Germany is set to rein in public and private parties. Its inflation rate falls further below zero. The ecb may need to do more. Christine lagarde speaks in 90 minutes time. Disney cuts deep. They will lay off 28,000 workers at its resort business, leaving one of the deepest economic scars of the covid era. Welcome to the program. Just gone 7 00 in london. Waiting for data to come out from the u. K. Economy and some news expected from shell. Lets get to the u. K. Data first. This is the final reading on u. K. Gdp, coming in not far away from where we anticipated it to be. Estimate was 21. 7. 19. 8 percent for the quarter on quarter numbers. These are all negative. A retreat of 19. 8 in the second corner. The estimate was 20. 4 . Thats just a small detail. We are dealing with incredibly large negative numbers. They are very backward looking. The real question will be, how does that data perform . How has the economy performed since the Second Quarter . How will liberal perform as we head
Europe here. We initially saw quite a negative story coming out of europe. In the United States, maybe some stimulus talks helping propel the story a bit higher. The s p up by over 1 . The euro has come back. It is still negative on the day. We did have a 1. 16 handle. We now have a 1. 17 handle, but we have seen continuing dismal inflation data out of the eurozone. Yesterday was germany. Today it is france. A 0. 6 print. We get the final number friday. Alix totally different from the u. S. , in that we are able to generate some inflation. Christine lagarde with her strongest signal that the ecb will change its goal. She said it may be worth examining a strategy that allows inflation to temporarily rise above the target rate, similar to the feds shift. We need to thoroughly analyze the forces driving inflation dynamics today, and consider whether and how we should adjust our strategy in response. The anchoring of fixed rate expectations might have loosened. The wider discussion today i
And im Vicki Liviakis one of the hardest hit areas was the coffey park neighborhood in santa rosa. Our kron fours gayle ong joins us now live from santa rosa with a look at the rebuilding process, an Lessons Learned gayle. Grant and vicki this neighborhood is about 97 refills thats about 1300 homes. It was a night of october 8 2017 when the tubbs fire ignited it ravaged parts of napa lake and sonoma counties. The city of santa rosa suffered great losses. So many things that are in place down with fire calfire increase station during roadside mornings. All those type of things that spend you know coffee per cent of concern entire county is concerned theres also some mitigation that can be done just to help those in the surrounding areas, crack he lost his home in the coffey park neighborhood the community was virtually wiped out. 3 years later the neighborhood mostly rebuilt with mandatory coats to make homes safer from wildfires fire outside alarms. So the fire forced those offices, lo
Little bit better than yesterday as far as their quality goes 50s and 60s for current temperatures with dublin at 58 right now oakland and concord in the low 60s. While the north bay hanging on to mid to upper 50s currently later today, it will be a day lot like yesterday as they promise to daytime highs that are warmest only peaking really in the low 70s with most of us actually in the 60s so a nice fall like day to day im talking warmer weather around the corner though still ahead rob all right, thank you for the update john were checking in on traffic and we do have a few hiccups out there but ill give you the good news first. And that is our bridges are doing fine. Its a little busy here on 92. This is your trip across the 70 oh bridge you see the brake lights building in its always the first bridge to start backing up so were 12 minutes and growing making it over to the peninsula. Here at the bay bridge. We are delay free no problems no crashes no stall 7 minutes easy right on tim
This comes after modest advances you did see gains. The second out of the last three sessions as joe mentioned it has been a rough week we are on track now if we continue on this pace to have the first down month weve seen since march. Looking at all the gains theyve built up on all of this. You are looking at fairly solid gains. It is a matter of days before we get to the end of the quarter. Take a look at the treasury yields now, especially the 10year. 0. 661 hasnt budged. Weve been sitting at these levels for some time weve got developing news right now. President trump asking a u. S. Court to let a ban on the tencent app wechat proceed the judge is giving the president to 2 30 this afternoon to postpone a ban on tiktok downloads. It doesnt pause the ban but says they must defend the policy in a sunday court hearing. The policy is currently set for 11 59 p. M. This sunday so a lot going on with the kvdel saga it was 11 59 last week too. What happens if you cant download it . Did you