Afternoon if you are watching from asia. Im Francine Lacqua in london. Ato era july manufacturing 46. 5, a touch above expectations. Watch,llar is one to also the u. S. 10 year yield. The markets broiled from what we heard jay powell say. Said they peace time rate cut has had an impact on the dollar extending. European stocks up. Pound is the one we have been watching for. 2110, this depends on whether goes for a hard brexit. Oil, 57. 8. We have an exclusive conversation with an exclusive executive and joining us later, the global head of research for blackrock. Before we get to all that, lets get to the first word news in new york city. Quarterpoint cut from the benchmark rate by the fed. That says it will stop drinking the Balance Sheet in august shrinking the Balance Sheet in august. This move dashes hope for a move. Er dovish it is intended to ensure against Downside Risk from week Global Growth and policy uncertainty. To promote a faster return of inflation to symmetric 2 objectiv
Black tesla. Now, the tesla was actually a rental car. I talked with the owner a few minutes ago who said he rented out the tesla yesterday afternoon through the get around app. Based on the Surveillance Video theyve seen from nearby hotels, it looks like the woman driving the tesla was speeding up Taylor Street and ran the red light at o fairel. As she drove through the intersection, the tesla was broad sided by the mini cooper and caused the tesla to spin around and hit a couple who was walking in the cross walk. Police say the husband and wife were visiting San Francisco from clovis, which is near fresno and both were in their 50s. The husband has died. The wife is in serious condition at San Francisco general hospital. Its very upsetting. What are we at now, 14 or 15 fatalities, involving vehicle visit ped in the city. Its becoming very upsetting. Reporter police do not believe drugs or alcohol were a factor in this crash, but say speed definitely was. Officers estimate the driver
Onshore breeze napa airport. A southeast wind continues to move up the Santa Clara Valley and also the peninsula and parts of the san mateo coast. 50s, 60s on the mild side here on these lows. A few mid50s to the north and upper 50s, although there are a have an wer, marion canyon onshore breeze in place that will lead to a cooler forecast today, 60s, 70s and 80s. We will have more on the weekend coming up soon. 6 01. Sal is here. Tonights giantsmets game, fog. Nothing we havent dealt or seen before. We have got to get you in the seats, my man. Theres a rumor im going on wednesday, the 24th when they play the cubs. You got it. See you out there. Good morning, everyone. Take a look at 80 westbound, if you are driving from the carquinez bridge to the macarthur maze, 19 minute drive. There have been no major problems along the way. You can see traffic here at the bay bridge is light. So its definitely lighter than usual, ie, probably think at this point they have turned the metering light
Border wall to the full 5. 7 billion hes demanding. The democrats proposal passed by the house has zero money for the border wall. It would open the federal government by november 8th while negotiations go on. Both proposals are expected to fail because either would need 60 votes to advance. But White House Press secretary Sarah Sanders would not directly answer cnns question about whether the president would veto the democrats plan. If it gets 60 votes is the president going to veto that bill . Look, the president has a proposal on the table. Hes laid out what he would like to see. Hes made that clear time and time again. The real question is why are democrats not supporting the president s proposal . Democrats are pushing back, saying the republican plan is onesided and made in bad faith. House Speaker Nancy Pelosi tweeting if trump gets away with shutting down the government to get what he wants, hell do this again going forward. He will continue to hold workers hostage to his deman