8 up. A bit of a conundrum, it weaker than anticipated growth number when weve got Industrial Production and retail sales beating what was going on. Graphically, there you go. Retail sales, 3. 3 to the upside and that is what has been going on in aggregate. A mixed bag, a miss on the headline gdp but certainly a beat for Industrial Production and retail sales. Yeah, the topline picture is that China Remains the only major economy that is recovering at a pace like this but nonetheless, yeartodate, growth around 0. 7 . Year, beginning of the officials had hoped to get around 6 growth for 2020. Nonetheless, the fact retail sales came in well above the estimates will for economists who say we should see a broader economic recovery in china fueled by infrastructure. Straight cap to the pandemic, there would be focus on whether or not the consumer would step up and the numbers suggest that is happening. Ubss headore from of asia economics and achieve china economist. Always great to get your
Regionally, as we saw a setback moments ago from Johnson Johnson. They are pausing the study here on their vaccine after one of their patients fell ill. We did of course look at, when it comes to the china 10 year, we are expecting a big dollar bond sale as well, and details as soon as wednesday. Still Holding Around the 670 level at the moment. Lets look at the rest of the market as we count down to those numbers out of china. Ratentioned in indonesia decision later today, jakarta coming online just slightly higher. Because ofpressure vaccine setbacks, and india as well, we could see a lower open in mumbai. A big power outage yesterday impacted volumes. We also saw inflation surge in september. We are watching fx as well, the dollar pretty steady and the rest of asia affects fx lower after we saw weakness in the chinese currency as well, the pboc made it cheaper to short the renminbi. We are watching the china and aussie tensions ramp up again. We see brent crude and new york crude, p
We get topher meteorologist lisa argen with a look at the fire conditions were seeing as well. Good morning to you. We have plenty of fog out there, if theres any good news, the low clouds, the fog, the marine layer is with us this morning but that will abruptly change throughout the afternoon, as we get into i awind advisory, 4 00 through 11 00 on monday. Northeasterly winds 20 to 35 miles an hour, will be at the surface, with gusts near 50 miles an hour, could even be higher. Were looking at the possibility of downed trees and power lines and 8 00 tonight, were looking at our red flag warning going into effect for all the lower elevations in the valley floors. Now t will be 11 00 in the north bay mountains and east bay hills and here winds gusting to 70 miles an hour with relative humidity below 5 . Were certainly gearing up for that right now. It is 58 degrees in walnut creek as well as pleasant hill, relative humidity not a problem. 63 in oakland. 53 in santa rosa. It is warmer. We
It means Power Outages could look like this. Take a look. Pg es Public Safety power shutoffs could kick in for the areas you see in orange in just a matter of hours. Good morning again, everybody. Its sunday, october 25th. Im liz kreutz. Thank you for joining us. We have complete coverage of Power Outages and what you need to know about them but were also tlracking the fire danger. We get over to meteorologist lisa argen with a look at the conditions. Good morning. Abruptly things will change this afternoon. Right now things are fine, winds are light. Theres a lot of fog out there, relative humidity is high and were looking for this abrupt change as a dry cold front moves into the bay area. So by 4 00, the valleys will be under a wind advisory. This is going to last until 11 00 on monday. Northeasterly winds 20 to 30 miles an hour. The gusts could exceed 50 miles an hour and we have weakened trees from the drought out there and also from fires, those could be coming down due to the win
This is the one business show you cant afford to miss in washington coming up. Relief talks in the United States have stalled once again while Global Markets surge ahead of a busy earning week or to break it all down plus the o. E. C. D. Says just proposed digital tax could cause a yearly decline in global g. D. P. Well dig into the details and a later just so much our thanks and against Chinese Telecom giant huawei affecting the companys ability to do business worldwide were going to bring you expert analysis we have a packed show today right in. And we lead the program with the latest in the ongoing stimulus talks here in the United States after the white house increased its stimulus offer to over 1. 00 trillion dollars on friday the package received. Heavy criticism from republicans and democrats casting doubt that Economic Relief would be coming to americans any time soon now the white house offer includes expanded Unemployment Insurance of 400. 00 per week stimulus stimulus checks