Made the and offload of assets in the united states. We are 30 minutes away from the open in china and hong kong and we are seeing this rally with stocks after the Foundation Day and trade comes back with more optimism overnight and you see the major u. S. Markets back into the positive territory after the selloff we had and we talk about , buturn to volatility there is still a worry about a true recovery. This could just be a shortterm bounce before another low. You have to imagine, based off of that magnitude in the move. You were talking about that and what came to mind is al sunday, they given six inches in front of your face and the numbers will shift to markets, depending on what it is and we saw this and we are coming off of highs with 3 10 of 1 and nobody has really jump and we have the asian we are seeing but it is not gangbusters. Chilled has given a with the extremity of the selloff. Doesnt it always . China. Why it is you can see this running right hong kong time and with t
Live where you live, this is abc 7 news. Here you see theyre lowering someone in a basket. Hundreds of people escape flood waters in houston as Hurricane Harvey just becomes aparpt. We begin with developing news out after texas. The Tropical Storm causing unprecedented city. Tonight, houston is a city. Crisis. Rescue operations continue in the darkness of night. More than 2,000 rescue callses have come in and more rain is expected. We got you. Dont worry. A crew from the abc station in houston stepped in to help as elderly people struggled to get out of their home. You see them lifting a man to safety from his flooded home. Four been reported since harvey hit. Lana has the latest from houston tonight. Reporter rescues tonight in the dark of night here in houston. We get you, dont worry. Reporter di secretaried by roads that are now rivers, americas fourth largest city is in crisis. We need help in fifth ward. We need people here to evacuate people. Get people here now before they die.
And tomasz has the weather. We have been forecasting some rain for today. It is on its way but some of us actually may end up with a pretty bright day. Good morning. First, our main story. North korea appears to have carried out another nuclear test. China and the United States say they have detected tremors consistent with an underground explosion. Hours earlier, north koreas state news agency said the country had built its own Hydrogen Bomb, capable of being mounted on an inter continental Ballistic Missile. There is no independent verification of the claim. Our correstpondent Yogita Limaye is in the south korean capital, seoul. An Emergency National Security Council meeting is under way here in south korea. It is chaired by president moonjae in. Were detected seemed to have been caused by an explosion and that they are man made. That is also what the Chinese Earthquake Administration has said. The United States Geological Survey has also said these tremors have been triggered by an
Rule. It is about geopolitical, the alpha today. Haven assets,e golden yield. 9398 shows the correlation between golden the yen, moving more closely. And the yen, moving more closely. If you think that is suggesting people rushing to haven status, it is roughly down to that when it comes to the next chart, 1861. There we go. 4500, just having come off the top of that, but it has clearly outperformed when we see the treasury bills, gold, and the yen. That is what we have at the moment currently. Haidi absolutely. Cycle ofck into this risk off and what happens over the next you days as that risk receives and investors get back into the market. This First Nuclear test of north korea of the Trump Administration and whether that is a game changer. A risk off but orderly mood so far in this asian session. We are 30 minutes away from the open in china and hong kong. Sophie korean assets in the spotlight. We are seeing whether we will see a recovery halloween this kneejerk reaction, which has
To approve an eu exit payment of up to 50 billion pounds. I am mark barton in london. Plenty of great guess including Raghavan Seetharaman on who joins us in half hour for his first interview of the day. Lets have a check on what is happening to European Equity markets. 5 . Toxx 600 is down by south korea detecting that north korea is continuing to prepare for a possible Intercontinental Ballistic Missile launch, a move that would further raise tensions. Choice is the haven of in the currency market. It is rising against all 10 of its major peers. The dollar down by. 7 . The german tenyear yield is falling by two basis points, down to 36 basis points. High. Ising to an 11 month bloomberg first word news with juliette saly. Juliette market, u. K. Brexit secretary says he dismisses nonsense reports that theresa may approved to pay as much as 50 billion pounds to leave the european union. Brexit talks may fail to move on to trade discussions speculation was dismissed. Resolving the issues