Remembering the victims of Grenfell Tower. It has been six months since 71 were killed in the fire. They will be honoured at a service at st pauls cathedral. Good morning. It will be the busiest day of the year for the royal mail. We are at manchester, and they will deal with 3 million letters and parcels airline. How are they coping . I will find out. In sport, england lose big names find out. In sport, england lose big na m es early find out. In sport, england lose big names early in the crucial third ashes test as they fight for survival in the series. And we have the weather. Good morning. A bit icy. A bright day ahead of you. Rain, sleet, and snow showers. The full forecast is coming up. Thank you. Good morning. The first story is theresa may has suffered her first significant defeat in the commons since the election. 11 conservatives sided with labour to make sure they get a say in the deal before it is finalised. We can speak to our political correspondent, ian watson, in westmi
Eisen. Lets get straight to the market picture. A massive selloff again yesterday. We were down over 4 for the dow. A lot of the selling coming late in the day as we have seen through some of these days of volatility and selling, we are now down 6. 5 week to date before today for the dow. That following a 4 fall last week the falls week to date for the other two indices, about 6. 5 . The dow and the s p are in correction territory, which means a pullback from the highs of 10 or more the nasdaq 100 also in correction territory the nadz dsdaq come podposite d this morning we are expecting to bounce back higher by more than 1 on all of those indices the dow higher by 1. 2 the nasdaq higher by 0. 9 . Tenyear treasury note, Rising Interest Rates la behas been a g reason for this selling. The high yesterday was shus sjuy of 2. 9 . 2. 842 is the number. Its been a volatile week for Global Investors the selloff has been pronounced in asia which did end the week lower, lower by 2. 3 for japan,
Equitie been getting pushed around and by Interest Rates amid concerns the solid Economic Growth we have seen could force the Federal Reserve to raise inrest rates more times than answered this year. But a report released today by the central bank appearedo alleviate some of those concerns. And thats when stocks took off. The dow a closed its high of the day, up 347 points to 25,309. The nasdaq added a very strong 127 points. The s p was up by 43. And todays gains helped the major indexes close higher forn the weekhat a week iwas. Here bob pisani. Reporter stocks drifted steadily higher to tth close he dow up more than 300 points. Every day this week weve seen some big intraday swing. Stocks would rise at the open, peak in the milled of the day. There was often not a lot of news o there. Today the rally finally held up. Ower bond yields were a help throughout the day. The dow, which dropped 2500 points, in a little more than a week earlier in the month has recouped from its losses. A r
G20 bond sell off continues in the u. K. In japan, italy, germany and here and oil is reversing some of yesterdays losses our road map begin with after a strong start to the second half stocks are stalling. Markets set to open lower amid signs of a tech rally and lowing sector hiring last month president bullish on u. S. Markets as he prepares to meet merkel, putin at the g20. Shares of costco climbing in the premarket stronger than expected june sales. Futures moving lower ahead of tomorrows key jobs number shows the private sector added 158,000 jobs in june meanwhile jobless claims fell still near historic lows well see what it means for tomorrow. Historic loes and some of the minutes yesterday, some of the deviciveness still lead me to believe there would be a rate hike which is what we need its not talking to north korea. You saw the futures go down. They actually rally. I dont want to put too much on that. I think that the fed minutes created a little bit of a flurry some thought
Good afternoon, everyone. Welcome to the its Budget Finance Committee im mark farrell chairing this committee and joined by supervisor katie tang and whether be joined by supervisor eric mar want to thank leo and joshua for sfgovtv as well as the clerk linda wong madam clerk, any announcements . Yes. Electronic devices. Completed speaker cards and documents to be included should be submitted to the clerk. Items acted upon today will appear on the october 6th board of supervisors agenda unless otherwise stated all right. Madam clerk item one. A resolution for the authorization of the juvenile probation immigrant to accept an expend a grant from the board correction for evidence practices training for the term of may 2015 to june 30th, 2016, thank juvenile probation im ms. Hernandez representing the chief that is a training granted we have applied and received from the board of correction to provide evidence based train for all the at probation officers and probation counselors in the ar