Wti in a bear market. 40. 77. We will assess all these things, Monetary Policy, Global Banking buiter. Lem his call, a gdp growth of 2. 4 . But first, lets check in on the market. We have a selloff. Jonathan we will break it down. By. 5 . E up of dollaryen with a move up. The bank of japan disappointing the yen. This is bear flattening. The long and stays anchored. In japan, up 10 basis points there. We will be talking about the market a little bit later. But to wrap it up, it is brent and wti. A bear market at the close. A seven day losing streak. Down by 1 . We are trading at 40. 77. Back to the big news that the bank of japan is keeping monetary tools unchanged. Lay out we heard today . Well, you are right. Largely unchanged, that is the headline. Toolsin Monetary Policy were unchanged. There was some easing and more purchasing of funds and there was a doubling of the dollar lending program. Bush really interesting was the fact that there will be a review the policies that have been
The markets. Jp morgan did not use brexit ate my homework as an excuse to imply lower numbers. Jp a lot of people were nervous, they did not take that bite. A great relief. Financials up right across the board. Earnings trends, only a few of them have been beat. And i want to show you whats going on here. Since these companies started reporting, this has been their stock prices. Alcoa, delta, jp morgan, every single one of them. Lets take a look at the banks. It is very traditional for banks to go up a little bit. Thats jp morgan and sell off after it. And banks are leading, up about 5 . So far just this week. The head of the Worlds Largest asset manager getting a little worried. Heres larry fink on squawk box. Here we are. Were seeing investors worldwide pausing. We have seen quite a large sum of money being pulled out of equities over the last year. And yet were at record highs. This rally in my mind is not i dont think we have enough levels to justify at this moment. Reaction now. G
Higher. Slightly. Call it almost flat. France is higher by 2 points. Oil prices have been moving higher on a report suggesting that russia is in talks with saudi arabia. Others about achieving market stability. Crude had a strong were falling a developing story out jfk airport. Multiple agencies responding to the airport after a report that shots had been fired. After arriving on the scene, authorities said there was no gunfire. The nypd declaring on twitter that all terminals were searched and cleared and no shots fired. They believe the woman who reported it misinterpreted clapping and banging from people watching the Olympic Games. Incident in the mall where people had fireworks. They were watching usain bolt last night. It was amazing. I did get to see a lot of it last week. Its all been really great. The swimming. Katie ledecky, wasnt she amazing . Shes that solo swimmer. I tuned into the end of that. Golf turned out great. I think some of the guys that didnt go were like oh, man
The blue cut fire and has been going strong for 36 hours. The latest numbers show 25,000 acres have burned, fire crews are trying to assess the Property Damage but a number of homes have been lost. Here is video from earlier this evening before it got dark. Firefighters said there was nothing they could have done to stop the advancing claims. The local battalion chief in San Bernardino told the l. A. Times, we got our butts kicked. Another said they were no match for the combination of wind, dry vegetation and steep terrain. Tens of thousands of people in the area have been ordered to evacuate. Some of them wont have homes to return to. It was devastating. A lot of homes lost yesterday. There will be a lot of families that come home to nothing. We want to show you where this fire is burning using data from cal fire. We created a map showing the fires perimeter. You can see it burned on both sides of interstate 15 north of the cajon pass. And west toward highway 138 and the resort town
The property was saved. Officials say thats a dangerous strategy because if the fire swings to their homes, they may not be able to get out. And crews may have to stop battling the flames and switch to rescue operations and that could extend the time fighting the advancing flames. Firefighters say the biggest concern will be the weather. Therell be hot temperatures. We know its going to be hot in San Bernardino county. The humidity low. And the question is what are the winds going to do as we move throughout the day today. The upper atmosphere the smoke is blowing back to the southern sierra and Southern Nevada and the humidity is bone dry. And temperatures depending on the elevation. Anywhere from 85 to 105. No help for any fog. That too far inland. And no cloud cover coming recovery. A little bit in the sierra but not solve california. The elevation makes the difference. But some of the rough terrain, 6000 feet. A thousand feet to the surface, very, very warm and the breeze does pick