Looking quite strong, up over 1 this morning same thing with the shanghai composite. Then european equities right now are also in the green. The cac ass off, ftses off i spoke too soon i looked at the ftse beforehand. The ftse is up, the dax is up. Everything else is down just marginally well, here are the big stories were watching for you today. We are continuing to follow a developing story out of Southern California new evacuations have been ordered as a string of massive wildfires continue to grow the thomas fire, the biggest in the area, still on the move. Officials say the blaze is just 10 contained. Its already burned more than 360 square miles of land we will continue to follow this developing story, bring you any updates and developments as we get them. On this weeks economic agenda, tomorrow, look for the november Producer Price index. The fed also kicks off a twoday meeting. On wednesday well get cpi as well as the fed decision this latest Economic Forecast and Janet Yellens
Claims at a fiveweek high bon employee bonuses of 1,000 at some places. Now on to the next total in washington the shutdown as the deadline approaches well go live to d. C. For the state of play. And the apple conspiracy theorists were right the company does slow down your old iphones and consumers are upset. Details on that, coming up first up, though, as the tax reform bill awaits the president presiden president s signature, Many Companies announcing bonuses, pay hikes and Capital Spending sn initiatives. At t will invest an additional 1 billion in the United States. Our own parent, comcast, says it will give 1,000 bonuses to more than 100,000 workers and spend more than 50 billion over the next five years in infrastructure boeing, 300 million in workforce training and facility enhancements for its employees both wells fargo and fifth third raising their minimum wages to 15. Fifth third also handing out bonuses to 15,000 workers. Kudlow a few moments ago on twitter said hes never se
Panels effective february 7th, the result of a months long investigation by the bipartisan trade commission on washing machines, nonu. S. Importers will be charged 20 to 50 per unit depending on the volume of the products they are importing. Goldman sachs estimates the price tag a shopper will see will raise anywhere between 8 to 20 in the absence of these highvolume cheap products from overseas the administration on solar panels is adding a 30 levy. It declines over time and it will benefit u. S. Manufacturers. But companies that install solar panels will see their prices increase that led South Carolina congressman mark sanford to call the tariffs shortsighted and said his state would lose over 7,000 jobs in the Solar Industry as a direct result of these tariffs. This afternoon at the white house, President Trump said he expected the move would create jobs our companies will not be taken advantage of anymore and our workers are going to have lots of really great jobs with products th
The major averages close at record closes yesterday. Today, not so much. The dow is on pace for another record close. The s p 500 earlier today could just put in an alltime high. These are very small moves. However, any green on the screen will mean new record closing highs. With the tiny moves, he probably wont be surprised to know today is the second smallest trading range of the year about five points after yesterdays very matching red below a day back in may. Not a lot of conviction on the part of investors as to what is next. All the different factors from geopolitical tension to apple, little breather today. Let us look at the big movers for the s p 500. At the fact we see plunging 11 . Senators are demanding a probe of the hat. Plus, sale of the stock by executives. Companys plan to aquire. Chesapeake energy is up 7. 4 . Oil. Ng a nice boost from finally, even though we have unchanged stock markets, we do have a bit of a risk on tone. Bonds are trading lower. It is showing by th
Institute, the association that represents all u. S. Investorowned electric companies. Im addressing you today in my role as one of three cochairs of the electricity subsector coordinating council. We collaborate closely with power utilities and cooperatives on the escc. Im please today address the subcommittee and to share the steps the electric power is taking, allowing us to continue to deliver affordable and reliable power. The 2017 Hurricane Season highlights the critical importance of cooperation and coordination among Utility Companies, the government and other key infrastructure industry to assure fast, efficient recovery for customers. The electric sector faces constantly evolving threats to the energy grid. The industries Risk Mitigation strategy emphasizes a defense in debt approach. We focus on preparation, response and recovery with emphasis isolation of and enhanced protection of critical asset. While this hearing is focused on storm response and recovery, our companies d