This point the nikkei ended flat. Hang seng was off just over 1 shanghai composite down as well. And in europe youre going to see at this point it looks like things are also in the red there. The ftse is the biggest decliner down by just over 1 you can see the dax down by 0. 75 if you want to check out crude oil prices, at this point youll see crude oil is up 36 cents 49. 92 facebook it is making a big bet on video. The social media site launching what its calling watch. Redesigned version of its video platform its going to be rolling out to facebook users over the next couple of weeks. It will include a mix of original content as well as live sports recommendations of what to watch will be personalized based on your interests and what your friends are talking about. This is facebooks latest push for tv ad dollars. Mark zuckerberg said video will be the largest driver over the next two to three years. A big push some people wont get it if youre on facebook now and go to look for it tod
Earnings. Joining us is Christine Harper from bloomberg. We are joined also by allison williams. Christine barclays and some of the banks around the world are up. Postbrexitthe trading and money market reform is coming into play today. That drove up client act timmy. Rates in particular. The fixed income trading is not really anything. Nobody was expecting that. Allison estimates started to come out and people felt better. We knew it was strong because of exit. August was a typical seasonal slowdown. Saw, inm things we general when things are accelerating, thats only 10 to get some of these beats. Christine its interesting. Thatd the First Quarter was terrible for a lot of banks. The Third Quarter which was summer was really good. Its up 48 year on year. On the money market reforms, how much of that is a oneoff due to that figure we wont see again in the next quarter . There is always a number of things that we are not going to see in the next quarter that we will hear analysts asking
Us. He thinks oil has also bombed. This year hell lay out his case coming up. Also apple giving a nice boost to the dow today. In fact, its the best performer. Its up more than 4 right now after word gout out that Warren Buffetts company. Also Julia Robertson has reduced his stake. Lets start with oil prices rising. Goldman turning bullish. Previously one of the most bearish forecasts over the past year, now saying prices could go to 50 in the next half of the year because of an oil deficit interestingly enough. And the oil market has gone from interior soaring saturation to being so much earlier than expected. With us now is anthony row sanity. Its the highest since november, right, so clearly the market is moving in a more positive direction here but how stable is it . You know, thats the big question, kelly. How sustainable is it. Its up 700,000 barrel as day. The weak dollar are driving this higher. After the summer it remains to be seen. How did we go from such a huge surplus to a
Center. A quieter market day. List two data checks like we did yesterday. The german report with the seminary, finally we are getting to where the government maybe is talking about contingency plans. Yes, very well respected. We havent had confirmation but what were hearing from politicians on the ground, this is something the government doesnt want to get into. But we do here that plans for Deutsche Bank national here more on them through the show. Lets get to the first word news. Taylor mario draghi goes head to head with some of his toughest critics today. He is in berlin where he will lawmakers whoan want to and record low Interest Rates in the area. They same it makes it difficult for eu countries for economic reform. Heposition labor party wraps up the fiveday labor conference today. He says that after having been elected party leader, he has a right to campaign on the issues he chooses. He expects theresa may to call an election next year. A typhoon has landed in Southern China
Of San Francisco yesterday. Today its cool. You will feel the difference. 13 degrees cooler in San Francisco but not shabby. 70. I have your full forecast coming up. Good morning. I think you might have driven through this, this morning, roberta, westbound Yerba Buena Island and fremont street. The right lane is closed for construction until 5 00. No major delays though. Bay bridge quiet off to a great start out of oakland into San Francisco. For an entire month an email scam grew more and more destructive at one bay area university. Only on 5 reporter andria borba shows us how the breach was detected and why thousands of employees have reason to panic reporter with one click of a mouse they apparently sent out w2 forms for thousands of employees reporter 3,000 employees with the academy of art are wondering how bad the damage s kpix 5 obtained a copy of this letter dated april 13 informing employees of the breach. We are dealing with a sophisticated International Internet fraud and we