India may miss growth targets as the virus cripples the outlook. Intel plunged after its new chip reduction process was delayed again. The company is under pressure as customers increasingly turn to rivals for chips. We are just getting pmi data out of australia crossing the bloomberg. The pmi actually rising to a record high in july. This is a preliminary number for services coming in at 58. 5. Manufacturing pmi also higher, 53. 4 from 51. 2. Composite at 57. 9. A big jump from the 52. 7 in the previous reading. That returnecting to some semblance of normality as part of australia exit the stricter lockdown. Going forward will be key given we are seeing a fresh sixweek lockdown from victoria. Lets take a look at how we are setting up this friday session. U. S. Stocks falling to the lowest in about a week after unexpectedly high jobless claims rekindling worries of the economic recovery stalling. We are seeing more recovery when it comes to trading in futures contracts come up about. 2
A some restrictions to keep the economy moving. And resistance to lebanons Financial Rescue plan as the government turns to the International Monetary fund for help. Hello thanks for joining us an experimental antiviral drug has been authorized by the u. S. Food and Drug Administration for emergency use in treating coronavirus patients 1500000 vials of the drug death of a year will be distributed to hospitals from monday the f. D. A. Gave its approval after a government sponsored study showed the drug shortened patients Recovery Time by about 31 percent. When the president brought the pharmaceutical companies here to the white house you were among them he said we wanted you to move quickly on developing a vaccine but he said develop therapeutics as quickly as you can we were told d that it was possible that by the spring we would have therapeutics and standing here on may the 1st the very 1st therapeutic with the emergency use authorization the good work of f. D. A. Is now available an
Includes the takeaways from the whistleblowers complaint. You can find it at nbcbayarea. Com. Accused of spying for china. Take a look at the Surveillance Video used to build a case against this man. Investigators say it shows him leaving money and information for a secret agent to pick up. Nbc bay area Mark Matthews is outside the Federal Building in San Francisco where the u. S. Attorney announced the arrest today. Mark, what happened . Edward pang used to be a travel agent here in San Francisco. But that was 2014 when his business collapsed, a year later, a u. S. Attorney and the fbi says he began passing National Security information and money for chinas spy agency. Heres the catch. All of that National Security classified information that he was supposedly getting to china, it had all been scrubbed by the u. S. Before he got his hands on it. The fib says this Surveillance Video shows edward pong taping bundles of money, 10,000 or 20,000 at a time to the bottom of a drawer in a bay
Francisco credit union sitting on most of those medallion loans. We partner with the city on many different avenues. This is when we felt that they left us in the bag and that is the reason for the lawsuit. Reporter what is new now . How about around a dozen letters that have drivers even more worried than they were before . Im not sleeping. A whole week. Reporter nervous and not sleeping, tmb is one of the taxi drivers that just received a letter demanding full payment on the balloon loan issued for his medallion. The total amount demanded in the letter . 172,000. You cant pay that. Reporter i imagine any other driver that has one of these balloon loans is now wondering am i the next person to fall into this . Definitely, definitely wondering who is next. Reporter the driver said the letters were just the first surprise. The drivers went in with these letters to the bank. They were told that they were bundled into a loan and sold. The San Francisco credit union has now acknowledged th
On Christmas Day. Abc 7 news Lonnie Rivera is live at pier 39. Are you seeing more security there . I have noticed in the last couple minutes a coast guard Patrol Officer coming around with a dog every couple hours near the tree. But in terms of business, as you can see, its business as usually despite this place being an alleged target for terrorism. Saturday holiday fun goes on as pier 39 after the fbi foiled a planned terror attack. When i looked at my phone and saw that it said theres a threat of this terrorist at pier 39, im like, oh, my gosh, were here. Trish sha johnson was friday when she learned of the plot. Everitt jameson planned to stage the attack around christmas. Hes now in jail. You cant get rattled when this happens. This is our country, this is america. Some visitors noticed coast guard and more security staff. I trust in the security ive seen around here. According to a federal criminal complaint, Everitt Jameson had radical jihady beliefs. His family members in mode