It looks like warm air is about to filter in. Our system will swing through for the morning and the afternoon. Fairfax and mill valley in san rafael we can see pockets are coming through. Maybe up to rutherford as well into sonoma and american canyon. With cordelia in fairfield back over to 37. It is not heavy but is still picking up a bit. Especially back in through for san jose to send teresa and evergreen areas down santa cruz 702 this morning where would you like to begin . We want to start at the east bay we can see general statement that it is tough driving out there because of the wet weather. It was raining harder this morning. And not raining is hard here berkeley. You can see the damage is done. 46 minute drive and lots of people got on the roads early. This is an interstate this is an interstate 880 look here and you can see it has been raining hard. Weve had other issues on 580 and 880s it has cleared up. And you can see for yourself it is pretty slow. Theres a spot in down
of liquid products sold in wall street, and when the property market went down, those products very quickly had to be revalued. china, most of its debt is held in these shadow banks and in some of the bricks and mortar banks so the rate of decline can be slowed a little bit. howeverthe decline can be slowed a little bit. however the biggest issue is debt. overall the debt in the property sector is huge. as much as 30% of bank assets, and that will take a long time to unwind, and the centre of government is very reluctant to step in and probably can t have enough cash. step in and probably can t have enough cash- enough cash. under the circumstances - enough cash. under the circumstances what - enough cash. under the circumstances what one j enough cash. under the - circumstances what one needs to be done? ., ., , ., be done? the garment has to make decisions be done? the garment has to make decisions on be done? the garment has to make decisions on allocatingl make decis
the firm has a sizeable exposure to china s real estate industry that has been rocked by serious financial problems like evergrande and country garden. having a look at how this impacts the chinese economy i have been speaking to andrew collier, an expert on shadow banks. the bigger threat is not so much a meltdown like the united states had in 2009. that occurred because there was lots of liquid products sold in wall street, and when the property market went down, those products very quickly had to be revalued. went down, those products very china, most of its debt is held in these shadow banks and in some of the bricks and mortar banks so the rate of decline can be slowed a little bit. however, the bigger issue is debt. overall, the debt in the property sector is huge. as much as 30% of bank assets, and that will take a long time to unwind, and the central of government is very reluctant to step in and probably can t have enough cash. under the circumstances, what needs to