Money. Charles u. S. Tariffs on chinese i am ports set to increase 15 on sunday but some businesses are saying that they can deal with this, or impact will be nominal. Ceos of Companies Like big lots and Restoration Hardware saying in corporate filings, even the next round would only result in tiny price increases. Consumer sentiment now down for the Third Straight month, it is conflicting information. Get the read with someone with a little bit of skin in the game, former mcdonalds ceo ed rensi. I keep hearing from ceos, they cant prices on to the consumers. Owned consumers are getting worried because im sure theyre rating about this more and more . Being in the Restaurant Industry. I look at all the commodity issues. Frankly we have such a powerful farm market in the United States, most of commodities restaurants use are readily available. There is abundance of lobster right now. So i dont like think tariffs will impact the Restaurant Industry much f youre a large chain building new
Think a storms coming it is moving closer. We have Live Team Coverage out in cocoa beach, florida. First meteorologist mary lee is tracking dorians latest track. Thats right. Dorian is now a major hurricane out in the warm atlantic waters. Weve been watching this storm intensify and will continue to intensify and strengthen as we go through the Holiday Weekend. So right now the enhanced satellite imagery of Hurricane Dorian. Now lets show you the latest stats. Right now packing maximum sustained winds with Hurricane Dorian of 115 miles per hour. Its moving northwest at 10 miles per hour. And then strengthening into a category 4 storm impacting the bahamas by this weekend and still a category four storm as it nears the florida coast. Likely making landfall along the florida coast by late monday night into early tuesday as a category 4 storm and were talking about category 4 storm that is a catastrophic hurricane with a strong storm surge, dangerous flash flooding, hurricane forced winds
We have fox Team Coverage. Jackie deangelis at New York Stock Exchange and phil flynn at the cme. We begin with edward at the white house . Reporter ashley, bad news upon bad news when it comes to a trade deal with china. Chinese commerce spokesperson confirming that china will no longer buy u. S. Agriculture Going Forward until further notice. The chinese spokesperson saying that china is looking at rolling back the roll back of tariffs they were planning on suspending tariffs of u. S. Agriculture coming into china there. Theyre now looking at suspending the suspension of that. Now private firms are also following suit. Theyre also not buying u. S. Agriculture in china. A spokesperson going on to say that the market, this affected the market later in the session. Earlier in the session, here is what affected the market. The day started off with reports of chinese currency falling below seven to one mark against the dollar. The currency fall would set off additional 10 tariffs or offse
Street hands in its worst day of the year the selling was widespread all 11 sectors finishing the day deep in the red led lower by technology the cause china. That nation effective i. Weaponizing its currency sending the yuan lower, turning the the trade war into what many are considering right now a fullblown currency war. Weve got full Team Coverage of this dramatic turn of events lets things off with bob pisani live on the floor of the new york stock exchange. Hey, bob and melissa, we had a tough day here i want to give a sense of what happened last time china devalued its currency. This was about five years ago in august 2015. The last time china devalued its currency was in august 2015. That happened on three consecutive days of devaluations that was beginning on august 11th the market was very different back then. It was a different picture for the overall markets. Chinas currency was appreciating back then thats a big difference to now the stock market in china was just roaring
The road, thats a look at your commute through dublin. Weve already started to see a lot more people out there on the roadways, and as we get a quick look at the traffic maps weve seen some slowing coming through the Altamont Pass on 580, and were seeing that backup there. A lot of heavy traffic as we see those Central Valley commuters coming into the bay area, and then we also have the onramp highway 101 on the peninsula closed at whipple avenue. Overall Everything Else is flowing well. Well get a look at that coming up in a few minutes. Breaking news in Contra Costa County. Major Police Activity in a neighborhood in rodeo. Today in the bays pete suratos worked hard to find out what happened. He just arrived there to the scene and pete, where are you exactly and what can you make out of this situation . Reporter were on third street and vallejo avenue in rodeo and look, were trying to gather more information. We know the Hercules Police are the lead agency on this. I want to show you