The u. N. Security council says it will begin working immediately on new measures against north korea after pyongyangs claim it tested a Hydrogen Bomb. And an expert shares his insights into how fiscal discipline and immigration issues will shape the european economy in the year ahead. The first week of 2016 has brought extreme volatility to global stock markets. Investors are dealing with concerns over the chinese economy. And with north Koreas Nuclear test. Gene otani on our business desk has been following the developments. Gene. Thanks, james. Shanghai stocks dropped sharply at the open on thursday. And for the second time this week, the fall was so steep that it forced trading to stop completely. That led to severe losses in markets across the asiapacific region. The shanghai composite finished the day only 30 minutes after the open. It tumbled 7 during that time. Closing at 3125. The selloffs were triggered by concerns over the yuan, dropping to a nearly fiveyear low against the
Mean we could be facing icy travel between northern mass and boston 41 and hyannis 43 and north and west of the city and by noon time today, even boston getting in on some of the lighter showers and focused across southern New Hampshire, southern vermont and western massachusetts for good chunk of the day. During evening commute, when we will have the messiest travel weather in place, not good news with heavy rain and fog. 48 to 58 for your range of highs, coolest north and west of boston, warmest to the south and east and heaviest rain to the north and west of boston for planning purposes and southeastern massachusetts and when to plan on thunderstorms easing up a bit. Julie pike slow spot is after you make it through the weston tolls and volume still steady and heavy through brighton. Here are live drive times, 43 minutes on the pike 495 to mass ave, 25 minutes on the expressway braintree split to the pike and 495 to the leverett connector. With less than a week until the primary, ca
All of that and more over the next hour. But let us get radio headlines from carol massar. Carol . A company is lifting its annual forecast. It has been adding more close, lulums guatemala monde aboutw lets also talk and carl icahn. Ichan agreed pursue. And the disclosure of yahoo threatening to find 250,000 a day if it refused to turn over user data. This was under u. S. Surveillance laws. Back over to you. Thanks very much. Security is on heightened alert after we marked the 13th anniversary of the september 11 attacks. A memorial is being held for the nearly 3000 people in new york who died, as well as in pennsylvania and the pentagon. Ray kelly is joining us now. Much fork you very being here and thank you very much for your service. The people when people you wered that involved, they learned that there was more than just being police commissioner. Of a u. N. Ine, head police force, etc. Now than we were on september 12 . Much safer. The threat continues, but we are aware of the t
How about that tenyear note yield . We have eclipsed that 2. 5 number. That occurring yesterday. The dollar has strengthened. A lot of people talking about that, as well. We are going to be keeping a close eye on the markets, talking about what you can expect from here given that selloff yesterday. That move up in the yield, as well, in the ten year. We start with really a stunner in the bond fund world. Legendary Portfolio Manager bill gross leaving pimco, the Investment Firm that he founded to join Janus Capital effective monday. Janus says gross is going to manage a recentlylaunched Global Bond Fund and will be responsible for building out the firms global macrofixed income strategies. For those who may not be familiar with the fund marketplace, janus has always been an equityfocused house. Only recently having started a fixed income product, which i believe has about 12 billion or so in it, having started i think in the spring. This is stunning news. Monumental. In particular the m
Twitter removed video has been removed of the beheading of a journalist by militants. Twitter said this is the latest example of social Media Companies policing user content, a change from open internet policy many have embraced for years. I spoke with courtney radish, david kirkpatrick, and a law professor. I asked if there were any legal issues for social Media Companies policing user posts. The legal point is the First Amendment which guarantees free speech as a fundamental right. Over the years where it has been litigation, mostly focused on fake things, like violent video for children and the like and not so much on what happens in real news. The freedom of speech curtailed mostly on sex but theres a lot less litigation on violence and in recent weeks, we have been flooded with images from around the world. The last series of images we have seen from gaza and the ukraine and all of these raise issues that have not been extensively litigated. Not necessarily illegal or legal . Is t