what do we expect to hear? that is right.ut after the japanese market closes. as you say, expectations are that switch will take nintendo from strength to strength. it launched in march and immediately nintendo sold about 2.7 million units. we should compare that to its rivals, xbox, which sold about 3 billion units. —— 2.7 billion units. nintendo is essentially saying it hopes to send out 10 million india to come. the company did not expect that they would have promised meeting demand, but switch production was lower than what the company, based on kyoto, plant. there were reports of people lining up to buy switch consoles, suggesting that demand for the game remains strong. but do not expect new announcements about smart phone games from nintendo or any of those products at their media briefing, which they said they will not be doing for these first quarter numbers. sharanjit leyl in singapore, they give that analysis. —— thank you for that. volkswagen is set to hold an emergency supervisory board meeting later today regard

low clouds and 55 expected at the cost for the evening hours. and mid-60s expected inland.re. temperatures going to change very little as we get through wednesday and thursday. friday, we do have a warm-up. but it is a minor one. low to mid-60s at the coast. mid to upper 70s around the bay. low 90s inland. do you like this kind of weather, mike? >> i like it a little hotter. i understand the fire danger especially on the fourth of july. i think this is fantastic. i wish it was clear for the big fireworks show over the san francisco bay. it will still go on. just a little cool. >> thanks. >> sure. >> she is a popular name in the entertainment industry. the scare that took maria menounos away from her duties at e! entertainment. change sleep as we know it. it senses your every move and automatically adjusts on both sides to keep you comfortable. and snoring... does your bed do that? right now save on sleep number 360 smart beds™. plus, it's the lowest prices of the season with savings of $500 on our most popular p5 bed. ends sunday. hansome scrambled eggs andt i pancakes. for

no one is expecting draghi to stay.t will be an exercise in saying as little as humanly possible about the subject of qe and electives from it. what constitutes a surprise today? mark: the euro exchange rate and withund yields will end up a closed yesterday. it will be a good result for mr. draghi. in reality, there will be quite a lot of positions going into the meeting and we would like to see some volatility as he is speaking. he has a thin line to tread. already he has said something which suggests they are making a small move toward the exit. he has not backtracked on that so far, he has had plenty of time to do so and he has not backtracked so that probably means he wants the message to go ,cross to people in the market that the ecb is very slowly moving in that direction. amehow, he has got to prevent taper tantrum. he does not want a repeat to happen -- of what happened in the u.s. where the bond market got out of control. he will have to use his language carefully to let the message be clear that we are giving

>> i don't really think so. >> they say that they do not expect fireworks shows to stop nor they expectedt they say that if you are setting them off near home, get to know your neighbors. one of them could be your neighbor living your -- the war from living room. animal advocates want to remind pet owners about the impact fireworks we have a man. said that the other excited to loud sounds and bright lights can scare some pets. workers say that for them, this is the worst holiday. they've hundreds of thousands of dogs and cats frightened enough to run away from home tonight. >>> if you're planning on selling the fourth of july with alcohol, law enforcement is a maximum enforcement this holiday weekend. help you get around without tricky and driving, aaa is offering it service. drive will take you and your vehicle up to 10 miles to get to home. they will not drop you off anywhere the search strings. you do not need to be a aaa member to use a service. >>> more fallout in sacramento over decision to put out legislation the participant really four hours. the left that anyone being arrested. l

than expected? the rhetoric was reasonably sharp. china also warned the united states not to bring in geopolitics to this because any sanctions would torpedo talks, maybe a direct reference to the steel sanctions the president has threatened. the hope was that could agree to continue meeting, create an action plan for a one year of negotiations to follow their 108 negotiations that came out of the mar-a-lago meetings. we don't know if they got that far. neither side talking yet. ♪ anchor: deutsche bank ceo telling employees to prepare for in a videotaped message, saying there is an offer a lot of detail to be ironed out and agreed depending on what the rules and regulations turn out to be. basically what we are seeing is the big banks are now making decisions, assuming they will britain going into the eu. they are deciding they will have to have parts of their training businesses in the eu to be successful after brexit. they are preparing for a hard , and moving ao large portion of the trading busin

into the evening, 70 degrees expected around 6:00.you're out and about for the day we have good weather coming your way with 80 in novato, 81 in santa rosa, lake county area has been in the low 90s and will continue with 90 expected for clearlake this afternoon. 73 in san leandro, mid 80s for danville, upper 80s in antioch, 80 for san jose and 85 in morgan hill with senate is nearing 70 with partly cloudy skies expected. on long the pretend calendula -- along the peninsula, 60s expected, and in san francisco cool and cloudy, pacifica and half moon bay, daly city all in the los asked the today -- low 60s today. upper 40s to start the morning at lake tahoe, low 80s for the afternoon with great weather for the tahoe area out to go hiking or camping. your extended forecast showing temperatures cooling off into tuesday. not a lot of change is expected on wednesday or thursday. into the bay area weekend which is still a few days out, let's talk about that modest and warm trend coming our way but still low 90s in the forecast. >> not too bad

it is not expected this week.di: we are looking ahead to that and implications for the political capital ride the president is trying to push. ross krasny in washington. from the fedected this week, but investors are pouring over that statement for the next hike and the balance sheet. , differenters sections of the market. this is bloomberg. ♪ ♪ ,aidi: five haidi lun in sydney you are watching daybreak australia. the energy minister of nigeria could join the oil cuts agreed to buy opec but only once they stabilize. most companies -- countries were exempt last year. their participation will be central to talks on monday. bilateral deliberation is in full swing. the secretary-general of the market just stepped out of his car. he is confident and optimistic it is working out. what he has described a level of compliance that is excellent. monday morning, things kicked off with the monitoring committee. that consists of algeria, kuwait and venezuela on one friend, and then you have russia and oman. front, and then you

what is the expectations?n to the the numbers as always on the launch of the iphone 8, and there are not many rivals. let's go into the video if we can. netflix and facebook have been surging. we look at the bank stocks on the numbers they delivered, you have to crash them because google have been floundering -- google and amazon have been floundering. how they say they are doing were approaching iphones will or iphone 8, very important. going into the earnings, apple has reported they will expand in australia. they are looking at investments in solar and wind energy, the project there. that is interesting. we don't know if they will be bringing that up as well. and we will be getting the latest statistics from other data. how will that affect the market? .u: that will be a big number expansion is expected, 180,000 jobs. the jobless rate could be at a 16 year low, then in terms of other numbers, we have income that will be out. we have manufacturing. this will tell us how the industry is turning. in terms of o

expected, than previously expected, loosening bias from the rbi?f there will be loosening, print, listening 70%, so more% to likely to cut in august, but the bigger and more and port and is it will be a case of one cut and then they are done and will probably hold policy for a long time into 2018 before the next hike comes through. putting aside headline inflation, core inflation is steady around 4%, and we anticipate it will remain there and pick up in the second half of the year. headline inflation will pick up distinctly, so this is why the rbi has room to cut, but it is a very narrow window. if they take afford looking stance, and it is a necessity to cut. haidi: how impressed are you by prime minister modi? there is that concern that some of the more difficult structural reforms and changes won't get done because they are politically unpopular or not viable? >> on certain fronts, he has done well. he has handled de-monetization beyond the expectations of markets. markets took quite a him view of it. the gst is a major coup, including a lot of

what do you expect from them today?nd relative to those hawkish comments from mario draghi in portugal a few weeks back. >> divergence is a big theme for the japanese company the more the fed and ecb tighten policy, the bigger the grab with japan because japan caps yields at zero. that will put further pressure on the yen it helps japan the more europe and the u.s. tighten what to expect from mario draghi i don't have particular ensight. but i think the weakness of inflation in japan, in the u.s., globally has to give them cause for concern about moving aggressively towards tightening. it's a global phenomenon this weakness in inflation. >> robin, thank you very much for joining us robin harding, financi inghardi. >>> still ahead, one tech giant worn out from wearables. first, here is today's national weather forecast from bill karins >>> good thursday morning to you. the heat is the story. we're at the peak of the heat wave st. louis, omaha, kansas city, wichita and even philadelphia under heat warnings. heat advisorie

the fed expected to announce its rate decision wednesday, expected to stand pat.anet yellen caught in a bind with inflation muted in the job market robust, and as a result, expected to make no change wednesday with investors and economists parsing this statement. investors looking for clues on how officials plan to proceed in reducing their massive balance sheet. trump,dlines regarding more details later on that, but, asked to testify at a senate hearing. the investigation into potential ties between the trump presidential election campaign and russia heating up in a big way. the headlines surrounding that expected to dominate trading. it is hard to ignore the headlines and the tweets that come out on these issues. you obviously get the headlines on the political front, but in terms of the earnings front, it has been quite positive, so give us a quick recap of last week and what is ahead. beene earnings have driving record levels, especially the s&p. 6164 shows the equity market prices have not: up in a vacuum. fundamentals have played an optimistic role. 12212 mo

i never expected anything would be —— never expected anything would be —— never expected anything wouldobody imagined that ten years ago. attic is going to take place. so we are seeing the impossible becoming possible. you have introduced in which is the official office language. how has it been? do you think you made the right choice? definitely. already, 80% of new engineers and scientists we hire a non—japanese. 60% of existing engineering and scientists a non—japanese. many of them do not speak japanese at all. non—japanese. many of them do not speakjapanese at all. i think it is very difficult, if you want to compete against global companies, to be just japanese. that was mariko 0i speaking to the ceo of ra kuten. that was mariko 0i speaking to the ceo of rakuten. now, au and is tempered two —— now, tuktuks and tu ktu ks ca n tempered two —— now, tuktuks and tu ktu ks can be tempered two —— now, tuktuks and tuktuks can be found all of india, but now they are being found more in africa. an indian manufacturer is building assembly plants across the continent. we spoke to managers at

protests with as many as one hundred activists expected to turn their promising to disrupt the summit. to help. also this hour the u.s. threatens military force against a defiant north korea. missile test. c.n.n. threat to reveal the creator of the viral trump arrest. the internet community real against. your chiming in from our right to run the world welcome to. my names you know neil if your company or top story world leaders have started to arrive in homburg ahead of the g twenty summit which is begin to start tomorrow friday let's go live now to who is there for us keeping an eye on all things economic political and otherwise hialeah all eyes are uncertain figures though aren't even though there's so much to the scales. here and again well the. g twenty venue that you can see right behind my shoulder is still quite well the. today the center of attention is the airport where the arrivals of the leaders are happening one after another if only we had a leader's arrival board that would look quite impressive imagine for example. donald trump's claim has just landed in fact that is ab

here is a view of what you can expect. fog is expected to stick around at the coast. for the rest of us, partly cloudy, clear afternoon. temperatures in the afternoon will be mild. at 7 am, 50s at the coast and low 60s inland. by noon, upper 50s. pacifica and half moon bay, 60s around the bay. inland, upper 70s and warmer spots like antioch and brentwood. at 4 pm, cloudy skies. low 60s at the coastline, mid- to upper- 80s for the hotter spots. it will be warm but not too bad. his a view of your neighborhood starting in the inner east bay. temperatures will come down slightly from yesterday. 83, concord. in north bay, gorgeous. 80 in napa. around the bay, 70s. 79 in redwood city. in san francisco, 65. at the coast, bring the layers in the hoodie, it will be cool and cloudy and breezy. 80 degrees expected in san jose. into the evening hours, we expect the fog to move back in. that will be in time to impact our fireworks. if you're going to be in san francisco on the berkeley marina as well. i will have that forecast and the extended forecast coming up. >>> official four

so, manager expectations. >> haidi: yes.ers bracing for what is a fairly pedestrian event on wednesday, but this being the year of the great unwind of the balance sheet, we are looking more carefully at treasuries refunding announcement. this is a big buyer of u.s. lawns getting ready to buy less. to our global economics and policy editor kathleen hays in new york to connect the dots. what could you be talking about? >> it is a big buyer called the federal reserve. the fed has a $4.5 trillion balance sheet and it is getting ready to not continue to all ofesting those securities back into its portfolio. it will let some of them run off. meanwhile, every quarter has a refunding, and let me remind you what that is. once a quarter, it refunds of securities to keep debt at a certain level. maturing.lways it just has to issue more to replace them. is reportedly refunding three-year, 10 year, and 30 year bonds. short, longer, and very long end of the curve. what is happening? highere losing a big because the fed has made it clear i

after the bell, giliad sciences top expectations. the company had warned earlier this year, sales of the high priced drugs would fall, because fewer people were eligible for treatment as well as more competition from rival drug makers. giliad shares initially rose following that news. >> etf's have become very popular with investors. 15 years ago today, the first bond etf was offered. how far have they come and how far will they still go? >> a new division of bonds called i shares, they called it an exchange traded fund. even though only 4 funds were launched that day, it changed the way bonds are traded. the assets oefrn $700 billion, and most of it in the united states. that's a success by any measure. and the business is only going to get bigger. you keep more of what you earn. despite complaints that the etf business has grown too fast. they're really a small part of the u.s. equity and bond business. it's only 1% of the whole bond market and 8% of the whole market. it could get to 50% of the u.s. stock market, that could take ma

we try to include expectations of market only when we see that these expectations are different from our expectations. >> and it's a big day it for data state side. latest cpi and also retail sales. both have popped in to positive territory after the month of negative figures in may. >>> and earnings seen is kicking off in the u.s. as a number of s&p 500 firms get set to report numbers. investors are anticipating a 10 gain in second a quarter results. bob pisani has a closer look >> reporter: dow hitting a record high and the s&p just a stone's throw away from one. financials rose early on when janet yellen mentioned that she was open to easing regulatory burdens on on the banks. they also got a boost on bond yields crude oil prices closed up on reports that i'll demand is picking up even in the face of more proufrkductionproduction. and yellen said that achieving president trump's ghchdp growth goal would be very challenging, her words. and it would appear that the congressional budget office agrees cbo estimates gdp would grow at a rate of 1.9% under trump's budget proposals the cb

frequent lightning expected through. frequent lightning expected through this evening.ight. within the m25, 1819dc. a bit of cloud around tomorrow. the chance of a shower, but still feeling warm, especially overnight. and things getting a little bit cooler as we had further through the week. there is more on the donations given to survivors and relatives of those who died at grenfell on bbc radio london, with vanessa feltz. she will be finding out why only a small amount has got through to the people it was donated for. hello, this is breakfast with louise minchin and dan walker. we'll bring you all the latest news and sport in a moment, but also on breakfast this morning. commentator: british tennis history has been made. it has been 39 years. she's the first british woman to reach a wimbledon semi—final since virginia wade in 1978. the new world numberfour, johanna konta, will be here after eight. how do you balance childcare with work during the school holidays? in an hour, we'll be asking whether it's ever 0k to leave children home alone? and take a look at this — i

we're expecting a very nice day on the 2nd day of july. i think it will make a perfect setup for any plans for people that are visiting the beach. a look ahead at your day planner and, of course, fourth of july in the next seven days coming up in a bit. >> fantastic. vianey, thank you. >>> a hit-and-run crash in concord takes the lives of two young boys this holiday weekend and leaves their mother and baby brother badly hurt. the driver suspect ed of fleein the scene is now in an oakland hospital. 35-year-old wilson is in stable condition. investigators say he's a suspect in friday night's fatal crash. this is the mangled infinity suv. california highway patrol officers believe wilson was behind the wheel. they say his car veered off a highway exit ramp and collided with a dodge durango. two he boys, ages 10 and 5, both died after being thrown from the durango. their mother and 3-month-old baby brother were rushed to local hospitals. >> i think about my own family or somebody else out there that could have lost a 4-year-old, 5-year-old son

expecting warmer temps today. we will be getting into the 70s and 80s but i'll have a look at when you can see closer digits. mike, how's are the roads. >>> pretty much green all over the bay but i'm watching over here out of the north bay and fairfield westbound 80 approaching that split with 680 a crash overnight, a tanker truck went off the roadway and there's a little spill but apparently it had some soap in the back it's cargo that's what's leaking out into the roadway. a distraction that's why there's a little slowing in that area. southbound 68 toward 24 should pick up any second toward walnut creek. back to you. >>> thank you very much, mike. back to breaking news recovering in the south bay this morning. this is a live look as police investigate a stabbing in the willow glen area of san jose. a large police presence there. kris sanchez is there as well talking with investigators. she reports that the victim is a man who was stabbed 13 times but will likely survive. police tell chris they're looking for th

gdp was better than expected. we were expecting 6.8%.o, factories are pumping out goods at a faster clip. industrial production at 7.6%, more than a full percentage point more than the previous month. and a full percentage point more than the estimate. we have retail sales much better than expected. 11%. we were expecting 10.6%. also fixed asset urban investment, just inching above the estimates. this economy even though the authorities are trying to curb excessive debt and over leveraging, they are seeing still strong production and strong growth over all. >> i think all numbers suggest the economy has stabilized, led by strong fiscal policy. the heightened monetary policy conditions have not affected the real economy much. vonnie: disappointing quarterly results from the central bank of america. fixed income trading fell 40%, making it the worst first half in that area of lloyd blankfein's term. meanwhile, think of america's the clients are failing to deliver on unexpected boom following the fed rate hike. >> overall trading coming in

the veto had not been widely expected.ave beenolls critical or unhappy with the direction things had been taken under this very right-wing law and justice party. breathing a sigh of relief that he ended up vetoing them. what the bills would have done and the reason they're are being denounced as basically a dismantling of the rule flaw. a big rollback on an independent judiciary in poland. forcedst one would have the resignation of all of the country's supreme court justices. replacement selected by the government justice minister. there are more than 80 supreme court justices. this would have been a pretty drastic step. the other one would have restructured a council that oversees a selection of candidates for judicial posts. in that case it would have given government nominees essentially effective veto power over who gets appointed as judges. it would have been putting a lot more of the court system makeup under the direct control of this right-wing law and justice party. by bill was actually signed the president and th

the strongest is dollar slumped against most major peers, slower than expected gains damped expectationsor an interest rate increase by the central bank. reserve bank of a story at chief philip lowe reiterated that his global counterparts move to withdraw stimulus has no automatic implications for the central banks on policies. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. you can find more stories on the bloomberg at top . manus. manus: thank you. it is decision day for the federal reserve. no one expects the fomc to move on rates, investors will be looking out for clues on how it will shrink the balance sheet and the timing of the next rate hike. let's get to mark. if theyaiting to see shift the dial at all on the balance sheet reduction. the probability of a rate hike seems to be getting a little bit further into the long graph if you talk to the guests we have had through the door. numbers are not stacking up. mark: the inflation data is not there but inflation get a has not been there for a while. i do not think that i

(dave)seasonable weather conditions are expected through the week ahead. expect night and morning low clouds along the coast and in the valleys which will give way to mostly sunny conditions inland during the afternoon hours. modest warming is expect today, followed by slight cooling by independence day. but for the most part temperatures will be near to slightly below normal. ( marty ) a community in concord is in mourning after a 10-year-old boy and his five-year-old brother were killed in a hit- and-run crash on highway four. the c-h-p detained a man at highland hospital who they believe is the driver involved in the horrific crash. we first broke this story yesterday on kron four news weekend. kron four's philippe djegal has the story. blindsided by a wild and wreckless driver... a san pablo family decimated just before eleven o'clock friday night.officer brandon correia/chp- "a 1

shares rising on better than expected results julia boorstin has more.morning to you. >> with over 2 billion active monthly users, facebook surprise the with user and advertising numbers. revenue grew 45% to 9.32 billion, with earnings growing 69% to $1.32 per share that was 19 cents higher than analysts expected. i spoke to cheryl sand derg abo sandberg about what drove those results. she pointed to instagram and is pleased can the success. >> people are using our processes to connect and provide community on mobile phones we also have 15 million businesses using business profiles on instagram. that joins our 0 million business pages on facebook those are places where people are connecting with each other but also businesses are connecting with the consumer >>> on the earnings call last night, mark zuckerberg reported on what will eventually drive the next leg of growth >> we're also working to build a business ecosystem around messenger and watts uhatsapp. both have large communities and are growing quickly with 1 billion people using whatsapp daily. i

we don't expect rate hikes until 2019.k: he is staying with us from deutsche bank to up next, political events. we will walk through the hazards ahead next. this is bloomberg. ♪ mark: let's get to the market action. inequitiesal value has inflicted on the session. we saw some gains on the stoxx 600. we are down .2%. we did see them outperforming defenses. most of these groups are heading lower. the oil price has turned lower. we've got materials outperforming. there is a lot of red on the equity groups. we haven't seen a rare amount of risk. dollar,u look at the it's the most bearish on the dollar since 2015. we are seeing the dollar gained against most currencies. it has gained against the yen for the third day. we are tracking what is happening with the 10 year treasury yield as well. we are looking ahead to janet yellen speaking this week. the 10 year treasury yield is moving higher. we have seen these steepening. this is my favorite chart of the day, showing it markets bracing for a treasury curve. it you can see the t

to hear probably will expect some kind of. parallel to the tough talk in public and press conferences perhaps in the joint communique and probably will be looking into further they will be looking for joint points joint blog fighting ferrers like throwing to deal with the climate change like flying to deal with the three again although we have seen the difference between angela merkel the german chancellor and between trump on. protectionism for example saw the might try to find some kind of joint point because this is the again the first meeting there present with and been the by them for a long time and i think it's probably be unwise to emphasize differences so i expect even if it's true we communicate we would be surprised to find a point of. interest in the community at the very least a positive veneer i don't always thank you very much that was. journalist and commentator thank you. been used to people have reportedly been killed at least nine others injured in a suicide blast in the syrian city of hama syrian media say

facebook is again beating analysts' expectations. they just again beating analysts' expectations.reported a 71%jump in expectations. theyjust reported a 71% jump in profit expectations. theyjust reported a 71%jump in profit in the expectations. theyjust reported a 71% jump in profit in the second quarter. facebook‘s revenue rose more than 44%, to $9.32 billion. their push into video ads helped boost growth in their advertising business and worldwide the social media giant has 2 billion monthly active users. that is about one quarter of the world's ovulation. 0ne quarter of the world's ovulation. one in three facebook users fall into the age group of between 25 and 34, into the age group of between 25 and 3a, an advertising is the key driver of facebook‘s earnings, amounting to 9796 of facebook‘s earnings, amounting to 97% of total revenue last year. i asked our correspondent what she thought of the numbers. asked our correspondent what she thought of the numberslj asked our correspondent what she thought of the numbers. i think that facebook is one of the most amazing companies on

expected to last 3-4 weeks.2.6% injune, helped by lower fuel prices. slowed unexpectedly to 2.6% injune, helped by lowerfuel prices. the cabinet has met with theresa may, telling conservative ministers to end the backbiting and carping. and the chief inspector of prisons has warned that youth custody centres in england and wales also save a tragedy is inevitable. —— are so u nsafe tragedy is inevitable. —— are so unsafe tragedy is inevitable. as we've been hearing falling petrol prices was the main driver behind the unexpected fall in inflation today. it is the first fall in the rate since october of last year. however, inflation is still running ahead of average wage inflation, which currently stands at 2%. the uk inflation rate has risen sharply since the referendum on membership of the european union lastjune, partly due to an increase in the cost of imported goods following the fall in the value of the pound. more in a moment. advertisements that show men failing at simple household tasks and women left to c

we expecting that in under half an hour host. we expecting that in under halfan hourand host.hour and we may start getting details about any substantial agreements between countries if any. needless to say when that happens, we will keep you right up to date. london fire brigade says it's changed the number and type of fire engines it routinely deploys to tower block fires. it follows an investigation by the bbc‘s newsnight that found that no high ladder engine was sent in the first wave of vehicles that went to the 6renfell tower fire which has so far claimed 80 lives. the fire brigades union says the extra height provided by such an engine would have helped fight the fire more effectively and may have saved lives. mark lobel reports. braving the flames just before 1am. fire services were on the scene in minutes from being called but firefighters said that they lacked equipment and sufficient water pressure when tackling what became an inferno at 6renfell tower. it took more than 30 minutes for a high ladder to arrive at the 67—metre high blog according to a bbc newsnight inv

hike tomorrow most expect the balance sheet reduction in september expecting less, less fiscal policyss monetary policy and not expecting a lot from stocks. forecast after yesterday's close. just a percentage for the rest of the year and 5.4% by the end of 2018. not a lot of optimism for stocks in fact, there's some concern that the market is over valued and you can see that we are expecting a little bit more growth from 2016 where growth was 1.6% there it is. 2017 2.5%, 2018 year over year look at how it's come down after post election. you can see in the next screen here in november 2017 it was 2.2. then you get the election and all this optimism and that's kind of come down as fiscal policy has been kind of priced out of this market and what you see is that most of our respondents think the market is too optimistic about fiscal policy when it comes to the outlook, 50% say the market is too optimistic about fiscal policy from the trump agenda 36% say they're realistic. and some people are really concerned, including mark zandy of moody's nanalytics saying asset markets are very high

she is expected to be okay.ice are still looking for the attackers. ( darya ) hundreds of students are forced to evacuate overnight after a bomb threat at u-c-l-a. the threat came in around 10:00 last night. dozens of residence halls and the recreation center were evacuated. this is video of the students gathering at a stadium. after several hours, police said the residence halls were safe and students were allowed to return home. ( mark ) new developments are emerging this morning in an investigation involving a military plane crash that killed 16-marines. one person could be facing charges for taking some of the crash debris. witnesses say the plane spiraled out of control crashing into a soybean field in mississippi on monday. the investigation into what went wrong ( mark ) the personal information of six- million verizon customers has been leaked online. but verizon says the only person who had access to the inforation was the researcher who found the leak. the cyber-security company 'upguard' discovered the

we have been expecting the launch date this week with xi jinping in town, but it was not expected toady been tepid in the early going. these are just the beginning steps for this. the backdrop is the more interesting thing. as a gift to hong kong at a time when there is a lot of discontent. wealthng has the widest gap in the region with soaring property prices and young people not feeling they are on this gravy train -- they did did not talkedt term, but they about the wealth effect come and they don't feel they are part of it. xi jinping did talk about the need to build political consensus and get the hong kong people on board with this mainland landlord story come if you will. they are the boss. angie: let's see if there is market consensus. it looks muted. the connect has been live for an hour and a half. our global markets editor him a oh is joining us from beijing. how are investors reacting. emma o'brien joins us from beijing. how are investors reacting? >> people did not know it was going to happen until sunday, and it will take time for foreign investors to get used to the fo

upper 80s expected.have a look at your afternoon highs for today as we move around the bay area. and the futurecast model and the fogged for tonight -- that's coming up. >>> the fourth of july weather is one of the big questions about the biggest fireworks show. >> even thick fog will not put a stop to the big celebration in san francisco. it happens every year along the waterfront on independence day. rob malcolm joining us live from san francisco and he is telling us the team that puts on the firework show, they take the weather into consideration when planning this. >> reporter: good morning. everyone is talking about the fog but fog or no fog, organizers say this show will go on. we're at aquatic park, one of the many viewing areas for the firework show tonight as well as pier 39 just beyond where we are standing. pyrotechnic crews have been busy working on two barges. they have been a wiring explosives that will be synchronized to music to create that fourth of july fireworks show spectacular. each

i do not expect them to do it in july.e will in september, but continue to send the message that it is quite likely we see another rate hike later this year. ofwe just heard that the era central bank stimulus is over. are we there yet? why do you think we see this coordinated response to reflation? what was your take on all that? reactionght the market was a little exaggerated. >> and after as well, right? >> but this was not a coordinated reaction by central banks. there is a synchronized global recovery and financial conditions are easy, so it makes sense to take the foot a little off the accelerator. i think markets overdid it in the reaction and the selloff was the nuancedven changes in their statements, but what it does illustrate is that markets are still addicted to liquidity, and as soon as there is a hint central banks will retreat, markets to nervous, and this is the biggest risk markets are facing. if central banks proceed, but only move cautiously, i think there is a risk of more of people in the bond markets.

everyone expecting some kind of backlash from new zealand. what are you expecting from them.rting from that defeat in wellington. i'm expecting a backlash. very good side. the sonny bill williams incident last week, but they were still the better side for the majority of the game. great win for the lions,, for the majority of the game. great win forthe lions,, but for the majority of the game. great win for the lions,, but going to be tough to. eden park, the all blacks are not used to losing. they will not want to do that too. makes for a massive game. still hoping the lions can do the business. in a word, can they do it? yes, definitely, they have to go for it. if the lions can do it, they would make is to become a first series win in new zealand since 1971. thank you, the big sporting weekend starts first thing tomorrow morning. that is all from sportsdsy. thank you forjoining us. coming up injust a moment the papers. welcome to the look ahead at the papers from what they will be bringing us tomorrow. martyn pennington home affairs editor the evening standard, josey cox, e

so that's something perhaps you didn't expect to hear from the german chancellor and also just recently she replaced the word friend to partners when addressing the relations with the us describing that in her election program of course we know that elections in germany are coming up very soon so it looks like there could be a change in attitude when it comes to how germany treats its relations with the u.s. . ok . thank you. so that was a bit of an awkward moment for you here as well now when it comes to more highlights of this g. twenty event and how burke of course will be looking at turkey and mr carried on in the build up to the g twenty summit there have been many issues considering the charges that are taken part apparently they couldn't find a place for him to address the audience besides this there's of course issue with the security guards that's been an issue in the u.s. that's been an issue in europe it has come to light again. g. twenty summit as well and also the biggest news of today when it comes to turkey is the resolution by the european parliament calling for turkey's

she is expected to be okay.still looking for the attackers. ( mark ) hundreds of students are forced to evacuate overnight after a bomb threat at u-c-l-a. the threat came in around 10:00 last night. dozens of residence halls and the recreation center were evacuated. this is video of the students gathering at a stadium. after several hours, police said the residence halls were safe and students were allowed to return home. ( darya ) our smart phones keep us connected... but only if they have power.( mark ) kron 4's tech reporter gabe slate shows us a few hidden settings that could improve your phone's battery life. first let's address this myth. do you ever double tap your home button and start swiping up. force closing all the apps that you have opened in the past sitting back there on standby ??i have done this 10 times a day for years but not anymore. that does nothing for your battery when doing that you are not closing apps that are running in the background.. those apps are suspended and not using any juice

meeting in mar-a-lago. >>> european equities, industrial production beat expectations better than expected labor market numbers out of the uk uk unemployment rate following to a low we did see notable move in the pound against the u.s. dollar. >> the dollar was stronger yesterday, but weaker against the yen -- sorry, weaker by 0.3%, but stronger against the yen yesterday and now turning around against the yen as you can see, slipping about half a% today against the japanese current city and elsewhere, be a little bit of a jump in the british pound >>> let's turn to today's agenda janet yellen headed to capitol hill this morning to testify before the house financial services committee on the state of the economy we'll also gets fed's latest read on the economy when the central bank releases its monthly beige book report at 2:00 p.m >> amazon shares at the moment up about a quarter of 1% as the code wraps up prime day. let's bring in the ceo of j rogers worldwide enterprises and cnbc contributor first and foremost, is this a stock moving moment for amazon prime or just a oneoff benefit to th

the warmer locations incompetenter east bay, 88 expected in antioch -- inner east bay, 88 expected inioch. along the peninsula, low clouds this morning. sfo reporting delays for some arriving flights. something to be aware of if you know someone flying in. 65 in san francisco for today. low to mid-60s at the coast with partly cloudy skies expected for you here. the giants playing this evening. it will be cool and breezy with partly cloudy skies. sunset about 8:25. at game time, 61 degrees. the west wind about 25 miles per hour. so bring the extra layers, maybe even a jacket. it will be brisk out there. the extended forecast, temperatures begin to rebound as early as tomorrow. but it will be a subtle one. as we get into thursday and friday, more notable warm-up for the inland cities. around the bay, upper to 70s to near 80 degrees. low 60s at the coast in areas like pacifica. closer to santa cruz and monterey, low 70s. the inland communities will be hot once again. mid-90s to upper 90s in the forecast. not quite as hot as last weekend. but 95 is toasty enough. >> yeah, it is. thank you

-- is to be expected.el: there's a fine line between collaboration and collusion. i don't think we are going to hear too much from invested -- from the companies today. we have a journalist compass call this morning. -- journalist conference call this morning. manus: let's talk about the risk. this is a quick chart. these are the dividends. bmw, renault, porsche. the 2015 dividend was slashed from 4.8. we don't know. we don't know how big these issues might be for the automakers. out moreuntil we find from the authority, there are potential fines that can be levied against the car companies . we saw this with the truck makers that were fined 2.9 billion euros in that included daimler. -- and that included daimler. given that there are other risks within the auto industry at the moment which means the sectors underperforming, if dividends were cut -- manus: dime a standout with more than 5% on a flat 2016 dividend. that is a heck of a dividend echo michael: -- heck of a dividend? michael: given that the mar

i think it's relative to expectations. europe is outperforming expectations. pay close attention in that regard to expectations on these economic surprise indexes. these have come way down. we had a flurry of surprises near year end and in the first quarter. second quarter, relative to expectations, was a little bit disappointing. so you sort of mark down the frequency of these economic surprises and lowered expectations. that's a good thing, i think, if you're invested in a more cyclical part of the market. there's a little bit lower hurdle over what's to jump in the second half of the year. so that's why we'd favor cyclical areas over defensives like the consumer staples, which are ridiculously expensive. and the same is true of utilities. so more beta in the portfolio, which again, that's sort of nonconventional for a late cycle bull market. but that's where we see the values and the leadership right now. >> thanks to doug ramsey there very much for joining us. all the way from minneapolis. >> let's check in on the news. >> russia's demanding that the u.s.

cool in pacifica with 62 expected, 65 in san francisco.e will take a look at your extended forecast and the minor warm up coming up. >>> back to the breaking news with that deadly crash in richmond that is closed westbound interstate 80 at el portal drive . we are learning more about those involved in the crash.>> reporter: we have updated information for you. all of the westbound lanes of interstate 80 are shut down with traffic being diverted off of el portal drive right now. we know this accident happened just after 4 am. the accident began when one car hit the center divide and that car was disabled blocking one lane. a second vehicle crashed into the disabled vehicle, and chp confirmed one person is dead. there is a possibility that the driver of the first disabled vehicle was outside of his vehicle when he was killed, and that is still under investigation. two people in the second car were taken to the hospital but chp said they are expected to survive, and the investigation will take them quite a distance because they need to cover

what can we expect?licy meeting and the boj-ish is a monetary policy report to give us their view of the economy and inflation. even though no policy change is expected, will they take a look at that 2% inflation target team met by april 2018 and the change it and push it further out into the future? see why peopleou are asking that question. the 2% target is the green line. anywherehe measures is close to 2% and not rising rapidly. the boj is fighting inflation expect haitians. japan went through 20 years of deflation, had little inflation, what you going to see now? inflation breakeven, that line the bottom is inflation breakeven, a market measure of where inflation is expected to go. the u.k., the u.s., europe, and the boj is in the basement. the last time i was in tokyo, i spoke with economists, many japanese households like having very low inflation. that is another thing the boj is fighting. rishaad: boj also battling economists expectations because they are not exactly let's say optimistic about w

san jose is expected of a high of 93 today. we are expecting triple digits today. concord of 100 degrees. keep in mind of a; [no carrierr0 car. the fire is north of the 100 acres fire near alum rock park. >>> firefighters were quick to knock out a fire near pittsburgh. the fire started 10:40 last night and under control in an hour. there is still to word on what caused the fire. >>> a follow up for the search of the 5-year-old. michaela brooker was seen at 5:00 in the afternoon. her mother is homeless and did not have visitation rights. police announced at noon yesterday, the girl and her mother were found in pittsburgh. officers got a tip that a family member lived there. >> they got a car from anonymous, hey, you are in the right area and go back. they saw mom and daughter in front of a laundromat. >> the girl and father are both found safe. >>> new this morning, the coast guards say two men and a young boy fell in the water after their 12 foot boat capsized south of the dumbarton bridge. all were wearing a life vest. the crew were able to pull the group to safet

if we want to down the expectation of u.s.asury yields trending significantly higher and if we are stuck in 2.2 or 2.5 for the rest of this year, that again is not a positive for the banking sector when businesses are prompted to take profits. we have had a good run. this is from the big for u.s. banks. some people suggest the banking sector needs progress. on those issues you rightly mentioned. guest: first point is, the banking sector in the states looks cheap relative to other sectors, most notably the tech and health care sectors. are theth care sectors most crowded positions domestically in the united states. having said that, american banking sector looks expensive relative to the european banking sector. they take profits from u.s. price outperformance has been significant over the last year and moved back into european banks that are looking cheap. if you look at the european economic recovery, that's supportive to european banks. we would like to talk about more volatility in markets. what brings volatility back? is t

a little weaker than expected. growth up 8% that's a good number and the old number you used to look at was return on equity that's just the amount of income return as a percentage of shareholder equity that's 12% it was 10% last year that is one of the traditionally most important metrics how much am i really getting back and that number hasn't been improving. why is the stock trading to the down side right now? they tend to underperform, particularly jpmorgan which is the market leader. we asked our friends at kensho for verive kag iification of th. one month before, the kbe, the bank etf everybody trades, tends to be up about 1%. does fairly well overall the day of, it's down. there's the spider, the kbe. it's typically flat to slightly down and one month after, it's up flat up to flat. very, very little. so basically you get the performance going into the earnings report and then it tends to be very, very flat going into it for the next few weeks. this is not an unusual pattern we're seeing even on the day of h

i expect that will make feelings known.when it has risen, they have hedged bets because commodity prices have gone up and the economy has looked a bit better. and you start to approach, it is significant and they are relying on tourism and education and all of these service exports to tide the economy over after the mining boom. you put out the currency on that, it makes evident much harder. i expect weezer later in the week from policymakers. guy: michael, great to hear from you. michael heath joining us out of sydney on a big move in the currency following the rba. , a look at the moves in today's trading. novartis one to watch out for. a drop in second-quarter profits, less than analysts expected. also, good news on alcon, which is great to hear. we need to watch ericsson, as well. that could be a massive mover in today's trading. the market open is eight minutes away. stocks to watch next. this is bloomberg. ♪ ♪ as we approach the market open, let's talk about stocks on the radar screen this morning. of our kiss, we wer

i expect it to continue. that's been a big part of it. >> how much of this are they stealing from airbus or is this the overall commercial business lifting all boats? >> it ebbs and flows i would argue it's the commercial market and don't forget defense as well but commercial market lifting all boats. airbus maybe a little bit more pressure on the larger planes like the 8380 which they went through a few years ago but ver it's rising tide is lifting all boats now. it was up 8.3. we can advise that. >> it's been a phenomenal run for the stock. one of the best performing stocks in the dow. a lot of it is reflecting the strong cash flow this quarter and near term outlook. i see more macro risk. i see certainly geopolitical risk and take a bit of a breather rather than putting money to work. >> you mention the new services business, i'm just wondering what that looks like how competitive of a market that is what kind of revenue opportunity that is going to be for investors. >> so boeing is, when they break this o

today expect today be if the hottest day. it will come down into the bay area weekend although not quite cool and i will show you that in just a moment. let's look at storm tracker two, put 2 water vapor loop and that means it allows you to get an idea of the circulation in the atmosphere. look at the high pressure over four corners and here and you can see the upper level winds are steering that moisture around in a clockwise motion and then it pushes into california. for sierra today a slight chance at a few thunderstorms into the afternoon, for us, this is what will come into play as we get into the weekend. again, today the warmer day and temperatures drop off with the trough moving closer to the pacific northwest for your weekend. outside this hour just a little fog along the north bay shore, and mostly clear. we expect clear skies from here into the valley. i don't know if you picked up just a little of the cloud cover, doesn't look like much over the sierra: we are reaching into the mid 80s for the tahoe area into the