And apple and amazon lead afterhours gains after the iphone maker beats expectations and the ecommerce giant beats record profits. And sony reports its best ever Third Quarter profit and forecasts a full record year the results come as the ceo, kazuo hirai announces hes stepping down. Welcome. Lets look at these markets. The stoxx 600 is on the defensive, sliding by 0. 7 as you would expect, after the deutsche numbers, the banks are leading the losses here over in europe lets take you through Deutsche Bank very quickly. Posting a net loss of 2. 2 billion euros for the Fourth Quarter. Much worse than expected the yearend number was really the issue here almost a a500 million euro loss. The third consecutive loss for Deutsche Bank. Lets look at individual european markets, this is how they look. Broadly weaker as you would expect xetra dax is off by 1 cac off by almost 1 the ftse mib down by 160 points. The ftse 100 in terms of the overall picture is doing reasonably well. So the loss is
By 15 points lets look at overnight in asia. The nikkei going strong closing at the highest level since 1996. A gain of 132 points that puts the nikkei at 20,823 hang seng was up by 0. 6 pfr . The shanghai was up by a quarter percentage point in europe, you will see that at least in the early going things have been mixed. These are modest moves in spain, stocks are under pressure down by 0. 9 this is coming as some concerns arise in catalonia. Well talk more about that in a moment we have news just out from the National Federation of independent business, showing Small Business sentiment dropping in september. The nfibs monthly index dropped to 103 for the month, that compares to 105. 3 in august. The group saying the immediate temptation is to blame the hurricanes in tex and florida but adds this is not case with Small Business owners across the country becoming measurably less enthusiastic but also points out the index is high by historical standards. Also in energy news, opec secret
And the spanish bond market, 1. 67 is how you print on the 10 year and a good rally in the ibex up 1. 5 . Highlighted dollaryen because japanese stocks are at the highest level since 1996. Crude i wanted to highlight as well, up 4 10 of 1 . They boosted Oil Demand Estimates as the Global Economy we hear that from all of the Major Players in the oil space. They do see less call on their crude. Actually, sequentially higher their crude, 32 Million Barrels this year, 33 Million Barrels next year. David it is time for the morning brief. We will hear from imf managing director Christine Lagarde speaking at the annual Membership Meeting of the institute of International Finance at 10 00 a. M. Then we will get minutes from the federal open Market Committee meeting at 2 00. At 2 40 we will hear from San Francisco fed president john williams, speaking in salt lake city. President trump will go to harrisburg, pennsylvania today to address tax reform at 5 45 eastern time. There is news in europe.
Frame. I pulled it out to make sure i wasnt seeing things, spots as it were. I noticed the edge code indicated that they were coded color. To me, that would be image of color being seen in the frame. But they werent. 20s,ere early 30s, late and i did some research to discover that coded color film was an early precursor to kodachrome film. The design of these films, the mechanics of the film, the lines that i will looking at were little tiny microscopic lenses that would trap the color when filmed through a camera with the lens with a filter, red green blue filter developed and read projected read projected through the projector. Eye, it looked like a black and white film with odd stripes. How hard was it to get projected and colored . Do you have the technology lying around . We dont. Several years ago, i had seen in an exhibit in oklahoma, a coded kodacooded color lor projector. Whoever owned the camera wouldnt let us run our film through their projector with the age of these items a
Carry them over to today. I dont see much change. A good area of low pressure which has been firing up the thunderstorms. And 60s, 70s and 80s. San francisco, 68 57. What is average . 67 55. So youre right about there. 89 in 1995, the record high. Plenty of low clouds making a strong push. I mean, this is the biggest fog bank we have seen in a while. Watch it in the afternoon. It doesnt happen in the morning. It happens in the afternoon. Now, the Bigger Picture is up in the northern mountains, northeast california and also over the sierra where there are big boomers erupting there. One low kicks out and another one is dropping in there. I think the pattern stays stock, really. 58 in livermore. 58, Half Moon Bay. 59 in san rafael. 59 in in walnut creek. 50s and 60s. Everybody is very close. Orinda is 57. A big fog bank up and down the coast. That will keep temperatures near average on the coast and the bay. And inland temps will be a little below average. 60s, 70s and 80s unless youre w