In recovering bodies, saying he feared the city risked an epidemic of infection from the large number of bodies under the rubble and in the water. The libyan red crescent described the scene as like a bombardment and earthquake at the same time. When the dams collapsed, a wall of water weighing 1. 5 Million Tonnes crashed down the wadi derna river, gouging out huge parts of the city, before reaching the sea. To give you a sense of the power of that tsunami, 20 centimetres of fast moving water, is enough to knock adults off their feet. Here, there was three metres of water sweeping away everything in its path. The human cost is colossal this man hasjust found his son and begs Rescue Workers not to touch him. Desperate scenes repeated again and again, some people have lost 30, 40, 50 members of their extended family. Lets start by hearing from one survivor who describes what he went through. Translation we woke up at around three or 3. 30 in the morning. We heard a large bang. Anyone who
Minded old any time. Check in with a one special. Take a tour of germany fine state. G. W. Dar come. To the table i did. The euros steadied slightly against the u. S. Dollar after a four day hot streak but it is still trading at well over one dollar twenty two we talk to Author National correspondent and france that. Also coming up a diesel day it was yesterday german com makers looked to the future of the north American Auto show in detroit. And luxury watchmakers are up beats about their Business Prospects in twenty eighteen we tell you why. I dont work on tidied up your business i want to get jones in berlin and were starting with a look at currency markets so the euro steadied its rally against the greenback trading at a one u. S. Dollar twenty two or fourteen today after reaching a three year high on monday when it was going for one u. S. Dollar twenty two ninety seven well the euro has gained almost eighteen percent against the greenback since january twenty seventh teen analysts
Conversation on top headlines. Heres Brendan Greeley. Brendan china is stepping up its verbal support for the yuan stemming the currencys worst fall into decades. The Central Bank Held a rare press briefing today. Officials said theres a reason for the depreciation to persist. Plus the bank said it will take action when there is excessive volatility. Concerns a good cause instability in china. There is a surprise from greece this morning, the government says the economy unexpectedly in the Second Quarter. Economists forecasted it would shrink. The economy have been crippled by months of haggling over the bailout. The greek armament is preparing to vote on the new bailout package. New spending cuts and tech hikes tax hikes. The rest of the euro has devote. Former president jimmy carter undergoing treatment for cancer. Mr. Carters of the cancer was discovered during liver surgery and is in multiple locations. He is 90 years old. He says he will release more information as soon as next we
Retailer slashing prices on thousands of items what this could be signaling about the company and its rivals power lunch starts right now im brian sullivan, stocks are mixed this hour but on track for first losing week in three weeks. The dow is the only major average that is higher meantime the u. S. Dollar, the greenback weakening against most of the world major currencies, the dollar index now at its lowest level since january of 2015 kroger beating estimates but the shares getting pounded apparently because of aggressive discounting, chipotle taking another hit. Zumi sext. Soaring, a smaller than expected loss and beating sales estimates. Good afternoon, thank you, brian. Lets get you caught up on Hurricane Irma the white house set to hold a briefing in about 30 minutes from now the latest on the emergency efforts, well carry that briefing live. Meantime the president tweeting, warning everyone in the storms path to be vigilant and heed all recommendations from government officials
Criticizing germany. He says the u. S. Has a massive trade deficit with germany and the germans pay far less than they should for nato. President trump says it is very bad for the u. S. , but it will change. In berlin, indias Prime Minister says his country has made a quantum leap in economic ties with germany. He spoke after meeting with Angela Merkel. He says the two leaders are made for each other. Global news 24 hours a day, powered by more 2600 journalists and analysts in more than 120 countries. I am emma chandra. This is bloomberg. David donald trump called his first foreign trip a home run, but some in europe saw it differently. In europe,ion rally Angela Merkel suggested that europe might not be able to rely on its stead fed you steadfast United States. She returned to that subject today. Ourur chins anemic transatlantic relationship and the statement i made recently is due to the fact that in the face of the present circumstances we have additional reasons for us to realize t