Unchanged. If we see deflation narrow pressures it puts more ressure on drogey. Tom sterling really shows what a remarkable august it was when you and i witnessed what happened on the morning of august 24th. Francine yes. And we stabilized. Tom oh the month of august francine yes. Even the Prime Minister takes whole month of august off. Heres francine rigs. A person entered a secure area of the airport before security checks were completed and that ordered some passengers in terminal one be rechecked. The airport called ate precautionary measure. Its expected te to result that over allegations are you receive used accounting tricks to hide he size of the definite. And typhoons triggered floods and killed at least nine people in a nursing home. Donald trump puts the spotlight on immigration today. The republican president ial candidate travels. He will also give a speech in oenix and he has described mexicanamericans as remainests shipping them all out of the country. And Hillary Clinto
Unchanged reading. Yearoveryear it is still a gain of 4 , but that number disappointing, a sevenmonth low. Contract signed to purchase homes. This was the third decline in contract signings in the last four months, so adding to some recent weaker than expected data on the housing recovery. On the flipside, read on gdp this morning for last quarter that came in better than estimated, so a mixed picture on that front. If you look at stocks and where we are trading, we are seeing very little change, as we see a push and pull both in the data and also in one oil has been doing. Little changed as well. Crude oil prices right now moving up slightly as investors try to figure out what that opec Production Cut plan really means and how much of a difference it may mean to the market. I was looking at a note from , and analyst questioned the meaningfulness of this. We will be speaking with him at noon today. Take a look at one of our charts on the bloomberg. This looks that opec production as a
Stephanie you have been watching a moment of silence in brussels as the city begins three days of mourning. The attacks yesterday have so far left a total of 31 people dead and 230 injured. For the latest on the investigation, we are now joined by bloombergs ryan from brussels. Yan, give us the latest. Ryan well, were learning an wful lot from the people who started the attack. Police apprehend adamant that is the mastermind of the attack. He is a 24yearold of an individual. Going into today, he was in syria in early 2013. And then a very minimum, he was an associate of one of the participants in the terrorist attacks. So as we look at the belgian and french Prime Ministers there at the mourning ceremony for the People Killed here in brussels, you can bet that they will be also talking about how they can better coordinate to make sure there are no more terrorist attacks. Stephanie while clearly today is a day of mourning in the city of brussels and across europe, as far as business goe
This is bloomberg surveillance. Day week nextour da week. Tom do a victory lap on what you learned in your Credit Suisse interview yesterday. It looks like they had a trading error of some type . Francine the ceo in the great, exclusive interview yesterday was telling me that there were too many large positions. Tom yeah. [laughter] francine that he did not know about. 90 billion of this stuff has to be unwound by the end of the year. I dont think weve seen the end of the repercussions. Tom exactly. Vonnie authorities now believe there was a second suspect involved in the attack on the brussels subway. That suspect reportedly accompanied this suicide bomber to the subway station and may still be alive. European union interior ministers meet in brussels today. Islamic state has trained 400 people and sent them to europe for terror attacks, according to the associated press. Builtare camps specifically to train for attacks against the west. North korea claims it has made progress in deve
Right before a big decision, we are seeing a big move. Ramy you would think markets would be at a standstill but we are seeing a good move, markets jumping up from this morning and they havent come down today. Oil is rising and thats the big reason. Here is where we are right now. The s p 500 up and the dow jones up by nearly 1. 2 . And of course all eyes are on the fed and the rate rise so many are expecting. Check it out fed funds futures right now pricing in a 76 probability of a rate hike of at least 25 basis points. That is scheduled for tomorrow and bloomberg will have that coverage. As equities are rising, treasuries are falling and for the second day in a row, the yield is rising and the 10 year is up about five basis points. This is its highest in 11 days. It has been a big day for energy. Ramy it has definitely been a big day for energy. Nymex crude has been pretty positive for the entire day. We saw a couple of downward trends but we are up i about 2. 6 . Of course the comin