for medicare we're expecting growth at 3.3%. this is as a result of slower growth utilization across owl services. lower payments of 2% begin in april 2013 that was included in the budget control act of 2011. for medicaid, we're expecting growth of 6.7%. sh th slide gives a four year growth rate so it masks the acceleration. the faster acceleration -- part of it was due from a rebound of a 2012 low. but the other part of it was aca man date temporary payment increase to primary care physicians that was one factor in the higher spending growth projected for medicare. for private health insurance, we're expecting low projected growth of 3.3%. and this has to do with continuing increase in requirements in addition to having more people and higher deductible health plans at the time in an environment of lower economic growth. and as far as by sector, for hospitals, growth is projected to slow to 4.1%. this is due to medicare yutrylization. medicare is affected by sequestration. the reason for the slowdown, the primary reason is diff

they expect inflation to remain tamed. they are not expecting inflation to be runaway.he idea they were hike -- they will hike early does not seem appropriate. graphnow we had the showing the economic projections. what are you taking away from that and what are you seeing? >> the most at risk for revision is the inflation forecast. it does not seem to jive terribly well with what is going on in unemployment forecast. we have not seen wage pressers today but we're still looking at 2% year-over-year wage increases. into 2015, the scope for that number to go up in a lot of different areas of the market. we are seeing labor shortages begin to emerge. so i think this is something we will see a bit of wage pressure into 2014, let's keep our eye on the board -- on the ball in terms of what they say the rate will be. hyman.s get julie she is in the bloomberg data center. what do you have for us? >> stocks are back up again. weant to take it back that tend to see volatility in the wake of the fed statement. anything could change once janet yellen begins speaking. but the reactio

it was 12.6% and it's expected to stay at 12.6%. it came in lower than expected at 12.3%. the youth unemployment rate hit a new record high of 44.2% in august. so the overall rate is falling, but the youth unemployment rate going up. >> we're getting some data on the health of the german labor market. the seasonally adjusted jobless rate falls to 2.8 million. german september jobless unadjusted rate was at 2.65%. slightly lower. but the adjusted rate was 6.7%. obviously, a lot of focus on germany. it can rely on growth, we're talking about the biggest economy in europe. a lot of questions or concerns around what further sanctions in russia will do to germany. >> absolutely. and on that topic on sanctions on russia, which economy do you think is the worst performing thus far? i've given you a massive clue already. >> is it germany? >> it is not germany. it's ukraine. >> that makes sense. >> and the best performing? >> in europe? >> i believe it was ireland. >> not ard cooing to my data. it was poland. and the best trading economy overall was argentina. it would have been a

that's expected to happen today.under the new law you'll face a $25 fine if you're caught with fewer than 20 grams about about occupation. and if smoking in public, it will be a $100 fine. >>> and video cameras on cars or wearable cameras on police officers. governor christie signed the bill yesterday. the officer was cleared with the help of evidence from the camera on the car of washington township officers who pulled him over. >>> a bill of state parks and beaches were vetoed by governor chris christie. many municipalities have banned smoking in those areas. it will cut down on exposure, cut down on litter and lower the risk of fire. >>> new this morning, a trial is delayed for the atlantic count tee man accused in the death of a child. a man with the same name with the hospital with a gunshot wound to the head. officials have not been able to confirm if someone shot him or if the wounds were self-inflicted. he's accused of causing a three-car crash in 2012 in hamilton township. a 9-year-old boy was killed. his fr

>> susie, we like everybody expect to sew a correction. we've now seen the dow jones industrial average go the fourth longest period of time since it had a correction of 10% or more since 1929. so clearly we're due. that said, any kind of an election cycle that you look at suggests the midyear elections are typically very good for the equity markets, while the last 60 years post every midyear election we've had a rally in the year end that's taken the market on average about 16%. so it says by the midyear elections and so if we get any corrective phase in advance of it, use it opportunistically. >> all right, marx, thank you very much. janney montgomery scott. >> two huge mergers, both with german companies buying here in the u.s. german drug company merck is paying $17 billion for sigma-aldrich, this is the st. louis based chemical and lab equipment firm. the ceo said the deal was a very positive one for shareholders and for his more than 9,000 employees. >> what this deal does, it puts two companies together that have complementary produ

companies expected it then. companies expect it now. doing right -- it is just good business.on bank.

you can expect.ture in the protest, hong kong people, even the government [indiscernible] illuminate hong kong people. that is in a very serious way. peoplebout 6000 protested on sunday evening. you represent the students. about 1000 gathered tonight and overnight. hongshould we expect in kong and what should the chinese government expected to witness? -- students to protest overnight. aim is to revoke at the decision or change their minds. i doubt the chinese government now has any expectations to is hong kong people. secure the national security. but the foreign powers to engage in hong kong and get control through the election. according to them, that would try to have a tight election in hong kong rather than let hong kong people really have the authority. >> alex, final question. realistically, what do you hope to achieve? what is you hope to achieve through all of this? two pathsow, there is ahead. one is to revoke the decision. one is to decline the proposal. a massive, we need movement. we ne

nissan better than expected.y are not impressive numbers when you look at them, they were better than the edmond's expectation. look what happened last month. general motors says the august sales rate for the industry, its expectation that the industry sales rate comes in at 17.2 million. by the way, the last time the industry had sales of greater than 17 million, you got to go back to july of 2006. what's driving it? low financing, 13% of the vehicles came with 0% financing, but strong consumer confidence in the economy playing factors. also, i want to talk chrysler. they reported strongest sales since 2002, and a big part of that? jeep. sales up 49% last month. wrangler, and chrysler expects the sales pace to be at 17.4 million. there are expectations there for a sales rate above 17 million looking at shares of general motors, ford, and toyota. keep in mine, there could be a number of analysts come back and raise their expectations for the auto stocks because we're seeing strong transaction prices in addition t

hot and humid conditions expected once again. our temperatures are going to range between 87 and 90 degrees with late thunderstorms expected. when i see you again, i'll be working on your seven-day forecast. >> yeah. commuters may expect a wet commute this morning. though, already, we saw video that jillian showed us earlier, the roads are wet in lehigh valley. >> what do you see now? >> 422 on armand hammer boulevard blocked. you can see things are looking good on 422, that is clear. 76 is clear. 95 is even quiet. 202 northbound between route 401 and route 29, we have construction there. one lane is blocked through that construction zone. no delays to report, though, in that area. and this is what vai was talking about in the lehigh valley, route 22tpb1ñ at route 512. you see the storms that brittany mentioned earlier, if you're making your way out, use caution. >>> the president reveals his plan. >> in a prime time speech, president obama vowed to destroy islamic state fighters in iraq and syria. this morning, lawmakers are rea

a judge is expected to announce a verdict in this case soon. nbc10's tracy davidson is live in the digital operations center. tracy, what will happen in court today? >> experts say the verdicts will not be delivered simply like here in the united states. it actually could take hours or days. here's a live look at the courtroom in south africa. in south africa, a judge, not jurors, decide a verdict. within the last 15 minutes the judge began delivering the verdict. that judge will summarize each of the 37 witnesses who testified including pistorius. then she will give us some of her own findings on how she reached the verdict. and then finally, she'll reach the verdict. pistorius shot and killed his girlfriend but he said he thought he was shooting at an intruder. if pistorius is found guilty of the most serious charge, he could face a minimum of 25 years in prison. we'll continue to monitor this feed. live in the digital operations center, tracy davidson, "nbc10 news." >>> today the nation pauses to remember the 9/11 terror attacks. 13 years ag

inflation is recorded and expected. the previous month. and inflation lower in two months, but would increase slightly in november and december. central bank targets inflation at 5.3% in 2014. but they're cautious on inflation risk going forward, as well as the current account deficit due to precedent-election's plan to cut fuel subsidy as soon as he is sworn in. hey say the team study shows there's a price hike. big path ahead to create room. and also aiming to reduce inflation rate next year to enable interest rate cut. 2015 inflation paced the target at 4% out of that reducing subsidies. they plan to increase the budget by 10 trillion. euros and yen next year, 13% higher than this year. and also to finance the deficit in the state budget. back to you. also coming out and trading over in india just over an hour to go. it's when trading does start up. gold is apparently pouring back into the country. imports surging 65% in june. the cap was in place on gold exports, but since been relaxed, looking like it's working. th

and this morning a worse than expected job report. all that news pushing the dollar up more than 1% for the week. the tlt down nearly 3%. and the s&p 500, well, it's basically right where we started the week. so what will it take now to really shake stocks? bk, what'd you make of this? >> i tell you, this week there's an awful lot of good economic news. the jobs number this morning, there was really nothing in that that said you need to sell stocks right now. i would argue even if you take it on the face of it that it was weak, it just means that rates are going to stay lower for longer. i think at this point you stay long stocks. i think the reason we've been sideways is because we had this big meeting. then we had the jobs numbers today. cross assets are not working that well right now. but i think you stay long u.s. stocks. >> i don't think there was anything in the job numbers today especially when you weigh in the fact there was some wage growth. ultimate wli if you look at the six-month average and twelve-month average, we're in

phil lebeau has more. >> reporter: sales came in hotter than many were expecting. the monthly sales rate of 17.53 million vehicles is the strongest monthly sales rate for the auto industry since january of 2006 when it was 17.62 million. nearly every major manufacturer reported better than expected sales with chrysler leading the way. sales jumped 20% for chrysler led by jeep which had sales increase 49% for the month of august. nissan was up double digitis and the manufacturers reported better than expected sales. what was driving it? a couple things. low financing, 13% of all vehicles sold in july and august came with zero percent financing. in audition, strong consumer confidence which always is the key for driving auto sales was another factor and there is a lot of penalty up demand with the average age for a vehicle at 11 years. august auto sales, the pace 17.53 million vehicles, the strongest monthly auto sales pace since 2006. phil lebeau, "nightly business report", chicago. >>> and in the federal reserve's so-called beige book survey which showed the econom

but it is in the range of expect expected levels of rates for next year that the subtle change that suggests that the fed sees its short-term target rate at about 1.5% by end of next year. in june it looked like the consensus forecast was for about 1%. so, street a lot there to chew on. melissa: but the very last thing you mentioned, that is what the market is focused on right now, the famous dot plot where it shows where everybody is anticipating within the fed interest rates will be over the next few years and that looks like raising sooner, faster, than previously thought. we're looking at market right now. you can see that is called the market. that is down 22 points. thank you. we were starting up about 26. that drop-off you see is reaction to the rate raise. i want to bring in james freeman. what is your reaction? >> it is good news if they say we'll start moving interest rates up but i think you would like to see this considerable time phrase eliminated. it should be now. janet yellen still doesn't seem quite ready to take away the punch bowl from wall street or washington. melissa: t

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this is to be expected. they were already as we saw with the foiled attack moving and pushing adherence to attack outside the region. i think in the short run this will accelerate, but this should not be taken to me that i think we are provoking it. quite clearly they were intent on a being taing outside the west. this will heighten the efforts to do so. they want an attack on the united states. what would be the conceivable net benefit to this kind of thing? >> isis spokesman summed it up in two lines. if you attack us, we get stronger. if you don't attack us, we expand even more. whether we attacked them or not, they want an engagement. they present themselves as the state head butting with the united states. they are trying to rise to the occasion. we are. i think for them, that solidifies the ideology and that there is a crusaded war against the islamic state they are the only people who can defend the islamic nation and that would be a rallying support for the group. >> for them to want that as they sai

the nasdaq expected to open up 11 points, the dow expected to open up about 37 points.we'll be looking forward to the u.s. market open very shortly with a couple of our guests. moving on, european markets have been strong today. they opened fairley mixed and strengthened throughout the day. france, about 50 basis points, um germany pretty strong, as well. 90 basis points. this despite quite a lot of data coming out over the next few days, not least of course the ecb meeting on thursday. lou, back to you. >>> as we've been talking about, september has a reputation as a very bad month for the market. the s&p capital iq says of the worst 20 months since '87, september makes the list four times since 2001, 2002, '08, 2011. we could go back to 1945. september has ended higher only 45% of the time, the worst showing of any month. traders say the psychological pressures on the round numbers of the s&p 500 and the looming purchases could reinforce the stereotype. joining us annoy, peter oppenheimer and dan. dan, i just read out some numbers on the month of september. it all dep

but also; we're expecting faster growth of 4.3%. which would be higher than what has been experienced in the recent past this is as a result of modest increases in use and modest increase in payment rates. not getting as high as it's been but coming off the low of the past few years. for medicaid, we're expecting 6.8% average annual growth during this period. and here overall enrollment is projected to stabilize. the subpopulation -- also the most expensive to cover in that population. and finally, in this slide, private health insurance growth is projected to be lower than medicaid and medicare at 5.4% but also this is -- this growth rate would be higher than it has been in the recent past. and this is as a result of faster projected economic growth leading to higher use of services than we've seen in the recent past. by sector, andrea mentioned or showed the distribution slide and we saw that the distribution for the major services. and so therefore, we can expect that the growth rates will be similar. and that's what we've found.

they are expecting their second child. according to the royals twitter account, the queen and members of both families are delighted with the news. we have lender, though, the duchess is once again being streeted for severe morning sickness. the news of the royal baby on the way comes a month and a half after the couple celebrated their first child prince george's first birthday. boy or girl? let the games begin. wait. they already have. twitter is going crazy over this already. eun? >> i'm sure it is. a d.c. department of corrections federal was murdered inside her own home. the question this morning is why would someone want to hurt carolyn cross? live in alexandria with more on the investigation. >> reporter: we saw an alexandria police officer cruising through the parking lot. as you might imagine, residents at this complex are very much on edge. carolyn cross was a deputy director with the d.c. department of corrections. the 64-year-old was found murdered inside her alexandria apartment over the weekend. an arrest has

so this is to be expected. i think they were already, as we saw with the foiled attack in australia, already moving and pushing some of their adherents to attack outside of the rye john. i think this will accelerate but won't be that we're provoking it. quite clearly they were intent on attacking outside of the region and in the west. this will heighten their efforts to do so in the long term. >> the islamic state wants this. they want an attack by the united states. is it possible that they could want that? what would be the conceivable net benefit to this kind of thing? >> you know, isis spokesman really summed it up in two lines. he said if you attack us, we get just stronger. and if you don't attack us we expand even more. so when we actually attack them or not, they want an engagement. they present themselves as this state, head butting with the united states, they present that to their followers as well as to others. and they also are trying to rise to the occasion. they're saying nobody is really confron

last quarter, the beating expectations.rest of the economy, a rebound in manufacturing. a rebound in next part. it looks at the philippines is in a sweet spot. forward?issame going that our guest this morning. -- let's put that to our guest this morning. thank you for joining us. it does look like the philippines has gone on the right track. no longer the sick man of asia. can that be sustained? >> there are always risks, but if you look at our track record, we have had very strong demand-led growth has kept our economy moving at the pace it has for some time now. it has taken some time to build credibility as a country, but it has been many years now that we've had a steady growth in our economy. if you look back at the financial crisis of 2008, not once to the country go into recession. i think we deserve a little more credit. however, there are still challenges. we are still very low on direct investments. we have had very strong demand-led growth. on the investment side, we are lacking in relative terms. challenges rema

expected to open down today. yesterday, the u.s. market getting in touch with new highs, but ended up down. that was partly ahead of this nonfarm payroll print we have coming out today. july, we had 209,000. the dow jones forecast today is 225,000. we'll be discussing what to expect on that front with our next guest. as you can see, markets in the u.s. expected to open down today. the s&p expected to open down about five or six points and the dow expected to open down about 10 points. european markets haven't really moved following that reprint of the second quarter gdp. it stayed roughly where people were expecting it. italy was basically flat today after a very significant move yesterday. italy and france up over a percent of the back of that ecb easing measures. two of the economies most in need of easing. the dax today up slightly 0.13% and the ftse 100 also down again. full year previously strong european markets, probably why we're seeing a breath today. >>> caution ahead of this all-important jobs report.

and as expectations and the actual performance of the economy change, you should expect to see movements in the dots. i think it's also notable that the further you go out in the projection period, the wider the set of dots. you see a big range out in 2017. and that reflects in part different forecasts by different members of the committee about how rapid progress will be. what you don't see in the so-called dot plot is also the uncertainty that each individual, each participant sees around their own projection. so things will depend on how the economy evolves. that will change over time and there's a good deal of uncertainty associated with it. >> thank you. bloomberg news. the economy has been growing now for five years and some economists believe the expansion will last another five years. why, in your view, is economic growth not creating more inflation in wages and in pce? is this all about remaining slack in the labor market or are there other forces at play? >> well, to my mind, the very slow pace of wage increases does reflect slack in the labor market. we had a very deep recessi

the s&p expected to open down 6 points, dow expected to open down 54 points and the nasdaq expected to open down 12 points. we'll be back here on "worldwide exchange" in a couple of minutes. guys! you're not gonna believe this! watch this. sam always gives you the good news in person, bad news in email. good news -- fedex has flat rate shipping. it's called fedex one rate. and it's affordable. sounds great. [ cell phone typing ] [ typing continues ] [ whoosh ] [ cell phones buzz, chirp ] and we have to work the weekend. great. more good news -- it's friday! woo! [ male announcer ] ship a pak via fedex express saver® for as low as $7.50. >>> welcome to "worldwide exchange." i'm wilfred frost. does the president now have a clear strategy? obama prepares the nation as he authorizes air strikes in syria for the first time. >> we have made it clear that we will hunt down terrorists who threaten our country with the corporal of my presence. if you threaten america, you will find no safe haven. >>> european shares dip in the red as u.s. markets point to a lower open. >>> the launch of the iph

. >> and moran is excused and torres is expected shortly. >> the first item is approval of the meeting minutes of july, 22, 2014, is there a motion. >> move to approved. >> it has been moved. >> can i second to be at the meeting. >> i will second. >> and it has been seconded, is there any further discussion, commissioners? is there any public comment on the meeting minutes of july 22, 2014? seeing none, public comment is now closed, i will call for a vote, all of those in favor, signify by saying aye. >> aye. >> and opposed the ayes have it and the motion carries, next item. >> no cards. >> item 4, is general public comment. >> members of the public can address the commission on matters that are within the commission's jurisdiction, and are not on today's agenda, is there any public comment? >> seeing none, public comment is now closed. item five, is communications. >> commissioners? >> i have no comment >> no comment on communications from vice president caen. >> seeing none, is there any public comment on any communications in the formal record, before this body? >> seeing none, publ

>> that is expectation among the analysts. he said it may take one of the companies already in the deal. it doesn't have the purview to put the deals in place or is not trying to do it the right way and trying to stop the deals coming into place. we saw an expectation that pfizer may try to do a deal. it takes a pause and of course hits the stocks. >> amon, thank you very much. >>> well, those inversion worries were not the only reason for the market selloff today. the escalating war in the middle east and the economic impact of u.s. airstrikes in syria as well as down beat data out of the euro zone economy also weighed. all ten sectors of the s&p were in the red, the dow lost is 16, dow nienlt, the s&p off 11. >>> and the overall theme of this year's clinton global initiative in new york city, where business, government and entertainment leaders from around the world gather to discuss the controversial issues and look for solutions. it's a big event, filled with headliners. and it coincides usually with the annual u.n. genera

this area is expecting heat begin.iously raising the fire danger so we wanted to pass that on to you. this is what you will have to contend with. the temperatures are pretty mild in the low to mid60s right now from san francisco and oakland and san jose and morgan hill. as we look at another perspective from our sfo camera, visibility is good right now. we are not seeing the low ceilings. tomorrow morning it could be a different story. 64 in fairfield and in livermore and here is a view from our exploratorium camera. do expect some fog for the morning commute which means watch out during the morning hours. a wide range of temperatures tomorrow and we are expecting it to turn warmer on friday. as you look at our fog forecast, it is going to be pretty foggy around the coast and near the bay. first thing in the morning the fog will pull away, but it will never quite leave the coast. we will go with a typical pattern tomorrow afternoon with the fog lingering and the inland and bayside communities will enjoy the sun and the

futures expecting a slightly negative open, as well. the nasdaq expected to open down 3 points.down about 2 points and the dow expected to open down about 7 points. >>> let's give you a look at what's on today's agenda in the united states. the monthly survey for nap national federation of independent businesses is out at 10:00 eastern. from the labor department. hd supply, barnes & noble, burlington stores and krispy kreme all reporting earnings today. >>> and activision is taking a $500 million gamble on its new video game, destiny. will it pay off? julia boorstin has the story for us. >> actvision's new game destiny could hit stores possibly outselling the call of duty advanced warfare. destiny is the most preordered original video game in history, following the biggest beta test of this generation with over 4.6 million people testing the game in july. this is particularly striking because it's not part of an established brand. rather, the start of what looks like another billion dollar franchise for activision. and activision is counting on a hit. the company reported $500 m

so this is to be expected. i think they were already, as we saw with the foiled attack in australia, already moving and pushing some of their adherents to attack outside of the rye john. i think this will accelerate but won't be that we're provoking it. quite clearly they were intent on attacking outside of the region and in the west. this will heighten their efforts to do so in the long term. >> the islamic state wants this. they want an attack by the united states. is it possible that they could want that? what would be the conceivable net benefit to this kind of thing? >> you know, isis spokesman really summed it up in two lines. he said if you attack us, we get just stronger. and if you don't attack us we expand even more. so when we actually attack them or not, they want an engagement. they present themselves as this state, head butting with the united states, they present that to their followers as well as to others. and they also are trying to rise to the occasion. they're saying nobody is really confron

more clouds expected. however, for those of you down the shore, all the way cape may and the beaches, looks like cloudy skies for the day today and breezy. 75 degrees and showers expected for you on tuesday. and all throughout much of the delaware valley as well. notice clouds and showers for tuesday. after today just mostly cloudy. then we're dry on wednesday. the humidity and the heat return on thursday, and then we start to clear the skies out towards the weekend. we go up to the mid-80s and then we start to cool off back to the 70s just in time for your weekend. >>> 20 minutes past 6:00 right now. a banner plane pilot survives after crashing into the ocean. this morning, witnesses describe watching the plane go down and how some jet skiers turned into heroes. >>> and a little boy on a hike with his family was attacked by a mountain lion. what his parents did next that saved their son's life. tom wolf. he'd be a different kind of governor. he served in the peace corps in india. and then got a phd from m

this area is expecting heat begin. obviously raising the fire danger so we wanted to pass that on to you. this is what you will have to contend with. the temperatures are pretty mild in the low to mid60s right now from san francisco and oakland and san jose and morgan hill. as we look at another perspective from our sfo camera, visibility is good right now. we are not seeing the low ceilings. tomorrow morning it could be a different story. 64 in fairfield and in livermore and here is a view from our exploratorium camera. do expect some fog for the morning commute which means watch out during the morning hours. a wide range of temperatures tomorrow and we are expecting it to turn warmer on friday. as you look at our fog forecast, it is going to be pretty foggy around the coast and near the bay. first thing in the morning the fog will pull away, but it will never quite leave the coast. with a will go with a tyl pattern tomorrow afternoon with the fog lingering and the inland and bayside communities will enjoy the sun and

it weak nd in expectation of a weaker than expected german confidence print. then it bounced when that print did come through weaker than expected. it's currently down 10 basis points. let's look at the very missed and the german market off only 0.17%. again, the business sentiment came in at the lowest level since april 2013. it's five months in a row it's come in below expectations. is he 104.7 grens an expectation of 105.8. italy and france are roughly flat. air france, which is the subject of strikes, has only suspended over a percent. down 10.6%, tnt express says low growth in europe will affect margins in the fourth quarter. it will set aside 50 million euros to settle an anti- -- investigation with french authorities. rbs is off just over 1% after the price of its u.s. business citizens at 21.5 a share. that's lower than the expected range. and adecco, off almost 4%. towards the bottom of the stoxx 600 saying that its seasonal pick up in business is due to weakness in both france and germany. bonds, first of all, at the ten-year bund, which actually has

why were they expecting it?s was india's strongest government in the last 20 years, and therefore, expectations were sky high. instead of pushing through the radical reforms, what they've done in the past 100 days is to focus on the basic issues of governance. for instance, he's removed layers of decision making, focused on execution, insured that reforms take place and government becomes a lot more operationally efficient. for example, he's disbanded the planning commission of india, a 50-year-old institution, sending out a clear message that india 2014 cannot be run by systems and structures of the 1950's. so it's a job that's well begun. it's half done. but more importantly, you know, this is not a quick-fire century you will find. this is more like a steady knock, and therefore, you're seeing steady, small progress, but incremental progress indeed. >> how many boundaries has he had, and has he had any just missing the bull by a mile type sort of shot? >> well, there's been nothing so far. but some of the pol

we're not expected widespread rain for hours and hours, but we are expecting a pretty strong line ofhunderstorms that will roll through the area as you head into the evening hours just as you're trying to get home from work and run your errands. a hot and humid day. temperatures are going to warm close to 90 degrees clout tthro the city. wi hour. temperatures in the low 60s in allentown, 67 degrees in dover. we did see a few light showers in parts of poconos and lehigh valley. you see the front all the way back north of memphis. we'll see that moisture continue to pump in from the south. we'll see the clouds increase and the chance of showers closer to 5:00 p.m. along the i-95 corridor. this will complete a roll to the south moving through jersey by 8:00 p.m., just to the south of atlantic city. by 11:00 p.m., close midnight, we'll see them pushing offshore. i'll let you know what else to expect coming up in the seven-day forecast. >> i think i heard jillian mentioning a bridge opening. >> what are you seeing now? >> overnight, i was talking about overnight construction on the falls

that is expected to continue today. the dow expected to open down about 10 points.orry, about three points. the s&p expected to open roughly flat and the nasdaq, which has been up three days out of four looking for its sixth straight week of gains is expected to open roughly flat. so et will be quite interesting to see if it can continue six weeks a row of gains. we're joined now by michael gurka. michael, so far, second half of the week, markets have lost a bit of steam. looking ahead perhaps to the fed meeting next week. what are you expecting from that meeting? >> well, i'm expecting a lot more rhetoric in regards to how the tapering scenario dissipates and more importantly, the new onset of how the eu and the ecb in particular are starting to implement their new strategy. really, we'll have some fed speak. let's say twisting their heads. right now, at least, i think it's not just two different dynamics, but the biggest cue from the fed, at least what i've seen in the last two weeks, is how the dollar has traded against the euro and particularly the british pound

what do you expect? >> my expectations are not very high for the u.n. summit. >> why not? >> well, because history, looking for international agreement is not generally how we solve the biggest problems. >> what do you want to happen. someone has to make a big move, if not governments, who makes the move. individuals. >> every one of us. every one of us has to demand political action from the government. demand they fulfil a fundamental duty as leaders. >> great to see you. margaret is the founder of the advocacy group, climate mobilization. a pleasure to have you here. see you next year are or earlier. >>> john d rockefeller made his riches from oil. his heirs are dropping their investment in fossil fuel. >> the rockefellers fund is around 50 organizations divesting from fossil fuels. it's a movement started on college campus, but they hope it will make a difference in the long run. >> nobody should profit from the rising temperatures, seas and human suffering caused by the burning of fossil fuels. >> reporter: archbishop desmond tutu sums up the argument of divest invest

bay mud expects to complete this in a year. tom vacar, ktvu channel 2 news. >>> some drivers in walnut creek being wrongly ticketed for parking meter violations. the technical glitch that's causing the problem and what the city plans to do about it. >>> it is the hottest day of the week. ktvu's rosemary orozco is tracking a very slight cooling trend and we'll tell you what's in store for your weekend. >>> oakland police are credited with taking many guns off the street. find out what they do with them and where you might see them around the bay area. denturthan real teeth.erent they're about ten times softer and have surface pores where bacteria can multiply. polident kills 99.99% of odor-causing bacteria and helps dissolve stains. for a cleaner, fresher, brighter denture everyday. >>> genetic tests have confirmed that the mountain lion state of wild officials killed this week was the same mountain lion that attacked a 6- year-old on sunday. it did not have rabies. this follows another mountain lion spotting just before so:340

dry conditions expected for the rest of today. we are going to see a few clouds to start off on your wednesday. and then we're tracking this next system, which is going to transition closer to us. we have a cold front associated with this area of low pressure, so by the time we head into thursday at 4:00 p.m., we are going to be dealing with thunderstorms from reading stretching into allentown, then into the poconos. this entire area of low pressure will continue to track to the south. so, right along this i-95 corridor, trenton stretching into philadelphia, wilmington, all expected to see moderate, even heavy rainfall. you could see heavy downpours associated with some of these storms. and then as we head closer to your evening hours, by 9:00 p.m., right along the shore, that's when we're going to see our thunderstorms for atlantic city, closer to dover, and the southern parts of delaware before clearing out into your early-morning hours on friday. so, by the time you head to work on friday morning, things should be quiet. now, f

>> we're expecting it to show an economy that's slowing down, but still growing and still expected to maybe grow a bit faster in the future. so pretty much in line with the pmis that we saw earlier this month. >> all right. david, mroo david, please stay with us. david nowarski, senior director of research at roubini global economics. i want to know what you think, as well, about the health of the european economy. e-mails us worldwide@cnbc.com or tweet us, @cnbcwex. >>> after two terms in office, sweden's finance minutester has decided to leave politics following the center right government's election awl laws over the weekend. he was a prominent fixture throughout the cry sess. the country's center left party took a narrow lead in the parliamentary vote with the democrats doubling its support to 13%. now we're joined by andes borgue. thank you so much for taking the time to speak with us again. always a pleasure. why exactly are you leaving politics? you think there's a very important role for you either as the opposition or the party leader. >> well, i've decided to leave politics.

what are you expecting from this? >> and expecting to save a lot of time.eople don't have to pull their phone out of their purse. it takes over half an hour every day just taking it out of the holster. it saves us time. i like that. >> ball, do people want to wear a smart watch? >> i'm people, and i want to wear one. maybe i'm not people. -- i'm people, and i don't want to wear one. these, it'snt of really high. i have this elephant graveyard of abandoned wearable devices. them to my kids, i let my kids look at the latest mark watches and wear them. they abandon them in hours. it's not clear to me what the real killer app is in terms of driving people to say i want to put something on my wrist that i had largely abandoned in favor of another device. stuff gets consolidated, it doesn't get to come back again. >> this is a market where samsung already has the galaxy gear. the moto 360 was just unveiled. what does it mean for regular watches? e challenges to great something that people want to wear. watches have been a similar style. >> and i thing about a wat

as we head into rest of today, hot and humid conditions expected with later thunderstorms. our temperatures will range between 87 and 90 degrees. i'll time out those thunderstorms for you coming up in my full forecast. but right now, let's check in with jillian for a closer look at traffic. >> good morning. if you're heading out on 76, this is what's it's looking like another montgomery drive. quiet in both direction. drive time about 14, 15 minutes for the vine. the vine street expressway is quiet, so is the blue route. woodhaven road add millbrooke, no problems there. keep in mind, 422 eastbound, armand hammer boulevard on and off ramps closed until late november because of construction there. tracy. >> it is a solemn day across the country as america remembers 9/11. on this 13th anniversary of the attack, thousands of people are expected at ground zero in new york to reflect on that day and remember the heros who died. ceremonies will be held there later today. in shanksville, pennsylvania, the 40 passengers and crew who died while trying to take back flight 93 from the

we're expecting an upward vision next month. there was unemployment tick down, wages up 2.5%, but i think the overall feeling was this was somewhat of an anomaly and the markets don't seem to be taking it that seriously at this point. >> here's what shocked me. the knee jerk reaction, at least, was that futures traded higher. as that number hit, we had gone from looking at the dow futures down by about 40 points to them actually popping and trading positive at one point. that was in just a few minutes after the report was released. but does that tell you the market is happy because they think the feds will be longer off? it's that weird sort of bad news is good news again. >> i think the investors' muscle memory is exactly that, to say, okay, fine, if we were afraid of the fed to having to draw forward, it's sort of tightening calendar, i do think that was the first reflex. also, the bond market, i think, really was up for a test here. if there was a very strong number, i think a lot of people thought finally those bond yields w

existing home sales coming in for the month of august a lot lower than expected, missed the expectation. let's get to our floor show, traders at the new york stock exchange, the cme group and the nymex. all right, so if money is coming out of the alternative investment that is real estate, investors are backing off of buying real estate. are they putting money into the market? is that where the flow is? >> well, i think the flow was going to be going into financials and tech and things like that when the time comes. obviously, this is not the time. this is a very, very broad-based selloff that we're having here, and it's not surprising after the week we had last year. we were hitting new high after new high -- last year, last week. with the alibaba ipo topping it off, we had a strong week. so this is a little bit of a pause, i think. cheryl: okay. but, doreen, let's talk about it. you brought it up, i've got to ask you. all the hype on friday, down today more than $4. would you call this? i mean, come on. >> well, i don't think it's alibaba being down $4 as to the amount of stock that t

this area is expecting heat begin.bviously raising the fire danger so we wanted to pass that on to you. this is what you will have to contend with. the temperatures are pretty mild in the low to mid60s right now from san francisco and oakland and san jose and morgan hill. as we look at another perspective from our sfo camera, visibility is good right now. we are not seeing the low ceilings. tomorrow morning it could be a different story. 64 in fairfield and in livermore and here is a view from our exploratorium camera. do expect some fog for the morning commute which means watch out during the morning hours. a wide range of temperatures tomorrow and we are expecting it to turn warmer on friday. as you look at our fog forecast, it is going to be pretty foggy around the coast and near the bay. first thing in the morning the fog will pull away, but it will never quite leave the coast. we will go with a typical pattern tomorrow afternoon with the fog lingering and the inland and bayside communities will enjoy the sun and t