Services. Westpacs full year profits plunge after fines for Money Laundering. Cash earnings falls. One of those stocks where watching going into the sydney open. Lets look at the market open. Sophie . Expecting some moves this monday. The biggest weekly drop since september 25 as investors adjust the some of the risk ahead. We did have the worst week for aussie stocks since april. Adding 0. 1 . We have amp shares gaining trillionter the this wealth manager said that a preliminary takeover approach of every management values the company at 4. 5 billion. Westpac has results out this morning. Later this week we get results upm alibaba which ticked single day sales early on sunday. The ipo is a big event we are watching this week. We are expecting a big pop here on thursday given the massive appetite we have seen for the offering. Friday had the biggest drop since june. Of a private survey of chinese manufacturing data. To focus more on the u. N. , lets pull up on the chart on the terminal
Have to believe in some ways it is being managed. August, but inng no way is the dollar reverting. It gets overplayed by the media. 1. 19. Ere it is, now 1. 1839. Francine the fact that you call this a boring august, i dont know what an exciting august looks like for you. We have turkey, the markets, trade. Your bar for an exciting august is high. Always exciting news. Here is with. Haska Kamala Harris accepted the nomination to run for Vice President with joe budden. Harris told the Party Convention that President Trumps failure of leadership has cost lives and livelihoods. Kamala lets fight with conviction. Lets fight with hope. Lets fight with confidence in ourselves and a commitment to each other. To the america we know is possible. The america we love. The political fight over the post office make clear the way for congress to resume talks on a virus relief bill. Democratic and Republican Leaders are hinting at potential compromises. The white house says it is open to democrats de
Usually it is conned by 9 30 p. M. Today, big fog bank but there are holes in it. It is not as robust as yesterday. At sfo, 50 degrees on the temperatures. San jose, 11 degrees spread. Temperatures will bump up a little. You can see clearing to the north. That will take us to near average temperatures. Santa rosa, San Francisco, hello for livermore and san jose. Lets get over to sal, it is 6 00 in the morning, is it all right out there sal . Is all right out there. We see it is getting more crowded on the short freeway, as you head out towards macarthur maze. It is not too slow. When you get to the bay bridge toll plaza it will be okay. You can see the macarthur maze. You can see the toll plaza, it is not a big crowd. Normally we had a crowd this morning, but it is not there just yet. Lets go back to the headlines. We follow a developing story and oakland where police overnight shot and killed a man who had an assault weapon. This happened at 11 00 and San Leandro Police started chasin
Cooler than yesterday. Exactly. We will see a rebound but they will still be below average except for San Francisco and oakland they are still near average. That i hit the wrong map, i got the wrong map. Lets get to the right map. There we go. We do have temperatures that will be a little warmer today after the amazingly cool temps. It was almost 20 degrees below. More son and the little warmer. 50s and 60s. That includes livermore and san jose. A little bit of an east southwest wind and yesterday was 15 to 20 selfies. But its a little bit below average for this time year. Except again, San Francisco and oakland and santa rosa. Anything to report were still pretty quiet . Its still pretty quiet steve. If youre out there right now you should be getting a decent commute. We dont see a lot going on. I want to show you what we have here. You can see the eastshore freeway is looking very good. And no major issues as you drive to the bay bridge or for that matter in the east bay. Even on the
Than 2 , that would be breaking the streak again today. We are seeing Dollar Strength continued to climb and crude is up 3. 5 on news we expect saudi arabia and russia to try to get together to figure out how to cut back some of that supply. Flipping up the board, i wanted to take a look at the residential market, in particular rates we have been looking at. Ellington Residential Mortgage rate is one i am looking at. It is up 50 verso. It is having its biggest intraday gain ever. It did provide updates on its portfolio and business operations, which is giving investors a relief. They did come out and say they have met all of their margin calls. They lowered they lowered their leverage position to a strong liquidity position. There is a lot of focus on the commercial mortgage and the residential market, how this would fare. Today people are less concerned about the health of the mortgage market. David . News. I like good to what extent is some of the lift we are seeing inequities Short