Open overnight, some of us didnt get much relief from the heat really if anything just put some bad air into our homes. 80s at the coast 90s by the bay and yep youre seeing it there triple digits, one 10 today again in livermore in antioch concord at one o 9 Napa Santa Rosa san jose just to name a few other spots that will be solidly in the triple digits today now with temperatures this hot you can see why so much of the bays yet again under excessive heat warnings through 09 00pm tonight that includes these pink areas on the peninsula down into the south bay where we will be solidly in the triple digits. Same for those of us on the east bay triple digits inland 90s for bayside cities like oakland and richmond while antioch brentwood Discovery Bay above 110 degrees in these areas. Fairfield and vacaville also at a 110 above and with such dangerous heat check on your neighbors, check on some of your older relatives who may be even more vulnerable to the heat make sure that theyve got a
Singapore and malaysia as well. The Peter Navarro episode, if it is any indication how sensitive markets are to the slightest hint of bad news, that tells you the story of volatility in store for markets in the second half of the year. A quick check on the risk radar. Aussie yen coming off a little bit, that tells you where we are in terms of Risk Appetite. We were closing in on 79 a few weeks ago. Brent crude, some upside. Lets get you up to speed with other top stories we are watching. It lawmakers in washington have approved a bill to penalize banks doing business with china over beijings National Security legislation for hong kong. The bipartisan measure in the senate has support in the house of representatives and needs to pass before reaching president trump. It condemns china for breaking obligations under the deal that return hong kong to mainland rule. The coronavirus has hit local trade hard with lockdowns increasing by 12 . The hike of that pandemic in april, new research th
With a economist. This economyf this contracted for the First Time Since at least 1990 two. A big contraction, more than was anticipated. What is your instant reaction . Robin let me be clear. The First Quarter contraction is not a surprise considering the lockdown in late january and february. Outputch industrial dimension and trade data suggested the supply side in the chinese economy has been on a recovery path. Are first in, first out amid this covid19 recession. We have seen the worst First Quarter followed by a shallow recovery from the Second Quarter onward. The ip data is better than retail sales or domestic data, means the supply side has been largely mobilized with now 90 of factories in china, 40 are operational. Many are back online. That is why we see activity and improving activity improving on the supply front. Bolstering recovery in the next stage has shifted as lockdown in china has been replaced by softer social distancing measures which means people return to work, b
Milder at the coast. Noon, no jackets required. 63 to 68. Near record high and a comfortable evening on the way. Jobina . Good morning, everyone. Mike said nothing is happening, well, nothing is happening on our roads. Were starting to see some traffic make their way to the toll plaza. 280 at king street. A great time to leave and get off to work before things change. Our drive times here San Francisco to sfo, nine minutes. Highway 85 to the san jose airport is going to be a tenminute ride. Kumasi . Thank you, jobina. Developing news, police in the east bay want to find the driver responsible for a deadly hitandrun. This is a truck that hit and killed a 12yearold girl. It happened at the intersection of manter road yesterday. Julian glover is live with the very latest. Reporter just a heartbreaking and tragic story. When you hear the girl and her sister were doing the right thing, they were in the cross walk waiting for the signal, and that is when chp says a driver hit that 12yearold
And retail and return. The making of making the return of a merchandise a more customerfriendly experience. Thats the return of friendly. Ell talk to the creo. Four potential competitors are demanding that Mark Zuckerberg be forced to give up control of facebook. In a lawsuit they accused facebook of anticompetitive behavior. They want the social network to sell its whats app and facebook asset. Facebook says the claims are without merit. We are joined by the colead council in the case. Great to have you. Thanks for having me. I wanted to break down some of this piecemeal. First, i wanted you to talk about Mark Zuckerberg and giving up control of facebook. Is this even possible . And why . Control incontestable over the company. His class of shares overpower the class a shares. He has Carte Blanche to do whatever he wants with that company. He has control over the board. When you look at the details of our lawsuit, the anticompetitive scheme was hatch and executed and at times executed