Considers a further delay on china tariffs. Shares and micron despite the ban. H2os liquidity problem. Woes deepen as more than 5. 6 billion euros of assets evaporate. The money manager says outflows have slowed since monday. Manus its daybreak europe. Welcome to the show. It is rocking higher, oil that is. A war of words from the white house to iran. You have inventories being squeezed aggressively. Up 10 in the past five trading sessions. The driving season is on. Theres a number of calls out there. City is saying if theres an escalation to conflict, adding another 10 to this price. Versus bank of america which is wrong, thet all goes chinese go to devalue the yuan, the chinese will buy oil from iran. You will see implosion in price. Down by 50 . Thats your risk. Lets look at the rest of the market. Bullard said the timing was right for an insurance cut. The market was essentially disappointed that powell did not go further in his rhetoric. He warned on the downside on the economy. L
Independence day in a few minutes. I am not the only one looking to get out of town for the week. In fact, you can see that in your main travel times this morning. There are a lot of people headed no work at 4 31. Look at this in the yellow at alta mont pass. 24 minutes heading through the or out of tracy triangle. 14 minutes on east shore freeway to. Get there, thats 25 minute ride and 37 minutes easy as you head out of the south bay this morning. Off to the san mateo bridge where theres no problems in the westbound commute direction. You have company but not a whole lot. Eastbound is looking good as well. Now off to the bay bridge in the cash lanes we are seeing some traffic and backup but in the fast track lanes you are good to go. Metering lights are not on. Headlights moving quickly on the east shore freeway. Ve livcturesnasa launching the oryeien spacecraft that happened an halfhour ago at Cape Canaveral air force station in florida. They sent it up a on a formerballistic missile
And businesses, it is blamed for 16 deaths in puerto rico. Killedt 22 people were and Dozens Injured after a stampede on a crowded pedestrian railwayonnecting to stations in mumbai. Police are investigating what caused the stampede which led some commuters to leap over the railing. Others were crushed or phil and were trampled. European commissioner john klug junker saidde [inaudible] global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Julie live from bloomberg headquarters in new york. We are 30 minutes from the close of trading. Is what youstion miss . Breaking news moments ago. President trump says he will in twofed chair decision to three weeks this after reports he met with Jerome Powell and kevin marsh. The rest of europe will be watching how he independent vote shakes out. The world could have a new fed chair nominee in two to three President Trump has been interviewing candidates inclu
Opening day blues with the public defender say say its a massive failure on multiple ends. Reporter presiding judge Morris Jacobson said that incustody arraignments may have remained in oakland in the jailhoused more local prisoners. He says most of the beds there are reserved for federal prisoners. Vic lee, abc 7 news. What is the presiding judge mean when he says they house federal prisoners and not local prisoners. Can you explain that . Reporter yeah, the presiding judge is saying that at the north county jail, which is the oakland jail that the Sheriffs Office is leasing, that the Sheriffs Office is leasing most of the beds to the federal government for federal inmates because they want to balance their budget. The judge says that if they were to reverse that and put more of the local prisoners in the north county jail, the oakland jail they may have maintained the arraignments at that jail for north county prisoners. It makes more sense to arraign them here. All right. Vic lee re
Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. Good morning to you from me as well. Throwback thursday, throwing it back with a winter theme. We still have about a week to go until the official first day of winter. Really . Its cold enough. We havent got winter yet . Welcome. Good god. Welcome to new york city. We saw a selloff yesterday postfed for stocks. First triple digit decline for the dow since the election the worst day for stocks since october, even though they were down less than a percent. Just a strong few weeks for the stock market. Looks like things are back on a firmer note. Dow futures up 47. S p 500 futures down more than 4. 5 up, excuse me. We saw the bond selloff resume and pick up on the twoyear. Also on the tenyear. 2. 6. Were heading towards a close that would be the highest since back in september of 2014. Twoyear yield sharply higher, biggest reaction in the currency market where the dollar raced higher after not just the f