May have caused the fire. And me . Reporter the good news is firefighters seem to be getting the upper hand on the fire. It is holding at about 58 acres. The Forward Movement has been stopped but you will never take , assume anything for granted because of the heat and the wind in oakley. The fire broke out on sellers avenue ins oakley at around noon time. Scott sky fox was overhead. Residents along the delta road, sellers and criswell were evacuated by Oakley Police and contra costa sheriffs deputies as the chp blocked roads. Firefighters from cal fire and area fired from his battle the flames. Some residents others tried to get animals out of the way. The cops are going to arrest me. They wouldnt give us 10 minutes to get our goats and stuff and get out of your. We are not leaving. They are going to arrest me if i dont. Thats what they told me. Whatever. I have a dog here and my cat and clothing and water and blankets and pillows and things. And a litter box. My horses are right here
Noted therces have u. S. Has taken a standoffish approach in terms of the interarab squabble that has emerged between qatar and saudi arabia. We should also note the at the administration, including Jared Kushner, have maintained close personal ties with the saudis and last night the emir of qatar meeting with top Business Leaders in washington, d. C. Along with President Trump. The situation has been fascinating to watch the geopolitics and personalities as the global geopolitical chess game continues and again iran lurking evermore loudly in the background. David as i noticed from the guest list, we had banks will representative with both citigroup and bank of america ceo attending the dinner. Thanks to Kevin Cirilli from the white house. Lets go to the other end of pennsylvania avenue to sahil kapur and talk about the president ial race on the democratic side. One more and one less. Sahil thats right. Just in the span of 24 hours, californiall, the congressman dropped out of the pre
York and hong kong. The tough story this is hour. Investors await caution ahead of china inflation. Bloomberg has learned that the u. S. Is set to limit the scope of the ban on investment in Chinese Companies as it seeks to covert the damage to relations with beijing. Plus, we get the main line business and Economic Outlook speaking exclusively with the d. B. S. We have the jobless rate for the month of july coming in at 2. 8 . This is higher than the previous month of june 2. 6 . Its higher rate than economists have expected. We did have heavy rain since mid july. Also weak growth. Still, you have to put it into context. The 10year average for the jobless rate in korea has been 3. 6 . Post pandemic average has been 3. 4 . So yes, its a rise in the jobless rate to 2. 8 . But its still a resilient jobs number. And something that will make the bank of korea give more grounds for keeping as Monetary Policy when it decides on rates later this month. Annabelle. Alongside tokyo and sidney. B
Good morning, welcome to daybreak australia. We are counting down to asias major market opens. Kathleen good evening from bloombergs World Headquarters in new york. Top stories this hour. China traders shun a risk ahead of the u. S. Inflation report with oil hitting a high for the year. Bond investors willing to settle for a 10 year yield before below 4 in the latest round of the refunding options. Disney having gains after the bell after the prophets be the lower spending outlook. Chinas reopening helping themepark revenue. Kathleen the u. S. Is weaponizing trade after President Biden signs an executive order limiting investments in some of its companies. Lets take a quick look on wall street. It was a down day ahead of the cpi report. Nasdaq closing down more than 1. 2 . Nvidia laid the way but tesla, amazon and apple apple also losing ground. Theres a big jump in energy stocks. 28 surge in the european lng price was what led that. Also help push oil to a 10 month high. After the bel
For our audience worldwide, this is bloomberg surveillance on tv and radio. Your equity market on the s p 500 slightly positive. 3 . Cpi thursday, ppi friday. Tom inflation is the key dynamic. It was an odd weekend. It is in the zeitgeist, bloomberg reports bond prices up in china and yields down. In the inflation reports, is this tinge of deflation to come in asset prices worldwide . The theme of the weekend was deflation, beginning of deflationary worries into that key inflation report. Jonathan quite a ride in the bond market last week. Taking back a move from friday session. Lots of fed speak out there in the mix. Over the weekend, maybe another Interest Rate hike in the Federal Reserve. Tom it is going to go by the data. Job support, what do you think . Cut that way, cut that way job report . Jonathan still wages are hot. I think the narrative sticks, Jeff Rosenberg at blackrock talked about it that ultimately where payrolls growth goes, we will eventually follow. The fed says, we