At 53 basis points and well discuss. David . David time for an update whats making news in the business world. Good morning, emma. Emma 40 People Killed and dozens wounded this morning in the suicide bombing in the Afghan Capital of kabul. Explosions walked the center and afghan news organizations. Interior Ministry Spokesman said the exact number of attacker is unknown. Islamic state claimed attack. Bility for the in the u. S. Secretary of state Rex Tillerson written an oped defending u. S. Foreign policy under donald trump. He lauded the attack. In the president s move against north korea and Islamic State in his first year in office. Tillerson wrote, quote, in spite of the challenges i remain optimistic about the power of diplomacy to resolve conflict and advance american interests. President trump rejected reports earlier this month he was about to replace tillerson. Nd the u. S. Endured 15 weather related disasters costing 1 billion or more through the month of october. According
Tom lets begin our friday coverage. Here are top headlines with vonnie quinn. Vonnie they would have had real snow, where beijing will have to import snow. Representatives of the ecb, imf and European Union are meeting in athens with the cabinet minister. Tsipras made troika a dirty word during the campaign. There is a rebellion among members of his party. He told lawmakers today he never had time to lead greece out of the euro. Shares of linkedin are falling in premarket trading. The professional networking website forecast revenue. There is concern that linkedins growth is slowing down in its core business. President obama is warning that opponents of the nuclear deal with iran are putting the squeeze on congress. He held a Conference Call with allies last night and said supporting that it will be tough for lawmakers i can tell when they start getting squishy. A Top Lobbying Group is pressing for the deal to be rejected. And fitness fanatics cannot get enough of soul cycle. The chain
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
For the week. Vonnie 1. 5 Million Dollars worth of savings will help contribute because this is an allcash deal. An exciting day for the industry, specifically when you consider that they have been trying to consolidate and there are so many unsolicited bids between companies, monsanto included, and now monsanto is on the receiving end. Jon and the potential of that deal is being reflected lets get you up to speed on markets. Futures where are we . Im not sure we are that saw on the dow. We will update you on that in a moment. S p futures down. That is one year and not intraday. Moves, theyraday are your oneyear moved spirit lets switch up the board very quickly. Hopefully they are intraday moves through they are one year moves once again with euro down. That is the reality today, down by 10 over the last year. Around thes go world and check in with our Bloomberg Team for indepth coverage of our top stories. Matt miller is in berlin on buyers push for monsanto. Enda curran is in hong k
Improve, saying that most districts reported Consumer Prices holding steady. The key one, Economic Activity expanding in most districts. Last month we saw the Economic Activity expanding and nine of the districts, getting a similar story from the fed beige book. Also saying that wage growth varied considerably by variance there. We will get more on the labor Market Leader once we get that monthly jobs report from the government. Get right over to the markets desk where julie hyman is sitting. Any reaction, julie . Julie typically we dont see a big reaction to the bache book, right . It just gives color. The fed saying that Consumer Spending rose in the majority of the middle of in headwinds from a weak energy sector. No surprises there. Second that the stronger dollar with global headwinds is hurting exports again. We are already seeing stocks in a tight range and they remain within a tight range as well the nasdaq has been the day and it remains it as stocks bounce around. Looks like