Hour, likely to confirm thirdquarter results that beat forecasts. The first since the patriarch. It may losewarning Legal Protection over user content. Lawmakers accuse platforms of abusing their power for political speech as the election nears. First, lets get you started with a quick check of the markets. Sophie kamaruddin in hong kong. Sophie after the steep losses we saw for u. S. And european stocks, we are looking for a downside move here in asia with earnings also in focus and we have u. S. Futures edging higher early in this session. We do have aussie shares under pressure, off by. 4 this morning. This after the tech lead rebound we saw wednesday looking shortlived. And set under pressure, falling 3 after recording a 42 slump in profit. Those results coming in line with analyst estimates. Check out the aussie dollar holding about 70 but trading near a nine day. It could be in the making the next few days. Metzler about the board to check in on some other assets in focus. We are
United states over the past two weeks. Until we understand the magnitude and the potential duration of increases, it makes sense for us to pause, to make sure we are mitigating the virus, so we can continue to move forward and not backwards. We remain in relatively good shape compared to other major cities. We still continue to have lower infection rates compared to places like new york, philadelph philadelphia, denver, and los angeles. We continue to have the lowest death rate among major cities and the highest testing rate, as the mayor said, currently testing over 5,000 people a day. I am confident that working together we will again beat back the virus, as we have done two times before. But i wouldnt be me unless i reminded you, keep wearing those masks, so important, saving lives by wearing those masks, continue to physically distance, wash your hands, avoid large groups. The holidays are upon us and now is not the time to throw caution to the wind. Lets be here next year when, ho
California, the majority of the customers impacted rn napa county, Sonoma County and marin county and with thousands of customers in san mateo and santa clara counties that could also be affected. Pg e will open over 100 Community Resource centers to support those without power and there will be handwashing stations, people can charge medical equipment and other devices and they are also providing snacks. These are the areas to be impacted starting this evening. It includes every bay area county except for San Francisco. Now lets get the latest on the weather. This afternoon is when we get the wind, right around sunset tonight is when the majority of us expect to see them pick up and it will be windy overnight. But first let me get you out the door sunday morning. Temperature sitting right around 60 and a quick look ahead shows we will see numbers in the mid70s today and plenty of morning clouds. It should look gray at times to start the day with daytime highs into the mid70s for most.
We should not lose sight of what that means for people who are still struggling and the fact we still have a very deep hole to climb out of. The socalled [inaudible] workers at the low end distribution hedonic options to work from home and federal health is already fading away. Nasa been said about what this means for cities and as we see hollowed out downtowns with your workers coming in, buying lattes and what 115th congress has called any service that depends on a smile what does that mean for city revenues . One estimate suggests especially in high rent districts, employment is still at 45 of precovid levels. We arere about to explore the sinks a bigger graph of blog, my colleagues have a blog looking at what this means for cities and look at how really depends on state revenue structure, well exposure to covid as as the highly uncertain federal policy response. If i could get the next slide, please. There we go. The point of a blog is really going into this were a lot of things we
Cities krs the u. S. From the urban institute this runs an hour. Were about to hear some very good Economic News after recordbreaking declines in economical activity in the Second Quarter of 2020, well be see eyepopping consensus, 25 growth in the third quarter. We should not lose sight of what that means for people who are still struggling and the fact that we still have a deep hole to climb out of. Much has been written about the kshape recovery. Workers at the low end of the distribution who dont have options to work from home and for whom federal help has already been paid in a way. Weve seen who will owedout downtowns with fewer workers coming in, buying lattes. What does that mean for city revenues . One estimate suggests its in highrent zip codes, highrent districts, employment is still at 45 of precovid levels. So we are about to explore these things today. We also have a blog my colleague and i have a black about what this means for cities and each industrys mix and, of course