They are small potatoes. Kathleen i had an interesting conversation with bill dudley and i am putting that comment of small potatoes from bill dudley seenrspective we have much worse, however, he is convinced as well that, rate hikes will continue and is interesting to me that it isnt just u. S. Fed officials but other central bankers downplay the stock market volatility. We heard it from greg spencer yesterday, and we heard it from ecb officials yesterday, saying it will not affect the policy path. Unless it gets worse and last longer. Yvonne we heard the boe chiming in and it is fueled by the selloff that we saw overnight. Interesting contest of last week, or earlier this week that the worst may be and this is a technical shakeup given the fact that most of this market with short volatility, but now that trade is that, perhaps the dust settles, we should be ok. But today was an indication that we could see more to go. Kathleen may more dust coming, we shall see. The s p dropped takes
The death toll from a massive explosion in the chinese sport city jumps to 44 according to state media. Hundreds more are injured as shockwaves destroy a vast industrial area. Chinas Central Banks reassured markets about the countrys currency. It says a strong economy, sustained surplus and Ample Exchange reserves give strong results to the Exchange Rate. They also dismiss speculation of a possible 10 for the currency. It weakened for the Third Straight day as the pboc lowered its range yet again. However the gap between the guided rate and traded rate has narrowed. Repercussions of chinas move to devalue its currency a big topic of discussion and the negative impact on exporters. However some are taking advantage in the drop of prices. We are up 150 points. The u. K. Index, ftse 100 up 53 while the french markets are seeing a gain of 86 . Been close to 6 off of two previous trading sessions. So not entirely surprising to y today. Lets discuss what this means. John a very good morning
After midnight investigators kept us from the scene on potters mill road. We are continuing to ask how many people were involved and if they are looking for suspects. Parents upset after a gun was found inside medical treatment pleasant elementary school. One parent told us the student had the gun all day. Reporter one parent told me she learned the gun had been on the fourth grader all day long and that has parents outraged. The school confirmed parents told their teacher one of classmates had a gun. Then the teacher followed safety protocol. Students were removed from the message after the dismissal. One parent told me she wants answers and is scared for her childs safety. What if a child got this and it went off . Planning on putting my child on the bus and i dont know if its going to happen again. Reporter the school released this statement they will be providing counselors today. And the Sheriffs Department social services would get involved. Authorities say one person was shot. W
Toxic politically for his boss. Governor pat mccrory has been hackled by critics. Today pat mccrory left the door open. I need reassurance this company can fulfill its responsibility. When you see Something Like this, its a good idea to go nick tennison says he sees no reason to cancel the i77 toll lanes deal but knows his trip to texas is a delicate assignment. We need to say we understand this is a sensitive question, and were going to go resolve it. Reporter secretary tennison plans to spend just monday in texas and then come back and put together a report for the governor on what he finds. He promises hell make it available to the public. Jim bradley, channel 9 Eyewitness News. Last night at 6 00, we told you its likely tolls will interstates even if centra is stopped. Local Transportation Leaders told channel 9 toll lanes is still the best way so manage traffic. They say years of Research Back up their plans for paid lanes across the charlotte metro. Eyewitness news has extensive
Setting up for pretty nasty open. At least if youre long at this point. Look at the tenyear. Thats become an important oh, its always important but its become perhaps important again to whats going on in terms of trading and the view of the overall equity markets rising to twoyear highs after weekly jobless claims fell to levels not seen since october of 07. Yes that is a good thing. In fact, you could argue thats even a good thing, too. Lets get to the road map. It starts with the major indices in the red. Investors wondering whether we were in taper territory as two dow components red on the market. One is walmart. Shares rolling back today after the retail giant cuts the fullyear forecast citing tightened Consumer Spending and payroll tax increase. Another dow component deep in the red today as well is going to be cisco. Company cutting 4,000 jobs despite an increase in profits that is sending the stock down sharply in premarket trading. And organic food maker annie is up 40 out per