Have a look at where the european equities are trading right now. 30 minutes away from the end of the tuesday session, stocks are heavily down today after that north Korea Missile Launch over japan. We are seeing a real flight to save havens. Currencies arising against the dollar. It is the yen and the swiss franc are preferred haven currencies today. You have bond yields declining and gold rising today. We had some data on the u. K. Housing today. They are cooling in august after the economy slowed in the first half with a 2. 1 annual rate matching maze reading, which was the smallest since june 2013. 1 he month, prices fell and the economy posted the weakest expansion among g7 nations in the second quarter. Faster inflation and uncertainty about the future of the eu weighing on consumption and investment. It, see overall growth at 1. 5 this year compared with 1. 8 last year. Nationwide expect house price growth to average about 2 this year. Look at where annual house price growth was
Harvey. Air force one touchdown in downs christi touched in Corpus Christi. The president was accompanied by the first lady and ted cruz among others. Mr. Trump is also expected to survey the damage around san antonio. He will keep away from houston where parts are still dangerously flooded. Promising texas will get emergency disaster aid quickly. He says there will be a very graphic reaction from congress. Signs there may be a political fight over the money. A top texas conservative suggest he wants to cut spending to pay for the response to harvey. Estimates for total damages caused by the storm continued to rise. Economic losses projected of 42 uplion, up 12 to billion 12 billion from monday. Potentially surpassing Hurricane Katrina did. Katrina in 2005. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Is in President Trump Corpus Christi. He will travel to the capital for briefings on relief ef
Economic losses of 42 billion, something not to be possible. Up 12 billion from monday. The trip follows the potentially surpassing Hurricane Katrina in 2005. Secretarygenerals meeting yesterday in jerusalemit less than 30 of harveys losses are likely to be covered by private insurance. Life flooding will continue in southeast texas, according to the governor, and he is urging residents to listen to state and local officials and spoke on radio stations in san antonio and corpus christi. Trumps 2020 Reelection Campaign urges supporters to donate to Disaster Relief efforts for Hurricane Harvey. The email urges people to help fellow americans in need. President says he hopes that the administrations response will be regarded as a model. At a briefing with texas officials, Governor Greg Abbott called the response so far very effective, to which the president replied we will congratulate each other when its all finished. Global news powered by 2700 journalists and analysts in over 120 count
Round 2 threat may push rain levels above 50 in houston surpassing a record set in 1954, all american storms ever. Levees have spilled over after reaching capacity three hours ago. Breakages at key dams. In a cruel twist of fate on the 12year anniversary of hurricane katrina. Louisiana is preparing. They are about to get whipped by the storm. You see the pictures of people filling sandbags. Flood warnings already. Some watches in place and katrinaravaged new orleans, braces for impact with. All of that, a diplomatic storm swirling as north korea saberrattling turns to outright jabbing and poking. Kim jonguns regime shooting off a new missile test that sailed over northern japan. Which nation will he target next . By the way, we want to let our viewers know, we are waiting for President Trump to arrive in austin, texas here, was already in Corpus Christi, continuing his tour of the Harvey Disaster relief efforts and then heading to the white house where north korea has to be at the fore
North korea selloff. All slightly of the green. Lauren the nikkei in japan getting three quarters of 1 . The shanghai composite done fractionally. Train to Warren Buffett becoming a bigger Shareholder Bank of america with billions of dollars in gains for his financial crisis investment. He sat to speak with liz claman later today. We will have a preview for you. Fbn am starts right now. True in three good morning. 5 01 a. M. In new york did thanks for joining us. And lauren simonetti. Cheryl thanks for joining us. Im cheryl casone. A lot of breaking news including what i just told you about. Harvey making louisiana. 12 years ago was devastated by Hurricane Katrina landfall near the texas louisiana border. This comes as catastrophic flooding is continuing in southeastern texas after the monster storm dumped more than 50 inches of rain in parts of the region and that was a record. Lauren yes it was. Authorities say at least 18 deaths have been reported and its still hard to tell. Among t