A new era of private Space Development lies over the rise in the future hold for the growing sector we have an expert panel standing by with a packed show today so lets dive in. And the eurozone economy is doing worse than initially expected facing a recession as bad as the European Central banks worst Case Scenario according to e. C. B. President Christine Legarde now economic output in the block is set to contract between 8 and 12 percent this year old guard pointed out a previous estimates of the milder downturn are now out of date the e. C. B. Will release official projections for Economic Growth and inflation in the block and next week meanwhile the European Union on wednesday proposed a 750000000000 euro recovery package to help Member States deal with the recession brought forward by the ongoing coronavirus pandemic president of the European Commission spoke about the situation. The aim must be to invest together and our common good we will be bolts by raising unprecedented amou
Headlines and what it means for markets with our markets correspondent, abigail doolittle. Tech continues to outperform today, and it is something we have seen in recent weeks. Where is the leadership tech typically provides . It was not there on the day. That has to do with one of the headlines you were talking about, ratcheting up tensions between the u. S. And china. They have been there in recent weeks, but markets ignoring it to some degree. Last year, every other week risk on, risk off, depending on the headlines. Right now, there are concerns those headlines, the war of words between the u. S. And china, taking down tech. A lot of these Companies Receive quite a bit of revenue from china. Apple, the tech heavy weight received about 20 from china. The ship sector chip sector is super sensitive to china. We see the s p 500 tech index down more than 1 . The stock down even more. Over the last nine days, we have seen a real roller coaster ride. Last week was risk off. This week we h
Santa clara has no date for starting phase two. Now, you can get more details on phase two of the recovery and what flights, and stores will look like after covid19. This is all on our website. Youll also find a full list of health and financial services. Getting more people tested for coronavirus is critical to reopening. Everyone in three communities in the east bay can be tested and Julian Glover is live at the Alameda County fairgrounds with more on this. Good morning, julian. Hey, good morning, kumasi. Testing has been happening here at the fairgrounds for three weeks now but that is for people who did have coronavirus symptoms. Now, anyone without any symptoms can come get tested here at the fairgrounds if youre a resident of pleasanton, livermore. This is an invitation for anyone 10 and older to get tested. You do not need to have an appointment. This will be running 1,200 tests a week at this site. An average of 250 tests per day. Be conductin a more tests. Ancart suggested tha
Nasdaq off by 35 we have been thinking the new deal would be by december 15 the huge question is do those new tariffs come into effect the market has been punched in the mouth twice since yet yesterday, futures were up almost a full percent. The first china news yesterday that things werent looking great for december 15. These new comments imply phase one is not nowhere but if people are still thinking december 15, thats hard to believe yesterday, the pull back was the worst day weve seen in months but still talking about a decline. The dow up 4. 2, s p up by 5. 5. Well see today while the move yesterday wasnt too significant, volatility spikes more dramatically that implies that todays move was not unexpected we may see bigger moves in the days ahead we have the sound bite. Getting to the comments from willem marx in london. The president arrived here late last night. Stayed at the u. S. Ambassadors residence. He gave some Public Comments including on china saying he wants to wait unt
Lot of folks dont have air conditioning, believe it or not. More than you think. Place like hayward, 90 degrees today, that is brutal on folks. With that said, here are the current temperatures, one or two in concord 102 in walnut you can see where the heat is, that is the excessive heat warning that stays in effect for 24 hours. The heat will stick around, though it will cool a little bit over the next 12 hours. We will see you back here with the weekend forecast. Firefighters in the south bay are battling a grass fire this afternoon which started around 12 15 along santa teresa boulevard and bailey avenue, in south san jose. So far, the fire has burned 75 acres and about 15 homes have been evacuated. People in the surrounding area are being told to stay indoors, because of the heavy smoke. Crewforward progress of the fir contained, but the extreme heat today is taking a toll. If it increases the workload on the firefighters, it also increases the rate and the spread of this fire, as