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Tracking the strong winds, the peak wind gust with the offshore went 50 to 60 miles an hour earlier this morning, mount st. Helena, mount diablo gusting wind gusts of 63 miles an hour. Mount hood 39 and 38 milean hour wind gusts at the oakland hills. Because of the dusty offshore winds, low relative humidity values, a big concern with the red flag warning that remains in effect now through 11 00 a. M. Tomorrow for all the areas highlighted in red. The northbay and east bay mountains, Santa Cruz Mountains under the red flag morning. We continue to watch humidity levels drop throughout the day today into tomorrow. That is why we are talking about the extreme fire danger. Also looking at dangerously hot temperatures. Likely record breaking highs today into tomorrow which is why the heat advisory for the bay area in effect today and tomorrow. We look at daytimes highs 20 degrees above average this time of year. I can let you kno ....
14156550001. And entering access code, 146 703 5243. When we reach your item and you would like this submit your public testimony, please press star and 3 to be added to the queue. Each speaker will be allowed up to three minutes to speak. When you have 30 seconds remaining, you will hear a chime indicating your time is almost up. When the time is reached, i will announce your time is up. Best practice to speak clearly and slowly, and please mute the volume on your television or computer. Before i take roll, i did have an announcement to the Historic Preservation commission. You may have heard that a the Planning Departments longtime probably longest Zoning Administrator passed away in september and so i would just request that the commission adjourn in his honor and eternal memory. So now i would like ....
You might say better late than never. Adam that is exactly what i would say. Better late than never but also powell and Richard Clara for the process. There is a reality going back to well before the Global Financial crisis that the phillips curve has been flat. This is a fancy way of saying you can have deviations in inflation deviations in employment to the upside and you do not get that much inflation for it. Then you combine that with the reality we have seen in japan for a long time and in the u. S. And europe for the last 12 to 15 years that when youre too close to zero on your Interest Rate balance, you cannot react as well as you should to policy and adjust policy. Fomc powell and the they unanimously adopted the statement before he spoke what jay powell and the fomc are saying is they are catching up with realit ....
Was 25 n the s p 500 better than average over the last month. We are waiting on the let us check of japan, as the pandemic puts more pressure on the economy already sliding into recession. Inflation numbers are due at this hour. Haidi lets check in on the markets. We had a pretty tepid handover from the u. S. Stocks edging higher. Volumes still below what we have seen over the past month or so. Very much a rangebound trading session. We continue to seek a new catalyst. We continue to see rising cases across the u. S. , driving the idea of a second wave. Beijing struggling with a second wave as well. Conflicting data not giving a great deal of intel as to what the future holds. We are dealing and upside on s p futures, up about. 3 . Nikkei futures also a little bit higher, japan weighing the frostburg of reopening. Also the potential demise when it comes to tourism. Sydney futures are a little bit to the downside at the moment. We could see a modest bounce at the start of trading here i ....
Asiapacific benchmark. Jakarta coming online. Of 1 . F 6 10 u. S. Futures are flat and so are nifty futures. At thatbe looking downgrade of indias outlook to negative. The country at risk of falling into junk status. When it comes to some of these markets, singapore reopening phase two today. The peak p, is the biggest loser on the board. Elevated. Ocks are we are expecting that we could see some action from the pboc in the next coming days. Could we see it in the form of a triple are cut . The chinese bond market has stalled a bit. We are still seeing yields go lower today. Take a look at currencies first. The dollar set for a second week of gains right now. We are watching the pound really closely. The bank of england expanded by qe program. Renminbi is steady around 708. The rupiah, we are focusing on that. B. I. Cut rates yesterday. More easing to come. Trend is steepening getting tired right now. Businesses have fears of a second wave. U. S. 10 year is down to 70 basis points righ ....