Also his rhetoric reiterated when it comes to china, saying china should have kept the virus where it was and could have stopped this virus spread. These are the latest lines coming through, the president saying trump the u. S. Can deal with the flareups. We are seeing with stocks we are basically coming off some of the lows but still heading lower today, u. S. Futures extending losses to more than 1 now. Jakarta coming online. We have a Bank Indonesia decision today, expect some type of rate cut. When it comes to india we are watching the standoff on the border with china. Besides continue to talk. They are pledging to deescalate after the deadly clashes. Here is what we are watching out for, not a lot of catalysts. Looking at the dollar, it is very much on the stronger side and youre seeing the likes of the aussie dollar reacting to those unemployment numbers which was a big miss. U. S. 10year yield, seeing bonds that are up as well and the china 10year yield is what we are watching
Good morning. I call this hearing to order. Before i address the topic of todays hearing i want to say a few words about whats happening in communities across our country today. This is a time of great pain and unrestfor our nation. Americans are truly outraged by recent killings. Anyone who watched the video of the murder of george floyd has to be horrified and heartbroken. The resulting peaceful protests about police abuse against any american citizen are important and necessary our nation needs to listen to the voices of africanamericans about police brutality. Every american citizen deserves justice under the law. Some of the peacefulprotests have been hijacked by violent criminals. The destructing and looting and arson must stop. Those who commit these crimes dishonor the memory of george floyd and dishonor the cause for which the Peaceful Protesters first took to the streets. Now in a moment of americans to come together to listen and to heal. The goal of this hearing today is to
Across the americas. The spread is unacceptable. South korea braces for a second wave. Lenders are backing away. Bank of considering cutting a credit line, writing off its and calling it quits. We are just getting some indications, early indications of the economic rebound in australia. The cva australia pmi manufacturing preliminary number for june bouncing back. Just in contractionary territory but certainly much better than the 44 from the previous reading. The Services Number also much better i we get parts of the Services Economy reopening after the restrictions coming in at 53. 2. The previous reading was 26. 9. That composite number for june, 52 point six. 28. 1 and out of contractionary territory. That is a preliminary reading but things looking a bit more positive. Also looking positive for asian markets, lets get over to Sophie Kamaruddin for a look. Futures are in the green with s p eminis and he restocks resuming gains while the aussie dollar remaining on the on foot at the
Nasdaq was up 62 and s p 11. Last Economic Impact of the virus as more businesses look to reopen a new report revealed it could take ten years for the u. S. Economy to recover from the pandemic, mornings with maria is live right now. Maria Global Markets this morning are moving higher, cac quarante in paris is up 86 and dax index in germany 406 points, 3 and a half percent higher, dax in germany rallied after being closed for the holiday yesterday. In uk Small Businesses hit with coronavirus, borrowed 26 billion through month of may. Check asian green across the board, take a look, kospi better than 1 , best performer was in japan up 1. 9 . Now some of the top stories that we are watching this morning. Chaos despite curfews, americas largest cities still talc victim to looters even as police and the National Guard ramp up presence across the country, protestors forcing into macys Flagship Store in new york city overnight. It had been boarded up. 3 people have been arrested so far. Loot
We are heating up through our afternoon as High Pressure builds in and offshore winds. Here is a live look with our Treasure Island camera and we are in the 40s and 50s as we start off hour day. Through our afternoon, daytime highs will climb. Looking at 76 in San Francisco, 77 in san jose, concord topping out at 91 degrees. About 12 to 17 degrees above average this time of year. I will let you know what you can expect for the rest of the week ahead in the next chance for showers. Lets check in for the latest on a crash on 580. Here are reports of an accident from chp of a couple cars, three klars along 580. If you are going out this morning, if your an essential worker and want to take 580, there are a few lanes blocked. The westbound side of 580, there is an issue as well. We are seeing a few more clouds and cars on the road ways. There are no major delays around here. Things are fairly quiet. Here is the traffic elsewhere. Not that bad. Everything is in the green. That is a look at