Pg e is preparing for power shut off this fire season, but they vow that this year will be different. California Public Utilities commission and pg e will hold a meeting this morning on the companys preparedness for the upcoming shut off. The press democrat report says pg e will cut the number of customers to lose power down by onethird because it made smaller sectors in the electrical grid. Many states grappling with covid cases and businesses struggling to stay afloat, the medical community is forging ahead on their search for a vaccine. Today in the bay Cierra Johnson is live in San Francisco to explain where researchers are in that search. Cierra, how can they be a part of it . Yeah, definitely. Were going to have more information and as those researchers are working to find that vaccine that uses that type of technaology, that new Type O Technology theyre looking for a group of people to go forward with the study. Africanamericans and latinos this call for participants being made
Good morning and welcome to bloomberg surveillance, im Francine Lacqua. The focus firmly on earnings. Impetuso give a bit of to industry groups. European stocks rising. We had pretty good earnings for american tech giants. Speaking of Economic Data and some of the bad data we had out thee, we are also getting italian gdp figure. 15 and itmate was fell less than perspective. Somee also getting breaking news out of the bank of japan. Lets get straight to the bloomberg first word news. The spanish and french economies have suffered their sharpest contractions. Output dropping 13. 8 in the quarter. The eurothe whole of area comes out at 10 00 a. M. And is expected to show a 12 slump. Talks in washington over a new pandemic relief package making little progress. Senate republicans are planning to vote. It must be part of a comprehensive plan. It gives republicans a chance to say they tried. The u. K. Has reimposed lockdown restrictions across parts of the north of england. Some britons have
That once had the crisis under control and now under pressure. Americas top Infectious Disease expert dr anthony prepares to testify before congress on the countrys coronavirus response. Muslims around the world celebrate. With many under strict coronavirus restrictions. Over the sports including. Was. Returns with social justice high on its teams and officials meal in an anti racism protest. From the bron james later this hour. Welcome to the news hour we begin in hong kong where an ongoing political crisis is deepening the citys leader has invoked emergency laws to postpone septembers a legislative election by a full year terry cited coronavirus as the reason for the delay she also said it will be up to beijing to decide how to fill a vacuum in the citys legislature lets show caused by the delay it comes after beijing impose a Controversial National security law on hong kong a major blow to the citys pro democracy movement. The announcement i have to make today is the most difficult
And we have chris buck, with San Francisco public works and turn off all cellphones. Appellants, permit holders and Department Respondents are given seven minutes and three minutes for rebuttal. People affiliated must include their comments within the periods. Members of the public who are not affiliated with the parties, have up to three minutes each to address the board with no rebuttal and time may be limited to two minutes if there are a large number of speakers. Our legal clerk will give you a verbal warning before your time suppose. Four votes are needed. If you have questions about requesting a rehearing the board rules are hearing schedule email board staff. Regarding Public Access and participation. They are paramount importance to the board and they will replicate the inperson hearing process. We are broadcasting and streaming this hearing live and we will have the ability to receive Public Comments for each item on todays agenda. To watch on tv go to cable channel 78. It wil
Be risk on. The cash trade, less than an hour away. Here are your headlines. Big attack its even bigger. Alphabetacebook, and tune to techsumers to solve the problems of a global lockdown. The French Economy shrinks 13. 8 or after an increase in jobless claims shows the recovery is in shaky ground. Ibar, bnp arab are par beats all but one of the big wall street banks. Just an hour from cash trading. Lets look at futures. Futures futures, u. K. Are down but only slight moves. Nothing material. Nothing to show us what kind of direction we can expect. Futures right ww, if you take a look at the eif screen, also slightly mixed this morning. Of working slew earnings news. I will kick it off right now with natwest. Impairment charge of 3. 54. 5 billion pounds. Expecting less than one billion. In the Second Quarter, more than doubled the impairment charge for the full year. The company expecting at least possibly up to 4. 5 billion. The operating lost was 770 million pounds. Have iag asyou we