The month over 12 lower as china injects over 140 billion yuan into the money markets. Berkshire hathaway has more than a 10 stake in phillips 66 despite the slide in crude prices. Hitting the motherlode, shares in any rally after the eni discovers the mediterraneans biggest gas field. Some numbers just hitting the tape. Eurozone, august inflation is unchanged from july. Cpi year on year, plus 0. 2 is what it is estimated for july. The core cpi year on year is plus 0. 9 which again is pretty much unchanged july, where it was. Plus 1 . Overall, the cpi number coming in fractionally ahead the same number for july. Lets look at the euro, 1. 12, thats what it was around the open, changed a little at trade but not significantly. Changing your attention to u. S. Futures. Last week was a week to remember for the bulls and the bears. Chinas move triggered a selloff in asian stocks. Suggesting a lower open by 1520 points. Nasdaq down 36. S p 500 down 19. Here in europe, reaction to inflation da
Crash site. It is in the middle of a war zone. It is in a part that the separatists control. The separatists allowed them safe passage to part of the crash site. Officials have been invited in as well. This is a massive crash site. Rex ukraine has been clear that it believes arerussian separatists shot down that jetliner but do they have any proof . He says that they have an awful lot of proof. Rebel controlnder weapon. As a russian russiane arrested citizens. Of proof and they intend to share that with the international community. What about the economic implications of all of this particularly as it relates to . He International Monetary fund the imf was in town and they approved the second tranche of 17 billion aid program. You willaid this means need more money. The Prime Minister told me that as well. He will need one billion more dollars to cover their war needs. He suggested that the imf is on the same page providing that money. Froman chilcote joining us kiev. President obama s
Improving economy means that the feds timetable for starting to tighten needs to change. With respect to Monetary Policy over the medium run, they generally agreed that labor Market Conditions and inflation had moved closer to the committee longrun objectives in recent months. They most anticipated progress towards the goals continuing. Moreover, many participants the key word there, many noting that it occurred more quickly than expected and it might become appropriate to begin removing Monetary Policy accommodation sooner than they currently anticipated. The key word there being many. Why are they entertaining this idea . Thee participants in meeting see improvement in the labor market specifically . Disciplines generally agree that the recent improvement in labor Market Conditions and cumulative progress over the past year had been greater than anticipated and that labor Market Conditions had moved noticeably closer to those viewed as normal in the long run. Assessments of the remai
Decline in the dow and other major averages at this thing coming a head. When they stormed the store and the Printing Press area there. The dow did fall to that low of the day of about 229point decline and come back right now. Back 143. Take a quick look at the 10year, as well. This has been rallying as we know for a number of reasons and quite sometime and perhaps an extra bid on the flight to safety trade today. Below 2 again. That u. S. 10year. Watching it for everything from the influence on the Mortgage Market to what it does ultimately send in terms of signals for the Federal Reserve here and policy decisions coming up and we have heard from members expressing like charlie evan this is morning to rather be cautious than hasty to raising factors. If you hang on to that for a second longer cross currents and you can see that after the jobs number came out, stronger than expected in many ways. You saw the yields rise but then they were coming much lower, maybe a flight to safety and
President obama and his National Security team are also taking up a blockbuster revelation today, that Russian Troops are actively fighting, openly, the Ukrainian Military within ukraine itself. President obama just moments ago excoriating russian president Vladmir Putin after russian separatists confirmed on russian state television, what has been suspected for months. That up to 4,000 russian soldiers have crossed the border to fight the Ukrainian Military. With that report from russian television. Ukrainian separatists among us fighting serving soldiers would rather take their vacation not on a beef but with us, among brothers who are fighting for their freedom. The admission comes after nato released these images that you see on your screen. These are satellite photographs, Russian Military assets amassed on the ukrainian side of the border. What youre looking at are Armored Vehicle convoys and russian tanks in ukraine. President obama today accused russia of training arming rebels