the overnight lows will be closer to 60 and mid to upper 50's.ttest day arriving tuesday and he lingers into wednesday. looking at slightly cooler weather at the end of the week. we will take that with a grain of salt. >> thank you. later this morning, thea's try to snap a seven game losing streak. the first pages at 11:10. the dais tried to sweep the pirates. last night, the ballpark was full of nostalgia as the giants held a special reunion. the highlight of that in this morning's sports. >> has a giant honoring the 2012 world series champions. they won six elimination games en route to a second title where they fought the tigers to win the 2012 title. ryan vocal song, a piece the whole season -- vogelsong a beast the whole season. >> ready for two innings. [applause] >> you were the winning pitcher! >> three pages. -- pitches. [applause] >> that is great, given their recent belief in a low, so may want to pick him up on that offer. the first pitch ceremonial and he threw a strike, as for the game, facing the parts and a leadoff double, the nex

his numbers are low., laura's numbers are low. he has been enjoying a week of bad news on russia, on a rock, on inflation, on gas prices going down, on negotiating the budget. biden has been having one of his best weeks, so this will mitigate some of the pain that he will suffer at the midterms. >> republicans are already airing ads. >> $300 billion are devoted to climate change. some of them are incentives to get you to go green. there are home rebates for solar and for buying electric appliances. >>> a desperate plea tonight for the mother of a missing teenager. the desperate search underway to bring her home. >>> and will show you the moments as the music festival went out with a bang. >>> the return of >>> new video tonight of a brazen smash and grab. new york city police looking for four men who stole more than $2 million worth of jewelry. it happened right there in broad daylight on friday at a store in the bronx. one man was buzzed into a jewelry store. he then props the door open to let three other men into the store, and

or extremely low income. the proposed rule implementing the income tax was simply unworkable and some of the interest has chilled but there are some positive steps forward and we are grateful to you and the others that signed on to urge the treasury to focus on this particular area. >> i hope they will keep pushing. i'm conscious of my colleagues so i will submit a question on homelessness for the record and healed. i think my colleague and we've been working together on these issues. senator warner and senator cantwell works very closely. thank you to the witnesses today for joining us. as the chair of the committee. the homeownership is increasingly out of reach for far too many families. i'm glad that what senator wyden and senators are doing to schedule the hearing to work on this. i partnered on the tax credit to make sure that extremely low income renters don't have to pay more than 30% of their income towards housing and what happens in families like that everything is upside down when they are evicted

his numbers are low., laura's numbers are low. he has been enjoying a week of bad news on russia, on a rock, on inflation, on gas prices going down, on negotiating the budget. biden has been having one of his best weeks, so this will mitigate some of the pain that he will suffer at the midterms. >> republicans are already airing ads. >> $300 billion are devoted to climate change. some of them are incentives to get you to go green. there are home rebates for solar and for buying electric appliances. >>> a desperate plea tonight for the mother of a missing teenager. the desperate search underway to bring her home. >>> and will show you the moments as the music festival went out with a bang. went out with a bang. >>> the return of ♪ do you want some more? wait till you see me on the downhill. see you at home. enjoy advanced safety at the lexus golden opportunity sales event. ♪ do you want some more? wait till you see me on the downhill. see you at home. enjoy advanced safety at the lexus golden opportunity sales event. >>> new video

because there was that june low. who says that the june low is the carved in stone that we are moving off the fibonacci is? that is the beauty of fibonacci's. you look back to see where you get that retracement. right now you get that retracement at 4231 all the way up to let's call it 4350. that should be the cell zone. so, whether or not it retests the lows were not remains to be seen. we had what they perceived to be a great cpi number, which maybe is peak inflation. midterm elections. i know they are not a political agency or sect of the government. they're supposed to be standalone, but he doesn't want to screw that up for democrats, so maybe you see a 50 basis point raised versus a 75, and that will be enough to keep the market on track. >> you are positing that the fed is going to make rate hikes political? >> i don't think they're going to make rate hikes political. i'm saying if you don't know -- i think that if he is on the fence -- first of all, i am no fan of the fed and no enemy of the fed. i am agnostic

for most of the big tech stocks, apple is only 5% for a new low microsoft only about 15% from a new low. as i said, broad rally for the overall markets. back to you. >> bob, thank you very much. our bob pisani e even if we aren't in a recession right now you still have to be careful in this market says my next guest who is looking at less well known names that can add value to your portfolio, manager at essex investment management. what stock makes you most upset right now when people talk about getting in or there is debate raging and you just think this is kind of beside the point? >> well, there's quite a range of them. i think in general what we've seen not just on individual stocks but in the market at all is this level of extreme behavior either it's an apocalypse the end of the world going into a deep recession, or everything is great. i think we've seen that in a lot of stocks that bounced back more sharply and also now in energy where we had the worst one-month performance in energy year to date what we try to do is take a little more of a middle of the road approach. find comp

some low rider swagg.sion is just 20 bucks and kids get in free. so. >> low rider. thank you. you want me to do it? don't you know? >> no raf or you want to scale bite. >> you want me to say because these bites could actually be dangerous were taken to the contra costa county. there's a new version of mosquito that you want to stay away from and the strike at kaiser today and read a 4 and it could affect you if you're going to the hospital and have an appointment today. lowe's has what you need to protect and brighten your home. with exterior stains by cabot and paint from hgtv home by sherwin-williams. save at lowe's today. we changed our fries to make 'em hot & crispy every single time. high-fryve! and every single time, toby insists we “high fryve.” high-fryve? high-fryve. high-fryve!! it'll catch on. right?! try wendy's hot & crispy fries! preferred almost 2:1 over mcdonald's. californians have a choice between two initiatives on sports betting. prop 27 generates hundreds of millions every year to perm

but they are nearing record. lowes here in cologne. are set to possibly break the 2018 record low so, so the water is really coming down here and this is a major problem for ships trying to move up and down the ryan at now. shipping it, it moves, most of germany's goods are up and down this river. and when the water is below one and a half meters, those ships cannot move. and that is the case in some parts of the river right now . so ships are having to offload cargo down to 25 percent even of what they were meant to carry. and this is leading to delays and shipping, and that's leading to higher costs. and unfortunately, forecast right now for this water coming up at all, i don't look likely in the near future. now, normally the water levels only begin to sink around this time of year. what has caused the river to dry up to this extent already now? well, we've had very little rain in recent weeks and prolonged periods of high temperatures . and so this has led to the water levels dropping. as you said, usually the high point comes in o

low riders. they are iconic cars there brought very low to the ground and they are part of the next week. i know culture. but more than 4 decades ago, police would target these cars and often associate the people riding them with gang members. the low riders faced a lot of racial injustice and that's when the san francisco low rider council was formed to fight against it to today. the event will display the cars here in the embarcadero to highlight the culture. there's also going to be food vendors as well as raffle prizes, arts and craft vendors. the event starts with the low rider car show and hopping contest. it will end in the mission district after the low riders have cruised through the city. now at the event you can also get covid testing and free covid booster shots. there will also be information about the growing monkeypox outbreaks. now it all starts here at 09:00am like i said at pier 30 at 32 at the parking lots. the low riders will crews all the way to mission street. and that start

oil needs to stay low. now i like the odds on this.e what feels like a war. we have china not using as much because their economy is full. we have u.s. pumping 12 million a day. even without demand and destruction, oil would stay down. throw in a mandate and it goes lower. $80, maybe lower. if we had more refining capacity, we'd have lower prices. we're told the future of this nation is electric vehicles. we need food lower. this has gong in the right direction. may not feel like it this weekend. most are down huge from highs. i wouldn't be surprised to see price wars at the supermarket as big grocery chains push their products. the store brands carry much higher margins than merchandise. that trade is for real. it's going to help keep costs under control. i'm optimistic about food inflation over the next three months. we'll listen to euro friday. this is wages and this is a real toughy. the big processor, it's telling you that it is incredibly strong. even the irs is tens of thousands of new employees taking them away from the private

and some scattered low clouds here with the 70's on the way, 57 in napa with low 60's in concord and. through the evening, we were clear in the north bay. that is why the temperatures dropped so much but now fog is back. it is the same story into the east bay but not as dramatic. summertime pattern, near average temperatures, a little change through tuesday. warmer days inland for sure, but that warmth moving across the bay. we will see areas like fremont warm up toward wednesday, thursday, and friday. 80's come back into play, unusual for one country to be barely at 80 but we have warmer numbers out the door. for wednesday, it is comfortable. thursday, lower 90's by the delta. looking at your friday forecast, still staying to the east of us as this area of low pressure pivots to the north but still low clouds and fog dictate the temperature spread with the afternoon sea breeze and good air quality. the sun coming up by about noon, with us through 4:00 p.m. and then fog comes back. it is breezy in the south bay. we are shy of average. peninsula numbers, upper 70's. you will need the

spencer: overnight low temperatures -- if these are low temperatures, they are mild, low to mid 60's. indicate we will have a warm day coming our way. high temperatures today around 67 degrees in half moon bay, 71 in the city, 76 in the north bay. 84 to 88 from napa to santa rosa. san jose will top out at 83 degrees. for the rest of the morning hours, low clouds disappearing and patchy drizzle ending, as well. sunny skies by midday. that will take us into the nighttime hours when we would get a return on the fog and drizzle. high temperatures through the weekend, nice and mild and summerlike. reggie: turning to our drought. governor newsom is set to announce a new water supply strategy. he will be in contra costa county to provide details about the plan. ryan curry is live in lafayette with more on what we can expect. ryan: the governor is expected to talk about how climate change has affected the current drought situation, leading to hotter and drier conditions as we have seen far too many times this year. he is expected to talk about new leadership taking over the state's infrastruc

lowe's and target. lowe's up about 3% target off about 2%.ext take a look the a futures. "squawk box" coming right back after this welcome to your world. your why. what drives you? what do you want to leave behind? what do you want to give back? what do you want to be remembered for? that's your why. it's your purpose, and we will work with you every step of the way to achieve it. at pnc private bank, we'll help you take care of the how. so tell us - what's your why? ♪♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> good morning the dow making it five in a row now. the market's winning streak rolling on but fighting to keep it going today. futures are facing pressure ahead of the open. target and lowe's reporting this morning. we'll run you through the numbers and talk about the retail landscape and keeping on that retail th

we are in the low 50's in the low 50's of the north bay. the fog will advance.egrees warmer than yesterday this hour. by friday we've got the 90's in the end, even thursday, upper 70's along bay. as we get into saturday, temperatures look to stay on the warm side, about five degrees warmer than where we have been. that is because the low is drifting away. the highest building in and it is allowing temperatures to come up to near average or warmer in our inland valley. we have a few more days of this pattern with temperatures in the mid and upper 60's, patchy fog at the coast. the afternoon sea breeze after 30 miles per hour. 70's around the bay and low to mid 80's inland. a lot of sunshine even if it posted we will keep this pattern for another day or two before the warm up. you should feel it through the end of the weekend the weekend. jobina: we will start with a live look at the oakland camera showing you our 880 at the coliseum exit. headlights traveling southbound. we have some alerts for the but he. a live look showing you 101. you know where everything is

mild lows to cool lows are a few cool, but most of them in the upper fifties low sixties.e nice again. we're in the 51 santa rosa, but 54 lower lake napa airport, 57 that a lot of fifties although sunnyvale palo alto in san carlos are in the mid fifties, there woodside's down to 51, but belmont san mateo foster city sixties look at the warmer temps there at montara and pillar point, so those warmer ocean temps make a huge difference on the coast and also in the city. they don't cool off as much so they start off warmer, which means they end up a little warmer as well. keep for us for the next three days is that low? as we say, wobble slowly and then all of a sudden it will do this. it'll go lift northward. after that the high will start to build in a little bit, but really not until about thursday. so this plays into our weather, and it's really not changing all that much so good morning. low clouds cool to mild. coast and bay. but really, it's on the warm side. temperatures are below average inland. if you're heading to the mountains, there is a few pop up showers. not a

the single biggest rally off those lows comes from mercado libre.y the way, the rest of those 14 stocks on my twitter feed. >> i just tweeted it out, dom. thanks for joining us. >> and thanks for watching "power lunch." >> "closing bell" -- >> starts right now. >>> stocks pulling back sharply as a new trading week gets under way. we are sitting at session lows the most important hour of trading starts now welcome to "closing bell." i'm mike santoli in for sara eisen. let's get straight to today's sell-off down more than 2% on all the major averages the s&p 500, if you look at the year-to-date chart, obviously a very aggressive rally off the june lows really accelerated in july it's folded back on itself and here's the area that we were all last week pointing out a normal pullback would get you down here that would show you tha

mornings in the low 40s.shine and highs reaching into the low 80s, and it will be a nice quiet weekend there, we'll make it back to the bay area to some cooler temperatures as well. we'll get a look at our weekend forecast. mike, you're taking a second look ahead. >> you should always look aheaden othe roadway but looking at timing issues that might affect you. we're tracking this debris and so there may be potential for a traffic break for eastbound 580 around 35th, but we know for sure also this will have some folks heading here for their friday, a little game after work, 6:40 at the oakland coliseum. the arena and coliseum is here but the traffic flow may slow this stretch of the nimitz. no major problems expected but the volume will increase. looking over here niles canyon boulevard will be closed they said saturday morning but what they really mean is a.m. from 12:01 until noon. the 12-hour stretch a portion closed and niles boulevard closed on sunday because there's an antique fair going on as well so c

low 60s now to start the morning.oing to be noticeably cooler for inland locations. that number over there on the far edge of the screen at 84 had spent much of the last week in the mid-90ss and yesterday was the mid-1 the 0s for inland locations so you're going down ten degrees from one day to the next. i'll show you everybody's number coming up in the complete forecast in a bit. we'll call y'all out, but it will be mid-70s in the bay with plenty of clouds hanging out. 84 concord and 86 livermore today and 78 in saffie rose, a. how is this for early august. we'll get a nice flow of cool air coming through the petaluma gap. we'll keep the temperatures inline. i'll see what the first alert full forecast is in just a few minutes, guys. >> darren, thanks. i'm looking forward hearing more about this cooldown. time now for a look at this morning's top stories. a fiery crash at a southern california intersection left six people dead. it happeneded a about 2:00 p.m. yesterday in windsor hills near los angeles. the chp says a

those low clouds will be ongoing.peratures may be clamming up a little bit in san francisco wednesday and thursday. and yes, the valleys will have a chance, maybe, to have some 90s thursday and friday down towards the county and tri- valley. he could be in two days of low to mid 90s but then cooling as we head toward's next week. no long heat waves, and even the heat that we do get around here is just in the low 90s and good air quality too. >> maybe some people enjoy? >> yes. speaking of weather, this is not what you picture when you think of death valley. look at this update after floods leave the park with hundreds of ♪♪ leave the park with hundreds of visitors stranded. a new chevy is the smart way to hit the open road this summer. the smart way to road trip, and seek new adventures. go a little farther this summer in a new chevy. find new get up and go. find new roads. enjoy the open road and make no monthly payments for 90 days on all 2022 silverado 1500 pickups. plus, get 2.89% financing when you finance with g

all three of the majors expected to open low. quarter of a percent, a little bit more for than for the s&p and nasdaq s&p by 0.4%, the nasdaq by 0.5%. yesterday the 10-year rose above 2.8% currently at 2.86% the euro is rising as well the uk yield in particular spiking to the highest level the 2-year since november 2008 after a very strong inflation print. double digitses 10.1%. the short end of the u.s. also rising 2.3 on the oil prices wti has been pulling back of late, around $86 per barrel last time i checked $86.50 and flat this morning >> let's check in on some of your top story this morning. bertha coombs joins us once again with those hey, bertha. >> hey, wilf meta platforms is reportedly outlining how it plans to prevent the spread of disinformation ahead of the elections in the u.s they'll focus on political ads with plans to disable them on the various platforms in the weeks before the november 8th contest. the report says ads that run before the blackout period will continue to run, but they will disable them during t

now these are the lows pillar 630.62 low sixties foster sit anywhere near the bay.'re going to get some sixties there. woodside those 51 atherton 50 foreign stanford 55 so little cooler for something on the coast. it's in the sixties for many, including monterey, downtown los angeles, san diego seventies. so again, the warmest temps all summer. right now, fifties on the temps are sixties. i mean, you are seeing a lot more sixties, the lowest lifted north. it was off our coast, but it's still hanging back. an area of low pressure still can see the circulation around that. somehow it just kind of does that, and so the high building in is just a very slow process. so we get a slight warm up here. there's not a big one so mild to warm today and a little warmer. you guys going into the weekend slow warming but kind of just operate his low nineties inland. steve thank you. firefighters across the state continue to battle wildfires threatening communities up and down california coming up. we're going to show you the dramatic scene caused by the sand fire in southern califo

temperatures, by and large, more widely in the low to mid 20s.weekend, our area of low pressure starts to become more of a feature, strong winds on the northern edge of it. so, after a week of fairly quiet winds across scotland, northern ireland, northern england, the breeze will pick up here and we'll see some outbreaks of rain, heavy and thundery in places, fairly showery, so fairly hit and miss to begin with, more likely across some western areas, eastern areas staying largely dry, breeze off the sea and a strong winds are said that particularly gusty to the west of scotland and across parts of western cumbria. now, that rain will then start to just affect parts of england, wales more especially as we go through then into start of next week. low pressure remains to the southwest. it's just how quickly that moves its way eastwards. whether it's the south west of us, it means temperatures will be held up quite warm when you see the sunshine out. but next week, greater chance of those spells of heavy, and at times thundery, rain and those most li

low hanging fruit. host: or guest from the center of law and social policy for this conversation. you participated in a committee in the house hearing last month. what was the topic of the hearing? what was the discussion like and what did you bring to the table? guest: i was honored to participate at the hearing by the house select committee on economic disparity. we focused a lot on our social protection programs when people think about our safety net that i think of as programs to help basic living standards for people. we had a great discussion, a lot of the focus was how we can strengthen these programs. and also how the programs were handed with the labor market with ensuring that people can have improved living standards there work and formal employment. we got to discuss the research on how programs like snap or programs like disability benefits or tax credits for working people and their families, but also the child tax credit which created temporary income for a lot of kids in this country. it

low 80s in the santa clara valley around san jose and low to mid-80s inland and the east bay. i'll take that for the first weekend in august. temperatures won't change much the next several days. we'll wobble around by a few degrees. same thing for oakland with a brief journey into the middle 70s wednesday and thursday. san jose's temperatures dip slightly by monday and back to the mid-80s wednesday and thursday. there will be a further warmup up into the low 90s for a couple of days and that's not that hot for this time of year. temperatures will be a few degrees above average by thursday, the warmest day of the seven-day forecast. we'll keep you updated as next week approaches, but let's just enjoy the weekend while it's here. >> let's take advantage of it. thank you so much. >>> still ahead, musical heavyweights with ties to the beautiful bay area. ♪ >> american classics there. we'll get a sneak peek ahead of this sunday's concert at stern this sunday's concert at stern for years, california's non-gaming tribes have been left in the dust. wealthy tribes with big casinos mak

low cloud at the coast. pretty foggy in spots along highway one, but temperatures are in the 60 through 9:00. by noon time, some low to upper 70's, but we should see the upper 80's this afternoon around concorde. that is a switch, numbers coming up there and looking at upper 70's around the bay. so comfortable with some sun at the coast and we will talk about that warm up in detail coming up. reggie: new details about the fbi search of former president trump's mar-a-lago compound. learning about the timeline as trump issues a statement claiming it was a "coordinated attack by democrats." >> secret service agents were given 45 minutes notice before the fbi arrived at mar-a-lago. they alerted staff just moments before agents arrived. the former president eventually found out from his son eric. last night, trump issued a new statement calling the search a "horrible thing" and republicans are rallying around him. several allies have attacked the fbi which is run by a trump appointee. the justice department is al

going from low 60s to low 80s this afternoon. i think it's going to be perfect for the lunch hour. 77 degrees and sunny. a nice breeze picking up. it's not as hot as it has been. only headed for 84 today. upper 80s the past few days. in the south county where we've been hitting the low 90s, it will be 84 in gilroy, 88 in morgan hill. there will be a few low 90s on the map like pleasanton reaching 90 degrees, 85 in martinez. hayward headed for 78 degrees. the seven-day forecast is already up at the bottom of your screen. check out your microclimate. making plans for the weekend. in san mateo today, a high temperature of 75 degrees. in san francisco, 58 in the marina district and 68 in the mission district. north bay temperatures reaching 97 in ukiah. napa today 80 degrees. we're still in the 60s along the coastline. that fog lingering a bit longer. let's check out napa. looking at highs in the low 80s today and tomorrow. the weekend is going to be really beautiful, comfortable temperatures in the upper 70s. and then on monday, it

low it. low to mid-70s for oakland and the east bay. a mix of upper upper 70s and low 80s for the north bay. a few degrees below what's typical for this time of year. even further north where it's warmer, you'll stay below 90 degrees. clear lake topping out at 88 degrees. the fire danger should remain capped tomorrow. the fire danger won't be zero. any time we see our fire danger index on our 0-10 scale topping out at a 4-5, that's good news for august. hoe we don't see significantly higher values as temperatures do do warm up later this week. we'l keep an eye on it. hovering around 70 in san francisco. san jose warms up a little bit, but low 80s thursday and friday with with low 80s continuing saturday saturday and sunday. just a couple degrees above normal. evn the hot spots inland in the east east bay topping out around 90 degrees on a widespread basis on on thursday and friday. we're staying below 100 degrees, just fine for the month of august. vy little change along the coast with temperatures staying in the the middle portion of t

you had a 16% rally off the low. ultimately that brought in a lot of thrust indicators you and i have been doing this a long time and our old friend marty used to say don't fight the fed or don't fight the tape. no matter how you slice it, you're fighting one or the other up until today you had high momentum that carried more than 90% of s&p components above the 50-day. the problem i had with it that we talked about earlier in the week on "fast money" was that i can't find any of those occurrences where the fed was tightening interest rates, where you made a major market low and a momentum shift so we're just in this conundrum of which is more important, the momentum or the fundamental macro backdrop. >> and we obviously have bounced between taking our lead from either of those, depending on the day or the week. it is completely a market of mixed messages in that sense out there. you have the inverted yield curve. the three-month 10-year is going to invert before too long. that usually means be careful. recession vig

so the low clouds finally retreat.ontime where we do have a partly sunny skies looks like ocean beach, pacifica, half moon bay, but our north bay coastline as well as down over towards monterey going to see some sunshine there and then temperature wise, the color coding here giving you a good indication of sixties at the coast seventy's around the bay eighties for some of our warmer spots inland today as began to the second part of the afternoon . we do have that shade of red indicating going to be a hot one over areas of the sacramento san joaquin valley. but you have to get into the northern san wara sacramento valley hard to see right here, but that shade of pink. they're showing us that's where they will actually have 100 degree plus weather. not for us today. we're gonna go 80 degrees in santa rosa 83 in livermore around the base 74 in fremont, 78, redwood city upper sixties and san francisco if you're going to see the giants ace play later today at the coliseum upper sixties to low seventies expected there, so be

and, and it's leading to these really low water levels. not only here on the ryan, but also on the wire and france on the po river in italy on the danube. really, across the continent, authority, se, shipping on the re book, right, where you might soon come to a standstill. what, what would be the economic impact of that? yes, so that will certainly impact businesses here in germany as well as a few other countries. most of germany's goods are shipped on the rhine, so it's going to have a big impact in 2008 last time that water levels got this low. ah, it impacted germany's g. d p by a point 4 percent of businesses are a little bit more prepared this time because they had that record year in 2008. 18 but you know, it's, it's to be seen usually at the record lows come closer to october. 3rd, we still got a ways to go in the season. so what can be done so because this drought is made worse by climate change, the main thing is reducing our greenhouse gas emissions and i means stop using fossil fuels. now it's perhaps a bit ironic that many of

low 70's on the east bay and low to mid 80's inland. we will talk about next week and some warm weather heading our way. liz: happening now, a marathon voting session on the senate floor. intense debate stretching all night long on the historic inflation reduction act. let's get you a live look from the u.s. capitol. it is 8:30 in the morning and currently they are in the middle of a so-called vote-a-rama, when lawmakers can consider any and all possible amendments to the bill. if passed, it would be the largest clean energy investment in the country. >> the senate working around the clock this weekend on what is being called the inflation reduction act. the bill makes the single biggest investment in clean energy in the nation's history, allows medicare to negotiate some prescription drug prices, sets a $2000 annual cap on out-of-pocket drug costs for seniors and locks in a minimum corporate tax rate of 15%. support for the bill is split along party lines with democrats in support and republicans in opposition. >> it is absolutely impe

the low cloud cover. it's sitting right above us. 50's 60's for most of our current temps, fairfax, down in the upper 40's, though, our cold this morning so far this week we've been seeing temperatures to start the week during morning hours. pretty nice and mild, but his conditions of dry back out now our morning lows have gotten

are our current account balances and they have such low foreign exchange reserves. they're unable to even pay for some of these imports. it's a similar situation in laos in the asia pacific, which is also facing severe problems due to low foreign exchange reserves. so in a round the world, many emerging markets are facing varying degrees of stress because of higher energy prices. and also higher food costs are affecting some of the countries and, ah, north africa, for example, some in sub saharan are that are large importers of food commodities, such as brands. and because of the russia ukraine war with the very large increases in the prices of certain grains such as wheat. so some of these countries are right in, oops, your stress rogers as was the asia pacific chief economist at s b global market intelligence. thank you for your time, robin. thank you. now here in germany, oil major shell says it cut output at its ryan land refinery. the facility makes fuels heating oil and country chemicals, but low water levels on the river rine have made the transport of goods

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the highs with the lows ♪ ♪ you gotta tak the highs with the lows ♪ ♪ when you're los and you're runnin all the outsid noise just really blinds us ♪ ♪ so beware believe non of what you se and half of what you hear ♪ ♪ the best things in life on the opposite side of fear i swear i see it clear like after the storm ♪ ♪ still you can't sto the rain lik the loose ends' song my word is bond like james ♪ ♪ yo i couldn't complai 'cause even when i did brothers really couldn't feel my pain ♪ ♪ that's the type of stuf to drive a brother insan wanna be numb now your thumb back flickin' the flame ♪ ♪ back to square on tryna overcome what you became ♪ ♪ like they was right i guess you never gon' chang i guess ♪ ♪ when it's hard to kee your eyes on the roa your eyes on the road ♪ ♪ you start to feel you back on the rope your back 'gainst the ropes ♪ ♪ you gotta tak the highs with the low you gotta take the highs with the lows ♪ i know somebody feel me ♪ ♪ you're lost and you'r runnin' out of hop and you're runnin' out of hope ♪ ♪ and you're lookin' fo the best way to cope ♪ ♪ just know we al been th

people with low incomes pay less. we also became the first city in the nation to stop suspending people's licenses when they could not pay traffic tickets. we focused on ways to make it easier for people to pay through payment plans, sliding discounts and eliminating add on fees to jack up prices of tickets. this reform is the law of the land in california. it has spread to 23 other states. we also stopped handing people a bill when they get out of jail and eliminated fees charged to people in criminal justice system. they have been punished in a lot of ways. gone to jail, under supervision, the collection rate on the fees was so low we weren't bringing in much revenue. the probation fee collection rate was 9%. this reform has become law from california and is spreading to other states. we made all calls from jail free. the more incarcerated people are in touch with families the better they do when they get out. it was penny wise and pound foolish. now phone calls are free. incarcerated people spend 80% more time in t

lows.eanwhile hedge funds are still loading up, folks. hedge funds, i don't know, they didn't cover a lot because here's your hedge funds. this is the short position. look at this. they are betting big time they can crush this market. in fact you can say they're betting the farm the market will fall off of a cliff. for those nimble enough to take advantage of the volatility it is fantastic. for the buy and hold investor it's a lot more challenging. joining me kaltbaum management president, gary kaltbaum and danielle shay and nicole webb. gary, i begin with you. you started to nibble in june. you insisted those positions were rentals. you emailed me friday took profits, moved to cash. i'm curious what spooked you though? >> we went 100% cash in our accounts for a simple reason, the 10-year yield broke out to the highs, following through today. you combine that, when, we scanned 1500 to 2,000 names each day, a bunch of them were breaking down but i also have to add, charles the ridiculous ove

target off its session lows, still down by 2%, lowe's and target, some of the expectations around profits not met it was a big miss there, but it's the profit margin, operating marging story that has some traders more optimistic lowe's and tjx both with better than expected profits, but revenues missed a bit by the way, tjx is up, despite cutting its full-year forecast, but there are some folks who think the worst is over. >>> speaking of which, there is been a business rift in the daily, and what it means for the market and the fed on the consumer front spending is strong, sentiment is terrible for housing, activity is collapsing, but prices are still hide on the manufacturing, the product data overall yesterday was pretty strong. here to help make sense is david zerbos the floor is yours what do you think is going on here >> well, kelly, i think we're in an economy that in real terms is going nowhere. we have no real growth a lot of people like to call it a recession, some don't. we've added a lot of jobs, vice president got a lot for it productivity has taken it on its chin after an in

maybe even upper 60s to near 70 parts of the city low. 80s inland and the lookahead very little change until we get to the middle of the week bringing back some mid-90s inland around 80 bayshore and keeping it cool and typical at our beaches. let's all right. here's the story lisa. we're all excited about up and early at 10 am today. san francisco zoo is holdi theel waddle walk and make their first swim into their new home at penguin island. the chicks will be graduating. where they were taught how to swim to socialize and to eat a whole fish. they're going to be joining the zoo's 54 other resident penguins due to oil spills and declining populations these magellantic penguins are now listed on the international union for conservation of nature's threatened species list. they are categorized as least concerned, but they're very very adorable and hope you can go check that out there at the san francisco zoo. all right. thanks for joining us on abc 7 mornings. i'm li. along with lisa argent good morning. america is next and we'll see you at

we did see low clouds hovering around the deck of the bay bridge. back to you. >> thanks, mike. >>> we want to move you forward this morning on back to school this fall and speaking of moving forward, many students can move their alarms forward this year an extra half hour. >> "today in the bay's" bob redell is live in livermore. bob, high schools no longer have to start at 8:00 in the morning. the kids are listening to this one. >> reporter: and they're no longer allowed to start at 8:00. back in 2018, california mandated that by july 1st of this year, high schools like livermore high behind me cannot start school before 8:30 a.m. for middle schools that's 8:00 a.m. this is sb-328 we're talking about, proponents of that bill argued the old 8:00 a.m. start time was bad for teens' mental health and left them sleep deprived. as lessents are biologically different, they stay up late. the american academy of pediatrics agrees teens should not start school before 8:30 in the morning. opponents argued about the impact on school bus routes and parents' wor

there's a little lowpinning rings see it right off the bay area. that's keeping a huge fog bank in place. so temperatures today a little bit warmer than yesterday. yesterday was probably the coolest day of the month for many fogged and son. maybe a few partly. cloudy is here. mild coast warm inland water temps came up, so the city is sitting at 59 degrees 59 60. everyone's very close here on the temperature. there's not a big spread. 60 pillar 600.60 montara beach. that's really one that's warmer than anybody else on the peninsula except palo alto airport. 55 stanford also atherton 59 cemetery. foster city pacific is 56. but those warmer ocean temps make a huge difference on the coast and in san francisco, mid forties up in tahoe, truckee 57 u. k. that's not bad seventies fresno and baker's final eighties and nineties on the desert. it's going to be smoking hot. down on the desert here. as we built into the next couple of days, you can see the circulation maybe some partly cloudy skies here could trigger

opening establishing lows and then establishing to write off of those lows. i think the points that dan mentioned are going to play through. we .2 earnings and then we say, for the most part, we have grown at eight to 9% and beat expectations. earnings haven't cratered but it is going to take time for this quantitative tightening to play through. it is going to take a bit more time for this narrative to play through and for us to see how the consumer is going to be affected. in terms of retesting the lows, it is very much in the cards. we saw multiples expand them about 15 1/2 to about 19 and now we are trading back towards 18. i think they average around 15 or 16 so that does say that there is some room to the downsides we had. >> guy, what you make about comments today from neil carr? he said, i was happy to see how powell's speech was received. i assume he was happy with the selloff on friday? potentially we will continue to hear from him today. >> proper decorum prohibits me from saying what i really think about those comments. i am sure the viewing and l

still low 90's. same in danville and our hottest of temperatures being in vacaville at 98 degrees today. now the rest of our forecast is a bit of an up and down. we stay but temperature. we stay on the same temperature trend today tomorrow into saturday. not a lot of change on these days but cool down into sunday and monday, highs falling into the upper 80's inland 70's by the bay. only briefly remaining that cool as temperatures rise back up into the 90's by tuesday and wednesday of next week. rain. john, thank you for that. well, we still have some fog along the golden gate bridge. so keep that in mind as you're traveling today. >> if you're taking one, 0, one traveling up, starting to 85 to menlo park around 27 minutes to 37. no major issues in 82 moving along pretty nicely at this hour. 8 min, so that pretty much exits. the traffic is starting to build just a bit. there heading across towards the peninsula. 80 to one o one about a 12 minute ride. as you travel across. well, 8.80, right now, san l

it will be in the low low to mid 80s. it is cooler than average for inland. you cak out your spot on here. i will be be back with more detail in a few minutes. back to you. > >> the police are trying to check down suspects in two separate shootings in downtown oakland early saturday. first, just after midnight near 14th and webster, the second was around 3:00 am your 70 that broadway. four people were shote died. another is a great condition. the shootings happened near several clubs and restaurants, busy areas. businesses in the area tell us the violence is what is keeping customers away. > >> many business owners are deag with gun violence. >> i have seen a major dramatic drop. 75%, almost 80%, businesses have dropped. >> reporter: this nightclub business has taken a dive compared to a few years ago. >> this is a 2400 square foot b. >> reporter: oscar edwards of the downtown club which has a rt on the second floor. they were t hard by the pandemic. >> when you add violence, that makes everybody not want to go out. >> reporter: he believes the two two shooti

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it was determined that low levels of the contaminant. we're in the area harmful algae blooms can produce toxins that are dangerous to humans and animals and cause health issues like a rash and eye irritation. on wednesday, brown water could be seen in alameda. this woman walking her pet says she is not worried about the conditions. i'm not swimming. just another crisis. harmful algal bloom is generally form by bacteria that multiply as the water gets warmer. public works. staff is requesting property owners around lake merritt to avoid over irrigating their lawns to prevent excess nutrients from entering the waterways, the city food and food containers littered into the lake can contribute to harmful algal bloom. >> and public works says they will continue testing the waters and will provide appropriate warnings to the public reporting from alameda gayle ong kron. 4 news still ahead on the kron. 4 morning news. a community in mourning after a student dies. >> after football practice what we know so far of that welcome back to the kron. 4

tomorrow morning a mix of upper 50s and low 60s. normal lows in the mid-to-upper 50s. we will be slightly above normal for this time of year. high temperatures close to normal around the bay area and close to normal in san jose but below average in the east bay and the north bay tomorrow afternoon. you are still going to reach up to the mid-60s on the coast, 70s down the peninsula and the south end of the bay with temperatures farther into the 80s. farther inland in the santa clara valley, low-to-mid 80s in august is fine. temperatures inland in the east bay mostly in the low-to-mid 80s. average high in concord 88 degrees. low 90s from fairfield to brightwood. instead you will be in the middle portion of the 80s tomorrow afternoon. upper 60s in san francisco. upper 60s and low 70s for oakland and the east bay. mostly 70s for the inland part of north bay until you go farther north. even inn in north bay until you go farther north. even in in mendocino and lake county also. with the cooler inland temperatures the fire danger is going to be relatively low. unfortunately,