Down on the volume product in offshore. And alls ton looking at its restructuring plan. The german carmaker battles against climbing costs and weaker tee manned in china. And swedens Central Bank Lowers rates by 25 basis points, flagging two more cuts are on the cards in the second half of this year. Good morning once again. Welcome to street signs. As we mentioned, its a big day in europe. Weve got some outside moves across the board taking a look at Siemens Energy, shares up almost 10 after strong earnings and alston and german sportswear giant puma all on the upside here you see this leadingthe food and beverage sector, shares up 4. 5 we do have a downside. Bmw and skanska down just over 2. 5 bmw down pretty much 4 right now. Were going to bring you all the details throughout the show, but first lets focus on Siemens Energy its raised its full year outlook on the back of a Strong Demand for power grid equipment in the second quarter, the firm now expecting revenues to rise between 1
Areas are ahead of schedule. Thats going to be great news for commuters. If you take a look through the fence, we can give you a close look at the work being done connecting the two tunnels including that new second tunnel. But they still have quite a ways to go. On the ground workers were pushing the dirt flattening out the area to make way for what will be the new presidio parkway. Up above you can see the bigger picture, wider roads and new tunnels to carry north and southbound traffic. In most of the areas we are excavating, existing asphalt, to get the upgrade ready for Asphalt Paving or in case between the tunnels for con creed paving. Reporter this renovation is part of a 1 billion project that started back in 2009. The old approach to the golden gate was built in 1936 and not up to earthquake standards. The public is going to be having a completely different experience than they have had the last two years. Reporter commuters were warned months in advance doyle drive would be s
Project that started back in 2009. The old approach to the golden gate was built in 1936 and not up to earthquake standards. The public is going to be having a completely different experience than they have had the last two years. Reporter commuters were warned months in advance doyle drive would be shut down. Chp put out a warning it could take up to four hours traveling in and out of San Francisco through this area during peak commutes. But coming back didnt see any traffic or seeing theres no traffic i think lots of people listened to you. I thought i was going to see heavy traffic lombard packed with cars but actually emptier than normal. Reporter thats not the case now. We are at the peak of rush hour. But right now construction workers are keeping an eye on the rapidset concrete. It dries as fast as you lay it down. The hope is monday morning this area will be open for cars. Of course, developers are certainly hoping that it will open earlier but right now, its still too soon to
Stocks can get back to their winning ways. We are about one hour away from the close of trade on this tuesday. It has been an upanddown day. We have been above the green on the s p for the third time. Julie hyman is at the markets. Julie a lot of bouncing around. We are indeed on the green. As we have seen all of this volatility. If you look at the course of the at theat we have seen s p 500, if you look at the intraday chart, you will see all of the upanddown, above and below the unchanged line several times throughout the course of the session as investors figure for marketses next and the economy. If you look at the sectors, material shares have been consistent today. Weve got earnings from a number of companies. Part of that index coming out with earnings or forecast. Health care up well and energy remains the laggard even as financials have been volatile in the session. Financials had been underperforming. Some of them are recovering. Correlationlso no between oil and stock. Julie