See all shutdowns as of this is a busy travel weekly thanksgiving on thursday. Electricians are working right now to start to try to restore the power. Well keep you updated on the progress right here on abc 7 news at noon. And ouras at wjla. Com social media sites. In the meantime, to a loss felt throughout the district and beyond. Friends, family, and colleagues are remembering the former mayor and easy councilman, marion barry, who passed away this week and at the age of 78. He died of Natural Causes due to heart problems and high blood pressure. In northwest d. C. This afternoon, barry is being honored today. Next you can see right here behind me from the flags at half not just here, but all d. C. Government buildings. The flags have been lowered in his honor. Walls of, inside the the wilson building, a somber mood of both sharing of those sharing stories of a man they respected. Outside of wilsonville, block black bunting hangs on the doors in honor of former mayor and easy counci
Business as usual elsewhere. The jobs report is playing out in this part of the world. Yes, that is another a another big one. A chance to react as far as the jobs report. 74,000 jobs added to the u. S. Economy for the month of december, well below the 200,000 estimate. What we saw was a drop in yields as far as government treasuries are concerned. Just about the lowest level in about a month for the u. S. 10 year as far as yields are concerned. Broadly speaking, this is what we are seeing in the equity markets this morning. Is really about dollar weakness which is seeping through to various degrees in the asiapacific. Once again, we see dollar weakness, asian currency strength and a lot of these out,ts as was pointed japan,he holiday in second week into the year and we have already seen for public days. Anyway, we will see how that pans out tomorrow. We are seeing the currency, the south korean won strengthening. We will see how that will impact the markets. On that note, back to you.
Markets here in the asia pacific. In australia where the asx 200 is in the green, fractionally higher as gold futures jump on speculation that the fed will load the stimulus reduction. The Australian Dollar is weakening at 89. 9 u. S. Cents. Adults. S become today there will be no Market Action in japan. Windows have been given reprieve at least lightly. World regulators have agreed to buff the debt restriction on banks to help boost lending to smaller businesses. Joins me now. Aw there are three areas that come into action in 2018. They will be gathering at the gsc in 2008. Ease off of fierce lobbying from the banks. Bank of america, merrill lynch. They have been campaigning. Enough to hit lending and saying were going to have top capital on our debts again. The smalling to business. To ease it off, you can avoid double counting of derivatives. You can dilute the rule off speculations. Aey are going to ease its off little bit more. The banks do feel a little bit more of less pressure.
The Police Union Blames the city council. Why pay that much money and they decide to leave after they get the training . Creating servants out of Police Officers is a smokescreen for city council this put in place policies that are driving recruits away. 100 officers retired or resigned last year. The department has been on a similar pace this year pushing streetready officers below 900 at times. The plan goes to a committee for review next week. Police need help to fine the man who first recorded see someone in the stairwell of San Francisco General Hospital before a missing womans body was found. The San Francisco chronicle reports the hospital made four requests to the sheriff to go to the hospital for Lynne Spalding would vanished from her room september 21. A building engineer found her october 8 while inspecting a locked stairwell. Investigators say four days earlier a man told someone that there was a body in the stairwell. That person has disappeared. We will have more from Amy
Prorated plans. Recruits have to pay back the city if they leave for another city. It costs 170,000 to put each candidate through the police academy. The Police Officers Association Flames city leaders saying masses of new officers are leaving san jose because the pensions and benefits keep changing. Abc7 news reporter, matt keller, will have a report. Shock and anger grows over the shooting death of a bow carrying a replica gun, 13yearold andy lopez. Last night, hundreds gathered for the funeral. It was impossible for people to hide their pain as the casket of the 13yearold andy lopez was health outside the resurrection church. 600 people were here, classmates, strangeers and family and his heartbroking parents. The funeral mass was in spanish. Ahe what too young. He didnt deserve that. He gone. He is here in spirit. On tuesday, he was shot to death carrying a toy rifle look like an ak47. The Sheriff Deputies stopped him and told him to drop the gun. The Deputy Erick Gelhaus opened fi