Closing down by 0. 4 the hang seng was off by 1. 1 . Then the shanghai was down by almost 0. 9 . In europe it looks like, again, a modest decline dax and the cac are relatively flat ftse down by 0. 2 . Italy and spain down by 0. 3 and 0. 4 if you check out the treasury market, you will see the tenyear right now looks to be yielding about 2. 019 . We do have breaking news on Warren Buffett he is denying reports of tensions between him and 3g capital and kraft heinz. Buffett said 3gs cofounder is a good friend and he plans to see lemann next month. He also plans to attend lemanns 80th Birthday Party in august. The report has been out about tensions between them. Buffett also expressed support for the ceo of kraft heinz reports of the tensions may have been sparked by kraft heinz underperformance. That stock down by 50 buffett says right now the biggest problem facing kraft heinz is that heinz overpaid when merging with kraft back in july of 2015 he said he paid too much and it will take
David we are going to go to our colleague guy johnson, the nchor of Bloomberg Markets the european close. Guy the fed is talking about easing, the ecb talking about using. The market is pricing in easing to the expectation for the bank of england. That is really what the bank is noting when it talks about the tension between its brexit assumption, which is for a smooth exit from the eu, and the market is pricing in a much bumpier view of how that brexit story is going to develop. We have the unfolding of the conservative Party Leadership contest. Boris johnson expected to become the next Prime Minister, talking about a hard brexit. Thats what the market is pricing. They are having to recognize the difference in where they are and where the market is right now. The bank has been talking about rate hikes being necessary. The market sees it a completely different way at the moment, and it is putting the bank of england in the context of the Global Economy at the moment, and the context of
Now the urgent race against time to locate and rescue the more than 100 hostages. Our team on the ground speaking with a civilian at the center of it all. A major storm moves across the country. 11 states on aalready and a tornado threat for the southeast. Gingers tracking that and more. New charges for George Santos. I have no idea what youre talking about. The new york congressman accused of stealing donors identities charging tens of thousands of dollars to their credit cards. Former king of crypto on trial. The governments witness against sam bankman fried. His exgirlfriend and business partner, testified that he directed her to commit crimes. Mary lou rhetton fighting for her life in the icu, not able to breathe on her own. Now why her daughter is asking the country for help. Sales in full swing earlier than ever. This morning some of the best bargains dropping on gma, plus how inflation comes into play. Becky worley breaks down the game of chicken for your holiday dollars. Michae
Exposed to plans to add a ferris wheel to Fishermans Wharf are being discussed in San Francisco, but there may be some complications with the logistics to make it happen. Good morning. Its wednesday, october 11th. Its going to start with a check of our forecast. Andrew, good morning. Were in store for a really Beautiful Day today. A bit breezy this afternoon, but the sunshine is back in full force later on today. Heres a live look from our rooftop camera at kgo. You look at the flags atop the piers and they are moving this m morning. We have this onshore breeze thatll gust over 30mph later on today. And thats going to bring about a lot of sunshine and a bit of a warming trend in some spots. But we do have some chilly numbers in the north bay right now. We talked about how some of our cities would start in the 40s this morning, and thats what were seeing in santa rosa. Most areas, mid 50s to low 60s. As we get you out the door today, take the sunglasses with you. Thats your best accesso
Markets, cautiously up on the nasdaq at the moment,. 3 . Big week. Weve got the fed, all important claims, jobs data on friday. We are seeing a 10year yield of diving back four or five basis points ahead of the Federal Reserve and where we see the economy and the Interest Rate environment going. Notably, a lot capturing the attention in japan at the moment. Some of the training is going to be more muted, but with the yen its big volatility over the dollaryen, which goes higher. Was it japanese boj intervention . They remain mum on the subject. Bitcoin, down against the u. S. Dollar by 1. 25 with a risk off yield more generally and etf frozen. What are you looking at on the micro . Ed tesla, which is a big, almost surprise story. Just a few tenths of a percent away from its biggest jump since january of 2020 two. Similar to the gains we saw april 24. Full self driving in china according to a bloomberg source. Two subsets of that. A partnership with baidu on income mapping, specifically