it. of we have been watching what has been going on on the louisiana coast for the latest headlines on hurricane laura, that has preoccupied people. here in europe, also waiting on the latest developments from jackson hole. just as we see laura weakening to a category three hurricane, although we know they can still linger it still do damage. tom: 120 miles per hour maximum wind, but the landfall of 160 was extraordinary. the shape of the storm has changed as well. with our first word news in new york, here is ritika gupta. ritika: good morning. it is one of the most powerful storms ever to hit louisiana. you were just discussing hurricane laura, it made landfall near cameron, louisiana with maximum winds of 150 miles per hour, plus there is a threat of a catastrophic storm surge and flash flooding. there is concern that damage could leave areas and uninhabitable for months. it will also shut down a third of the region s refining capacity. winds have died down but laura i
anna: absolutely. trade commissioner phil hogan forced to resign because he attended a golf event which had normal times would not be that controversial, but these are not normal times. it is being investigated as to whether it broke the covid rules in ireland. as a result, he was under pressure and had to defend himself. commissionropean needs to find a new person to fill that very busy trade brief. but this sets a very interesting precedent. will we see other commissioners held to that? tom: let s do an unseemly data check. i will focus quickly to get to hurricane laura. futures negative eight and we watch the real yield which is -1.06. it is a huge deal as we go to the powell speech. anna? anna: my data check has european equity markets waiting for the powell s beach powell speech. we heard from rolls-royce a little bit earlier on and they reported a huge loss. this is the maker of aircraft engines. in the stock is down 7.8% in london right now. they get paid by the ho
whether we are any closer to a phase one deal between the u.s. and china. the s&p 500 hitting another reluctant record, i would call it, and u.s. futures on the front foot. the euro study. we sought strengthen steady. we saw it strengthen against the dollar yesterday. 1070 right now. general concern about growth in u.s. stockpiles, meaning it is trading at 56.96. coming up, we speak to the managing director of the fund,ational monetary kristalina georgieva. don t miss that. markets pushing down the 10 year treasury yield last week. let s get the bloomberg first word news. today, the public hearings of the impeachment inquiry start again. the u.s. house intelligence committee plans to hear from 8 witnesses this week. they are examining if the president lied to special counsel robert mueller. this comes as president trump says he is strongly considering testifying in the investigation. the u.s. reversing its stance that israel s west bank settlements are illegal. the move i
i m guy johnson. francine: and i m francine lacqua. we are getting breaking data out of germany. the figure for current assessment, pretty much in line. if you look at business climate current assessment, they are less. guy: 106.8. the median forecast 107.7. slightly on the light side. interesting thing is why german industry feels that it needs to be less optimistic during it i guess there are still ongoing issues with russia. francine: greece. it just finished so there were all these ongoing situations with the negotiations in greece and that huge deal with russia. that would kind of explain it. guy: 113.28 is where the currency is trading. the u.s. dollar down by about 0.5%. francine: after friday s dramatic deal in brussels, greece s prime minister has just a few hours left to submit reforms. guy: we have every angle on this story covered. joining us from berlin, our international correspondent, hans nichols. from the dread, charles. from athens, erik schatzker. hans, let
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