The housing market. Chinas new loans may have hit a record in generate. Sources say initial Government Data shows new lending with near or above the previous monthly record of 364 billion. The credit storage highlights the challenge policymakers face in reducing leverage and deflating access bubbles. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. You are watching bloomberg. Lets get a check of the markets. Afternoon trading getting underway in hong kong and china. The hang seng index unchanged. Cory im cory johnson in for caroline hyde. Who is in for emily chang, i am still cory johnson, this is bloomberg technology. 97 Tech Companies take a stand as San Francisco becomes ground zero in president trumps travel ban. Plus, we will chat cap into Virtual Reality. A detailed look on who will be banking off of Virtual Reality. Uber is researching floating taxis. We will talk to the man who literally wrote the book on ubers flying car
Somewhere along the Central California coast. Showers linger monday night into potentially wednesday before dry conditions return late next week. And our Team Coverage of the storm continues this morning now with averi harper. Shes live san jose this morning covering the rain. Hows it looking out there averi . Downed trees also a big problem in san jose and the damage is cutting power to thousands of people. Neighbors on east empire street, near 12th street say this palm tree snapped and landed on a home. No one was injured. But the damage did not stop there. And near downtown san jose, pgande crews are busy working on damaged power lines. Several traffic lights out because of the power outage as well. Well. Outage as the power out because of traffic lights out because of the power outage as well. In california news. A powerful storm blew into sountern and Central California bringing heavy rain, strong winds, flooding and serious damage to the area. Kron 4s pam moore show us the damage
And here was the view egg angle 8 hd. Gorgeous view and heres what it looks like outside from lakeland, more blue skies. 78 degrees at this location and really temperatures have been comfortable this afternoon, a lot of us staying in the upper 70s or just very low 80s and no rain. We have really dry air thats moved in. So were tracking a few clouds around. Besides that though expect the clear skies to continue as we head into with comfortable temperatures as well. Were sitting at 79 in plant city, 76 in tampa, so friday night Football Games tonight at kick off expect mild temperatures in the upper 60s by the final play youll be cooler dropping back into the low 60s, if youre going to be out late this evening late dinner have that light sweater. Overnight will fall to around 56 in tarpin springs, 49 tomorrow in inverness, 59 in tampa, 57 in sarasota. So temperatures are going to be cool afternoons the next couple of days just about perfect hovering right around average in the upper 70s
Stocks the dow and s p are on pace for their best week since march. Were going to close out the month on tuesday. Were going to Start Talking about how to play this in june ahead of brexit and the fed, how to play it in a summer where stocks have alternated up and down for six years. But at the same time we have groups that have come alive. This tech rally is very real. It is broad based. Its chips. Its software. Its high growth. Its cloud. The bank rally is in its infancy. As we get closer to a rate hike, which i think we will get given the fact that these fed heads of carpet bombed us with the two to three, that bank group can get stronger. Net interest margin will go higher. Its very undervalued and i think it works. So right now and im not saying im sanguine because if we get a really weak employment number thats bad. Because theyll tighten into a weak employment number, but i like it. Were not focused on china as much. Oils reached a level where we dont have to worry about banks g
And featuring the legendary roots crew. Questlove 490 woo steve and now, here he is, jimmy fallon [ cheers and applause ] jimmy thank you very much [ cheers and applause ] woo woo, doggie hot crowd tonight hot crowd welcome, everybody. Welcome, welcome, welcome. Welcome to the tonight show. This is it. [ cheers and applause ] you made it. This is the show that youre here for. We have a great show tonight. Heres what people are talking about. Of course, its the election. Trump and hillary are really starting to go at it. In fact, today trump took a a swipe at hillary and said that he isnt sure if she understands the difference between a wall and a fence. [ laughter ] yeah, its getting nasty. [ laughter ] hillary was like, yes, i do. A wall is something you wanna build and a fence is the only thing keeping me from moving into the white house today. And you go [ cheers and applause ] guys, calm down back to your corners and yesterday former republican candidate herman cain said that one o