Hang seng index was weaker down 0. 8 . The shanghai was flat. European equities this morning, if you want to look and see whats happening in early trade, green arrows across the board. The ftse is flat the cac is up by a half percent. The dax is up by 0. 2 . Crude oil prices which were up once again yesterday, weve seen at least six sessions in a row of gains, up to 45. 28. Here are the big stories. Good morning Tesla Ceo Elon musk tweeting again. When asked about speculation on the release date for the model 3, musk tweeted news on sunday the model 3 is teslas highly anticipated socalled affordable model. Starts at 35,000. Musk says the production version of the model 3 will be unveiled in july, but still no official release date tlaes has taken in more than 400,000 preorders for the car. James bullard is retreating further from his formerly hawkish stance on rates. He said weak data undermined the feds plan and the central bank should take a more reactionary approach, if and when it
The former owner of bhs, Dominic Chappell, is to be prosecuted by the pensions regulator, following the collapse of the high street chain. And, englands women are preparing for their Rugby World Cup semifinal against france this evening. One of four suspected members of the terrorist cell that killed 15 people in spain last week, has told a judge in madrid that the group was planning a bigger attack. The suspects have been testifying to a judge, who will decide what charges they will face, behind closed doors. The four are the only surviving members of the 12 man group. This morning they were driven in for questioning n a closed session at madrid s high court. Taken there, in his hospital pyjama Mohamed Houli chemlal, it is understood he confessed the plans of a much bigger attack to both the police and judge. The 22 year old was badly injured when an alleged bomb factory blew up the day before the ramblas attack. The explosion happened here, where police found 120 gas canisters, as we
Buying inen a lot of the stock market over the period , and this is great news for egypt because you could already see the reaction of the government quite quickly to the policies they have taken. The market has reacted quite positively and it has been great for the country. Where does the road over here from egypt . Unlock someosed to of the liquidity that has been missing in the system. A kind of growth are you expecting . That thist thing is is just one of many steps, so you could even see it when they took the decision. I am sure that you know how difficult this is from associate political point of view to undertake such difficult decisions. We hope to see a continuation of those reforms going forward. Aboutare a lot of talks selling stakes publicly and publicly held companies. The government is very serious about going forward. You mention some of the public companies. What kind of ipos might we be looking at . Given the confidential nature , i cant really talk about specific comp
In the north bay. Where roads have been damaged pam steve and Spencer Blake is in the east bay where more rain is expected tonight. Lets start with chief britney. Since winston Brittney Brittney we are seeing a lot of reporting of floods and white rain coming down in mill valley. We are still seeing a light rain. All of this is trekking to the east and there is more to come. Brittney 1 to 2 in. Of additional rain showers are expected. It will also pick up our wind speed of 60 mi. Per hour with a wind at pfizer reportedwith a wind advisory. Brittney i am tracking more details and timing out the rain showers when i see you again. Pam thank you, brittney pam now to the north bay. Where neighbors from marin to sonoma to napa. Have been dealing with high water, downed trees, Power Outages steve this afternoon, a large rockslide near saint helena sliverrado trail and we have learned that roadway will remain closed until at least tomorrow morning. Steve kron 4s Charles Clifford is live for us
Capitol hill, gop leadership is finding their bill already faces an uphill battle. Reporter two congressional committees on the republican plan to replace obamacare. Families are facing over 10,000 deductibles. In many cases. Because of the unworkable mandates . Taxes in this bill. Can republicans guarantee that the 20 million who have insurance today will continue to have Health Insurance under their plan . Clearly not. Reporter but some republicans say they cant support the plan because it keeps some taxes and the expansion of medicaid. Theres a leadership plan that was brought forward, which i believe when you look through it is obamacare in a different form. Reporter with democrats united and their opposition to repeal obamacare, the margins for republicans to push through any repeal and replace plan are very slim. That means gop leadership has some work to do to win over the skeptics. If they dont have 218 votes there will be negotiation. And conservatives will have a seat at the