We are looking ahead to the fed minutes out on wednesday. Lets change the board and look at the currencies and we will check in on some of the commodities. The u. S. Dollar index currently flat. You have the euro gaining just four basis points. A stronger euro over eight straight weeks. That is beneficial for emergingmarket currencies. The yen, 76. Rsus some gains for the aussie versus the safe haven yen. Gold had its first weekly drop since early june. Gold firmly in focus. Down 3 10 of 1 . 42 for wti. Over in the u. S. , 17 basis points on the 10 year. Lets get to the first word news. Good morning south korea is warning of a new mass Coronavirus Infection after reporting its highest number of cases since early march. The latest infections are being linked to a church in seoul. Tokyo confirmed new cases. Young adults in their 20s the largest group, almost 18,000 people are infected in the capital. New data show the japanese economy continuing to stumble amid falling Global Demand and
Region. In the u. S. , the senate has gone on vacation. It cannot get over this . It cannot francine get over this. Lets get to bloomberg first word news in new york city with ritika gupta. Ritika good morning, francine, lisa. President trump hasnt delivered the deal of the century he promised in the middle east. He can claim a foreignpolicy victory after israel and the United Arab Emirates agreed to normalizing relations. Even joe biden called it a historic step. With joe trump clashed biden over masks. The democratic president ial candidate said every governor should require masks for the next three months. He said that would save more than 40,000 lives. Bidenst trump rejected approach, saying, we want to have a certain freedom. That is what we are about. Vacationers will be unable to get back to work when they come back from their holidays. They must be quarantined for 14 days. China, the economy continued to bounce back last month. Industrial growth remained steady, rising 4. 8 fro
Dont think we get any rain. Sunday night into monday point be a better opportunity. It is really warm. 60s and 70s livermore and san jose 75 and 74. Very hot and muggy and dangerous heat for some. More likely the fire danger increases when it is warm. 103 in santa rosa. 108 and livermore. Palo alto 101 and 100 and san jose in the forecast track for today and the higher clouds make it feel muggy and that will continue today and tomorrow temperatures will be significantly above average for this time of year. I mean, really far over to sal now at 5 01 tyler friday. You are still pretty quiet out there. We had some earlier problems that cleared up in the last halfhour and right now we are back to 280 in san jose where traffic has been moving along well. At the bay bridge it is nice as well. We hope to get friday late especially, with this heat. 5 02 and lets get your headlines. The chp searching for driver involved in a highspeed produce in the east bay. It began in the hayward area just a
Saying if the infection rate in new york state remained low and statewide give or take, it is low, hovering around the 1 mark the schools could open. Governor cuomo previously said if it stayed below 5 they could open if it were to spike up to 9 they would then close down so this is in line with that, what the governor is saying today. The most important part of all of this is what the local jurisdictions decide to do, and the way it played out in new york is that the local superintendents of School Districts around the state submitted their plan by last friday. Now, some didnt get a plan in at all but most did, and most of those superintendents submitted a plan that had some blended approach, meaning that even if School Districts be open to in person learning, students would not be going backtoschool five days a week, in some districts they would, but in most they would not. It be one or two or three days a week, some rotating system that allows the schools to have a smaller presence
Us president ali trump has accused germany of not pulling its weight in the Nato Alliance and now hes taking action against it hes ordered a major scaling back of the u. S. Military presence there maybe 12000 troops a 3rd of those based in germany will be withdrawn around half will be sent to other bases in europe the rest will head back to the United States the european command and special operations h. Q. Would also be moved from germany to belgium and the changes are expected to cost the u. S. Billions of dollars as anyone can see the repositioning of our forces in europe constitutes a major strategic and positive shift wholly in line with the n. D. S. And consistent with other adjustments to the United States just the United States has made within nato in previous times. These changes will achieve the Core Principles of enhancing u. S. And nato deterrence to russia strengthening nato reassuring allies and improving u. S. Strategic flexibility thats enough from a white house course