California utility pg e said to be close to finalizing terms for a 13. 5 billion dollar payout to victims of wildfires sparked by defective equipment. Youre told it would pay half in cash and the rest in stock in the reorganized company, although no final agreements have been reached. Pg e shares rallied strongly on the news but are still down more than 50 this year. The owners of the new york mets are in talks to sell up to 80 of the major league franchise. Were told a deal would be valued at 2. 6 billion and set a path for billionaire steve cohen to take complete control after five years. Hes already an investor in the mets and has a net worth of more than 9 billion. Shery markets open in tokyo and seoul at the top of the hour. Sophie stocks are set to rebound after closing at a low. U. S. Futures little changed. Checking in on the end, Holding Steady while weakening to a twoweek low yesterday, snapping a fourday advance. They opened lower but could gain a 30year option come and. Whe
That bill in terms of the prodemocracy protesters. The Indian Markets looking like this, future suggesting a flat start for the session. Take a look at what happened,. 5 to the upside, since x likewise. The 10 year yields, one eye on what is going on with gdp. Growth comethat that would be the slowest rate weve seen. 71 rupees, the rupee has been the worst performer amongst andn emerging currencies part of that could be done to the weve had robust inflows of the greenback into the economy. Lets wait for that open but before that lets get to the first word news in new york. Were going to start at the u. K. Were starting strengthened as a poll suggested the conservative party may win a comfortable majority in the months u. K. Election. Hassurvey of 50,000 voters the tories winning 359 seats and the others 211. A top aide to Prime Minister Boris Johnson is warning there is a real chance of no overall victory and things are much tighter than they seem. The latest fed survey of the u. S. Ec
Deal keeps stocks near alltime highs. Treasury yields rising. Gold falling below 1500. Shery huawei still see sales growth despite the longrunning ban on u. S. Tech. We hear from the fcc. First, lets get you breaking news out of south korea. We are seeing a balance of payment. 7. 4urplus widening to trillion billion in the month of september. This is coming from the previous month when the surplus was at 5. 2 billion in the month of august. That was also two consecutive months of the surplus widening. We have five months of surplus now after the country posted its first deficit in seven years back in april. It has been under a lot of pressure. We have september exports falling 12 . Now we are seeing 11 months of contraction for those exports and south korea. , alsood balance number seeing the surplus widening to from 4. 7on, up billion in the previous month. Numbers out of south korea when it comes to those payments current account balance. Lets turn to the Australian Market that has c
It boils down to what we see with regard to the uncertainty. Futures contracts suggesting we will see a negative start, on top of a weak end to the trading day in new york, which isnt lwind. Y adding a tai sterling lurching a little lower, exacerbating losses in thesession in europe and u. S. Dollar a little weaker after strengthening quite radically after Justin Trudeau being reelected as Prime Minister, he cobbled together a coalition. Gold, interesting, with a little bit of risk aversion as it were. A look at whats happening, first word news, to su keenan. Flagshipealands International Convention Center Project faces a new delay as a fire at the construction site continues burning. It broke out tuesday afternoon, engulfing the roof. Police have closed roads, and people are being urged to stay away from the area. The latest on brexit. U. K. Officials say Prime Minister Boris Johnson will call an election if brexit is delayed until january 31 of next year. Johnsons push to take the u.
Saying his call was wonderful. The white house was already trying to keep the record under wraps. Thecycle Fitness Company third worst unicorn debut since the financial crisis. Woworks cash plans go awry. Shery lets get you started with a quick checkup on how markets closed. It was a broglie risk obsession with stocks losing ground, at treasuries advancing, and the dow lost 80 points. The s p 500 lost. 25 which was the fourth decline in the last five sessions. We started lower given the whistleblower complaint in that impeachment inquiry against President Trump was released, but then, this was exacerbated after u. S. Officials talked about that temporary waiver for u. S. Suppliers to send their products to huawei. It could probably not be extended. Market sentiment was rattled. The nasdaq fell. 6 . Energy was the biggest loser despite the fact that we did see crude prices recover after we heard reports that the u. S. Would be sending military equipment to saudi arabia. U. S. Futures at