Tell you about outside the world of business. At least 8 people are dead and five more believed missing after severe flooding yesterday near the utah arizona border. Heavy rain swept away a roadway and these are floods that came up very suddenly. Three people at least have survived the incident. There are at least approximate 13 fires burning right now. Hundreds of homes destroyed. Well have more on both of these developing stories a bit later this morning. First andrew has todays business headlines. Lets get you caught up on the stories this hour. The bank of japan is holding off on expanding its Stimulus Program but warning that a slow down was putting further strains on the economy. Some economists say the boj could ease again next month. Well watch that. Take a look at whats going on with the nikkei closing today marginally up about. 34 . Also we have stocks closing down more than 3. 5 and at a 2. 5 week low, the Global Markets all waiting to hear from the fed on thursday. Thats th
The safety of the bridge but that wasnt enough to satisfy anybody that was on that. Wouldnt be enough to satisfy me if i was on it. This spans over a canyon 600 feet deep and almost 1,000 feet long. Its closed for repairs. This is the scary thing. Its just like what they did, the native americans did over the grand canyon. I knew engineers but i wasnt smart enough to be a mechanical engineer but i would think glass for a bridge, thats one of the things you dont sand for a bridge. Three little pigs. Exactly. How about steel. I think they should use steel. Talk about infrastructure issues. But wouldnt that be the first thing you would teach someone. Dont make the bridge out of glass. No i get it. Youre supposed to get scared looking down. It is an engineering marvel because its so long and theres no supports along the way. Its a suspension bridge. So from the top its down. See i didnt. Im basing that on pictures. I didnt even know what you were talking about. It was a tourist attraction.
Alexis tsipras and his new democracy rival rule out forming a coalition as they go head to head ahead of sundays election. Auto stocks are shifting up a gear as they rose for the 24th straight month. They are not concerned by chinas slow down. I guess nobody really could predict this. We are not so much concerned because we did our homework and we have a very attractive portfolio. Lets get straight to it. Checking in on european auto stocks, out performers by the names of fiat and diamler. Lets get straight to the frankfurt motor show. A close to 10 increase in car sales in the month of august just below the average of its competitors and nancy just whole with the chairman and ceo of nissan and asked about the impact of a china slow down. Well, you know, as ceo of renault which has no presence in china, the fact that the Chinese Market instead of growing at 8, 9 is forseen to be growing at 3 or 4 is no concern. For us, china is just an opportunity. No matter what the market will do. Th
President. Scientists from around the world do an adoption of declaration and the nuclear arms. And the Opposition Leader say that is she is worried that citizen will not get a free and fair vote in the general election. The president s of china and taiwan will sit down for a historic meeting this weekend. It will serve to promote relations between the two sides. The summit mark the first step of having the leader meat on a regular basis. He said the talks in singapore are aimed at hane taking piece and ability. Here is what lead to the decision of the summit. This is what chinas tv says. Holding the meeti matches the p trend of the times. In 1949 he lost the civil war against the communist and with drew and cross relations have been tense ever since. They refuse to recognize each other and relations remain hostile for a while. It began when they met for the first time in singapore. The country conducted missile drills and raising cross station tensions. He said that a had a state to s
Nasdaq up by 16. You have earnings, Economic Data and more fed speak. You have best buy, smuckers and gap all set to report erngs today. Weekly jobless claims hitting the tape at 8 30 avm eastern time and the philly fed survey and leading indicators. After yesterdays market moving fomc minutes well hear from Stanley Fisher today. Here on squawk box well hear from Loretta Mester. Shes the cleveland fed president and she will be joining us at 8 30 eastern time. The bank of Japan Holding its Monetary Policy steady. This despite data that showed the economy there slipped into recession. Also the nikkei closing at a three month high today. Square pricing its ipo at 9 a share. Its not great news because its below the range of 11 to 13 and well short of the stock in the private funding round. Giving them a market cap of about 2. 9 billion. Thats half of the private market valuation just a year ago and could have a huge impact on other private market valuations which of course public funds als