The hang seng was up by about 2. 25 , and then the shanghai composite, stocks up. 7 those trade talks extending to an additional day, and well talk about that in a moment. You can also see in european equities that at least at this hour you are going to see green arrows across the board. The cac is up by 1. 1 . The dax and ftse up by 1 . Stocks even higher in italy. Up by 1. 25 finally, check out treasury yields, which yesterday pushed back above 2. 7 for the tenyear right now those yields have firmed even more 2. 735 news just out this morning from fitch it says the u. S. Debt ceiling, it says, is more important than the shutdown it says that if the u. S. Debt ceiling becomes a problem, well have to reassess americas triplea Credit Rating its been talking about this now for quite some time. I think it did it made a Statement Like this in july as well you remember back in 201 1 when the s p when s p downgraded the United States, and then got into a fight with tim geithner, who was then
Treasury yields, this is the number that a lot of people are focused on right now you can look at the tenyear at 3. 223. Were following breaking news out of california. Police are reporting at least 11 people are dead after a gunman opened fire at a bar in Thousand Oaks Authorities Say the shooter is dead hundreds of people were inside the bar at the time of the shooting the bar was hosting a college night. Well continue to follow the latest on this story and bring you more as we get it. Tesla announcing it has chosen Robyn Denholm and created a role for her to be the board chair. This is Effective Immediately. That move coming more than a month after elon musk was forced to step down from the position as part of a settlement with the s. E. C. He had 45 days to do that. Denholm is currently the cfo of telstra. She will be leaving that role as part of this once her sixmonth notice period with the company is up an serve as chair full time she has been a board member at tesla since 2014 t
President xi jinpeng to visitng us President Xi Jinpeng visiting us Business Leaders as he tries to breathe fresh life into the worlds second biggest economy. Thats despite the continuing tensions between the us and china. On tuesday, china complained to the World Trade Organisation about what it says are unfair subsidies the us is giving to electric carmakers. And recently washington said it was investigating possible National Security risks of cars made in china. These are just the latest in a series of troubles which mean trade between the worlds two biggest economies fell 17 last year to 575 billion. The domestic challenges facing chinas Econonomy Have Led Beijing to set a target of 5 for growth this year. And so it desperately needs investment from abroad, even though that shrank 8 last year. Heres a bit of what president xi told those visiting us Chief Executives. Translation differences will always exist, this is because people are different, and even people from the same family
On bay area airports. A live look now at sfo where hundreds of flights are now canceled. From the areas local news station. Youre watching the kron. 4 morning news at 7. Good morning. And thank you so much for joining us here on the kron. 4 morning news. Im Stephanie Lin. It is sunday august the 20th. Lets get right to the latest on hurricane hilary. And the potential impacts for us here in the bay area with meteorologist dave spahr. Good morning to you, dave. Well, good morning, stephanie. Good morning, everybody. We are have some of those tropical clouds made their appearance across the bay. It looks like for thats how well start the day and dont think theyre going to stick around all day because were probably see this break up for us and get some sunshine. And here at late Morning Hours, early afternoon and so forth. But here you have it. The shop in the east bay shoreline, the lower level moisture. Thats our typical marine layer that says hang in. There doesnt have much energy with