Orchestra. Young musicians playing traditional chinese instruments. When people talk tod me abou our recent special on the chinese commute, they usually bring about one of our special guides around the town. Joining me is that guide, sue lee, who also recently took us on a tour of the new exhibit at their museum. This is a depiction of a creation of the mens barracks in the detention center, and here in the bay area, we would say it would be the refliction of angel island. You can see the male immigrants belongings. An open suitcase, their clothing. And the bunks that they had to sleep on when they were detained. And there are also videos that explain about paper sons and daughters and about the protection of the 14th amendment. Now sue lee joins us here. Thank you for being here. Glad to be here. Give me an idea, you can see by the clip how extensive the museum is, but its a lot of history to cover. Basically, what is the goal in terms of this exhibit. This exhibition, called chinese
Down by a full percentage points. You have to say, what is happening on the continent, the pain more acute in mainland europe. David we were looking at this before, was you put this in the same and once you put this in the same currency, rebates, everything going into the dollar, and you will see why this next board is important. The town has been battered pound has been battered, down by over 8 . That does not look as dramatic. And this was have been in the market swiss have been in the market. At. 07 and we got down on the dollarthe yen, trading down by nearly 4 . Jonathan bring up the bonds. Yields on treasury grinding got to alltime lows. Points on the session. And for me, you spoke earlier, the idea that they could use lose a triple Credit Rating in the United Kingdom. This is down 33 basis points. We talked about it being more acute on the continent. I believe it is down 12 basis points, 20 basis points on a 10 year yield right now. David it is a sovereign, so the effect is much
Johnson joining us from our european headquarters. Headline number for me unchanged. Guy they will keep the they purchase facility are saying they do not have enough information to make a decision at this stage. Maybe at the beginning of august we may see a rate cut. Sterling has picked up on the back of that, no rise to see what is happening. We will have to wait a few more weeks before we get that decision. Everybody waiting to see what will happen. I do not know a reflection of whether they believe a rate cut will have zero impact on the u. K. Economy, or want to see the effect of the brexit referendum story will have. It a stronger pound, kneejerk reaction in the fx market, yields higher off the back of the 10 year gilt yields around 0. 7 . Is this to do with a lack of data . All we have is a confidence survey. A bit of data but not much. Sentiment about consumer there are not much indications that some businesses are delaying investment and hiring, some signs pretty brexit vote st
It is 6 00 in london. Focus on the jobs data. We will talk about the bank of england as well. We are getting numbers from european corporate as well as reporting secondquarter numbers. That income coming at eight at. If we look at Second Quarter offering profit, 2. 4 billion euros. The estimate was 2. 47. What it says is that its on track for its four year target. Im not seeing any detail yet on pimco, but i will dig into that. That is one of the challenges with allianz. This is one of the challenges since the departure of bill gross. Anna of course they have new capital restatement. He arrives on november 1. Onwill be speaking later during programming to the cfo of allianz, talking to was on the move at 8 30 u. K. Time. Thanks for taking us through the headlines. This is the Worlds Largest cement company, confirming their outlook for 2016. Operating adjusted coming at 1. 7 billion francs against an estimated 1. 6. Coming in for the Second Quarter at 7. 2 8 billion swiss francs, an est
To as they will do whatever they can as they are not making any progress saving that fire that is burning right there by the fire truck. Now the area is the calhoun pass area of San Bernardino county. That it started burning about 10 30 this morning and they have already spread across 6,500 acres more than 4,000 people are under mandatory evacuation orders at this hour. Up north cal fire says that crews are making Good Progress on the clayton fire burning in lake county. That fire has burned 4,000 acres, the same number as yesterday. That means that it is not growing. They also say that it is now 20 contained with full containment expected for this sunday. Some evacuated areas also reopened this afternoon. An estimated 175 structures have been destroyed when this fire blew up on sunday afternoon. The man suspected of deliberately starting the fire. The 40yearold Damin Pashilk of clearlake is due in court tomorrow. Youre watching ktvu fox 2 news at 6 30. Democratic president ial nominee