Italy at a record low. We will be going to italy in the next little bit to talk to maria tadeo about those talks. The lira down 6 10 of 1 . 8 10 of 1 germany lower. On a flurry of geopolitical headlines, we are joined by tom globalndstrat advisors head of research. Anything in the last couple of weeks to do with the fed, to do with earnings, that has changed your outlook fundamentally on yearend s p 500 . Tom i think theres been a lot of stresses to our base case. Our base case is assuming there is going to be china trade tensions and there isnt going a fed change. Vonnie how much is that a problem . Clearly we are seeing business spending cut back. We are also seeing businesses blame china, like autodesk, for example. How much is it actually impacting the economy . Tom i think the Downside Risk is really escalation. If we are talking about what was implement it even just in the past week, i think the levels of tariffs are still something businesses can work around. I think theyve prov
Page. Boris johnson will suspend parliament next month to limit debate on a no deal divorce. Joining chinas internet leaders to discuss the future of Artificial Intelligence. This trip threatens to annoy President Trump. Marketset a check of and how they closed at the end of the u. S. Session. The dow adding 258. 12 s p 500 was down. 7 . Everyone was in the green except for utilities. Energy shares beating utilities. The u. S. For more than expected. The volatility was low. Not volatility, but volume. Trading was around 15 below average. And lets look at how we are setting up in asia. Nexta we are set for a open in asia. We are waiting for the latest on the trade headlines as investors are held captive. But we did get positive news that chinese negotiators are talks. D to come for it looks like nikkei futures will open a bit lower, down about. 1 right now. That is going to be reversing the gains of two Straight Days. Futures like half the have little change and we saw it open up around
Creek near the town of byron. Right now the fires about 15, 20 acres. We are told that they do have it under control. No homes threatened. But you can see it is smoky and fiery out there. The crews will stay at that location to make sure it doesnt spread. We have super high temperatures of course. Well be keeping an eye on it throughout this newscast. Contra costa county where that fire is burning had the hottest temperature in the bay area today on a day of recordsetting heat. And more records may fall tomorrow. Lets check in with chief meteorologist jeff ranieri with more on that. Jeff. Concord did get up to 104 degrees. As you all mentioned, the old record was 100 set back in 2008. And with all of that heat today we are Still Holding on to some very warm temperatures outside. 79 in concord, 78 fremont, 75 san jose. And 76 in lake port. So the reality as you get up, you head out the door tomorrow, its some fast heating. You have to be thinking about this as you get up and get going t
Kamala harris is supporters tried to drown out a protesting group. They had the summer meeting here in San Francisco. The threeday event included talk of counsel and committee meetings. They introduced the crowd and said despite being competitors they had many of the same values when it comes to healthcare and civil rights. Everyone here wants to send miss mcconnell into retirement. Everyone understands that we an economy that works for everyone not just the few at the top. I bring this up because these are the proud values of the Democratic Party. The Democratic Party has been the source of war new ideas, creative thinking and practical solutions, more challenges to the conscience of our country than any institution that you can name. So lets take pride in that. Many events open to the public. The dnc meeting ends tomorrow. In San Francisco, ktvu fox news. Another president ial, a candidate has dropped out of the race. Seth moulton is ending his bid for the democratic nomination. He i
And retail sales. The industrial output question, the tariffs, trade war tensions are at play. In fixed Asset Investment, there was a view that might stabilize as a result of the bond issuance and pick up infrastructure spending. David i can tell you now that industrial output number is one ugly number. 4. 8 . The estimate was for 6 and i confirm with you guys, that should be the worst phase of growth for industrial output going back to when Michael Jacksons dangerous was top of the charging 1992. Miss we have alliancebernsteins chief economist for china. Bad numbers. 4. 8 . That is very low. It really for flex how the slowdown in reflects how the slowdown in china is happening. Currently china not only has the cycle but the uncertainty from the trade tensions. A double down pressure on the economy and it is happening. It is obvious they might need to do more because the economy seems to be slowing down a little more than what they expect. Do you think 6 growth for the full year, is th