Later, bill orilely is officially out at fox. First, the crude plush oil having its worst day, settling down nearly 4 . Gas inventories in the u. S. Jumped for the first time in two months, sparking demand worries. Energy stocks by far and away the worst performance sector, following the commodity lower. When crude turned lower, the markets went along with this. Lets put this in context. You stalled tax agenda, falling oil. Its a bad earnings reaction. In fact, ibm the worst performer on the dow, on its earnings today. So the perfect storm brooi brewing for stocks. Steve, what do you say . When you look at crude, you look at the prism of the 50 mark. The stocks, the actual commodity. But i have been negative on krudz and crude stocks, feeling at the saudi aramco potential ipo has been a real setup. Its the biggest head fake for me. Because every analyst, every buy side is looking to get a piece of it. Every sell side is looking to buy into that event. Its setting up literally for a per
Region. Three days of fairly solid gains wednesday through friday. Lots of people lots of data released this morning. Machine orders fell just over 9 . In japan, forecasts were for a 12 drop. Inflation out of china roughly unchanged. Oil, open the above 40. So, the last 10 minutes or about 40. 20 10. 42. 18. Go with brent, let me wrap things up with the japanese yen, the main talking point across markets. 33. Ing high was 108 wheres a twoyear look at we are. Your police in my trickle. Eerily symmetrical. 17118. Te is 17 rishaad the yen has hit a new intraday low. The longest winning streak since before abenomics was implemented. It is confusing and confounding a lot of currency strategists. We should be looking at this, some say, the way of bond investor would. Economic fundamentals of japan do not lend itself to the idea of currency strength. Concerns, volatility Economic Data better than expected. We are looking at the bond market. We are looking at how u. S. Bond yields compared. Af
About 100 people spent the night on the second floor of a supermarket. Employees say the floodwater rose to two meters inside the store. They were rescued by helicopters and boats. Theres now about 2,000 selfdefense force personnel, police and firefighters dispatched to the area. Theyre being assisted by 40 choppers. Translator i couldnt go anywhere. I was so isolated. Torrential rainfall also caused damage in neighboring Tochigi Prefecture. A landslide in ckanuma city crushed several homes. Another man who fell into a storm drain was rescued but is still unconscious. The active rain band had moved further north. Japan Meteorological Agency has issued an emergency warning due to record rainfall in miyagi prefecture. Translator a strong rainfall reached a level not previously experienced in miyagi prefecture. Were treating it like a state of emergency. A river in taiwa town overflowed its banks. People are stranded inside. Many cities and towns have issued evacuation orders and advisori
About 100 people spent the night on the second floor of a supermarket. Employees say the floodwater rose to two meters inside the store. They were rescued by helicopters and boats. Theres now about 2,000 selfdefense force personnel, police and firefighters dispatched to the area. Theyre being assisted by 40 choppers. Translator i couldnt go anywhere. I was so isolated. Torrential rainfall also caused damage in neighboring Tochigi Prefecture. A landslide in ckanuma city crushed several homes. Another man who fell into a storm drain was rescued but is still unconscious. The active rain band had moved further north. Japan Meteorological Agency has issued an emergency warning due to record rainfall in miyagi prefecture. Translator a strong rainfall reached a level not previously experienced in miyagi prefecture. Were treating it like a state of emergency. A river in taiwa town overflowed its banks. People are stranded inside. Many cities and towns have issued evacuation orders and advisori
Have had to abandon their cars. At least 50 homes across japan have been destroyed or damaged and more than 200 others have been flooded. Local authorities issued evacuation orders or advisories to more than 600,000 people. Airline operators cancelled nearly 80 flights on tuesday. They say theyll stop operating more flights depending on the path of the typhoon. Were joined now from our weather desk. Can you tell us more about this storm . Well, vongfong was the most powerful system for this year so far and its now pulling away from japan and into the pacific but its clear and very apparent. More than 500 millimeters of rainfall in western locations of japan and 143 kilometer per hour guests when it made land falls. It made three landfalls. Its now pulling away as i mentioned but it still has potential of gusts up to 145 Kilometers Per Hour and its still a large system. S also going to be providing 120 millimeters of rainfall as well as 80 around and it could lead to further flooding si