Price of gasoline increased. But prices may not be on the feds magic number just yet. Vice chair Stanley Fisher warned that its too low. Its too low now. I never thought i would live as a central banker to see us complaining about low inflation. And yeah we are complaining about low inflation. We need to get it to 2 . And the closely followed barometer of the Housing Market came above estimates. Construction of new homes jumped 10 in may but all of it was in the multifamily apartment side. Single Home Building has been been limping along. There is demand but as diana olick reports, they are up against a major absta. Kaylee reporter in allen, texas, this man would like to be building more Single Family homes. But he cant. There is not a great probability of increasing our production right now. There are not enough men to make up the slabs. Theres not enough worker to pour the slab. After the slabs are done theres not enough framers, theres not enough masons. There is a shortage of vende
Stock exchange. It was a tough day, deirdre. The dow was down 128 points, the s p down 12, the nasdaq down 48 points. Longest losing streak basically all year in. And testing the moving day average closing at 12 im sorry 2067. So really watch that s p breaks before that selling here in the pickup in the future sessions. To the investor taking a cue from china, the shanghai index if he will 8. 5 overnight, china couldnt support a stock market, not without a Ripple Effect around the world. We saw oil prices come down because of that and the Energy Sectors were the weakest in the session today. A lot of household names with exposure to china. Apple share is down 1. 3 . Yum1. 3 . And each have Significant Properties there so we saw shares in those companies down as well. You look at some of the energy losers. Again, energy among some of the weakest sectors in energy. Down 3. 3 as a whole. Youve got a new low for phillips, that was 2. 7 decline. So this is where we are right now. Earnings w
The ninth day. Ng a gauge is having a tenday stretch. All of these currencies, sterling is rising against the dollar. Commodities are your final. Take a look at the difference between a article and spains 10 year yield. Followup from the referendum in catalonia has highlighted the performance between the two neighbors. Security upgrades are in a fitting from last weeks upgrade from Standard Poors area Standard Poors. That is a fascinating chart, keep an eye on that is the week progresses. We have some Construction Data in the u. K. , shrinking for the first time in more than a year in september. Frexit is weighing on manufacturing. Sinces the weakest level the aftermath of the referendum last year, weaker than economist estimated, that means it is contracting. Business optimism last month fell off according to the survey which highlights how brexit uncertainty is affecting investment decisions. This could have a bearing on boe officials who are signaling course for a rate increase, as
Are expected to rise as storms, floods, wildfires and droughts become more frequent in coming years. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. This is bloomberg, Bloomberg Technology is next. Emily i am emily chang and this is Bloomberg Technology. The iphone x hits preorder markets this friday, but there may not be enough models to go around by christmas. Why shipments are reportedly cut and the potential implications for apples bottom line. Airbnbs unexpected vacancy. The china ceo walks away after just four months of the helm. What it means for the home sharers future in beijing. And the first steps to increase advertising accountability begins on capitol hill. First, with the release of the iphone x around the corner, nikkei reporting initial shipments expected to total 20 Million Units of iphones this year. Originally they forecasted 40 million. Apple has struggled to fix a lead screen, 3d sensors
Napa and American Canyon take your pick. Bodega bay, a cool 48. Not as much of a breeze. It may pick up later. Even out in the delta its quiet. The system that went through yesterday set the stage for what is turning out to be a cool pattern. Today we maybe a couple degrees warmer because of the loss of cloud cover. 50s, 60s, upper 60s and a few low 70s. Nothing scary about that forecast. That is a good forecast. Nothing scary about the traffic either. So far, anyway. This is a look at the tracy commute. Traffic is moving along well. The tracy super commute, 205, 580, looks good out to the main part of a livermore. No major issues as you drive into dublin and over to castro valley. This is a look at 880, oracle arena where the warriors won last night. Traffic is moving well in both directions. This is a look at westbound bay bridge. Traffic here is light. Lets go back to the desk. The investigation of a deadly shooting last night in antioch continues. One man is dead. Just after 8 pm,