you kind of have to play the odds there. >> gentlemen, ron insana, mike bailey, i wish you both a happy holiday season. now, let's get a quick check out to grace and kellyanne -- to the reactions of the economic data we just mentioned. right now, rick, it is interesting only because pce data, to iran's point, is just another data point that shows that things are slowing down. it is the market or traders cheering the moves there, what can we expect in the coming weeks? >> i think, look at equities, right? you have what equity, but down movement in the negative territory, the other two are not on their best levels. the yield curve is mixed, sharp majorities yields a little bit lower, and long maturity yields a little bit higher. that mixed packages telling you the truth. people can annualize these short term three months and six months on a monthly yields or the monthly rates on some of these inflation numbers, but, nobody knows whether inflation will be a linear, dom, at 3.2% on court, pce, year over year, i am sorry, it still has its handle, the feds object to this as well. so, you can

bailey. back to you. >>> thanks, mike. 5:11 this morning. using a.i. to book the next vacation. coming up on "today in the bay," a.i. may be ready to help you out. we will show you the program creators say can save you time and money. >>> speaking of money, wall street stock markets and another all-time record. all-time record. you are look mom, i found one. oh, yeah, you did. but we need an atm from our bank unless you want to spend a small fortune in fees. uh, no, thank you. banking with us means more fee-free atms than the two largest us banks combined. well, that would be convenient but there is no b-m-o here. ah, you can just call us bee-mo, and there is now. you know what else is convenient? mobile banking that makes it easy to track your goals and manage your money get out of town. but we... just got here. when a bank helps you get and stay ahead. that's the bmo effect. ♪ bmo ♪ >>> good morning. right now it's 5:14. as you head out in the south bay, we will see temperatures in the mid-40s to start. partly cloudy in mountain view throughout the day. it will be a nice one,

. >> bailey road between bay poured and concord were shutdown. mike confirmed the area reopened 30 minutes ago. >>> before the fire, air quality was an issue, kris, but the fire, kari, did not make the spare the air alert any better? >> so, whatever wutng out there,ing including any spoke, gets pushed back down and we breathe that in. we are dealing with that this morning. as we take a look at the air quality this morning, if you have heart conditions or breathing problems, you should limit your time outdoors. we see that in the east bay and the south bay and santa clara valley. as we look at what to expect for today, we have mid-40s in concord and low 60s this afternoon. we will talk about rain in the forecast coming up in a few minutes. >>> thank you, kari. happening later, governor newsom will give an update on the mental health court. it is the c.a.r.e. court. >> we have ginger conejero saab with the latest. ginger, the question is did the c.a.r.e. court work the way it was supposed to work? >> reporter: kris, that is one thing that will be talked

why are we seeing this with powell, bailey and lagarde? mikee're seeing inflation fall faster in the united states than in other places. the central banks are acknowledging that inflation is coming down in their monetary policies of worked and there doesn't seem to be a reason to raise rates further. tom: if we see the mortgage rate commend the dynamics of the inflation surge we saw, will there be a roaring 20 20's? mike: we may see inflation rise at the beginning of the year because of base effects from low inflation but the way people are spending, we are seeing solid but small gains. not the outsized gains we saw earlier this year. part of that was inflation driven in part of that was a hangover from the pandemic. but we are beginning to see people get into the normal 2019 spending patterns. retail sales, everything was pretty much as you would expect with gasoline prices pushing everything down. clothing stores were buying up clothes and toys. tom: imagine those refrigerators? lisa: ha ha. i bought a refrigerator and he will never let me li

mike, we may see improvement heading into concord. >>> yeah, over here we don't like this red. the crew at bailey has cleared from the westbound direction, so we should see more traffic released into concord, and that will mean slow into can cord. looks like my maps may have frozen. we will look at a bigger build in a couple seconds, guys, but highway 4 is pretty much up to speed. >>> the bay area pilot charged with endangering a plane full of passengers and crew was released from federal custody and in state custody. >> today in the bay's kris sanchez is joining us now. kris, he's facing more charges here? >> emerson is in federal custody, and he is expected to face state charges in portland today. a judge approved his pretrial release in federal judge. today he will face a judge from the state on a single count on endangering an aircraft, and then one count of endangerment for every passenger onboard. he allegedly tried to cut fuel to the engines. he left the cockpit on his own accord, and that pilots diverted that flight to portland where he was arrested. his attorney argues he was struggling

bailey and to 242. the backup at the bay bridge is building. back to you. >> thank you, mike. >>> it's 6:02 right now.taking a live look in san pablo where overnight two people died after a head-on crash. a man and woman in one car died. the person in the other car suffered serious injuries. people are being told to avoid the rolling wood neighborhood with the road expected to be closed for a few more hours, and that crash is still under investigation. >>> the battle continues as israel intensifies its fight on southern gaza. israel says they are operating in the main area, and netanyahu insisted his military must maintain gaza after the war. many urged him to prioritize the return of their loved ones. today marks two months since the start of the war in the middle east, and for jews everywhere, tonight marks the first night of hanukkah. in san francisco, the giant public menorah will be lit as it always is, but tonight there are added concerns. ginger conejero saab is live. the message from jewish leaders there is still one of joy. >> reporter: joy and being together, marcus. good morning to you. you

mike, hide shumate, flying up above and think for a moment, an angel is there bringing back love. if i must die, that should bring hope. that should be a tale. as i'll speak to palm, bailey, who is the co founder of we are not numbers. joining us from washington d. c. pam. thank you so much for being with us. you and you and worked with re fact on, on the we are not numbers project and we're so sorry for your last festival. can you talk to us about how the project came about and what it was like working with research? yeah, it was just asked for the last major war, 2014. and it was inspired plan. um, i had noticed a young man i, i lived in kaiser shortly, and i noticed a young man that i had met his profile on facebook, his, i'm black and when i reached out to him, i found out that his brother had been killed. and we ended up a choosing to decide rather than rather than avoid the subject, like a lot of people do. um we, he has to do a study english like a lot of young people in the do. and he is struggling to, to improve his english. so i suggested that we write an essay together, just celebrate his brother's wife, and we pass it back and forth. it were about 3 months. a

mike, you were looking at a crash on highway 4. >> still tracking this crash. we're looking at the westbound commute direction coming out of antioch through pittsburg and toward bay point, just shy of bailey there is a crashed that's been moved. three vehicles in the center divide. a couple of tow trucks have arrived. because it's near the center divide, it's probably visible from the eastbound direction. we do see slowing through the construction zone as you're approaching eastbound highway 4 and there's congestion heading toward that one focus point. some folks are jumping off the freeway earlier, taking buchanan to kirker pass road and that can take you to the walnut creek interchange. everything else is lighter than typical. back to you, scott. >>> coming up, santa's workshop has ai. i'll show you how to try it out. let's go to the futures. good christmas colors. looks like we'll gainn the o >>> good wednesday morning. the time is 6:11. as you're heading through the tri-valley, this is a live look in dublin at 580. visibility a little better as you're heading out through this part of the bay this morning. it will be partly to mostly sunny as we go into the late morning, but rain arriv