Following the Fatal Shooting of a black hole. For joining us for your news update this hour im you know this is our team international. French president or money or mccrone has announced the country will enter a 2nd National Lockdown in a bid to turn the tide against the coronavirus or to Charlotte Dubinsky can tell us whats ahead president mike onset in july he tweeted that in the event of a 2nd wave there we are ready thats francois be ready and thats clearly not the case france feels now its in the middle of the 2nd wave could be 1008 colored coat bits try different methods such as the curfews the local lock downs none of them seem to work as we keep seeing or roy sing them but off positive cases being which is that every day the government has said it didnt want this locked down but despite its efforts it looks like its back to square one when it comes to cope 19 from friday we will see a closure of bars and restaurants all essential or nonessential as shops will be closed and thos
Of that will be technical selling. The bond market is a little bit unusual not so much happening in yields here, but in europe you are seeing pretty strong support. The time now for the market moving news from our new york team. We want to begin with china and that historic economic slump. Ae first contraction in backdated. We have our correspondent with all of the details. Mike it was actually worse than you expected, 6. 8 decline, the worst since they started reporting quarterly in china back in 1992. The economy has not contracted the fullyear basis since 1970s. We will watch that. One reason the numbers were not worse, if you look at the second number, smaller than expected, Industrial Production of on. 1 , factories returning to work. The problem for them is with the rest of the world unlock and there is nobody to buy their stuff. Consumers are not buying. Lockdowns were lifted but people are still reluctant to go out and spend. Retail sales down 15. 8 this is important because th
Losses early in the session after the ceo of russias Sovereign Wealth Fund told cnbc and moscow and saudi arabia are very close to an oil deal. Wti and brent are both coming off their best week on record. Not recent records on records ever all the way back to 1983 when they started tracking wti last week wti was up by 31. 7 . Up by 12 on friday alone. A meeting of Major Oil Producing Countries was delayed but still expected later this week that news just being told to cnbc that it looks like they are close to a deal. Andrew, ill send it over to you. Meantime, the latest on the pandemic the number of confirmed cases worldwide now totaling more than 1. 2 million. More than 330,000 of those are right here in the United States and more than a third of the u. S. Cases are in new york state. The death toll in america standing at more than 9600 overseas, british Prime Minister Boris Johnson was admitted to a hospital for tests a spokesman called it a precautionary test the Prime Minister test
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Twostory rear horizonal addition to a twostory one im sorry. Groundhog day was my favourite movie. [ laughter ] bear with me. This is to secret a onestory vertical audition and horizonal addition to an existing 1372 square foot, two story, twofamily home at 2758 23r 2758 23rd strategy. 2758 23rd street. The dr requester, jennifer fe feeber, that the project will result in permanent displacement of both tenants of the off nut d the right most o removal of affe housing and this almost doubles the size and therefore diminishing the Affordable Housing stock. To date, the department has received no letters of support, nor letters of opposition and our planning staff review, however, the extent of the addition will nearly double the size of the units which will presumably enable increasing the amount of rent that can be charged to returning tenants or new occupants. , unless its reasonable to assume a decrease. Issues to existing tenants by the San Francisco rent board and not under the plan