Theyre the worst affected the middle east country has reported another 230 deaths new infections or about 4000 for the 3rd day in a row and so restrictions are being tightened mosques will become mandatory outdoors in teheran from saturday still with iran and the us has tightened sanctions on the countrys Financial Sector measures against 18 banks that were already under american sanctions have now been ramped up over jordan in washington. Perhaps the biggest criticism of the trumpet ministrations sanctions regime against iran is that the culminating impact is that this is hurting the iranian people certainly we have seen that criticism coming not just from e. U. Nations but also from a wide range of humanitarian organizations around the world now the Treasury Department went in announced this latest round of sanctions against these 18 iranian banks said that these banks would still have exemptions so that they could bring in funds to facilitate the purchase of emergency food and medic
You know what, it is a reprimand from the Federal Reserve system and the office of comptroller. That is what is speculated. Francine this is what is getting a lot of attention today. Later on bloomberg, we will hear from ray dalio, bridgewater founder and chief executive officer, at 2 30 p. M. In new york, 7 30 p. M. In london. Lets get to first word news with ritika gupta. Ritika the west coast wildfires have become a campaign issue. President trump and california state officials sparred over whether Climate Change is contributing to the blazes. The president insists that poor management is the culprit, joe biden called him a corporate arsonist. Mexico, the hurricane has now been downgraded to a category one mexico. Sally will make landfall tonight or early tomorrow, but where is difficult to say. Hurricane warnings extend from new orleans to the florida panhandle. There he kaine is feared to bring deadly storm surge and flooding. Boris johnsons lawbreaking brexit bill has cleared its
We will have some cool down again next week ill pick after today we will have a little warmup but a lot of fog and storms in the mountains erupting the last couple of days. A little overcast and breezy to just a roaring delta wind at some Higher Elevations of 30 . 50s and 60s on the temperatures and there is some sun breaks but thats a pretty decent fog wake when you get 3045 mile per hour wins out there setting the stage for cooler day today. That fog bank is large and temperatures mostly below average today. In the city, do you want to start their . We do want to start in the city. Thats for sure. We have a big problem. A couple of different crashes with one car on fire on 80 westbound right here in symphysis go. You can see that it looks like the bar may be out but the lanes are blocked here from that picture we are showing you from a caltrans camera. I can put it on the map for you here and show you what it is doing to traffic. And slowing all the way across the bay bridge. Here is
And where. You can do it with out someone dying the Trump Administration says teachers should also have flexibility but its unclear how schools with staff classes if many teachers choose not to return in person. In washington. Alexandra le mount. Many College Students will also be returning to school this fall and with the coronavirus still spreading across the country. Safety on campuses now includes a delaying or completely halt in college sports. The big 12 is the only power 5 conference to definitively say it will play its regular fall season. And the big 10 and pac, 12 conferences have postponed football and all other sports. This fall the acc and sec have yet to officially say what theyll do. But many players and coaches want to play. Despite the virus. Wage based upon the medical information that we have and we believe that we have some of the best that are advising us and taking an enhanced medical procedures as long as we have a committed group and our student athletes have be
Last 400 days is we are finally on dollar support. We will talk about this through the show. On dxy, the blended dollar index , with strong euro contribution, we are really on the support of a signal to a weaker dollar. Jonathan it is the trait everyone would hope would develop it is the trade everyone was hoping would develop. We see that on the screen this morning. It is a tugofwar between pretty negative corporate guidance and the vaccine hopes that started yesterday evening. Lisa i would argue that the vaccine hopes are very much in the front of peoples mind this morning. The question of whether moderna can jack up production, as well as the Regulatory Approval they need to get this out and distributed. Meanwhile, more guidance from the big banks. Goldman reporting in about a half hours time. At 2 00 p. M. , the fed releases their july beige book. Some indication of how businesses are changing their expectations based on the resurgence in virus cases. Also today, opecplus meeting t