Shanghai composite was flat. In european trading, things are barely changed the dax and ftse slightly higher cac down about 0. 1 . Italian stocks down as well, but in spain stocks are slightly higher checking out wti, still above 50 a barrel sitting at 50. 84 a barrel were following a developing story out of Northern California Deadly Wildfires burning unchecked there. Officials say 23 people have died from those fires. More than 3500 structuring have been destroyed leaving hundreds missing in chaotic evacuations firefighters are battling high winds as they try to contain two dozen blazes spanning eight counties yesterday a mandatory evacuation was enforced in sonoma county. Well get an update from Northern California later in the program. I didnt understand why this had been so hectic why people didnt know to leave and confused they were dealing with winds that were above 70 Miles Per Hour on sunday night when you think about that, that means the fire is moving over 70 Miles Per Hour,
Yesterday you saw the nikkei ended that 16 session winning streak this morning stocks are closed higher the nikkei was up by 32 points to 21,739. Hang seng down by a third. The shanghai was up by a third of a percentage point. The early trading in europe, things are in the green across the board. Gains for germany, france and london up by a third stocks in italy and spain also higher treasury yields, check this out, yields at 2. 43 . Crude oil prices which have been above 50 comfortably for quite some time are now up about 8 cents. 52. 26. Here are the big stories were watching new comments out this morning from the saudi crown prince. He says the aramco ipo will take place next year and valuation of the company could top 2 trillion the crown prince said saudi arabia is working with all Oil Producers to rebalance the global oil market. On the wall street agenda, weekly jobless claims out at 8 30 a. M. Eastern, followed by september pending home sales at 10 00 a. M. In europe, we are go
Whats happened to the german Auto Industry first fox wagon wrecks its reputation in the diesel gate scandal now pretty much all the big names and german car making are reportedly mired in dubious dealings the cartels in german business we set sunlight on them in this weeks edition of made in germany your business magazine here on the w. The accusations are as serious as the names are big for decades Auto Industry giants fox wagon already porsche dimer and b. M. W. Apparently have been in cahoots colluding over the technology in their vehicles over suppliers Market Strategies emission controls and prices antitrust watchdogs are up in arms and tens of thousands of consumers may have been cheated is the industry that has long viewed itself as the pinnacle of german engineering about to crash and burn it sure seems the road ahead is becoming steeper and the turn sharper. The whole world loves german cars demand is strong sales are breaking records despite a string of earlier scandals the b
Vehicles over supplier Market Strategies emission controls and prices antitrust watch stocks are up in arms and tens of thousands of consumers may have been cheated is the industry that has long viewed itself as the pinnacle of german engineering about to crash and burn it sure seems the road ahead is becoming steeper and the turns sharper. The whole world loves german cars demand is strong sales are breaking records despite a string of scandals the bosses look pleased with themselves the government has been generally supportive. Of you for pollution we require porsche to recall this vehicle. Because and inadmissible defeat device has been identified in this car. We withdraw authorization for this vehicle as this means that no further cars may be put on the market after. The minister was talking about the cayenne diesel three liter t. D. I. Fitted with a socalled defeat Device Software that can tell if a car is undergoing emissions testing only then does it turn on the equipment that r
Are reportedly mired in dubious dealings the cartels in german business we set sunlight on them in this weeks edition of made in germany their business magazine here. The accusations are as serious as the names are big for decades Auto Industry giants fox wagon already porsche dimer and b. M. W. Apparently have been in cahoots colluding over the technology in their vehicles over suppliers Market Strategies and Mission Controls and prices antitrust watchdogs are up in arms and tens of thousands of consumers may have been cheated is the industry that has long viewed itself as the pinnacle of german engineering about to crash and burn it sure seems the road ahead has become the steeper and the turns sharper. The whole world loves german cars demand is strong sales are breaking records despite a string of earlier scandals the bosses look pleased with themselves the government has been generally supportive. Of you for pollution we require porsche to recall this vehicle. Because and inadmiss