Cash is pouring into this country from all over the world. Its pouring into american treasuries, its pouring into our stock market, safety and growth, thats what we are offering, thats what you are getting. Look what its doing. Its pushing Interest Rates all the way down, 2. 03 on the tenyear treasury. By the way, its so bad in europe now that when you lend to the government there, you dont get it all back. You lend them a million, they will keep 3,000. No wonder its coming over here. Then we have facebook. Looks like the stock of the day. Today they introduce libra, a new Digital Currency. They claim it makes sending money around the world as easy as sending a photo. Its a Payment System with a potential base of 2. 5 billion people buying from 90 million businesses. Investors love it. The stock is up four bucks premarket. This is going to be a very big day in politics and money. Stocks are going straight up and moments from now, a visit from Gary Woodland, the brand new u. S. Open cha
Abcs Natasha Barrett with the latest on the instant systemg us up to speed. Reporter as the sun comes up, it looks peaceful, but i have to tell you in the last hour or so, strong winds and there are strong winds now, rain, thunder and lighten and possible tornado touch downed southwest of houston. Now more than a Million People are waiting to see what Hurricane Harvey has planned. Hurricane harvey roaring on to the gulf coast. The best way i can describe it is a continue can being kicked down the road. Reporter the strongest in the u. S. In more than decade. This is not anything thats going to be are a quick one and done. Were not measuring inches in rain were measuring in feet of rain. Reporter residents of texas, mississippi and louisiana getting hit the hardest. Rockport texas right in its path. Merge crew are having difficulty responding to the damage. We have not been able to get out and see whats happening, but its not looking good. Reporter the mayor advised people to write thei
Through next week showers likely for inauguration not a washout; just showers dry saturday heavy rain sunday into monday 2 possible today partly cloudy. Mild. Highs 5357 winds nw to se 5 mph tonight partly becoming mostly cloudy. Lows 3337 winds se 5 to calm friday cloudy with showers. Best chance of rain 9am to 3pm. Patchy fog low clouds. Highs 4550 winds s 5 to calm breaking right now many people are feared dead. After italy. It happened last night after a series of earthquakes hit the area. At least 22 guests and several Staff Members were at the hotel in the abruzzo region. Two people have been rescued from the site. Weather conditions are making the rescue operation difficult. Crews werent able to reach the area until this morning. Because of heavy snowfall. The countdown to inauguration now done to one. In just 24 hours, donald trump will be sworn in as our nations 45th president. Abc seven is set up just a block away from the inaugural stage, to bring you all the events. Jummy o
A very warm welcome to Worldwide Exchange, im wilfred profit. Along with susan lee sitting in for sara eisen. Good morning. Lets get straight to the markets. Futures why not a decent end to the week. A very strong rally friday as people digested that ecb decision and decided it was positive risk assets. Today, theyre looking at profit taking. The dow by four points, s p by about 5. Nasdaq by 10. Following strong gains on friday, not too much of a correction expected today. A quick look at the tenyear note, interestingly, back close to 2 for the treasury, highlighting that riskon sentiment that weve seen in the last couple of weeks. Good monday morning, lets get to this mornings top stories. The bank of japan beginning its twoday meeting today. A federal decision on wednesday Central Banks in england and switzerland will also meet this week. Other global news, an attack in the turkish capital of ankara leaving 24 dead. Officials say car bomb targeted civilians in a busy bus stop in the
Brent lower by a dollar, back below 40, decline of 2. 6 . More on the markets in a moment. First we kick things off with tensions running high on the campaign trail politics turning violent. This weekend, the fists come at a trump rally in illinois. The gop frontrunner blaming Bernie Sanders backers. Look at that person, that foolish person. All right, get them out of here. Get them out. Send them back to bernie. Send them back. This isnt the first time violence has erupted at a trump event. Watch this attack from just last week. Secret Service Agents had to make their move to protect trump after someone tried to get on the stage. If you see somebody getting ready to throw a tomato, knock the crap out of them, would you, seriously. Just knock the i promise you, i will pay for the legal fees, i promise. I promise. Hot rhetoric on the campaign trail. Tensions rising there. And meantime we have exclusive new data on who wall street wants to see win the white house this november. Steve lie