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Down by about six basis points. Time now for global exchange, where we bring you todays market moving news from all around the world, from hong kong to taipei, from london to new york and washington. Our bloomberg voices are on the ground with todays top stories. In hong kong, a Third Straight day of protests this rep to traffic across the city and shut down Public Schools for the first time. Chinese state media warned of consequences if the violence continues. Going to me on the phone from hong kong is karen leigh. Give us a sense of what is happening there. Karen i feel like i say this every time i talk to you now, but there is a bit of a new dimension here today. Schools were suspended for the first time during these protests. They will not be in session tomorrow. Some universities canceling classes for the month or even the semester. People start to realize that maybe thi ....
Commute. It is. Aside from the hour, i know, of sleep. Kari showed you the fog socked in at the bay bridge at the Golden Gate Bridge across the bay but peninsula 101 looks clear and easy. Same as the drive. Green sensors all up 101, 280. South bay no problem from the south county into silicon valley. Trivalley at speed except for the Altamont Pass. We know well see that slowing for west 580. A little blip shows up here highway 4 into concord. So far no problems getting toward the bay bridge. Back to you. Thanks, mike. Its a big day on capitol hill, a few hours the nation will get a firsthand look at the impeachment process. Jay gray this morning has a closer look at what we can expect today and what we should look out for, too. Jay . Yes, youre absolutely right, laura. Good morning to you. Look, today marks a big real shift with this historic process, but its also a big te ....
Wall street watching washington today. Stocks set for a lower open. Google, the banker. The search giant reportedly planning to offer Checking Accounts next year and nikes amazon challenge, the sports wear retailer set to stop selling its clothes and shoes directly to the ecommerce giant. Wall streets going to pay close attention to events on capitol hilld chair powell will testify before the joint Economic Committee of congress and the nation will hear public testimony from house impeachment witnesses for the first time the inquiry surrounding the president s actions toward ukraine, for our purposes, jim, well see what powell says first as we expect him to say the economy is in a good place. Yesterday was a punitive moment with President Trump calling for negative rates and i think that a lot of what lets just ca ....
Morning, and then going into the upper 60s by early this afternoon. You notice yesterday we have the high clouds moving in, were going to see the same thing again today and our temperatures matching yesterdays as well. Well talk about whats ahead coming up in six minutes and mike is getting you out on the roads with the look at the commute. Kari i have a Traffic Alert which just developed. Aaron in our control room is watching the monitors and showed the flashing lights. We can see approaching San Francisco on that upper deck getting toward the city so shy of the fremont fulsome exit. They did not make it there. The vehicles involved in a crash are still in your middle lanes, that say problem coming off of the Treasure Island tunnel and getting into the tunnel, shows some slowing down, mid span so thats a problem and like ....
Basically, what weve got today is a reversal of what weve had over the last few sessions. He bond proxies are back health care is doing well today. We are seeing a selloff in the banks and a selloff in the auto sector, down by 1. 4 . Maybe the president didnt quite go as far as everybody was into spitting yesterday in pushing back the idea that european auto tariffs are a risk. We also see some weakness in the spanish market once again. The market not liking what is happening with spanish politics at the moment, and the coalition that is being put together. Again, it is the banks under pressure. The ibex down by 1. 5 . Vonnie fed chair Jerome Powell will deliver remarks on capitol hill in about an hour before the congressional joint Economic Committee. Powell saying in compared testimony that Central Bank Policy ....