Letsthings first, quickly check on your markets. First of all, i wanted to have a look at the yuan, this is on the back of what we heard from china. Stocks in europe in to be drifting sideways a touch. I think investors are trying to figure out what the next catalyst is. Draghi is due to speak today. And then, the independence claim is tomorrow. N, that thats the bloomberg dollar index, up a touch. Heres nejra cehic. Reporter donald trump claims tax reforms would be worth 4000 a year for the average american household. He asked for help so he could give the country the best christmas president of all. Today are business tax rate is 50 higher than our average economic competitor. This is a giant selfinflicted economic wound. Reporter the u. S. President has said he plans to choose from amongst five finalists to be the next Federal Reserve chairman and will make his choice soon, before he leaves for his 11 day trip on november 1. With canadawound up and mexico rejecting what they see as
And shattered showers across the region. South around Mount Hamilton and showers west of san jose right now still a lot of issues in terms of flooding. A Flash Flood Warning through 10 30. That means the creek is actively overflowing the banks. A Flash Flood Warning until 10 00 p. M. A Flood Warning until 9 15. We have the coyote creek in the south bay to deal with. Flood warning until thursday at 6 40 in the evening. Now the rain is mostly moving out. Watch what is moving in, more flooding in the north bay. The winds are cranking. Look at these wind gusts right now. Gusts 44 at sfo and 49 oakland and 47 in that vnavdo. The next few hours, flooding continues. Hour by hour on the winds and finally show you when we have a completely dry day in the accuweather forecast, guys . Okay. Thank you, drew. Breaking news, there are mandatory evacuations underway because of a levee breach tonight. Flash Flood Warning was issued south of highway 120 along the san joaquin river. This is south. There
Surveillance. I am Francine Lacqua. Tom, i know you were in new york and it is going to be a great day. Bank newsthe deutsche , it gets your attention. I would focus as well on the italian banks. It is benny the headlines, but watching unicredit beneath the headlines but watching unicredit. Francine especially if the nonperforming loans keep putting an damper a damper on the italian stocks and the european stocks. Nejra we start with some news breaking in just the past two minutes in turkey, markets are giving a vote of confidence to the latest move by the Prime Minister elect. He has decided to keep the last man standing of a market Friendly Team credited with turkeys economic boom. It is a boost for british Prime Minister David Cameron and his campaign to stay in the european union. Older voters are switching to his side according to the or be survey. 55 plan tors over vote to stay in eu, up from 34 in march. The referendum is june 23. Euro area finance mise ministers meet to discuss
We have strong figures out of the u. K. Is deceptive to say that it is a sleepy august day, it is not. What i would suggest is that the various shops are staking out their autumn calls. There calls into 2017. Francine i think you are right. A lot of people are on holiday, but august is not sleepy. I agree 100 , we are never on holiday. Taylor japans exports have not fallen this much since 2009. 14 from july from a year ago. One reason is slowing Global Demand and the stronger japanese yen, its gained 20 making japanese products more expensive. Turkey has revealed how broad the crackdown was after last months attempted coup. The Prime Minister says 40,000 people were detained and 5000 are in custody. 80,000 turkish Government Employees were removed from duty. Germany says that the u. K. s future relationship with the European Union requires a custommade solution. Deputy foreign minister says that they will not be able to cherry pick the economic advantages. What is clear is the u. K. Ca
Vonnie good morning david and stephanie. The city of brussels is under lockdown because of fear of an imminent terrorist attack. Schools, jobs, and the imminent subways schools, jobs, and the subway system remain close. They expect a peristyle attack with multiple attacks taking place at once. We will go to brussels for more in a moment. Francois hollande has the u. K. On board in his attempts to build a coalition to fight Islamic State he met with amy cameron today. That he met with David Cameron today. Tomorrow he meets with president obama in washington. Onn with Angela Merkel wednesday, and Vladimir Putin on thursday. Argentina has voted for a big change. Macrition leader mauricio has been elected president , setting the stage for improved relations with the u. S. He has promised to lift argentinas currency controls, cut inflation, and attract international investors. You can get these and other breaking stories 24 hours a day at the new bloomberg. Com. Matt lets look at futures. W