A rally after the fashion giant sports a boost and trades higher on a 50 jump in revenues Boris Johnson with brexit treaty as Parliament Backs the Parliament Bill as a warning it will support trade talks the eu has not taken that particular revolver off the table. I hope we can do so and reach a canadastyle Free Trade Agreement as well. Thank you for joining me today. Let me take you straight to the iea monthly report across the industry what we are hearing is that Global Oil Supply is risen by 1. 1 Million Barrels a day in the month of august as opec plus eased cuts but was down at 9. 3 Million Barrels from a year ago, so still a decline follows two months of gains in the recoveries stalled in august production in the United States fell by. 4 Million Barrels a day as hurricane laura forced precautionary shut ins the resurgence of covid 19 cases, local lockdown measures continue telly working and the Airline Industry has led to downward revisions of demand estimates for the third and F
60s in San Francisco. Ill let you know what you can expect and were going to continue on the cooling trend for the ofek andville the fourth of july forecast coming up. Happening today, Governor Newsom ghn stayathome orders ahead of the Holiday Weekend. That mary just mentioned. The recent spike in covid cases fueling fears of a bigger surge. Kpix 5s kiet do is live in morgan hill this morning with the governors warning on the large gatherings. Kiet . Reporter yeah, so were seeing cities and organizations all over adapting to the changes for the july 4th weekend here in morgan hill. They have canceled one of the states longest running parades and then moved it online. You can watch it on youtube at 10 00 a. M. This saturday not quite the same but thats how it goes. Here we are now just a couple of hours away from yet another big announcement from Governor Newsom. This time about july 4th. And were expecting him to get tough on masks. Now yesterday, he said if people are not going to sta
Very strong winds, particularly gcioss very strong winds, particularly across england and wales. All because of this, this beautiful swell of cloud on the satellite picture. It may look beautiful but it packs a punch, strong winds and speckled cloud coming in from the south west, heavy, squally, thundery showers which will come in this afternoon, persistent rain across scotland. Largely dry wood not too many showers in the far east of england but wins a feature of the weather particularly in the south west later on. Temperatures 16 to 26 degrees, feeling muggy and humid. This evening and tonight, you can see these blobs working across the chart, more heavy downpours and thunderstorms. The wind increasing gcioss thunderstorms. The wind increasing across england and wales but easing back a touch across scotland and Northern Ireland, and those are your overnight lows, 13 to 17 degrees. Here is your area of low pressure, on its southern front, white light squashed together, whenever you se
Why some big names of finance are on her side. Major indices now rallying to record highs. The s p 500 gaining two for a fifth gaining for a fifth and secular session. It was a shorter trading day, not to mention that we are headed toward the july 4 holiday. Still, we saw the treasury rally continue with the 10year yield also falling to levels not seen since 2016. We had different yielding sectors like utilities and read gaining ground. Lets see how we are setting up for asia. So be in asia, stop futures are pointing to gains sophie in asia, stock futures are pointing to gains. Additional export restrictions to south korea go into effect begins formpaigning japans election, ahead of which shinzo abe said he does not see the need to raise the sales tax for the next decade. We had sales from australia, trade data from malaysia, and japan releases its we can report on buying of stocks and bonds. thanks very much, sophie. Lets check in on first word news now. China is one in the u k to kee
Your equity market slightly negative on the s p 500 for the second or third time this week, waking up and looking at china. To the data and commentary around that economy right now. New loans extended on chinese banks ranging to the lowest since 2009, there are concerns about what is developing in the worlds secondlargest economy. Tom you look at the income statement dynamics and the Balance Sheet statement dynamics. I agree. I believe i mentioned this the day before. The flows on the Balance Sheet in and out are what matter. This is fbi from us to them off a cliff from them to us. Maybe not a cliff, but it is down. Jonathan the data dropped in the last hour. The response clear from many on the south side. Stop gin weighing in. We will see. We have not seen it. Lisa what kind of stimulus when they are concerned about debt load in local governments . If they want to move away from leverage and create a more sustainable economy, how do they stimulate the economy where you look at these l