Moving the markets. Record low bond yields, new attacks on viacom, and at merck shares are rising in the premarket. But obviously a lot of review to go over on what the fed said yesterday, jim. Yesterday was a kind of admission, it wasnt even tacit, that maybe were in a kind of different era, which is so interesting because a couple months ago they certainly didnt think we were. And thats going to cause the id say kind of a grumpy attitude toward the fed, people who say theyve lost it because they now feel look theyre swinging in the breeze, the pundits. Wow. All of a sudden were much weaker than we thought, previously much stronger than we thought and were data dependent. It does add up to something that i want to step away from and say its good for stocks. So we can talk fed policy, as if we are indeed fed members. Ill let you be from i dont know, some west coast man and ill be a philly thing. When it clears, we can go back to clorox and back to look at Procter Gamble after these pro
Vote. Se we are basically seeing this global flight to safety. Look at the japanese yen surging to a twoyear high against the u. S. Dollar. Brexit worries, rising pressure on the bank of japan to respond with a bigger stimulus package in july. The british pound continues to hover around a sevenyear low, coming off the lows. The bank of england warning of further weakness. A pick up in risk aversion helping gold shine, up 23 year to date. And pushing bond yields lower, not just in europe but here at home. The u. S. Tenyear dropping to a fouryear low. The fed statement also part of this story. In terms of stocks, its the european banks that remain under pressure. Active discussion on which banks would be hit the hardest, especially when you consider relocation costs. Shares of deutsche bank. An alltime low. Hsbc among others down about 18 over the past three months. If youre looking for price reaction in the equity market, its those european banks. I think well see more of it as we head
My first born graduation and here people are fighting like animals. Very embarrassing. Reporter Philadelphia Police say they were not called in, it doesnt look like there were any arrest. Commissioner thiel was unhurt and relieved that the graduation went on. Parents meantime say despite distraction, graduation continued, with the attention where it belonged the graduates. Im so proud, minus the little mischief that was going on in there, we were not focused on that. Reporter School Principal declined to go on camera but told me it was an unfortunate incident. Reporting from the independent sea port museum, rahel sol machine for cbs3 Eyewitness News. Funeral services meantime are underway for singer Cristina Grimmie in Medford Burlington county. Family and friend are attending a viewing at this hour, thinks a live picture from Fellowship Alliance chapel, grimmies funeral begins at 8 00 oclock tonight. The 22year old evesham township native died, last friday night. Grimmie finish a show
It got to be what time we w get the power back. Ower right now about 4700 customers in Northern Virginia v are without power. 6 01 now. 6 01 now. Social media playing a big role into the investigation oftn what happened inside of theide f pulse nightclub duringe tclu sundays mass shooting. Shng. Shortly before the gunman wasma killed by police, omar mateen searched facebook for pulseor p orlando. Mateen and his wife exchanged ea Text Messages during this thi rampage a are round 4 00 a. M. 0a he asked his wife if she had if seen the news. The she responded with a textex message saying she loved him. Meanwhile a florida gun storere owner says mateen tried to buyoy body armor four or five weeksve before the attack. Attac that gun store turned him awayto andre alerted the fbi. F as trick but tributes pour in tn traveled get 49 the ground. This is not the first time the Good Samaritan has done this. Retrmetro riders get ready fr face two of the safe track. Thsae orange blue and zell silver
Message from metro, please, p start making a plan and if possible, make it include notlun riding the orange blue and be silver lines. Silver lines you can see what is coming. Com this is going start onta o saturday and for the next 16t days through july 3rd, the3rd, orange blue and silver linesverl will be shutting down between be Eastern Market and minnesota m avenue, Eastern Market and benning road and there will beil no trains between arlingtonin cemetery and rosslyn. Osslyn the potomac avenue and stadiumarmory stations aretis closing and there will be no blueline service in d. C. , maryland or rosslyn. Rslyn thats because this second thise phase of safe track surge number two involves a shutdown v between Eastern Market andst minnesota avenue benning road. Nr were talking about an impact to 70,000 riders. A lot fewer trains and metrod mo says it needs a 30 percent0 pe reduction in service. N in svice. Heres what the gm saidm said yesterday. Yester we will be providing bus shuttles