Decision just hours away. Will they or wont they hike . The ceo of mylan takes the hot seat on capitol hill today where shell be grilled on the companys epipen price hikes. What to expect today and the highlights from yesterdays heated wells fargo hearing. Shares of fed ex higher after better than expected earnings and raising their guidance. Well take a look at what drove that quarter. First up, the bank of japan surprising the markets by introducing a zero rate target for its government 10year bonds in an effort to stoke inflation. The boj saying it will purchase bonds if yields begin to rise, lend money at a fixed rate if yields move much lower. That all comes ahead of the feds latest policy statement at 2 00 p. M. Eastern time. Fed chair Janet Yellens News Conference half an hour later. Yen had a run and then the narrative began maybe this is an admission theyve reached the logistical limits of accommodation. Look, i find them flailing. I just find them look, they surprised because
A horrendous, horrendous exploding noise and concrete dust, electrical wires and a train flying into the depot. Reporter the crash caused part of the roof to collapse under the first car where david milak was standing. Lights went out and didnt stop and people were falling over who were standing and then just the roof came down. Reporter passengers inside helped each other escape. The person behind me, he was bloody. He had a cut but wanted to make sure everyone was okay. Reporter people on the platform scrambled to safety. More than 100 hurt. Around 50,000 train and bus riders use this station every day. Its a popular transfer point for many commuters who cross the river into new york city. The crash is a life changer. Im afraid to get back on the train. Im sure staying home tomorrow. Reporter investigates to will now try to figure out what happened. We have no indication that reporter the engineer is said to be in Critical Condition but cooperating with investigators. Jamie yuccas, c
We will speak to the evernote ceo and former google executive, christopher oneill, about tech, productivity, and more. Later, our weekly show, brexit whats next ringing you all the news, analysis, and conversations around the vote to leave the eu. Today we speak to the japanese ambassador to the u. K. First, lets check on the markets. We have quite a lot going on because a lot of global stocks are looking at what the ecb said yesterday. Bonds also deepening in terms of the selloff after signs that Central Banks in new york and japan are starting to question the benefits of further monetary easing. South korean assets dropping following this Nuclear Weapons test in north korea. Lets get to the bloomberg first word news with nejra cehic. Nejra north korea has confirmed that it conducted its fifth nuclear test on the anniversary of the nations founding. South korean President Park has strongly condemned the latest provocation from kim jongun owns isolated regime and warns its actions will
Closely. Crude is back below 37. There hasnt been a rate hike since 06. That decision will come out at 2 00 p. M. Eastern time. Chair yellen scheduled to hold a News Conference a half hour later. Cnbc will bring you complete coverage of the big fed event. Reminders of where we were on pop culture on june 29, 2006. Its been a long journey. Its been a long journey this year as we agonized about whether or not they would raise rates. During the course of that year, the stock market is basically more or less where we started. The tenyear treasury is basically, after this back and forth during the course of the year, basically back where we started. The big mover is the dollar index. The euro down 9 . Thats partly you what see in the corporate earnings. You do have oil down sharply. You have the junk bond market reeling despite the fact that Interest Rates have been so low, we have seen record high yield issuance this year again, emerging markets are weak again. Weve been asking the questio
It will not be as windy across the mountains. Across western South Carolina, a more comfortable day. On our radar composite youan see a nice sunny day with fairweather clouds coming through from time to time. In the early afternoon, middle to upper 50s with some lower 60s across upstate. Warmer on sunday. Beautifully sunny in spartanburg. You will start at the freezing mark, but be close to 60. Lower to middle 50s in asheville and western europe South Carolina. We have possible temyra a motorcyclist is dead after a wreck inlided on ma night. The victims name has not been released. A hunter found the body in a field in Greenville County and wooded area at 5 30 last night. The name of the victim has not been released. If you have any information, call crime stoppe at 23crime. The number of zika virus cases is growing. There are 30 cases in 13 states and washington, d. C. No deaths have e en reported. In South Carolina, there is at least one suspected case of a child born with a birth def