Soul cycle says its going blik with an unusual filing that cites its culture of yes and mission to aspire to inspire. All right. We had just had eurozone july cbi number. That came in at 0. 2 a year. That was bang in line with expectation. Steady compared to the prior month. Were not seeing a reaction in the eurozone right now. Inflation stable at 0. 2 . Far away from the ecbs target. As we saw in the german cpi print yesterday, the Energy Prices are still weighing on the price level. That is something that the ecb mentioned in the monthly report yesterday. So as long as energy doesnt bounce back were not going to see a sustained rise in Inflation Numbers for the euro zone. Deflation is something hay have to consider. There was an overlying concern that greece could cast a shadow. Not so much. It doesnt really. The euro holding on against the u. S. Dollar. Look at u. S. Futures. What can we expect on the last trading day of july in were in for a higher open. At this point, the dow up a
There is something way more sinister lurking behind electrical grids. A new report is warning that the very source of our globes power could create a National Disaster on a massive scale. The report says our entire air, rail system, it could all go down. Satellite communications, maybe even death and destruction could follow all from a massive solar flare on the sun. A u. K. Cabinet agency says in its space weather preparedness strategy report that humanity would have just 12 hours warning before a socalled coe row that mass ejection disrupts electrical power generation, telecommunication, avionics and, as we said, satellite systems. The Natural Disaster would not mirror those of hurricanes or tornadoes in terms of destruction, but an extreme solar storm could leave 130 Million People without power not for months, but for years and could also produce a catastrophic loss of life depending on how long the nations electrical system is down. So what do we do when weve got big utilities her
Editorinchief, megan murphy. You guys take a look at something, that is paypal for india. Megan this is a story that goes to the scramble in india. They extinguished their two largest bank notes to combat corruption and fraud in that market, but what it has really led to in this country and we see this in developing countries, the push for digital payments. What kind of space this is . The story it sort of captures that it is still wild west. We described it as a lot of people now pushing into digital payments. People dont even have cell phones. They are moving up the rung and theyre going straight from not even having a bank account or cell phone to processing all their payments online digitally. It is a multitrillion dollar market and shows how for people who are brave and innovative, who are willing to take risks, and really just sort of get that technology, and amass that technology, there is huge opportunity. Oliver there is a big point of conversation, the advent of fake news. Th
Megan this is a story that goes to the scramble in india. They extinguished their two largest bank notes to combat corruption and fraud in that market, but what it has really led to in this country and we see this in developing countries, the push for digital payments. What kind of space this is . The story it sort of captures that it is still wild west. We described it as a lot of people now pushing into digital payments. People dont even have cell phones. They are moving up the rung and theyre going straight from not even having a bank account or cell phone to processing all their payments online digitally. It is a multitrillion dollar market and shows how for people who are brave and innovative, who are willing to take risks, and really just sort of get that technology, and amass that technology, there is huge fortunes to be made. Oliver there is a big point of conversation, the advent of fake news. There are people combating it. It has become a big deal and played a central role in
On capitol hill, what is the anticipated first two questions going to deal with . Will it be regulations or his personal conflicts of interest . I was just outside the Senate Finance Committee Hearing room where a bevy of activity is taking place as we anticipate this hearing to get started at any moment. Already looking to define him as someone who is out of touch with the middle class. They even have former clients of one west bank and they will talk to reporters. Recruitedchin has other folks looking to argue quite the opposite and that he was able to help people particularly low income folks merger. One west the take away there will be a lot of pressure on his previous financial dealings. To marsha question blackburn, a republican, about how they will defend. Will come back to that and in a moment, thank you. Let me go to jim milstein. It sounds like they will talk character and so forth as opposed to actual policy. Does he get confirmed . We will see. Onhink they have the votes th