Billy learning a lot about Scottish History len says what a great show alex i was so disappointed that the march in our boat was cancelled to us you really cheered me up and now with us the author of pandemic century dr mark holick sperm to his view of the coming few really this is what he had to say that there is something old about the spars the way it seems to be a very subtle virus a very wily parrs if you think about a good strategy for a virus to spread while worldwide is actually not to make many people sick right in darwinian terms a virus will succeed if it gets stronger controls the best way it can do that is the spread of the radar by not causing overt illness so thats what its doing and today he joins me from west london dr holly. History im interested in particular in the sure the Economic Impact of the pandemic through history do we have something to teach us about the likely economic consequences of this medical and human disaster. Well yes and so if you look to you know
Houston and other parts of texas will worsen in the coming days and then be slow to reseed. Additional 20an inches of rain could fall in the coming days on two of more than 30 on top of rather more than 30 inches, some areas have received. The acting Homeland Security secretary tells bloomberg it is too early to predict cost estimates on the toll of devastation caused by harvey. She outlined in media priorities for the department. No preliminary estimates at this time. At this point, we are doing what the president asked us to do and said people first, and paperwork later. We are looking at searchandrescue. Secretary duke says officials expect floodwaters to peak thursday, at least 30,000 people are in official shelters, thousands more have and displays. Officials released more water from houston was a bars houston reservoirs. Say ancy officials controlled release could cause additional street flooding, but if steps for not taken, rising water levels and rain could cause the dams to br
Cooperation with the Houston Police department and our partners have effected 290 water rescues since midnight last night. Neil all right. Epicenter financially, just sheer breath and scope a incredible storm, houston, texas, that is where you find our jeff flock. What is the latest there in. Reporter neil, here is the problem, we had a break in the rain. Seems things improved. They have releasing water out after couple different reservoirs so they dont compromise the dams. These people have never had flood problems before, but you now think you might be on the edge of a problem . Very much so, actually with the dam releases this is all from the dam releases, because they dont want the dam to breach. This basically has come overnight. We never had water anywhere close to this house. It is very close now. Reporter if they dont release on the dams they may potentially lose the dams and downtown understand. Absolutely understand. It is just scary. Reporter you said you heard they will rel
Fight to see this thing get between 2 and 3 . Manus chinas officials factory gates delivered a surprise jump revealing resilience. Consulting the article. Much harder to find bargains in the markets but stocks are the way to go. You put 100,000 in a 10 year for a form of investment, stocks still look attractive compared to that. Manus you are very welcome to daybreak europe. Anna edwards is out for the day. You are left with me. I am manus cranny. Lets take a look at what is going on with the market. You have had record after record. It is the rest of the market you might want to worry about. Buffett says yes, stocks are the way to go. The u. S. Stock market rally. It was a very small, select the ip crowd that game select vip crowd that gave you the highs. The flashpoint, a pileup in terms of the number of stocks hitting 52week lows this month is rising. The numbers making twoweek looks 52week lows s makingred the number has. Warren buffett saying it is harder to find a bargain. It is
Francine Warren Buffett says equities are less attractive than they were but still beat bonds. And theresa may says she will lead the tories into the next election, but does anyone believe her . This is bloomberg surveillance. Certainly a packed show, packed week actually for an end of august kind of feeling. It has been quite busy in terms of news. This is what im looking at in the markets. Stocks advanced on a rosier picture for the growth outlook. We had pretty good economic figures out of america. The chinese economy seems to be holding steady. The u. S. Administration sent different signals on north korea, which means that a little bit of the nervousness has been taken off. Among all other asset classes, dollar seems to be studying. Lets get straight to the bloomberg first word news. Heres nejra cehic. Nejra Tropical Storm harvey has closed down almost a quarter of u. S. Oil refining capacity, flooding and power failures reduce americas feel making capacity by about 4. 2 Million B