We have the world covered on daybreak asia obligated to crack down on hate. We have the will covered on daybreak asia. Betty we will have the latest on that tesla story. Tesla trying to save taxes. This is daybreak asia coming to you from bloombergs asian headquarters here in hong kong, where it is just after 7 00 a. M. I am betty liu. Yvonne i am yvonne man. Eyes are glued on china for the next 24 hours. Not only do we have this msci decision, but we will hear from the pboc governor as well. We do not hear from him too often, but it will be interesting to get his take now that it seems like the pboc is parting ways with the fed. They held off on raising those borrowing costs after the fed raised rates last week. Betty a lot on the agenda as you mentioned. We will be going through a lot of big corporate stories, including that story on tesla. Everybody focused on the Chinese Market and tesla being a tech movie has been a big today. How much a big mover today. How much of the impact wil
New problems. We have Team Coverage and team bay Area Coverage bob redell has coverage on the clean up. Lets star with meteorologist kari hall tracking the storm. It looked like it was weakening. Now what . We are still expecting a weakening storm as we get a live look outside at san jose. And temperatures are still very chilly with these clear skies. And i want to show you storm ranger is parked on San Bruno Mountain scanning around the bay area. Nothing on the radar as of yet. But as we open up the picture, we do start to see some of the showers across far northwestern california and the pacific northwest. We will continue to monitor this as it rolls down the coast, but this will indeed be a much dryer storm and it continues to weaken as it moves closer. So, this one not originating out there in the pacific. Its not tapping into any subtropical moisture so thats one of the things that well see different from this storm from the ones that weve seen previously. Only expecting some spot
Happy monday. Im melissa lee. The dow was down about 184 points at session lows. The nasdaq has turned positive thanks to strength from biotech names like regeneron. The worst performing sector, down by half a percent. Well have much more on the bank selloff straight ahead. Here is what else is happening this hour. Some news you heard exclusively here on cnbc, sources telling us bill gross has settle his lawsuit against his former employer pimco between 75 million and 100 million. The number around 81 million. Gross filed the original 200 million lawsuit back in 2015. His dismissal from pimco was a breach of contract. Amtrak derailment with no injuries reported. The investigation is widening into the terror attack in london. Uk police say there is no evidence the attacker discussed his plans with anyone else or any other group. Melissa . We have a very busy two hours ahead. We kick things off in washington where the Trump Administration is trying to turn the page following last weeks f
May have your attention, please . Thank you. Were very pleased to have today as our special guest wes bush, who is the chairman, ceo and president of Northrop Grumman. Northrop grumman as many of you may know is based in falls church, virginia, and its a company that is the fourth Largest Aerospace defense contractor in the United States. Its a company with about 26 billion market cap, and revenues approaching about 25 billiondollars and more than 65,000 employees and when our guest became the ceo in january of 2010, the stock was at a certain level. It is now up 116 since he became the ceo. So, very good. [applause] wes is, grew up in various places in the United States. Went to high school in West Virginia. He went to undergraduate mit. Got a degree in Electrical Engineering and got a masters degree in Electrical Engineering and joined the Aerospace Corporation which was entity affiliated with the u. S. Government. Later he went to trw where he rose up quickly and ultimately ran thei
Leaders face welcome im neil cavuto so good to have you this very very busy saturday. Lets get a read right now over at the white house, how they are digesting all of this , and the recommendations, so far, david from the white house, has been governors can do so far what they want to do. Thats been pretty much the call , what changes or could change now . Neil, good morning to you, President Trump said that yesterday at his Coronavirus Task force briefing hes going to leave things up to governors and not going to overstep them however he feels if he does need to step in and give his counsel and his advice he will do so now President Trump says that he is hopeful that the economy can be opened back up by may 1 but its something hes going to listen to scientists and experts and see if thats going to happen however he is hopeful things will open up by may 1. The president said he will talk to Airline Executives this weekend, one of the hardest hit industries by covid19, and now weve just