Aftershocks. Some of them powerful. This footage shows one of the latest strong tremors in kumamoto. Translator there continues to be seismic activity, so we advise sufficient caution and alert for further seismic events. Rescue and recovery operations continue in the village of minamiaso. Crews are looking for several people who remain unaccounted for. On t the death toll has risen to 47. Rescue work is being hampered by the aftershocks and also by landslides. The situation is taking a toll on survivors. Tens of thousands have fled their homes, and many sleeping in emergency shelters or their cars. And concerns are growing over a new potentially deadly threat. Officials are raising awareness over the socalled Economy Class syndrome. Blood clots develop when if people spend too much time not moving around. Officials say one woman has died from the conditions. She was one of the thousands taking shelter in vehicles. Nearly 20 others are suspected of having the same condition. Translator
From other spending that you would be doing another other retailers. As for the broader markets, Oil Continues to be the big driver. Wti crude rallying more than 4 yesterday. That was its best onesession gain since august 2012. But prices are still down about 36 from the high set earlier this year in late june. Take a look at oil prices this morning, youll see right now, down by about 1. 25 for wti. Thats a decline 0686 cents for 68. 14. Andrew, over to you. Thank you, becky. Lets take a look at some stocks to watch this morning. Stocks already on the move, japans asuka pharmaceuticals, buying pharma for 17 a share in cash for about 3. 5 billion. The price tag is roughly 13 premium to yesterdays closing price. Also, cypress Semi Conductor is buying flash memory productmaker expansion in an allstock deal worth about 1. 6 billion. The combined company will keep the cypress name. Each shareholder will get of that entity about 50 of the new company. A mixed quarter for rvmaker Ford Industr
Up produced there they are. He also says there is progress on funding for more tests and hospitals and for Small Businesses devastated by the pandemic. Now, the president also defended protesters who are fed up with the coronavirus restrictions, restrictions that his own administration has put into place. He called them great people who have cabin fever and denied inciting such protests to, quote, liberate such states. Now, the president touted his own record, praised himself, and lashed out at the media. Cnns Jeremy Diamond with more. And the president in large part was focusing on the accomplishments of his administration, the president talking about the successes of his administrations response and also playing clips and reading clips of praise from other people for his administration and his personal response. So, the president reading at one point clips from a wall strewa journal entitled trump rewrites the book. And another clip from andrew cuomo praising his and the federal gove
weeks as far as the oil price movement is clearly because of the issues in iran and not because demand going up over the holidays, it s right. it s a futures issue and if the energy market sees that more supply is going to come on, naturally, price is going to go down and i think, generally, that s going to be a good effect on gas prices in america. you know, though, i wonder, i tried to get this out of governor huntsman, but adam to the point, is there a point where the republicans or should there be, maybe i m talking to the wrong guy, there is some environmental consideration, where you would put a limit on tapping oil. in other words, where the need to protect our environment, trumps whatever, the systems and new jobs he gets. and would there the republicans just seeing the environmental ground and saying it s dot, dot, dot? again, it becomes an issue of governing, it was nixon who did so much to promote the epa and a sitting republican president, of course, would do that when
producers of the world have some excess capacity to produce that at other times they might not have had and they have expressed a willingness to do that if there is a large supply disrupti disruption. i d say the one thing to remember if in your mind you re thinking the 1970s is that our energy intensity per dollar of gdp is a lot lower now than it was then. so most people think that we the macroeconomy is less sensitive to oil price movement, but it s clearly something we re monitoring. well, you just got in macroeconomy, look at you. and the 70s. it s because of you guys. i know you love that stuff. austan goolsbee, chairman of the council of economic advisory board, thanks very much. thank you for making your first stop this morning on daily rundown. great to see you again. coming up next, brace yourself, everybody. we re going to let chuck suggest what to put in today.