We were looking at here is we turned south just a little heading back toward kenwood. You can hear the fire trucks going up and down highway 12. That is because this area started flaring up. This is a main concern the firefighters are dealing with. The reason why, there is a Communications Repeater right at the top of that ridgeline, that right that white box at the top of the ridge is essential for radio communication. They have been making drops on that. We will talk more about that incident coming up tonight at 6 30 pm. Back to you. We will see you later in the show. The fire has been keeping fire crews busy to the southeast on the outskirts of sonoma were flames came within 1. 5 miles of the citys Historic Downtown and threatened the oldest winery, buena vista. Several more homes along that road have burned. Reporter thats right. A tough day for some sonoma homeowners. This is one of the houses that was burned down earlier today. Next with there is another house on the next propert
There was fighting amongst Government Troops and kurdish forces. A came as the International Agency warned that geopolitical tensions could disrupt the rebalancing of oil markets, which would otherwise happen next year. Here is our exclusive interview with the iea executive director. Very strong growth for oil them and this year, 1. 6 Million Barrels per day is strong growth. Also next year, we see 1. 4 Million Barrels per day. Expects of supply, we the United States, canada, a decent amount of oil in the market. The producers decide in november this year, to understand the dynamics for the next year. If they continue with their policies, we expect sometime a levelr, we may see lysing of the markets. Of course, this is not taking into consideration geopolitical developments that might change the picture significantly good significantly. Indeed. Even on record lately saying you are not seeing rebalancing taking place just yet. And opec representative says it is already underway. Why are
Highs as exports from Northern Iraq fell amid fighting between kurdishnt troops and forces. It came as the agency warned geopolitical tensions could affect the rebalancing of oil markets. Heres our exclusive interview. What we see in terms of demand, very strong growth of oil demand this year. About 1. 6 Million Barrels per day strong growth. We see 1. 4ear, Million Barrels per day. Again, strong demand. In terms of supply, we expect the United States, canada, a decent amount of oil to the market. It will depend on what the producers will decide in november of this year to understand the dynamics for next year. If they continue with their tolicies, we expect nex year will will see a rebalancing of the markets. Effect not taking into some geopolitical developments. Yousef you have been on record saying you are not seeing rebalancing taking lace just yet. The opec secretarygeneral says it is already happening and is underway. Why the divorce in this thinking . Underway but we still have
The two things we are focused on , the middle cap middleclass give a tax cut, and it the Corporate Tax rate is as low as we can get it. Senate finance will consider plan next week while the house bill will go to the floor for debate. Consumer confidence in the u. S. Stayed high. The Consumer Fund act stayed in afidence was range that is close to a 16 year high. Talks have resumed. Both sides are hoping to agreement by the end of the year. Wants to get a deal quickly to move on to negotiations on trade. Global news 24 hours a day powered by 2700 journalists and analysts in 120 countries. This is bloomberg. Julia live from bloomberg headquarters in new york, im julia chesley. Fu, im scarlet joe im joe weisenthal. Whatd you miss . Meanwhile the house ways and Means Committee has advanced its tax plan. Paid in highyield and spreading after disappointing earnings, aakness and telecom justify rollback. We will bring you the numbers and instant analysis. Whatd you miss . And are to tax reform
Reference to the improvement we have seen in the labor market from just the past several months to the beginning of the year. They have done this before especially as they are winding down the bond program. If it does not satisfy what theyre looking for, they will extend the time and looking for and since the beginning, the labor was great here and we will raise rates and continue to do so. We continue to shout out to someone 18 months ago. That was your colleague. 18 to 24 months ago, they move around a little bit, but the slow growth environment in retail sales, is there any a 3 gdp out there for Morgan Stanley . Coming from the trump administration, you will have to take at least half of one percentage off here that remains to be seen. One thing we know for certain is Michael Mckee is a low Interest Rate person. A followup question to the chair bordered on route and i couldnt believe you said it. Translate that rest. What is a low Interest Rate person . Were donald trump was coming