Burning around the bay and as they continue to rage that major that declaration will help us right now the latest from cal fire puts the lnu complex fire. At 17 containment. That is the fire thats burning in the north bay. The scu lightning complex fire which is in the east bay has burned 10 contained right now and the czu lightning complex fire. Thats the one along the peninsula. Its just 8 contain still that is a jump from yesterday morning by about 3 so little by little they are working on it as fast as they can to knock down these fires before there is a threat. More dry lightning. Lets talk about the csu lightning complex fire in santa cruz and san mateo counties in total. This fire has burned 71,000 acres, 60,000 people plus have had to flee their homes and as you can see many structures have gone up in flames 2 people suffered minor injury. There are now 1300 fire personnel there battling that fire right now. Lets take a look at the map and that shows you Scotts Valley and santa
Texas is making face masks mandatory, while florida yet another record. The u. S. Senate approves sanctions on chinese officials over hong kong, as the u. K. Says it will not back down on a path to citizenship for around 3 million of the citys residents. Shery lets get a look at how markets are trading. We see u. S. Futures coming online down 0. 1 . We had gains across the board. You saw the s p 500 higher by 0. 5 . Materials and energy were up more than 1 . We had more positive Economic Data, betterthanexpected jobs numbers, although the optimism was tempered a bit by concerns about rising weekly jobless claims. To composedid manage again a record high. Take a look at what oil is doing, still above the 40 a barrel level, after seeing its highest finish since march. It was boosted by job Growth Numbers here in the u. S. , but also we have some supply optimism. We saw the biggest weekly decline of u. S. Stockpiles since 2019. Lets see how things are shaping up for the asian markets. We
The s p 500 sees its biggest rise led by energy, health care, and raw materials. And an indepth look on the economy. We discussed fed policy in an expose of interview with Robert Kaplan. Shery lets get started with a quick check of the markets. The u. S. Futures are under pressure. This after we saw the rally in u. S. Stocks. Taking the s p 500 to the highest level since a few days ago. We have seen the rallies for the last three sessions and it has now gained the most in more than one week. And health care leading all 11 sectors higher and we continue to see optimism over the economy. U. S. Retail sales jumped up the most in a record. It has really offset that second coronavirus exceptions. The nasdaq was up 1. 8 . This was of course after oil went above 30,000. There are signs of improving demand and product production. What comes to the economic picture, will be getting trade figures from japan. We are setting up for a mixed open after two days rebound. This morning, qe stocks added
Manus a warm welcome to daybreak europe. The numbers have dropped on hsbc. Job cuts. Share buybacks have been abandoned. A hugest impression is restructuring with a kitchen over 7 billion. That is a reality check on growth. Cost cuts are aggressive. And the reaction in hong kong not great, dropping as much as 3. 2 . The buyback and the plan to suspend those could be part of that. You talked about the 7. 3 billion charge and the bank still looking for a permanent ceo. That was Something Else we were looking out for. There were some changes in personnel but not at the very top. And cost cuts. Says it has hsbc yet to factor in the impact of that virus. Manus the fact that they have ripped the heart out of the Share Buyback which is one of the reasons why you believe that quinn can turn the business around. He has not been anointed or appointed. They are prevaricating. The goodwill impairment comes down to 4 billion in the investment essentially, they want to reallocate some of the freed u
Welcome to daybreak europe. A rally in chinese equities, the best start to the year since 2016. You are seeing some green on the screen for the Msci Asia Pacific index. Excluding japan, seeing some gains of more than 1 in todays session. In yuan not moving a lot reaction to that cut by the pboc. Pretty much in line with expectations. Some of it might be to do with easing liquidity concerns around the spring festival. Markets closed in terms of the cash market. Futures not giving us a lot of direction. Switch the board and we do see some green on the screen for the s p 500. Futures on the front foot. The dollar recovering a little bit from four days of declines. Oil on the front foot as well. Lets get back to the china story. The pboc has slashed their cash reserve ratio by 50 basis points, unleashing about 115 billion of liquidity into the financial system. The move aims to help make it cheaper for companies to borrow money. Pmi stays inring expansionary territory in line with the rece