Downside. A big piece of the story you are seeing on your screen is the oil market. Were watching was happening in oil, it is pulling back as russia and saudi arabia extend their supply cuts until the end of the year. Yields on the twoyear and the ten year also climbing for the second day and a row. What you need to know, that is coming up. Taking a look at european markets right now, as you can see we have a few things going on in the european markets. They are on the reds, cac 40 is down, the taxes lower, not to each overnight. A mixed bag chinese real estate giant evergrande stock jumping 70 after developer Country Gardens managed to avoid default over there. As you can see a mixed story but the shanghai are actually in the green. Here at home democrats are voicing concerns about President Bidens electability as he faces criticism on the economy and worries about his age. New accusations of playing politics between ron desantis and Vivek Ramaswamy as voters watch the race for the go
And a good morning to you on this labor day. Im diane macedo. And im nick watt in for kendis gibson. We begin with north koreas latest nuclear test posing a bigger threat than ever before. Kim jongun is facing International Outrage for detonating whats believed to be a powerful Hydrogen Bomb as the world waits to see how the u. S. Will respond. The u. N. Security council has called an emergency meeting. Meanwhile, south korea is flexing its muscles. Abcs janai norman has the latest. Good morning, janai. Reporter nick and diane, good morning to both of you. This was the pose powerful military act ever by kim jongun and it was met with swift global condemnation though its still unclear how the white house will respond. A strong warning overnight from south koreas military to pyongyang. Live fire drills simulating an attack on north Koreas Nuclear test site. The move follows the norths six Nuclear Tests reported on north Korean State Television as a Hydrogen Bomb that could be mounted ont
Right now outside. Good morning. Its a spare the air day today. I know not many of you are commuting into work, but a good day to carpool or use mass transit because of the terrible air quality. Going to take you back to the only issue we had, northbound 101 under university. We had a crash on the overpass on university, and someone h the guardrail. A little concrete fell on the main line of northbound 101. That has been cleared. All lanes are open and the Structural Integrity of the overpass is fine. Nothing to be concerned about. We have really light drive times today. Ill show you some of those in a few. Thanks. Well, its the decision dreamers have been dreading. President trump is expected to announce hes ending a program that protects undocumented immigrants who were brought here as children from deportation. The program is daca, which stands for deferred action for childhood arrivals. The decision to end daca means socalled dreamers would no longer be allowed to work legally and
Open at 7 minutes. 13, westbound 92 across the san mateo bridge, and westbound 84 looks great as well in the green at nine minutes. Hearing about a new collision on the peninsula. It sounds pretty minor but well check on that next. Thanks, alexis. Its the decision dreamers have been dreading. President trump is expected to announce hes ending the program that protects undocumented immigrants who were brought here as schirn from deportation. The program, of course, is daca, which stands for deferred action for childhood arrivals. The decision to end daca means socalled dreamers would no longer be allowed to work legally and in certain states apply for a drivers license. Matthew dowd says he thinks President Trump is in a difficult situation. Country instead of looking for a commander in chief in this moment is looking for a chief of compassion in this. And that program obviously affects 800,000 people. He has kicked the can down the roa. He looks like hes going to give to the congress.
The mayor had outlined earlier how the money would be used. Housing, try to clean up the water, try to resolve conditions so the people can move in. Reporter he says he plans to hold the mayor accountable for making sure the money depose directly to flood victims. In san jose, david louie, abc 7 news. This is fantastic but the flood victims still need more help because that recovery is going to be expensive. You can donate 10 to the red cross by texting the words red cross to 90999 and that charge will show up on your phone bill. The u. S. Army corps of engineers is responding to questions about why more wasnt done to prevent the devastating flooding in the coyote creek area. A 1997 study showed the cost of federal participation in Flood Control Risk Management would outweigh the benefits. This morning the Santa Clara Valley Water District announced it will be reaching out to the army corps again and to congress for federal money after last months devastating floods. The district is no