Morning. Education secretary rick perry calling it a deliberate attack on the Global Economy. Plus oxycontin maker, pharma filing for bankruptcy this morning. First up, though, a series of attacks on two of the Worlds Largest Oil Facilities in the news the u. S. Is rejecting that notion saying the scope and the precision of the attack suggests the launch was made by the houthis but, in fact, originated by iran. Iran calling the claims baseless and unacceptable guys, weve been talking all year long about what it could take to produce a true supply shock. I think theyll come back 5. 7 Million Barrels. Look theres a temporary inability to get permian oil. You can only ship so much. You have one harbor who can handle it, two others. Corpus christi not yet i guess what im saying it cant. Were pumping too much and it does remind you if we had even more pipelines, we could just turn the spigot on its not the Strategic Petroleum reserve. Its the permian. There are a lot of key questions. One,
Time now for the global exchange, where we bring you todays market moving news from around the world. Joining us in singapore is enda caringlynd hong kong, from hong kong, karen leigh from westminster, anna edwards. Trade talks with the u. S. Are expected to resume in early october. Enda curran has more. Da obviously a signal here that talks are going to go ahead. Weve been waiting for some kind of breakthrough, and now weve had a statement from the Commerce Ministry that there was a telephone call that included china vice premier liue h china vice permit or china vice premier liu he. Theres a little less committal on the chinese side, but there is still a healthy dose of skepticism required. A lot of economists say that these two sides have a long way to go before they reach any kind of meaningful deal. Duember, more tariffs are in october and december. We had some commentary from the global times today outlining that both sides are in a deadlock, and it is in both of their interests
But could troubles at tesla spoil the party . In europe, pmi data out this morning for clues on the health of the economy and the ecbs rate path ahead. Plus, the u. K. Governments controversial rwanda deportation bill is finally set to become law. Questions remain over how the policy will work and when the first flights will take off. We are in earnings season, so we bring you the resorts crossing from french automaker renault and upbeat, the first part revenues coming in at 7. 1 billion euros, above the rest of its of 11. 4 3 billion euros. Above the estimates. There has been decent demand for the revamped cleo. We are looking for any lines on the outlook for evs more broadly. Competition from tesla, chinese automakers as well. Beat in terms of fourthquarter revenue for renault. Scf of at least 2. 5 billion. Estimates have been for at least 2. 6 2 billion, so a little below the estimates. First quarter coming in at a modest beat of 11. 71 billion. We will keep on that story for you. I
Observation gray are in a cold bowl there. Ox dental 39. Still a few 30s hanging on and otherwise once we get cranked up sunny for everybody. Systems continue to dig in east of us. And that is why they done produce much moisture but it can be a big wind producer. About 10 minutes. 70s, upper 80s, a few near 90. 5 01, made it through the first hour okay. Good morning to you, traffic is moving along pretty well. If you are driving on many of these roads. Altamont pass slowing on 580 as you drive to 205 and 580 we had an earlier accident. The traffic is still a little bit slow in the area. No problems from livermore to castro valley. Continues to move on well to interstate 880. 580 as well. Preparation for the game. This is a look at westbound bay bridge, can you see traffic is going to be light. 502 back to the test. All right. Sal. We have developing news, a magnitude 6. 0 earthquake centered off the east coast of japan near almost nearly destroyed the power plant which was hit by the 9
Were in upstate new york. I work in under served capital regions of the United States we need desperately more capital to support the entrepreneurs and the innovative ideas that are coming out of places that are outside of new york city, Silicon Valley and boston and we really appreciate the opportunity or i really appreciate the opportunity to have my voice heard today to talk about those things and just want to encourage the administration, anything that you do for Venture Capital will pay off huge dividends because we are the net new job creators in this country and have been for more than three decades. All net new job growth created in the United States is because of investment by Venture Capital. Thank you great job youve done. Good morning, mr. President and mr. Vice president my name is George Matthew im ceo of cespery were an industrial drone manufacturer made in the United States i look forward to showing you how Industrial Work is more easily accomplished with use of a drone