Big bucks it will be a long day. I just bring it up now. We look at mitigation strategies and i dont know that there might be something even at this stage in terms of what we are building or finishing we can say my gosh if we 800 foot trains lets not get carried away at the end. We havent. We havent built a extension. The end is beale street, not main. That is the next stage. It in the environmental agreement. Even within the building we have much more than we need on a 800 train. We have a little more. Cal train committed to 8 car trains. They are going to 6 right now and it wont be long before they get to 8. Cal trains, how long is a 8 car cal train . I dont remember the exact number. It is a lot[inaudible] theprint stations. I see they alreadyit is it will be a while it will take 10 years or so, unlessif there is a big push on ridership, you can always put trains in, you just use different parts of the train with the stations. Yeah. It is done all over. Okay, just wondered how we we
Well but they are not doing much for stocks. Not seeing a big decline. One would think, a b that is because it is bringing forward when the fed might raise rates but we are not seeing bond yields rise or the u. S. Dollar. Take a look at the bloomberg map. We have Energy Shares trading higher, Consumer Staples lower. A Diverse Group of groups doing poorly today although it seems like there is a little bit of a rotation out of the defensives. Within the Consumer Staples, have kraft heinz pulling back today. It does not look like a specific catalyst that is driving them lower. In terms of the dow loggers we have cocacola and then we have been talking a lot about the home depot. They said the First Quarter would likely be the high point for the year in terms of sales growth. It is off from january to february and february to march, slowing sales growth. That appears to be behind what we see in the selloffs. Scarlet and a bright spots . It looks like energy is the bright spot that it is not
Europes largely flat, same for the 10year as revised q2 gdp is largely in line. It is all about the fed today. Janet yellen speaking in jackson hole. 10 00 a. M. Eastern time. And right here, you will hear from former fed governors randy crosser in, fred mishkin and former and current vice chair of the Federal Reserve Stanley Fischer at 11 00 a. M. Eastern time in reaction to Janet Yellens speech. To our man on the ground Steve Liesman, good morning, steve. Cant get over the dress. The clothes. Thats all right. Its were waiting at about an hour now less than an hour now for Janet Yellens much anticipated speech, but in the meantime weve had really interesting fed speak this morning right here on cnbc. Most of the fed folks were talking to see rates going up. Not willing to be necessarily nailed down to a timetable but Loretta Mester did say just about a half hour ago, that she sees the u. S. Economy improving enough for the fed to raise rates. I think well have some strengthening in th
Reporter john kerry says isil is responsible for crimes against humanity. The United Nations says it is still unable to deliver aid to six regions in syria where people are starving. [ shouting ] and the South African president is shouted down in parliament while answering questions about his links to a powerful family. Our top story this hour to brazil where the lower house of congress has decided to begin impeachment proceedings against the president. Rousseff spoke at the swearingin ceremony for the former president just in the past couple of hours. She has added him to her cabinet. The allegations are that she made the appointment to keep him safe from prosecution. He is facing various state charges in a separate case. Joining us now on skype from sao paulo is the worker with a latin america bureau, a nongovernmental news outlet. Rousseff what is she up to . Reporter dilma is fighting for her life. Because if they impose impeachment proceedings, then she is gone. But she is also fa
Im glad you found a little smile because its International Happiness day. Happy friday. A little friction in the first ten minutes. We had a fight over the twitter question, which is still to come. But you must get involved. A loving fight. We havent worked out what the twitter question is yet. Anyway, back in the black. The dow positive on the year. Extraordinary turnaround when you think about where we were a couple weeks ago. Blue chip index on track for its best quarterly comeback since the end of the great depression. A weaker dollar and stronger oil helping to propel stocks this week. U. S. Ek wiquity futures right n lets take a look. They were broadly flat earlier. The s p and nasdaq called open by a small amount. The dow similarly called open but only by 25 points into positive territory. A big reason for the stunning turnaround in stocks, the correlations with other assets. Lets show you the price of oil right now. Wti topping 40 a barrel for the First Time Since december 7th,