Damage ahead. Early today starts right now. Good monday morning to you. Im ayman mohyeldin. Im betty nguyen. Greece has a deal just a short time ago. European leaders have introduced they have reached and agreement with greece to resolve its debt. 17 hours of allnight talks in brussels an agreement has been reached and include serious reforms and financial support. German chancellor angel merkel is behind the agreement and will recommend the deal to parliament so keep an eye on stock futures and see the reaction from the World Markets today. An International Manhunt is under way for the head of a drug cartel who escaped from his prison cell. It was a prison break by joaquin guzman, nicknamed el chapo. Mark potter has the details. Reporter when joaquin guzman, the notorious kingpin known as el chapo was arrested in february of last year, after a 13year manhunt, mexican authorities bragged they were cracking down hard on major drug traffickers and promised he would never escape from thei
Where is the value . We will talk to a Top Value Fund investor this hour. And he will point us to three stocks that he likes right now. How about the race on democratic side . There are 17 of them on the republican side there are three right now. Can you name t2 of the 3 on the democratic side . You know clinton. You might know sanders. You know omalley . Well, those two guys gore. The veeps, gore and biden may be getting in. More there are more and more questions popping up on the democratic side. Will gore, will biden jump in and challenge hillary . Mandy is out, sara eisens in at the new york stock exchange. Good to see you, tyler. Start with oil, watching that price move. Its been sharp today. Were off the lows of the session as we speak, actually pushing higher 42. 56 is wti. Earlier in the session we dropped below 42. We hit the lowest point since march 2009. Well see where oil goes next. Also want to show you some of the big oil companies. Exxonmobil is trading lower by about. 2
Market impact on Hurricane Harvey. 5 , the futures up highest level in two years. Texas is the largest cotton producer in the u. S. The next two indexes are interesting as far as what is being mortgagebacked, products or production. The higher this goes, the tighter we see the Product Market. The second is the vti versus signifying more production in the u. S. , meaning lower as it comes down. In texas, floodwaters overwhelm houston as Tropical Storm harvey inundatess texas, southeastern texas. Us is our commodities managing editor. In terms of the houston damage, this is unprecedented. If you are familiar with houston, this is a place that tends not to take water terribly well. In terms of the industry itself, we are starting to see refineries shut down as the storm moves west to east. Alix as far as the refineries shutting down and crude reduction, that is well known in the market. What is not talked about as much is how important crude exports are two men support. To mexico. They ha
Lunch starts right now welcome to power lunch. Stocks are lower at this hour. The dow getting another record intro day before the pull back health care attacked the best performing sectors S P Health Care 40 almost flat. Consumer staples off more than 1 good year tire, starbucks and mattel, the biggest drags on the s and a. Exxon, ge and dupont buying on the dow at this hour michelle, thank you very much welcome everybody. Tyler mathisen here. The fda announcing a plan to cut nicotine levels in cigarettes. Commissioner talking about this new proposal at a News Conference a short time ago. The nicotine in cigarettes is not directly responsible for the cancer, the lung disease, the Heart Disease that kill hundreds of thousands of americans every year yes, it got them all dignitied and it kept them addicted for the long term. It got most of them addicted as teenagers. But the other chemical compounds in tobacco and smoke setting tobacco on fire that cause the illness and death, not the ni
Steamy at 77 out there. 75 in plant city. 76 in fish hawk. And 75 in bartow. Theres actually a tropical wave off the florida east coast. And its going to draw the tropical moisture into our area. And i mentioned it wouldnt be out of the question for a shower this morning. Heres one maybe in the far eastern portions of polk county. But some may sneak into pasco or hillsborough as well. Just the 10 chance. And look at the coverage of rain going up through the day. Up to 60 late they are afternoon and evening. So at 6 08, we will take you hourbyhour through the day. And leslee is going to take you through the commute. We have a decent one right now. Holding on to a good drive. Lets look at whats going on in west tampa. Overall, a couple potholes out here. Depression eastbound Martin Luther king past himes. Looks like Activity Still out there. And then also this one is actually three feet by three feet. Away. So squeeze by on the right. A lot of cones so keep that in mind. And northbound i