Holiday. Vonnie i cant believe its madyday. Tom we will talk about the Correspondents Dinner next hour. Right now, lets get to the first word news. Vonnie thank you. Puerto rico has escalated the biggest crisis ever any noticeable bond markets the commonwealth will default on the 420 2 million bond payment for its Development Bank which could open the doors for other general obligations. Aol additional 2 billion. U. S. Congress working on a rescue plan. Protesters ended their citizen. They breached the citys heavily fortified green zone to protest corruption and political paralysis. Brussels airport has reopened for the First Time Since the terrorist attack in march where the suicide bombings killed 16 people. Authorities say it should be back in 100 capacity by next month. In southern turkey, a car bomb exploded outside a police station. No one has claimed responsibility. In recent months there have been a number of bombings blamed on kurdish militants are the islamic state. Ns arepol
Continues to climb. Tom that is the backstory and we touch on that today. Lets get to our top friday headlines with vonnie quinn. ,onnie we start right there how events will affect u. S. Economic growth. The fed decided not to raise Interest Rates for the first time in nine years. Janet yellen says most policymakers still expect to raise rates this year, but first they need more convincing on the economy. The committee continues to anticipate that the first increase in the fed funds rate will be appropriate when it has seen some further improvement in the labor market and is reasonably confident that inflation will move back to its 2 objective over the mediumterm. Vonnie futures contract imply a 44 chance the fed will raise rates in december. A flood of refugees has led croatia to close almost all its borders to serbia. In about two days, 30,000 refugees have entered croatia from the serbian side. They turned to croatia after hungary used force to push them away. General motors has agr
I am Francine Lacqua. Manus it comes in just below the number. 53. 7. The Market Survey was for 54 . This is the market Eurozone Services purchasing Managers Index. That is just a shade lower than we had anticipated. Was about 50 . It is still in expansion mode. It is the industrial prowess of germany we are looking for. It has been called into question after we had the vw scandal. We had concerns about china growing. That is why every single piece of data we had is so powerful. Now, glencore shares have sore this morning. We have reports that the commodities giant is talking to potential buyers. Rocked in hong kong and is up over 10 . The company says it is not aware for any reasons for the movement and chairs. The bloomberg chief energy and commodities responder. Up 70 at one stage. Glencore does not know of any reason why this would ramp u p like this. If you look to us 10 days of the Share Performance of glencore, lets not forget we are talking about a 5100 company. They rarely mov
The fed doesnt hike, it means we dont have any real engine of growth for the rest of the world. Tom the locomotive series. He will join us later. Lets get to our top headlines. Heres bonnie. The Usled Coalition reportedly plans to put more pressure on isis in syria. The New York Times says the coalition will start a major offensive in northeast syria. It will include thousands of arab and kurdish forces. It will be backed by allied warplanes. The main stronghold is in the region. Are going doortodoor in South Carolina looking for people who may have been trapped by flooding. The death toll is now seven after days of torrential rain. Many roads are closed. Thousands are without power and up to six more inches of rain could fall today. The verge ofre on completing the largest freetrade deal in a generation. U. S. , japan, and 10 other pacific rim nations are going over final details in the tpp. The agreements could be announced today in atlanta. It deals with everything from tariff reduc
On a stalemate over money. Members of the group are dragging their heels about how much a turkey should get. Turkey is harboring 2 million refugees. Israeli forces are taking security precautions ahead of friday prayers. Police say they will bar most muslim men from praying at a mosque. Israelis and 31 palestinians have died in a series of attacks this month. In southern california, several hundred vehicles are stranded on a freeway after a flash flood caused the massive mudslide. It happened on interstate 5 40 miles north of downtown los angeles. No reports of injuries. It could take 24 hours to clear the road. Months hemp point for was financing his president ial campaign with his own money, but a government filing yesterday revealed it is being paid for mostly by donations. Receivedree he has 3. 75 million. Donald trump these pacs are the biggest disgusting thing you have seen. They are controlling the candidates. I guarantee you these candidates i would say every single one of them