Today. Dropping for the third consecutive day. Uncertainty, across the globe, all these currencies are rising against the dollar. Bond deals of falling, a big day today in the u. K. On house prices. London asking prizes up. Over the last year according to the latest data. That 2014ll below peak which you can see there. London is the blue line and the u. K. Asking line is in white. That is when prices were up. This is the second time this year the annual rate is topped by 1 . It is a traditional summer lull. The Property Market nationwide has softened in the last year tax changes, brexit, Political Uncertainty has put a squeeze on consumers. Nationwide, the market has held up better. , asking prices, down. 9 in august from july. The annual gain accelerated slightly to 3. 1 . Money managers pushing their bullish bets on gold to the highest level since october. Wages have surged more than sixfold over five straight weeks of gains. Those five bars to the right of your chart. Climbing 12 th
Here in europe just wants to know whats going on in the u. S. Tom a whole bunch of things to talk about. We have the fed meeting, the bank of england meeting, job state. I want to know why you arent doing a 4 00 a. M. Are you slacking off . Francine its the european way. I really dont know who sets the international clocks. There is always one or two weeks where the europeans go down in our. Tom this is what has ripped up the script all the way across the New York Times and every other paper in america, for our global audience all i can say is there is no other story. Will be joined in a bit just stunning what happened in the United States this weekend. Francine it is. People are transfixed. Lets get to the bloomberg first word with taylor riggs. Taylor the European Union side of Free Trade Agreement t delayed in belgium. Just injured was in belgium for the ceremony. The agreement will cut tariffs for eu manufacturers on hundred Million Dollars a year. The eu had to overcome objections
More brexit european stocks recoup the losses caused by the uks vote to leave the eu. Investor sentiment has not bounced. Why . Caroline key question. As we and this week of extraordinary records being broken in stocks and bonds, we look at how we are going to open. We saw a records hit in the united states, currently flat to lower on the cac 40. We are edging into the green with the ftse 100 up 1 10 of 1 . Flat, zero point 00 in the futures market for the euro stockxx 50. Guy im going to pull up a couple of charts. Im going to start up with my gmm. What is going on around the world the echo equity markets yesterday delivered a Strong Performance in the united states. It was partly driven by oil. Aussiedollar, the kiwidollar, all trading lower. The dollar index is 1 10 of 1 higher. The Commodity Markets are looking reasonably buoyant, but the real story is what is happening with wti crude and brent crude. Let me roll a chart in and show you what is happening. This is the oil rally over
Seeing some of the bigger downpours come down all the way into parma. This is moving off to the northeast. Its all part of the system from last night. We have more storms popping out towards the east or towards the west, excuse me. The rainfall totals, thats what weve been most concerned about. Over two inches near medina from last night. But let me just widen out. Just over into pa, . Lastnight they got nearly five inches of rain. So as the storm systems continue to roll through our area, we have to stay up o whats coming and to alert you and let you know. You can always download our weather app. Thats always a great way to get the push alert. Take a look. We have storm damage and wind damage. Trees down from last night. Mainly on the east side. Cleveland heights got hit the hardest. So did mentor. Well be tracking through that this evening eyeing to see what storms we get tonight. Lot of people. Downed trees and wires. Mark Denise Zarrella is joining us out there with how some are co
The next 12 months and longerterm. Hopefully this will help you as governors to know whether to invest more now or to save for a rainy day. I am delighted to have such a distinguished panel of guests here to have this discussion. Yogi bear is says it is difficult to make predictions, especially about the future but if anyone can do it accurately, it is these guys. We have a broad wealth of experience and knowledge. Start withl do is five minutes or so about the current shape of the u. S. Economy and we will turn to the discussionnd have a for the next half hour or so. At the end, i would like to open it up to westerns from the governors. If there are certain topics that are more pertinent to you. To set the scene a little bit allay some fears, it is a bit bizarre at the moment that there is so much speculation that we are headed towards a recession. Measures, the u. S. Economy is in stronger shape than it has been for the best part of a decade and probably in much stronger shape than m