We will talk about that later on. The bank of england is sounding more hawkish or maybe less dovish. The pound is down. 1. 2419. The Banking Sector, we talk about tltros and what the story there is. 1. 3 out of the door to european banks later on from the ecb. The Banking Sector under pressure. We will wrap some of those issues up a little bit later on. Willem bt her, uiter, former member of the bank of england will be joining us. He is a visiting professor of columbia university. He will be giving us his take later on. Lets focus on the bank of england in more detail. One of the big Central Banks today. The boe stepping up its response to the coronavirus pandemic. To boost bond purchases by 100 billion pounds. Joining us is seema shah. Giltdo i do if i am in the market with what ive learned today . The bank of england chief economist sounding much more optimistic than people would have anticipated. Seema yes. Although they met expectation in terms of the size of the expansion of asset
Right now on the kpix 5 news at 7 00 streaming on cbsn bay area, protesters in hayward are calling for justice after police shot a 61yearold man in his own driveway. This video coming into the newsroom in just the last hour, the crowds are expressing outrage toward officers, the that the suspect himself allegedly told police that he knows he messed up when the shooting happened. We go to Police Headquarters tonight for more. Reporter protesters in front of the Police Department are Holding Signs and chanting stop killing us. I want to warn you, the video you are about to see is graphic and i also want to let you know now out of the hospital. Protesters are outraged over recent Police Shootings in hayward. A cell phone video captured the latest shooting. It was a loud, chaotic, and fastmoving police response, first a taser and then gunshots. A whole bunch of chaos and me screaming, i was freaking out. Reporter the man police shot, her 61yearold uncle, it happened yesterday afternoon in
Stoxx 600 at a record high. On top of that encouraging news out of china. The pound, 1. 3363, getting a little bit of data with manufacturing. 45. 9 but it is still also indicating contraction. Lets take a look at a share price of electoral a come of , those are down. Mark carney will present the financial report. Thats from 5 00 p. M. London time and we should be a week away from the nomination of the new bank of england governor. Lets get straight to bloomberg first word news in new york city. Boris johnson will appoint new ministers to his cabinet after his landslide victory in the u. K. Election. The Prime Minister will welcome 109 new conservative members of parliament to london. They will take their seats in the house of commons. Downing street saying the government will introduce a law to deliver brexit before christmas. That will pave the way for the eu divorce and take place by the end of january. The International Effort to rein in fossil fuel pollution stumbling after u. S.
And President Trump reits troops in afghanistan and says the taliban is talking about is talking again. Breaking data from south korea breaking data from south korea, industrial reduction from october not good, down 1. 7 percent and seasonally adjusted month on month numbers. The estimate was for a fall of just 3 10 of 1 , certainly a negative territory fall after the 2 hit in september. The numbers were in line in what economists were expecting of a fall of 2. 5 . Looking dire when it comes to Industrial Production and marrying what was saw and mirroring what we saw in the china numbers this week. What else can the bank of korea do in a policy decision coming out and about two hours . It seems they will hold after we saw two cuts already this year, but a lot of questions on how long they can actually pause when it comes to the easing cycle. More on that later on. We will have an economist join us in the next hour to count ton the bok decision, a lot look forward to including the forec
The weather. Clear blue skies for many, i want to move to north wales. The scene in north wales earlier this morning. Not a cloud in the sky, the weight for most parts of the uk. In scotland, thicker areas of cloud. Some has been quite low. Earlier today in argyll, thicker cloud, bringing drizzle. The cloud for most of mainland scotland clearing out of the way, some sunshine coming through, should brighten up in the hebrides. For orkney and shetland, thicker cloud even threatening drizzle. Still in the sunshine for most of us. With the sunshine for most of us. With the wind light, very pleasant afternoon. Overnight, clear skies, light winds, mist and fog patches forming, turning the key for a time in north west england, northern ireland, scotland well turning murky. Temperatures in the towns and cities between seven and ten, called in the countryside, potentially down to low single figures, chilly start to low single figures, chilly start to friday. Once we have lost the mist and fog,