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Maria and we kick it off with Global Markets lets taken a look at european indices a selloff there as well. S p 200 down 250 points right now and paris down 165 and dax index in germany lower by 362. The European Union announcing the closing of its borders for 30 days to slow spread of coronavirus. In asia is overnight markets started with early rally on heels of wall street rally but then reverse course to finish in the red. Take a look at these numbers you have all of the major down better than 4 as you can see, the nikkei and japan and shanghai and composite 1. 8 and then theres oil. Oil prices tumbling touches levels not seen since 2003. As price of oil between russia and saudi arabia wages on demand is dropping oil prices right now at 25. 40 a barrel havent seen those numbs in quite some time. Check treasuries and yields right now on tenure treasury rising this morning o ....
Markets i treasuries as well. The aussie 10 year yield down 16 basis points and money rush into the end. Oil in a bit of a freefall once again. Brent crude down more than 6. 5 . We areke below 20 and watching indonesia here in particular just coming online. The stock index drops re. 5 . Once again, we are seeing a lot of these em volatilities, back once again. We are watching the pboc after that interesting move to cut the seven day repo rate by 20 basis points so they are joining in on the stimulus ways. Lets get more on this with david ingles coming forward. We are watching u. S. Futures in particular continue to head lower. Lets start with the 7 billion injection into the system. I mean, quite a bit. David yes. A couple of things i guess to get out there. You dont normally see a reduction of this magnitude from the pboc. You also have to consider the fact that we know the economy is not doing well and in fact, the latest forecasts now suggest quarter on quarter, you take the median. ....
Candidate steve forbes, im going to let you talk amongst yourself and let you talk, so interesting what you have to say about all the topics for the day and whats going on in this country whether its china trade, im going to sit back. Dagen, you never sit back, not for long. Dagen is that a compliment . [laughter] dagen former u. S. Attorney on new immigration rules of birthright citizenship, a lot of confusion, here to clear it up, member of the House AppropriationsCommittee Chuck on china, former Senior Adviser to george w. Bush, karl rove and brian kelly on lastminute Labor Day Travel destinations, you do not want to miss any of those fine gentlemen. Right here right now signs of hope sparking rally, futures to the plus side bigtime this morning at 245p ....
Riders heading out of warm springs and fremont. That is a check of the traffic. Lets check in on the forecast. It is nice and clear as far as fog. Visibility is doing well. What we are noticing, high clouds, and what has done is help keep temperatures pretty comfortable this way. We didnt drop too low at all thanks to the cloud coverage. The clouds will clear this afternoon which means a warm afternoon is in store for all of us. Heres a great view of the bay bridge. 54 degrees in San Francisco, 46 in livermore, we have no 30s in sight. That is unusual for this hour. Also no fog is unusual. It is all thanks to this. We have clouds coming from a storm in the pacific northwest. That will keep temperatures warm this morning. It will clear up by this afternoon and temperatures are in for a significant warmup, not just today but friday into the weekend. Bad news for bay area drivers, prices on the pump are on the rise again. Reporter tha ....
Lets see where Jessica Florez is at on the scene. Reporter at this hour, police are going door to door, yard to yard. They are looking for the suspect that allegedly rammed an suv, stolen suv, into a motorcycle cop. I want to show you that motorcycle, it is still on the ground here. You can see evidence markers. Right now officers are telling residents in his neighborhood from a street whirl avenue, this court are here, to shelter in place. Nearby schools, including royal sunset high and burbank elementary are on lockdown as officers continue to search for the suspect. This all happens around 941 this morning, according to the sheriffs office. The motorcycle cop was trying to pull over an suv for speeding. The driver did not stop initially. When he finally stopped, the suspect to the car in reverse, backed up, and rammed the motorcycle. With the motorcycle still talk stuck to the car, he continued to reverse. The officer was able ....