Good morning. Thank you for joining us on the kron. 4 morning news. Im stephanie lin. It is saturday august the 5th and were covering a lot of different headlines for you today, including this body cam footage released of a suspect or rather of officerinvolved shooting. Lets go ahead and get started with your weather with dave sphar. Good morning. Good morning, stephanie. Good morning, everybody. And were off to another kind of heat spike hot weekend at work today is kind of a work in progress. And then tomorrow is when youre really going to feel it. If youve got those activities kind of strenuous to do watching the middle of the day, and you probably particularly inland you dont want to do in for tomorrow. Give yourself a bit of a break. So todays the day, when take advantage of it in early or late in the day to as well. So the scenario we have right now is that morning fog is making its appearance across much of the bay. Again, that will mix out for mostly sunny skies as we get to th
Haidi welcome to daybreak australia. Annabelle we are counting down asias major market opens. Kathleen good evening from bloombergs World Headquarters in new york. Asian stocks set to start the week under pressure following mixed signals in fridays jobs report. Fresh inflation prints coming out in the u. S. And china. Haidi israels Prime Minister tells us he will not pursue the entire judicial oversaw initially planned tray saying he is trying to with store balance. Cap Kathleen Warren buffetts profit gains. Haidi the week were taking a look at u. S. Futures. The focus will be on the fed given the commentary from two fed officials and a jobs number saying if we see a sustained weakness in jobs data in the u. S. The fed may have to start thinking about pivoting. We are seeing u. S. Futures looking modestly higher. S p futures up a 10th of 1 . The big story is going to be will we see a seventh straight week of gains when it comes to crude . The bti getting 20 over the past six weeks as w
Approaching midmorning across the asiapacific. Session highs on the benchmark itself. We are looking at emerging markets index, the adage when china starts to go one way, that is where most things go. We are going the opposite way as far as the china story. At least the last 18 months or so, quite a rally that is forming. Weve seen this movie before. It feels a little bit more different when you juxtapose the amount of measures and announcements and pronouncements and promises that have been laid out the past two weeks or so. Whether the data at some point sort of moves with the rhetoric, yet to be seen because as we were pointing out the pmi numbers are underscoring the need for why we are seeing more of this out of beijing. Romaine the thing is we got the beige book, reinforcing what goes on in every Industry Group apart from essentially going out and traveling a little bit. Otherwise, a dismal sort of showing. Chinese people cutting back on everything but travel and restaurants, the
May be over. Money markets and economists split as the rba policy tightening cycle nears its final stages. Haidi china criticizes the biden administrations latest arms deal with taiwan as the latest military footprint in australia expands. Shery Standard Chartered doubles down on earnings buybacks after an earnings beat. We hear from ceo bill when terms. Futures in the Asian Session, the start of the trading day under trading week, not necessarily seeing any movement at this point. This is after u. S. Stocks rose friday. The s p 500 gained three consecutive weeks. We are talking a 19 gain this year already. It was helped friday by key gauges of inflation showing further easing. Americans grown more optimistic about the Economic Outlook and we have plenty of earnings this week. 160 nine S P Companies reporting. 11 trillion of my get cap included market cap including apple, amd. The 10 year yield finish and just below 4 on the friday session. Yields fell friday after jumping toward an ei
Make money and a living is in that van. A bay area musician stripped of his livelihood after his van full of Music Equipment is stolen from his home. How his supporters are coming together to help. The news at 6 00 starts right now. Thanks for joining us. We start with a known fixture around fishermans wharf. This musician wasnt there performing because his equipment were stolen when someone drove off in his van. We have the story. The van would be sitting like this. Reporter this is where les parks his van. A van thats now gone. I told my neighbor, my van is gone. I said, somebody stoe my van. He has been performing for years. You can catch him near pier 45. Im a drummer. I do a solo show. I sing and play live. Reporter the van isnt just transportation. It had his equipment inside. I had all my drums, all the drum hardware, two computers, one i just bought. Everything to do my show. Everything that i do and work with that i need to make money and a living is in that van. Everything. R