Flames shooting from their plane midflight. U. S. Open shocker. The worlds number one player is thrown out after his ball hits the line judge in the throat. What Novak Djokovic is saying this morning. And on patrol, the goat that broke into the Police Patrol car and took a bite out of crime literally. Good monday morning, everyone, and happy labor day. We begin with a new state of emergency in five counties across california because of fires raging through the state. More than 2 million acres are burning so far this year. Thats a record. One fire this weekend trapped 200 people. They had to be airlifted to safety. And now authorities are warning conditions could get even worse because of recordbreaking heat. Abcs faith abubey begins our coverage. Reporter this morning, a new state of emergency in Southern California after a wildfire exploded to more than 70,000 acres in just days and a terrifying glimpse from inside this inferno in fresno revealing smoke so thick, it blocked the midday
Board, again, trying to challenge the tesla hold on the market. Wm has a factory in shanghai. Lets check the markets. Risk off on the u. S. , falling 2 on wall street on the back of concerns about u. S. Jobless claims. The virus, above 4 million cases now in the United States. And as we said, concern that the economy in the u. S. Is in trouble. Screen, read on the broadly across the msci asiapacific, down. 6 . On the mainland would just talked about the proposed ipo by wm motors, small caps setting off more than 2 as we get for the end of the week. Ong kong looking attractive to investors, it seems, down. 2 percent, up despite concerns highlighted earlier. Weakened byyuan. 1 , currently around seven in terms of the offshore yuan. The aussie dollar and the japanese yen, looking at that as well, the 10year basis point, 58 for the 10 year as a result of the risk off we had at the end of the day on wall street. Chinese, 2. 91. Gold at 1. 46 in terms of the goldsilver index, and philadelphi
About an hour and 45 minutes. I want to thank everyone for joining us for the official remote hearing. I want to make sure to note specific requirements. Let me begin by saying Committee Rules and practice continue to apply during the hearings. Members are reminded they are expected to adhere to decorum. With that said, the period designated by the speaker, 965, from the rules committee in a manner that respects the rights of all members to participate. House regulations require members to be visible during the proceedings so keep your camera on. Also if you participate in other proceedings please exit this one and log back in later. Of the member encounters technical issues that prevent them from being recognized for their questioning i will go to the next available measure member of the same party and recognize that member of the next appropriate time slot provided they have returned to the proceedings. Should the members time be interrupted by technical issues i will recognize the n
Apply during the hearing but all members are reminded that they are expected to adhere to the standing rules including the quorum. With that said im designated by the speaker the committee will operate in accordance with 965 under strict it guidance from the rules committee to respect the rights of all members who participate. House regulations require members to be visible throughout a video connection during the proceedings so please keep your cameras on. Also if you park dissipate in the meeting please exit this one and log back in later. If a member encounters a technical issue that prevents them from being rack ignites for their questioning i would move to the next available member of the same party and i will recognize that senator in the next appropriate timeslot provided they have returned. To do to members time being interrupted by technical issues i will recognize that senator at after meeting time with her issues have been resolved. During questioning her testimony while res
India may miss growth targets as the virus cripples the outlook. Intel plunged after its new chip reduction process was delayed again. The company is under pressure as customers increasingly turn to rivals for chips. We are just getting pmi data out of australia crossing the bloomberg. The pmi actually rising to a record high in july. This is a preliminary number for services coming in at 58. 5. Manufacturing pmi also higher, 53. 4 from 51. 2. Composite at 57. 9. A big jump from the 52. 7 in the previous reading. That returnecting to some semblance of normality as part of australia exit the stricter lockdown. Going forward will be key given we are seeing a fresh sixweek lockdown from victoria. Lets take a look at how we are setting up this friday session. U. S. Stocks falling to the lowest in about a week after unexpectedly high jobless claims rekindling worries of the economic recovery stalling. We are seeing more recovery when it comes to trading in futures contracts come up about. 2