His chief simply running out of ideas . What does this mean for sterling . The central bank will probably wait for policies it has in place. We will hear from the bank of france governor. Post payrolls performance. Up for tense up fortunes of 1 , similar story around europe. The dax will open up more strongly. Lets take a look at jim m. Some interesting trade. India trading strongly this the yen japan is up 7 , is down by 3 10 of 1 against the dollar. Pay attention to that story, as well. How thisink about policy goes forward. What happens when it runs out of steam . I want to highlight what is happening in the commodity complex. Silver has been on the move. Keep an eye on silver, it will be an interesting story. From oil to Precious Metals. There are lots of moving parts and plenty to focus on, particularly because inflation is an important part of discussion with janet yellen coming up this week of it this week. Lets go to bloomberg first word news with juliette saly. Juliette Donald
Our forecast is with rain showers this morning for the commute and temps in the mid to upper 30s. Look for standing water and wet roads as rain showers will continue before tapering by noon. Then mostly cloudy as temperatures rise to 50 degrees this afternoon. We remain dry tonight and to start your saturday before more rain saturday afternoon into the evening as a cold front moves towards the tri state. After reaching 51 degrees on saturday our temps will start to fall during the bengals game as rain could be steady at times especially near kick off. Temperatures will fall into the upper 30s by the end of the game. Sunday we will watch temps fall into the 20s by evening with just a few showers early sunday morning. I would not rule out a few light snowflakes on sunday. Next week we our in track for consecutive days of cold weather with highs in 20s and lows in teens with chances of snow on tuesday frank cam tomorrows bengals game comes 10 years and a day after the steelers beat the be
Thanks for the question. I think that the appropriate way to do this is pretty much whats being done right now actually, and such using airstrikes to limit the freedom of movement and the ability to move oil and smuggle it as easily as isil was able to be for the airstrikes started. Meanwhile, buying time for an advice and assist effort and Capacity Building effort to try to stand up in some cases local Security Forces or the iraqi army to conduct effective operations is insulated to push isil back from the territory is controlling. I appreciate that, i dont mean to cut you off but from 20032011 we spent 24 billion, the United States taxpayer spent 24 billion training 938,000 iraqis how to fight. And to equip them, train them. And who we have 30,000 sunni that are over running the country. As isis gets stronger and stronger, we are back again with this training operation and i just have some misgivings about, you know, whats that saying that the definition of insanity is doing the same
Production you would be familiar with the processes and the targets and things like that . In terms of the military targets . Yeah, youre sitting there, youre fairly comprehensive in this report here, are you in that room is all im asking . We are linked up closely with the Defense Departments in terms of the overall level. But on a scale of one to ten how committed are you to stopping the oil revenues from coming in, the administration, one of ten . I would give that a ten, congressman . Okay, so why didnt you stop it this afternoon . You really want to do it, youre in the room. You can stop it today. You can move 30,000 barrels of oil basically is what the report is saying. That sells anywhere from 25 to 60 a barrel, resulting in 3 4 of a Million Barrels of oil. To move 350 barrels requires trucks. Now the report talks about choking off the funding for insurance. The insurance could cut the insurance off themselves, you dont have to truck one Insurance Company down. It is the trucks
Kuwait as the two jurisdictions in the gulf where additional steps could be taken. Time of the gentleman is expired. Chair now recognizes the gentleman from massachusetts, mr. Lynch. Thank you, mr. Chairman, again, mr. Secretary, thanks for your willingness to testify. I just want to make one observation. I do share the frustration that some of my colleagues across the aisle have expressed about staunching the flow of oil and degrading some of the facilities that are currently under the control of isis. But i do want to point out that, for instance, the beiji oil refinery, i dont know, about 75, maybe 150 miles north of baghdad, ive been there a couple of times. It is not really its low tech, but its the largest refinery that they have there in that region. If we had destroyed that a month ago i think the iraq government you know, last week, two weeks ago, the iraqi forces retook that refinery. So now it is pumping oil for the Iraqi Government. Its a key asset, if we had gone in there