what do you do now we are now joined by rob morgan at sethi company rob, good to see you are you worried about the fed? do you think the fed could raise interest rates or indicate it will raise rates sooner than we think? >> brian, i do i think they will make some kind of indication. you refrnerenced inflation. in many of the earnings calls for the recent quarter, the term inflation was used in many of them now there was a lot of good news in the earnings calls as well. 86% of companies reported actual earnings beat estimates. that's the highest percentage since fact track started tracking this. inflation was mentioned a lot. i think that is the biggest risk to the economy right now i do think eventually the fed is going to drop hints that they are going to stop their bond purchasing program i think that's going to be the first step in the process. >> and when they do, what happens? >> well, you know, i mean certainly most equity markets will be off a percent or two i think many investors are baking this into equity markets. i don't think it is a huge surprise, but obviously we'll have t

fladeboe has details now live from morgan hill. rob. >> well, that's right. vicki morgan hill.e is the first south bay city to impose new water restrictions after the santa clara valley water district recently imposed water conservation emergency for the entire county. here's how the new rules work here in morgan hill. >> the sign here on front of the morgan hill community center is flashing the news that the city council has declared a level 2 water supply shortage. the days appear numbered for a lush green grass like this. the city council's action means residential and commercial customers will be restricted to watering their lawns and landscaping to 3 days per week effective immediately odd-numbered addresses may water on monday, thursday and saturday well, even numbered addresses can water on tuesday, friday and sunday under the ordinance a level 2 water supply shortage is consumer demand for water by 21 to 40%. well, in the last drought, morgan hill, resident stepped believe that the valley water has this to say about 20 to 25%. >> and morgan hill where that was the leade

now we're not looking at finding anyone, but we have that ability in our guts to do that in morgan hill. rob fladeboe kron 4 news. >> stay with kron 4. we have continuing weather and drought coverage. you can scan the qr code on your screen with the camera on your phone. it will take you to our weather page with the very latest forecast. the current conditions and a list of cooling centers across the bay area. turning now to another big story we're watching tonight, a man accused of stabbing a 94 year-old asian woman in san francisco. this week appeared in court today and he pleaded not guilty to attempted murder charges boys. dan kerman was in court. he has the latest. >> this go fund me page shows on taylor better known as paying during happier times wednesday morning. the 94 year-old san francisco woman was stabbed multiple times as she walked near her lower hill home. this is citizen video of the aftermath of the attack. fortunately paying survived friday. the man arrested for the attack 35 year-old daniel college was arraigned at the hall of justice in san francisco and pleaded not guil

morgan hill. good afternoon, rob. >> good afternoon, justin. that's right on the heels of the santa clara valley water district boards. a recent water emergency the city of morgan hill here has now declared a water shortage of its own with some new restrictions to tell you about. let's take a look. the sign here out front of the morgan hill community center is flashing the news that the city council has declared a level 2 water supply shortage. the days appear numbered for lush green grass like this. the city council's action means residential and commercial customers will be restricted to watering their lawns and landscaping to 2 days per week effective immediately odd-numbered addresses may water on mondays and thursdays. well, even number addresses can water on tuesdays and fridays under the ordinance a level 2 water supply shortages defined by the need to reduce consumer demand for water but 21 to 40%. mayor rich constant time. >> well in the last drought morgan hill, resident stepped believe that the valley water has this to say about 20 to

. >> yeah, we're seeing a lot of leaning in i have to say, rob, it's morgan, the fact that you just joinedyou are listening to directly talk with this individual investor base that is gaining steam right now, are you yourself as a ceo adopting a new play book what do those discussions look like with your board, your c suite, et cetera >> it's a good question, and yeah, it is completely different. i was talking with one of our investor relations people, and how five years ago, ten years ago, we used to be an 80, 90% institutional shareholder base and now that's completely flipped, we are probably an 80, 90% retail shareholder base, and that changes the way you approach things, and the reality is that we've got to be able to engage with those shareholders and both listen to them, know that we appreciate them, and so, yeah, this would not be my preferred path of -- i'm not a big twitter guy. i have not been out there for a long time. given where we are now, and what the future of this retail game looks like, i've got to do it, and i think it's in the best interest of our shareholders. >> you

announced by the santa clara valley water district the city of morgan hill has stepped up by declaring a level 2 water shortage kron four's robon front of the morgan hill community center is flashing the news that the city council has declared a level 2 water supply shortage. the days appear numbered for a lush green grass like this. the city council's action means residential and commercial customers will be restricted to watering their lawns and landscaping to 3 days per week effective immediately odd-numbered addresses may water on monday, thursday and saturday well, even numbered addresses can water on tuesday, friday and sunday under the ordinance a level 2 water supply shortage is defined by the need to reduce consumer demand for water by 21 to 40%. >> well, in the last drought morgan hill, resident stepped believe that the valley water has this to say about 20 to 25% and morgan hill where that was the leader in throughout the county. we can serve our citizens conserve more water than any city in the county. so i imagine that our city will step in this emergency due to exact same thing. although mostly dependent on grou

rob. >> now to an update on a story we brought to you earlier today. a grass fire in morgan hill is now contained. the fire did burn about 2 miles west of highway one o one on sunnyside avenue in west edmondson avenue. it was last reported that 10 acres were burned and the fire threatened one structure the cause of the fire is still under investigation. in the north bay city. leaders in sonoma are asking residents there to reduce water usage by 15%. this is coming after the city council unanimously declared a stage one water shortage. the city is requesting that all customers water their lawns or plants during the evening and early morning hours inspect all irrigation systems. reduce minutes of runtime for each irrigation cycle and urge customers to utilize water conservation rebate and other incentive programs to help residents conserve the city will hand out free drought tool kits at city hall on saturday from 00:00am in the morning until one in the afternoon. hot and dry. yeah, that's been the name of the game for the past couple of days as we take a live look outside her