Mike is keeping his eye on the commute. First, meteorologist kari hall and the beautiful shot behind you. Whats that, kari . Well, just a fake background of san jose. Lets talk about whats going on for the bay area for today. Now we will have some hot weather in the valleys and also the north bay wind gusts will be pretty high today. Were worried about the high fire danger as well for today and the next several days as our winds could pick up. Hotter as we take a look at our high temperatures for this afternoon. 83 today in palo alto. Mike, whats the update on the commute . I have real monitors behind me with real Speed Sensors showing you actually changes for oakland. Lets take that up. Well zoom in to the nimitz. The northbound side got the all clear saying they are clear. The southbound side the last two minutes have speeds back to the green level. That construction is cleared heading to 23rd away from the bay bridge. In a couple minutes well show you what things are like and why th
Multiple seeking challenges in the rise of yonperforming loans, so m second question is on banks. The general counsel discuss the onond containment measures european banks . Thank you. Thank you very much for your question. Tltro is a longterm refinancing scheme that is really intended help the financing of the economy because banks are offered very attractive terms in order and provided that the lind to the economy. It is not that they lend to the economy. It is not that it was a very generous package of refinancing without any conditionalities. The banks are going to only be eligible to the very attractive rate of 100 basis points provided that they lend at least as much as they did to the economy. So that is number one. It is an encouragement to finance the economy. And all sectors of the economy, not just large corporate accounts. It is focused on small and mediumsized enterprises. Through the enlargement of collateral pools, we make sure it can reached the small osborne orders and
Texas and louisiana preparing for laura to makela landfall asa possible cat 3 hurricane and facing new head winds of a pandemic and the end of an era. They start the end of a new slogan as Everybody Needs to keep their hands out of their mouth. This is Worldwide Exchange on cnbc good morning good afternoon good evening im Brian Sullivan thank you for joining us on a busy tuesday we have to start with the markets and your money despite whatever news there is out there, the money flowing into stocks just does not stop futures higher, maybe on possible headlines of u. S. china trade talk front all of this coming after yet another record setting rally s p 500 closing above 34 time higher and nasdaq hitting 37 records for 2020 the dow, now less than 1 away from break even on the year. Could get there today with the way the futures are looking. Speaking of the dow, there are big changes coming as announced late yesterday three stocks in. Three stocks out sales force will replace exxon mobil.
[bellringing] tom the perspective here as in so many different nations is the dead of the hospital workers. For the nhs, over 90 people have died during this pandemic. In the united kingdom, how is the view, the perspective of the nhs changed . Silence the minute of where we saw boris johnson, the leader of the opposition, and the city grounding to a halt for one minute across the country to commemorate the 100 people who have died these are have died. These are key workers, people from transport, not only nhs. Many times over, ministers were asked about the number of key workers who had died and very few knew what that number was, so this follows a pretty explosive local tv network speaking to one of the sons of the key worker that died from the nhs, saying we really need an apology. This was welcome to unite the nation at a difficult time for the government to answer questions. Tom the symbolism we see as a general pandemic update, there is lots of good news. I know viviana will have
Will be one and that phase one will be signed. Cigna has recovered all of its declines come out with a great orderly report today. Sold a bit on the news, perhaps some people taking profits. If you want to hear what David Cordani had to say, it is on the bloomberg terminal. We spoke to them a little earlier. Guy stocks are down by just a touch. Chinese pmi data overnight also adding to Downside Pressure here in europe. We also have the oil sector lower. Ell angs out from sh little earlier on is a factor in the market. 41 on the german tenyear. The hero just beginning to slide over the last hour or so. It was up earlier in the day. We are tracking the dxy level at 97. The market seems to be paying a great deal of attention to that one. The fed cutting rates for a third street meeting, and fair for a third street meeting, and fed chair a Third Straight meeting, and fed chair they will signaling pause. Basically, we are in a manufacturing recession, but the u. S. Consumer has been resilie