Spread the flames, and at least 35 people have now died in dozens of outofcontrol wildfires burning from Washington State to california. In the small city of detroit, oregon, it looks like a bomb went off. The fastmoving flames have destroyed everything in its path. Laura podesta has been following the story. What are firefighters up against today . Reporter good morning, annemarie. The wildfire forecast today and the next few days includes very hazardous air quality from los angeles to canada. Unfortunately, rain is not expected until at least wednesday. The bobcat fire forced mandatory evacuations yesterday as it moved closer to homes north of los angeles. Greg vanny isnt sure if his 100yearold cabin survived. Like the seven plagues, biblical sense. Reporter the raging tu down west coast and left everywhere from california to canada with dangerously bad air quality. It looks post apocalyptic actually. Kind of spooky. Reporter in northern california, the north complex fire has killed
Booming or will rising rates drop the hammer on the sector . Im tyler madison, in tonight for melissa lee, glad to be with you this is fast money, live from the naz sdaq market site we have a full table tonight last time i was here, nobody just one we knew you were going to be here we showed up. Thank you very much tim seymour is here, karen finerman, dan nathan, guy adami. Thank you for joining me thank you for letting me play at your table glad to have you. We start with a lateday breakdown in the markets stocks accelerating their selloff in the final half hour of trading all three major indexes down more than a percent on the day, closing near their lows. The dow snapping a threeday win streak, nasdaq, s p, now both lower in ei8 of the last 11 sessions and look at this the s p breaking below a key level of support today, closing below its 50day moving average. Something it hasnt done since late march and the tech titans also flashing some technical warning signs. Apple, microsoft, a
Index that is normally, joe, thought of as a leading indicator for a bold market. What time do you get up in the morning . That was a great segue. That just flowed right into that. What time did you get up . 3 30. Did you watch this show yesterday . Yeah. If we analyze that, what kind of return it is is . Thats incredible. So you dont know. You need a ti calculator. Sorry. I wasnt taking notes. Well, you would remember. Youre a mathematical genius, right . It is 1250 . You do it on the ti calculator. You get three and a half times your money. Pretty good. I thought that was interesting. You didnt like the facts . We probably wont. I dont think so. But it would be nice. We do need, like you should probably have that program. What is 5 impounded over 12 months . It is a lot more than 60. Yeah. It is the eighth wonder of the world. We need a ti 83 calculator. I think mine got sold at a garage sale for like 10. That is not a good return to our investment. Youre at the early part of your ca
It comes to the path of future rate hikes. The top story is abn amros shares rose over 3 . Bailed out by the dutch government at the height of the financial crisis. It has returned from a to grade, betty. Betty it has. On the macro front, though, we were just talking about the ecb president mario draghi. It sounds like we are on for his stimulus in two weeks . July 2012, he said the ecb will do what is necessary to reach its inflation goal as quickly as possible. What is necessary, or whatever it takes that is what we said in 2012. 1 is a fast rise from just under 2 . He said that that its doing its best to prepare markets, internationally, for u. S. Rate increase. Mario draghi is essentially telegraphing that the ecb is prepared to add more stimulus in two weeks. Betty lets check in, lets get that for a moment. We will be talking to mario about this. In on our bloomberg first word news. Courtney has more. Mali. Ey the latest from there are no more hostages in the hotel standoff. Gunma
Tells us why he decided to screen the film. Lcome to Market Makers where have you been . I am reporting the news. We are in for eric and stephanie. It takes three of us. Can we get a wider shot here . Bob avery with us as well. Bob is the editor at large for bloomberg news. What a cool title. You have not been captured yet. Like a fugitive. We start this morning with the bulletin. The top business stories of the morning. The biggest investor headed to the court blue Crest Capital is suing whitneys hedge fund after it refused to return request investment. Blue crests investment. The suit was filed in bermuda. The over ceo indicted in south r ceo indicted in south korea. The maximum penalty is a twoyear prison term or fine of 18,000. Sony pictures will release the interview and 300 theaters tomorrow. That includes dozens of alamo draft house theaters and the plots in atlanta. 100 theaters will get the film next week. So far, none of the major chains former president George H W Bush is in