Live from bloomberg studios here in london, i am anna edwards. Lets remind you what an amazing 24 hours it has been. We still have the Chinese Market falling as we said in our headlines. Lets put that into broader context. U. S. Futures, looking ahead to where we are heading in this. Tory perhaps things looking a little bit more positive as we move towards the morning. This is what the futures tell us at this very early stage. It says what we expect to see in the u. S. Market a little bit later on. Theyre in mind that we saw some stubs some substantial selling, the dow jones closing down by 3. 6 . The s p 500 down by 3. 9 . What a roller coaster ride it has been over the last 24 hours. We saw corrections on the s p. That particular index down by 3. 9 on monday. Andes of 7 over two days at one point in the trading day, down more than 10 from their highs in may. Lets put the trading day in the u. S. In some context for you. What yesterdays session meant. Insaw the measure of stress the m
The euro coming low once again. Phenomenal. We see the euro being seen as a haven. We are currently up almost 5 in the euro. Were choosingthey the euro instead of the pound, the frank, the dollar. Now, we are seeing it take lowered. Lower. O is going meanwhile, commodities recovering ever so slightly. What a selloff we saw. Crude was at 38. 72. Still below the 40 a barrel mark. Nevertheless, a little bit more optimism coming in. Copper is basically flat this morning. It had been taking that little bit higher after the dramatic selloff we saw. That has been playing into the equities that i want to show you this morning because we have had some phenomenal earnings coming out. The big minor, bhp billiton among them. We will see it move higher. Because it keeps its dividend promise. To theemaining committed dividends. They are reducing production in the oil and gas area. Production cuts and our other three pillars. Iron ore, coal, and copper. 52 slump in profit. Sales down in excess of 20
Good morning, and a warm welcome to Worldwide Exchange here on cnbc i am wilfred frost. Seema mody. We saw the s p 500, up 0. 6. Encouraging given a lot going on last week. This morning we are pointing a little low, the dow lower by 22 points, nasdaq by 12, s p by two points gasoline futures sharply higher, harvey knocks 15 of capacity off line more on that in a moment weve got gas prices up around 4 this morning. The latest on the situation in texas following Hurricane Harvey these are pictures from the houston area, much of the fourth large city is underwater flood waters swallowing entire neighborhoods as they race to help stranded residents. Heres the latest. More than 20 inches has fallen in houston in the past 24 hours, more expected in the coming days two deaths blamed on Hurricane Harvey more than 218,000 people are without power. Some 13 million from san antonio to lafayette, louisiana are under flood watch warning. The white house announcing that yesterday President Trump wil
In bogota on the first full day of his visit to the country. Now its time for World Business report. Weathering the financial storm. Harvey could overtake katrina as americas costliest hurricane, but will irma prove even more expensive . We look at the spiralling cost of extreme weather and who pays . Plus, contingency plans. The boss of Virgin Atlantic tells us how theyre helping customers in the caribbean and aiding the recovery effort. Welcome to World Business report. Im rachel horne. Also coming up chinas trade surplus with the us jumps in august. Well have the details for you. But first. As youve been hearing, its one of the strongest storms ever recorded and aside from the human cost of the disaster, experts warn it could also be one of the most expensive. Much depends on what happens when it reaches densely populated miami but estimates range from 70 to 190 billion. The financial cost of this years Hurricane Season is already spiralling to record levels. Lets show you the numbe
But it remains a powerful one that is ravaging the atlantic. And a mass exodus in vermont burma. Over 1 4 million Rohingya Muslims have fled to glencoe in the last have fled to bangladesh in the last two weeks alone. Emergency efforts are underway in mexico city mexico this friday as an earthquake struck off the southern coast. Houses were toppled and tsunami waves triggered as the 8. 1 epicenter sent people running into the streets in panic. France 24s Catherine Clifford reports. Catherine emergency workers feared debris some 1000 kilometers away from the epicenter. In mexico city, the earthquake sent people running into this the streets in panic. I grabbed a friend and i cried. I cried because it scared me a lot. I had never lived through anything like that. I had experienced tremors before, but never heard the walls creek, the lights go out. The avenue was full of people coming out of buildings, everybody in their pajamas, getting their dogs out and everything. It was very strong. T