Whats leading the day are commodity related shares. Crude oil rebound, material stocks being led higher by c. F. Industries, which got positive commentary. All that is helping sustain some of the gains were seeing in stocks. But to the point that scarlet was making about the tight trading range today. This is the range today, just over five points, 5. 29, to be exact, the tightest trading range weve seen all year. The average is about 13 points to give you perspective here. Indeed its a quiet day, especially given a very tightrange day especially given the fact we have the jobs report. Its also reflected in the volatility index. You see the runup that we had and the collapse essentially in the vix. We keep getting awfully close to that, 10. 5 is where the vix is today. I mentioned materials, two of the other materials stocks doing well today are dow and dupont because they have yet another step toward their deal being completed. A Brazilian Competition Authority has recommended approva
anny hong weather conditions more typical of mid july are likely through midweek as onshore flow and the marine layer influences the region. A gradual warming trend is then likely late in the week and into the upcoming weekend as High Pressure builds back toward the west coast. Thus, inland temperatures will again warm into the 90s to around 100 degrees during the afternoon hours this weekend. Conditions then look to cool back to near seasonal averages early next week. No major hot spots. San mateo bridge less then 30 min from 880 to 101. Bay bridge wb 30 min from the maze to sf. tiffany our top story this morning. A bay area tennis coach is accused of raping two of his teen players. And police fear there may be more victims. The popular coach was taken into custody yesterday morning in richmond. Kron 4s jr stone has the story. Normandie burgos is behind bars right now facing at least 20 sex crime charges and police say that number could increase. Normandie also goes by norm and antoni
In weighing on the dax and automakers like volkswagen, daimler, and via bmw. Against theeaker yen. Dollaryen down 3 10 of 1 and the vix up by 5 , but really we are looking at potential record closes below 10. That would be a very long winning losing below 10 streak for the vix. Brent monitoring as well happening 1 on the highs of the. Ession the opec secretarygeneral says many things are looking at changes to be ahead of the curve and nigeria has no ambition to exceed to the want 8 Million Barrels of oil a day. Jonathan in the market is it easier to monitor exports than production . Alix it is actually not in that it is difficult to understand which numbers to use from exported. Production at least seems to be a relatively cohesive number. Jonathan 48. 62 this morning. Up by 1. 14 percentage. Alix david westin is monitoring all things in washington, d. C. With a special guest. David we welcome our Bloomberg Radio listeners for an important interview we are going to have with Daniel Tar
It is now a category 3 storm with sustained winds of 125 miles an hour. When harvey hits the coast later this evening, it will be the strongest hurricane to hit the u. S. In 12 years. Here is the Texas Governor speaking this afternoon. We can tell at this stage this will be a very major disaster. David the president echoing his sentiment, the governors sentiment, just tweeting out, quote, i encourage everyone in the path of Hurricane Harvey to heed the advice and orders of their local and state officials. Fox news case see stiegel is right in the middle middle of it in galveston, texas. The bands are already coming in, are they, casey . I was given a sixpack of beer on live television, david, just as you were tossing the man casually walked in between our shot. I dont know if you made on tv or not. In all seriousness were starting to certainly feel harveys effects, to be honest weve been out here since 5 00 this morning. Only intensifying just as the forecasters said it would. Back out
That is up from 16 a year ago. Terrorism ranked second, followed by immigration. Chinas congressman said a trade war with the u. S. Should not be an option. Told voters in beijing the disagreements are inevitable. But history shows the u. S. And china can overcome trade frictions through negotiations. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Amanda live from bloomberg World Headquarters in new york city, im amanda lang. Joe im joe weisenthal. U. S. Stocks are rising to records today and the dollar resumed its advance. Joe but the question is, whatd you miss . Amanda the Philadelphia Fed chief says a march rate increase is not off the table, after clevelands loretto mr. Said the same thing. Traders are a long way from being sure of a rate hike next month. And macysalmart rallied after results from the Holiday Season exceeded wall streets pessimistic expectations. Ad, tesla stock has been on tear, up 48