Steve engle at Standard Chartered with a blistering note about the fed minutes being reinterpreted. Weve got some breaking news. I dont know if you see it there i home in london, but this is critical. Alone,leaves the rate and we get turkish weakness of that headline. Mr. Erdogan simply doesnt want to raise rates, does he . Anna absolutely. They are leaving their oneweek repo rate. The big picture here is that many economists saw this coming, but also thought the Turkish Central Bank should hike rates because the Interest Rate in turkey is well below inflation, and that kind of makes turkey stand out on a number of measures. They are also spending fx reserves to try and prop up that lira. We were talking about a turkish crisis back in 2018. The lira is weaker now than it was then. We will talk more about emerging markets later in the program. Lira has been stronger the last one he for hours. It weakens demonstrably off of this leaving of rates. Right now, i can do the data check right
We are talking about how it is actually hot this morning. Its muggy. The temperatures are in the 60s. You probably noticed its not as cold as our last storm and that is not san jose right there. Right now our current temperatures, this is what we were mentioning, 60s in san jose. 61 in San Francisco. Remember our last storm we dipped down into the 40s and the 50s . We are a little bit more on the warmer side this morning. Here is a live look right now. Not as heavy when it comes to the rain. We saw the showers start to decrease. We have that cold front that will sweep in later tonight. When that cold front gets through, that will bring the temperatures down overnight and tomorrow and it will pop up the chance of some thunderstorm activity and small hail. Im going to take you through the outlook so you get a better idea of the timing and how long it will last. If youre worried about your monday commute, i have you covered on that too coming up. Well see you then. Rain may have played a
When asked about the criticism, trump said, wow, now i know how jesus felt on the cross. [ laughter ] after President Trump this morning compared impeachment proceedings to a lynching, senator Lindsey Graham defended trump saying, quote, this is a lynching in every sense. And if theres one word Lindsey Graham shouldnt be using its sense. [ laughter ] thats right early this morning President Trump tweeted about congress ongoing impeachment inquiry. He wrote, all republicans must remember what they are witnessing here, a lynching. Now, the complex issue surrounding a white person using the term lynching is not something im comfortable talking about. But i am [ laughter ] [ cheers and applause oh, donald trump, you raggedy bastard. Youre not being lynched you know how i know . Because people who are being lynched dont sit in a mansion tweeting about bull[ bleep ] [ laughter ] look, the reason youre comfortable comparing your situation to a lynching is because you value black people so lit
Coming in for a max go ahead ray fix it looks like theyre coming in for max go ahead. Well 1st a very small correction peter you said we all know about max well 1st a very small correction peter you say we all know about max none of my fellow americans know about mel you got ahead of me where i want to go back on the my fellow americans know about mel you got ahead of me where i wanted to go after the news stream go ahead go ahead youre right. It is true man you go ahead youre right. I live a back off air and just say well you know theres an expression the pen is live a back off air and just say well you know theres an expression the pen is mightier than the sword. Now the u. S. Government mightier than the sword. Now the Us Government and the Mainstream Media have collected all the pens that they can but and the Mainstream Media have collected all the pens that they can but they couldnt get Max Blumenthals or erin metz say spend this this is a terrific encouragement to old guys like m
Progress on divesting Growth Continues ahead of schedule in the Permian Basin as it made Good Progress on divesting nonpoor assets Falling Oil Prices and oversupply continues to be a concern for assets following oil prices and oversupply continues to be a concern as exxon is exceptionally vulnerable to any slowdown in Global Growth as exxon is exceptionally vulnerable to any slowdown in Global Growth year to date exxon is flat as the entire Energy Sector is facing headwinds from higher production career to date exxon is flat as the entire Energy Sector is facing headwinds from higher production costs and weakness in refining. Costs and weakness in refining. Earlier this week the Asia Pacific Economic cooperation summit set for mid november and saw earlier this week the Asia Pacific Economic cooperation summit set for mid november and some. Chile was cancelled amid widespread protests in the nation due to its proposed was cancelled amid widespread protests in the nation due to its propo