And a job number that is very good. This is a weak report. Conversations on markets across the globe. Good but i dont think growth can be sustained. Largerrtainty dampens m a transactions. Warren buffett raises his stake in bank of america. We will be getting 30 plus Million Dollars more annually from owning a common than a preferred. Speaks aboutihan the high stakes of regulatory reform. Capital liquidity is important. All straight ahead on bloomberg best. Hello and welcome, im julia, this is bloomberg best. Your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Last weekend Hurricane Harvey began to batter the u. S. Gulf coast and the city of houston. On monday the big storm was the big story. Floodwaters overwhelmed a swap of houston as harvey continues to inundate theheastern texas leaving fourth largest city in the u. S. With an unprecedented level of rainfall and crippling the energy industry. Give us some persp
The offeree Smith Memorial foundation has a fantastic new vice chair in mary erdos. [applause] yes. Erdos is the ceo of jpmorgans Asset Management and wealth division. She knows her way around money. But like all her best leaders, she is not interested in money for moneys sake, but the good it can do in the world. In her 20 plus years in new york, mary has watched the archdioceses works out the needy and has seen how effective the often east myth Memorial Foundation is in getting funds to a wide range of charitable organizations. Mary, im sure, is sought after for all manner of where the causes. Two timid so strongly to the foundation says a lot. So sternly toit the foundation says a lot. N in theth generatio family to attend sacred heart schools. Mary can tell you more about the work of the foundation. Ladies and gentlemen, i present to you the vice chair, mary erdos. [applause] thank you, everybody. On behalf of the entire board, we want to thank you for coming out for this historica
November personal income unchanged, coming in with no change at all. The forecast change up. 3 or 1 , personal spending weaker than estimated, up to this. 1 ,. 3 of 1 was estimated. We look at the socalled pce, personal consumption expenditures, that is something the fed watches and that comes in with a yearoveryear change of 1. 4 on the core bases of 1. 6 . The federal reserves target is 2 . Something to keep an eye on. We also got the leading economic indicators, that also coming in unchanged. Brd got data earlier this with gdp at the point that percent and other numbers as well. Heavy Economic Data day, but is Anyone Around to traded, abigail . Action, not a lot of the dow and s p 500 and nasdaq in small declines. The volumes similar to yesterday. We arrived out of the gate and looks similar to yesterday. Low volume and not a lot of trading but we will be here to watch and see whether or not the averages can creep higher and we may see dow at 20,000, time will tell. We will happen t
Happening around our area this morning with the storm coming in. They are coming in fast and furious. Friday was all about wind. This is all going to be about rain. The Santa Cruz Sheriffs Office just sent this out. Flooding in the real delmar flats and beach neighborhood. There is also other areas that are having water issues as well. Maybe 9 interest if everything came together. Wind gusts to 50 miles per hour. Flooding is likely. Additional mudslides and damaging wind. There was one band that came through. They are picking up again. They stay this way until 4 pm. Depending on where this sets up there is a main band. If that sets up over the Santa Cruz Mountains we will get the heaviest around amounts. 48 inches tall. I do think there will be around the Santa Cruz Mountains. It seems to favor that area. The system will be with us all day. And into early tuesday. Some of this needs to set up first. That will lift this pen a little bit. Heavy rain around clear lake. Major flood issue c
Your waist. And then youre done. Storm surge is going to be the big story. Big, strong winds, flooding and the carolinas. And evacuations weve talked about. When i come back ill have the latest model run on this thing where its going to go. Well see you back here with the weather. Thank you. Fox news reported joel waldman live in savannah, georgia. What are the conditions like right now . Reporter frank and julie, good evening to you. Really not much has changed since we talked to you last time. Maybe a slight uptick in the wind but it is bone dry out here, a bit of a cloudy day. Keep in mind this storm is moving incredibly slowly. Just reaching floridas coast now. I can tell you i had a chance to interview the mayor of savannah. As well as the mayor of tybee island, a small Barrier Island 18 miles to the east. Actually gets out onto the ocean. The mayor there was extremely concerned there, they were the first to evacuate. He is actually evacuating all of his First Responders and he to