Money yes concerts are cancelled and Live Performances stay down. Im sumi so much going to thank you for joining us the southern german state of bavaria has canceled the october fast beer festival because of the corona virus the event attracts more than 6000000. 00 visitors every year and authorities fear it allowing it to go ahead would lead to a spike in infections as we report the move is likely to take both a financial and emotional toll. No crowded party tents giant mugs of beer or packed out parades. Germanys biggest festival has been cancelled for the 1st time since world war 2. Large events are currently banned in germany until the end of august october 1st was supposed to start on september 19th but Officials Say the risk of infection during the coronavirus pandemic is just too high. 2 it is painful for us it is a great pity but as with many things this is not a normal year and this is certainly going to be a year without the festival. About 6000000. 00 visitors flock to the o
This is the coolest day of the week and warmer temperatures are going in. The pressure is high, and this system is really struggling. It did produce the rain out to concord and going highway 4 and then belthle island and then going to tracy. The system is heading in to out to the barkley ranch there. That system is making the move. Its going to be a little bit and Santa Cruz Mountains and then the coast. Doubt the valley, and i will tell you that theres not much left. We have the 40s and 50s here. We have the low 40s and 50s here. Theres a little bit of a breeze. Thats on shore. Something that we have seen here for the last four or five days. We have a lot of cloud cover and temperatures are staying below average. Today is one of those days as the system move in and falls apart. There wont be much rain. In fact, theres just a couple of hundreds. Highs today are below average. Sal is here now, and he will tell fuss theres anything new going on at this 6 00 on on monday. Yeah, thats righ
That the hefed puts out, down severely. We will tell you the sectors suffering the most and no, it is not travel and leisure. As the Dow Jones Industrials fall to about 323 points, that percentage is a loss of about 1. 33 but look at the russell 2000 small and midcaps losing near double that amount. This selloff comes as the u. S. Sees the highest number of coronavirus deaths in a single day, 2405. At the same time, President Trump threatening to pull funding from the world health organization. Coming up, one allamerican fortune 500 company is doing the complete opposite. Colgate palmolive teaming up to get its soap to a world absolutely desperate for safe hands. But its the virus antibodies everybody really wants. Coming up, this is the Silicon Valley disruptor that is speeding up plans to launch its lifesaving drones in america. The cofounder and ceo is about to show you, youve got to see this, how they have been delivering blood, plasma and medicine to remote regions in africa for y
Point. Scarlett has been talking about selloff we have been seeking in oil. We were down but we are seeing crude dipping about 6 . Scarlet oil prices have been all over the map. Eventshis week, the scheduled to taken place, the Virtual Conference call that is on thursday. Friday, the g20 Energy Ministers meeting, where the u. S. And canada may start to play into the production cuts as well. As you were talking, i just down the up the dow smallest percentage move. It has been a long time since we saw the dow kind of close flat on the day. Pretty telling. Quite an amazing day. We have been talking about this all day, the volatility. No one really knows where anything should be praised. Still with us, we want to bring heinel, state street deputy cio. Lets talk about the earnings season set to kickoff next week, earnings season that people are starting to dismiss already. I am wondering what your expectations are, what you are expecting to hear, and how much stock you will be putting into
Top 325,000. Es italy stops all movement inside the country. President trump says automakers have the goahead to produce ventilators. Thezo abe says postponing olympics may be inevitable. Welcome to bloomberg daybreak europe. Morgan stanley adds its call to the list of all three calls on Second Quarter gdp. Claims. Jobless James Bullard of the fed talking about 30 unemployment in the u. S. He along with Neel Kashkari of the fed they the fed can do a lot more. But what is hitting markets overnight and in todays session is the lack of progress on the 2 trillion stimulus package in the u. S. U. S. Futures hit limit down after the worst week for the cash trade since the financial crisis last week. We broke through that no one the s p 500. We saw green on the screen on friday in europe but european futures taking a big hit with european leaders struggling to get ahead of the virus. Read on the screen in asia. The 10 year yield had its biggest drop on friday since 2009. It continues its slid