As they try to put problems behind them. And the new heart drug may outweigh the benefits. Welcome to street signs, everybody. Lets look at the markets here in particular i want to show you whats going on with the da x. We have only one stock in the green. It is starting the trading week down by seventenths of 1 after a flat week last week over the past year to date period it is still up by 6 not doing too badly. It is telling about the struggles this index has been under where it is down by 1. 3 one of the reasons we could be seeing a number of these stocks down is the strength of the euro on the back the euro is at two and a half year highs against the green back thats when a number of companies go red and were seeing some Energy Related assets move lower in light of what steve was saying about Hurricane Harvey theyre taking activities off line, costs money every single day, ramping up costs money as well, and if theres damage to infrastructure, that costs even more lets look at other markets. European markets are all in the red so far this morning. Theyre all currently moving to the down side. Early morning monday trade not seeing the ftse here for the short term, one of the finest markers is europe. Residents in houston have been fleeing homes as the center of the u. S. Energy industry grapples with flooding from Hurricane HarveyNational WeatherService Warns some parts of the city may get record rainfall. Average of 40 inches of rain for houston, some areas get as much as 50. Energy markets are bracing for the storms impact, trading futures up greatest gauge of impact of harvey a sense of what we might be hearing from companies in the coming days and weeks. 300 companies in the s p 500 describe Hurricane Impact to their business in the past decade based on review of Quarterly Earnings call transcripts. Within the 2030, 22 Different Companies discussed hurricane facts. Many investors quick to point to home depot and caterpillar as benefitting, but negative impacts are broader across many sectors. Go through a few examples. Disney closed amusement parks, Insurance Companies have taken big losses on several hurricanes and Tropical Storms in the past years. Verizon spent 135 million on capital expenses after Hurricane Sandy knocked out equipment. Dupont had manufacturing outages in texas 3 m has raw material shortages because of hurricanes. Nike, pmg, American Express reference prolonged negative express of hurricane spending. Major energy firms like exxon, chevron have many facilities in the gulf region you get a sense for how broad the effects can be beyond peoples homes, jobs, and safety back to you. Is mail, head of European Investment, joins us now good to see you, sir i was looking at your notes. Lot of it seems to be you have to be patient in the markets uk trade, market trade, trade of equities versus currency youre asking for patience from people at the moment, they have great momentum, some of the trades yes, good morning in fact, the main thing for the European Market is significant decrease of the risk, versus the u. S. Dollar. We see new high for the year, bold 190, and the we have to wait peak at the end of april, beginning of may, since we are small but bear trend we have to wait. I do think if the trends are upward trend on euro continues, we can fair a Market Correction on the European Markets, despite good momentum of macro, good momentum on profits. Thats the point today and yet, and i hear you, sir, when the germans exported quite sufficiently, very well at 145, they seemed perfectly happy doing so, made a lot of money doing so were only at 119, 120 is there something structurally different from 119, 120, little harder than it would have been when we traded significantly higher on the euro dollar. It could be a little harder if it continues to rise. Again, currently expected Earnings Growth for the corporates in europe of 12 to 13 for the coming year. But if you think that if you take, the assumption that the euro can go and reach 130 against u. S. Dollar, you dont have any growth any more on the markets, so you can see what could be the impact of the currency for the German Companies and german exporters, 125, 130, not before. A moment ago we were having a chat with a gentleman from wisdom tree. Maybe you can settle this debate he was saying he is on the outlook for the euro, italy yet to hold parliamentary elections. Is something a development a negative or positive and is it enough to have sway of direction of currency . Well, the strength of the euro, seems like we dont see any reason why the euro actually could go down. Thats the main problem to us. We think the trend on profits, but we dont see reason because the Political Risk it creates. The coming election in germany, i think it is nonevent, Angela Merkel is likely the winner, we have to wait what will go on in italy with the next elections, but up to now the main problem was loss of credibility of the u. S. Dollar because of the internal problem between mr. Trump and the parliament, congress, because of all this new question about the russian issues all that makes the internal environment, it gives more strength to the euro and u. S. Dollar right now the question of politics is an issue, it could become again to be an issue in the coming months. Good answer, thank you. One sector that hasnt seen much improvement from the dollar is the energy sector. Oil prices have been trading in a tight range over the past month. Energies themselves, individual starts, one of the worst, if not the worst performing sector year to date. Do you see any up side are we nearing a trough here well, yes, it is one of our favorite sectors as you mention, worse performer year to date, but as oil prices, wti, brent are stabilizing now, we think it is one of the interesting sectors. Why . Because it is a lagging sector, but because we still have and safely going to have next year good yield and dividend yield and payment to investors, to shareholders, so we are looking at sectors like energy, big oil companies, and Insurance Companies and finance sectors, and Telecom Operators can give you substantial dividends, yields to the market, to the investor and one more for me i get your uk, understand, but hard to make it work unless youre helped by the currency. All those International Dollar earners, farmers, oil companies, et cetera. What will be the catalyst for the uk underweight working well, the problem with the uk market is the british pound is a good thing for exporters, for Big International companies, good for the ftse versus ftse 250, but the question is the question first of bad momentum on the economy an important inflation, see important inflationwith weaker british pound. And we also have a problem with brexit we are entering today the third round for the brexit we have internal discussion between mrs. May and the other representative of the conservative party we have a lot of uncertainty and for now cant measure how bad for the brexit and the uk account, so the main reason why the uk market is underperforming, even in the local currency in british pounds so we try to avoid still to overweight the uk market now. Lovely to see you thank you very much. Head of European Investment division lovely day in europe london, 25 degrees today and sunny. Maybe they dont realize it is a bank holiday although i shouldntcomplain about the weather when we have such adverse, horrendous weather effecting other parts of the world. Be thankful for the uk. President trumps company was reportedly talking to moscow during the president ial run up according to a the Washington Post report says a russian born developer urged him to visit moscow while they worked on the proposal. He could persuade Vladimir Putin to say great things about trump. Trumps company signed a letter of intent, mr. Trump did not visit moscow and the project was abandoned end of january, 2016 the white house hasnt responded to request for comment mean whiwhile, the president told top advisers to draw up plans for tariffs saying, this is an extraordinary quote, i want tariffs and i want someone to bring me tariff reminds me of a quote, i remembered what it reminded me of do you remember gene wilders impression of willie won ka. I cant remember if it was i want it now, i want it now i want it now, daddy she wanted a squirrel i want it now, daddy thats right. Shoved it down the nut chute there are no comparisons between the president and bow ri regard the white house said the president is clear about his agenda as relates to trade and that discussions were ongoing. Secretary of state Rex Tillerson says the United States will seek a peaceful resolution with north korea they conducted joint drills. This report from seoul reporter it was a provocation but mini one according to experts in south korea. It was not a strike toward the u. S. Territory of guam, but instead short range projectile into the sea off its east coast. The south korean government tells reporters at this point it is part of the usual reaction to the military exercise between south korea and the United States that was started a week ago. That explains the softer tone from washington. It is a violation of u. S. Security council resolutions, clearly theyre still messaging us as well that theyre not prepared to completely back away from their position. Having said that, were going to continue our peaceful Pressure Campaign as i have described it, working with allies, working with china as well to see if we can bring the regime in pyongyang to the negotiating table with a view to begin a dialogue on a different future for Korean Peninsula and for north korea. Reporter north korea which generally tends to be very loud about successful missile launches has not said anything over the wneekend since the launch maybe it means it didnt see the desired results. Thank you for that. The defak facto leader of samsung, five year sentence for bribery, embezzlement, purge re. They announced a plan to expand chip manufacturing capacity as it seeks to reverse price share decline in the walk of the scandal. We have been talking a lot about this, the fact he will be put behind bars for five years, less than prosecutors were seeking. But the big issue is it is a vacuum you would have thought in the lead up to his verdict samsung would have somehow tried to seek a little shareholder comfort by having a desent succession plan. Still dont know whats happening, not that it makes difference from operational day to day view, nonetheless. Despite that and the problems regarding hand sets and batteries, the shares are doing fairly well. The company fairly successful. More on how you trade this company. Legal has been onto me, because of defamation issues, legal is onto me, it wasnt violet bow ri guard that said i want it now. The lawyers will be after me, saying it was bar uk assault he did not say i want it now. When you mention legal, my heart was in my mouth. My understanding is in reality probably in trouble with the state you can follow us on twitter at street signs, cnbc or tweet us directly coming up on the show, german chancellor Angela Merkel, you must know legal would be into me. Everyone is off in the uk. Her opponent turns up the hate ahead of next months election more after the break [brother] any last words . [boy] karma, danny. Karma [vo] progress is seizing the moment. Your summer moment awaits you, now that the summer of audi sales event is here. Audi will cover your first months lease payment on select models during the summer of audi sales event. Tha. Oh, burnton gravy . Ie. Gotta rinse that. Nope. No way. Nada. Really . Dish issues . Throw it all in. New cascade platinum powers through. Even burnton gravy. Nice. Cascade. Thats why at comcast were continuing to make4 7. Our services more reliable than ever. Like technology that can update itself. An advanced fibernetwork infrustructure. New, more Reliable Equipment for your home. And a new culture built around customer service. It all adds up to our most Reliable Network ever. One that keeps you connected to what matters most. Welcome back Angela Merkel pledged to boost prosperity after next months vote merkel about to work closely with african and European Partners on the refugee crisis and also discussed the Auto Industry, rocked by diesel emissions scandal. Certainly trust was lost that the emissions test we used in a way at times that took in conditions for the test, that was not correct. Starting in september, there will does it need technical adjustments . There are different opinions on that we need to be careful we dont put too much resources into old technologies, focus on how as many get modern diesels, i want to explicitly say the diesel will be around for many, many years as well as the Combustion Engine might be. Theres stacks and stacks and stacks of unsellable, unsold diesels out there. I am fascinated by the diesel industry, like many people. Had two diesel cars, told this was a technology we were lied to about mpgs, we had laboratory testing, but when it ka came to emissions and mpg, we were sold a cup. It is not just german manufacturers, it is the Global Industry anyone who adopted diesel or any of these models, i think regulators and governments at any stage could have said real world, get out to the laboratory, real world tests theres been a hell of a lot of regulatory acceptance of the diesel over the years, and now were told it is fine, were going to move from diesel, we all have to buy hybrid, fuel cell or electric and although i think the industry is in trouble in germany, also were being sold another story. I think as a consumer, the industry has traced it abomb i didably. And the financing, 80 must cars a i find it tough to like them as consumer friendly industry. We can understand why theyre in the firing line how did the german Auto Industry become this way. Very quickly, despite what they said on diesel, they banned diesel and london is doing what it is doing, other towns are doing that, i think diesel is in trouble. Metropolitan areas where i live in rural areas, strong argument to keep it, but metropolitan, trouble. How much do you think theyre worth now . Nothing i dont care i have had my mileage. I check the mileage on both cars i have 240,000 miles on my cars now. I won. 240,000 miles. Combined. Theyre actually still running . Ran beautifully ran one to provence and back i look after them, but theyre worth nothing. One with 140,000, commute car to london and i live in rural area, my wife has to drive the car, a big diesel it is what it is there was nothing. I think the car industry whether diesel or gasoline or hybrid, electric is a different story, i think theyre all in trouble. Peak, we hit the end youngsters ridesharing. Your kids included, our kid probably will not drive cars in the future may have a robot driving a car for them one of mine is driving age, about to take the test hasnt turned up for any exams why start now exactly. Most produce in france, macro popularity rating dropped to 43 , down 22 since election in may at this point in 2012, his predecessor had a higher popularity rating. Former brexit talks resume want to show flexibility and imagination for negotiations demand comes at a time the uk Government Faces new pressure to soften thoughts on brexit. The labor party announced reports for a single market. Coming up, gasoline futures surge as Tropical Storm harvey disrupts Energy Production on the gulf coast the latest from texas after the break. Chances are, the last time you got a home loan, you got robbed. I know i got a loan 20 years ago, and i got robbed. Thats why i started lendingtree the only place you can compare up to 5 real offers side by side, for free. Its like shopping for hotels online, but our average customer can save twenty thousand dollars. At lendingtree, you know youre getting the best deal. So take the power back and come to lendingtree. Com, because at lendingtree when banks compete, you win. Welcome back to street signs. I am mandy drury Hurricane Harvey rage. Deadly flooding, catastrophic rain and they work to save survivors. President trump plans a visit to survey the damage. Gasoline futures shoot up as they halt production with harveys aftermath hurting the region. Uber board picks dare a khosrowshahi the ride company tries to put troubles behind it. Tale of two drugs. Novartis shares. Expanded use of a diabetes pill. It is a negative start to trading week for the European Markets. Lets look at the major ones theyre all currently moving to the down side. The ftse is off for public holiday. The euro got a shot in the arm friday after there was no kurn about the rate of currency the euro dollar shot up after his comments it is currently below that at 11933. It is a two and a half year high against the green back which didnt get any comfort mr mrs. Yellens comments whats the picture like in the u. S. We did close out mixed friday with the dow and s p 500 flat with buyers. Open slightly to the down side for the three indexes. Still reacting to the comments and hopes that trumps tax reform will ramp up public campaigning as of wednesday this week and we could be hearing a lot about mr. Trump selling his tax package. Residents in houston fleeing their homes as the center of the u. S. Industry collapses with Hurricane HarveyNational Weather service warned some parts of the city may get record rainfall. Average of 40 inches of rain expected for houston some areas could get as much as 50 inches. Extraordinary. Jay gray has more. Reporter communities cut off, homes isolated, islands and neighborhoods swallowed by flood waters as the race to save thousands in houston grows more desperate by the hour. I would have been asleep in that water if nobody would have beaten the door down. Reporter helicopters pulled elderly residents to safety, while on the ground despite repeated warnings drivers still challenged the rising water, this one rescued x standers that saw the dangerous situation unfold. I saw her panicking in there, i was asking her did she need help, and she said yes and i got with my rescue team ready and asked her to stay calm, we were going to come and get her. Reporter many survivors escaped with only things they could carry. Clothes, some shoes, basic necessities. Reporter tonight, officials in the fourth largest city are scrambling to find room for so many forced to higher ground. Because of the widespread flooding thats taken place of the last day or so, there are a number of people dont have a place to go. Reporter the Convention Center downtown has been converted into a massive shelter, but theres concern it just wont be enough. With more rain on the way. Jay gray, nbc news, houston. Get political reaction tracie potts joins us from washington i was looking at the distance between charlottesville, virginia and houston, texas, 1289 miles, but the reaction to the president was so criticized heavily over charlottesville, is he getting it right over harvey in houston reporter theres some criticism of the fact that houston wasnt evacuated, but thats very much a local decision what the president is trying to do is lead a federal effort that will end up being a sustained effort this is going to be a long recovery his fema director says it could take years to clean up and restore what Hurricane Harvey left behind. We do now know that President Trump is headed down there tomorrow this is the first big Natural Disaster of his presidency so yes, all eyes are on how he responds here. He had his Homeland Security adviser, his fema director out front talking about what they hope will be not only a sustained response but a Quick Response by declaring a disaster before the storm hit theyre hoping to be able to get money and resources to people much more quickly, not only to the government but directly to people whose homes and property were effected by this. They will be able to apply for federal aid, get federal assistance sooner rather than later. There are 5,000 federal workers on the ground in the area, in the region providing things like clean water and food because people could be in shelters for a long time. The response is one thing, what about the preparation how are they rating how well the area was prepared, considering it developed so quickly, didnt it we were hearing reports how refineries and various other organizations were scrambling to be ready because it developed from a Tropical Storm into hurricane so fast. Reporter so interesting you mention the refineries, Rex Tillerson, secretary of state, a Big Texas Oil man before coming to the Trump Administration talked about that over the weekend, saying the oil industry they know how to deal with this. But the Ripple Effect could be felt at the pump all over the country, depending on what the impact there is going to be. In terms of preparation, houston seems to be the focus there and whether or not there should have been more mandatory evacuations before the storm yes, there will be some political back and forth, the focus seems to be hundreds of water rescues that theyre still doing in texas and the rain is still falling. Tracie potts, thank you for keeping us updated with nbc news. Meanwhile, Energy Markets are bracing for the storms impact gasoline futures trading up. They gauge the impact of harvey, gasoline spiking 3. 7 . It is likely higher prices to come at the pump joins us on the phone from Corpus Christi, texas, you followed Energy Markets for many years. Give us your reading of the situation . Right now i think the Energy Markets are acting within reason remember as tracy mentioned, the risk is shut down of refineries. When you have dramatic flooding, refineries that are used to conditions such as these will still continue to have problems. We know of certain shutdown in houston, Corpus Christi, these are some of the major refining centers. And all along the gulf coast, talking about nine Million Barrels a day refined here thats a little less than half the countrys capacity this is a big issue when it comes to energy and distribution the other concern with flooding is pipelines that transport gasoline could be facing issues. Thats what everybody is watching storms change from a Tropical Storm to a hurricane rapidly, now it is hovering thats causing confusion and chaos and flooding now in houston area, and thats the problem that could impact the refineries and pipelines, it hovers and massive amounts of rain we are receiving. Here in Corpus Christi after the eye made landfall friday night, things subdued a little bit. But still, many parts of town without power and surrounding towns have actually been devastated by the impact of the storm. The question at this point is as coastal areas all of the attention is focused on flooding in houston, how are resources allocated, how everybody that needs help will get it one thing i would say from my personal observation, everything has been very orderly. All the texans i have spoken to said theyre coming together and theyre going to brace this disaster as a community, Work Together to get their way out of it but it is a tough time for everybody, the worst storm weve seen since 2005. More than a decade question for you about what happens to oil demand when the facilities are back running. Is that demand that would have happened, is it gone because that economic capability disappeared or is it pent up and we get a surge on demand once facilities are back up and running. There are two pieces to the story. The first is counter intuitive, which is that the oil demand will go down, oil prices might drop because theres no demand to refine the product. As you mention, then things get back running, certainly theres more demand, prices move as a result of that, possibly a little higher. The situation were in now with the supply glut on our hands, most of the summer when demand is supposed to be highest, the question is when we do get up and running, storage at this point to take care of it and not impact the oil market the way we have seen it in storms in years past zb jackie, great to speak to you. Thank you for that. Venezuelan oil minister will visit russia and saudi arabia ahead of an opec meeting next month. He will meet with russian counterpart novak. Theyre set to discuss implementing an open he can deal cutting global output including introduction of changes if need be. Meantime in russia, chief executive of Retail Banking unit has reportedly been offered to join troubled lender otkritie. He could lead the banks financial rehabilitation after it lost 20 of its Balance Sheet in the last two months Russian Deputy finance minister says the countrys Banking System is, quote, absolutely stable, speaking at a tv interview he also explained there are no immediate risks to the system. Coming up on the show, the euro hit a two and a half year high, were going to have more on fallout from the annual shin dig after the break. Thanks for loading, sweetie. Oh, burnton gravy . Gotta rinse that. Nope. No way. Nada. Really . Dish issues . Throw it all in. New cascade platinum powers through. Even burnton gravy. Nice. Cascade. Welcome back to street signs. Novartis shares are under pressure after the swiss drug maker will seek Regulatory Approval for new antiinflammatory heart drug they say it lowers the risk of heart attack, some warn of infection risks and high price could limit benefits. They won fda approval of expanded use of diabetes drug to reduce cardiovascular risk first time regulators cleared a diabetes drug for treating risk of heart attack, stroke in patients with type two diabetes. And a 1 billion euro Share Buy Back it also said it would continue to examine takeover opportunities. He said the move was part of a strategy to boost shareholder returns after saying it was competent of meeting the 2017 financial target. Speaking at the summit, ecb president said the Global Economy is improving, warned about challenges to growth neither gave away much detail about policy both central bank defended free trade and Financial Regulation reporter the president of European Central bank and president of the bank of japan, swran et yell entook maybe her final stroll her term up in january, donald trump says shes under consideration for reappointment. Speech on financial Regulatory Reform may not have helped her case the president wants a big number on the doddfrank financial reform act, warning against rolling back to reforms from the crisis yellensaid they made the Financial System more stable and said it may be difficult for borrowers to get credit, overall lending was growing in line with the economy. Contradicting direct statement by the president about the need to reduce regulation she conceded some rules could be reformed, about small and medium size banks the fed governor disagreed theres a conflict between the administration and fed. Protect fundamental reforms, stress testing, resolution planning, that sort of thing at the same time, she said clearly were committed to reviewing reforms to see whether theyre effected and where they can be improved. Said that several times in her speech thats what we have been doing looking at improvements to lighten regulatory burden. These are common sensory forms to achieve effective regulation, without unnecessary burden. She made no comment on Monetary Policy. The european recovery was still in early stages, ucb should be patient in reversing policy. Market have been anticipating some announcement about ecb easing off the accelerator they chose not to make that news in the titon mountains at jackson hole head of International High yield at brandy wine global end. Thank you very much, is it global look, in terms of your reaction to what was said and wasnt said over at jackson hole, damaged goods seems to be the comment from a lot of people did you get anything out of it i think theyre saving fireworks for the september meetings they stuck to the script and they want to reiterate one is that janet argued about the benefits of Financial Regulation as well as sticking to defending globalization and free trade. Why wait until september, why not now . What is to gain by waiting red flag in front of the locomotive also gentle for the market i think theres a number of key issues one is that inflation really isnt well far from the target two is that theres a lot of debate internally within their own committees, as well as there are a number of data point in the next several weeks could be important. One this week were looking in the u. S. For gdp and employment figures as well. Theres still a number of concerns on a global geopolitical front that may effect some of their debates theres always issues with geopolitical funds when is it always a perfect lineup of ducks, all the right economic and political criteria in place i am playing devils advocate. It is a good argument. Not only why wait, but also what are the risks in waiting i think one is that they want to be very gradual and any changes of accommodation, because of the fact they know that one is that inflation is far from what they want it to be two is that on the geopolitical front, one of the key concerns has been particularly in the u. S. , are we seeing essentially a failed presidency in the sense there was a lot of optimism in the beginning of year for fiscal reforms from President Trump and i think thats one of the key concerns coming into this fall and the third is that valuation, you look at Asset Classes globally, some people are getting cautious to what were seeing as an investment community. Trump is hamstringing yellen. Get colleen to join as well, senior economist at ing as well. We are convincing we will get tightening in europe and tightening in the United States, but youre giving a different message, less optimistic message that potentially were giving ourselves wiggle room to start qe up again if you get that started in countries like italy. Well, the thing is that what was notable from the last minutes that the ecb published is they would like some flexibility to both sides in terms of adjusting Monetary Policy for 2018 as well. Thats something that could inde indeed hint that there could be halving of the Current Asset purchases and that would leave them room to move back up from 30 again for 2018. One of the possibilities that he has. One trick pony. I worry the boss of the ecb is giving one method of getting out of every mess every time and it is not working, not creating structural changes many times i heard him argue weve done what we can, it is up to you guys. If you get this down tick economically, what hope then of meaningful change in europe that will sustain the recovery, get us beyond 9 unemployment . For now, the situation is one that growth is surprising on the up side. The question is how long we can sustain that i think the message from jackson hole was one where he was focusing on the fact that structural changes are needed for growth to improve to levels closer to where growth is now, around 2 , for the eurozone over the past ten years surprisingly healthy growth that were currently seeing unemployment is coming down, but for the longer run it will be important to create those substantial, structural changes that can result in higher trend growth. We saw footage from friday, jackson hole, with miss yellen, what are they up to if yousee draghi and yellen head for the exits, it is like waiting for the inflation to hit and theyre left behind. What are implications on global Asset Allocations and currency distortions as a result . Well, i think the theme were currently seeing is one in which uncertainty around Monetary Policy is quite strong i think thats the theme for 2017 as a whole. Uncertainty about hitting inflation, japan is not the only one. Thats something that obviously the u. S. And eurozone are also struggling with. In that sense i think Asset Allocation in terms of Monetary Policy is uncertain as we are moving into months where Central Banks get more clarity i like the line, you pointed out bond markets distorted to levels where european high yield is the same as u. S. Treasuries first time ever. Something feels wrong. It is quite insane, some of the levels we see acrossed the fixed income market. There are exuberant levels as an investor, you have to be cautious thats what we have been doing, taking chips off the table, taking profits when we can, pick spots you want to be in, even if volatility starts to rise. Right now, we like parts of em latin america, mexico and brazil, and select parts of single u. S. High yield thank you so much it is a bank holiday special thanks to you for coming in portfolio manager, head of international at brandy wine not a bank holiday in the netherlands. So sorry for you quick one on some of the costs, tens of billions in cost from the likes of rita and other huge hurricanes, hanover reed sees damages from Hurricane Harvey below katrina and sandy. Well below at the moment initial assessment we have european reassurance on the board there. U. S. Futures, a quick look at those. We are slightly negative at the start of trading for u. S. Markets for the futures i have seen mandy, we have done street signs, theres no truth in rumor we are doing worldwide exchange. Theres another magnificent pairing that takes you through the next hour on cnbc. I am steve sedgwick, thats mandy drury. See you tomorrow same time livestream your favorite sport at the airport. Binge dvrd shows while painting your toes. On demand laughs during long bubble baths. Tv on every screen is awesome. The Xfinity Stream app. All your tv at home. The most on demand your entire dvr. Top networks. And live sports on the go. Included with xfinity tv. Xfinity, the future of awesome. Breaking news at this hour catastrophic situation unfolding in texas in the wake of Hurricane Harvey houston is underwater. Millions are stranded, more rain is expected. We are live on the ground with the latest on this quickly unfolding story. Gasoline futures spike as harvey takes 15 of capacity off line the full Market Impact of this monster storm ahead. And in corporate news, uber has a new ceo. Full details on the way. Monday, august 28th, 2017. Worldwide exchange begins righ