Chinas leaders meet to draft their next fiveyear economic plan and the virus recovery. We are live in beijing. Adi terry warning warning from the World Health Organization. We are in a dangerous place. We are not going to control the virus. Are we perfectly positioned for risk . I take you to the changing risk in the polls. And thethe bond market polls. A blue sweep from a 62 probability to 51 probability in a month. It is a curve. Overextended to the upside. These are the markets this morning with the risk from the white house. We are not going to control the pandemic. There are lockdowns in spain. Are you pricing equity market risk appropriately . Markets are trading what they see, not on what they hope. Goldman sachs say you will have to reach for risk. Stocks could outperform the credit markets into 2021. I take you into the response mechanism on the australian dollar, a high beta trade. There, the rba could strike next week with lower rates. You just shredded the cost of hedging a
California democratic congressman. His second Congressional District spans from the Golden Gate Bridge all the way up to the oregon border. First came to give a sense of the impact of the wildfires in the district and how your constituents are doing . Thanks for having me and asking. This is a tough summer for the folks in the Second District and all over california and much of the west. We have had the worst wildfires certainly buy a bridge that the state has ever seen. My district has borne a lot of thought and as we begin to get containment on some of the biggest fires, we are still not out of the woods. We have several more weeks of fire season ahead of us and the intensity of t the smoke has ben so great and has been held in place for so long that they are quality in almost every part of california is very unhealthy and so we are struggling and people are feeling the health effects. Many of them have been evacuated and have lost homes. Un host compared to 2018 which is known as th
Thats the worst performance in two weeks. The dow has been down. Nasdaq have been down five out of six the tech selloff was worst it continued down 3 led lower by stocks like apple the same old story big volatility coming. Those are really the tail thats been wagging the dog for a while. Youll see the nasdaq is lower once again the other two averages hanging in there the s p on the flat line nasdaq down another 50 points. Fur watching what is happening over the last two months they closed. Dow at the lowest level since the third. The 10year sitting at 0. 66 the story that seems to never end, tiktok. Here we go the owner bytedance applying for an export license in china as it pushes for a deal in oracle and walmart. They did not mention the pending deal and technology it was seeking to support calling the deal dirty and unfair they have no reason to approve it all of this raising questions about that prospect and what that would ultimately look like. What happened earlier in the week we
Parts of lake county, 24 customers would be impacted. This is a situation that is developing right now well have more information coming up in a live interview with pg any i lets going to check in on the weather is the live picture right now over downtown San Francisco. A hot one all day long red flag warning its going to be in effect for upper elevations across the bay area starting at 10 oclock tonight. Kron fours a chief meteorologist Lawrence Karnow is standing by with the wet in the Weather Center with the very latest laura you guys remember that after that last big he way we had. We had a Lightning Strike so were primed with the hot weather. Were not going to the Lightning Strikes this time. Now were going get the gusty winds so should a fire start in those kind of conditions extremely dangerous. Look at the temperatures we had today now is on top of the record breakers we had yesterday numerous records falling a 112 in livermore say one 11 in the napa valley, one 10 and santa ro
Meteorologist Lawrence Karnow about those fire dangers. Lawrence yeah, this kind of leading right into that right we have some extreme heat over these last couple of days and. These were some kind of records around the bay area that you rarely see but here we go a 112 today are recorded in Livermore Napa coming 111 also a record one 10 record in santa rosa richmond, how about that inside the bexar 107 degrees. A 107 also in redwood city and a 106 degrees in canfield and were not done there weve got more records 96 that was a record in oakland today, San Francisco International Airport 97 degrees a record in gilroy 112 degrees but all around the bay area. Extremely hot conditions and this comes on a day where we had extremely hot weather just yesterday. The only place that we saw some changes was right along the coastline. You see the 70s very comfortable in Half Moon Bay and instead of triple digit heat in San Francisco. It was 91 degrees but everywhere else was certainly very very hot