The u. K. Considers new curves in london. The rda prepares to meet with melbourne again in lockdown. Pam braces for more economic gloom with First Quarter growth data. We are expecting a steeper downward revision. Lets get a check of where mark were markets are setting up. Here Sophie Kamaruddin in hong kong. Here is Sophie Kamaruddin in hong kong. Sophie a cautious start to the month of august after asian stocks have a fourth monthly gain. We are seeing sp Futures Holding steady and looking like a soft start to this trading week. Gold futures testing 2000, bouillon extending its rise after the best month in four years while u. S. Real yields lingered near record lows. Money managers are shifting gears a touch, decreasing the bullish gold bets to a six week low at the end of july. In the forex space, looking steady with offshore yuan staying below seven. We have the aussie dollar easing its earlier drop as investors assess the lockdown in victoria state. With a earning stock, we have t
Front covering over japan. The region has borne the brunt of the damage. People in the affected areas are trying to recover what they can between downpours. One resident says all the furniture and appliances on the ground floor of his house were damaged by flooding. Translator i want the rain to stop. I hope it stops as soon as possible. Volunteers are working with residents to clear out mud. Only people within the prefecture are allowed to help as a precaution against the coronavirus. People at evacuation shelters are also trying to maintain social distancing. More than 6,000 houses have been flooded or damaged across 19 prefectures. Officials are still trying to get a full picture of the destruction. People across the krunt are donating food, bottled water and other necessities to h help tho in hardhit areaeas. Prime minister abe shinzo say police, firefighters and selfdefense force personnel have rescued more than 2,300 people. Translator i want officicia to do all they can to save
Midwest. Will be b here to give us a consumer check as power lunch begins right now welcome to power lunch. Im contessa brewer. Check out where we stand after hitting record highs the dow mostly in the red thanks to boeings move lower the s p barely hanging on to the green. The nasdaq again, still in the green, but barely hanging on to the gains. Take a look at these tech heavy weights which have been b leading the rally. Facebook up half a percent dpo google up a half a percent the dow crossing 29,000 for the first time today though it is off that level right now. A handful of stocks responsible for this latest leg of the rally and bob pisani is taking a look at those names hard to believe it was only a couple of years ago we were at 20,000 so i want to show you whats responsible for moving the dow from 20 to 29,000. Concentrated, but not as much as you might think. Apple not surprisingly 15 of the gains is through the apple. Boeing, 13 . United health care, visa and microsoft. B abou
Also this morning, are you ready for what could be the hottest day on record . There are warnings of travel disruption and and damage to health as the heatwave reaches its peak. We could hit 39 celsius, 102 fahrenheit, somewhere in the london area today. But the heat is not confined to the south east, i will have all the details later. Braced forjob cuts nissan prepares to announce more than 10,000 roles will go around the world , workers in sunderland will learn this morning if theyre affected. In sport, a historic day at lords as irelands cricketers mark their first test against england by bowling them out forjust 85 in two hours. Good morning. Its thursday the 25th ofjuly. Our top story borisjohnson will chair his first Cabinet Meeting this morning, after a massive clear out of theresa mays senior team. The new Prime Minister moved quickly to install brexiteers in key posts to help carry out his pledge to take the uk out of the eu by the end of october, with or without a deal. 0ur P
To about 90 degrees for some of the warmest spot in the and. We talk about is temperatures continue to climb, which you can expect. If you need the extra cup of coffee giving yourself the extra time. Looking at the main travel times, they are all in the green. That is good news for those of you hitting the roadways. Especially for super commuters. There is an accident and it is in the opposite of the commute direction. That should not be slowing you down at all. It is a 24 minute ride. 40 minutes on eastshore freeway at a 25 minute ride highway for to get there. It is still looking good out of the south bay. The Golden Gate Bridge a fog advisory in effect as a result of the fog. Make sure that you take it slow and you are safely crossing the golden gate for the bay bridge meeting lights are not yet on in the san mateo bridge is starting to get busy on the other side. 101 there is an accident you have to navigate past. Im kate nielsen at the live news desk. Part of the thousand seeing t