Good fog bank to continue and some tropical monsoon clouds yesterday. Temperatures in the 50s now, but mostly cloudy, partly cloudy. 30 miles an hour travis again, napa, all onshore breeze. Temperatures yesterday we have the low to mid 80s inland, guess what . That is exactly what we are going to see again today. A little bit below average, should be warmer than that all right, over to sal now at for 101. He tells us hopefully it is we going to do this traffic report lets go out and see what we have. I can show you the bay bridge toll plaza and right now it is light at the toll plaza. It is not a bad commute here if you are driving into san francisco. I also want to show you that traffic on oakland is moving well in both directions. It is for 02 lets get back to the headlines. Sal, new this morning and the vote the city blocked cutting an extra 11 million on the Police Department budgets. Mayor libby schaaf broke a 4 to 14 type by voting no work. Mayor schaff said Emergency Response ti
A 2 state solution also the race to find a vaccine for the corona virus that has never been more crucial for rural parts of south africa and the show must go on somehow the future of british theatre under a pandemic as the industry struggles to find its way forward. And Sport England insists their cricket series against pakistan will go at and thats despite pakistan announcing that tan and their players have tested positive for corona virus. Hello everyone after weeks of increasing tension on the Korean Peninsula including the destruction of a joint Liaison Office north korea has now announced it is suspending plans for military action against the south and the state media says the decision was made during a meeting of the ruling Partys Central Military Commission that was chaired by. Kim jong un his sister kim your xiong who is in charge of relations with the south remember she had warned all of possible military action those pictures there of course that joint Liaison Office which wa
Angela merkels coalition hammers out a 130 billion euro booster shot for the economy including Infrastructure Investment and rebates for electric cars. Only one option for the ecb today. The central bank is seen boosting its emergency Bond Buying Program by 500 billion euros. Some investors say anything less would cause a shock similar to marches selloff in peripheral debt. Falling in line. Hsbc and Standard Chartered both back to beijing when it comes to the proposed security law in hong kong. The latter saying it will maintain stability in the region. We are just under an hour away from the start of cash Equities Trading. Lets take a look at what futures are doing. We see red arrows, albeit small red arrows. Ftse futures down 2 10 of 1 . Dax futures unchanged right now. We are starting to see you as futures actually turn higher u. S. Futures actually turn higher. Dow jones is rising. S p and nasdaq futures still down. It looks like weve had some incredible gains. It would be Pretty A
Britains lockdown. European stocks follow asiasing Economic Activity around the world with basic resources leading the way. Car sales in china rise for the first time in nearly two years and a sharp uturn from the 43 drop the month prior sno the german consumer good sees demand for cleaning products jump in the First Quarter but sales of shampoos and adhesives fall. 2. 2 billion deal to sell its business in the philippines is blocked by the local regulator. Good morning pe with seen green march back to the european boards as we begin a brandnew trading week what weve got across the board is reaction to gradual reopening of some economies in europe. Although there is a little more caution than weve seen in some countries like germany, south korea and china, wuhan directly, where the reemergence from lockdown has meant a spike in interest rate. The benchmark stoxx 600 rise of 0. 40, drifting off higher ranges with countries like spain not holding onto some initial green, and france track
This is bloomberg surveillance. I am Francine Lacqua at the Bloomberg European headquarters in london. We are waiting to hear from the german court of legality, coming up shortly. Meantime, this is what im looking at in markets. The markets are on tenterhooks on this ruling from the german government. I have to say, u. S. Futures are climbing. Sentiment being helped by expectations more economies will move toward easing of lockdowns. Oil on the course for its longest winning streak in nine months. What else i am looking at, earnings. We had b. N. P. Paribas rising, setting aside problem loans but warning fullyear earnings will take a pounding from the pandemic. Rallying after it reported a 35 plunge in First Quarter profit. Plenty more on that, and of course we are waiting for that ruling on the legality of qe from the german court, but first lets get straight to bloomberg first word news, with viviana hurtado. Viviana we begin with an internal u. S. Government projection showing the o