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City, the city and county of San Francisco are slowing down plans to get back to business the last 2 weeks are key street has gone. From 3 about 3 per 100,000. Population to 4. Thats a 25 increase. The citys Public Health director doctor grant colfax says hospitalizations have also jumped from 23 to 37 in just a week which is why San Francisco is putting a pause on next weeks planned reopening of indoor pools indoor locker rooms and showers at gyms and indoor Family Entertainment activities like bowling alleys indoor restaurants indoor food courts movie theaters museums zoos and aquariums and houses of worship will also not be able to increased from 25 capacity to 50 capacity we were suprice we really thought that this time we can make it to. Get a least a 50 cut ....
Is the ecb doing every thing it can, or will it do more . I think that is the question the market is looking at. We are trading 1. 94 on btps. Vonnie in the u. S. , we erased all of our 2020 decline on the nasdaq, now down slightly lower, but pretty much flat on the year. Microsoft, facebook, all of the things have been doing all of the faangs have been doing particularly well, leading this rally. The s p is up, but there are a lot of crosscurrents, from earnings to the dire economics. We saw the adp report yesterday, followed by jobless claims today, waiting on the payroll report tomorrow. And of course, different reopens across the states. You mentioned currencies making lows today. The dollar index is higher at 100. 29. We were to speaking about crude, up 7 on saudi arabias goodwill on prices. Still not a huge amount for a barrel of wti. Guy every little bit helps. Lets talk about that bank of an story. The new governor Andrew Baile ....
We bring you todays market moving news from around the world. Our bloomberg voices are on the ground with this mornings top stories. We want to begin with china. The government has agreed to cut import tariffs on a wide range. F goods joining us is stephen engle. Break down what we know about the tariffs, why now, etc. Stephen this comes fresh after a trade one agreement a phase one trade agreement. A gesture, yes, to show its lowering trade barriers, but it also wants to spur domestic spending for those 859 products he mentioned, from smartphone parts to food, in particular, frozen pork. All of these products will enjoy lower tariffs, and it comes as china hosts a critical trilateral summit this week that has already kicked off in beijing between china and japan. South korea will also take part. Trade, territorial disputes, military maneuverings, of course, exacerbated by north thoses posturing, and all historical animosities still persist. So those talks should be welcome. Been korea ....
But security saying you will see the boj stop buying longer take 2020. In a move in the aussie in focus today. We are hearing hedge funds switching to bearish. The dollar is weaker ahead of inflation data due for november. Were also watching the thai baht, stronger against the ringback. Trade data against the greenback. Rishaad the Indian Trading day, futures are looking flat. What we have seen, discussing a short while ago, record highs for the nifty and the sensex. Friday no exception. It toheless, that brought a record high for the index of some of the heavyweight stocks. The rupee is flat. The 10 year yields, big move lurched to the downside, Something Like 10 basis point in terms of the yield. The prospects here of further Interest Rate cuts, again brought to the fore. It says something that has gotten more and more ....