and the us pacific command. track and monitor missile launch is based in hawaii, they sent their statement out at 8:35 am local time. it means it took another 10 minutes for this widespread text message for all of the forms to say, this is a false alarm. total, it took 38 minutes from the initial time. why did it take that long and why were 13 minutes after the initial message went out they were saying was false alarm but it took 38 total minutes to correct this?does this make sense? >> it does. it reminds me of our intelligence gathering and our intelligence sharing. because we did not share enough intelligence with each different agency. when we had 9/11. the good thing is that this is a false alarm. but it should awaken us to the fact that perhaps we need more sharing between the military command, the state government, federal government and whoever is putting their finger on the button. to be sure that we have some redundancy measures in order to protect the public from being cast into deep fear from a false

the us pacific command has detected a missile threat to hawaii.oors, stay indoors. if you are outdoors, seek immediate shelter in a building. the chilling alert of what was a p pa re ntly the chilling alert of what was apparently an imminent missile attack on hawaii was also sent out to everyone‘s mobile phones. when we got the alarm we were actually terrified. we were on the 36th floor of our hotel and we didn‘t know what to do. i wasjust didn‘t know what to do. i was just sleeping, didn‘t know what to do. i wasjust sleeping, my friend just woke me up and said let's go, there's a bomb coming in hawaii. i did not think he was serious but i started running, we went to this other place, a concrete building. people were just running on the street. but it turns out it was all a mistake. the us pacific command confirming an eight week there was no missile threat. this should not have happened. we are investigating the sequence of events that occurred. an error was made in emergency management, which allowed this false alarm to be sent. just last month,

the us—pacific command confirming in a tweet there was no missile threat.ppened today was totally unacceptable and many in our community were deeply affected by this and i am sorry for that pain and confusion that anyone might have experienced. i am a very angry and disappointed that this happened. we are doing everything that we can immediately to ensure that it never happens again. just last month, the hawaiian authorities decided to resume testing of the nuclear warning system for the first time since the cold war. these islands are the closest part of the united states to north korea. and over the past year, north korea has carried out a series of tests, proving it does now have nuclear weapons. so, no wonder people in hawaii were panicking today. richard galpin, bbc news. there are reports of a chlorine gas attack on a rebel—held area on the outskirts of damascus besieged by syrian government forces. residents of eastern ghouta reported smelling gas shortly after coming under attack. the area has been under sustained attack, with air strikes and ground

i'm sure they are aware like all of us as new vulnerabilities in the pacific. when nested segment -- incident occurred, folks in hawaii to understand what it happening. and they had only harrowing tales to tell. imagine knowing you had only minutes left to live before everything you hold dear. when the threat was overcoming sure people in hawaii help their children closer. i know i did the same matinee. i senator brian shouts at them in the system failed miserably. we need to improve and get it right. amen. so let's get to work. that work starts right here with the preliminary report that we produce today thanks to the chairman swiftly calling for an investigation which was the right thing to do. it's also thanks to the efforts of our talented public safety and homeland security bureau. what your work reveals is that many levels this mistake could've been avoided and its effects could have been mitigated. now we need to take these facts and use them to improve our alert systems across the board. we can start by considering how this agency can help develop best

us. pacific northwest, washington, oregon, they are seeing plenty of that rainfall. there is a very slight chance parts of the north bay may get a slight drizzle today. yesterday, i know a lot of people along the coastline saw the drizzle. a little more, a bit of measurable precip, a few hundredths of an inch but high pressure will take over bringing us a sunny warm weekend. tomorrow morning will also be foggy ahead of that high pressure that's taking over our weather pattern and then by next week, a chance of rain on tuesday. jaclyn. >> i had a little bit of that drizzle yesterday when i was trying to walk my dog. >>> right now, we are tracking a couple of problems, some slowdowns for drivers heading out of tracy. now, there's an accident in the eastbound direction. and that will inevitably slow down the westbound direction with all the looky-loos. you're looking at the westbound direction with the brake lights making your way towards 580. it's already a big backup developing and you can see by our sensors speeds drop below 20 miles per hour. the crash is down at mo

the us—pacific command confirming in a tweet there was no missile threat.ed today was totally unacceptable and many in our community were deeply affected by this and i'm sorry for that pain and confusion that anyone might have experienced. i'm too very angry and disappointed that this happened. we are doing everything that we can immediately to ensure that it never happens again. just last month, the hawaiian authorities decided to resume testing of the nuclear warning system for the first time since the cold war. these islands are the closest part of the united states to north korea. and over the past year, north korea has carried out a series of tests, proving it does now have nuclear weapons. so, no wonder people in hawaii were panicking today. richard galpin, bbc news. after almost a week of anti—austerity protests, tunisia is marking the anniversary of the revolution that sparked the arab spring in 2011. commemorating the overthrow of the old regime of president ben ali comes amidst social unrest over the past few days regarding tax rises and price hik

the message went on, the us pacific command has detected a missile threat of why you.hin minutes. if you are indoors, stay indoors. if you are outdoors, seek immediate shelter in a building. you can imagine the sort of panic that must have created. there is no central nuclear shelter, iam told, there is no central nuclear shelter, i am told, actually on hawaii. a lot of confusion. they are still trying to find out how this actually happened. presumably people would have been even more concerned than usual because there has been so much talk about north korea, but people might have read this and thought this is potentially credible. they obviously have a system in place there to warn people. absolutely. the geopolitical situation, the threat of some sort of nuclear strike by north korea, very much on people's mines buried in hawaii, because of the recent firing of these tests by the north. these ballistic missile tests. it's very much in the forefront of people's mines there. this isjust much in the forefront of people's mines there. this is just the sort of thing that

the us—pacific command confirming in a tweet there was no missile threat. have happened. we are investigating the sequence of events that occurred. an error was made in emergency management, which allowed this false alarm to be sent. just last month, the hawaiian authorities decided to resume testing of the nuclear warning system for the first time since the cold war. these islands are the closest part of the united states to north korea. and over the past year, north korea has carried out a series of tests, proving it does now have nuclear weapons. so, no wonder people in hawaii were panicking today. richard galpin, bbc news. hawaii's governor david ige had this to say a short time ago. i know first hand that what happened today was totally unacceptable and many in our community were deeply affected by this and i'm sorry for that pain and confusion that anyone may have experienced. i am also angry and disappointed that this happened. we are doing everything that we can come immediately, to ensure that it never happens again. we have spent the morning with

us law makers. the trans-pacific partnership, or tpp, would be a free trade agreement between the us and 11 other pacific nations. - it's a trade agreement that would eliminate most not all, but most trade barriers among the united states, japan, and 10 other countries in the asia pacific region, including some quite low wage economies like vietnam. - it's not just a pure lowering of trade barriers, it's a sort of negotiated withdrawal from our protectionist perspective. and it makes great politics to argue that trade agreements like that are gonna hurt american workers. they're also gonna benefit american consumers. - who will benefit from tpp? we've done calculations and simulated the effect and what we find for instance is that for the united states in the aggregate our incomes would rise by something like a half of percent of gdp, that's half the percent of income, 131 billion dollars by the year 2030. - there was sort of a million different small provisions about it will have a huge impact on copyright law and intellectual property and is meant to boost us services exports. we think about exports as

the us pacific commander in hawaii, also released a statement saying no ballistic missile threat was there. and that the earlier message was actually sent in error. 38 long minutes actually went by before the first alert went out to all of hawaii residence that an incoming missile was detected. take cover, take shelter and then finally, 30 minutes later false alarm was announced. everyone on the island of hawaii, certainly a frantic and killed 38 minutes. if the president does have any further statements today of course, we will bring it to you. but the president and the white house seem to emphasize that this was a state operation, not a federal operation and that it all rests with hawaii right now to remedy exactly how this false alarm emanated out in the first place. the president golfing today as i mentioned with us trade ambassador and they reportedly spoke about china, trade and nafta. once the president returned in his motorcade back to mar-a-lago, it is when a news came out about the false alarm and hawaii and we still just now received the first comment from the white house

and 500 mariners it would more the ship christopher, columbus sailed we need to know how china used the pacific has an ancient and enormous sea. in the american mind what do we think about the pacific typically? world war ii with the attack on pearl harbor and the campaign to retake the pacific , a period of time in the early 40s when the united states not only hundreds of ships but hundreds of aircraft carriers. today we have 12. we dominated the pacific. it tends to inculcate that dna but another nation is rising as an ancient nation civilization of china. chinese ballistic missile nuclear powered submarines. highly capable. they are here as examples as the rise of the chinese fleet over the last decade now with two aircraft carriers they are building on a constant increase this is a pacific century building the largest commercial centers by china on the right at chinese worship proudly pulling into the port at pearl harbor. china is on the move it has a historical claim to the south china sea roughly as though the united states would claim to on the gulf of mexico. china's belief they ancien

us of a ballistic missile launch. >> if a nuclear missile is launched from north korea, that is where you will find out. >> that is right. these are state warning officers. they'll receive a call from the pacific command on a secure line and make a decision to activate the statewide system. >> where is the phone? >> it is right here behind us. >> so pacific command, the military never made that call because there was no inbound missile but the alert was activated any way and it said this is not a drill. nbc news has just confirmed with the hawaii department of emergency management that it is all resulted in death threats being lobbed toward that agency. there is a lot of very angry people. and none of this zeuses death threats but very angry people many of whom suspected they may be in the final moments of their lives. the agency has accepted responsibility and apologized and placed a person -- that the person responsible for this on a new assignment until they could figure out what happened and other investigations federal and statewide on going to determine how this happened and to make sure it never happens again. >> jacob -- wow. maybe i guess it helps because we get prepared an think what

the substitute ordinance has use requirement for office, service and institutional uses locating along pacific avenue. here's a version of that in case you only got one and this concludes my presentation and i'm available for questions. >> commissioner: any public comment on this item? seeing none we'll close public comment. commissioner fong. >> thank you. >> i'm trying to understand this better. what's the count on restaurants and how close are we? >> in a september survey we counted 16 tote eating and drinking establishments, cafes, bars, alcohol-serving restaurants. our recommendation to bump that would abut nine. >> i don't know if you drive around at night but it's dead and that frightens me as a person from san francisco. he's are people we need to be out. i want to do things. i guess my hitch a little bit is i want to make sure we're doing things to incentivize business rather than discourage certain types of business and this is more of a stick than a carrot. and we can throw out other carrots in the future against this particular stick but i want to make sure from my perspective we'r

thank you for joining us here on "asian pacific america."or watching. wilson? ♪ ♪ >> freezing. >> did steve bannon betray you. >> the people of iran are calling out for freedom. >> nbc news has ever made. >> the harassment ends now. >>> good morning, and welcome to "sunday today" on this first sunday of 2018. it's january 7th. i'm willie geist. i've got a lot to say this morning, but you do not want to listen to this voice for the next hour, i promise. i sound like peter brady in puber puberty. morgan radford answered an early morning call to the bullpen and came over here. morgan, this is wha

ridge of high pressure builds back, the storms are still coming, they just won't be coming to us, but to the pacific northwest. half an inch of rain is likely for the next weather system. tomorrow's high with sunshine, san jose 61 degrees. union city 67. redwood city 60. antioch, brentwood, discovery bay, your highs only in the mid to upper 50s. mill valley a4. cloverdale 55. afternoon sunshine in lakeport, a highway of 54. we're wet wednesday evening, lasting till thursday, then we get a break from the rain. zero rainfall for the upcoming weekend. we've been 40% more rain than average, but december was so dry. >> right, a lot to make up for. thanks, paul. >>> this hollywood car chase toured through the streets of san francisco tonight. san francisco tonight. the mustang is the dollar gets you more at taco bell. san francisco tonight. the like the new $1 stacker. are all these layers of beef and cheese reserved for a secret society? or just anyone with a dollar? the answer is yes. (bong) >> dr. stanley: remember this: cannot change the laws of god. when he has visited you in some form of adversity a

us turned up. seven people have been found interesting to see a week after a ferry they were on disappeared navy pacific island nation of care about us they were found in a lifeboat by the new zealand air force on sunday a french climber has been saved in a dramatic rescue operation on one of the world's most dangerous mountains although a search for her climbing partner has been called off elizabeth revel and thomas mckee if it were sending pakistan's pop act when they sent a distress call on friday conditions were so tough that pakistani authorities had to call the new linked group of climates it was scaling nearby k two you are up to date with your headlines next up its inside story i'll be back in about twenty five minutes for the news hour. were saudi princes detained in an anti-corruption drive some have been released after deals with the government of which mohamed been summoned is a key figure the crown prince has ambitious plans for his country so.

ridge of high pressure builds back, the storms are still coming, they just won't be coming to us, but to the pacific northwest. half an inch of rain is likely for the next weather system. tomorrow's high with sunshine, san jose 61 degrees. union city 67. redwood city 60. antioch, brentwood, discovery bay, your highs only in the mid to upper 50s. mill valley a4. cloverdale 55. afternoon sunshine in lakeport, a highway of 54. we're wet wednesday evening, lasting till thursday, then we get a break from the rain. zero rainfall for the upcoming weekend. we've been 40% more rain than average, but december was so dry. >> right, a lot to make up for. thanks, paul. >>> this hollywood car chase toured through the streets of san francisco tonight. the mustang is making a comeback. even if no one in your home smokes, secondhand smoke can be closer than you think. secondhand smoke from a neighbor's apartment can enter your home through air vents, through light fixtures and even through cracks in the walls and the floors. secondhand smoke is toxic. especially to children. protect your family. visit tobaccofreeca.

near bejuco, in the mountainous region of punta islita, an area popular with tourists on the pacific coast. usn board. the cause of the crash is not yet known. media reports say five of the passengers shared the same surname, suggesting they were related. the president of iran, hassan rouhani, has appealed for calm, saying people have the right to protest, but not to commit acts of violence. in his first public comments since demonstrations against the government began on thursday, mr rouhani warned that violence and public disorder would not be tolerated. protests have now spread to many cities; and in tehran, police have used water cannon. here's kasra naji of the bbc persian service. the centre of tehran during the fourth day of anti—government protests. these protesters are shouting death to the dictator, a reference to iran's supreme leader. the protests are the most serious challenge to the iranian clerical regime for many years. as the night fell, there were reports of demonstrations from at least a dozen or so cities up and down the country. president rouhani has finally made a comment

said that canada is set to sign the transpacific partnership along with 10 other asia-pacific countries. trudeau usedhe stage to promote free trade in advance of u.s. president trump's appearance later in the week. the canadians had backed out of the tpp last year after the u.s. pulled out due to the trump administration's isolationist stance. the agreement is set to be signed in early march. and while all of this was going on, thousands of anti-capitalist protesters marched incirlik to protest -- in zurich. many of them carried anti-globalist placards. some have warned that the u.s. presidents polarizing persona could resurrect the violent anti-protests seen in the early 2000's. they were warned to stay clear of the demonstration in switzerland's financial capital. and it's time for a soccer transfer saga in sports. >> interesting names too. british media reporting that pie rre emerick aubaumeyang is on the move toward arsenal. he was the bundesliga's top scorer. the manager confirmed that they are in talks to sign him, but would not comment on a possible deal. >> i donon't know. we are not close to

us. the next guest says the trend is still upwards for big deals in the region. in 2017 the various deals in the asia—pacificp to over 673 billion us dollars, that‘s 4.8% higher than 2016. the story is a bit different when you look at muggy coming from china. government restrictions reduced mainland outbound m& by: if you count megadeals, asia saw four major deals in 2017, one more than 2016. i spoke to stephanie hanna in hong kong and i asked her about the future for deals already on the table. i think it casts a shadow for other deals that are still waiting for approval that involves chinese buyers. were talking about deals likejen worth being sold to china ocean wide, a life insurance company, other deals being sold in the semiconductor space. it doesn‘t bode well for those deals that are still hanging in the balance and i think it goes to show that cifius is considering access to consumer day as part of that umbrella of national security risks. later today a uk court will rule on evidence pertaining to the extradition case of the jane malcolm turnbull, the fugitive tycoon has co— ownership of formula 1 f

us. the pacific is really getting the act together as a strong jetstream will play into the weather earlyweek into monday night and tuesday but until then things are looking good. hazy sunshine with temperatures bumping up. we could get near somebody in santa cruz for the weekend and that looks to be the warmest location. next week we are focusing on rain. tuesday has a good system with an even better system and cold air support is rolling in thursday. by this time next week we could have rain. 60s with the weekend looking good except for night and morning fog.>>> a warning for parents of teenagers, there is a dangerous trend on youtube involving laundry detergent pods.>>> a woman in southern california put costco's return policy to the test. coming up next, what happened when she tried to return a christmas tree 10 days after christmas? but what i see here never ceases to amaze me: change. i see it in their eyes. it happens when people connect with nature, with culture, with each other. day after day i'm the first to see change. to see people go out, and come back new. princess cruises.

us. michio: thank you. laura: from the pacificrim to the antarctic, where researchers have discovered ecosystems living below the ice below the sea. they say the environment is so rare that the area should have special protection. the bbc's claire marshall went sailing on a greenpeace ship and ve down inwn -- do a submarine to see for herself what the scientists have found. here is her exclusive report. claire: antarctica, the most remote continent in the world. it is still largely unexplored, and we know even less about the icy seas that ring it. now machines are making it possible to catch a glimpse. a mini-submarine is taking this marine biologist down into the antarctic deep. above is a land of frigid ice. below is a thriving mass of life. >> oh, that is really pretty. claire: no light penetrates the -- penetrates this deep. plants can't grow. these are all animals. then it was my turn to go down with the pilot. we dropped much deeper. more than 1000 feet down, we find a wall of life. sponges and corals. see stars. all thrivin

we do think around 11:30 tonight, showers will develop right here to the north of us and primarily through the pacific. by 5:00 and 5:30 tomorrow morning we get our initial accumulating rain drops to port reyes. a better chance of wet weather by 9:00 a.m. tomorrow. it's in the north bay to san francisco where the commute will be the wettest. full details not only on this system but a total of three storms in the next seven days, and very new important changes to the timeline of my seven-day forecast. >>> we've got big waves ahead thanks to this same storm. we have a high surf warning through friday. you're looking at the surf from pacifica earlier today. waves will average between 15 and 20 feet high. and that killer point where the maverick surf competition is held, it could see breakers that reach 40 feet high. you can track high waves and the incoming rain on our nbc bay area app. free to download. >>> investigators continue to search the home of the southern california couple accused of torturing their kids. the kids rarely left the house and the parents called their home the sand castle day schoo

i mean, at this stage it's ridiculous if it was a mistake. >> elyse, you told us that it was pacificve expected -- i mean i know pacific command militarily at least from the navy's perspective and otherwise oversees that region, but i would have thought maybe the governor or some official other than the pacific command that almost seems like they jumped on it right away because we have to tell people it's not real, that there is a breakdown here. >> and also look, you have the state government and the local government and then you have the federal government. obviously everyone is just trying to find out as much information as they can and possibly there is not enough coordination about all threes of the u.s. government. in addition to make sure that people don't panic and they know it is not a false, because of this heightened sense of tension in the region right now, my suspicious is that pac command wanted to get out that message as soon as possible, also to just like calm the fears from u.s. allies and even north korea so that that tension doesn't get exacerbated and there is not

mountain pacific (202) 748-8001. join us on

of euro pacific capital who joins us from connecticut peter happy new year and thanks for being with us again we've certainly had a crazy good equity markets in the last thirteen months or more what about commodity marker markets going on so far in the last year or so and going on in the future. well i'm very bullish on commodities in fact more so than on most stock markets particularly in the united states and of commodities had been in bear markets up until i think just recently we've broken out of some rather substantial down friends that have been in place not just for commodities in general but for commodity companies many of these companies have been heading down since two thousand and eleven when a lot of clout of these peak and we've seen some down trends break there as well so as an investor in both commodities and commodity stocks i think things look very encouraging but i think you know overall a lot of the inflation that investors were happy to have manifest itself in asset markets like stocks and bonds and real estate i think a lot of that inflation is now going to final

of euro pacific capital who joins us from connecticut peter happy new year and thanks for being with us again we've certainly had a crazy good equity markets in the last thirteen months or more what about commodity marker markets going on so far in the last year or so and going on in the future well i'm very bullish on commodities in fact more so than most stock markets particularly in the united states and commodities had been in bear markets up until i think just recently.

we have a lot of cloud cover taking aim at extreme northern california and the pacific northwest. the results for us is high clouds. high pressure is still in charge. there's a lot of cloud cover breaking through. 30s, 40s, even near 50-degree temperatures here. walnut creek, 42. there is a slight puff of an offshore breeze. seattle is getting rain. portland is on the southern edge of that. the extened outlook is not good staul. high -- at all. high clouds today. the extended outlook is dry and warm. 60s on the temperatures. 4:31 on a monday. >>> we do have slow traffic out there already in some of these areas. northbound 101 in redwood city, we have a deadly crash that has blocked lanes for a while. they have a couple of lanes open and a couple of lanes closed on northbound 101. either get on the freeway after whipple and maybe go up to holly street. or use 280. it's a pretty decent bet off the peninsula. let's talk about the other commutes. fairfield, the salono county supercommute looks good. no problems across the bridge and down to the bay bridge follow plaza. 4:32. >>> the bomb squad safely di

high clouds in advance of a storm system winding up in the pacific and it will deal a good pitch to us over the next 36 hours. the doppler is not showing much at the time. the showers develop after sunset tonight. very slowly from the south bay to the north. after midnight, sun rise we will pick up more as cold alaskan air powers north, the combination of the two systems mean the biggest storm of the system so far this year in the bay area, six inches of rain in the santa cruz mountains. upperelevations of the north bay 3 inches of rain. -- upper elvisions of the north bay 3 inches of rain -- elevations of the north bay 3 inches of rain. a flood watch posted beginning tomorrow afternoon into the evening. focused on the burn region where 2 to 4 inches of rain is expected. stay tuned to the forecast because it could change. the winds out of the south from 15 miles per hour in the valley floors up to 60 miles per hour at the bay area peaks. downedplines and electricity could be out -- downed power lines and electricity could be out. wind alert from noon tomorrow through 6 a.m. tuesday mor

s system is coming our way from the pacific that will bring us rain as we get into wednesday.may see showers early and that it looks like the second part of wednesday we will see heavier stuff, even the possibility for some isolated thunderstorms. scattered showers remain in the forecast for thursday and maybe friday. today, partly cloudy skies. increasing cloud cover into the evening. by 7 am tomorrow morning, it's off the coast. it would need to speed up by an hour or two and it's impacting the morning drive. if it slows down a little, we are in the free and clear until the afternoon. here is the 5:00 drive tomorrow where we are fairly covered with light rain. the possibility for afternoon thunderstorms. thursday we start with some scattered showers. that continues into thursday afternoon. the latest model showing us a good way by thursday night. this has been changing with each day. with that said we call for study of rain on wednesday. scattered showers on thursday and friday. today, we will remain dry and partly cloudy. temperatures, 41 in santa rosa. 45 in oakland. 48, s

pacific. jeff ranieri is with us. >> parts of the south bay could have higher totals. cold front is 316 miles offshore. once it gets here, see heavier pockets of rain move in. satellite and doppler combined, show you sampling for tomorrow. that's where we get the chance of heavier rain in the forecast as we head through wednesday. for the commute most of us will be dry. showers in north bay. then start to see things pick up about 9:00 to 11:00 in the morning. details and full time line, but want you to know as rain moves in, winds 10 to 25 miles per hour out of the south. new update coming up. >>> woman whose window was shot out by bb gun this morning. didn't want to go on camera. candice was on her way to san jose to babysit her grandson. may be random act but this to say to anyone in the same situation. >> you have to think, don't just react. pay attention to what you're doing. mental plan in your head immediately. just want people to pay attention. never know what is going to come your way. when you get in the car every morning, keep an eye out. >> there are no lead

so that came out of nowhere but we had conquered puerto rico and spain has to give us an island in the pacificand before we were even entering into the negotiations. they asked them to operate to negotiate with a gentleman who said you can't get any more glory than you've already gained in this war of yours so i assume you will be very generous than the question was what was he going to do about the philippines and while the negotiations in paris were going on. we are building this big global navy annavy and you couldn't hae station without controlling territory over the world and it was the best place that he couldn't really control it unless they moved on but the whole rest of the philippines they were not able to keep them at all so now that they've been defeated the question was who is going to have the philippine senate will have to be us or germany or some other power for the colonies and if they have all these other islands they basically decided i'm taking the whole thing. as you know it is very much like the vietnam war and it was a difficult. as i say, that seems to be a consequentia

of euro pacific capital who joins us from connecticut peter happy new year and thanks for being with us again we've certainly had a crazy good equity markets in the last thirteen months or more what about commodity marker markets going on so far in the last year or so and going on in the future. well i'm very bullish on commodities in fact more so than on most stock markets particularly in the united states and of commodities had been in bear markets up until i think just recently we've broken out of some rather substantial down friends that have been in place not just for commodities in general but for commodity companies many of these companies have been heading down since two thousand and eleven when a lot of clout of these peaks and we've seen some down trends break there as well so as an investor in both commodities and commodity stocks i think things look very encouraging but i think you know overall a lot of the inflation that investors were happy to have manifest itself in asset markets like stocks and bonds and real estate i think a lot of that inflation is now going to fina

us. let's bring in ray ferriss, head of asia-pacific fixed income research and economics. s from singapore. good morning to you. i'm curious, maybe to begin, give us your take on the federal reserve, the fomc minutes from yesterday, a couple of your competitors interpreting those minutes as more of a hawkish tilt for u.s. monetary policy. ray: i think they are more of the same. there was not really a lot of tremendously new information. as was mentioned, it is very clear the majority think that at least three hikes for next year. the fed seems to be on autopilot. they are hiking consistently, albeit gradually. they are hiking closer to the dots than not. markets are better priced for that than they were the beginning of last year, what -- last year, which is why the markets did not really react to the minutes. we think the fed will continue grinding rates higher through the course of 2018. tracy: i want to press you on that market pricing. we have seen a bit of a tick up in u.s. rates. if you take a look at the chart next to me, that shows some breakeven rates across a coup

counsel so i know the residents are grateful and resilient and also aware like all of us, of new vulnerabilities in the pacific. when this incident occurred i reached out to those i worked with in the past to understand what had happened. they had only harrowing tales to tell. imagine knowing you only had minutes to live before everything you hold dear could be destroyed. what would you do? i sure those people held their children a little closer. i did the same this system failed miserably we need to improve it and get it right. amen. let's get to work that starts with a preliminary port that we produced today for the chairman calling for an investigation which was the right thing to do also thanks to the efforts of public safety and homeland security bureau. but it could have been avoided we need to take these facts and use them to improve the emergency alert system across the board. we can start by considering how this agency could develop best practices at the local state and federal level. we need to incentivize them to the emergency alert system which is subject to regular filing and review while you're a

and spain had to give us in the pacific turn out to be guam. that has to happen before we lose the negotiations. and that's really tough diplomacy. and then he basically said after the philippineses which he had essentially acquired we took over after admiral dewey he destroyed the spanish in the the bay. he said, disposition of the philippines is u up to negotiation. well, thank you mr. mckinley spanish was say -- they asked the -- back to the united states to operate in their and a half in imoasht for them gentleman by name of ken he said to mckinley can't really get anymore imloir than you've already gained in this war of yours. so i'm assuming jowl be very generous we found out he wasn't generous at all but then question was what was he going to do about the philippines? and while negotiations in paris were going on, peace tree hi negotiation he pondered it and concluded ultimately that he had to have a station because building this big global need, and couldn't have a global native without calling station or calling station without control

so i know the residence are grateful and resilient they are aware, like all of us the folder abilities in the pacific. when this incident occurred i reached out to those who i had worked with in the past to understand what had happened. they had only harrowing tales to tell. imagine with only minutes to live with everything you hold dear could be destroyed when this threat was over i'm sure people held their children a little bit closer as i did that night. this system failed miserably we need to improve and get it right. amen. that starts with the preliminary reports thanks to the chairman swiftly calling for the investigation which is the right thing to do also the efforts of our talented public safety and homeland security. they say this could have been avoided or mitigated so now take the facts and use them about the emergency alert system across the board. and looking at the state or local or federal level. and with the emergency alert system which are subject to regular filing and review. while we are at it address street one -- training that reduces the likelihood of error. and then to audio a

the weather systems are lining up there in the pacific giving us more shots of rain early next week.looking good. let's enjoy the weekend. upper 50s and low 60s in san francisco. inland areas, up to 64 degrees on sunday. that will be absolutely perfect. let's head over to mike. i don't know if this commute is perfect. >> not quite perfect, kari, but nothing dramatic. i want to show folks, 87 is sensitive for folks in the south end because it can be slow and is, indeed, the slowest in silicon valley. the earlier crash looks like it is no longer a distraction north 87 toward 280. the rest of the bay shows a smooth drive. here, west 80 toward nut tree two earlier crashes look like they cleared. we have the closure of 121 near wooden valley because of a landslide, a deadly landslide and pete suratos continues to cover that. the metering lights are on. back to you. >> thanks so much. coming up next on "today in the bay," a surprise for a young girl whose dad was deployed overseas. these always get me. we'll see the emotional reunion caught on camera. >>> an expensive and unusual problem w

let's get more on the story on an boj, joining us is asia-pacific economist.bit surprise we are already having this conversation on the boj, i thought this was a 2019 story. is there economic justification for them to start talking about pulling back? >> that is a really good point. investors have become a little bit nervous because of a series of factors that have happened in the last couple of months, and might have overreacted to a series of news. on one hand, we have global liquidity, the ecb has started to cut the pace at which it buys bonds starting from this month. corona -- governor kuroda did mention reversal rates in zurich last month and that took everyone by surprise. to make anyo early changes in monetary policy for a number of reasons. first of all, nobody wants to risk yen inflation. especially given that the cold and -- the current goldilocks environment still has a few months in recovery in japan is primarily export lead. secondly, with governor kuroda being near the end of his term, it is unlikely he will do anything to jeopardize his legacy.