Passed by it when ethan saw the flames there. Everything calmed down and sounds like everythings under control. Well keep monitoring this situation. Getting closer to Silicon Valley, no problems. No major crashes, a few incidents here and there. The bay bridge toll plaza with a light backup. The cash lanes on either side should start to lighten up as we opened the cash lanes, so right now we have a couple closed but its early. It is early so were starting out with mostly clear skies, this is a live look outside in San Francisco and were still dealing with unhealthy air quality and for Santa Clara Valley inland east bay we are still seeing the most unhealthy air as temperatures are heating up trend in the mid early afternoo in the south bay approaching 100 degrees once again. Well get a look at all of our microclimates, thats coming up and cooler temperatures in the weekend forecast. Another breaking story overnight, widespread Power Outages across the bay area leaving tens of thousands
A weaker you one was expected at some point in the past the u. S. Has been hesitating with the currency manipulator label over 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 starts 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 and global macro strategist at i care a good to have you with us so lets just deal with the very basi
Nature of humanity so yes people you know people know how to balance their political and religious and spiritual mandates when it comes to this seems a. Of us thank you so much. Protesters are occupying the arrival area of Hong Kongs International Airport for a 2nd day theyre planning to stay there for the rest of the weekend to make people flying into the territory aware of their dispute with the government more than a 1000 protesters are marching in typos as well thats in the north of hong kong the demonstrations organizer had called the event off on friday after it was banned by the police but despite that the marches are going ahead today riot Police Reform the blockade in front of the marchers mcbride is their entire post. Thousands of people once again descending on this town this is a medium sized town called typo and the New Territory separating Mainland China from hong kong and cow loon i mean these thousands of people taking over they have completely filled out the streets he
Pricing a 40 chance of a cut. Will draghi he forced to move . Boris and the brexiteers. The u. K. Prime minister packs the cabinet with loyalists. With earnings season heating up, we talk to the ceos of unileve r, roche, astrazeneca and anglo american, all within the next hour. A busy morning. Matt very busy. Less than half an hour from the european open. As we waitat bunds for the ecb decision. Yesterday, down to a record low for the german 10year debt yield, at one point 40 basis points. Right now we are at 38. I believe the mliv question of the day is, how low can they go . We will talk about that today. How high can stocks go . Futures continue to rise across europe today. We have had a pretty decent run now. Cac futuresup 0. 5 , gaining 0. 9 and ftse futures bringing up the rear, only up 0. 3 . Maria roche raised its sales. Rowth view twosales company cites its treatments as main drivers. The company ceo said to investors that hes excited for the approval of new cancer treatments.
What we have seen a few days ago. Aude up by over 1 despite cut in the outlook for global oil demand, yet still see i still seeing some kind of rally in place. We bring you this mornings market moving news from all around the world. Joining us is bloombergs enda leon, emmanando good chandra, and michael mckee. Walk us through what we learned from the inflation front. Enda we had refractory data that should inflation in threed, the first years. It suggests factories in china are heading into deflationary territory. That is a clear negative for profits, and it will make it much harder to repay debt. To take away from the inflation numbers, even if there was a bit of a tick higher in the consumer side, the ppi was the one to watch. All indications are that the central bank of china has more work to do and will probably have to bring down Interest Rates over the coming months. Alix and tricky work, too. On the flipside, we have the next tit for tat in the u. S. China trade war. How is the