major hot spot in san jose nb 101 at mckee rd overturn accident has several lanes closed. slow traffic from 680/280. take 280 to 87 as alternate. santa cruz mtn sb 17 idylwild accident involving a downed tree. right lane closed a few lingering showers across the bay and maybe even a few rolls of thunder early on before skies clear later in the day. daytime highs will peak up into the upper 50's and low 60's again, as they will also tomorrow. skies tomorrow will clear out before more rain is likely friday. é( darya ) (ááá2shotááá) new this morning... the stormy weather is causing hazards across the bay area ... including downed trees in the south bay.( james ) kron4's will tran is live in los altos hills where a fallen tree crushed several cars.will? shortly before 12:30 am, wednesday, sjfd responded to 721 e taylor street, for reports of a tree down, with live wires down, trapping residents inside their home. sjfd engine 5 responded, located a large tree down on 2 parked cars, with live wires down from the house. sjfd secured the area, and pg&e responded to de energize the

major hot spot in san jose nb 101 at mckee rd overturnaciide nt has several lanes closed.o 87 as alternate.. bay bridge wb 80 is less then 30 min from the maze to sf. the bay and maybe even a few rolls of thunder early on before skies clear later in the day. daytime highs will peak up into the upper 50's and low 60's again, as they will also tomorrow. skies tomorrow will clear out before more rain is likely friday. ( darya ) happening today ... president trump will meet with congressional leaders at the white house ... to continue talking about reopening the government.( james ) last night he made his case to the american people for a border wall. camila bernal has more. president trump: "my fellow americans"from the oval office -- president trump speaking to the world -- about the u-s / mexico border.president trump: "this is a humanitarian crisis. a crisis of the heart and a crisis of the soul." president trump: "all americans are hurt by uncontrolled illegal migration. it strains public resources and drives down jobs and wages."the president demanding nearly six billion

highway 101 at mckee road in san jose are currently closed after a large box truck overturned early wednesday morning, according to the california highway patrol. the chp said the collision was first reported around 3:47 a.m. just north of the mckee road intersection. an alternate route suggested by the chp is taking northbound interstate highway 280 to northbound state highway 87 to reach northbound u.s. highway 101 again. there is no estimated time of reopening. no further information is immediately available. (darya) good morning i'm darya folsom..(james) and i'm james fletcher. lets start the morning with a check of weather and traffic... major hot spot in san jose fatal accident nb 101 at mckee rd overturn truck has several lanes closed. slow traffic from blossom hill rd. rd. blossom hill rd. a few lingering showers across the bay and maybe even a few rolls of thunder early on before skies clear later in the day. daytime highs will peak up into the upper 50's and low 60's again, as they will also tomorrow. skies tomorrow will clear out before more rain is likely friday. é ( darya )(ááá2s

bob, the latest over there near mckee? >> reporter: good morning to you, mike. yes, three lanes, three right lanes of northbound 101 still shut down here just north of mckee. we've got two issues with regard to the overturned truck. one was removing the person who was killed in this accident, the other issue is getting this truck right side up, so they can remove it from the roadway. it's taking some time. this accident happened around 3:45 this morning, according to chp, the driver of this box truck fell asleep, drifted off of the lanes of northbound 101, and wrecked, as you can see right here, north of mckee. the driver did survive, was able to explain to the chp that he had fallen asleep. unfortunately his passenger was killed. >> driver fatigue is a major issue for us. it's almost on par with drunk driving, because sleepy drivers do appear to be the same as drunk drivers to us. so we encourage people, if they're feeling tired, to not continue their journey to pull over. take a nap. take a rest. >> reporter: the driver taken to the hospital with major injurie

in san jose nb 101 at mckee rd overturn accident has several lanes closed.0. take 280 to 87 as alternate. santa cruz mtn sb 17 idylwild accident involving a downed tree. right lane closed a few lingering showers across the bay and maybe even a few rolls of thunder early on before skies clear later in the day. daytime highs will peak up into the upper 50's and low 60's again, as they will also tomorrow. skies tomorrow will clear out before more rain is likely friday. ( darya )in warriors news... boogie cousins is aiming to make his warriors debut january 18th in l-a against the clippers. it will mark his first game action since last january ... when he injured his achilles as a member of the new orleans pelicans. he's been ramping up his rehab and practice activity with the warriors. ( james ) still to come on the kron4 morning news... a live report on the damage from last night's storms and what we can expect as more rain rolls through today. ( james ) plus ... sara stinson is standing by for latest on the deadly rollover crash in san jose ... that's closed

major hot spot in san jose nb 101 at mckee rd overturned truck cleared.e left lane is open and crews are cleaning and working on repairs. a few lingering showers across the bay and maybe even a few rolls of thunder early on before skies clear later in the day. daytime highs will peak up into the upper 50's and low 60's again, as they will also tomorrow. skies tomorrow will clear out before more rain is likely friday. (james) time to talk winners and losers with our financial expert rob black winner: government shutdown threatens the us with a credit-rating cut . . . big three ratings agency fitch warned that the continuing government shutdown puts the of losing its rating in the nea future. the us has only been downgraded 2011 debt-ceiling crisis. the government shutdown entered its 19th day wednesday, with seemingly no ending in sight, as republicans and democrats remain unable to find a compromise on funding for president trump's proposed wall on the southern border. loser: world's richest man getting a divorce . . .how much could mackenzie bezos get in

there is another crashed blocking the lanes at 101 at mckee. expect the delays with major trouble. >>> the sino demarcus cousin will make the golden state debut january 18 against the clippers. the four time all-star is not played while rehabbing from the torn achilles suffered last january. it is marcus simeon at oracle last night. it is steph curry you had 14 assists, and here's the monster slam with the warriors off and running. klay thompson is the big story, and he is heating it up. steph curry 5 of 19 but no problem with the other brothers on fire. scoring 26 in the second half and 43 for the game with the warriors winning, 122-95. klay thompson is feeling pretty good. >> i am happy because i scored 43 points. >> i would be happy. >>> the sacred heart game moved to berkeley. it is brandon robinson with a three pointer and finishing with 25, the wildcats taking it, 65-45. >>> the girls have over time, and it is a layup with the sacred heart girls winning 61- 54 in overtime. >>> to the ice, eric carlton impressing and it is a lucky bounce a

we not only have a sig alert due to a fatal collision on mckee. to a fatal collision on mckee. we had a full closure near so we don't want you to pay yone cent more than you need to for health care. at covered california, you can get health insurance at a lower cost. in fact, enrollees pay an average of $5 per day. see how little it costs to get covered. visit coveredca.com today. so you need people that it iyou're close to...r footing, to help guide you. i think about how important it was for me to have the role models that i've had. oh, look at that! i wasn't able to get there alone. he essentially plucked me out of obscurity. he's the one who said, "hey, man, this is your life, this is what you need to do." nobody can do it alone. the more help you can get along the way, the faster you can achieve your goals. i'm in it to fly. ...to help people achieve their dreams. ...to speak for those who can not. whatever you're in it for... ...we're in it together. show of hands, who's a future comcast business customer here? i think we all are. yeah, definitely. sign us up. yes. two ha

i can say that northbound 101 as a crash and mckee . it is going to be slowing traffic pretty much going through here. the alternate route would be to use 280 and go on 87 or 280 and go on highway 17 and go through the area that way. but do not use northbound 101 because of the deadly crash. we do have a crew setting up to do a live shot from the scene and we will get that to you as soon as possible. let's talk about some of the other traffic around the 205 a will get much better by livermore. you get to the bay bridge, does light. let's go back to the desk at 5:02. >>> thank you for the update. several bay area neighborhoods would have to start the cleanup process because of damage from overnight wind and rain. on east taylor street in san jose, tree was partially uprooted and crushed two cars and brought down live power lines. pg&e came out to re-energize the lines but people in the homes will be without power until the tree is removed and repairs can be made. >>> another tree fall down in los altos hills on bird lane just off natoma

this happened about 3:45 this morning just north of mckee road. garbage truck or a large box truck flipped over on its side. this is a fatality. investigation is under way. i also heard from chp that a lot of fuel spilled on the road. that's a mess. this will take a while to clean up and they have to investigate, too. amy hollyfield is trying to get there. they're stuck in the backup. just actually saw one of her shots. people are turning around and driving the wrong way trying to get out of the backup. it is not a great situation. take 280 to 87 to avoid a tough situation this morning. i do want to touch on an issue in from the santa cruz mountains. southbound highway 17 past idle wild road, a tree came down in the roadway. a van hit the tree. both southbound lanes are blocked. do not take that leaving the san jose area trying to get to santa cruz. i'm not sure how long that will be blocked. for now, that's not a route you can take. let's check in with meteorologist mike nicco. >> we have wet weather everywhere this morning. we've had so far near

we're just north of mckee on northbound 101. the brake lights are headed northbound right now, and this is the backup to that fatal accident that happened about an hour and 15 minutes ago, for a good chunk of time. there is still a sig alert but all of the lanes are shut down. the far lane reopened but such a backup the traffic is not moving much and it's hard to see but if you were to look to the left, the backup extends as far as the eye can see. what we know about this accident, a garbage truck overturned, blocking a couple of the lanes. coroner has been called out. it's not clear if there's a driver of the truck or perhaps another vehicle that was involved and has a fatality, but this is a very serious accident you can see, and right now, if you are headed northbound on 101 from san jose, trying to get to and from, this is probably an area you want to avoid, until it's cleared. reporting live here in san jose, bob redell, "today in the bay." >> bob, thanks. >> you see out there as well very rainy start to our day. let's chec

only the left lane is open on north down 101 just past mckee. the alum rock area is open but this will be here for most of the morning. we are hearing possibly at 7:30 am from caltrans but we are waiting to hear from the chp on when the lanes will be reopened at the 101. northbound 101 is backed up totally at this point. you can use to 80 as an alternate, guadalupe parkway or 80 and king. the lanes are open at 87 and 280 but the dry times a very slow. it is one hour northbound on the 101 and 280 looks better. here is the san rafael bridge, busy, and we are watching the golden gate bridge closely due to the wet weather. >>> we have downed trees and other problems with the bay area getting pummeled by the bay area storm. san jose is one of several cities with storm damage. we have kiet do . >> reporter: given the different directions this tree could've fallen the homeowner is fortunate it did not fall on the house. the other good news is that this tree is not blocking the street traffic. the tree is about three stories tall and just missed this ma

it happened just past mckee. everyone is forced off at alum rock. vehicles were moving in amy hollyfield's live shot. that was between where they were forcing everyone to exit and the actual collision. they've been sitting there for probably over an hour. the drivers are relieved to be moving at this point. you can use 280 to northbound 87 for an alternate to avoid that completely. not far from there, 680 before berryessa a spinout crash. sounds like a couple other vehicles involved in that collision too. southbound 17 past idyllwild, we have a tree that slid down into the roadway. sounds like a minor mudslide. the southbound side of the roadway blocked. a lot happening in the south bay. >>> thank you, alexis. new art and poetry will be on muni buses. the art project features the work of five visual artists from the bay area. the artwork is inspired by poems written by poets. this theme is connecting our community. muni riders can find the art on 100 muni buses now through april collaborating with the nonprofit san francisco beautiful for the projec

again, northbound 101 at mckee is shut down for the next few hours. there is no official ato but we will keep you updated. other trouble spots appeared to see a concentration southbound. it is slow approaching this area. we have stop and go conditions at fair oaks avenue and 101 with a car facing the wrong way. we have a delay on highway 17 southbound at idlewild. the car hit a tree that is blocking the southbound lane. your travel times right now pretty slow and especially through the altamont pass, westbound 580 and the east shore freeway looks pretty good right now. here is a live look at highway 80 and mcbride with slick services along with a wind advisory in effect for the bay bridge. it is quiet at the toll plaza and gusty across the span into san francisco. >>> the chp officers have had their hands full this week with traffic backed up on highway 17 due to the goats goats that wer blocking traffic. the police are trying to figure out who they belong to. >>> pulling off the roadside delivery and here is officer lloyd reed holding a newborn baby

everything else moves smoothly. 101 northbound completely blocked northbound right about mckee road, just past the on-ramp. the on-ramp i'm told is also shut down by san jose p.d. and the chp, and the reason is, there's an overturned dump truck. in addition to that, chp confirmed to someone at least one person died as a result of this crash, and because there will be a crash investigation, that will take quite some time to clear it. that is the impact on your roadway and we're concerned about the impact on the people and related parties. there may be another crash north 60 at barriessa. 101 northbound, let me get back in here, sorry, producers, northbound 280 to 87 is your alternate right now and 680 as well. as the traffic builds, for a while, this traffic will become a problem for the south bay. pack to you. >> let's talk about the weather right now. rain is coming down. let's check in with kari hall right now >> as we get a look at storm ranger this morning, that's our mobile doppler radar. we have it parked on san bruno mountain giving us a high detailed view as the rain continue

again, northbound 101 near mckee has a closure right here. this is the only spot in san jose that was completely locked up. you should just avoid to 18 maybe go up to 87 and do this. do this instead. you have to, because i'm not really sure when they're going to reopen northbound 101 at mckee . we will keep an eye on it for you. >>> for some, it was okay. no matter how great it looks, once a system elongates and goes north to south and then east and south lose out on the rain and that is exactly what happened. it doesn't mean you will not get more today, because that is what is happening. the colder unstable air is coming in and i think will be better than yesterday. wind advisories are out. that goes until 10:00 this morning. we're getting some pretty good wind gusts. do south. oakland and 13. that is going to continue most of the morning. 24 right out of the south for half moon bay. san jose southeast coming up in the santa clara valley. 21 miles per hour. the big whopper below. a lot of people back east on twitter say look at this. and was

this is because of a deadly crash near mckee road. we will tell you what happened and what your alternate routes are. >>> we're not done yet. even though some areas east and south did not get much rain, a will. maybe today. there is a lot of moisture coming in. off and on rain for your wednesday forecast. the question isn't whether he should be impeached any more. he's the most corrupt president in american history. and we all know it. the question now is, how fast can we move past this president so we can build a more just and prosperous future? please, join the more than 6.5 million americans who are demanding action now. because there's nothing more powerful than the unified voice of the american people. together, we will make this happen. need to impeach is responsible for the content of this ad. not to the finish.t. but to the beginning. a fight that can only be won, if we stand together for one cause. him. expert care for every new beginning. >>> welcome back to mornings on 2. two bay area members of congress are taking action b

i'm sure michael mckee will bring that up today.re the channel by which the apple story is being represented in europe is in the luxury sector which is weaker today on that read across. i guess apple is a luxury item. the supply chain for apple is being hit. down by 19.48% but europe is not blessed with a big technology sector. massive volatility overnight. we're going to continue to talk about it. it happens at roughly the same period in an overnight trading story. tom: we made a decision at "surveillance" to focus on china and the trade war. international aspects of this apple debacle. yet it is about cupertino. the sumler is expert on .f the parts we have any clue? cannot say right now. that is a little outside my wheelhouse. i will say this was not a stunning development for apple. if you remember last quarter they sort of raised the red flag and said we are no lover going to give you iphone units or pricing. they could not break it in quarter in an quarter out. that signaled to the street there's a bit of trouble ahead and i th

tom: i spoke to michael mckee. it is a new era.esting in the shift from forward guidance to this new religion of data dependence. the old religion of data dependence. michael mckee in washington in charge of theology. scarlet: let's get a data check. you do have a higher market. everyone is focused on earnings. we had seen stocks meander, head of this fed decision. and also as u.s. and chinese officials get underway to discuss trade. in the hopes of resolving something by that march 1 deadline. tom: they will. scarlet: they will? tom: a lot of different decisions coming up. two minutes away. i love the conversations with stephen stanley today. the weighting of trade at plus percent of gdp. scarlet: joining us right now is laura rogers, senior economist. and the head of u.s. rate strategist -- strategy. let's start here. communications, the fed has a tricky line to toe here. it will be pretty complicated and pretty delicate to be able to communicate something but not too much to panic investors. laura: right. first of all, there is

let's go to michael mckee. he has been down there with the interview -- for the interview with chairman jerome powell. what have we learned, like? eye-popping employment numbers, 312,000 jobs created, i was up, wages up, really strong numbers. he gave wall street the soothing words that they wanted to hear, saying that the economy citing the jobs numbers and strong consumer numbers in december remain strong going into 2019. we should see some slowing, but it does not look like it is any kind of recession worry at all. please set the fed is going to be watching and waiting and looking at the data, as he has said before. inflation readings as muted as they are, the fed can afford to be patient. patient is not exactly pause, but it is the language that market investors were waiting for, david. david: the stock markets may not have needed it because the job markets moved up, but even while they were speaking, they one of further, and even now as i look at it, they were are up 2.3 75%. one of the questions was -- wh

vonnie: let's bring in michael mckee, who has been covering the event in atlanta. some fascinating comments particularly from the current fed chair. the comments about the president saying definitively know if -- no if he had been asked to resign. i think the markets are taking the comments about the balance sheet runoff and running with them, definitely back in the markets. michael: definitely. this went about as i outlined it would before the speech. the fed chair was able to point to this morning's jobs report and say combine that with the strong consumer spending in december and the low level of jobless claims and it is clear the hard data showed the economy has momentum going into 2019. we expected it to slow. it is not going to slow that much. we are on guard. all the things he said before and in december. he went a little bit beyond with his one statement about the fed being patient when he said with the muted inflation readings we have seen, we can afford to be patient and that kind of a signal to the markets that the fed is in pause mode, exactly what they

amanda: thanks so much, mike mckee a great entire view.ow, according to a new survey by blackberry, 0% of respond sents in canada and the u.k. and u.s. don't trust their device with personal day tafment how those numbers affect the smart we and other industries, have the president of blackberry. i want to start with your program, blackberry secure. you compare it to the intel inside branding, where you want to achieve the status where people will know it and know it means security. is that an apt comparison? >> obviously intel inside has been a lot more successful and we're early on so i hope blackberry secure will do it too. amanda: we're seen that you have a keen interest in the car market because security around self-driving cars, automation in cars, will b highly critical but you're there also at c.e.s. how brd can this get? how quickly could you penetrate other kinds of devices? >> car was the one we started first. we have a very good footprint in the auto industry. especially the so-call level three, four, and five cars. it's a natur

major hot spot in san jose 101 at mckee the left lane is blocked nb and sb by ( darya ) now to breaking news from overnight. a hawaiian airline flight was diverted to san francisco international airport ... due to a death on board.( james ) kron4's sara stinson is live at sfo with the latest. sara? i'm live here at international terminal at s-f- o where most of the passengers have spent the last couple hours looking for an alternative flight after their plane to new york was diverted here.passengers tell me thats because a flight attendeant died w over the pacific ocean.people say it the other flight attendants seemed emotional, but didn't say what was going on - they did make an announcement asking for any doctors on the plane to come to the front.c-p-r was given to the flight attendant, but the person was pronounced dead on the plane.it was then announced that instead of heading to j-f-k they would make a stop in san francisco. there passengers waited two hours as a medical examiner came aboard and removed the body.hawaiian then made an annoucement that passengers should go get their

the accident occurred around 3:45 am at northbound 101 and mckee.ill work as well. >>> we have an accident at northbound 680 in the clearing stages and not blocking any lanes. >>> the san rafael bridge is backed up. >>> it is cloudy with clouds dropping quite a bit of rain as well. looking at the hi-def doppler you can see a lot of rain in the north they and also in petaluma and he one-on-one corridor is soggy to the 37. the 7-day forecast drying out going into tomorrow. ♪ >>> good morning to our viewers in the west. it's our seventh anniversary today. happy anniversary to us. how we doing? it's wednesday, january 9s, 2019. welcome back to "cbs this morning." president trump says america needs a border wall to handle a crisis. we'll talk with fran townsend, a top adviser to president george w. bush when he started building the barrier. plus, teddy geiger could make history at the grammy awards. hear from the songwriter who is known for working with shaun mendez and other top artists, but first here's today's eye opener. >> president trump reached ou

vonnie: our thanks to michael mckee. time for futures in focus. oil falling right now.he story about the dollar -- let's bring in bill from blue line futures cme. there was a lot of market movement overnight. >> safe haven assets -- that's what we've been pounding the table on for months now. the yen surged higher. ism number putting pressure on the dollar. here's the thing -- you mentioned oil is second ago. it is struggling to hold ground. you don't have a lot of ground for this. is volatility right now pushing higher those safe haven assets. you look at the technicals on these safe haven assets, the 10 year broke a trend line at 280 -- it has continued lower. yen, it hit ae trend line going back to 2016. if it gets above 94, it could run further. end?e: where does it where does the buying end? >> we've been bearish on yields and bullish on prices for a while. after 280 went down, we've been looking for 250. 245-250, there is some support down there. that could bring some stability to the yield story, but it will be short-lived. you.e: thank it will be a busy day at t

major hot spot in san jose 101 at mckee the left lane is blocked nb and sb by and overturn accident.kend today with temperatures outside boosting further than the rest of the week well up into the mid to upper 60's for much of the bay area. look forward to sunny and dry skies before an increase in cloud cover into the weekend. next week cloud cover will continue to rise with rainfall looking likely to return into the middle of the week. ( darya ) an 80-year-old man says his sheer will helped him his sheer will old man says his sheer will old man says his sheer will helped him survive a snow storm in the seirra mountains after he got lost hiking earlier this month and had to spend the night in the wilderness. steve large shares his story. wendell murdock, snow storm survivor:"i said many times, i can do this, i can do this." wendell murdock was only supposed to be snow shoe hiking for an hour, when he got turned around in a storm on a sierra trial.and one hour turned to 2 and 3.wendell murdock, snow storm survivor: "the light started changing and i'm starting to think i don't know whi

mckee,joined by mike bloomberg's international economics and policy correspondent. i am -- i guess the first question is, how clearly issued will the statement be? how high is the risk of confusion? learned from some of his mistakes over the last few quarters? >> one, in terms of the statement, the only question is, how did they phrase the idea of being patient and data dependent? they also might have to change the stop -- the top of the statement where they might have to change that economic conditions of the u.s. they've not had data given the shutdown. chairman powell west you speak in non-fed language -- chairman powell once to speak in non-fed language. he has learned from his previous experience. we would expect him to say the fed is going to look at the data. we do not have to move right now, so we will let you know when things change. vonnie: what will the market see as a dovish q&a session, michael? >> if they put any kind of timeframe on things or if they suggest in stronger terms that there are any headwinds they need to worry about. probably not going to

michael mckee joins us now. michael, do a reset.ve heard from a lot of federal reserve board governors and even the chairman a couple times. he will speak again today. is there anything more he can say for the market? >> i think the message has been clear. he who very clear in atlanta last weekend. and the rest of the board has been speaking out since. everybody has been saying the same thing, we will wait and see what the data tells us, we will take a pause and setback for a little bit and figure out what is going on before we move in any direction. now, the concern about recessions and the economy falling off a cliff has eased as markets have gone back up, but there is concern on whether we will slow down, or whether we will have a strong year. vonnie: they have said any rate hikes that will happen will be benign and to a level not exceeding neutral, how many is that this year, do we know? michael: it depends on your definition of neutral, they see 3.5%, so really anywhere between 2%-4%, but the two more moves this year would get

box truck flipped over early this morning blocking park of the highway near mckee road. we have live at team coverage cell looking for alternative routes it to get you where you need to know. let's go to alyssa harrington. you have been out there and you are still there. what you know about the crash and the victim? truck we just got new information and learned that the victim was the passenger inside the box truck. 64 years old out of orange county. the driver was 67 years old also out of orange county. the truck was traveling from los angeles with the final destination of san jose. the driver fell asleep and ended up veering off of the side of the road around 3:45. hit a cement box on the side of the road and the guardrail. ended up turning on its side. spiky driver fatigue is a big issue for us. it is almost on par with a drunken driving because sleepy drivers appear to be the same as drunk drivers it to us. we encourage people if they're feeling tired tired to not continue their journey. pull over and do not rely on coffee or energy drinks to keep you awake. they wil

is at thehael mckee meetings of the american economic association with loretta mester.chairman powell. right now, your first word news. for the second time in three days, president will meet with leaders of both parties to try to end the government shutdown. house democratic majority made it clear where it stands. the house approving a spending bill that would reopen closed agencies. republicans oppose the plan. comes the u.s. government out with his final jobs report for 2018. it is likely to show employers capped a strong year of hiring. payrolls rising by 184,000 in december. economists expect hiring to cool down this year. the has extended its rally, price breaking through 1300 dollars an ounce before falling back. investors have been flocking to gold. up, rising to the highest level since july. carlos ghosn will finally get his stay in court. jail cellbeen in a since being arrested on financial crimes. will be in ae district court. his lawyers will ask why he remains in jail. prosecutors extending his detention several times. global news 24 hours a day and at tic t

michael mckee from new york on alibaba. and we are at the white house with the spinning wheels on the government shutdown. in washington, there is a report that china has made an offer to eliminate the trade deficit, really? >> what we have heard is that these negotiations in beijing earlier this month, the chinese aid out an ambitious plan, $1.2 trillion buying spree over six years, which they said they would use toy eliminate the trade deficit with china. and the u.s. response was skepticism and a demand that the chinese actually reduce or eliminate that trade deficit in two years, in an even more ambitious timescale. we should be clear that this is an improbable offer, it would be hard for the u.s. to export that much to china in that quick of a time period. u.s. exports to china in 2017 were $150 billion, and that was a record, but it is a good sign that everybody wants to make a deal and we all know how president trump likes those shiny big numbers. $1.2 trillion is certainly one of those. david: we will come back and

mckee moved the market in the process.rve off the dramatically lower yields yesterday. at a little confusing, but that is the way the pros look at it. weaker dollar, strong euro. the vix, 17.49 shows the equity market. this is important. not only yield curve dynamics in the two years base, that curve dynamics in the 30 year space. 3.02 is the 30 year. yen is well stronger. francine: stocks in europe are up. we had pretty solid corporate earnings. treasury yields on the dollar extending wednesday's decline. what i'm looking at is the two-year or 10 year yield on italian bonds because italy fell into a recession at the end of 2018. fiscal tensions seem to be taking their toll on the economy. we will get back to italy and deutsche bank, but first, the fed signals it is done raising rates for now. the central bank made a sweeping pivot to a much more dovish stance. u.s. economy is in a good place and we will continue to use our monetary policy tools to help keep it there. ofpite the positive outlook, the past few months, we ha

we are joined by mike mckee, bloomberg's international economic policy correspondent. what this results him is a bigger trade surplus for china. that is something that is parissting in the negotiations we currently have underway. how bad were the numbers, and how will it change the bigger picture when it comes to the trade war? a pullingid see forward of expert orders to china from the united states because of the tariffs, so experts were down 4.4% in december. you might think that would be offset on the import side, but imports down more than 7%. the chinese economy slowing on a secular basis and because of the trade wars. the irony is that the trade surplus rose with the united states, because the chinese economy is slowing, the united states economy growing. all we did was suck in more chinese goods, rather than buildings at home. on thet creates pressure chinese. but you look at the market reaction today to this news, and the idea that china might be slowing more than people thought -- that is bad news for donald trump. both sides perhaps have an impetus to make so

it happened after eight this morning near mckee road. the accident backed up lanes for at least a mile. authorities say one person has major injuries. >>> a scary scene on board a flight from hawaii went a crewmembers medical emergency forces the landing at sfo. hawaiian airlines flight 50 left honolulu for new york's jfk airport, but diverted to sfo after a medical emergency on board late last night. officials say a flight attendant experienced a suspected heart attack. doctors on board were called to the front and attentive cpr, leaving many passengers to wonder what was happening.>> a little chaotic. a bunch of them were doing cpr and they switched off because that was for a good hour to two hours. it was constant cpr. >> upon arrival the attendant was pronounced deceased. passengers were eventually moved to other flights.>>> still ahead, a drop in concussions for nfl players. what is helping to keep them safer from hard hits on the field. >>> a beautiful afternoon. temperatures are rising. here is a live look at the roof cam. i will

on the brief, michael mckee on the continued slowing of the chinese economy. and from washington, vice president pence's message to venezuela. we were anticipating number that of china and has confirmed what we expected. michael: markets reacting to the slowing in the chinese economy. china reported growth fell in the fourth quarter to 6.4%, that is the weakest since 2009. there were concerns expressed to the parties leaders. capital economics says that the slower growth could it shave two percentage points off of global growth this year and according to citigroup, the chinese slowdown may slow global expansion off course. it will be slower than anticipated, 3.5%, down from 3.7%, that forecast in october. david: gdp numbers are disappointing, but what about the services sector? michael: we got a little bit of good news in the data releases, the numbers on retail sales and industrial production came in in line. they were not noticeably weaker. so that was good news. and the people's bank of china is about to start a medium-term lending facility in which they le

for just over five hours as crews worked to tow a big rig that over turned here just north of the mckee road exit on 101 in san jose.the driver survived, but the passenger died on scene.you can see traffic snarled for miles as the c-h-p investigated the scene.the big rig overturned around 3:45 this morning in the northbound lanes.<"the vehicle left the roadway, struck a box on the side and slide forward and then came to rest on its side.">when firefighters arrived on scene they were able to get the 67 year old driver out after being pinned inside the truck on it's side. the driver was concious and said he fell asleep at the wheel.he was taken to the hospital with major injuries. his 64-year-old passenger died on scene, he was not wearing a seatbelt.<"they had a mattress and pillow set up in the back seat, but either way the passenger was not restrained during this crash.">both men are from orange county and were driving a truck owned by a security company. traffic continued to back up as crews worked to tow the truck away.

alix: bloomberg's michael mckee, thank you very much.r our live coverage of fair catch jerome powell speaking alongside janet yellen and ben bernanke in atlanta at 10:00 eastern. later on, catch our interview with atlanta fed president. it is going to be a really interesting conversation. i love what mike said, like the rescue mission for market is off the table. david: it is getting more and more interesting as each developed comes. ,lix: blowout jobs numbers market holding on to gains, spike in the dollar. coming up, "bloomberg market, " with reaction to this blowout jobs report. this is bloomberg. report. this is bloomberg.

thanks to michael mckee.r more on what all of this means for the markets, let's .elcome in charles schwab tell us why you are seeing volatility again to kick off the new year. >> happy new year. it is a mixed new year so far. i think they keep piece of data for investors to pay attention to today is the pmi data. why do we pay such close attention to these? they are the first and most timely real-time read on the economy. two, they track earnings so well. a very good indicator where they are headed. expectations are still for double-digit earnings growth for growth in the u.s. and internationally for 2019.are you kidding me ? where is that going to come from? estimates are headed down as long as the key indicators are headed lower. the path of least resistance for stocks is still to the downside. vonnie: you may have heard michael mckee just now talk about march and how there are so many events in march. and managersceos everywhere and customers even just wait until march is over? >> maybe. certainly a lot of

for just over five hours as crews worked to tow a big rig that over turned here just north of the mckee road exit on 101 in san jose.the driver survived, but the passenger died on scene.you can see traffic snarled for miles as the c-h-p investigated the scene.the big rig overturned around 3:45 this morning in the northbound lanes.<"the vehicle left the roadway, struck a box on the side and slide forward and then came to rest on its side.">when firefighters arrived on scene they were able to get the 67 year old driver out after being pinned inside the truck on it's side. the driver was concious and said he fell asleep at the wheel.he was taken to the hospital with major injuries. his 64-year-old passenger died on scene, he was not wearing a seatbelt.<"they had a mattress and pillow set up in the back seat, but either way the passenger was not restrained during this crash.">both men are from orange county and were driving a truck owned by a security company. traffic continued to back up as crews worked to tow the truck away.

out of the south bay, south 101 at mckee road we have the rollover accident.affic but it is southbound one-on-one were the crashes in the left lane, backed up to almost 880 in the not commute direction. we have some pressure on the roadway at south i-680 due to a crash blocking at least one with the speed at 44 miles an hour. travel times a busy on the east shore freeway and southbound one-on-one to >>> it atming . here's a live look with lou skies. temperatures looking at 60s for many spots across the region. 64 in san francisco, 64 in oakland, 66 in fremont and 66 in san jose and santa rosa. napa 67. sunshine and warm weather continues to the weekend with saturday the warmest day of the week. we continue with dry weather for most of the next week. have a great weekend. but when's the last time you shared a moment like that?ore, or felt like this? or screamed, like... that? it's time to make some magic for as low as $70 per person, per day. wayne: wow. - yeah, boy! wayne: tiffany, what's behind the curtain? jonathan: it's a trip to italy! - i'm here to win bi

for just over five hours as crews worked to tow a big rig that over turned here just north of the mckeead exit on 101 in san jose.the driver survived, but the passenger died on scene.you can see traffic snarled for miles as the c-h-p investigated the scene.the big rig overturned around 3:45 this morning in the northbound lanes.<"the vehicle left the roadway, struck a box on the side and slide forward and then came to rest on its side.">when firefighters arrived on scene they were able to get the 67 year old driver out after being pinned inside the truck on it's side. the driver was concious and said he fell asleep at the wheel.he was taken to the hospital with major injuries. his 64-year-old passenger died on scene, he was not wearing a seatbelt.<"they had a mattress and pillow seupay the passenger was no during this crash.">both men are from orange county and were driving a truck owned by a security company. af

rosenberg with michael mckee today.ow comes in and he uses the our word of a recession. we synthesize this and i want to take a global view. with alberto gallo, i do not think enough has been said about the ecb and the lack of degrees of freedom. how constrained is mr. draghi in the first six months of this year? alberto: the ecb has boxed itself. in 2017 with hindsight, they missed the train. they should have started reducing qe earlier. they spent when you're announcing a reduction of qe and started doing it at the end of last year, just at the weakest moment. german data has come out week for the last few months. they started reducing qa at the weakest -- qe at the weakest point. they are trying to get more liquidity to banks by extending the p ltro so the long-term loans to help banks fund. they realized persistently negative interest rates have a bad collateral effect for the economy because there is less lending it inc.'s lose money. they make money by having negative rates on loans. they need to normalize the rat

to again, 101 in san jose, north of mckee road.ft lane. be aware of that if that's where your commute will take you. and then on city streets. there's a report of a school van and another vehicle in a collision. good news there, no injuries reported. 880 in oakland, slow going in the northbound direction because of earlier crashes, and the backup at the bay bridge toll plaza. it's not terrible, but a 20 minute delay to get on the span. >>> it's 8:02, back to the desk. >> allie, thank you. >>> new this morning, roger stone, a close associate with president trump is in custody after being arrested by the fbi. according to special counsel robert mueller's office, stone is facing several charges including witness tampering, obstruction, and false charges. he's scheduled for a court appearance later today. she's been under scrutiny for months now, but he's always claimed he is innocent. sarah sanders spoke to the media earlier this morning about stone's arrest and possible ties to the president. >> it doesn't have anything to do with th

the sig-alert has it north of mckee road. sounds like a truck. it was blocking a couple of lanes.adway and tried to rescue the driver. unfortunately, that person did not survive. we have a crew setting up at the scene and should get more information shortly. alternates, northbound 280 to northbound 87 for one of the areas where we're lucky we have reroute where you're able to take it without adding too much time. there are definitely delays approaching that scene. i want you to look at the conditions. it's quite soggy. a lot of wet pavement in the area. a moderate shower pushing through. i'm guessing that was probably one of the factors in this deadly crash. we have another update in moments. let's check in with mike nicco. >> live doppler 7 out there, you can see the greens, moderate rain moving through that area that alexis was talking about. you can see the latest data right there painting a picture of what's going to be the case for all of us heading throughout the morning hours. waves of showers. storm impact scale, as expected. we downgraded it to a 1 with light rain showers

wet roadways and jammed. 101 only the one lane gets by at mckee. now, the truck is on its wheels.get the debris picked up. this is slow for the entire area. that ripple effect there. that is the worst for the bay. everything else we just warn about wet roads. bay bridge not a major issue. 880, slower there toward the toll plaza where the rain over near oakland. back to you. >> thanks. for local news in half hour. we'll see you then. ♪ >>> hey, everybody, 8:30 now on this wednesday morning. it is a beautiful day. the 9th day of january. happy birthday to any january 9th babies out there. it's sunny, but it's kind of chilly i have to say right here in midtown. >> hi, everybody. >> wait a minute, i love this coat. >> wow. >> omg. >> was that from the christmas tree lighting? >> just been waiting for an opportunity. >> i like it. >> i love it. >> another thing we like, we like the crowd moments. susan, oh, susan. susan, it's your 55th birthday? >> yes, sir. >> happy birthday. >> thank you so much. >> and where's your husband david? >> behind every great woman. >> absolutely. >> he's a

david: thanks to michael mckee and sarah ponczek. carol: fourth quarter adjusted eps in line, $.30 per share. better than what analysts were forecasting. schlumberger. david: initial positive reaction. coming up, more on the market rally on u.s. china trade talks. usl richards will be joining next. this is bloomberg. ♪ >> this is "bloomberg daybreak." elon musk warning the road ahead is difficult for tesla. several thousand workers will lose their jobs. tesla will cut 7% of the full-time workforce of 45,000. musk says preliminary results indicate fourth-quarter profit will be less than what the company hoped for the third quarter. they hope to make lower-cost versions of their model 3 to appeal to the mass market. workers havect been let go at foxconn's most important iphone factory in china. the seasonal worker cuts aren't deeper than previous years. they are just taking place significantly earlier. cbs and walmart reaching a multiyear agreement for walmart to keep taking part in the cvs pharmacy network. cvs said walmart was leavin

rishaad: dallas fed president robert kaplan speaking to michael mckee. flash headlines. starting 2019 with a bang. $74 billion equity deal to buy the drugmaker. $50 inlders will get cash for each of their own shares. it is the biggest pharmaceutical deal on record. sales up 32%, having their biggest intraday gain. the japanese carmakers last month.tions nissan posted a 7% rise. toyota, falling less than 1%. analysts forecasted drops in sales for all three companies. a moment american automakers, gm saw 2% -- 2.7% decline while ford expected a drop in december. rishaad: china's cyber police toe ordered by do -- baidu suspend services for a week. an online campaign guaranteeing includingh -- messaging services and live streaming platforms. regulators haven't explained why baidu was punished or what is needed for them to presume operations. thene: looking at moves in asian sessions, we are watching bank stocks closely. -- the bank reporting bank, up 5.6%. this is part of the unit of a larger insurer. china construction bank up more than 1%. watching securit

michael mckee is down in washington for the news conference later today.still with us here in new york. give us your preview. you are the one last time who asked the question about the balance sheet. michael: people will be a little disappointed if they expect anything that will move markets. on the right side, he will be careful, stressing the idea of fed will be patient. he will suggest there is no imminent rate hike on the horizon, which is what markets want to hear. because of the way the fed would want that disseminated, that would come in a statement. if we don't get anything in the statement at 2:00, you won't get anything from jay powell. don't look for him to make a whole lot of news today. he will be cautious in his outlook. david: if they don't put it in the statement and he stands up in front of all of you, you will ask him about it, he can't deny that they talked about it today. michael: a little like mario ah, we talked about it. they are getting to a point where they will have to make a decision. it's not today. they need a certain level of

for will be the theme michael mckee mckee tomorrow, dallas fed president robert kaplan.bloomberg. ♪ tom: anna edwards denver francine lacqua in london. i am tom keene. i will turn to the bloomberg and tell you we had the worst equity futures two hours ago. they are a little bit better now, -37. the bond market is not stable. if we open up bonds here at 6:49 a.m., yields are coming dramatically. let's go to our chart, our single best chart right now. of course we're talking with tony crescenzi and the short-term, so let's mix it up and go long-term with anthony crescenzi. 2 point 6%, everything is fine, prices over, and the yield is coming with a vengeance. now 3% on a 30-year bond. tony, what does the long-term bond say about trust in america? ony: coming back to reality america, we spoke earlier about demographics. there is a limit to how fast u.s. economic growth can go. it says something about the neutral policy rate. the -- 4.25%, now defend now it is then max 3%. tom: it comes back to the rate to come down, that is unacceptable to the politicians. tony: it is import

alix: michael mckee and sebastian page, thank you very much.re leaving me to talk more about this. david: to talk with senator chuck grassley of iowa. we will ask him how the senate hopes to get us out of this jam. as well as some important trade things in front of him right now. alix: we know how senator graham thinks. david: we talked to david purdue of georgia who said it is up to senate republicans. the senate republicans could figure out a way to get past this. down to the racing new york stock exchange to interview senator grassley. barra sees 2019 and how they are coming along with their electric vehicles. she has a lot going on in china. chinese auto sales are down. is she worried about a recession? alix: i'm really interested about electric vehicles. good luck. get down there. from hong kong to the hamptons, real estate experts protect 2019 to be the year of the buyer -- predict 2019 to be the year of -- predict 2019 to be the year of the buyer. this is bloomberg. ♪ r. this is bloomberg. ♪ >> this is "bloomberg daybreak." coming up in