Loan prime rate by 10 minutes to 4. 05 percent in an effort to ease Lending Conditions as n. P. A. Now warns that banks face a surge of up to 1. 00 trillion dollars in bad loans but chinas banking regulator and nouns that it will allow the countrys lenders to raise the tolerance for bad debts during the outbreak bad loans created during the crisis should not be counted as nonperforming loans as factories were prevented from reopening and workers were quarantined at home. Now apple i phone maker foxconn is cautiously restarting production at its main plant in china and warned on revenue guidance plans and vietnam india and mexico will continue operating at full capacity with expansion plans underway as it seeks to minimize the impact of the virus and now to give us the latest on the macro impacts is Todd Horowitz chief stratus above the trading so but we know already that apple rescinded its march Quarter Sales guidance and that the i phone i will probably be delayed so do you expect th
Entire u. S. Workforce taking an unplanned 2 month vacation now in an effort to support the economy china added more stimulus via rate cuts major lenders reduced the one year loan prime rate by 10 bits to 4. 05 percent in an effort to ease Lending Conditions as n. P. A. Now warns that banks face a surge of up to 1. 00 trillion dollars in bad loans but chinas banking regulator and nouns that it will allow the countrys lenders to raise the tolerance for bad debts during the outbreak bad loans created during the crisis should not be counted as nonperforming loans as factories were prevented from reopening and workers were quarantined at home. Now apple i phone maker foxconn is cautiously restarting production at its main plant in china and warned on revenue guidance plans and vietnam india and mexico will continue operating at full capacity with expansion plans underway as it seeks to minimize the impact of the virus and now to give us the latest on the macro impact. Todd horowitz chief s
Most people think just stand out in this business you need to be the 1st one on top of the story or the person with the loudest voice of the biggest raid in truth to stand out of the News Business you just need as the right questions and the right answers. Question. This is the one business show you cant afford them and im christiane and im burning more in washington coming to toronto barack has taken a toll on china but how is the nation responding to the threat going to break it down. Huawei is back in the hot seat of the u. S. As the motive a major critic of Telecom Giant which topping i would visit in the country we look at the big picture. The full run in the credit markets a coin has taken a nosedive but whats the reason behind the slump well dig into the did what it means by the 2nd Going Forward. Today the less so and dive right in. U. S. And european markets slipped today as the number of coronavirus cases outside of china increased especially in south korea and japan research
Was not allowed in court because he forgot his id, but reporters told him afterwards his father was given 30 years. He said i think thats quite sad, i think thats a really long time because if you think about it right, hes already nearly 50. Hes hes basically its just a death sentence. Judge corley also sentenced depape to supervised probation, but said it likely wont be enforced because hell be deported back to canada after serving his time. David depape is also facing state charges, which include attempted murder. Jury selection in that trial begins next week at the us district courthouse in san fncisco. Im sergio quintana, nbc bay area news. Okay, thank you, sir. Hill, we have covered this story fray one of the break in through the Court Proceedings and the trial and todays sentencing. You can see all of our reporting on nbcbayarea. Com. Okay. Get ready drivers, beware. A section of six 80in the east bay is going to be closed. And it is going to be a huge mess. Its happening between
Yet. In the minutes from its last meeting, policy makers at the central bank made it clear that they still want to see further gains in the job market and more evidence. Inflation. Just today, the Labor Department said Consumer Prices rose just. 1 in july. So while the fed didnt say a hike is coming in september, it didnt say its not. And there in lies the confusion which played out in the markets midday. So mark your calendars. The next meeting is only a month away. When the fed does hike rates, and it will at some point, it will impact everyone who has a savings accounts, wants to take a home mortgage, has a car loan or wants to put money into the stock market. A controversial, even confusing set of minutes from the Federal Reserves july meeting came out in which the markets could be seen as a dovish or indicating a rate hike. Some saw them as neutral or even hawkish. The fed said most of the minutes of the board judged the minutes. However, they said the conditions for the first hik