To the upside. Other news coming through about approvals for future houses as well. The asx up 119 points. Thats move along and look at other Asset Classes. Crude trading yesterday with a 33 handle, hasnt had a huge rally since then. Part of that is down to russia and opec looking like they will not be hiking reduction in january. That news helping to propel oil prices up to over 97 in the last six hours or so. ,old remaining where it was just shy of the 1900 level. Thats ahead of the u. S. Election. The u. S. Dollar index marginally down, the Rate Decision coming expecting a 0. 15 cut in the base rate and we do have in anticipation of all that move slightly higher than that, and thats down to a commodity related currency and the crude price helping that along. Lets head over to new york and join karina mitchell. We start with the latest headlines on the pandemic. Starling fell to its weakest in the month, with an economy already reeling from similar measures earlier this year. France
Physical and lets you Business Trade frictions seeing chinas main growth engines volta its Services Sector is no longer booming putting pressure on jobs retail sales growth is at a 16 year low and chinese factory upward grew significantly slower than expected last month global answer best demand a weak chinas trade war with the u. S. Is dragging on and stock markets in the region of falling japans economy at least holds during the 3rd quarter growth of point 2 percent is well below the previous posters 1. 8 percent as pressure on policymakers in both japan and china to brand up stimulus. Lets go over to Chelsea Delaney off a National Correspondent in frankfurt chelsea where is all this leading. Really only further downward for both of these economies at the heart of the slowdown and japan and china is really the trade tensions between the u. S. And china which of put a drag on global trade but they also are both dealing with domestic issues as well japan has recently raised sales taxes
Protesters in hong kong have been using it to endanger police and with a cattle rancher in brazil who things that dreams are a better long term investment. Program care to give the World Economy a boost well a couple of people in washington could provide some help u. S. And chinese officials are meeting later today to commence their talks over reaching a comprehensive trade deal more than one and a have years ago yes. A trade war was good and easy to win well ever since the worlds 2 top economies have been clashing at various stages of ask hampering Global Growth along the way now they take another shot at resolving the. Its the 13th rhyme just talks and once again the question on everyones mind is will they or wont they make a deal after a 15 month conflict that seen both sides impose hundreds of billions of dollars worth of tyrants the stakes are high. America does not love imposing turf in fact we would prefer not to use but after years of discussions the no action tariffs are final
We have not heard of any injuries or structures being damaged. You can stay up to date on the wildfire and any other breaking news by downloading the a brks krrc 7 news app. Enable the push alert feature to get updates as soon as they come into our newsroom. We dont see any flames there. We saw a lot of pyfires breakin out early in the afternoon. A caltrain struck and killed a person in burlingame. The station is near california drive and burlingame avenue. The person was hit where the north lane crosses the tracks. Here is visit owe from the citizen app with a person on the scene. Commuters should expect delays as long as 90 minutes. Caltrain tweeted ten minutes ago both tracks are open in the area where this incident happened. Good evening. Thank you for joining us. Im ama daetz. Im larry beil. A date a couple marked as a wedding anniversary turn into a tragedy. They were crossing the street yesterday when they were hit by a car. The husband 39yearold Benjamin Dean was killed. His wi
headquarters in new york city. could a political battle that s splitting the republican party also influence the outcome of the actual war some republican lawmakers obviously think so, slamming ron desantis for arguing the u.s. should stop helping ukraine. what it could mean for the congress, the country and the kremlin. plus, the hugely consequential hearing on abortion happening right now in texas. how the opinion of a single judge could impact the lives and health of millions of women across the country and wall street under pressure again, with the dow falling from the opening bell, now down about 700 points, at least close to it. the new bank that investors scrutinizing and what it means for your money coming up. bus we start with the clash over america s role in ukraine, shaping up to be an early defining moment in the republican race for president. it pits ron desantis who has now aligned himself with donald trump by calling the war a territorial dispute, that th