A weaker you one was expected at some point in the past the u. S. Has been hesitating with the currency manipulator label or a concern that it could trigger a trade war but were already in one so the consequences are low and the negotiations with the International Monetary fund could take up to a year and some feel that the i. M. F. Wont act against china despite the u. S. Accusation of manipulation when he started mentioning the i. M. F. The question is what could he do there the i. M. F. Is a consentual organisation theyre not going to take sides in fact 2 weeks ago they already issued their own statement about chinas currency and they said that it is and why with International Standards despite the arguments the us says its still planning for a visit from a chinese trade delegation in september. Now a better place to talk about all things currency then patel is joining us now effects in global macro strategist at i care a good to have you with us so lets just deal with the very basi
Livermo livermore. Back by the coast, were dropping down to 81 in San Francisco and 85 in mill valley. The good news, tomorrow we drop off a little bit, and then just in time for the weekend, im following a storm system that will help cool us down even more. Well have full details on that coming up in several hits this hour. Ill see you next at 6 19 tonight. Looking forward to it. Thank you very much, jeff. A lot of relieved homeowners in south san jose right now after manufacturers knocked down flames that burned up the hillside near their houses. Pg e says the fire started around 12 15 this afternoon after a vehicle crashed into a power pole in the area of santa teresa boulevard and bayless drive. About 120 firefighters swarmed the hills, and with the help of an aerial attack and a bulldoze contain the fire to about 75 acres. 15 homes were voluntarily evacuated as a precaution. I got a note from pg e, a text, saying that the power was out, came home and just was watching the fire com
Im jessica aguirre. And im garvin thomas. Thank you so much for joining us. As the sun sets tonight, some relief from the heat across the bay area, it was a second day of record breaking temperatures. Some parts of the bay area topping 100 degrees. Chief meteorologist jeff ranieri has been tracking the rise in our temperatures and, jeff, we want to know when the temperatures are going to start to fall. Well, tomorrow well begin to see some, at least a little bit of relief. We are on the downward side of this heat wave. And talk about hot. I know a lot of you know just from driving around in your car, just how hot it was. You can see livermore 106, danville 105, south san jose also at 104. So with all of this heat, the numbers have kind of tckled ver at 81. Fremont 79. But notice right near the coast line were dropping down to 60s here for mill valley into San Francisco. Its part of some larger changes that eventually officially get here as we move through this weekend. Well have a stor
That jam near the coliseum. Near the numbers that sound like the temperature range youre talking about, 66 here, 98 toward the bottom of the screen and at 66, we still have your right two lanes blocked by a disabled vehicle, thats jamming up traffic, counter commute unusual from the bay bridge through downtown, things are fine, then you jam up past the coliseum for southbound 880. That is the issue right there on the nimitz. Everything else moves nicely. Your commute of course takes most folks to the bay bridge, more folks to the bay bridge. Also north 680 sees slowing over the last half hour. Northbound 680 mtague expressway your two right lanes are blocked by as well as basically a delivery of a larger rig with big large payload on the back and half your freeway is blocked. Back to you. Thanks so much. 6 01 right now. Tens of thousands of people across the bay area woke up without power after losing it in the midst of the sweltering summer heat. The hardest hit was marin county. Thom
Footprint. The most valuable commodity in the world well for the past 100 years the answer to that question would have been oil or maybe increasingly water but with the likes of amazon googles Parent Company alphabet and facebook becoming the worlds most valuable listed Companies Big data is now king the rise has been rapidly even regulated scrambling to keep up with the changing environment and now one of those protecting us wants to write another chapter at facebook hoping to introduce a Digital Currency called leap or perhaps not surprising in the age of bitcoin but given facebook has abused the days or it has on billions of people and its failed to curtail the spread of online hate and generally has become a byword for distrust well many in policy circles are opposing the new crypto currency because its also a threat to National Economies a facebook currency used by its 2000000000 users could effectively create a new world currency a rival for the dollar maybe a yen or the euro and