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hong kong police arrest a media tycoon and prominent activist jimmy lai after the u.s. penalizes the city s chief executive carrie lam. 15%,s in next digital get dip 50% only to reverse losses. the inflation debate. investors look ahead to u.s. ppi and cpi as global debt with subzero yields top $16 trillion. a ton of negative that out there. bob prince tells bloomberg a pickup in inflation would be mind blowing. frome under an hour away the start of cash equity trading in europe. let s take a look at futures this morning. looking at gains across european equity indexes, .8% of the gains you seen on the widely traded euro stoxx 50 futures, also on ftse futures. in london. dax in frankfurt. looking at games on the u.s. futures picture. tradings&p minis stronger than nasdaq futures, but you still see green arrows, so it could be a risk on monday to kickoff the week. let s get the first word news with laura wright in london. gates billionaire bill says it is mind blowing ....
from the bloomberg terminal. a 2 trillion dollar wipeout. u.s. equities see their worst rout in 12 weeks. is there more to come? the precipice of disaster. america s fourth-largest city but it may reimpose steven mnuchin says the country cannot close again. plus, european banks close to capital requirements. just under an hour away from the start of trading. futureske a look at after the big drop we saw. saw drops in asian stocks overnight. if you look at yesterday s cash a drop in the dax . 559 points. 559 point drop. in terms of u.s. futures, we see a little bit of green on the screen. 1.5% gains in s&p and the dow. can news on the u.k. economy, let s get straight to that. the u.k. economy shrank by 20.4%. that is versus the previous month. dropstimate had been for a of 18.7 percent. 19% or so. it does show a stunning drop in output for the u.k. economy during specifically the month of april. the u.k. went into lockdown around the month of march. we are getting some ....
live where you live, this is abc7 news. a powerful winter storm is slamming the bay area right now. live doppler 7 is lit up in various shades of green. tonight, we re seeing downpours, trees down, as well as power outages. good evening. thanks for joining us. i m ama daetz. and i m dan ashley. we ve seen waves of rain, sweeping through and gusty winds. let s get over to meteorologist sandhya patel with live doppler 7. take a look at live doppler 7 right now. i m going to get you into street level radar. first in the north bay, right around south santaro, petaluma street, steady rain. it has picked up in intensity. as we look at the east bay, san pablo road, it is coming down hard across 680, walnut creek, danville boulevard, concord. in the south bay, spottier showers, but steady from san jose to coyote, heading into the santa cruz mountains. this is just the beginning of what s to come. this storm is a vigorous storm. it s going pick up more moisture off t ....
the latest inisn t just a store.ty it s a save more with a new kind of wireless network store. it s a look what your wifi can do now store. a get your questions answered by awesome experts store. it s a now there s one store that connects your life like never before store. the xfinity store is here. and it s simple, easy, awesome. live where you live, this is abc7 news. live where you live, this is a powerful winter storm is slamming the bay area right now. live doppler 7 is lit up in various shades of green. tonight, we re seeing downpours, trees down, as well as power outages. good evening. thanks for joining us. i m ama daetz. and i m dan ashley. we ve seen waves of rain, sweeping through and gusty winds. let s get over to meteorologist sandhya patel with live doppler 7. take a look at live doppler 7 right now. i m going to get you into street level radar. first in the north bay, right around south santa rosa, petaluma hill road, west 3rd street, stea ....
which is pushing through the bay area right now. the back ending of it in the north bay and on the peninsula. as we go in for a closer inspection, you ll notice those bright yellows indicating some downpours there from yountville, highway 29, to eldridge. as we go through the east bay from walnut creek to lafayette, looking at very good downpours. but look at san lorenzo, hayward and castro valley, 880 there from sabre street and grand avenue, some very wet weather. but look at san francisco, a lull there, but still some showery areas with light rain from half moon bay, san mateo, and right along the coast there they have picked up over 3 inches since yesterday. redwood city and atherton, you have a lull now, but not the case in san jose and edenville, some wet weather for you. from our exploratorium camera, it is in the 50s with raindrops on the lens. our sutro tower camera shows gusty winds, 40 to 50, even 60-mile-an-hour winds up above 3,000 feet. concerns are hydrop ....