The banking index very much under pressure. Names like bnp paribas dragging at lower. Rising case count likely to put pressure economically on europe. That is going to feed back into the Banking Sector. By 0. 4 . S up arodollar now trading with 1. 16 handle. We are down by 0. 4 . Alix as you were talking about travel restrictions and lockdown light, european leaders grappling with how to bring the virus under control. Hospitalizations are climbing following a surgeon cases. There are concerns about madrid being overwhelmed at a hospital level. Joining us is maria tadeo from brussels. Walk us through what we might see over the next 48 hours. Maria thats right. There isnt a single approach here from every european country from every european government. Every country is doing this differently. France had a record 16,000 cases. Of course, that is much higher than a neighboring country like italy or germany, which the french government keeps repeating that they dont want to go for a nation
By was johnsons plan passes its first hurdle in parliament. But he faces big obstacles in the house of lords. Heated debate President Trump clashes with california state officials over whether Climate Change is causing wildfires in the region. And the acts falls at the the citi,lls at citigroup resuming job cuts. Anna absolutely, lets talk about the jobs market, specifically in the u. K. , we are getting jobs numbers coming through. Jobless claims arising by 73,700 in august. To give you some context to that, that is lower than the previous number. In the prior month, jobless claims numbers rose by 94,000 in july. Perhaps if you are looking at that rate of change or the pace of the surge we have seen in jobless claims, it is not as much as last month, but we are living in a very strange o job market in the uk given the furlough scheme that is keeping in a lifesupport certain businesses thereby limiting the number of jobless claims. In the unemployment rate, the same applies. For threeo
Quality get a little bit better. Yesterday, we started off the day with unhealthy to very unhealthy air and now were looking at some spots even moderate air quality this morning. So that is the difference compared to what we have experienced over the last several days. Moderate air quality in santa rosa, and that is great to see it is or and starts in San Francisco, napa, fairfield, rio vista, unhealthy for everyone for san rafael, oakland, redwood city, livermore, and san jose. We are beginning to see a little bit of improvement and we will continue to improve with the air quality as we go through the workweek. Looking at that spare the air alert that remains in effect for the bay area, it is going a record 29 days in a row with our smoky skies and that spare the air alert. Our smoke model, as we got through the next couple of days does show the improving air quality. So there is hope as we go through the next few days. We will talk more about that, the better days for air quality, co
Described as potentially one of the most powerful typhoons to hit the country in decades. Officials are warning there could be record breaking winds in affected areas this weekend. Theyre also forecasting heavy rain across the region. People are being urged to start preparing as soon as possible. Its prompted rice farmers to harvest rice crops a week earlier than normal. Translator i only hope the typhoon will pass through without causing damage. And a major japanese Delivery Company says it will suspend services in the kyushu region to ensure staff safety. To find out more on where thehe storm iss headed, lets bring i yoko komagata. Back to back storms have left damage in southeastern japan and the Korean Peninsula. This is a path of typhoon maysak. Conditions have improved in many parts of the Korean Peninsula, but the next storm system is on the way. Typhoon haishen is likely to track along a similar path of maysak. That means more heavy rain is expected, and that could lead to furt
Say the least after a bit of a rebound the other day when i was on with you, yesterday i was not here for what was a decline overall in all the markets. I think we are in a new era of volatility. Every single time we get an up opening people say, okay, i guess that selloff is over and when we get the printed selloff people say this selloff is going to go on for ages. I urge people to step back and recognize we are in a period where theres a lot of vacuum, a lot of people trying to buy when its going up, a lot of people trying to sell when its going down and just interpret that as just being enthusiasm, greed and then fear and accept it that its here to stay because its really the undercurrent behind these moves. Okay. And what does that mean in terms of this socalled playbook that you often offer people who listen to what you have to say sure. It means that if you think that it is going to bounce today because it was down hard yesterday, dont make the first move wait to see whether the