Had 15 seconds. Santa cruz would have this no warning. Laura anthony is live in pleasant hill. Reporter this is the epicenter of that of earthquake. It was 4. 5. Its the threshold of that my shake app to send out an alert. This is a milestone. Its an important moment. Governor newsom used this day. The 30th anniversary of the loma prieta earthquake to launch the my shake app designed to give californians a few seconds to prepare when the next big one hits. 99. 7 chance over the next 30 years we would experience an earthquake greater than 6. 7. The app by the u. S. Geological survey. A primitive version was used in 1989 to warn search and rescue teams trying to warn people from the cypress structure. The scientists set up a temporary system that radioed alerts to the workers whenever there was a significant aftershock that might shake the nimitz. Earthquake, drop, cover, hold on. Shaking expected. Developed at uc berkeley my shake can provide up to 20 seconds of warning before the groun
And the other major story in the uk the summer heatwave continues to take its toll on people across the uk with temperatures reaching the mid 30s yesterday and its due to get even hotter during the day today. Now on bbc news live to singapore for Asia Business report brace for impact Nissan Motors expects to announce 10,000 job losses as its profit slump by 20 . The worlds biggest plane maker, boeing, says it is 2. 9 billion in the red last quarter. Good morning asia, hello world, it is thursday. Glad you could join us for another action packed addition. Naesen workers around the world are bracing foran workers around the world are bracing for an announcement later today of thousands of job cuts. For an announcement later today of thousands ofjob cuts. According to media reports, japans second biggest car manufacturer will say it is laying off more than 10,000 workers amidst weakening sales. It comes after the Firm Yesterday warned its First Quarter profit, from april to june, yesterda
Which is how you get to the dow today where it lost 129 points, 5. 3 of the nasdaq nose dive 1 . But the first two weeks of earnings season things were pretty straightforward sure this economy might be slowing down, but the consumer was doing so great backed by a strong job market, higher stock prices and i have to tell you, it was offsetting any industrial weakness hallelujah. This week its a totally different story. The markets no longer on its meds while twothirds of our economy is consumer oriented indeed, the other third has gotten so bad so fast its crying out for some kind of government intervention. Thats what caused todays weakness because the nonconsumer economy is plain worrisome. Tonight were speaking to electric power thats the largest Transmission Power Company in the whole country. If youre trying to get a read on the economy, theres Nothing Better than getting the power datd a it took my breath away when they said the biggest economic head wind we have at this point is
Speaking as the crowd at a big move on big ideas summit forum encourage her harris to come back. Harris as you can see was just fine. This happened at the democratic gathering in San Francisco. She was fielding questions. The protester popped out of the audience. Direct action everywhere claimed responsibility for the disruption. It is an animal activist group. It is unclear at the protest it will face charges. Harris is one of more than a dozen president ial candidates for the state Democratic Convention. Melissa is at missoni center. Reporter here in the Convention Center 11 candidates gave speeches today. You might think kratz give speeches the democrats would be an easy go. While it was generally warmly received some speakers got the audience participation. Reporter former Colorado Governor John Hickenlooper did not get a warm reception. He said america has problems but socialism is not the solution. In response he was booed. If we are not careful we are going to end up helping to
The taxpayer burden. And later on, why President Biden is calling china a ticking time bomb. You are watching Worldwide Exchange here on cnbc its august 11th, 2023 good morning man welcome to Worldwide Exchange. Im dominic kamalachu. Lets look at equity futures we are moving marginally up or down p the s p is implied lower by two points dow implied higher by 19 the dow, s p and nasdaq are coming off a higher session on the heels of the upbeat cpi report week to date, it is painting a different picture. Look at the dow industrials. North of 1 declines for the Nasdaq Technology may be lower for the week, but small caps have it worse with the russell 2000 on pace for the worst week since late june. Down 1. 75 on the week to date basis. On the bond market, yields on the 4 level are still in focus with regard to the u. S. 10year treasury right now, it is 4. 08 the 2year treasury is lower at 4. 81 . The 30year treasury is below 4. 25 right now. On the energy, oil prices are on the move we ar