Down almost 3 at one point. Jack ma said to surge up the wealth table after a mega dual ipo. Expecting to raise almost 35 billion in hong kong and shanghai viewed Sheldon Adelson rolls the dice in las vegas. He is said to be extorting the sale of his flagship casino which cost more than 6 billion. Shery lets get started with a quick check of the markets right now. We are seeing u. S. Futures opening pretty flat after we saw u. S. Stocks falling the most in the month and the regular session. The s p 500 down 1. 9 . It was the biggest drop since early september. We have the ongoing fiscal stimulus impasse, now on its third month. We also have surging coronavirus cases. Boeing falling on chinas plans to sanction the company over sales to taiwan. We have the u. S. Approving another potential 2. 4 billion of antiship missile fuel to taiwan. The vix closing above 30 for the first time in almost two months. We saw strength in the u. S. Dollar. Take a look at oil prices. Wti rebounding a littl
Billionaires index. Raise 30 5ting to billion in hong kong and shanghai. Aviation in australia. Alice springs emerges as the ideal place to store passenger planes left idle by the coronavirus. Shery. Shery breaking news out of south korea. We are getting the preliminary thirdquarter gdp numbers and we are seeing the quarter on quarter the economy has grown 1. 9 , which is beating expectations of 1. 3 and this is also coming after its first recession since 2003. We saw a contraction of more than 3 in the previous Second Quarter. Youre on your, still a contraction of 1. 3 but its a much smaller contraction than was expected and it is also a contraction that has eased from the previous quarter. We have seen growth and strength when it comes to south koreas exports and manufacturing industries. Thirdquarter manufacturing actually growing 7. 6 quarter on quarter when you look at the details in the gdp numbers. We have seen the rebound in china. South koreas biggest trading partner helping i
A 6 week lockdown meld into a stay at home policy to limit the spread of the coronavirus. More storms forecasted for southwest to panic as the death toll hits 50 with many still missing. Plus rallying for reform villagers in sudans Central Darfur are demanding the government do more to protect them from. I dont people stand it with all your sports news Kansas City Chiefs quarterback Patrick Mahoney signs a deal to give him back i used to contract in the history of professional sports. Now the Worlds Largest social Media Companies are reviewing their operations in hong kong after beijing imposed its new National Security you know that theyre worried this new law will allow the Chinese State to access personal and Sensitive Data but chief executive carrie lamb says the legislation will protect and not undermine the citys freedoms and human rights our correspondents are has more from hong kong. A week after the introduction of the new National Security law in Hong Kong Kerry lamb was quic
Golden gate. Some of this is moving in from mendocino. That is going to be the same today. 60s and 70s. The focus of the shower activities. Cloudy skies, 40s and 50s. The low will continue to funnel in the low from portland, funneling and moisture, but it will move wednesday and thursday which will allow us to get a warm up on friday. Big changes for your weekend are coming up. Todays highs are 60s and 70s. Over to sal, do we have any big wrecks and the picture . Traffic is recovering, good morning to you, good morning to you at home. If you are driving anytime soon, youll see traffic is moving along fine here on the east bay commute. There have been no major issues at, driving through the east bay. The traffic continues to look okay. This is on all the bay area bridges and causeways. Even in the south bay, we have the freeways waking up, so to speak, but not a lot is going on. Steve mentioned walnut creek. We have the off ramp partially blocked. Traffic is so light it is not affecting
Economists expect most jobless numbers will show that another 2 1 2 million americans filed for Unemployment Benefits last week. That would be a slight improvement from the prior week. The nation has seen about 33 million new unemployment claims in just the past seven weeks. Here in california, the state Employment Development department has issued a new set of guidelines as a result of the coronavirus pandemic. The new rules would allow some people to actually turn down job offers and instead continue to collect Unemployment Benefits. New at 6, andrea is here now to explain. Is a drastic change from what normally happens when people collect unemployment but part of the reason here is that people are supposed to be hunkering down at home to prevent the spread of covid19. It is sort of a day by day week by week. That is how tonya, owner of brown sugar kitchen on broadway and oakland views her current predicament after laying off 34 members of her 40 person staff thanks to the coronaviru