Temptation to pack the local parks, but that might be easier said than done this is a live look outside looking out over downtown San Francisco temperatures were higher than usual today, making parks and. Any open space is a welcome sight for those out on the memorial day weekend and the warming trend around the bay area will continue in the days ahead with some areas expected to see scorching temperatures some into the triple digits. Lot of people across San Francisco got out to enjoy the sunsoaked threeday weekend dolores park jackson park, the marina green. Also visitors who were sunbathing and picnicking out and about and then to build and in anticipation of the crowds, the city marked those white circles on the grass in some spots, its an effort to help people maintain social distancing. Kron fours dan thorn visit some of the parts cross city joins us now live with how people reacted to all of this stand. Well ken and pam is yuan mention the mayor has repeatedly said that she does
We are under 30 minutes to the close on equity trading in europe, and we are seeing some gains in european equities. A bit of by divergence between europe and the u. S. You can see broadbase base looking at the regions, the euro stoxx 50 up. Ibex is one of the better performers, up. 7. We have seen gains on the dax and cap 40 cac 40. Overall, equities are in the green. The fx space has been the story of dollar strength, bouncing back room a threeyear low. Euro down. 5. Cable unchanged. Not such a sizable move in that fixed income spaces. Of movement there. If we turn our attention to the stoxx 600 and what is happening within the Industry Groups, most are gaining on the headline level in the benchmark up. 4. Construction and industrial Good Companies leading gains and lagging are commodity producers, down. 5. Thanks also underperforming. Banks also underperforming. To the fx space, i was talking euro weakness. G10. Did well compared to the games have slowed as the rally in the yen has
Will punish the market if financial repression finally over and is that that such a bad thing . For ropping the bid actelion. A fascinating deal. We will explore that. We will take a look at where futures are trading. It looks like a weaker start for stocks. You can see that the ftse is indicated down. 3 of 1 as is. He cap cac there is a lot of earnings and equities. It will be an interesting day to see what happens at the open. Guy maybe a slight negative start. Maybe the reason is we had a solid day yesterday. Spain am a the, main European Markets trading higher. Of jewsst a little bit coming out of that trade. The dollar is weak or going into the fed. Index down by. 1 of 1 . Ons generally better. The yields coming down the little bit. We will keep an eye on that and the other thing to watch out for his oil. Giving back a bit of ground. Trading down by 1. 1 right now. Were seeing a little bit of dollar related trade going into that oil story. Maybe some of the exuberance coming out o
Perception that the fed is going to be more aggressive and stocks are going up. It is also a strange world because that perception has not change between yesterday and today. Stocks moved kind of sideways yesterday and they are rallying strongly today. Major can see, all three averages are pretty much at their highs of the day. The nasdaq has been leading the way because of strength and Technology Shares today. It is a cyclically led rally today. Though sectors most formidable to an economic recovery, so another words, if the us economy is recovering enough so the fed can raise rates, that is the perception driving stocks higher today. Making new highs gradually, just a gradual trend upward as it is up by 1. 3 . Software stocks have been doing well with and technology. Microsoft leading the way after upgrading shares to outperform at callan. Traders overreacted to the companys last trading report, but things are not going poorly at microsoft. Adobe in Electronic Arts are also on the ri
David it is all straight ahead on bloomberg best. David hello and welcome, i am david gura. This is bloomberg best, your weekly review of the most important analysis of Business News and interviews from around the world. As the week began, a proposal to merge two giant Chemical Companies took over the headlines. Shery bayer is proposing a blockbuster deal that would create the largest supply of Farm Chemicals and genetically modified seed. Bayer wants to buy monsanto for 62 billion in cash. That represents a 20 premium. It would be the biggest takeover ever by a german company. Francine if monsanto actually rejects your offer, are you ready or do you have a capacity to increase the offer . Werner we are totally convinced about the effectiveness of our offer. If you look at the fact that it is a 37 premium over and above the effective share price as of may 9. That is a strong testament as to the Value Proposition of monsanto shareholders. It is also in line with the transactions and att