Have done more to prevent the disaster and should have warned people sooner as to the waters rising. Had we known what the san jose unified Water District new along with the city, prior to that time, i am not sure who wouldve gotten as much of their stuff out of the house is the could. There was no warning from the Water District or from the city and it was complete devastation for my wife and my children. Reporter this morning we heard from rob, one of the many flood victims, his home in the william park neighborhood was badly damaged during february. He and other flood victims are taking the legal action against san jose, Santa Clara County and the Santa Clara Valley Water District. The families and their attorney spoke saying that the Water District shouldve done a better job controlling the runoff from the winter rainstorms and all of that water eventually overwhelming the coyote creek. The attorney that filed the claims says that the disaster was clearly preventable. It is prevent
This is the second largest market in the world. Obviously when the president of the United States says something, everybody listens. Francine and building bridges. Theresa may prepares for her first meeting with the incoming u. S. President. What will the socalled special relationship look like in 2017 . This is bloomberg surveillance. Im Francine Lacqua. With me this morning, hsbcs global chief economist, janet henry, and Stephen Isaacs, head of the investment at alvin capital management. We will speak to one of the city of londons is known economists, roger bootle. That is in half an hour. First to your markets. Chinas offshore yuan falling the most in a year to pair a weekly rally. Mexican peso climbing after the central bank sold dollars. European shares falling a touch. Asian equities next. The allimportant monthly u. S. Jobs report and oil declining a touch. Straight to the bloomberg first word news. Heres sebastian salek. Sebastian the offshore yuan has paired its record weekly
Did you you got to clarify that. It wasnt just banging it out. Right, we made the band learn how to play this. And they played it very well. I didnt pick up on it, i very much enjoyed it either way. A wonderful service. I wanted to get a chance to pause and say that. Long time. I know, ive been married two weeks. Feels exactly the same. And im wilfred frost. U. S. Equity futures showing a bit of a respite from the sell. Keep in mind, were coming off that. Dow futures up 60. S p up 4. 5. And note yield preparing for janet yellen coming off a twoday fed meeting. Remember, its a press conference day. Were going to get the predictions from Interest Rate hikes from the fed. As you can see, were looking at lower yield, 153 on the tenyear. Were following on saras words. Lets have a look at europe right now, bouncing strongly today. Somewhat of a relief rally. There was one poll overnight that gave a onepoint lead, contrasting the leave polls that weve seen, albeit that poll last month was an
Its down 1 . Shanghai is down close to 1 . We are getting news out of reuters japan manufactures may cut profit targets. That is certainly a story that the market is watching. Heres whats happening in europe. The ftse 100 in the uk is the only average that is positive although only by about. 10 . Good morning. Well get to politics in just a minute. Starbucks missed forecast for the Third Straight quarter. Customers making fewers visits. Earnings matched estimates, but revenues fell short. Changes to the Loyalty Program and happy hour weighed sales. Also cutting annual sales growth target to 10 . Chipotle experienced a drop. Free food and Safety Measures failed to bring consumers following several food born illnesses last year. Dow components is set to report this hour. Well bring you the numbers. Thats about 6 30 a. M. In about a half an hour. All right. Scott. Good to see you. Thank you for being open to the early wakeup call. Get through this together. If we were up late. No better w
Mike hset that fog could be an issue throughout the day, mike. We are looking over here on the outer side soft san mateo bridge. I saw a caravan of flashing lights. We are going on that span. You see no slowing on this map. Typical for west 580. That orange highlighting there. That fog along the coast. Over towards highway 101, petaluma, no major issues, we are tracking. We are tracking breaking news, a deadly hitandrun in the south bay. Today bob redell is joining us live from the skeemo thhe from jackson avenue. Reporter i have jackson shut down for a couple of blocks. The coroner is coming. This is after a woman hit and kill. It happened around 12 30. He was hit by a driver that would not stop. Police say she was between 20 and 30 years of age. There were witnesses that stayed with the woman. Helped identify the driver, police pulled over this person a short distance away on southbound 680 at the king root offramp. Police believe there was a second car that hit the woman and fled th