Stronger. Now the question is, are we in a crypto currency bubble . When could it pop . First, our lead. It is a redefining moment for the samsung note line as the south Korean Company unveiled the samsung note 8. It is their largest phone yet and could be its most important. After last years exploding battery fiasco, consumers could be hesitant to pick up their new phone, however, samsung is confident that the problems are fixed. It wants to move forward with its best mobile device yet. Our bloomberg representative has the story. I am in midtown manhattan for the unveiling of the samsung note 8. The stakes are very high, since it is the latest version since the galaxy note 7 was recalled after reports of catching on fire and exploding. Lets take a look at it. The note has always been samsungs biggest phone. One with the screen so large, it has been compared to a tablet. Now, the screen is getting even bigger, measuring at 6. 3 inches, to be exact. The note 8 has an improved camera wit
Down oil and gas production. Haidi hello from sydney. This is daybreak australia. We are talking about the first major market open. Betty i am betty lou. This weekend has been quite eventful. Just what happened over the weekend with Hurricane Harvey, hurricane category four slamming into texas. The fiercest storm and 50 years. The worst hurricane since 2004. A quarter of the production now expectation is it will not hit the whole of the u. S. Economy but certainly texas itself. Lets get a quick reminder before all of that happened how stocks traded on friday. Watching with bated breath what janet yellen was going to say, she was on message friday. That meant the market did not trade that much, not a lot of volatility as we saw by the end of fridays trade, the dow up 30 points. The s p up 0. 1 . The nasdaq trading unchanged. We have a lot had this week including jobs data in the u. S. , likely to dominate the chitter chatter in the market ahead of the data on friday. That is a mixed ope
From texas Lieutenant Governor dan patrick with us. Plus Committee Chairman congressman mccall is here. Also the fallout from the pardon of sheriff joe arpaio. Was it the right time to make this move . We will talk to a congressman about that. Tough reelection battle, arizona senator jeff flake takes on President Trump. Will that tactic score many points against his g. O. P. Primary challenger dr. Kelly ward . As we look ahead right now on sunday morning futures. And we kick it off of course were watching a very dangerous situation unfolding as we speak this hour in southeastern texas. Houston, the nations fourth largest city, inundated with widespread and catastrophic flooding. Over 1,000 water rescues performed there overnight. So far at least two have been confirmed dead. The number is expected to climb. Emergency responders are simply overwhelmed. Officials are telling people in the houston area to call 911 only if you are in a lifethreatening situation. If your life is in imminent
Regulations and reform has made the u. S. Financial system a safer place. Maria the market seemed to like the fed chairs comments. Dow closing higher in the nasdaq and s p also turning positive for the week three President Trump letting out his new plan for the war in afghanistan. The president says the u. S. Will shift away from nationbuilding approach and instead focus on killing terrorists. The u. S. Will also put more pressure on pakistan a country that harbors taliban. Plus trumps chief economic adviser gary cohn says hes facing enormous person pressure to resign after the violence in charlottesville. He even drafted a letter of resignation. In interview with the Financial Times he said the must do a better job condemning neonazis and white supremacists. Colin is a key member of trumps Economic Team and is noticed to be on the shortlist for the next Federal Reserve chair. Your asparagus waters about to get a bit cheaper. Amazons 13. 7 billion acquisition with whole foods closes on
Gradual plate gradual pace of raising rates. Corrects inflation is not at 2 . Before we move policy get to the gold otherwise we are going to be behind. Driver, set tow to steer its ceo out of crisis. Anna a very warm welcome from us in london, i am and i words. I am anna edwards. Matt imf miller. Anna talk about the United States and houston specifically. So much of the United States energy market, a landmark hurricane, a landmark storm now earlys over texas area estimates of what kind of Economic Impact we might see here, 24 billion dollars. Stay, howhe reins to long they keep falling is going to be one of the key questions. What has this done to markets . Gasoline spread flying as harvey looms. Futures are the same. Oil steady but refineries have been flooded. More than 10 of the fuel making capacity. FarColonial Pipeline, so from houston to the east coast of the United States it seems we have no word that it is not running as normal. Certainly that would be one way that this crisis