lisa a.: we heard about that, right? democrat. he worked for ted kennedy. cody keenan joins us now, from merck chief white house speechwriter for president obama. cody, thrilled to have you here for republicans and democrats how many people are in the room when you write a speech? cody: ideally one. tom: what is the reality? cody: the reality is that brian deese was the best person to work with. there are a lot of cooks in the kitchen. you have people sneaking off to bathrooms to try and get their peace in their. -- their piece in there. tom: it harks back to lincoln. what i remember is a better history, a better life. does joe biden have on equivalency, phrasing that harkens back to what you did for president obama? cody: the two have very different styles. joe -- i'm sorry, president biden -- tom: you can call him joe. cody: i liked that he used " blue-collar." the best parts of the speech were when he was talking about a son who had a father who fell on hard times, as a father who has lost a child. lisa a.: as a speech

lisa a: i enjoy this greatly. roupthink, there is so much groupthink now, otherwise shall he be a good -- mcfall, -- that there will be a big fall, i appreciate that. jonathan: you're going to love this tom. the ceo of bank of america said they moved to london and the wife so was the best thing about moving to london echo the wife replied paris. the best thing about 2023 about stocks is bonds. he puts that on this chart. i think michael hanh's tremendous. why don't you come on the show? best start since a portfolio -- best start to a portfolio since 1991. will that continue? barbara: it is coming off the back of a horrible year so there is likely to be done been reversion. you still have the fed acting somewhat aggressively. even though they have had somewhat of more data dependence, it seems they are convinced to raise rates to more times over the worst of this year. the bond market is pricing in a big slowdown in both by will say the inversion on the treasury curve, while it is a fantastic predictor for recession

tom: we had a relationship. lisa up the scriptural long time -- script for a long time. tom: it is not like the ads on bloomberg. we don't overdo it. jonathan: which ad? [laughter] tom: joining us now is someone who nailed the dynamic of hargett carbons downstream, upstream. stephen schork joins us now. thank you so much for being with us. i want a more general conversation. , right there is a massive bet on $100 barrel oil? jonathan: some are looking for triple digits. tom: stephen, it is not what you do. you don't try to guess the barrel. you look at the micro stuff. which valves are being turned in america. how do you react to the certitude of $100 a barrel oil? stephen: right now i'm not there quite yet through the first six months of this year. we do a lot of algo, a lot of quantitative modeling for price forecasting. for the third quarter coming into this -- for the first quarter coming into this year we had the meeting of our outputs on the high end at $91 a barrel. when we look to the start of summer, that ju

we are not taking a trade. lisas and how much more expensive it would be for companies to borrow. is it more the stability of rates where they are? the sense of predictability that gives a green light to invest? winnie: winnie: that's a good point. as companies try to manage the balance sheet they are focused on my access to capital. if i go to the new issue market on the wrong date, am i going to be severely punished? there were a lot of punitive days in the market. this year that has not been the case. it has been the opposite. issuers can be very much rewarded for it. jonathan: winnie cisar. we have seen about a year's return in a few weeks? lisa: why some people are getting uneasy. it's a higher-quality asset class that used the be is interesting. it shows the lag effect of the cash at the balance sheets and the strength of companies and how much better quality some of these left for dead companies were. perhaps in the 80's but not anymore. jonathan: triple b companies get downgraded to junk. lisa: i have a coup

lisa: a lot of people agree. there are some saying if you have any selling activity it is time to buy, but there is a question i have about how long you can get this sense of good growth is good for equities and also higher than is just fine. jonathan: do think the chairman of the federal reserve will say the disinflationary process has started? lisa: i have no clue. jonathan: him uttering those words encouraged a fair bit of this rally so far today, or at least validated it for a lot of people. here we are pushing back on that statement. lisa: i spent a chunk of time yesterday thinking we are hearing hawkish prognostications from nonmembers. tom: that is a real nuance. lisa: why is it that people do not have a seat at the table can be the true naysayers? tom: why can richard clarida say the things he says? there is an institutional responsibility to sing from the hymnal, to keep the ultimate fear, which is are we on anchored? they will not lift from 2%. everyone is saying what is it? 2.2%? 2.8%? jonathan: it is i

then we have a problem. lisathat we have a political issue, especially if you start to see more paying bleeding into markets. it is easily to theorize what happens when we get to that place. she always goes back to pain in the market. jonathan: chairman powell used that word itself, he said you can expect pain. if we do not get back to august were claims would be, i do not -- i'm not sure what i would have said. lisa: there's a big distinction between the softening and the pain. we are seeing the softening without the pain. it is a process. you can have what looks like a soft landing and that can turn into a hard landing. lisa: which is what i thought what carpenter had to say with morgan stanley had to say was so interesting. it is slowly and then all at once with the jobless claims with respect to the job creation. too much of tightening. jonathan: nobody has any idea what kind of like there is between rate hikes and what kind of damage it will do. tom: budweiser is of the premier league? is that true? jonathan

lisa: it was a standing place. jonathan: nice, lisa. thank you. ♪ girls...r bake sales. we need more ways of connecting with customers, fast. i know some consultants with great ideas. can they help us improve our digital experience? absolutely. they've invested over $2 billion in tech. that could really help us manage inventory. and save us a ton of dough. then let's take back our market share. checkmate, chess heads. girls, i said “bedtime”! jonathan: equities trying to bounce and doing that on the s&p 500. we look like this, equities .5% on the nasdaq 100, up almost one full percentage point. the nasdaq the fourth biggest waiting, and nvidia up by more than 10% now off the back of earnings. we will pick up on that later. in the bond market, the two year, 4.70, u.s. getting closer and closer to the closing high at this hiking cycle, going all the way back to 2007, we closed earlier this week at 72-ish, short of 3.95 on the 10-year maturity. tom: we are starving for data. this is a market of ambiguity and uncertainty, and we are all slaves to the data. 194 i

is it a good day to go outside? lisa: definitely. e chilly but those upper-level winds warming up some neighborhoods. you see that finger of fog over the golden gate ridge. low 40's in santa clara. palo alto, a good 12 degrees warmer. it was chilly this morning. 52 and half moon bay. santa rosa, livermore, 50 in napa. our temperature change already a little warmer in some spots but we will see those winds in the hills work that warmer air down to the surface. you can see by noon time, we've got some 60's out there. fog setting up along the coast five the afternoon. even near 70 but don't used to it. we are in february. gloria: i will enjoy this 60's and 70's today. now to the controversy on cap street in san francisco. our team of reporters have been covering issues related to sex workers in the area. on friday, new roadblocks were set up in an area to curb the amount of activity on the street. the question is is it working? as unser has sun tells us, it depends on who you ask. >> all day sat to find new ways around the roadblocks on

higher in the premarket, a 1.5%. lisa they are guiding lower and being ultraconservative in their forecast. then all of a sudden it's a positive surprise. that said i wonder how much people are looking purely at the inventory issue. they did pretty poorly last year compared to walmart and people might want to get ahead. there is a look for missing out. jonathan: the stock you mentioned. this year not like last year these names have really struggled particularly with goods. was it last may just the stock cratered. this morning we are up about 1.6%. tom: execution and the great big box, no one's focused on amazon. this story and that story of executing quicker delivery, executing the last -- it's a huge story. jonathan: who else do we get this week? i look forward to that. tom: as a child annmarie hordern would go up and down the escalators at macy's day after day. she's up on the eighth floor. annmarie hordern joins us now. our washington correspondent. on china as john says it just won't go away. do we have evidence or in

after a monster week of gains on crude, we pull back. lisa: big event is cpi tuesday and valentine's day where we find out who sent tom what. michelle bowman is speaking at a conference in orlando, florida. does she give some indication of what don't fight the fed means? the data has been coming in hotter than expected and you haven't seen that reflected in the one year yield and the expected terminal feds fund rate which is 5.2%. ecb governing councilmember is speaking at an event. what do you think will hereafter we got basically the opposite, upgrade to growth and downgrade to inflation. i thought this was interesting from europe with all of the gloom and doom. just to build on this discussion and whether we are seeing acceleration the aftermarket, we will get more earnings. i am curious how much we see this re-acceleration borne out by some of the projections of the very consumer facing companies, particularly real estate given consumer incentive is coming back. jonathan: joining us is the chief investment strategist at oppenheimer. wonde

lisa will tell me when we jump up and down a substantial amount. lisa: no. niversity and his work for the nation at the international monetary fund defies a description but this time it is different. a seminal book that is must-read and must own. "the curse of cash" which was out a number of years ago on this inflation day. there are things to talk about, but we will talk about crypto in a moment with the professor. thank you so much for joining us this morning. there are some people making news on inflation, one is a guy named summers which you have a nodding acquaintance with at cambridge. is the character of this inflation the shock disinflation pre-eisenhower and through the 50's? is it like the 60's, or is this a different inflation? >> i think the fed is clearly more alert than at an earlier time, on the other hand, i thanks as lisa and others have been saying, inflation is still here and the economy is still strong. they have to decide how to play it. one thing that people are not paying enough attention to is that when inflation comes down do not be s

this is a part of the offering. lisae they had too much cash and it was a liability but when does it cross into wanting the cash to attract deposits. jonathan: you are thinking that the toast is coming back? tom: you want a goldman sachs solution for your bank, give out toasters. $400 toasters. lisa: airpods. jonathan: airpods? toasters? people eat bread. lisa: i eat bread. [laughter] jonathan: poisonous stuff. looking at 106 early on. i know. 100 1033. tom brady doesn't eat bread, does he? lisa: aspiring to be tom brady? [laughter] jonathan: what greater man is there to aspire to be? lisa: i like bread, i'm sorry, i won't apologize for it, especially fresh and good. specific names that are moving this morning. bed, bath & beyond, downgraded to zero dollars from one dollar because they are a possibly careening into bankruptcy but they are coming up with a plan to have a financing situation to avoid chapter 11. shares are responding by dropping already .4%. baidu, this is really interesting, the american depositary receip

lisa: that's the question, right? a39. tom: we will continue with ed hyman, our annmarie hordern mint -- annmarie hordern didn't is in warsaw throughout the day. lisa: keeping you up to date with news from around the world, i'm lisa mateo. the release of the federal reserve minutes are likely to show how much support there is for larger interest rate hikes. wilmore officials consider a 50 point hike? the tone could hint at how policymakers are interpreting recent data on inflation. the european union cutting the natural gas demand this winter by 1/5, meaning a voluntary 15% goal to help survive the winter was met. finland saw the biggest drop. usage was cut by more than half. tesla is prioritizing battery sales reduction in the u.s. over germany because of the inflation reduction act including manufacturing tax breaks. fueling concerns that europe will fall behind in the race to attack production of electric vehicle components. china, authorities have urged state owned companies from using the four biggest international

the hot seller at the ecb have taken a differing view. lisayst notes before talking about the potential vulnerability of u.s. credit a central banks around the world raise rates. but talk about europe performing better even though it's contracted so much do you pushback on this, of the optimism about europe in light of how far the -- they will have to go? nicola: for sure we should expect middle potential growth may be a stagnant economy but monetary tightening will have an effect. it's possible we are going into a recession but i would say the recession will most likely be my old. household and corporate balance sheet are healthy and there is this cushion from excess savings and pent-up orders. so i think you want -- credit is ok but you definitely want to stay in the investment-grade space, stay in the safer areas of the market. i think you want to be careful with high yield and equities. partly because in the safer parts of the market you get juice that you did not have until not long ago. so stay in the safe space because the monetary tigh

friday you have a hint of where this may be going. it's lisa: we have a recension services sector and that was driven home on friday. anyway you cut it, jay powell does not have to walk this back. it is being walked back by the data. jonathan: the balloon getting five down on saturday. i live shot. tom: i was talking to my driver, -- jonathan: it was freezing. tom: yeah, i was talking to my driver and he thought it was a party balloon. i said there are three buses of metal. he said why didn't they shoot it down? they think it is around the world in 80 days. no. jonathan: our guests will join us in 20 minutes time. we're down .9 on the s&p 500, yields bouncing back. up 10 basis points, short of 4.40. tom: the 10 year in from the 30 year long ago, the two-year is sort of the easy way to watch the ebbs and flows of this as you try to have the confidence to stay in the bull market. jonathan: the continued --one .65. lisa: jay powell having to walk back what he did last week with a dovish readout when it comes to markets, perhaps not because the dat

thank you so much, lisa. aan watch all of our newscasts live and on the mind -- on demand come available in apple tv, google tv, amazon fire tv, and roku. download the diabetes can serve up a lot of questions, like, "what is your glucose?" and "can you have more carbs?" before you decide... with the freestyle libre 2 system know your glucose level and where it's headed. no fingersticks needed. manage your diabetes with more confidence. and lower your a1c. the number one doctor prescribed cgm. freestyle libre 2. try it for free at freestylelibre.us gloria: welcome back. here are the winning numbers from last night's powerball drawing, 10, 33, 30, 64, 65. the powerball number is 11. nobody picked all six numbers, so monday's jackpot is an estimated 45 million dollars that is a lot of money to the winning numbers from last night's $32 million super lotto plus drawing are 2, 12, 19, 34, and the mega number is 22 could nobody picked all six numbers in this drawing either, so wednesday's jackpot is an estimated $33 m

if you think it is a one to 3% move you can get 5% to 10% easier. lisarectionality and persistency of the rally that is the self-fulfilling aspect? peter: i think that it can make things extend a little bit. if we live in a world with the windshield wiper, looking who you can stop short or long, it makes the sense that you hit triggers higher and you keep pushing higher and higher and you get more exaggerated forces. the short bottoms out and then you switch back. the other thing it has really done is as a contrary and you are trying to figure out, what is the market positioning? you want to bet against that. market positioning changes on a dime. the ability to move huge amounts of risk through short dated options has changed that risk position. it took weeks. i think these happen in days now. lisa: what is your projection of how this plays out? we have seen cute narratives trying to pen off the heels of action. how does this play out with the boiling of the frog with higher rates to the front end? peter: i think we will see one down day were we go throu

states certainly have a lot of power. lisawe are talking about the debt ceiling and there is an issue whether this means reduced fiscal spending in general as well as a lack of a meeting of the minds. our people in washington surprise that kevin mccarthy has managed to stay in this position and -- as long as he has and continues to negotiate? annmarie: there hasn't been a big bow get on the debt ceiling and he only just had his first sit down with the resin so they are trying to find common ground. these two individuals are pretty magnetic and care about their future political careers in both can be punished if there was a default whether the republican party wants to consolidate power in congress. they both understand they need to get an agreement but kevin mccarthy is walking this tight line because he is beholden in some ways to the ultra right of his party who he was able to corral in the end to get elected speaker, but they have enough votes that if they don't like the negotiation tactics for the deal he can strike with t

one swallow does not a spring make. lisanderstand an uncertain economic moment as the world recovers from a pandemic. there is a larger question the fed has to deal with, which is what is the implication of looser financial conditions getting them further away of their goal? we have heard from a number of wonderful economists this morning, saying it doesn't matter because of all of the tightening from last year. do you agree? dr. hubbard: again i'm going to have to equivocate. nelda freeman taught us years ago about long and variable lags of monetary policy. there is reason to be cautious, as that news suggests. that said, there is a lot of momentum in the economy, and the way to tighten financial conditions is to tighten financial conditions. the fed still has more work to do. lisa: do you think this federal reserve should go above 5% and decidedly so? dr. hubbard: i do think so. tom: one final question here. we have a stream of news this morning. i just want you to talk to me about the return of the risk-free rate. you hav

a little calmer today. lisa: we are still seeing high elevation snow showers lingering but we are not done with the wintry weather throughout the weekend and early next week. live doppler 7 and still rain and snow mixed in the higher elevations of the north bay. taking you over to american canyon and vallejo, it is chilly. the rain will be on and off the next couple of hours verrilli sparse -- but really sparse. 41 novato look cloud cover hanging on today. cloudy skies with a ra afternoonw. we timeout your sunday system, a stronger monday system and more snow expected. liz: thank you. developing overnight, a large fire at a dock on lake berryessa in napa county. you can see the dramatic images of the dock engulfed in flames. calfire 12 houseboats. >> the crews tried to attack it from some other boats using pumps to suppress the fire. it is going to be a while before we can get a good grasp on the number of boats that burned. liz: this happened at markley cove. nobody was injured and no word on what may have caus

so you have to have a spine to stand up to all of that. >> lisa: if you lower the bar, what we have surgeonsery, pilots who can't fly. >> kennedy: the quality of outcomes leads to a lowering of standards, so we become a third world country. an innovation is the name of the game, you are absolutely right. want people to strive for the very best product or service so that we can all participate in that, it is capitalism is awesome. coming up, the nfl goes from kneeling in protest to kneeling in prayer, and aoc flips out over a christian group's ads during the super bowl, wait for it. it's next. ♪ ♪ my ameriprise advisor has helped me navigate uncertain times before, now is no different. with his advice, i'm confident i'm on track. the plan we created is for the long term. no wonder clients rate us 4.9 out of 5 in overall satisfaction. ameriprise financial. type 2 diabetes? discover the ozempic® tri-zone. in my ozempic® tri-zone, i lowered my a1c, cv risk, and lost some weight. in studies, the majority of people reached an a1c under 7 and maintained it. ozempic® lowers the risk of major cardiov

a beautiful but chilly start of the morning. we will chat with lisa we get liz: here is a live look at the golden gate bridge. a beautiful start to our saturday. oakland's revamped housing plan is getting the green light from the stay after they struck out the first time. the city is eligible for state funding and avoid potential limitations with other developments. open was to add 26,000 units over and year. -- over an oakland like many cities had its initial plan rejected. taking a live look from capitol hill this morning. there is still a little over a year away before the primary vote in california and any votes will be cast in the race to replace iconic senator dianne feinstein. those in the running are not wasting any time. is going to be a highly contested campaign. i sat down congressman adam schiff, one of the many high-profile democrats set to go for that coveted spot. he is branding himself as an experienced candidate who can get things done. >> i have my bar mitzvah at temple isaiah scioscia out there. reporter: you may represent los angel

: thank you, peter. >> steve: we should point out lisa boothe joins us today. >> lisa: what aay to be here. >> steve: presidents' day the president is out of town. >> lisa: there you go. so great to be with y guys. >> brian: almost a year ago we thought ukraine was going to be invaded we were told by all the experts it was going to last three days. he thought that zelenskyy was going to be like go handy of afghanistan and just take the money on hop on a choppy and be gone. remarkably conversational talked about that exchange and the bravery in which the ukrainians have fought and the utter definition of heroic. they have bombed over 600 hospitals and clinics. they are aiming for civilians, they're kidnapping children, taking them into russia, and adopting them into russian families. the horrific things the russians have done would make most nations cower, the ukrainians have stood up and are more determined than ever georgia would be absorbed. when they line up troops it will be to take poland. when they take poland we have no choice by treaty we have a to fight. to almost eve

lisa: a lot more to come.ay, this is winding down so the last bit of moisture moving through in the next couple of hours. live doppler picking up on the snow in the north bay, highway 29. central marin, pink indicating some sleet. lucas valley through greenbrae, american canyon through phoenicia. there is them mix from high the mix from highway 24. some snow mount haarr numbers w cover, lesystem through the morning. slippery roads. 9:00, very few showers and by 10:00 into noontime, we are seeing the skies clear, a mix of clouds and sun, only near 50. a stronger system moving in tomorrow. liz: from coast to coast, a winter storm is rolling across the country. heavy snow, bitter cold, and dangerous temperatures are expected. dari expected as a storm hits the east coast -- the west coast. >> this will bring blizzard conditions to southern california. daria: blizzard warnings in the sierra nevada and california mountain ranges, the road -- major roadways closed. drivers forced to make u-turns. >> it's pretty treac

the testers instructor demonstrates the scorpio position for her and they know a little, but lisa, a little bit of a test that struggled with ha, ha ha. so long i little behind us even when we run there. so open got so much a walk beside the letters out of the under the maga, but that wasn't again, linda and i say something lisa. and i say we got to go into with, well, the challenges of writing a lot, the theme for cole and both. i had the one with the model, but we saw that on get them back on the full but she's determined to keep going. but i'm on what the bookmark i like to like, get a read a book you like, like 23 year old camila road leon per box has spent almost a decade in this male domination industry. and my thought ammonia, but i like you like it. hello, mila brought up. thus you go, dounia you need well, knock on the locked door, but up on lunch, he oh, just the yoke, its own standalone someone you love. mother is, i'm yolanda long up. what i go to look on some other kind of a delegate, once the mug of the month, i think the la la la la la, like i thought, some political ot

a twitter meme. good morning. lisa: front on the way. this is live doppler seven. looking at the rain a couple hours away. morning downpours heavy at times. snow level at 2100 feet. temperatures in the 30's. i had frost on my windshield this morning. cooler than yesterday. a live look outside where it is quiet. looking for rain to begin next hour or two and then picking up with the gusty winds and linger. in some parts of the bay we will talk about the gusty winds. reggie: overnight, widespread damage in several states. jobina: at least a dozen people are hurt after the storm overnight. winds top 100 miles for our in the southern plains. nine tornadoes reported in kansas and oklahoma. the winds were so strong, an rv slammed up against the house. residents in norman, oklah described the enormity. >> all i heard was rattling. the door was going crazy. our front window and our third bedroom busted through and glass went flying through the hallway. it was scary. jobina: the storm headed to the east coast. heavy rain from the mid atlantic . boston could see six inches of

lisa, a little bit of a struggle with ha, ha ha ha ha, ha, ha ha. see when you, when they're open, got so much a walk beside the letters out of the under the naga, but that level india again and better. and i say, renee, something we saw a well, the challenge is brian, how does that old lot the theme and all that i had the one with the metal model. we saw that on get the mark on who she's determined to keep going on what the bookmark i'm gonna like to like a, a, a like a 23 year old camila road. leon per box has spent almost a decade in this male domination industry. am i am only nino, but i like you like it. hello, mila brought up. thus you go, dounia, you need well, knock on the law school, but up on lunch, he gallo just the yoke, its own standalone, someone you love money, the millo de along on what i go to look on some other kind of delegate, once the mug of the month i think the la la la la mark, i thought somebody to go out then the lesson lead is about the are among vanilla depends on milan. no news. princess tom said, tod camila is one of th

and they know that there were a little but the gold time that lisa a little bit of a struggle with ha ha ha ha ha. among a little behind us when we run there joe open. got so much a walk beside it matters. how does that do under the naga at that level? india? again, that is something that we saw a well the challenges of writing in without a lot the theme for oh, i'm both. i had the one with the metal model on that bus, on get them back on. but she's determined to keep going on with a bookmark. i'm gonna like to like get a somebody get there with a be like 23 year old camila road, newly on a per box has spent almost a decade in this male domination industry. and my thought about i like you like it . hello mila. but i had a plastic underneath the unit for mac, unlocked the door, but up on the lunch he said, oh, just the yoke, its own standalone someone you love. mother the me load along of what i go to look on. so my little confir delegate, once the mug of the month, i think the la la la la la monica. i booked somebody take a lot of them. it wasn't, it is about the our mom again meal i

lisa: 's hope it is safe to say no then. [laughter] >> sean: there is no check factors and he's a boldfaced liar. >> lisa: coming up more on thatmuggling at the border. a record number of drug seizures. there are growing questions about border czar kamala harris put in place to fix this. na ♪ ♪nc reach them with confidence. the markets may fluctuate but you're still on track. more than 9 out of 10 clients are likely to recommend us. ameriprise financial. for back pain, i've always been a take two and call in the morning guy. but my new doctor recommended salonpas. without another pill upsetting my stomach, i get powerful, effective and safe relief. salonpas. it's good medicine. why give your family just ordinary eggs when they can enjoy the best? eggland's best. the only eggs with more fresh and delicious taste. plus, superior nutrition. because the way we care is anything but ordinary. ♪ ♪ ♪ >> harris: we are getting dramatic new footage from the southern border. fox news captured this exclusive video with texas troopers in a pursuit which lead to illegal immigrants jumping out of a human smuggler's vehicle and then running fr

a check of the forecast. we are tracking potential rain on the way. lisas that will be weak to start out, but i think one of them will get kind of strong as we round out the month. but cold air usually not holding a lot of moisture is to come first. we will break it down for you. here is a look at the doppler. we see the clouds floating through. the valleys, upper 30's from antioch to pittsburgh. breezy in pleasanton. 42 on top of mount diablo. the air draining into the valleys, and we have temperatures very cold, patchy frost out there, but not as cold as yesterday. up by a few degrees. already one in san carlos. but down the road, 34. a nice look here. mild days, chilly mornings today and into presidents' day, turning windy for tuesday. some showers along the shoreline. into wednesday, we will see more widespread rain taking us through thursday. the cold and rainy days look to linger throughout the week, and potentially as we get into next week, which ends. february and begins march there is our sunny sunday. partly cloudy monday, noontime, then as we ge

we will have a look at your forecast with lisa argen in just a bit.ations are back to normal for an energy infrastructure company, after a leak was detected in one of the gas line pipelines. the leak prompted the governor to declare a state of emergency. it led to drivers in nevada pulling into gas stations out of fear over the weekend. the pipeline in southern california provides fuel storage facilities with unleaded and diesel fuel. landlords and property owners in san francisco are not happy with the city's tax on empty homes. several of them are suing the city and argue that proposition m is unconstitutional. the tax kicks in after unit is left vacant 182 days in a year. it applies to buildings with more than three units, excluding duplexes. -- including duplexes. people who support the measure say they should help alleviate the housing crisis, but others argue that it violates the clause in the fifth amendment. one san francisco community is trying to prevent the city from removing some benches in the neighborhood. >> i think people being able to

lisa desjardins explains how she got here. >> it's time for a new generation of leadership. with a three minute video, former south carolina governor nikki haley launched a long-speculated bid for the white house. the former u.n. ambassador diplomatically but clearly sought contrast with her former boss and now primary opponent, donald trump. >> republicans have lost the popular vote in seven of the last eight presidential elections. that has to change. lisa: the daughter of indian immigrants, haley made history in 2010 as the first woman and first person of color elected governor in the palmetto state. she led it following the massacre at the historic african american mother emanuel church in 2015. a white supremacist killed nine black parishioners. >> you are going to see all of us try to lift these nine families up in prayer. lisa: reversinher position, haley then pushed through the removal of the confederate flag from state capitol grounds. >> the confederate flag is coming off the grounds of the south carolina state house. lisa: now a national name, haley backed a florid

lisa, it is rainy, but people will have a great time at these events. lisa: yeah, it is winter time, and particularly his sierra snowpack, we will talk about the timing and how much rain you can expect, snow levels, a lot of snow in the mountains and a bit of a dry spot. the accuweather 7-day forecast is next. liz: all right, lisa, thank you. also ahead, a temporary halt in ohio. why there has been a pause in the waste removal of a train in east palestine. budget discussions continue in one district as teachers demand higher pay. before the xfinity 10g network we didn't have internet that let us play all at once. every device? in every room? why are you up here? with speeds like this, i can't even dream of what he'll be able to do. get xfinity internet for just $25 a month with no annual contract during our limited time launch celebration. you have no idea how good you've got it. huh? what a time to be alive. introducing the next- generation 10g network. only from xfinity. liz: new developments in ohio. environmental regulators have ordered a pause in th

and even with the rain, it is the perfect food to eat on a day like this. lisare, maybe we will have to go. there is a look at the scattered showers out there. light to moderate showers developing. maybe a half-inch in the wettest locations. the next system is a stronger, colder, windier one for monday. tuesday, we are still in it and then we dry out late wednesday into thursday. liz: grabbed the clam chowder, get your rain jacket and umbrella. have a great day, everyone. think for joining us. i'm liz along with lisa. abc 7 news continues at 5:00 p.m.. have your morning could hit a wall. that's not the door. i got it! belvita breakfast biscuits are baked with slow-release carbs and provides steady morning energy to help you rise and thrive. >> announcer: this is espn on abc. >>> we have got a star-studded double-header coming your way on abc this afternoon, including that man, chris paul. is this his last best chance to finally win a championship with his phoenix suns? we ask of course, because of the addition of his new star teammate kevin durant. we haven't se

we are talking more rain today and a little bit of snow in the higher elevations. lisa: the snow levels will be lowering. today is the first system. you can see scattered showers pushing through the bay area. go to the north and you can see highway 29, a light shower in san rafael, mill valle pescadero, west of 280, some showers in the santa cruz mounds, so you can see snow around mount hamilton. this is a level one system come anywhere from -- anywhere around a half-inch of rain today. we will see some sun later on with onshore winds, temps keeping them in the mid 40's. so the plan throughout the day, scattered showers increasing through 9:00 a.m. then it will clear out in the north bay. and we will talk about another system getting ready, a stronger one, the come on monday. liz: mount diablo is still covered in snow. many people have been going to check out the beauty of it, but if you hope to play in it the entrance gates are closed. conditions come from that rare snowfall that hit the bay area on friday. as lisa mentioned, the rain is another concern on top of the a

lisa: a groundswell from conservatives and republicans.they see this as an opportunity politically but they also think the president should have acted sooner, should have directed the military to take this down more quickly. they question whether there was a hazard. they say surely there was a space over the united states where it could have been safely done. they are starting to define how they will go after president biden for his expected reelection bid. mitch mcconnell said the biden administration reacted at first to indecisively, then too late. they are going to cast him as someone who is weak and indecisive. there are not as many democrats supporting his move overtly, but it's the weekend, we will have to see. some say we are glad he got it done. john: the dance of the debt ceiling has begun. the first big test for the retionship between the president and the house republicans. >> i love that, dance of the debt ceiling. it is early. there are some positives in that the president and speaker mccarthy are saying they are talking respe

this is not a one shot down. lisa: this is a difficult moment for chair powell and he is navigating it by not using the market as a tool to manipulate into a place. that is a shift in tone. he could have come out and said the market has got it wrong, they were not listening. the fact that he didn't was viewed as dovish. ecb a report on for brewery 14, a very important report to give a sense of inflation, people understand how much is good inflation at how much you are starting to see services. we saw the services pmi's that came in much stronger than people expected, rebounding in the prior month's reading. i don't know if we are going to necessarily see that. he could have pushed back and that is a takeaway. the labor market is clearly tight. kriti: i have to ask specifically about what he is not talking about. he mentioned the commodity pressures as something a lot of people are saying is going to come back down because the supply chain issues that drove it higher are not as intense as they were in 2021. is he missi

menendez: across our nation, fentanyl is driving a surge of deaths. lisa foreign relations committee taking on a crisis that claims more than 70,000 american lives every year. and it's deepening. sen. menendez: this is a crisis we cannot solve just within our borders. lisa: top officials across the federal government testified and were at times grilled on the biden administration's handling of fentanyl trafficking and sales in the u.s., which all agreed pose an unprecedented threat. anne: it is the deadliest drug threat our country has ever faced. rahul: this is a new era of drug trafficking, and it requires a new era of drug policy. lisa: officials outlined the dominant international supply chain. chemicals mass-producein china are sent to mexico, where cartels make them into fentanyl powder and press out drugs that often look like prescription pills. those then flow into the united states for sale. senators challenged federal policy at each step of that chain. ambassador todd robinson, an assistant secretary for the narcotics bureau at the state departme

tune in at 4:30 this afternoon. >> i should have a morning show! >> lisaeep talking, piers. >> i'm glad we all reach an agreement. [laughter] >> brian: he's coming on a little bit later, and he's on "uncensored," of course. >> and your show. i am warming up. >> brian: thank you. coming up straight ahead, more evidence of inflation's impact on the country. one small kentucky town has not one, not two, but six local dollar stores. >> steve: first, a live report on the ground in ukraine after president biden's surprise visit. that's coming up next, live from kyiv. what the? good morning hallow makes it easy to build a daily habit of prayer and meditation want to start with a five minute daily gospel? sure. take a deep breath and focus your attention on god in the name of the father, mother, son to the holy spirit. amen. the virus that causes shingles is sleeping... in 99% of people over 50. it's lying dormant, waiting... and could reactivate. shingles strikes as a painful, blistering rash that can last for weeks. and it could wake at any time. think you're no

schuchman shed receive the refund for the 2 of you pretty excited to implement reform decided to full lisa, a process where this needed to figure it out with a member who's going to need both help me hall also said ukraine is the e u, the e u is ukraine. nice word salad, which doesn't seem to mean much. wenzel in cities, appetite is for nothing less than the meat and potatoes of e u integration u. s. state secretary antony blink, and has cancelled his upcoming trip to china. well, that's off to a huge chinese balloon which page and called a weather surveillance at craft was 1st spotted floating near the aleutian islands and then again st. hovering, a nuclear science in the us state of montana. the american state department is referred to the incident as a violation of its sovereignty. we have noted the people's republic of china statement of regret, but the presence of this balloon in our air space is a clear violation of our sovereignty as well as international law. and is an acceptable that this has occurred. the u. s. insists the ad craft is a surveillance balloon, despite china saying it'

lisa, it is 9:09 and it was a chilly start to this morning. lisa: it was. these pictures are so pretty in santa cruz. it was 63 yesterday, about the same today. we will keep the numbers coming up just a little bit through the holiday. things will take a nosedive. i will explain next. liz: the search for survivors in turkey and syria continues. the latest update as the body of a famous soccer star was found. and where you can fin meet a future mom, a first-time mom and a seasoned pro. this mom's one step closer to their new mini-van! yeah, you'll get used to it. this mom's depositing money with tools on-hand. cha ching. and this mom, well, she's setting an appointment here, so her son can get set up there and start his own financial journey. that's because these moms all have chase. smart bankers. convenient tools. one bank with the power of both. chase. make more of what's yours. liz: new developments in the earthquake of turkey and syria. they have uncovered the body of an international soccer player under a collapsed building. he played for including chels

i have a couple we are illuminating. pretty cool. lisakly, how do you balance taxes, surplus and the fact that there could be a recession coming? gov. sununu: my job is to be sure we are the last ones in the recession and the first one out. you focus on the economy. folks are building, major investments and manufacturing and all those things. when the recession does come, if the job market takes a hit, is a speedbump. you're going to see housing prices plummet. which they should. they have gone up 35%. those of got to come down about 15%. get ready for that and the housing market will stagnate everything. we are investing a lot in construction. by being attractive to business, being a place people want to be, businesses make tight decisions. we want to be for the long run. especially in the northeast. i'm the tax-free suburb of boston. on election day, the new governor of massachusetts, charlie and i were great friends, there is a new millionaires tax out of massachusetts. and for the next week my phone was ringing off the hook. executive

direction of the front in the east of ukraine mid-july rocket attack on vinnytsia killed four-year-old lisa, ang to class with her mother at that very time an international conference was held in gaza at which they discussed how to hold russia accountable, such news only convinces us more strongly of the need for retribution in august ukraine and the world talked about crimea first novofedorivka village and saki airfield furniture yevpatoria sevastopol and eventually kerch here is cut off later all these events will be united into one sloj residents rejoice rhymes in september ukrainian defenders launched a counteroffensive in kharkiv oblast raisins balaklia kupyansk on the front pages of the western press but after the deoccupation ukraine and the world cursed with horror and regular evidence of russian crimes and we want the world to know what is really happening and what the russian occupation of buch mariupol led to. unfortunately, it is now the capital of ukraine , which the russians planned to take in three days, but suffocated from the first, but in october, kyiv experiences a whole ser

saw a lot of people in tahoe. lisa: more snow on the way. just ahead heck of a ski trip troubles. how big of a friends say they got the cold shoulder after they did not get hot water during hi, i'm john and i'm from dallas, texas. my wife's name is joy. we've been married 45 years. i'm taking a two-year business course. i've been studying a lot. i've been producing and directing for over 50 years. it's a very detailed thing and the pressure's all on me. i noticed i really wasn't quite as sharp as i was. my boss told me about prevagen and i started taking it. i feel sharper. my memory's a lot better. it just works. prevagen. at stores everywhere without a prescription. liz: the president of bart , janice lee, says she was harassed at a bus stop and called racial names. she shared the incident on twitter, saying she believes teen boys were throwing gummy candy at her. she confronted them to stop, and that is when she says they called her offensive names and through more -- threw more at her. she said she did not call 91 because while she feels

things still looking dark but a beautiful shot of the bay bridge. lisagoing to have your forecast in a few minutes. known as a passionate artist. forecast in a few minutes. ♪ known for loving the outdoors. known for getting everyone together. no one wants to be known for cancer, but a treatment can be. keytruda is known to treat cancer. fda-approved for 16 types of cancer, including certain early-stage cancers. one of those cancers is triple-negative breast cancer. keytruda may be used with chemotherapy medicines as treatment before surgery and then continued alone after surgery when you have early-stage breast cancer and are at high risk of it coming back. keytruda can cause your immune system to attack healthy parts of your body during or after treatment. this may be severe and lead to death. see your doctor right away if you have cough, shortness of breath, chest pain, diarrhea, severe stomach pain, severe nausea or vomiting, headache, light sensitivity, eye problems, irregular heartbeat, extreme tiredness, constipation, dizziness or fainting, changes

what would it take to get you to change a price target to $140? lisa a couple of things. one, a big recovery outside the u.s.. paypal's ex u.s. business has been practically flat for most of 2022 because of weakness in areas like u.k. and china. china reopening should help. we would have to say big boost, then more definitive evidence that they are holding their ground relative to apple pay in the u.s., those are the two areas. there in the midst of a number of leadership changes at the top, they brought in a new head of product earlier this year. we would like to see some reinvigoration on the technology side, feature functionality rollouts coming in at a faster pace from paypal. jon: really helpful context, thank you for your time. lisa ellis of moffettnathanson, we will be watching paypal numbers tonight. coming up, paypal is not the only company cutting costs. canopy growth announcing a huge cut to its workforce, we will dive deeper into that story. this is bloomberg. ♪ lomita feed is 101 years old. when covid hit, we had some challenges. i heard a

lisa: a chilly morning, mild temperatures this afternoon. na: clear commute this morning, a live picture from the san mateo bridge, no advisors for the commute. kumasi: the california public utilities commission will be meeting today to discuss the spike in natural gas prices and ways to bring down the cost. governor newsom is calling for federal investigation into the high prices. microsoft holding a major event today. they are expected to detail plans for bringing chat gpt and the search engine being together. that included a larger search box for chatting to get answers. they are calling this the new being -- bing. this came just after google rolled out their new program, barred. they can pass a law school exams and write essays. it is designed to explain complex subjects and provide information like party planning tips. google is planning to hold a event tomorrow. reggie: may the best chat lot when. and consumers are looking -- are worried about scams on facebook marketplace with incidents turning violent. >> consumer warning when using f

thank you. >> lisa: back in 1776 we did make a good decision. >> greg: exactly. >> lisa: to me, i love, comedians, they are what is going to rip the woke agenda apart, like the whole victim hood and it's very hard to come back from being lambasted by south park. the only person who has done it is tom cruz >> kat: what about snooki, the most successful reality tv star. have you seen her home? people don't like snooki >> kat: i do. >> greg: i know you do >> kat: sorry really bummed you guys out just by reminding you snooki exists. >> greg: speaking of snooki, you know, jimmy, you're our snooki >> kat: yes, that's true. you are. well, you wish, but --. >> jimmy: i have been punched in the face at the jersey shore quite a few times if you follow that. >> greg: dos that explain why your face is so mall i can't believe. >> jimmy: right now i'm so tan i look like a talking ham right now. this looks like a product placement for honey baked ham. >> greg: i like how you say you look like this right now. >> jimmy: other times i look like other cold cuts. >> greg: we forget, there was a woke agend

i looked like a rat. lisaunfortunately but we are getting to the end of that so we have a break to look forward to, although temperatures are below average when we get into a dryer wednesday and here is the wet tuesday. live doppler 7, light rain and a few pockets of moderate rain and the rain snow mix. light rain through napa and right here around hercules, sears point, a little heavier swath of letters showers through -- let your showers through san francisco. -- lighter francisco. the temperature on top of mount diablo, 37 degrees and you can see the breezy camera, san francisco 44 downtown and 44 half moon bay. the breezy wins and southwinds from 37 miles an hour, the gusts there from oakland and if you get to have your downpour, slight chance for thunderstorm and it will be slick and we will take you through about 9:00 and you can see the pockets from the north bay to the south they over into the valley there a by the end of the afternoon, some heavier rain and the air mass through downtown. once it moves