Lets kick off with first word news, with mark crumpton. Mark an encouraging sign for texas, as it struggles to return to normalcy. Hasus christi ship channel reopened, after being shut down nearly a week. Port Officials Say the reopening is a step toward resuming operations at seven refineries, and transporting that fuels to market. The channel was closed when harvey slammed into Corpus Christi last week. Are inan 1500 people louisiana, and officials expect that number to rise as more people are a black evacuated from flooded communities. 1000 people were flown to dallas from a shelter in beaumont, where residents have no drinking trump will visit texas for the second time on saturday. Officials in houston expect most of the floodwaters to receive by late today, or early tomorrow. Gone, theater is rebuilding can start. And of this an estimated 136,000 structures were flooded in harris county. Up 10 sinceces are a gallon after the nations largest refineries shut down due to flooding fro
Today, Hurricane Irma struck with less force. Stocks rising for a fourth day. The dollar is rising. All of these currencies are declining against. We are seeing the dollar, we are seeing a move in bond yields, commodities. Sterling is holding its own against the seemingly unstoppable euro, suggesting investors are finding some value in the uks currency. Sterling concluded a second weekly advance as the common currency strengthened to its years on theo dollar. The moves showed negative trading psychology on the pound is breaking. Best 92 s 92. 67 pence. Now. Pence as of Money Managers saw the value of copper plunge last week by 2. 5 , halting the longest rally in a decade, is consecutive weeks of games. Hedge funds, large speculators increasing their copper long position by. 4 . The short position rose for the first time in six weeks. Copper supplies are tightening. Production shortfalls are overhyped. Goldman sachs has said the metal is 10 above fair value. The price of one of the most
Anna a warm welcome to bloomberg daybreak europe. Manus some cracking guests for you. We have j. P. Morgans asia ceo. Opening up in china. Anna we will bring you an interview with the allianz ceo. We will talk about where you want to put your money. Pimco be heart of the story. Some breaking news. This is the hard luxury watchmaker, diamond maker. Period, 974he Million Euros. That is what we have. Sales came in at 5. 61. Couple look at a couple of different stories. They are trying to grab a hold of their grand again. Operating margin, 20. 8 billion. 20. 8 . When it comes to changes, they went through some serious change last year. The abolition of the chief executive officer position plaster, trying to rejuvenate the board. You had the head of watches, he left. He went to breitling. Coo andjerome as emmanuel to be the head of watch this division. This is trying to have a hold of this business, make sure it is fit for purpose going forward. Lets talk about the steel sector. Arcelormitt
We are expecting this statement from james comey tomorrow. Kevin, lets look through what we have here. This was on the dinner between resident trump President Trump and james comey as kevin the wanted president was asking for his loyalty, and was clearly a conversation and a question that made comey feel uncomfortable. On at some length about this, writing about the way he felt an awkward silences, where he was sitting, and said he could not quite promised loyalty because that was not quite appropriate. Overall, it is a remarkable statement, where it goes through a series of encounters, meetings, and conversations he had with President Trump where you have this theme of james comey feeling at various points of awkwardness and appropriateness going on, immediately so to where he would start document to get in the memos that we now know of. Scarlet lets pull up a section of this memo that he documented here. Here we go. The president began by asking me whether i wanted to say on his fbi
Ecb, comey, and the testimony, and the u. K. Election. Markets are less cautious in yesterday. We are seeing stocks rise for the first day in three. Most of these currencies falling against the dollar today. Sovereign bond yields rising. We will get to lots of corporate news. Opular,er, banco p santander agreeing to buy it for a nominal one euro after regulators determine that the lender was likely to fail. Santander raising about 7 Million Euros for a rights issue to bolster the balance sheet. The lender will require all of the stock shares resulting from the conversion of its imposing losses on the banks shareholders. The ecb will be the big event tomorrow. Today, according to people familiar with the matter, the ecb will cut its inflation forecast. The euro is little changed now. Tomorrow is the big one. This is our wonderful function, telling you everything you need to know about matters of the european union. These are the polls ahead of the election tomorrow. The majority believe