74 million people are under heat alerts. we re talking temperatures up to 25 degrees above average in some places. and right now, texas is bracing for what was just named the first tropical storm of the season, tropical storm alberto, heading toward the gulf coast. and fast. meantime, out west, those deadly wildfires rage on with firefighters battling that relentless heat, and we have team coverage this morning with nbc s sam brock in galveston, texas, nbc s maya egoland in coney island and we have your meteorologist standing by with your forecast. storm prep is already under way there. this is now tropical storm alberto. what is the latest, sam? reporter: sam, we re having a hard time with your mic. let s work on getting that. let s turn to maya who is here in new york, one of the places experiencing these extreme temperatures. how are people coping, maya? reporter: hey, ana, as you can see behind me, some people are coping by taking a dip in the water, but it is ext
Tom, we had a little bit of eurozone data out. Continue watching a lot of the banks. We are waiting for Standard Chartered. Hsbc all about costcutting. I do not see how that could be a good strategy. Costcutting is front and center but all the focus is away from Standard Chartered on those European Banks. Bid thisbit of a morning. Francine they do a little bit. Certainly some of the stronger banks. Standard chartered coming up, we have to look at pretax, worse than expected. It is the Capital Buffers that investors are watching out before out for. Ct1all, that first half capital ratio 13 13. 1 . Pretax a little bit below. Capitalirst half ct1 ratio 13. 1 . Tom Standard Chartered is an emerging market proxy. Youve got the mexican peso out to to 19. That is all you need to know about emerging markets. Ian markets more than Central America but you make a very good point that this is not really a u. K. Bank. They are headquartered here but it is an asian bank. Lets get to first word news.
Reporter in these five buildings 40 rent regulated apartments were lost, leaving 90 people without homes. My house got destroyed. Everything in my house is destroyed. Reporter a devastating loss and a narrow escape. I was in the shower when my brother started saying there was smoke. So i ran out of the shower, got dressed, ran out of the building. Reporter quickly spreading between five 3story buildings this raging inferno went to six alarms. From this video, shot from a drone overhead, you can see how the fire consumed these buildings. It is believed to have started inside one building, which also housed a church. The fire spread quickly because of the way these buildings were built. I think more what caused the fire to spread tonight is the construction of these buildings. They are attached Frame Buildings and that is what happens. Reporter as arson and explosion detectives begin their task of finding the cause, City Building inspectors try to determine which can be we need to work t
President obama is greeting the connecticut huskies who the ncaa earlier this year. And nate commissioner of the nhl will join us. And the commissioner of the nhl will join us. Then we will do lunch. At commodities after the jobs report. The s p, of course, what a closing. We are on dow 17,000 watch. Euro nymex dont do much this morning. Onto our second screen, the vix well under 11. It shows bull market enthusiasm. There is the dow again. To 1. 40. Bears scrutiny that would be stronger euro, weaker yen. Call it the antidrug and move gi move. Ntidrah this is just the s p 500 with some moving averages. Are two standard deviations of price movement, of volatility. The rail. S writing we are right on the edge of moving up, showing the market line with that enthusiasm versus where we would be if we were gloomy. In other words, let me try to wrap my head around that. These are two standard deviations, meaning 97 should be within the bad. The upper end of the band means maybe we are a little
Premier Fund Managers Ltd acquired a new position in shares of Phreesia, Inc. (NYSE:PHR – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,650 shares of the company’s stock, valued at approximately $299,000. Other institutional investors and hedge funds have also made changes […]