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will the sector drive the global equity rally through the european open? plus, $1 billion in cost cuts. rbs said to be eliminating jobs and close branches. will it be enough to push it to profitability? matt: we are less than a half-hour away from the european open. take a look at european futures. after the u.s. s&p rose to an all-time high once again and asian stocks were up overnight, we see european futures pointing to a higher open. i should point out that none of the major indexes in europe is out on all-time high. the ftse hit its all-time high in the beginning of january. a lot of the other indexes are waiting until are a year away from their all-time highs. they were in 2015. take a look at bunds. i have the open. this is a tj two-day chart of bunds. this is the friday trade. opening with yields coming down somewhat, 0.328%. i should point out that we are still at very low levels, if you look historically, and takeaway inflation. i have got a chart that sho ....
telling us some extra curriculer activities have been cut. i can tell you my daughter was in sciences. i was in art club. they cut the art club this week. she paid $15 last week to join art club and not getting the art club anymore. reporter: all right. as you can see, they are trying to let more people into this meeting right now. we should mention there s a for the november election. if that doesn t pass, the school board has threatened there could need to be even more cuts. romona, mark? mark: denise, for those who might be new to the story, can you explain where this money went to begin with? reporter: mark, when we were covering the story, the superintendent said they have located where this money was where it was misappropriated students, we are told by the superintendent. we are out here and we will continue to bring you live reports as the evening goes on. follow us on facebook and twitter for updates as well. asking questions, getting answers in parma, ....
house. the people who live here, well, they are focused on hope and prayer for the baby shot in the head and the little girl who took a bullet to the back. chaos at this house on cleveland s west side and today absolute heartbreak. i don t know who would do this. sally davis is the mother of the girl on the right elizabeth and the grandmother little savannah both shot when someone opened fire on their house where they arms. my daughter was on the front stairs where her little girl was sleeping on the shoulder. the baby got hit in the back of the head. and it went from her head and struck my little girl sitting in a chair watching tv in her house. reporter: it happened at 9:30. 7 to 8 shots were fired and no one seems to understand why, a robbed a woman. shortly after they left. the door was open. the shooter rolls by. you go and get this creature. reporter: sally says the older girl elizabeth is expected to be okay. the baby, they are told to prepare f ....
head and struck my little girl sitting in a chair watching tv in her house. it happened at 9:30 last night. 7 to 8 shots were fired and no one seems to know why, the police report indicates a few men approached the house with a purse boasting they just robbed a woman. the shooter rolls by. i just want to go and get this creature. he needs to pay for this. elizabeth is expected to be okay. the baby, they were told to prepare for the worst and amazing she made it through the night. this girl is one tough cookie she s been tough. reporter: last check, the baby is in critical condition. it came from a four-door black car and there s surveillance video provided to police by a neighbor and it insured help significantly. getting answers in cleveland, catherine bosley, cleveland 19. romona: also tragedy in lorain county. a little girl died and a boy fighting to stay alive. two toddlers fell in the pool. they are not breathing? it happened in pittsfield township ....
moves north. it could be the worst part of this is still to come. reporter: hurricane force winds snapped trees and destroyed the side of a boathouse. all over the state, debris littered streets. in jacksonville, huge waves crashed ashore. officials are worried matthew s storm surge could cause major flooding in low lying areas. on top of the wind, the storm surges are going to be significant. 10 feet plus waves. reporter: they re g t from this widespread and powerful storm. south carolina s governor pleaded withholdouts to leave. there is nothing safe about what is getting to ready to happen. reporter: officials say more than half a million people are without power in florida. marley hall, cbs news, orlando. mark: marley, thanks. matthew is blamed for 500 deaths now in haiti alone. beth, where is this hurricane now? where is it headed? beth: right now it s off the coast of jacksonville. probably in the in florida. the longer it stays off to the ocean ....