Smell the fire from here. We are about 15 miles south of Fort Mcmurray. The winds have changed making these masks necessary. We also have developments from the oilsands just north of Fort Mcmurray, rear learning that reuters that Conoco Phillips is the latest company to shut some of its operations in the region and learning from Canadian Press that oilsands executives are worried that the wildfire could create gaps in the northern alberta power grid. That would lead to more closures of operations in the region. This is a developing story. Officials say that the situation and conditions remain extreme and winds are helping to spread the blaze. Still we are about 15 miles south of fort muck murray where the fire began. Well continue to monitor. Woo currently on highway 63 i think were having trouble with her mike. Thank you. That sparking a big reaction in the oil markets. We are actually off the lows of the session. What needs to be ton to contain that massive blaze . Joining us on the
Sluggishness rising unemployment and the risk of deflation in the euro zone. Mario draghi considered confidence in europe something not heard in a while and massive Bond Buying Program will begin in just a few days. Today, reaction was in the currency market as the euro fell below the level for the first time in 2003. Details on draghis plan from the European Central banks meeting in cypress. Finally, going to start the Quantitative Easing Program. It will be next monday. And we also know now that the ecb is also going to buy sovereign debt with negative yield. Apart from that mario draghi left the doors open to perhaps even extending the qe Program Beyond the current planned date of 200616. It will depend on Inflation Development in the euro zone. But can say that mario draghi is very upbeat about the economic developments here in europe. Now predicting that gdp growth on average will reach almost 2 by next year and deflation will be back close to its target by 2017. Ecb is declaring
The dow closing 65 points the nasdaq advancing 0. 14 . The first wild card the Uranium Nuclear deal. Ive rarely seen an International Agreement thats this bewildering to investors. Is it good for the economy . Is it bad for the economy. Are they about to flood the world with oil now that sanctions are going to be removed or will it be a slow build. Will iran play ball and sponsor fewer terrorists groups or does this deal mean nothing at all . I always say, well, the conclusion, even a bad conclusion, is good because it eliminates the daytoday uncertainty that the market was suffering under this iranian negotiation. If iran and the u. S. Agree to the deal then investors might believe, rightly or wrongly, that the world is a more certain and safer place. And if the world is a more certain place, you have more of an inclination to buy stocks than to sell them and sit in cash. So yes, tangentially im saying this deal is good news for stocks. Will iran flood the world with oil, causing the
Mario draghi considered confidence in europe something not heard in a while and massive Bond Buying Program will begin in just a few days. Today, reaction was in the currency market as the euro fell below the level for the first time in 2003. Details on draghis plan from the European Central banks meeting in cypress. Finally, going to start the Quantitative Easing Program. It will be next monday. And we also know now that the ecb is also going to buy sovereign debt with negative yield. Apart from that mario draghi left the doors open to perhaps even extending the qe Program Beyond the current planned date of 200616. It will depend on Inflation Development in the euro zone. But can say that mario draghi is very upbeat about the economic developments here in europe. Now predicting that gdp growth on average will reach almost 2 by next year and deflation will be back close to its target by 2017. Ecb is declaring victory without having started the qe program in the euro zone. Annette. Did
Mario draghi considered confidence in europe something not heard in a while and massive Bond Buying Program will begin in just a few days. Today, reaction was in the currency market as the euro fell below the level for the first time in 2003. Details on draghis plan from the European Central banks meeting in cypress. Finally, going to start the Quantitative Easing Program. It will be next monday. And we also know now that the ecb is also going to buy sovereign debt with negative yield. Apart from that mario draghi left the doors open to perhaps even extending the qe Program Beyond the current planned date of 200616. It will depend on Inflation Development in the euro zone. But can say that mario draghi is very upbeat about the economic developments here in europe. Now predicting that gdp growth on average will reach almost 2 by next year and deflation will be back close to its target by 2017. Ecb is declaring victory without having started the qe program in the euro zone. Annette. Did