Dependent. Lets have a look at what is going on with some of the moving parts in some of these assets. The 10 year yield was going up to 2 , which could signal all sorts of things regarding the economy and the u. S. Economy. And expect through the fed to be moving for the time being. The japanese 10 year yield has been on a tear. Bonds have been following. The bond market coming back a little bit. Up to the zero level. This is the hang seng Property Index in lieu of the Property Price numbers we had out of china. Higher at the moment. About 6. 7 so far. Looking at the idr as it strengthens, we do get trade data that you give us a single how a signal how indonesia is bearing the winds of commerce. Lets go across the world and get over to new york. Su keenan is there. Start with hong kong, which faces a fifth week of disruption as protesters step up their campaign a the business district. The unrest is hitting the economy hard. J. P. Morgan chase and they caved a pacific are the latest t
Power lunch starts now welcome to power hundred mp. Its a record day on wall street the s p 500 notching new highs when tyler mentioned the dow and nasdaq are in striking distance. The nasdaq about 13 points away from that mark kelly. All right thank you very much. For more on whats sending stocks to new records today, lets go to bob at the New York Stock Exchange bob. Three things that are really mattering right now. Number one, trade talk optimism. Number two, the Federal Reserve cutting likely for the third time this year, this week and finally the Consumer Holding up well i think the Consumer Holding up is the key to all of this. I looked at the earnings calls for the 40 of kpacompanies that are reported so far, very clear. The consumer is holding up well and theres no concerns about a recession in 2020. Richard seeing the capital one ceo. I think the u. S. Economy and consumer is in pretty good shape. Me echoed many bank ceos that i heard saying the same thing. As for recession co
Minute you see an official walk up to that shot and well come bk to it live in the meantime let me show you where all these Power Outages now are impacting various communities around the bay and trying to al tour here before that press conference gets started beginning in the north bay weve got santa rosa as we zoom in weve been talking about how again it depends on where you are with that some sections of santa rosa in the dark and other sections that are seeing businesses normal literally business as normal, lets lighten just a little bit more to the right side is i want to bring the other direction i want to bring a downtown santa rosa into view here which is there we are so here it is the eastern half of santa rosa again in the dark this morning all these pink polygon is represent the areas where portions of the great have been intentionally turned off by pg however on the eastern side of the western side of santa rosa youre looking at operations that are going on just as normal. S
A shift in state employment law. It requires companies to treat contract workers as employees. Good evening. The bill is now on the governors desk and she expected to sign it. It puts a target on the Business Models of app based Companies Like uber and lyft. Ktvus Jana Katsuyama is in the city. Uber says the law doesnt apply to them . Reporter well, they are prepared to fight it out in court. This is a big change for the state as you mentioned and some experts say it could have impacts nationwide. Drivers who work for the Ride Share Companies say they were excited about this change but it could be setting up a much bigger battle. Millions of ride share drivers navigating the fine line between called independent contractors and employees. On wednesday california lawmakers passed a bill that would reclassify contract workers as employees. An uber driver was thrilled. Better than the super bowl for me. Reporter if it is signed into law drivers would qualify for standard employment benefit
To cause extensive damage in North Carolina tornadoes produced by the power of dorian have been reported throughout the region forming and touching down with little warning for South Carolina though the storm is passing albeit slowly some 3 have a lot of trees that have blown down but frankly the wind changed direction bearing the city from those large tidal surges dangers remain from flash floods and throngs go through when the forecast is an hour watching for that long predicted eastern turn of Hurricane Dorian and now for North Carolina will be vital residents in emergency staff in North Carolina are now bracing for the power of dorian as it creeps northwards this may be the closest yet that dorian has come to the u. S. Coast and the danger is a still life threatening stay informed no your zone if your zone is an evacuation zone get out theres no reason to stay behind and become a statistic or become a problem for 1st responders to have to deal with as Hurricane Dorian continues its