The heavy rains and Severe Weather that hit parts of north and east iowa are making an impact this morning there are a number of schools that have been affected. Affected. Right now north butler schools are closed for the day. That area was hit hard by heavy rain. Schools in charles city nashua plainfield and rockford are all starting two hours late closings head to our website cbs 2 iowa dot com. Com. Youre now looking at a photo of a funnel cloud that was seen yesterday evening in charles city. Ellie kew sent in this photo. Now heres video from damage left after last nights storms in floyd county. Powerful winds knocked trees into roadways closing some of them down. Other large tree branches also fell onto powerli. Powerlines. We want to thank the cbs 2 ne shared their pictures of the storms. A number of people posted pictures of the tornadoes that touched down, including this picture taken by sean britt near greene in butler county. You can track storms anytime by downloading the cb
Filipinos go to the polls today. For continuity or change from manila . Gie welcome to first up i am angie lau. Lets check in on the markets in the asiapacific. New zealand, we are seeing losses of one third of 1 , but its a stronger new Zealand Dollar at . 68 after chinas exports show signs of stability. Were counting down to the open in australia and japan. Futures in australia, pointing slower open. Ally lets get over to japan, checking futures trading in chicago, pointing to a higher open, this after the nikkei 225 came back in the red after a threeday holiday. It was a it was one quarter of 1 down. Weve got the japanese yen weakening. Of course, no trading in the philippines because it is election day. The latest trade and Foreign Exchange data from china point to more stabilization, but signs are modest. Weve got Stephen Engle going through the numbers. Stephen its modest at best definitely. Its not a huge recovery. The numbers are not falling off the cliff like they used to be.
Because of the fires in canada which has knocked down about 1000 barrels of oil a day. Now that, as he would expect, has given of the dollar a boost. The regional look is pretty flat. Taking a look at oil and gas, we are seeing a that up one third of 1 . We are tracking the 28 stocks down and seeing the majority are high. You can see that in australia and here in hong kong, we have certainly among the best performers. Also here in hong kong, theyre up by 3 . Quite a boost to the oil sector. , this has given a boost to the japanese economy . Yes, this was after quite a shocker last week, but it was in the red for most of the session today. On its lunch break, up one half of 1 . We did hear a more good news coming through from the u. S. Markets on friday, the likelihood of a rate hike in june a very much dissipating according to many economists and does that and that does give you a general impression. Ng kong will be good as well of openingsessions up to three quarters of 1 . The trade
Would be a good start. Lets get to our road map and start things off with the markets. Extending yesterdays losses, disappointing Economic News and air strikes in syria are setting the tone for the morning trading. Also weighing on the market, the Obama Administration makes its move to counter inversions. The rising trend of American Companies leaving for lower taxes. Shares of takeover targets such as medtronic, shire and abbey are moving this morning. We may be getting closer to two large transactions. Allergan is in advanced talks to make its own deal to defend off valiant alachemann. Alachemann is already redding to sue. Yesterday nasdaq posting its worst sessions since july 31st. Dip ing dipping to a 2014 low. China rose slightly. You have the u. S. And arab allies launching attacks against islamic militants in syria. President obama due to make a statement on the u. S. Strategy against isis later this morning. Coming up at 11 00 a. M. Eastern, becky quick is going to interview fo
River took all the furniture, wiped it all, the deck was gone. Deadly storms destroyed hundreds of homes. At least three people are dead and several are missing as the floodwaters swept through towns in texas and oklahoma. Dozens of people had to be rescued . He was like i dont know if im going to make it i love you. One twister hit a houston apartment complex blowing off part of the roof. Reporter a bomb squad destroyed a Pressure Cooker found in a suspicious vehicle parked near the u. S. Capitol. A Police Officer was acquitted in the shooting deaths of two unarmed africanamericans. They can not justify what happened that night. Nobel prize winner john nash and his wife died in a train crash. The mathematician portrayed in a Beautiful Mind. The iraqi forces showed no will to fight. A hard word from the pentagon chief. We need to have a strategy. There is no strategy. President obama marking this memorial day by laying a wreath at the tomb of the unknowns at arlington cemetery. A sky d