Ill have a complete update on Hurricane Irma coming up as we head to mike now. Not a major concern for the rest of the world. I know you said youll bring more updates on irma. Here to the rest of the bay, a smooth drive. The nimitz freeway, we have one issue in oakland. One lane is still blocked. Folks are slowing down as well as getting into downtown. Toward the bay bridge other than that is not a major problem. Traffic flows well. Head through town. Back to you. Thank you, mike. Just hours ago Hurricane Irma was down graded to a category 4. Irma is still expected to devastate florida which is directly in its path. Nbc news has confirmed at least 12 deaths throughout the islands including six in u. S. Territories. As that storm races towards florida we have team coverage. Kari is tracking irmas path. And rick boone talking about bay area teams heading out to help. Set the scene there for us. It looks beautiful right now. Reporter its a Beautiful Day here in miami. Not a cloud in the s
Alix lets take a look at that. Yields have lost 13 basis points this week. The dollaryen as well, the lowest level since november. Of gold is getting a bit it, up five dollars. Copper is getting hit along with other base metals. Of there is not enough to impact weaker dollar. Up, we getng secondquarter results from kroger. We will spot talk to the cfo. President will be speaking on consumer finance. Right now, lets get enough date on the business world. Taylor the hurricane weakened overnight. It is still on a collision course with florida. It will bring potentially deadly storm surges. It has been downgraded to a category 4. Has triggered a record evacuation from the miami area. Could become the most expensive Natural Disaster in u. S. History. It is already tattered small caribbean islands. A major mexican earthquake has killed at least 15 people. It hit near the border with guatemala. President called it the biggest mexican earthquake in a century. In israel, the wife of Benjamin Ne
Because we have a possible Missile Launch and Hurricane Irma. Taylor all of my eyes are on people in florida. Not a lot of movement here. I would look at the nasdaq in particular, you are seeing quite a few games,. 4 . I would imagine that is more followup yesterday, comcast 150,002nywhere from 200,000 people cutting the cord. Major sectors in the nasdaq, the Energy Sector bringing down the nasdaq. I want to look at oil. Look at this screen. Oil down more than 3 , starting to see that capacity come back online as you are reducing the pressure on demand. That is bringing some of those prices down. Range resources down 10 as a Goldman Sachs analyst downgraded that stock. We are also looking at some of the insurance and banking theirs. Im looking at insurance because it looks to be bouncing back a little bit worried if there is any good news coming out of Hurricane Irma, it was downgraded to a category four versus a category five. That means wind is 150 miles per hour. Perhaps if there is
When you are doing your christmas shopping, we could be in another crisis. Matt their recovery from harvey begins as irma barrels towards the u. S. Mainland. Weve not had backtoback hurricanes like this. I would expect there to be some labor inflationary of fact. We dont have any choice. We have got to buy those houses. We are going to have a ton of money coming here very soon directed at rebuild efforts. Matt plus, the weeks top interviews put pandemonium into perspective. The market is beginning to have second thoughts. There is anxiety. There should anxiety. We are going to continue to go and speak up no matter who is in charge. Matt it is all straight ahead on bloomberg best. Matt hello, and welcome. I am matt miller. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. The week began on what has become a familiar note on reports of a north Korean Nuclear test putting the rest of the wor
Trade center for a ceremony that began with a moment of silence and reading of the names of the more than 3000 people killed. News 24 hours a day. I am in the chandra. This is bloomberg. Bloomberg technology is next. Emily i am emily chang in this is Bloomberg Technology. Cupertino hits reset. We will discuss the latest phones on tap and other products to be unveiled in just 24 hours. The fallout deepens after one of the biggest data breaches in u. S. History. We break down the ongoing Disaster Management at equifax and the new rules being drawn up for better corporate transparency. Has added thousands of items to its website causing a surge in online sales. The countdown to apples biggest event in years. Worth 800ant now billion is expected to unveil three new iphones on tuesday, including a Premium Model called the iphone x that carries a price tag of 1000. The publicity is a reminder of how much the Company Relies on the iconic gadget which still represents about 62 of sales. We wil