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hang seng index was weaker down 0.8%. the shanghai was flat. european equities this morning, if you want to look and see what s happening in early trade, green arrows across the board. the ftse is flat the cac is up by a half percent. the dax is up by 0.2%. crude oil prices which were up once again yesterday, we ve seen at least six sessions in a row of gains, up to 45.28. here are the big stories. good morning tesla ceo elon musk tweeting again. when asked about speculation on the release date for the model 3, musk tweeted news on sunday the model 3 is tesla s highly anticipated so-called affordable model. starts at $35,000. musk says the production version of the model 3 will be unveiled in july, but still no official release date tlaes has taken in more than 400,000 preorders for the car. james bullard is retreating further from his formerly hawkish stance on rates. he said weak data undermined the fed s plan and the central bank should take a more reactionary appr ....
would help avoid financial market volatility. in 2013 the imf suggested that conditions are not right to raise rates. that will just add to the on going debate in this country about what to do. two other central banks in the news this morning, south korea cutting interest rates citing a mers out break and an attempt to soften the blow to an economy already under pressure. meantime new zealand central bank cut rates for the first time since 2011 and flagged the change for more easing. opec is pumping at the highest level since august 2012. this is according to a new report from the international energy agency today and last week we should tell you that opec decided to keep the official production ceiling unchanged saying that the global economic recovery and oil demand justified the high production. headlines on greece continued to dominate market chatter. angela merkel said greece told it s european partners it s committed to intense discussions with it s creditor whi ....
the housing market. china s new loans may have hit a record in generate. sources say initial government data shows new lending with near or above the previous monthly record of $364 billion. the credit storage highlights the challenge policymakers face in reducing leverage and deflating access bubbles. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. you are watching bloomberg. let s get a check of the markets. afternoon trading getting underway in hong kong and china. the hang seng index unchanged. cory: i m cory johnson in for caroline hyde. who is in for emily chang, i am still cory johnson, this is bloomberg technology . 97 tech companies take a stand as san francisco becomes ground zero in president trump s travel ban. plus, we will chat cap into virtual reality. a detailed look on who will be banking off of virtual reality. uber is researching floating taxis. we will talk to the man who literally wrote ....
the that on arizona is not as fresh as it may seem. the epicenter for the international debate on donald trump s immigration policy here in san francisco. 100 20 companies from apple, facebook, google filed a legal brief condemning it. sector from the tech were among the first and most outspoken critics. why? perhaps many of the companies that defined tech today would not exist without immigrants. here is a quick recap. caroline: now my colleague cory with theaught up and former advisor to twitter. you look at the history of some of the most famous tech companies, and there is a lock to in terms of the data historically, but today in silicon valley, 58% of workers are immigrants, so when you step ,ack and look at our labor pool it has been bred by openness and open immigration policy. the notion of non-comprehensive immigration reform, more h-1b visas will keep the people across the border illegally out. let s let the people we want in. let s keep the other ones out ....
chip. we take a look at why the presidential bet on arizona is not as fresh as it may seem. but first, to the lead. the epicenter for the international debate on donald trump s immigration policy is here in san francisco. the case took on increased business importance as 120 companies including tech companies from apple, facebook, google filed a legal brief condemning it. leaders from the tech sector were among the first and most outspoken critics on the executive order on immigration. why? perhaps it is because many of the companies that define tech today would not exist without immigrants? here is a quick recap. caroline: now my colleague cory johnson caught up with the founder of joyus and former advisor to twitter. if you look at the history of some of the most famous tech companies we just saw it and there is a lot in terms of the data historically, but today in silicon valley over 58% of the highly skilled workers here are immigrants. when you step back an ....