unless it is necessary. areas covered by the _ unless it is necessary. areas covered by the red _ unless it is necessary. areas covered by the red warning i unless it is necessary. areas i covered by the red warning are forecast to see wind gusts of up forecast to see wind gusts of up to 90 mph or more. many people are still recovering from storm that a few weeks ago which caused if extreme flooding. which caused if extreme flooding-— which caused if extreme floodinu. �* , ., , flooding. it's the last thing we need. _ flooding. it's the last thing we need, at _ flooding. it's the l

today we're expecting a lot of sunshine across the entire state. from our mount tam cam. great visibility. there's the bay bridge, the city off in the background. our forecast will show you that it is brisk this morning. temperatures in the 30s and 40s. sunrise here at 710, expecting a lot of sunshine out there today. just like yesterday. temperatures into the 60s and 70s for daytime highs. and even by 8 p.m. we do find temperatures still in the 50s. so today we'll hit a high of 67. oakland, 71, in san jose, 64. in the city, near 70, in santa ros, 65. in napa, the coast looking beautiful, bright 60s for half moon bay and santa cruz overnight tonight, close to midnight, we'll find some high clouds streaming in. keeps our skies partly cloudy. that means temperatures aren't as chilly as we are right now. for most of us, we'll stay in the 40s overnight tonight heading into thursday. so look at thursday afternoon. very similar to today. temperatures mainly in the 60s. same story on friday, but by saturday you'll feel some cooler weather move in here mor

can we expect more rain? we can and we are - rainfall. can we expect more i rain? it in the _ rain? we can and we are likely to see it in the next _ rain? we can and we are likely to see it in the next couple - rain? we can and we are likely to see it in the next couple of| to see it in the next couple of days. the atmosphere is warmer, holds more moisture and moisture at a certain point tumbles down and we get heavy downpours. we see this across the world, in valencia and here in wales in the last couple of weeks and now the rainfall that will come down again, even if not as much as last time, will fall on sodden soil and may accumulate and cause flooding. is this linked to climate change?— change? some aspects undoubtedly, - change? some aspects undoubtedly,

>> the euro area special bank expected to deliver its forthright cut. we're live in frankfurt ahead of today's ecb decision. and maximum pressure on iran. donald trump national security advisor vows to bring back the policy. the president-elect invited china's president to his inauguration. ♪ tom: happy thursday, the european equity markets closed higher yesterday and the u.s. session was solid with the nasdaq 100 closing up 1.8%, a fresh record for the tech heavy index. notching up gains as well, companies like tesla and alphabet led the surge. it was a tech heavy day on wall street. we reflect on the fact that cpi and the u.s. long thin for traders, that cut next week from the federal reserve is the expectation as cpi came in line. the ecb expected to cut, what is the trajectory into 2025? s&p futures softer, down .10% after the gains of yesterday. nasdaq 100 futures also lower by 26 points. let's look cross asset, the focus on the treasury curve as we digest inflation data, largely unchanged on the 10 year. euro-dollar 105, little softness for the bl

it's still expected unexpectedly slow across the bay bridge.cross, but it's made manageable even though it's slow because of the folks at the metering lights and that's backed up. it's really caused more traffic at the berkeley curve. the reason that it's not slowing through berkeley, because there's a crash here at carlson bogging down the upper east shore freeway, and that may affect folks, even if they're trying to use that richmond bridge as an alternate to the bay bridge. no reason, given that i can see on any reports. it's just very slow until you get to about hospital curve coming south off of westbound 80 in san francisco. south of there, we're looking at the san mateo bridge. you might see more traffic volume there, as folks may have shifted out of oakland, but we don't have a problem for the nimitz. south bay. pretty predictable as it picks up in silicon valley. back to you. thanks so much, mike. 652 right now and happening now, help is on the way for domestic violence survivors in san mateo county. supervisors approved a new pilot pr

we expect them to continue cutting rates.re expecting the federal reserve to cut interest rates tomorrow but not do much for the next few months. the ecb is probably going to be the fastest cutter. the bank of england i think is going to be somewhere in between and the reason they are going to be cautious about how quickly they cut interest rates is because of data just like we had today. it wasn'tjust is because of data just like we had today. it wasn't just the fact that inflation rose from 2.3% to 2.6% but also services inflation is still really quite high running at 5%. in the euro area, it is around 4% so the uk clearly has a services inflation problem, it is taking a long time to get rid of that and yesterday we had some labour market data which showed wage growth was still very strong. so the competition of strong. so the competition of strong ways wages and prices has to be taken into consideration.- has to be taken into consideration. ~ ., ., consideration. we will hear a lot about _ consideration. we will hear a lot

we didn't expect to be open.ve got everything is going to be dead today, but they were dead wrong. whether you visit the enchanted far as taking the creative holiday displays. >> where even marked the first night of new call. >> there's something for everyone. it's because there's like. songs trees. and i really like christmas spirit. despite some sponsors pulling out the free event continued its tradition of bringing the holiday spirit of visitors in san jose with more than 50% of the $100,000 needed already donated by the community. we really hope that with the donations not only to that 100,000 level of gets us to an even break even for the year. >> but going forward to next year, the donations from the community from the corporations will help us. >> have a tree decorating contest. they'll help us put stones in the park that you can dance on and they light up. >> and even more to look forward to next year. the event will run through new year's day at 10:00pm. but for now, it's all about soaking in the joy on

you may expect that to continue.irectionally, you might expect there to be some forms of tariffs or something, but it really matters exactly what happens and whether those policy actions are. >> have you begun the process of folding in some of that expectation into your forecast? >> my own personal forecast, i have incorporated some thinking about where fiscal policy maybe. immigration and other policies because those are important drivers to think about the economic outlook. but i would just emphasize that there is a lot of uncertainty about where there's offense will be. >> john, one of the interesting things as you have been cutting interest rates but longer-term yields like mortgage rates have gone up. is that a cause of concern for you and you understand the dynamics that is happening? >> i think it is happening for reasons that are separate for monetary policy. short-term interest rates have come down. we have seen that 100 basis point guts this year but other things are happening that are pushing up longer-ter

that's part of the social expectations of this time.nd i think that has a way of amplifying the negative emotions for the people who don't necessarily have a place that they belong to or family or friends to connect with. so i think that's part of the reason why it's important to highlight that there there support available and ways that we can work with ourselves during a more challenging time. >> yeah. >> and talk about that support that you're providing at the center. you have these bereavement support sessions. how important is it especially to really focus on older adults who may not have family close by that they can connect with around this time of year? >> yeah. so what we're offering, and we've been doing this for about three years, is that each of the centers, we have a presenter come in. she's a grief support specialist, and she just names the fact that it's not an easy time for everybody. and she names the ways that these feelings come up and acknowledges that not everybody has a place to be during the holidays. and i think

now, coastal flooding is expected. waves hit the seawall this morning and jumped the pier. and emergency officials are reminding people, stay indoors. if you can stay off the beaches and away from the coast, because these are hazardous conditions that we're talking about. now, i did just speak with a longtime pacifica resident who was out for a run. he assured me he always stays safe during these conditions. >> we'll play it by ear, you know, if it's really too bad, don't go out. you know, i've been doing this so long. it's just a habit, you know? and i'm very careful, as you can see, because i've never had any problems. do you? >> and one last live look there at that flagpole. and you can see the flags aggressively waving there in the wind. we will be expecting these windy conditions all morning long. i should mention i just spoke with another pacifica resident. he said he's a longtime surfer. he will not be venturing out onto the water today. he did have plans to head up to tahoe because of the great snowy conditions

with the expectations around a.i. and the upgrade cycle which has yet to come to fruition which makes it all the more remarkable. >> let me give you the magic number to look out for. $264. let's call it $.63. the holidays are a moment for reflection so it's worth taking some time to look back at how apple started the year. it was vastly underperforming its peers. all of them, they had a.i. stories to tell investors even if they were not seeing sales yet. apple was real late to reveal its plans but all it had to do was show up to get the stock positive again for the year and on its way to the market cap we are talking about now. also helping, the record- breaking buyback. now we see shares a 33% on the year. it has been quite a turnaround. i'm always looking at the next step and we have to see whether or not it can prove itself and drive sales growth. we have not seen much evidence of that yet. we talked to so many analysts who say it will be a lackluster season for the iphone. may be a little bit of growth, but we rea

today they're expecting about that many, and tomorrow they're also expecting a busy day. but then it should taper off for the rest of the week at sfo. gloria rodriguez, abc seven news. >> the holiday commute on highway 24 was stalled by a fire in the caldecott tunnel this morning. the chp says a minivan burst into flames after colliding with another vehicle inside the eastbound portion of the tunnel just before 10:00. the driver of the minivan got out safely, and no other injuries were reported, but all eastbound lanes had to be closed temporarily. now to breaking news. former president bill clinton is in the hospital after reportedly developing a fever. he's under observation and undergoing tests at medstar georgetown university hospital in washington, d.c. aides say clinton is awake and alert. a source close to the former president says the situation is not urgent and that he wanted to be checked out. clinton has faced a number of health scares since he left office in 2001. he is 78 years old. remembrances continue to pour in for the greatest athletic of all time. fans

i expect all that to change under the trump administration. it should change. every piece of that, controlling the border as well as how the children are handled once they are in our custody. maria: i mean it's so disturbing to see two-year-old and we don't know who she's with and what she's doing. is it fair to say that it's likely that the drug cartels put her in place to cross the border the border? somebodi' pseudomosomebody's wa? is it the drug cartels? >> clearly the drug cartels are involved with human trafficking. when i went down to the border, the border patrol said a lot of people over here and attract our agents to go get the folks crossing the border and then use that moment to run drugs further up or further down the river, and so they are coordinating the trafficking of people with the trafficking of drugs and making money from both so to go after the illegal immigration is to go after the drug cartels in another manner and that's something we have to do. maria: let me ask you about trump's other policies and of course he's readying plans to what

and to kind of check in on what those conditions are expecting we're expecting is drew. hey, amanda. >> yeah, let's talk about the high surf warning, because it's just one of those warnings you do want to heed very closely. you want to stay out of the water because these waves are already very active. 12 to 14 foot waves right now in areas. and this high surf warning will continue through tomorrow. like amanda said, we could see waves in excess of 30 to 40ft. that is life threatening waves, dangerous swimming and surfing conditions as we see several storms move through the region over the next couple of days. let's take you outside. this is actually a live look at sfo this morning, where we do see a lot of low cloud cover out there. visibility not great. two miles right now, 56 degrees. it is mild out there to look at some of these numbers. good morning san jose. you're at 62 degrees 61 in hayward. so it is not terribly cold by any means. we are on the storm impact scale today. it is a level one for some light showers. it just creates some slick roads, some slower travel

the government is expected to commit to meet this by 2029.ptember 2024, only around 59% had been wasting less than 18 weeks. the last time the 92% target was achieved was back in 2015. second, the economy. the prime minister is expected to announce a pledge to boost people's incomes by 2029. the government because official forecaster is projecting a measure called real household disposable income per person will rise by about 0.5% per year over this parliament, slightly better than in the last parliament, but that would still be worse than every other parliament, going back for decades. be aware, though, that these are only forecasts, and these are only forecasts, and these ones are especially uncertain. they might well prove to be wrong. third, police. the government is recommitting to the labour manifesto pledge to deliver 30,000 additional neighbourhood police officers, police community support officers and special constables. a challenge here is the fact the police federation of england and wales�*s last survey of its members suggested ar

economic growth is expected to drop next year.a canute —— consumer economy there, also real estate in agriculture. there are sanctions being put on companies, the russian energy giant gazprom is set to be hit with sanctions in a few hours. also the question of whether the cost of food rising, the cost of transport going up will affect the economy in a way that will encourage president putin to end the war. people will be wondering if the two are linked. i wondering if the two are linked. ~' wondering if the two are linked. ~ ., linked. i think coming into 2025 you _ linked. i think coming into 2025 you can _ linked. i think coming into 2025 you can definitely . linked. i think coming into | 2025 you can definitely link the economy perhaps with what might happen geopolitically. despite the defiance that you would expect from political leaders everywhere, in europe as well as in russia, there is still a growing sense of war fatigue. part of this is driven by the fact that the economy is now becoming more difficult. growth in 2024 wi