Those blasts sent massive fire balls into the nights sky. The initial blast erupted at a warehouse for Hazardous Materials and triggered other explosions at nearby businesses. Those explosions could be felt miles away. The cause at this point not immediately clear. Lets take a look at some live pictures this morning from tianjin china. You can still see the smoke cloud billowing. We heard from hyundai. Well take more of a look at whats happening with china in a bit. About 4,000 imported vehicles were destroyed by that blast. Heres the big stories today, China Central bank holding a News Conference in beijing overnight arguing theres no basis for continued currency depreciation. Earlier in the day they set the rate below yesterdays close. Well have a live report in a moment. Athens wants to see a vote before a euro zone identifinanc meeting tomorrow. It argued it lacked clarity on the direction of policies. Here in the u. S. A busy day on the data front. We get jobless claims, july reta
Slashing its stake in ibm, if you are tempted to sell, you may want to start off with first what looks like paradise. We got strong earnings, strong jobs report. The house passes its first steps to repeal and replace obamacare. Oil and interest lates are low. So, two questions here tonight. Is this stock paradise and if it is, what are you buying, guy . Its been stock paradise now for the last seemingly seven, eight years, i think it continues to be, regardless of whether or not a tick should be and the easiest trade if there are easy trades is the financials in the form of the x lf against the 23 level, which we flagged. Tim talked about it a couple weeks ago and j. P. Morgan which traded down to a critical level of 84 bucks. Both of them closing on change today. Few look for riskreward in this environment, i think both those trades work. There is a battlegrounds setting up for the 24 level in the s p cash. This to me speaks to how bad corporations thought the last eight years were. T
Matthew is pounding florida. Our Morgan Brennan is live in Daytona Beach this morning. Good morning, morgan. Good morning, guys. Ill tell you its picking up strength here. Weve had some pieces of the building, this hotel were staying in as well as tiles from the roof have been detached and flying off in the wind just a short while ago, weve got a downed lamp post on the ground behind me and water starting to pool on the ground as well. So this is becoming more and more severe. Now, in terms of weve also seen 67mileperhour gusts of wind, i should note. In terms of where Hurricane Matthew is, it is about 45 miles eastsoutheast of Daytona Beach. Its moving about 13 miles per hour, and that means were going to see the worst of the storm begin to play out some time between 10 30 and 11 30 a. M. Eastern here. Meantime, the space coast, which is further south of us, has really been getting the brunt this morning. Youve got Cape Canaveral reporting wind gust of 107 miles per hour. And in nearb
But it could come at a little bit of a price. We start off with the markets here. We had an interesting move, negative yields around the world, the tenyear german bond yield going below zero for the first time ever. Tim . Yes, i get it within the european union. We talked about this, other places to trade if brexit happens. The periphery was selling off in yields. If you think about what happened in the u. S. Bond market today, we got very close to the february 11 cloes on the tenyear. And then traded back. Interday it was ugly. Same thing with the s p. Ultimately settled at the important 2075, 2076 level. Ultimately i think markets right now are digesting the fed. Even if the fed is out of the picture for tomorrow. Yes, they are. Theyre going to make a statement. I think this is something thats going to inject more volatility. This is the fed and not about brexit next week. I think its the entire mosaic. I think when you talk about equity volume here in the u. S. , people talking abou
Donald trump and explain why in a video posted on line. The reason i climbed her tower was to get your attention. If i use conventional means i would less be be less likely to have success. Maria there you go the details coming up. A dramatic race in canada thwarting potential terrorist attack a suspect killed by police after detonating an explosive device. Breaking overnight an explosion at an apartment complex in maryland. Dozens and injured in looting firefighters. Millions of americans left out of the house and recovery look at whats driving the decline in in homeownership coming appeared marcuss morning indicating fractional moves. What else a quarter higher on the dow industrial. We will get the retail sales number tomorrow. Dax index in germany up and the s p 100 in london is lower by a third of a in asia overnight nicks markets they are hanging saying on the upside shanghai in china the nikkei in japan lower. Planning a celebration . You may want to stock up on bubbly now. Why