Had scattered showers through the rest of the day. Sunday is going to do pretty much that same thing. We have rain to look doppler. We will take a look at where it is raining right now. I want to show you what is happening for the next two hours. First of all, there is a cluster of showers in the north bay right now. If you happen to be getting out on the road because you have to be somewhere dark and early, there is one lane going up through the marin cinema county line. If you look at the last hour, you can watch them marching their way from west to east up through marin up into sonoma county. But if we look ahead, we have to look a bit further off of the coast, you can see there is more rain up there in the future cast brings that forward. Watch the timestamp as m. Onthis ther amuch hethat eep ac the we will all get in on the act with this. It is about two hours after sunset. Right now, we look at the rain fall totals and we have picked up about a 10th of an inch from the so far. In
Level, i was president thinking about the fed like everybody else i was thinking that stel, yes, stel is a wonderful thing. Hallelujah. What do i mean by scale a company with scale is a company thats big enough and powerful enough to control its own destiny. A company that scales is one that survives and then thrives in even the toughest environment that a fed chief is worried about or anybody else. Just listen to nothing but washington scale, scale simply being bigger than the other guy, a lot bigger is an enormous advantage we saw the benefits play out today. Exhibit a, amazon. It crossed the trillion dollar threshold this morning amazon didnt become this unstoppable behemoth because jeff bezos is brilliant, which he is. It got here by leveraging scale. Amazon is dominant because its so big they use that scale to get better price from the suppliers to pass on to you. We have antitrust law because when you get big enough, well, no one can compete against you bezos saw how he could use
Bankruptcy protection in the us under chapter 15 which governs Foreign Companies in the us, protecting them from creditors that might want to sue them. You have probably heard of chapter 11. That typically governs American Companies but it is chapter 15. According to Court Filings these negotiations are ongoing in hong kong, canaanite and British Virgin islands. We have reached out to evergrande that have not had conversation. To those who have wondered if they have ever thought of evergrande before it is chinas huge property giant. They have about 1300 projects across 280 different cities in china and they invest in everything, not just property. They have an electric vehicle maker and a football club, but as i mentioned, 2021 was when we saw the Company Default on its debts, sending shockwaves across the Global Financial system and triggering a string of defaults from builders who owed money to evergrande or expected them to complete some contracts. We have seen 40 or the companies t
Moving lower. And republican president ial Candidates Campaign in iowa evover the weekend, but trump faces an indictment over his attempts to overturn the 2020 election loss in georgia good morning welcome to street signs. We have big down trades from asia today Chinese Markets in focus we are watching the hang seng down 1. 5 . Knikkei is down 1. 3 . Investors are focused on all of the commentary from the chinese Home Builders and the issues with the bank loan data for the month of july. Lets get to jason ong who is joining us with more color of what is happening with the overnight markets, jp. Reporter good morning. It wasnt the start of the trading in asia. We didnt have much to go on it was a lackluster handoff from wall street and catalyst and data release to chew on. It is a concern of the chinese Property Market which is keeping people risk off in the part of the world. No one is falling off a cliff. There are losses from the hang seng which will close in a couple of minutes. You
But what else we are going to be tracking in the session is the cautious tone thats going to be coming across from the wall street day. Given that as you said it is the countdown to those inflation metrics. The feds preferred inflation gauge. We have australian inflation coming out. And trading volumes have been pretty thin really over the past few sessions as we await those numbers. We are taking a look at the nikkei, unchanged at this point, but of course watching what is close to a psychological level of 40,000 points. Lets change on a look at what wells we are tracking. Korean markets just opening. You are seeing a little bit of positivity coming through but its very modest as well. Not Much Movement coming through either direction. U. S. Futures you can see again fairly steady. We did not have big moves for the broader index overnight. It was those individual movers that came through, some of the big tech for instance. A change of fortunes thereafter some of those names, but more