Impact and a price impact as you were talking about because here along the gulf coast and here in Southeast Texas in particular, there is some serious Refining Capacity down here. Were talking about some major refinery thats are off line now because of flooding, because of power failures and so on so were looking at the port arthur refinery. 603,000 barrels a day, largest refiner in the country, thats down this all told, the ones that you see on the screen, about a fifth of u. S. Refining capacity is off line and that is having the expected impact take a look at the scene right now in port arthur, texas. Rescues are still going on there is still flooding. Not far from that location is that motiva refinery which is shut down, they say, for a couple weeks but some analysts are speculating it could be long brer they finally get back in there and get it back up and running at full capacity and were just talking about refinery thats are off line there is also reduced capacity all over the p
A Textiles Company in yorkshire to find out how good we are exporting. In sport its not over yet for arsenal. Theyre up to fifth in the Premier League after beating southampton, just outside the Champions League places. And carol is out and about with the weather. Good morning. Iamat i am at Kenwood House in london where it is a beautiful yet chilly start to the day. For most of us it will be dry and sunny how whether there will be heavy downpours across parts of Southern England and south wales through the day. It will feel humid and some of us will reach 2a celsius. Do details in 15 minutes. Good morning. First, our main story. Labours draft election manifesto has been leaked more than a week before its official launch. The 51 page document was obtained by the bbc and several newspapers. It includes proposals to Nationalise The Railways and the Postal Service. A plan to create publicly owned Energy Companies in every region of the uk and the introduction of price caps. And theres a c
Violence in charlottesville in an erratic News Conference prompting more criticism and departures by key Business Leaders. I think theres blame on both sides. I have no doubt about it you dont have any doubt about it either. Only and if you reported it accurately, you would say it good morning its wednesday welcome to another episode of street signs. Want to kick things off with comments coming from the ecb saying that the ecbs president mario draghi will not deliver fresh policy messages at the jackson hole symposium which usually takes place the end of august in wyoming, in the u. S. He wants to hold off on that debate until the autumn. Thats according to sources familiar with the discussion once again, reuters reporting this morning that the ecb president , mario draghi, will not deliver a fresh policy steer at jackson hole. We know jackson hole is usually known forbig policy announcements, whether it comes from the fed or the ecb. A lot of people were expecting for fresh commentary
Happy monday. Very good morning to you from me as well. Lets check in on the Global Markets this morning. The session after the dow came in a fraction. 0. 37 of a point. Tat was wild. Dow futures up six points. Nasdaq futures are up five. And as for the 10year treasury note yield, what kind of read were getting after the jobs report came in weaker than expected on the headline. Best since 2009. That was taken as a positive, certainly in the bond market and the dollar. God bless you and 240. So we remain in higher yield territory post jobs. The yields differential was interesting. We saw yields slip and we went to a low of 2. 33. And a similar path for the dollar that rallied towards the end of the week to end the week flat. The chief economist sugge suggesting that the bond and currency market was calming down. Not so much in the equity market and he says always bonds are right on that front or maybe they just sold off a little too quickly too fast. Lets look at Global Markets this mor
Sure she invited you to hug it. You have to lean on it. Lean on it. Lean. Thats it. Now, neighbors are leaning on mrs. Jay, since she applied for the city to granthis tree landmark status. Everyone is concerned about Public Safety. This tree poses Public Safety risk . Should it fall . I got done telling you it lives to be 1,000 to 2,000 years of age. Neighbors tell us they worry about branches building on their children when they play below. If not for the controversy, they say this is just like any other redwood. I do not feel that this tree is adding to the beauty of the neighborhood. This is really about wealthy San Franciscoans high up on the hill with multimillion dollar views. In my case it isnt. Because im her downhill neighbor, my view is not impacted in anyway. The arguments drift left and right. All these new residents, all saw the tree before they bought their house. And zig and zag just beyond tourists on the crookedest street in the world. Wayne freedman, abc 7 news. We ar