We are watching the hang seng index. Australias market is only higher by 0. 3 . But we had this news that china will allow australias cargo to come ashore. Lets have a look at stocks. Clearing exchanges in focus. The u. S. Approved legislation that could lead to chinese firms getting kicked off american exchanges. Also getting a call from sidney. Tak is down 1. 4 . ,his big surging iron or holding at a record. In recent weeks, weve seen pickup of state owned enterprise default in china that have jolted the credit markets and rattled investors. One company in the spotlight is ever grand, which has accumulated the biggest debt in global real estate. We are joined by Stephen Engle in hong kong. In ournt to bring distinguished guest, the ceo and cofounder of sc lowy in hong kong. A bank and manager that specializes in distressed and highyield debt. Good to see you. You spoke to bloomberg about a month ago and you did talk about ever grand. We know that they have taken steps to increase or
County that wasnt there yesterday so we can be thankful that we are making progress albeit slow progress so far and as james mentioned still in the midst of a recordbreaking streak of spare the air alert days, 50s and 60s for your current temperatures with concord and pittsburgh each at 60 degrees. Oakland at 61 right now while San Francisco berkeley much of the north bay hanging out in the 50s to get things started. Robin. Thank you have some trouble spots and lots of heavy traffic to talk about crews are wrapping up a car fire on vasco road right now at one point we had all southbound lanes closed on southbound vasco at the south end of the last week Harris Reservoir but it looks like theyve just released traffic which is good news for people coming out of iran Discovery Bay brentwood trying to get south into livermore but still a lot of heavy traffic there are residual delays leading up to the scene we still have an overturned crash active in san leandro 80 south before to 38. Theyr
Well robin marty im live here at the marina green parking lot as you can see is still close there still a lot of people out here getting their Outdoor Recreation and biking walking and running here along the water. Its a Beautiful Day for that, but we are still in the shelter in place order so. You should only do this type of Outdoor Recreation its whats near you a noise have a mask handy in case, you cant keep 6 feet of distance. Let me show you whats changed and what businesses will be affected positively were heading in the right direction in the shelter in place order which according to that construction sites can resume with certain safety protocols in place so thats going to be huge difference were going to be hearing those projects going on a real estate transactions can also happen now but with some restrictions on open houses and limitations on a one a one on one personal viewings child care programs can resume, but there must be no more than 12 children there and groups of ch
End Coal Financing being undermined by new credit from china and japan. Lets take a look at the markets now. Looks like very much like the past couple of weeks although potentially more so. Very volatile, s p 500 futures have begun to trade and we automatically have begun to see a decline of 2. 8 . We saw last week a gain in the u. S. The s p but the average move was three points. Olatility is still reigning sustaining stocks losses for a second day. The safe even been coming back coming safe haven bid back strong. The u. S. The yen is strongest since the 2016 election in the u. S. A rough day, 41 a barrel for oil. Now investors are expecting more. Lets take a longer look at wti crude. Not even not only did the meeting in vienna not result in agreement, but saudi arabia has initiated an allout price war saying they will pump 10 Million Barrels a day next month. Some analysts are expecting 30 oil prices again, near the lowest level over the past two decades. One analyst said he sees pot
Good thursday morning, welcome to squawk on the street. Im carl canton . Eua. News is solid and question is can johnson sell that to parliament as early as this weekend. Sterling has had a big mix Housing Starts disappoint. Our road map begins with netflix soaring despite the miss, the streaming giant warning that increasing competitive head winds could weigh on growth. It shows Morgan Stanley to be rallying, this on what looks like a strong quarterly result the banks cfo will join us this morning. As we said, futures rallying on new brexit hopes, uks parliament, approval, though, remains uncertain. Lets start with netflix subgrowth did mix. Rebounded to almost 6. 8 million thanks to International Strength on the earnings call, Reed Hastings did talk about the competition with disney and apple, set to launch their own services next month. Fundamentally there is not a big change here. It is interesting we see both apple and disney launching basically in the same week after 12 years of n