Morning, and then going into the upper 60s by early this afternoon. You notice yesterday we have the high clouds moving in, were going to see the same thing again today and our temperatures matching yesterdays as well. Well talk about whats ahead coming up in six minutes and mike is getting you out on the roads with the look at the commute. Kari i have a Traffic Alert which just developed. Aaron in our control room is watching the monitors and showed the flashing lights. We can see approaching San Francisco on that upper deck getting toward the city so shy of the fremont fulsome exit. They did not make it there. The vehicles involved in a crash are still in your middle lanes, that say problem coming off of the Treasure Island tunnel and getting into the tunnel, shows some slowing down, mid span so thats a problem and likely going to cause the metering lights to be slow as well on the oakland side. We have a build nor westbound 80 getting into San Francisco. Other routes throughout your
Germany finance minister says his government is spending enough to condition tend with the economic down turn, reaboving the criticism. We are spending a lot of money for Public Investment. We have a fiscal policy in the last years the only thing different is that we are not willing to have extra can debt ericson shares are on hold. Raising the full years sales o outlook. Welcome to street signs. Lets get right to the top story of the day sterling has pairs some losses after Angela Merkel says there has been, quote, Significant Movement towards a brexit deal the eu will negotiate until the last minute. The party says it cant back the current proposal as things stand. Concerns around customs and consent issues and the lack of clarity around vat as weve been discussing, the market is clearly making a distinction between stocks that have domestic exposure versus those with International Exposure you can see today, banks with exposure to the domestic market are the ones underperforming llo
Central Bank Governors a, the boj will reexamine prices and the economy at its october meeting after holding rates. There was a bank of england decision today and is nordisk bank the first hock standing hawk standing . Matt a lot of headlines last night out of the fed. First diving and then recovering, although not setting new highs again on the s p 500. Nejra i did find it interesting because yesterdays meeting and the press conference engender debate. I said it hawkish cut with a question in my voice because i am not sure it was hawkish. He saw division on the fomc but te tuesday 10 curve twos ns, but the equity market is key, as well, perhaps signaling something more balanced. And we almost got a whatever it takes moment from powell during the presser. Policymakers lowered their main Interest Rate for a second time chairman powell saying moderate policy moves should be sufficient to sustain the u. S. Expansion. The overarching story was one of division on the fomc with updated quart
Francine good afternoon if you are watching from asia. This was a couple of days after the news from the saudi attack on the infrastructure of saudi aramco. Bank raised its benchmark rate to 1. 50. They had flagged they would raise rates. Wereeason why people questioning whether they would do it is because the World Economy is more uncertain than a couple of months ago and you see a lot more dovishness from the ecb and the fed. Toit is quite difficult raise Interest Rates in this kind of environment. Eurodollar at 1. 1, and because it has been a very big week in oil, we have a look at the oil price. Norwegian krone on the back of raised, having a significant move to 9. 85. , we speak to the governor of the norwegian central bank. Dont miss that interview just after 10 30 a. M. London time. Lets get straight to bloomberg first word news in your city. New sanctions against iran are coming. This is from President Donald Trump in response to the attack on a key oil facility. Michael pompeo
Just after 2 in the afternoon here in moscow this friday september the 6 the warm welcome to our 2 International Im you know neil with your world news this hour. A newly released report by a conservative watchdog alleges theres a covert multi 1000000. 00 strategy to promote liberal values across the u. S. The document on the scheme to push certain topics from supporting obamacare to slamming Donald Trumps border wall arties done of has been taking a closer look at just how it operates. Whats more powerful in politics than money a strong candidate with a good program and idealist would say nothing a realist would say but a politician would say dark money dark money is the millions of dollars that behind the scenes donors are spending to send the political train down the track and according to the left leaning media its a bad bad thing because the conservatives do it because others have made billions and want to ensure that government doesnt limit their ability to make more conservative