Some parts of the bay area. We have had temporary service to client that should ben lomond,. 4 inches of rain not have happened. So far. We are fixing this. Service here is scattered activity into lake county and northern improved across all categories. I am laser focused on improving will continue. This rain is helping out in service for the american public. Some areas. Poor air quality will remain in place for the east bay and the south bay. The u. S. House passed a bill thunderstorms remaining in place throughout the course of saturday to address mail the afternoon with a red flag delivery disruptions. It provides 25 million in warning in place until 5 00. Funding. Mitch mcconnell says he does not intend to take up the bill. Temperature wise, slightly cooler for some. President trump has said he will be to wait. The Republican National what you can expect for the convention is underway. Afternoon and weekend ahead. Delegates will vote later today to renominate donald trump. Lets say
Board. We are off the lowest levels of the day. The dow is at 25,290 there is the nasdaq. Concerns about the virus and new hot spots around the country are part of the conversation as i look at moves, i see a lot of buys that suggest youre optimistic about the reopening of this country. Yeah, thanks scott. When i look at my portfolio as a whole, i have a heavy bias to the nasdaq 100 the qqqs which have done so well i think that as we are reopening that if you look at technically, a lofts tt of stocks like south six flags, they all look similar. They are starting to make higher lows and higher highs. I think as the reopening happens, this is where theres still risk but we think its compensated risk longer term to own some of these epicenter names that we think as the summer happen, as the reopening is happening, i dont feel comfortable just owning the nasdaq 100 and sitting in apple and microsoft and amazon i want to diversify that this is buying low feels like. Theres a million reasons
Sterling in just a few minutes. And of course, the u. K. As well, where weve seen quite a volatile quite a lot of volatility. A little more than we expect it for labor turnover, 7. 2 6 7. 26on billiard million. Now for the extrusive interview. Kathleen i want to welcome our bloomberg audience for this interview with Robert Kaplan, president of the Federal Reserve bank of dallas. It is a windy, rainy day. Clyde you could make it over here. Interesting because you made it clear you are a voter next year. Lets put that on the table. Youve made it clear you are one of the 13 fomc members. You must be one of the dots that sees no rate cuts, no rate hikes unless something happens in 2020. What has to happen . Robert there has to be a Material Change in the outlook, either for better or worse. Ive already got baked into my outlook, we are going to have weak manufacturing next year, sluggish growth, pretty sluggish Business Investment, but with a strong consumer. There would have to be some Ma
Pace in over 20 years. Industrial output and retail sales fall short. Jay powells happy place. He says Monetary Policy is where it should be as he sees monetary growth continuing. I think Monetary Policy is in a good place. If developments emerge that cause a material reassessment of the outlook, then we will act appropriately. Anna less than half an hour to go until the start of the equity trading day in europe, this is what the futures look like right now. They look weaker across the equity markets. And for the u. S. Equity markets, we have the ftse 100, the cac also weaker. Expectations for a weaker start being paired back a little bit by some reassurance from the german data. Lets not overdo that because the global story around growth is not a positive one. Lets have a look at u. S. Futures. They also have been pointing to the downside. Lets see if they still do. They do, but not by an enormous amount. German data offering reassurance, but the state of the German Economy is still w
As a sectarian attack. Our political correspondent, now a closer look at stories from nick eardley, reports. What does he want the eastern counties, as the inside to be talking about . Out team investigate the number of the nec agreed this morning crashes by on duty staff by the that we are going to consult on the future, of diversifying the deputy leadership emergency services. Motoring positions to reflect the diversity of our society. Offences committed by 999 staff policies . While they are on duty. If members his plan for government . Definitely. Of the public think they should be judged as they are, officers spell the green industrial revolution, Green New Deal drive exactly as they do. They will that we are putting forward. Factional infighting, getting rid not be to get to of his deputy, probably not. Tom watson is the deputy leader of the party and i enjoy working with him. But, as labour gets ready for its annual conference, it is an internal row that is dominating. After mr