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Good morning weve got a big show this morning joining the conversation fox business megyn mcdowell and tom bevin and pollster of partners author of persuasion lee carter the great to see you. A lot of news to talk about today actually first lets talk about futures in china. Because markets are up this morning pointing higher this morning, a gain of start of trading gets because of some optimism over potential deal with china. China said it is going to raise penalties. On i. P. Theft surveillances major point of the negotiations with states and continue trade talk last week this has to be a positive. I think a lot of people are feeling this. But do we believe this . That china is, in fact, going to enforce this that ip theft is against the law . This is not even a trust that verify situation because we dont have any trust with china baked into their Business Model with i. P. And you know theyll have to prove themselves i think befo ....
Glencore goes from doom to dividend in the space of year. We will break down the numbers. Its turn our attention to what is happening in the market. Show you what the gmm looks like around the world. Yesterdays solid session, and a big outperform a, italy up id two points, 2. 3 . This idea that maybe the ecb will step up and deliver for italy if we get a negative result in the referendum continues to move markets. Also what is happening with italy. Iron ore surging overnight in china. The medals are definitely doing well. As you can see on the commodity board. They continue to power ahead after the massive move we saw yesterday. The dollar is weakening, we down by. 3 of 1 . Mnucll watch what stephen hin does. Still trying to understand the parameters of what this new cabinet is way to look like. That is a significant factor. We will continue to talk about it. Bond markets waiting for data, there is an awful lot of data coming out of europe. Let me run you through where the fair value i ....
Lauren always on the price of oil. A 2 rise for cruz. Zero so close to 50 a barrel for 9. 85 a barrel. Nicole we will also show you some to your next post of video from venezuela. A country collapsing before our very eyes. Venezuelans rooting through trash and eating out of garbage. Lauren meanwhile, protesters planning to march outside a mcdonalds annual Shareholder Meeting pushing for 15 an hour minimum wage. True to his forthcoming the Cleveland Cavaliers regain control of the Toronto Raptors in an hockey for the first time the San Jose Sharks are headed to the stanley cup finals. All the highlights coming up. Lauren 5 01 a. M. rightparen new york. It is thursday, may 26. Welcome to fbn am from your first look at todays market from its latest breaking ....
It is very frightening. Well, the federal government is now covering some of the costs of the fire. It will reimburse the state up to 75 of what its been. So far no injuries have been reported. And the cause of the fire is still unknown. Illegal fireworks started this grass fire in antioch last night. Flames came dangerously close to park middle school. Plenty of dry fuel on that hillside helped the fire grow to an acre after a half. Fireworks are illegal in most bay area counties. Lawrence has the weather. We are seeing that sea breeze again this morning. The good into us is it carried with it some patchy fog and some higher humidities. So the fire danger running a little bit lower this morning. But were also seeing a breeze kicking in too so toward the afternoon that wind will be picking up again so they are fighting that fire in the north bay some southwesterly winds expected there about 10 to 20 Miles Per Hour gusting to 25 of ....
They approved 325,000 for the unit. The chief tells ktvu she is pleased about the funding. It is less than what the department asked for but it will cover the cost of two additional arson investigators and bring the unit to six. The funding needs approval of the full board. San joses airport director is urging stronger security. Two months after a teen scaled a fence and hid in the wheel well of a jet to hawaii. Ktvus tom vacar spent the day at the airport and he reports on where he go from here. We go from here. They have been coming to san jose airport for several years to shoot pictures of planes they post online. Things changed after the fence jumping stow away accident where he began his trip to hawaii in the wheel well of a jet. A lot of times they stop and check on what we are doing. This time they checked and talked to us and just seeing what we are doing. They do seem to be talking to us and stopping and checking on us. Reporter since the hawaiian incident they are starting to ....