At 4. 8 , premuch in line with expectations. 1. 8 , worse than expected. Retail sales are the weakest link in the recovering story in china. Than what the market was expecting. Property investment year to date coming in pretty much at 1. 9 . Versus an estimate of 1 . We also have the jobless rate coming in a tad better at 5. 7 versus 5. 9 . Which was expected by the market. Overall when you look at the economy, it looks like it is adding to signs the economy is picking up momentum. China probably will be reflecting in the rest of the world. Yvonne one of the key disappointments is still the consumption side with retail side still amiss in a negative fringe for a fourth straight months of 120 . About theuestions back half of the year. But the gdp is still the stand out. Take a look at the adjusted quarter on quarter. We are talking double digit growth of 11. 5 . The highest quarter on quarter at least nine years for china. This is how we are seeing things play out in the markets. Seeing
,fficials warning protesters stepping up its rhetoric on that front. David one of the interesting things is how any people are demonstrating. One recruiter one reporter said it is fewer people, but they are more violent. Nejra we have seen this. Everberate through the markets youre seeing u. S. Futures negative now. They were positive earlier. The 10 year yield dropped 10 basis points last week. We are down to a 1. 69 handle. Session backodays about 1500 an ounce. David the one clear winner is gold for the last week or two. Morning brief. E we get cpi data, followed by china retail sales numbers. We get german gdp numbers. Thursday it is u. S. Retail sales for last month, and walmart reports earnings. Friday, the u. S. Reports Housing Starts for the last month. It is time for the bloomberg first take. We are joined by Brooke Sullivan in new york and Kristine Aquino with nejra cehic. Lets start with argentinas shock, a big defeat for mr. Macri in the primaries that suggests he may not g
Lift when it comes to european stoxx 600. I am trying to figure out the risk. We are entering another monday. Again is at 105. 48. Gold is down. Cold acting as a haven. Gold is acting as a haven. Coming up, we are live on the beaches where we are speaking to sell vini. Here is viviana hurtado. Viviana tense week of protests and hong kong as violence intensified. Onstrators but themselves the Police Responded firing tear gas. The clashes follow three days of demonstrations. They began friday. Most protests were denied police permits. Saudi a ramin is posting a decline. Exporterbiggest oil posted semiannual results. That is down from 53 billion a year. Say it willcials sell shares in 2020 or 2021. This weekend, the opposition grabbing the moment the momentum. Thangives him a bigger expected lead of 15 Percentage Points. Posters have said he would have trouble overcoming the margin of over seven at the main election. That is in october. 32 people have been killed and 15 missing after a ty
That is simply, what is the job of planning . Isnt it to make sure we have housing and we have infrastructure and we have subway systems . We have a subway system that is brand new and doesnt go to the stadium or trance bay term ina its a failure. He have a new trance bay terminal that is built for a train that will never a arrive and yet doesnt connect to bart . What are we doing . This makes absolutely no sense. Thank you. Thank you. Next speaker. Good afternoon commissioners, my name is timothy right and im a field representative with carpenters local 22 and i was born, raised and still living on the west side. Thank you for the opportunity to speak. Im here today to speak against the proposed legislation. The legislation will be at odds of the citys over all goal of increasing Housing Production and improving affordability for residents. This legislation goes far beyond residential demolition. This would difficult in decreased Housing Production in the city. We dont need anymore la
Progress. Aside from that, i would suggest a few things that i would like to see in the legislation. I would like to exempt cosmetic, nonstructural things like cladding from the demo calculations. I would like fines to fit, you know, the crime. I would like things in addition to fines, like process, to weed out bad actors. So we know who they are, we know they are there frequent flyers. We currently do not have a process that codified to disallow them to keep gaming the system, other than fines. I think we can do that through a process. I would like to have the demo calculations and additions to be more targeted to neighborhoods. I know we have resisted that, but really build housing is very different in Bernal Heights than it is in balboa terrace. The consequences of maxing out bulk and height are very different in those. I would encourage us to look at that. I would just end by saying, we in this commission see the most egregious things. That is what bubbles up to the surface. As som