Singapore also in the red. Currency markets certainly, we have the sea and why in the frame at the moment. This is as we got the story today about beijing crossing gains in the yuan as it seeks to cheapen exports and bolster weak spending. That is a theory being compounded, saying a stronger yuan is ideal for beijing at a time when president xi is pushing for a more selfreliant economy. That is where we are with the currency markets. Yvonne yeah. Interesting call there. Thats more analysis with eddie cheung, e. M. Strategist. This all about shifting to more selfreliant economy in china. Given the gains we have seen in the renminbi, is it sustainable and how much tolerance is there for further yen strength . Eddie well, i think we certainly do believe there is more room for the cn wide to gain. First in terms of the dollar view, we think the dollar still has more room to go lower. We look at the indices, we are only at about three month highs. We are still below where we are in terms of
Chains required on interstate 80 and highway 50 and caltrans resorts closing down for a week starting tomorrow amid coronavirus concerns. We take a look at the wet weather system we are dealing with now. This is a classic winter storm moving into the bay area towards the sierra. The numbers are not excessive, but still we are talking measurable rainfall after a memorable february. San francisco over a half inch of rainfall. Close to a third of an inch for concorde. San jose just over a 10th of an inch. Santa rosa not nearly as much just under a 10th of an inch. As we take a look at the camera right now, looking towards the Golden Gate Bridge, we have a bit of a break in the action, breaks in the clouds up to the north. Here is a very active radar pattern in the bay area and also towards the sierra. You can see all the snow coverage here. A winter storm warning all weekend long through monday afternoon. Still snow coverage and portions of lake county, portions of Mendocino County on the
Across the uk. How will the rest of the weekend pan out . Well, you can the details you can find all the details with me a little later on. Good morning, im Stephen Dixon im ellie and dixon and im Ellie Costello and this breakfast on. This is breakfast on. Gb news. And you know, when honours are given out, i do. Yeah. Unfortunately, i havent been the recipient. No, but i get a bit peeved when its all people who get get it for services to broadcasting or services to acting or services to politics and all that stuff, because theyre basically just doing their job. Yeah, right. Yes. I think you should get them for doing things that are. And one thing which that are. And one thing which you to say, i dont you always used to say, i dont know if you do, but know if you still do, but police, police, lollipop men and women. Were often would get women. Yeah were often would get something. And always thought something. And i always thought thats great because theyre doing voluntarily. And was doi
And lofiason bank sees profits rise sending the stock to the top of the stoxx 600. Coming up, nobel prize laureate tells us why president putin commands so much power. Announcer youre watching Worldwide Exchange, bringing you Business News from around the global. All right. As anticipated, the eurozone pmi data is just hitting our wires right now. The eurozone august flash composite data coming in at a level of 52. 8, a little below the reuters poll. Reuters forecasted 53. 4. So its actually quite a bit below. Again, its weaker than what we saw in july and its weaker than what the reuters poll anticipation had been. The flash composite pmi data. The output price index, 48. 9. Thats a slight dip from what we saw in july. The flash manufacturing pmi data coming in weaker than anticipated according to the polls again. 50. 8. The expectation was for 51. 3 according to the reuters poll. What were looking at is a flash manufacturing pmi figure for the eurozone, which is the lowest that weve
This morning. Well tell you about them. Mans best friend may want you to sell the company. Petsmart is explorining alternatives as pressure from an activist investor mounts. Target posting Second Quarter operating profits of 78 cents a share, just shy of lowered wall street expectations. The retailer posted flat Comp Store Sales in the u. S. And cutting full year Profit Guidance as fallout from a massive data breach continues to weigh on the company. Target says sales, though, trends at least, improve this month based on early backtoschool sales, jim. We have a number, though, a guidance number, i guess, is the key for the full Year Adjustment of 310 to 330 compared with guidance of 360 to 390, and they go into why thats beginning to be below. I mean, some has to do with early debt retirement. Yeah. Obviously, a good deal still pretax has to do with cost in the breach. First, i said, are you kidding me . You got are you kidding me . Total disarray there. You did through the least of it