Seeing broadbased gains here. The cac 40 in france up 4 10 of a percent. The dax in the green as well. The ftse 100 up higher by 6 10 of a percent. Italys ftse underperforming slightly. It is pretty much flat. Overall you are seeing a lot of green on the screen. Assetshave a look across at how this is shaking out. A lot of green with the equity space. Space, we were seeing dollar weakness earlier, but it has recouped some of those losses. What that means is that sterling is on the back foot having gained earlier. The euro has also given up some of the games from earlier, trading flat at 12288. It has not moved much despite the fact that mario draghi have been speaking before the european parliament, answering questions as well. He did say that the fx market did warned some attention, but overall he has been treading a neutral stance when it comes to growth and inflation in the eurozone. Lowerlds generally move in italy outperforming more than the corporate in the metal space more than
Street. Im Carl Quintanilla a strong close with buffett on squawk. Fed chair pal on the squawk tomorrow we begin with futures pointing to a sharply higher open on the twoweek rally and buffetts advice for the longterm investor despite volatility, buy equity, not bonds. Ge is planning to restate three new candidates to a streamlined board of director. And the chip war continues over qualcomm urging broadcom to engage in direct talks for a takeover deal. Buffett is one of the big stories of the deal saying Berkshire Hathaway received the new tax law. Heres what becky said earlier on squawk. We had about 100 billion of unrealized gain in equities. Now, when they are sold, you pay tax on that. And previously when the tax was 35 , we would have had a 35 billion reserve for taxes against that as a liability. That would drop to about 21 billion. So 14 billion roughly that was a reduction in the amount of tax that when we saw those securities, we will pay. It wasnt cash now, but it reduced the
Well, good thursday morning. We begin with the dire new warnings about the threat of isis here in the u. S. Attracting thousands of followers through social media. The alarming message from the fbi, isis is more of a threat than al qaeda. Abcs bazi kanani has more for us from washington. Reporter a new warning about the islamic states new strategy. They have invested about the last year in pushing a message of poison. Reporter fbi director james comey says isis propaganda spread via a slick social Media Campaign is working. Some 21,000 englishspeaking followers worldwide. The terrorist Group Constantly urging those who cant fight in the middle east to strike at home. Isil is not your parents al qaeda. Its a very different model, and by virtue of that model, its currently the threat that were worrying about in the homeland most of all. Reporter unlike al qaeda, comey says isis will use anybody, even unstable drug users, which is how the gunman in chattanooga, mohammad abdulazeez, is des
Interesting to note there have been a lot of fires this summer. Cal fire told us the average number were up 1,200 over the average number for this time of the summer. The good news here this fire has not been particularly destructive. One out building and also unpredictable. Its a dark billowing menace miles away as the crow flies. Should he evacuate or stay at his home in which he lived since 1978 . If we leave we have to stay, stay out of here. Reporter its one mans dilemma in a region filled with road blocks evacuated homes and gates left open for firefighters just in case. The wragg fire began yesterday afternoon and tore through 500 acres in the first hour. Now it is close to 7,000 acres with 15 containment as of this afternoon according to cal fire. Concern is going to be the wind. Reporter everyone is watching the winds and the humidity including this team from san jose state university, a portable weather station used to observe and predict fire behavior. The winds come. We wil
Well good thursday morning. We begin with the dire new warnings about the threat of isis here in the u. S. Attracting thousands of followers through social media. The alarming message from the fbi, isis is more of a threat than al qaeda. Abcs bazi kanani has more from us from washington. Reporter a new warning about the islamic states new strategy. They have invested about the last year in pushing a message of poison. Reporter fbi director james comey says isis propaganda spread via a slick social Media Campaign is working. Some 21,000 English Speaking followers worldwide. The terrorist Group Constantly urging those who cant travel to fight with them in the middle east to strike at home. Isil is not your parents al qaeda. Its a very different model and by virtue of that model its currently the threat were worried about most of all. Reporter unlike Al Qaeda Comey says isis will says anybody, even unstable drug users which is how Mohammad Abdulazeez is described by his family. Comey says