Philips beats expectations in the Third Quarter, sending shares higher in early trade this as the dutch Health Tech Company also backs its outlook. The world needs more Productive Health technology, find new ways to connect patients to doctors, overcome the pandemic and philips is very well placed for the coming years to benefit from that. And chinas gdp rises 4. 9 in the Third Quarter as strong growth in retail sales and Industrial Production support the economys rebound. But the data slightly misses expectations so, there are three parts if i can put it more sub sectors and ideas, one, whats going on politically and economically and on a corporate front this week promises a lot of information on all of the above. Maybe not conclusive information. As the u. S. Elections. Such as brexit were getting to a very key crunch moment as well. Because lets face it, weve got around 15 days until americans have their vote, theyre already voting in droves by the way in the u. S. Election. Not muc
That broadly speaking if we dont get that, there would certainly be Downside Risks certainly through the channel i mentioned. Thank you cnn. Thanks for taking my question chairman powell, give us an update to the policy framework and repeated calls for this and this event, is the fed open to other parts of the economy such as income inequality and Affordable Housing we monitor everything we think is important in the u. S. Economy. In a broad sense, all of it goes into thinking about Monetary Policy you mentioned inequality so disparities in income and Financial Wellbeing demographic and racial categories, something we monitor carefully, inequality, which i would point to its a multifaceted thing, stagnation of nat the lower end of the income and lower mobility those are things that hold back our economy. They are the thing is we dont really have the tools to address those. We have Interest Rates and Bank Supervision and Financial Stability policy and things like that, but we cant get a
A medical journal is due to publish more information on the vaccine trial. Welcome to bloomberg surveillance. Im Francine Lacqua in london. The markets are more quiet, but a lot of the focus is euro given what weve seen in the markets and what we saw with the eu leaders. The eu strengthening to a fourmonth high, bond spreads narrowing as regional leaders in europe make progress negotiating a stimulus package for economies devastated by the pandemic. Eurodollar, 1. 1455 and gold flat. Lets get the first word news with laura wright. May joink. International allies and suspending its extradition pact with hong kong, it could come today when the foreign secretary addresses parliament. Tensions have ramped up in recent weeks. London could introduce sanctions over human rights abuses, a move beijing once would have consequences. Donald trump is playing down arising coronavirus cases. He told foxnews many are experiencing nothing more than sniffles and positive tests are only up because of wa
Limit na eliminated. I dont think that the police have any place in schools. This sist they believe it time for change. Whats been doing on, has not worked. So what do we have to lose to try something different. Reporter many said they dont want officers in schools. The Police Officer said they respond to 1,000 calls to oakland schools per semester. 300 of which are serious and would fall on Oakland Police to respond. And the school has to focus on the other calls that are not as serious. Its making sure that the 700 that can be handled above the administrative staff dont fall in to the 300. Reporter the teachers say the pressure has been on them, so doing away with the department would not be a big deal. They said they are the ones that can deescalate the toughest of situations. When you know students and you call them by name, they stop fighting. Police never get in time for a school teacher. That is on me as a teacher. Reporter the school board will vote on the measure on wednesday,
So, benicia bridge, carquinez bridge and the Golden Gate Bridge a little breezy this morning. Heres a look from sutro tower, sun rise this morning and the marine layer is a little more compressed than it was yesterday. Hopefully you get a little more sunshine if thats what you want. At the coast well hang out near 60 during your planner and 76 to 84 with that sunshine around the bay and inland. 82 to 91. Warm to hot at 4 00 and getting more comfortable at 7 00. 75 to 82. Im going to send it back to reggie now. Mike, thank you. President trump has signed a new ban on Foreign Workers here in the u. S. That ban includes a number of visas including the h1b visas used by Tech Companies. The Administration Says the ban will open up more than half a million jobs for americans out of work during the pandemic but others worry this will slow job creation in Silicon Valley. Amy hollyfield live in san mateo with reaction from tech leaders this morning. Amy . Not good. The ceo of this company here