Program walks on two legs, the leg of policies and the legs of debt sustainability. Autos power ahead at the open after european car sales get back into gear with a near 8 rise in may, while the steam comes out of the tech selloff. Nestle loses its sweet tooth as it looks to sell 900 million u. S. Confectionary business in a potentially significant effort to focus on its health strategy, sending the shares higher. Uk chancellor Philip Hammond is arriving in luxembourg. Lets get out to willem. Thats our main dominating theme today, it will remain so over the weekend as bodies are recovered, we start to get a sense of the scale of the tragedy. My presence here today is a sign of other continued engagement with the European Union while were members of the union, its a sign of our commitment to being close partners with the European Union after we left and i can confirm that as we enter negotiations next week, we will do so in a spirit of sincere cooperation, taking a pragmatic approach tr
Good morning. Good morning, everybody. There are some low lying clouds around the region this morning. You can see that on satellite and there may be some sunny breaks early. I do think that once we get past the first several hours of the morning the low clouds start to break up and by this afternoon were expecting partly sunny skies and pretty nice conditions. A bit cool this morning too. 58 degrees in philadelphia. 54 in allentown. 56 in reading. 59 in wilmington. 53 in trenton and 60 degrees in cape may. As we roll through the day, 57 and cool by 7 oclock. And still a fair amount of clouds by 10 oclock. 60 degrees there. But as we roll through the rest of the day we are expecting that transition to partly sunny skies and well wind up with a high of 71 degrees here at 3 oclock this afternoon. So, not a bad afternoon after a somewhat cool cloudy start. Hurricane matthew is down to a category three as it continues to move away from cuba and get set to push into the bahamas later today.
To a lot of cities in the southeast cecily tynan is here with more. Reporter good news for our region but this is a dangerous storm heading to the southeast coast of florida, still a category 3 hurricane. Maximum sustained wins of 120 Miles Per Hour. Its probably undergoing eye wall replacement cycle. There is florida only 400 miles away a huge storm 300 miles across and making a beeline moving northwest at 12 Miles Per Hour. This is the latest track from the National Hurricane center, it does have a category 4 lan fall near Cape Canaveral with maximum sustains winds of 130 Miles Per Hour. It parallels georgia and brushes the coast of South Carolina saturday afternoon as a category 2 hurricane, before it makes a quick hook out to sea. As a category 1 hurricane and perhaps meandering off the southeast coast. Since yesterday we had a major shift in the official track of this hurricane. Yesterday at this time talking about it rolling up the coast and now there is pretty good computer mode
Allison seymour. And im Steve Chenevey. Ste welcome to fox5 news morning. Ori lets get right to it this morning. A large fight overnight inrnht southeast d. C. Left three ment e with stab wounds. Police say it happened in the 2700 block of Martin Luther of king avenue just before 11 00ore last night but investigatorsti were on the scene most of thee o night. All three victims taken to thevt hospital. Ted toree victims expec survive. So far no word on a possible suspect. The dmv gearing up for g metros safe track program. Massive year long yea Maintenance Work plan begins tomorrow night. Fox5s annie yu is live ative a Eastern Market metro stationarks with what you need to know. Annie, good morning. Reporter good morning, allison and steve. Allison thats right, weve been b talking about it for weeks andos weeks now. Weeks its finally happening. It kicks off tomorrow night, o friday where a metro closes at midnight. Local leaders have been have b gearing up for this big day asss well. You
People to switch off smartphones immediately. Hillary clinton cancels a trip to california citing pneumonia. Her departure from the 9 11 commemoration has sparked health concerns. I am manus cranny. Lau in hongangie kong. It is midday. Welcome to Bloomberg Markets. We are taking a look at the markets in the asiapacific. It is really a selloff right now. Manus indeed. What we have got is a real decoupling of risk. Is it the beginning of a taper tantrum . The fed in hype, the bank of england on pause. Really unsettling the markets. Stimulus, the dissent. What you have got is the 30 day correlation at the bottom of your screen between bonds and equities, turning negative. Utilities dropped. The 10 year Government Bond yields spiked higher. You are seeing equity and bonds relationships moving in the same direction. Havesive plays as yields collapsed. Of ar this is a sniff dissent from Central Banks. Angie you can say that again. We are looking at volatility. Here in asia as well. All you h