Welcome to daybreak asia. We are coming down to ages major market opens. Haidi the top stories this hour. The market searching for motivation as a tame u. S. Inflation report the case for a fed rate skip. A weak 30 year option. Alibaba returns to Revenue Growth across all major divisions define chinas define chinas economic woes. Bloomberg learns chinas market regulators will meet developers and financiers on friday seeking solutions to a worsening property crisis. Kathleen we are waiting for the Rate Decision from the banco ce ntral peru central bank. Expected to hold again even though inflation is falling. They did holder key rate at seven and recorders percent exactly as expected. We are going to be looking for messaging because Goldman Sachs had predicted they might cut their key rate today because inflation has had a nice downward trend lately. If not today they will do it at their next meeting. That is the latest from latin america. We will be waiting for any Additional Informati
Welcome to daybreak asia, to you live from new york, sydney, and cutting down to the major market opens in asia. The top stories issue sops up ahead of the u. S. Holiday, traders looking at jobs reports and putting bets that the fed is near the end of the tightening cycle. Country garden said to have made a payment on a bond with a separate you on no. And softbank lining up biggest customers as Strategic Investors for their multibilliondollar chipmaker ipo. We are seeing some Downside Pressure today, but muted after the s p 500 saw its best week since june. We are in the Labor Day Holiday weekend in the u. S. , heading towards thin trading. What akin to friday it was interesting because u. S. Stocks rose but they faded after an initial rally as bond yields started climbing. We have a Strong Manufacturing number offsetting that optimism from the jobs data which showed more than of a controlled cooling which could perhaps lead to the fed pausing on its tightening again in september. We a
And the initial application preapplication hearing in october of 2013 so first in objectivity of 2013 as you can see those are the two structures on state street the rear of the property here those were third floor and secondstory not differentiated from each this was an original presentation the preapp meeting computed included the renovated expansion of the court next as you can see in by the variance hearing there was response to the neighborhood concerns a reduction in one of the building down to 2 serious stories the other than was that stories and at commission in 20159 other building was recused in response to concerns the project team heard from the commission and then finally we get to the current proposal the renderings showing two buildings with the presentation of who mature cypresses trees and the project team has come up with an Initiative Plan signed off by and arborist to protects so those with a setbacks 2 it order court that is the home that protects the trees has a 1
Fence and then the overpass should be open soon. All you heard was air. That was it, you know mplts it was going too fast. That was the first time this debris truck was in trouble. Witnesses saw it speeding eastbound. It instruction a light pole. That impact caused the truck to roll on its side some of the construction debris spilled on to the freeway but no one was hurt. What surprises witnesses is no pedestrians were hurt as the truck crossed the busy intersection. A little bit earlier and it would have been filled with school kids. Thats the pads over the rim. Thats where they walk to two to school. So a lot of lucky people today. Lucky. The luckiest one is the driver. Shahadi ran to the truck to help the driver who was trapped inside the cab. The truck did hit a car seconds earlier injuring two people. That vehicle subsequently crashed into a home on the corner of san bruno and somerset. Sky 7 hd was overhead showing how the collision landed. Police conducted their investigation an