Immediately. Reporter four buildings were damaged or destroyed by that building. Crews from stinson beach, southern marin and Marin County Fire Department responded. They spent much of the day clearing debris and trying to figure out what caused the tree in the first place fire officials said they were trying to determine if that fire was caused by an accident or if it was foul play. Ktvu fox2 news. Two men who were considered to be antigovernment extremists are charged with killing a federal Security Officer at the Federal Building in oakland. We are here now and one of the man is also accused of killing a sheriffs deputy in Santa Cruz County. Reporter two officers were killed by the same man nine days apart according to the fbi. They say the alleged murder was a Santa Cruz County man who had ties to an antigovernment extremists movement. Reporter the department of justice announced charges against these two meant for the metro of David Patrick under and the attempted murder of his pa
Studied after a jump overnight. Steadied after a jump overnight. You are seeing the likes of the aussie, which gained a bit yesterday, off those highs. U. S. 10 year yield snapping out of three days of gains at 74 basis points. Brent crude sliding on concerns of that second wave in china. As we mentioned about geopolitical tensions, we are moments away from hearing south koreas president ial Office Briefing on the north korean situation after that Liaison Office was bombed yesterday. We are seeing a little bit of reaction with korean assets. Not a whole lot when it comes to the stoxx, although you are seeing to the stocks, although defense stocks are up today. The won taking it on the chin. Weaker by 6 10 of 1 . Vol spiked up just slightly. Haslinda geopolitics adding to marketweaker by 6 10 concerns. China has ordered all schools in beijing to close as it struggles to hold a new coronavirus outbreak which has already spread to neighboring provinces. Lets head to the capital and our ch
Airline heavily criticizing the bailout deal the worlds biggest lighting maker has made a product that can degrade the virus and disinfect indoor areas all the applications we are putting into the markets are safe the good news is that it is also good for covid19. South koreas minister agrees to step down after north korea shows footage of it blowing up on the border a warm welcome from street signs. The stoxx 600 is in the green. There have been a few significant positive developments in the last 24 hours, we had those strong retail numbers come through providing a boost in the u. S. And europe. On the health care front, we had Health Care News the uk major drug trial found that a 60yearold steroid, very common, widely available, cheap drug actually reduces the mortality rate of Covid Patients this is the first drug they have found that reduces death from the vie vus. We have remdesivir but this drug, dexamethasone cuts the death rate. We are eyeing beijing where theyve seen a new set
15,000. Take a look at the kospi. We are focused on samsung earnings. Samsung warning of a profit slide as this virus squeezes the tech industry. Samsung shares largely after the results came out unchanged. We are watching out for the singapore jobless numbers coming out this hour. 2. 6 , an 11 year high. We see this recovery momentum coming back in offshore chinese stocks. The moving average yesterday when things close, and we are higher here today. Bank of china among them. Dollaryen, a little strength. And some strength for the korean won. Oil remains the story, but take a look at volatility. When it comes to oil contracts, we are leapfrogging of june to july and seeing wild gyrations. We have bounced back after wti auched 10, but we lost quarter of the value when it comes to crude. It looks like volatility will continue. Into julywill roll with the spread of the june and july contracts especially for wti getting rocked by volatility. Tom we will get more on that story in a few minu
Countries. We are continuing to see the corporate fallout, we will get more details on airlines. Delta saying it is suspending u. S. To china flying routes through april 30. Asked theirsoft staff to work from home. Amazon as well. The longer it takes to test anybody, the greater the risk they will be spreading the disease. Mike pence saying most cases are mild and they have flulike symptoms. Compared to the tests the u. S. Have carried out, 2000 by the end of last week, compared to 140,000 in south korea. In the u. S. We are seeing 11. Lities rising to this is having a concerning impact on the markets. Lets get to the Market Action. Speaks,president pence we see markets accelerating losses. Now trading at the lowest level since september. The chinese equity come back facing a roadblock. Seng headedg hang for its lowest level of 2020, and s p 500 futures extending the trading session losses, closing down 3. 4 , now off 0. 8 . Earlier futures were moving higher as much as 0. 7 , so quite