Contraction for the australian economy. Worse than anticipated, but investors with a moment shrugging that off. Chinese markets under pressure. Quickly moving it along, having a look at what else is going on out there and doing that, of yvonne. With yvonne lets start with that aussie gdp number. The second consecutive quarter for the three months through june. And thee first first technical recession in 30 years for us trail you Australian Household spending well by 12 as lockdowns and restrictions shut out consumers. The aussie dollar against its u. S. Peers. Theres a new warning about the u. S. Economy with a fed governor ating there is uncertainty head. She told the Brookings Institution that america will be to depend on the fed and policymakers in d. C. As the economy continues to recover from the coronavirus pandemic. She says Monetary Policy must pivot from stabilization to accommodation. Treasury secretary seems to agree with the fed governor, saying the u. S. Economy urgently n
fine. a lot of you will say, neil, don t talk. anyway, we ve got more on what s happening on the price front, where are that that s all going down for the time being, but the real trouble for much of the country and up to a third of all americans is this heat wave that s gripping a good part of the country. fox weather s robert ray in galveston, texas, where it s particularly hot. welcome, my friend. reporter: neil, good good morning to you. happy weekend, happy saturday. galveston island just off of houston, the gulf of mexico. and look at that, neil, this big seawall, 20-foot seawall, jetting down. it was created after the 1900 hurricane that still killed more people in america than any other natural disaster. it is scorching here this morning. temps expected to be in the mid if 90s, dripping as i speak right now. gulf of mexico temperatures above average, and that is concerning, definitely, as our tropical storm season is about to heat up in august and into september. in
Minutes. Mike has a new crash now in fremont. Yes, the freeways are moving well. Well take you off just off of 680. This new crash northbound 680 heading up towards scott creek road shy of that offramp. A single car spun out in over toward the center divide. No injuries and no lanes blocked from where we understand, chp will give us an update. Meanwhile this crash off of 680 and pleasant hill. That cleared to the shoulder approaching 242. In San Francisco, theres that activity just off 280. Not a major issue for the commute but it is an issue. A big one, back to you guys. Breaking news were following this morning. A Police Standoff now in its 15th hour in San Francisco. A man is barricaded himself inside a home and is refusing to comply with officers. The home is on miramar and ocean avenues. Today in the bays bob redell is there live. Whats happening right now, bob . Well, within the past minute, two minutes, laura, we saw somebody lift up the blinds of that window here in this Apartm
All of this according to the california highway patrol. We are told that the officer suffered minor injuries, and the passenger in the car was not hurt. We are also following a major crash on highway 101. Lets bring in mike with the problems on 101. Mike . Yeah, scott and chris, well show you the map behind us here. We have video also of what exactly happened over there on the freeway. We had a deadly crash involving a motorcycle. There you go, coming down to the bottom of the screen at this orientation, you see the traffic squeezing by op the shoulder. This is a deadlyrash involving a motorcycle there. That scene is still blocking the majority of the lanes traveling northbound. Folks are getting off of the freeway. If you get back on and off, just take 280 as your alternate. You see all the backup. If we can get you back to the peninsula side, northbound, youre jammed up from the expressway. It starts way back here at 237. Off of 237 as well. Thats a good five miles of backup. A huge
Residual traffic on northbound 101. All lanes reopened 15 minutes ago. What happened earlier this morning and backed up traffic for hours, there was a tragic fatal motorcycle accident, killed a motorcycle rider and shook up drivers on the freeway as well. When we arrived on scene the motorcycle was still here. So was the deceased rider. We dont know his name. The chp says its a man in his early 20s. The motorcycle was a blue yamaha. This happened before 9 15. Officers say the motorcycle rider was splitting lanes on northbound 101 and sideswiped a black chevy suv. The motorcycle rider lost control and ended up tumbling down in the number three lane where he was run over by a flatbed pickup truck. Emergency crews responded quickly but could not save the riders lives. It is legal to split lanes. However, we want them to do it safely. We dont know what was the cause of the crash yet. We do put a lot of responsibility on the motorist. We have seen a lot of motorcycles split lanes. We want t