Shanghai composite was down by three quarters of a percentage point. In europe, some early trading there, at this hour the bulls have their way the dax is up by 0. 6 . The cac is up almost by 1 the ftse up by 0. 4 . If you look at crude oil prices, crude was up yesterday settled above 46, this morning at 45. 87 big developing story. Londons fire commissioner says theres been a flub of fatalities in a fire that broke out overnight in a high rise apartment. Fire fighters still working to put out that blaze which quickly engulfed the 27Story Building in london. Londons mayor says question also have to be answered over the safety of those towers some residents in the building say they had been advised to stay inside in the event of a fire in another part of the building so no smoke alarms or sprinkler systems set up the fire took place on the fourth floor and spread rapidly. Someone wanted to close it down years ago this building yeah. I immediately its a fire at this point with everything
Thank you very much im going to turn it im going to turn it back over to the alexandria chief. Thank you, chief. Were not not folk, were not going to answer any questions at this point, because as the chief pointed out this is an active, Ongoing Investigation. We call the crime scene hot because were collecting information and evidence and it would be premature for us to respond any further in an hour and a half well come back together and give you an update on what we can speak to and perhaps give you answers to some questions. But chief, any indication were done right now. Any other shooters this is a stable situation, theres no additional threat we consider this to be about closed incident under investigation. Thank you very much. Well be back in an hour and half. That was Michael Brown there we continue to monitor this breaking news out of alexandria, virginia, this morning if youre just joining us, a gunman opening fire on a gop congressional baseball practice around 7 15 this mor
More after the president announced the assailant had died, Pete Williams reporting the assailant, james hodgkinson, age 66 with an illinois drivers license, died about an hour ago. Pete williams reporting it was unclear if police were able to speak with the suspect en route to the hospital. There were five people here that were transferred to a hospital earlier this morning the shooter opened fire at 7 09 a. M. It took three minutes before both Capitol Police and members of the Alexandria Police and Fire Department to respond and get it under control residents here say it sounded like construction. It sounded like fireworks in the beginning, but then it became very clear it was a fire fight to use the words of people in this area. Many of them called 911 and the response was very, very quick to that the president when he spoke a few moments ago urged a message of unity in the wake of this moments events. Take a listen to what the president said this morning. We can all agree that we ar
Level thats needed to provide for new entrants in the labor market, we do have a strengthening economy. With policy accommodative all youre doing in raising rates is removing a bit of accommodation heading toward a neutral pace. And i see that is appropriate. Were not moving so aggressively as to put a break on continued improvement in the labor market. But i think that thats a prudent move to move in a gradual way with unemployment now. And not only the Unemployment Rate, but i think any indicator of labor Market Performance and tightness that you could look at whether its household perceptions of the availability of jobs, difficulty that firms report in hiring workers, the rate at which workers are quitting their jobs, the rate of job openings all of these indicators do signal a tight labor market. Now, with inflation below 2 , i think its appropriate that the labor market be that tight but on the other hand, i think we want to avoid the risk. We want to keep the expansion on sustain
Lower. The Federal Reserve moving to normalize hiking rates a second time this year and unveiling the plan to trim its Balance Sheet, 4 4. 5 trillion there, despite another soft inflation reading. We do have a strengthening economy with policy accommodative, all that were doing in raising rates is moving removing a bit of accommodation heading to a neutral pace china seas Foreign Investment falling for a second straight month this as questions around anbang. And in a stunning turning point in the russia probe, the u. S. Special counsel, robert mueller, reportedly opens an investigation into whether President Trump tried to obstruct justice i kid you not, an hour and 15 minutes ago, we were saying where will we see movement look, an hour and 15 minutes later, an hour into trading we have a decentsized decline on other hands. Down 0. 6 on the euro stoxx 600 at the moment. We should go straight in and look at which countries are being affected the most in terms of this down tick. We have