Showed that chinas trade exports contracted for the month of august largely because entirely because of the trade war with china and the United States well hear more about that from eunice yoon in a moment. Look at whats happening with the european markets that are open and actively trading a in the point. Right now most of these markets are in the green ftse is the exception down by a quarter of a percentage point. Also f you check out the treasury market here in the United States, youll see the yields that we have been watching oh so closely as we get ready for fed next week and ecb this year, ten year under 1. 6 , 30 at 2. 07 . Some news out this morning saudi arabia now confirming it has removed its Energy Minister from the position over the weekend replacing him with the kings son and that move breaking with long time tradition and convention that members of the royal family are not appointed to that position and comes just days after al falih was removed from his role after chair
Lofty goals to combat climate change. We will have details. Based cloudyork software company, data dog sees a pop in shares after the company goes public. We will hear from the ceo. Way launching its first highend smart phone since the Trump Administrations blacklisting. On thursday, the Telecom Giant announced its profounds. They pack a punch, including 5g capabilities, but all eyes are on that software and those huawei phones are running a free and open source version of googles android operating system because the u. S. Blacklist prohibits them from getting the official version from google. That means no Google Play App store to get programs like google maps. To tell us more, bloombergs Consumer Tech reporter, mark gurman. Talk to me about 5g. Huge deal . To be a is going massive deal at the end of next year in the u. S. Around the time the next iphone is going to have it. Right now, youre seeing more and more 5g Networks Coming online a little in the u. S. But mostly in europe and
Thats what we were showing. I cant imagine how moving that is. Lets talk about the forecast. Hi, everybody. We have a little cloud cover along the coast. Its clear outside, as you can see from the east bay hills camera. Here is my accuweather 12hour planner. Cooler this morning thanks to the lack of clouds. Mid to upper the rest of us in the mid to upper 70s at 7 00. More on the impending heat wave coming up. Lets get to frances for the commute. Starting off with a look at the traffic maps. We have some slowing this Early Morning on the peninsula northbound 101, a crash reported at marsh. Traffic is very heavy right now on 101 northbound making your way towards marsh. Theres some road work on 101 in both directions tween marsh and wood side. That could cause some slowing there. That should be picked up soon. Also you will find road work causing some delays on southbound 880 right now through oakland. That should be picked up at 6 00. Traffic very heavy in the southbound direction. Nort
Both sides claiming progress joining us for the entire hour, Karen Finerman, ceo of metropolitan capital welcome. Thanks for having me. This looks like a strong way to end what has been a strong week for stocks. What stood out to you in the rally . To me its the volatility that stands out to me. Volatility both up and down. Im always long bias, no matter what, which is a blessing and a curse. To me this is a scary time i think im a little more in cash than i would be and desk y definitely more protected. I want to be more hedged. So youve been buying puts . Yes over the last week i think the volatility i think it doesnt fully reflect the volatility that is out there, the tweet that could come at any moment. Why do you say its a scary time to me trade is really the issue here, not the fed. I think what keeps cfos up at night is not are we going to get 25, are we going to get 50 its what does our supply chain need to look like, how much can we pass on, how much do we need to absorb. Thos
Becoming deserted. Janet shamlian joins us from jupiter about 120 miles south of here. How is the wind and weather there . Conditions are getting worse very quickly here. The storm is 100 miles to the east. Were in between rain bands right now but the wind is kicking up. Its churning the surf. And its foretelling of what is to come. There is a mandatory Evacuation Order in effect. People are being warned to stay in their homes at their own risk. Restaurants, businesses, stores are all closed. And schools here will stay closed until thursday. City officials tonight are planning for street flooding and for Power Outages because of the storm. And tonight, norah, they are warning people not to come down here and sightsee at the beach. Norah . Janet, thank you. Nearly a quarter of floridas population is over 60. 93 Nursing Homes and seven hospitals have been evacuated ahead of dorian. And Mark Strassmann is in st. Augustine and found some folks who live a block from the beach that dont want