Years, along with china and others. Alix and today is the start of the fomc meeting, and hes been putting a lot of pressure on them. What are you guys doing for me and my growth . David it is fascinating that hes really accusing them of being a currency manipulator. Alix we have another headline crossing, saying that they a rate cut as a primary tool for stimulus, outlining what draghi said. What is surprising in that headline is that the rate cutting will be the primary one. David particularly because he mentioned Forward Guidance and the asset purchase program. Now the report is that when they do it, they are going to do it through the rate cuts. Alix to me, the question is how much lower do you want to go . You are already at a 40 basis points. How low do you go, and what does that mean for your tltro, the longterm Borrowing Program . David and ultimately, is that going to get them to do percent get them to 2 . They havent gotten close. Alix our other story is facebook, so staying w
Lagarde tells bloomberg of the ins is talking to china about the risks exposed by excessive debt. The superjumbo deal that the emirates is said to be negotiating. We are live at the dubai air show with the latest. It is 8 00 a. M. Here in dubai. I am yousef. This is Bloomberg Markets middle east. I hear there are some ancient tribal rivalries heating up in the middle east. Im not talking about any of this. I am talking about them versus boeing. You are live on the scene. The dubai air show is finally here. The last dubai airshow was 179 billion and recordbreaking deals. That is a high bar to live up to. In the time since a lot has shifted. The Competitive Landscape has shifted. We are talking about the visa bans. Numbers tell a story, middle east operations are growing at the slowest pace in eight years, the monthly growth. Lets look politically. The tensions are a lot higher with the standup up with qatar that has halted some key air routes. The economics have shifted as well. Have dr
Commute. Heres sue. We have a fourvehicle accident on the western side of the span. More towards san mateo. This is just past the toll plaza and not a lot of traffic here but once you hit the highrise, the brake lights go on. And we saw a tow truck earlier so its going to be in the clearing phases shortly we hope, and right now its an 18minute drive from hayward over towards foster city, and well take a look right now at some of your mass transit options going out this morning. The bus has been pardon me, b. A. R. T. Has been cleared up so dont Pay Attention to that, and no delays on the ferry. So far so good. This is the first time in 13 years apple is going to be hosting a meeting in san jose instead of San Francisco. Matt keller is live for us at the Convention Center. Reporter good morning, reggie and natasha. This is a big day for san jose. Thousands of people expected here at the Convention Center in the downtown area, and we have many people lined up early. Security is a big dea
60 degrees. Live livermore, 55 degrees. Clouds and drizzle. The sky 54 and by lunch time, 62 degrees. Patchy fog. By 3 00, partly sunny and breezy. Mid 60s in San Francisco. So we have the clouds and the fog this morning and into the afternoon hour, partly sunny and breezy. Heres the temperature timeline. Its not a change from yesterday. We have the Cool Temperatures coast side. Warmest location inland back up to the mid to upper 80s for your wednesday afternoon. More 90s in our fiveday forecast. As far as traffic, well check with alex. He has an update on the roadways and you have interesting traffic patterns because its unusual vacationing. It was interesting the last couple of days. Not a lot of people on the roadways. Hopefully you had some time to enjoy the holiday yesterday. The 4th of july holiday. And now of course, back to the grind for a whole lot of folks here, and you can see that evidence here at the bay bridge toll plaza which is starting to see a backup build. Right now
Says its not the first time. Plus the key witness is expected to testify in the socalled bridge gate trial in new jersey. But the big story on action news this noon is a man in Critical Condition after being hit by a car in a bank parking lot. Police believed it to be a hit and run and now they think its more complicated. Reporter initially it was a hit and run investigation however Police Believe they are investigating a robbery gone bad, they believe that the driver actually visiting from portugal may have been robbed at one of the at the wells fargo. Earlier this Morning Police towed away this white chevy recovered after an overnight investigation at the wells fargo parking lot. You see the front anne damage on the vehicle on the windshield. The Second District Police Responded to numerous 911 calls. It was in this northeast philadelphia parking lot before 11 00 last night that a 49yearold man was hit by a vehicle and they believe that that man tried to robber of the striking vehicl