To southwest china washing away crops and homes. And the philippines businesses are closing at record rates because of the coronavirus small town. And this book by sounds all my advice for the Champions League final plus a miserable start to the postseason for the l. A. Lakers the n. B. A. Championship favorites go down to portland and their playoff opener. Which are. The European Union has held an emergency virtual me she called the crisis and bella route where there have been more than a week of protests following the disputed election and the e. U. Is considering expanded sanctions following a crackdown on protests which sort least 2 of them killed the e. U. Foreign Affairs Minister just a brow says president Alexander Lukashenko lacks democratic legitimacy before that meeting the woman who challenged in the election urged the e. U. To rejects the result he was declared the winner in a landslide missed the question has lost all the legitimacy in the eyes of the nation and the war on
Average daytime highs. 80 concord, 80 san jose. Warming up inland. Mild around the bay. 67 San Francisco, 72 oakland, 62 along the coast in pacifica. A cool down of the next weather system, details coming up. We are always streaming on cbsn bay area. Go to kpix. Com or the kpix news app or your favorite platform lets check in with gianna for a look at traffic. Taking a look at the roadways. A few things to look out for. Chp are working on a crash. Two separate alerts right now. Highway 29 at lawley. Use northbound lanes to squeeze traffic through due to a head on traffic collision this morning. Slightly better news on this trouble spot in rio vista. We had an Early Morning accident that had lanes blocked at 60 and 101. Everything is open but we see slow speeds still as a clear everything out. Accident and cars off to the shoulder. We will keep you updated. I am anne makovec. Breaking news this morning. New information. A 19yearold died after landing his vehicle in a canal this morning.
Good morning and welcome to daybreak australia. We counting down to asias major market opens. David im david in hong kong. Stoxx are set to face headwinds, futures are pointing lower amid the u. S. Holiday. Rba decision today, the bank is expecting to hold its key rate. Its governor phil lowes final meeting. On the housing crisis threatening to engulf surviving developers with about two thirds of the 15 major private builders in default. Breaking, alan joyces is stepping down early as qantas ceo after a bad few weeks for the company. Public anger over a series of scandals. We will get to that story later in the show. In the meantime, breaking news out of south korea, all start with gdp numbers, its not important. Whats inflation are the whats important on the Inflation Numbers. Gdp,. 9 . Just this than it takes you to. 6 . That is the gdp story in line with estimates. What is coming in hot right now is the inflation print which looks absolutely nasty on face value. Up 1 on month on mon
Faded across the european space. We started with some upside for european equities and we are closing out the session across the benchmark down a 10th of a percent. Never mind that you saw Material Impact from some of these policies coming through over the weekend in cities like beijing and shanghai with a tick up in home sales. Not enough to maintain momentum across the european space. We also saw yields on european debt taking higher. As you look to the restart of trade on tuesday after the labor day holiday, so downside of a 10th of a percent but a context that last week was the best week for u. S. Stocks since june. Eurodollar, 1. 0 seven, flat for the single currency and we continue to hear both sides of the spectrum on whether or not the European Central go further in its rate hiking trajectory. The next meeting and decision, september 14. Close to 89 a barrel on brent. Oil by the way is up since late june by about 22 . China of course a factor in terms of how you think about the
Welcome to daybreak asia, to you live from new york, sydney, and cutting down to the major market opens in asia. The top stories issue sops up ahead of the u. S. Holiday, traders looking at jobs reports and putting bets that the fed is near the end of the tightening cycle. Country garden said to have made a payment on a bond with a separate you on no. And softbank lining up biggest customers as Strategic Investors for their multibilliondollar chipmaker ipo. We are seeing some Downside Pressure today, but muted after the s p 500 saw its best week since june. We are in the Labor Day Holiday weekend in the u. S. , heading towards thin trading. What akin to friday it was interesting because u. S. Stocks rose but they faded after an initial rally as bond yields started climbing. We have a Strong Manufacturing number offsetting that optimism from the jobs data which showed more than of a controlled cooling which could perhaps lead to the fed pausing on its tightening again in september. We a