[inaudible conversations] the Senate Foreign Relations Committee will come to order. We will do a little bit of the front end and hopefully will take care of the business quickly and i know people have other meanings and it will move to the hearing itself. We think our witnesses for allowing us to do this and were glad youre here. We have a number of items on the agenda today ander we will movea number of nominations and Foreign Service officer led and will also take up as 1928, multilateral act of 2017. I want to think senator coons for his leadership and hard work on this bill. L. I want to also recognize isaacson, rubio, young, cain and merkley for their contributions to thisct bipartisan important legislation for the committee. This bill will establish a process for conducting injected reviews on how well multilateral institutions carry out their missions with our funding, the authorities after review. Eleven years. Through this process we will be able to evaluate their performance
Stoxx 600 after a selloff in Technology Stocks. Meeting, we understand that russia and opec will extend their production cuts. Eurodollar, im looking at that, also pound. Maybe finding an agreement. With some of her possible coalition partners. Later on, we talk italian banks and risk with claudio costamagna. Interview yousive dont want to miss as well. Minouche shafik joins us in her first tv appearance since leaving the boe. I, we will talk with the socgen chairman. Lets get to the bloomberg first word news. Nejra u. S. President donald trump has nominated Marvin Goodfriend to be a governor of the Federal Reserve. A professor at Carnegie Mellon university and a former director of research at the richmond said goodfriend has served on an independent panel of economists known as the shadow open market committee. Opec and russia are ready to extend their Oil Production cuts until the end of next year to ensure global stockpiles keep falling. Viennang to delegates in , all opec members a
It is. 29 in petaluma. Tiburon is 39. 39 in tiburon. Wow. 38 in point reyes. I hit the wall here. I almost did a [laughter] 29 occidental. Graton at 28 degrees. It is cold for everybody here. The higher clouds are moving in. Over time, i think enough will spill in. This will moderate the lows from getting as cold. No rain associated with that. Temperatures though in the 50s. All right, sal. 7 01. Weve come to the conclusion, right. Yeah. I have come to the conclusion that between and you me, we are going to be in the boss office after the show this morning. Just kidding, everyone. I hope so. Lets take a look at the commute now on 80 westbound. It looks pretty good. And steve and i have been saying and this is a rather serious point, you are driving on roads that are a little more wide open so you should be more careful. People are driving faster and when crashes happen, they tend to be more serious. Be careful over the Holiday Weekend. It looks good from the carquinez bridge to the mac
As they try to put problems behind them. And the new heart drug may outweigh the benefits. Welcome to street signs, everybody. Lets look at the markets here in particular i want to show you whats going on with the da x. We have only one stock in the green. It is starting the trading week down by seventenths of 1 after a flat week last week over the past year to date period it is still up by 6 not doing too badly. It is telling about the struggles this index has been under where it is down by 1. 3 one of the reasons we could be seeing a number of these stocks down is the strength of the euro on the back the euro is at two and a half year highs against the green back thats when a number of companies go red and were seeing some Energy Related assets move lower in light of what steve was saying about Hurricane Harvey theyre taking activities off line, costs money every single day, ramping up costs money as well, and if theres damage to infrastructure, that costs even more lets look at othe
Can. Tomorrow galveston is supposed to get whacked inforecasts are wong that could impact the refining industry, which is already hurt. Most of the refineries are about three, four miles that way a bunch of them are shut down. An estimated, lets call it 15 of Refining Capacity offline we dont know exactly for sure, marathon petroleum, for example, was cagy, said we dont give updates. We drove by the refinery today there wasnt many cars around. Thats why were seeing oil drop because if youre not refining, youre not putting into oil. Theres another angle for you and the traders which i would talk about which is onshore. Houston is a humanitarian issue. Thats a whole bigger different issue. Lets focus just on the narrow issue of refining. We talked about oil here dont forget about the Eagle Ford Shale and inland. Its not getting headlines now because of whats happening in hust houston however, seaport security are hearing there are slowdowns in production or disruptions in production beca