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To the upside. Other news coming through about approvals for future houses as well. The asx up 119 points. Thats move along and look at other Asset Classes. Crude trading yesterday with a 33 handle, hasnt had a huge rally since then. Part of that is down to russia and opec looking like they will not be hiking reduction in january. That news helping to propel oil prices up to over 97 in the last six hours or so. ,old remaining where it was just shy of the 1900 level. Thats ahead of the u. S. Election. The u. S. Dollar index marginally down, the Rate Decision coming expecting a 0. 15 cut in the base rate and we do have in anticipation of all that move slightly higher than that, and thats down to a commodity related currency and the crude price helping that along. Lets head over to new york and join karina mitchell. We start with the latest headlines on the pandemic. Starling fell ....
Little ahead of expectation. The employment number has picked up a little bit as well. But you need some real analysis on what is happening here. Theres one man to ask, mike mckee, bloombergs International Economics and policy correspondent. Michael read into it what you want. The numbers for ism do come in at a headline level lower than the last month. 56 last month, 55. 4 this month. It would suggest a be a little slowing, but that is the statistical anomaly probably. It isnt a major change. We see drops in new orders and production, but those were very healthy. For for new orders, 61 production. It is not positive. There is still some contraction, but it is up to 49. 6 from 46. 4 . It does suggest some progress in adding back some of the jobs that were lost. Customer inventories is an interesting category a lot of people has been what a lot of people have been watching. Do you need to increase manufacturing to replenis ....
This is all about economics and politics and hockey. Wilsey. To r days is enough its been an interesting year for the markets. People have four days to get their accounts in order. Lets take our look news from vonnie quinn. Iraqi soldiers have recaptured the government complex that had been held by Islamic State since may. They were help u. S. And coalition aircraft. David cameron will visit communities in the northern part of the country that were hid by flooding. People been evacuated. The military has been called in to help. Rain, cameron called the flooding unprecedented. Leastul windows killed at 11 people in texas over the weekend. Over 1500 homes were damaged. Hardest hit was the dallas suburb of garland. The Top Legislature has approved the first antiterrorism law. It gives sweeping definitions to the crime and was chinese army to take part in counterterrorism oversea ....
A maryland mother is in live from the abc 7 broadcast center, this is abc seven news at 11 00 on your side. We startedhs near 50 the new year on a warm note. The weather is about to change in a big way. The low freezing temperatures and possible snow are heading our way. Meteorologist steve rudin is with us right now. We hear about the potential for a snow total to move in tomorrow night and into early friday. I dont think it will amount to a whole lot in the bc metro area. Bigger problems will definitely be had. Take a look at the temperatures outside. At 11 00 we are at 40 degrees at ration reagan national. Outside it is dry right now with no problems tonight, no problems with tomorrows rushhour commute. An area of low pressure will develop just off of the coast. That will become a classic noreaster, dumping a lot of snow across new york city and into boston. We have no advisories and no warnings, i think the biggest problem is the bone chilling cold that will arrive on friday. Weing ....