Good morning. We will check your forecast and meant but first a developing story. A wildfire burning near Anderson Lake in morgan hill forced the evacuations of tension comes from it. The fire burned 100 acres with their present content. The martinez joins us with more on what cal fire is doing with the park fire. Reporter the last update was just a few minutes ago. Evacuation started after midnight for 10 homes on finley ridge road and they are still in place. The first call came in at 11 pm last night for a grass and brush fire burning on the side of anderson like. But cal fire says that it does not pose a threat to the city of morgan hill. The park fire has since burned 100 acres. 1520 homes sit in the hills. Fire crews evacuated 10 homes early this morning. Evacuation center is at Live Oak High School. Cal fire is asking people to avoid the area but do not feel that the fire is likely to travel closer to the lake or to threaten more homes. It started a long gun avenue and moving up
A deal is not reach soon so christine lets talk about this a little bit so 1st on the story with the hong kong bill obviously the bill on some levels it does affect the u. S. Trying to trade talks but it seems like its more of slowing things down because it kind of sets back china in their expectations right exactly and right now its escalating into a new head and so this kind of like oh you wanted us to roll back tariffs well were not going to do that so look over here its another diversion tactic were going to focus on home call instead so this is just the u. S. And another way of exerting maximum pressure theyre back to their all tactics of exerting maximum pressure again in order to try to get a response from china because as we said last week from if you remember china was very silent about this entire thing there was pessimism they didnt think base one would even go through this or meanwhile on the u. S. Side they were optimistic markets rally everyone saying oh phase one is almo
For the century the 80000000000 dollars that the fed keeps on injecting into the market on a monthly basis so a lot of that is artificially boosted up but. Artificially boosted. From this conversation about lets bring in greg swings and he. Youre a brick mcadam and bring him into the conversation here so it seems like hong kong as were talking about here in some ways has been treated like a pawn but at the same time i think we have to be honest here that there is a certain percentage of the u. S. Senate specially that is pretty passionate about this issue of china and hong kong and autonomy so theyve made their voices heard president trouble im not sure if hes as interested in that as he is in saving face and winning phase one how do you see it. Sure well i mean i think the president s been pretty aggressive about exposing some of the problems with china so he i mean typically hes. Worried about the stock market in and day to day fluctuations but in reality hes actually been pretty agg
Financial Services Department has been granted a trust license to offer trading and custody a big point. With tell you how that may affect Institutional Investment in the grip of her got a packed show today so lets dive right in. And we begin with. Falling off a 22 month high as christine mentioned on wednesday with a bump in u. S. China tensions and fears of a possible recession are boosting a bid for bonds and pushing toward safe haven assets like gold theres a thing wall street futures were down point 3 percent to 4. 4 percent which is all from the record highs that the stock market has been seen in the last few days and weeks so what set off this tumbling of wall street futures well a couple of things one the u. S. Senate has angered china by passing a bill requiring annual certification of hong kongs autonomy and warning beijing against suppressing protesters. This senate has just sent. Resoundingly message to the Chinese Communist Party President xi that the United States stands
Century we look at the potential ripple effects across asia. And keep your promises or else china is drumming up excitement for its new social Credit System authorities are tracking Online Purchases medical records and if you tell the truth. Im melissa chan welcome to news asia thank you for joining us millions of people across south asia have been hit by heavy monsoon rains this month lightning strikes and high water have killed hundreds floods have wiped out homes and crops the displaced are now grappling with a lack of food clean Drinking Water and medicine india has opened hundreds of relief camps but poor conditions make them an option of last resort for many here. As well reporting from the Northwestern State of. Most is the mom of the mana uses his board to fish from nearby a river. Now he uses it to get home. When the floods came he and his family waited out the downed board in this small boat to. Put them there is it was the safest place to be. A. Relief workers have come only