Today. An accounting issues. Well have the latest details and what it means for the future coming up. Also, etna following uniteds lead and announcing plans to pull out of most of the Obamacare Exchanges this its involved in next year. And will that lead to big price increases now that theres less price competition at those exchanges . Well hear from the ceo of a major insurer whos doing pretty well in obamacare. Thats coming up here. And financials have really missed out on the recent record rally but is now the time to bet on the banks . With more hints the fed may raise rates again. Oh, by the way, a big move by an investor into one of the banks. Well hear from both sides of the debate coming up. A lot to get to. Lets begin with the markets pulling back from yesterdays trifectas. We put it. Closing the Closing Bell Exchange today, Michael Robinson of money morning. Com, ben willis of princeton securities and rick santelli, if its tuesday ric t rickster is back again. Hey, ben, so bi
The sidewalk when this happene happened. Heres cornell. Reporter we have learn the twoyearold boy who was killed here today was named jeremiah ezra. Neighbors say he was playing around this apartment complex here on 35 avenue around 2 00 p. M. When he may have darted into the street and was struck by an ac transit bus traveling northbound on 35 avenue. The child was pronounced dead at the scene. It is unknown how fast the bus may have been traveling but there was Road Construction at the time according to police and that slowed traffic. The driver has been on the job since 2011. Im actually heart broken. I was speaking to the sister right before i went to my doctor appointment. Kids play out there all the time. It is a busy street. Reporter at this point he will conduct drug alcohol screening. Thats standard in an event like this. We will also offer that operator as much therapeutic care as possible. Very tragic and heart breaking incident. We all take it to heart and oakland is our co
Most influential summit taking place right here in our european headquarters. We are about to hear from the Deputy Government at the bank of england. But first, here is the bloomberg first word news. Ted losses on signs saudi arabia may compromise with iran. The Countries Oil minister gave the strongest indication the kingdom could reach a deal in november. U. S. Government data is forecast to show inventories increased by 3 million barrels. Deutsche bank shares are trading high after it agreed to sell its u. K. Insurance unit to phoenix group. The ceo has told the newspaper that capital is currently not an issue. And accepting Government Support is out of the question for us. The government has come under increased pressure. Payl bank of scotland will claims iton to settle sold faulty Mortgage Backed securities to u. S. Credit unions. The agreement closes lawsuits filed on the half of two credit unions. Rbs has not admitted fault and says the cost is covered by provisions. Two Senior
Bear market so we are flirting with the bear market as did china today. Today orporate story it happened in france, it lt, thed with renau french carmaker. Aslier, they fell as much 23 . Thats the most since 1999. Offices were raided by government investigators as to part of the probe into vehicle admissions. Took the auto parts index with it. Almost half of those losses but the fear is we have another vw scandal on our hands. Betty as if we werent uncertain enough. Now here is another Troubling Development in the Auto Industry. Of your broader to one favorite topics, the bank of england. When are they going to hike Interest Rates . No one was expecting them to do it today. Mark how to make the bank of england meeting sexy. That is my aim. Today, he is citing outside risks to domestic costs and he says the recent depreciation in inflationmight push above target. Prospect of a lower drag on inflation, but the takeaway was this the confer,m outlook as we we have to say it is looking unli
I look to the stoxx 600. What are people saying . Jonathan the only good news is we are on session we open much lower, down as much as 3 at one point. It is classic risk aversion to equities. Yields go lower, the dollar yen goes below 120. For me, the big headline is china, china, china. Nonmanufacturing pmi. The story we have been told over the past 12 months is short their manufacturing will weaken but services will improve. Erik i want to bring mike into this as well. Is vicks is what everyone talking about. The volatility that comes as a result of the implied vote of futures. The best thing we have got going , this is the ball in european. Tocks it is up 10 right now but that index, again, this is our best proxy until the vicks starts trading at 9 30. Session lows. The caveat is european volatility has picked up at a time when actually u. S. Volatility, the vicks, has stayed pretty much muted throughout the year. Finally, the vicks woke up. European volatility is being heightened a