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putting down the new ones. anny h.: coming monday it will look completely different it will be a whole new approach from more remote and lombard you will have the two bridges on the east end and they re all the time of we have been saying built over the last few years. : northbound and southbound will have that all a separate tamil and their own separate bridges the safety shoulders are wider lanes and it will be a much better experience for the driver. anny h.: doyle drive will be closed from now until 5:00 monday morning come up for 30 we will have live report keeping us posted on the construction and if there are any delays we will get a look at the traffic impact of the royal drive closure but first we want to get a check of. the of michelle a.: the rain will taper off until 10:00 and then we will start to see a little more sunshine however it will be on the cool site across the coast but if you are inland plan on several as being a cute few degrees warmer storm ....
ordinance he signed into affect the share says if the city changes is ordinance the department will appear to win but not until that time. : i do think that the mayor is playing politics with the public safety and i really do think it is a generous tile he s been gone about this. dan kerman: the arrival in san francisco began in the spring after serving time for illegally entering the united states the bureau of prison ran a warrant check and found this a 20 year- old san francisco warrant indicating sanchez had failed to appear on to marijuana charges the sheriff said once contacted his office had no option but to bring him back here to face a court but the question why the fed may contacts in the first ones. : federal authorities could have repeated the earlier process but they have done numerous times before and deported him without responding to the 1995 warrant. san francisco rallied never prosecuted for marijuana anyone. dan kerman: we restocked to the bureau ....
and less cash in home buying and lender underwriting. we ve talked a lot about some loosening in the market. more adjustable rate loans and even interest-only loans coming back. freddie mac made some changes when it comes to student low debt as well. that should give branks and non-bank lenders a boost in earnings for the year. we actually have more housing data out today. mortgage makeses edging up ever so slightly 0.1% last week but existing home sales, that s where i really want to focus in on because they came in quite strong. right? yes, mandy. we re seeing healthier sales in june. prices, not so much. sales gained a larger than expected 3.2% in june for the month, up 9.6% for the year. that s the strongest monthly pace in over eight years. but they came at a very high price. the median existing home price hit $236,400. that s the highest ever. it is due to tight supply up less than half a percentage point from a year ago, just 2.3 million homes for sale. it is ....
another big asian sell-off. china losing 8.5% in overnight trade and the hang seng in hong kong also dropping 3%. japan a more muted drop but i think you get the picture. europe falling as well. germany and france bearing the brunt of the selling and the drop continues through the usa. we are off the lows of the day but as you can see the dow is moving to the downside by 133 points right now. the nasdaq is off by 46 points. the s&p down by 11. the russell 2000 is down by nearly 1% folks, or 11 points. my old colleague now joins us with more on why china dropped so far, so fast. reporter: volatility returning with a vengeance to the mainland china stock markets. equities plunging more than 8%. the biggest one-day drop in more than eight years on signs beijing might be backing away from supporting the markets. concerns over economic health soured sentiment further. data show china s industrial firms dropped 3% from a year earlier reversing a .6% rise in may. index heavy ....
a round of banks upgrade price target on facebook despite the social network spooking investors with its big spending plans. all right. good morning, everyone. it is 10:00 a.m. here in london 5:00 a.m. on the east coast. the s&p 500 seen off by 4 points the dow jones seen off by roughly 10 and the nasdaq lower by 8.6 points. we re higher for the second straight session closed out the highs of the day, the dow and the s&p up by 0.7% each. we were pretty much unfazed by the fed. once again held by the rebounded in oil, energy stocks doing very, very well. i want to show you what s again on with european equity markets. we are modestly higher no huge gains. we ve had so many earnings out this morning. by and large, they were better than expected. jpmorgan saying the proportion of companies beating earnings estimates is the highest since they started compiling that data since 2009. go figure. the xetra dax higher by 0.2% the ftse 100 also up by 0.3%. that means we re go ....