Once again i say good morning to we have been full by randomness. The story of the french banks this morning is absolutely extraordinary. Francine the french banks, but actually hsbc also disappointed. That is why we are seeing a to thebit of weight banking stocks in europe. I know you want to start with your data tom. Volatility for august. Tom lets do the data check as we go into august. I like what kit juckes of socgen says. August has some risk to it, and we start out with a turn. The markets lower, but the nasdaq 100 trading abruptly higher in america. We will have to see how the tech stocks open. In the yield space, it is a jumble right now. Maybe Early Morning u. S. We are not there. As we see the churn in europe and such. The real news is the u. S. 10year inflationadjusted piece. 1. 01. It breached one on friday, or maybe it was thursday. That is a huge indicator of disinflation. Merrick and oil under 40 a barrel gets my attention american oil under 40 a barrel gets my attentio
Time off. I hope you liked that fog yesterday if he was out on his bike. Kari, are we going to see more today . We will see it in the morning but not so much as we go into the afternoon. Live look outside in san jose and were looking at willow fwlglen and our temperatures notice the icons that show some clouds for the start of the day and as we head towards 11 00 and 12 00, we are starting to see more sunshine. We are still going to have comfortable weather but not as foggy and cloudy yesterday as we check out our temperatures reaching into the upper 70s in the south bay and low to mid 80s for some of our inland valleys. Well get a closer look at this in the forecast coming up. Mike, hows it looking for Early Morning drivers . A few crashes just start to populate our map right now and they dont sound like anything major and i did get my attention grabbed by roadside fire and over near port chicago highway. Actually closer to the eastbound side and thats where you see a little bit of sl
Michael mckee is here to help us break it down. Michael good news for those who hope the economy is recovering quickly. Atufacturing pmi comes in 54. 2, and the ism forecast of 53. 6. Take a look at the manufacturing new orders index, up to 61. 5 from 56. 4. At 62. 1,ction number from 57. 3. So a big increase in new orders and production that hopefully will keep the economy going. We heard Robert Kaplan this morning saying he thought things had turned around and slowed down. Manufacturers at least through part of july sam some good news part of july seeing some good news. The one thing we dont have is payroll friday, the ism employment number still comes in pretty weak. From 42. 1. If you incorporate that into your models, it might weaken a little bit what people are expecting for friday. Alix i am glad you said that because in europe, part of the conversation after the positive pmi was the employment and jobs picture doesnt look so good, but we are not quite there yet. I am wondering
Morales. Also ahead united against science well look at whats driving the movement in germany against karun virus restriction is. Our top story the head of the u. N. Food agency says hes worried lebanon could run out of bread in about 2 and a half weeks David Beasleys in beirut assessing the impact of last weeks catastrophic port blast he spoke during a un briefing on the humanitarian situation there 85 percent of lebanons grain came through the devastated port the World Food Program says it sent in 50000 tons of wheat flour to beirut to stabilize lebanon supply lines to be easily says some of beirut port could be reopened quickly to restart imports kristen salumi is in new york explaining what else was discussed during that briefing. This was a chance for the humanitarian affairs chief to brief members states on the situation on the ground in lebanon and the International Response so far secretary general antonio terus called it a huge catastrophe coming on the heels of the socioecono
Passed a resolution that will extend the term of hong kongs parliament by another year. The head of the Un Food Agency says hes worried lebanon could run out of bread in about 2 and a half weeks David Beasleys in beirut assessing the impact of last weeks catastrophic port blast he spoke during a un briefing on the humanitarian situation 85 percent of lebanons grain came through the devastated port area the World Food Program says its sending 50000 tons of wheat flour to beirut to stabilize the supply beesley says some of beirut port could be reopened quickly to restart imports christensen him in new york explains what else was discussed during that briefing. This was a chance for the humanitarian affairs chief to brief members states on the situation on the ground in lebanon and the International Response so far secretary general antonio terrace called it a huge catastrophe coming on the heels of the socioeconomic problems the coded pandemic and now this explosion and while he was call