For the people of lebanon cost of the damage from the blast is estimated to top 3000000000. 00 with food imported by the flattening of beiruts port. And breaking ground and stirring controversy indias Prime Minister lays the foundation of a hindu temple on the ruins of a 16th century mosque. Also sri lankans are voting in a much delayed election its the 1st poll in south asia during the coronavirus pandemic. And he stammered with the sport refound the dull confirms he will not defend these us open title later this month because of coronavirus fears. Welcome to the news are we begin in lebanons capital beirut where people are describing the fallout from choose days explosion as apocalyptic there were scenes of. Else after the blast ripped through the citys port killing at least 100. 00 people the lebanese are trying to come to terms with the widespread damage that stirred memories of the civil war among the hardest hit areas on the busy commercial districts beiruts governor says up to 3
Singapore and malaysia as well. The Peter Navarro episode, if it is any indication how sensitive markets are to the slightest hint of bad news, that tells you the story of volatility in store for markets in the second half of the year. A quick check on the risk radar. Aussie yen coming off a little bit, that tells you where we are in terms of Risk Appetite. We were closing in on 79 a few weeks ago. Brent crude, some upside. Lets get you up to speed with other top stories we are watching. It lawmakers in washington have approved a bill to penalize banks doing business with china over beijings National Security legislation for hong kong. The bipartisan measure in the senate has support in the house of representatives and needs to pass before reaching president trump. It condemns china for breaking obligations under the deal that return hong kong to mainland rule. The coronavirus has hit local trade hard with lockdowns increasing by 12 . The hike of that pandemic in april, new research th
Friday here. We had the range bound markets all week, maybe with the exception of gold. All of that pushed aside by the ramifications of the pandemic. We dont need to go into it now, but i really wonder over the andend, as the economists equity strategists write how they adapt and adjust their q3 view out of the news we are seeing from the sunbelt. Jonathan it is going to be a tugofwar for the next few weeks and months. Beneath the surface, the fragility is really going to start to show in places like texas and florida. Lisa this is the tension. The traditional data we rely upon, getting some of it today at 8 30 a. M. With u. S. Personal income and spending, this data is outdated well before we even get it. There is a question of what do you look at. Do you look at restaurant rivers rations restaurant reservations . Do you look at mobility trends . These are things i am watching in the day ahead. The universityt of Michigan Consumer sentiment survey. At 2 00 p. M. , u. S. Airline execu
Tomorrow. Northerly, north easterly winds. Critical fire weather conditions. Going through the day, well above average for the daytime highs. 77 in san jose, and 93 for concord, and 10 to 13 degrees above average with sunshine. Heating up form, and details on that, coming up. Anne . Reporter im anne makovec, and we are keeping an eye on the investigation scene right now, near the carquinez bridge in solano county. An suv drove off of the bridge last night, and all four people inside died. The driver and front passenger, both women in their early 20s. Two young men in the backseat, ages 19 and 21. A look at the scene. Right after that car careened over the concrete barrier on the bridge, launching over e , in a stat train below. It fell over 200 feet, and it landed in an Industrial Area as you can see there. No one was hurt on the ground. The chp at this point does not know what caused the suv to launch over the concrete barrier. They have been interviewing witnesses, and they are hopin
Indonesia says it plans to send them back out to sea. And australias Biggest Airline quantas is set to cut 6000 jobs saying it has to shrink to survive the pandemic. New coronavirus cases in the us have risen to their highest level in 2 months its now recorded almost 2 and a half 1000000 infections and 121000 deaths research is that the university of washington are now predicting that nearly 180000 could die by october when about half of the 50 states are seeing a surge cases are rising in the states seen here in dark orange and going down in the grey estates shaded light orange a stable experts say large parts of the country are on the verge of becoming overwhelmed is mike hanna. Cases of the virus are peaking in at least 9 u. S. States most of them ones that dropped mitigating measures earlier than others like texas where the number of people being hospitalized has doubled in the past 2 weeks and people got complacent people got a little bit overly confident in our ability to manage