Experience for hundreds of campers who got trapped by an outofcontrol fire in california. The creek fire has burned more than 73,000 acres since friday evening in the Sierra National forest. The only road out of a popular Recreation Area threatening the lives of more than 200 people. Military helicopters got there in time, taking everyone to safety. Cbs news spoke to one man who says he barely escaped. Were all in the water and we just we keep going down into the water to protect us from the embers. Some of the embers the size of golf balls. Winds blowing 40, 50, 60 mileperhour in some cases, some of the gusts. We keep going under and under and under. In my mind im going, are we going to die from the fire or from drowning . 20 people had injuries ranging from burns to broken bones. More coming up ahead on cbs this morning. A gender reveal party is to blame for a wildfire east of los angeles. Cal fire authorities said the el do fra generating pyrotechnic device used during the party. So
World headquarters in new york. The other big news we are hearing from sources telling bloomberg that President Trump has signed off on that trade deal, phase one with china, and also avoiding that 160 billion of chinese goods being given more tariffs. The plan was for this sunday, the deal could include agricultural goods, purchases from china, not to mention perhaps those existing tariffs also being lifted. Thats get the Market Reaction right away because japan and south korea are coming online. David ingles is in hong kong. What are you seeing . David if you took that and went long in the cash market on sterling or any of these as well, certainly, 13 514 whats your session high on cable. One thing to note on this as 2 wouldthing beyond make this the biggest drop since 2009 so these are quite substantial moves you are seeing. Lets flip the boards and have a look at the open across the region right now. Overall, asia is back to the highest level since august of 2018. I am guessing wit
Fireworks on capitol hill, democrats delayed Impeachment Vote, mornings with maria begins right now. Maria health big show this morning, joining the conversation pwc partner Mitch Roschelle and kevin oleary, big show today. Dagen can you keep up, maria bartiromo, americans really turned to the conservative victory in britain last night while there was a dog and pony show happening in washington, d. C. , thats where the energy was, trade on china, trade with canada and mexico, its really been an incredible win. Maria one by one things are getting done before year end, done deal, phase 1 china trade deal, markets are rallying this morning as u. S. And china have announced they reached a trade deal, markets are up 152 points on the dow industrials, here is what we know about this agreement, the agreement calls for china to buy 50 billion in agricultural products, u. S. Reduce tariffs on chinese import, includes measures to improve protection of u. S. Intellectual property as well as preve
A threeday look at futures, dollarchina. You have sterling on the back foot, relative renewed optimism over brexit and you have dollaryen on offer. On the back of this return into the risk appetite. Donald trump making another comment on top of on top of him saying the talks went well about an hour back, he also said the chinese are very nice. That has driven dollarchina up. U. S. Futures, 29. 50 into the open. Look at the equity markets, the shanghai composite, topix index, decenthave asx session, volumes coming back but not quite to the recent averages. Quickly, look at the bond market. Will talk about a reposition out of sri lanka but that is what you need to know. You haveear yield, japan, australia, the u. S. , and what youve seen in gilts. 13 basis points, secondbiggest in absolute value, biggest jump since referendum in percentage turns, biggest jump on record. We will see if this continues. Are we setting ourselves up for disappointment . Puttinghway to brexit, yield on a stair
If we get a currency pact, maybe we see a weaker dollar. Time now for global exchange. We bring you todays market moving news from all around the world. From hong kong to london to washington, this mornings top stories. We start off with china. After decades of waiting, china is setting out a timetable to remove its Foreign Ownership cap on financial firms. On the phone from hong kong is bloombergs enda curran. What does this actually mean . To wind is a roadmap they can fully take over their operation in china. Theyve been pushing for this for years. It will begin next year. Its just the latest step on chinas part to attract more foreign capital into its Financial Markets, to buy more stocks and bonds, and that is a good thing for their companies. The timing is hardly coming to dental, coming in the background is hardly coincidental, coming in the background of trade talks. It remains to be seen whether and how quickly these approvals are granted to foreign firms. Alix now i want to t