Today, Hurricane Irma struck with less force. Stocks rising for a fourth day. The dollar is rising. All of these currencies are declining against. We are seeing the dollar, we are seeing a move in bond yields, commodities. Sterling is holding its own against the seemingly unstoppable euro, suggesting investors are finding some value in the uks currency. Sterling concluded a second weekly advance as the common currency strengthened to its years on theo dollar. The moves showed negative trading psychology on the pound is breaking. Best 92 s 92. 67 pence. Now. Pence as of Money Managers saw the value of copper plunge last week by 2. 5 , halting the longest rally in a decade, is consecutive weeks of games. Hedge funds, large speculators increasing their copper long position by. 4 . The short position rose for the first time in six weeks. Copper supplies are tightening. Production shortfalls are overhyped. Goldman sachs has said the metal is 10 above fair value. The price of one of the most
Record highs. Abigail very tight trading range. It could be the tightest of the year for the s p 500, and that is saying something. Only about a three point range weve seen for that index today. And again today will be a record close for the two major indices, even if the gains we are seeing are not terribly large in todays session. As we see stocks continue to climb, we look at the various measures volatility and what people are doing protection wise to have been falling. We talk about the vix, this is the Credit Suisse fear barometer that measures the cost of bearish to bullish and the three months option is down for the Third Straight week. It is looking at declines as we see global stocks complete a six quarter of gains. Theal stock here seen in msci all country world index. And that Credit Suisse fear barometer plunging as we continue to see what some see as complacency in this market. In todays session on the move our airlines. Delta coming out with an updated forecast for unit r
The bay area news station, kron 4 news starts now. Catherine happening now at 8 Catherine Day four of the bart strike. And there are hints that an announcement may be coming soon. Bart management and its unions have been talking. And while it may be too late to get trains running for the morning commute. There has been progress. We begin our Team Coverage tonight with kron 4s dan kerman. Hes live outside mtc headquarters in oakland. Where both sides are meeting. Dan . Reporter far from here we know that all sides are close to a deal. At this point all we know it is close. That sad, all sides have been marking hard throughout the day. We have work are not lee to meet their needs without out compromising there are safety. Reporter president Roxanne Sanchez says her team of negotiatiors is doing all they can to end this strike and reach an agreement . And in fact significant progress has been made reporter the unresolved issues appear to be about work rules and safety . Seiu has been cauc
Used in the global trade and crossborder payments and gives u. S. Authority to attach with immense exaibts to impose and isolate regimes that are against international values. We saw how u. S. Dollars and can be leveraginged to respond to bad behavior. As russia invaded ukraine, United States countered putins attack by limiting to restrich banks. As a result, the russian economy began to erode and they were International Pa ria as. And the they can tighten the screws that violate longstanding norms. But the strength and privileges are far from uncontested. Allies and adversaries are taking to dedollarize and cross border money transfers and the plumbing and finance. These are proactive measures to mitigate the economic sanctions and in other instances, they illustrate the ways they expand their ways in the global payment sector and jeopardize the era. The system poses challenges that will require International Community to refine our strategies and trends and keep pace with the payment
The subcommittee will come to order. Without objection, the chair is thoshzed to declare a recess of the subcommittee at any time and members of the full committee not on this subcommittee is authorized to participate. I would like to welcome our witnesses. We will be doing a hybrid hearing and members will be physically present and will be on the screen. So we beg your indulgence for any technical issues, but we anticipate a good dialogue. This is under the radar and the National Security. And i recognize myself for four minutes to give an opening statement. Payment statements are the life blood and banks and businesses can send and receive money without delay and keep the economies connected. The United States occupy a. M. Privileged role. Our dollar is the most widely used in the global trade and crossborder payments and gives u. S. Authority to attach with immense exaibts to impose and isolate regimes that are against international values. We saw how u. S. Dollars and can be levera