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take a look at gasoline, another two-year high at 5% and the spread getting wider. wti versus brent off by six dollars, really speaking to the overproduction and oversupply of oil in the u.s. as the impact of hurricane harvey is truly felt. 2/10 of a up by percent. steady for now. and the commodity we are really watching, copper. seven $7ch million a ton? and emma chandra has first word news. emma: hurricane harvey hitting louisiana, making its second landfall today coming ashore in the western part of the state after dropping 50 inches of rain on southeast texas. it is blamed for at least 18 deaths in the houston area and law enforcement says 13,000 people have been rescued. $80 billion, hit making it the second costliest natural disaster in u.s. history. a warning from north korea, kim jong-un saying the testfiring of a missile over japan was a meaningful gesture toward guam. he said he will watch the response of the u.s. before deciding on further action. he is r ....
i m seema mody in for sara eisen. it is throwback thursday we are throwing it back with the clash i fought the law. in honor of martin shkreli, perhaps. i think so. i have a feeling later in the show, given l.a. being awarded the olympics, we ll go back to california themed songs. let s check in on markets. slight gains yesterday it is a ha behas been a decent k five positive sessions out of six for the dow. we had a good start to the week. it s managed to hold on to that. yesterday s gains were not particularly pronounced. today we are called lower only fractionally in the premarket. down a point or so for the dow ten-year treasury note, back above 2.2% very briefly closing just below it that s where we remain at moment, 2.194% given that last week, we touched 2.05, it s been a marked increase in yields with that we have had an increase in the u.s. dollar as well now to asia, we did get a barrage of data from china mostly the data came in weaker than expecte ....
take a look at what is dragging on the transports. it s worth noting the major averages are on pace for weekly gains. the dow the best since the end of april. relative to transports, weakness for shares of american airlines come united, with a downgrade over and jpmorgan to neutral with analysts saying estimates seem unachievable. royal caribbean down 1.8%. this on a downgrade at credit suisse. analyst cutting shares to a neutral, saying the outlook is uncertain. we had that terror attack in london. that could be impacting some of these stocks as well. at two otherlook big movers, oracle, fax. oracle down 6% after they beat estimates for the quarter but it is that cloud outlook weighing. fax down once again as senator elizabeth moran setting her sights on them, proposing legislation around the company today. shares down once again. overall, it has been a risk on week. this is an index of risk on-risk off. on the week, big risk on. going into the weekend, on that terror ....
trading 30 minutes away from the end of the friday session. down for a second day in three lead by grace, denmark, and the ftse in london. sterling continues to rise as the pound continues to rise, 1.4% higher against the dollar. a boe policymaker goes from dove to hawk and increases the chance of a rate hike in coming months. h&m had a bigger summer sales clear out inventory and did more in the second quarter than it would probably mean to discount need to discount more in the third quarter after an annual 27% surge in inventory as of the end of may. it did say the autumn season is off to a good start. after this massive clearance sale. 2.6% is the rise in h&m shares today. shares have fallen 16% this year and on track for a third annual drop, the longest losing stretch on record. portugal strengthen economy leading the bond market confidence and helping drive down its borrowing costs with the yield premium to the german basisar has front to 240 points, near the lowe ....
what s making headlines outside of the business world. gunman in the las vegas shooting had a huge arsenal in the hotel room he used as a sniper s current. stephen paddock s body was found with 23 guns. found two gun stocks that would have allowed a shooter to fully replicate automatic fire and at his home they found a further 19 guns, explosives and thousands of rounds of ammunition. the death toll has risen to 59. the white house is ruling out talks with north korea over its nuclear weapons days after secretary of state rex tillerson said the u.s. was talking to north korea directly through our own channels. a white house spokeswoman said now is not the time to talk. the european union wants more details about the uk s brexit divisions before talk on a future trade deal. john claude uecker says theresa may s speech was conciliatory but speeches are not negotiating positions. the eu wants clarity on citizens rights. global news 24 hours a day powered by more than 2700 ....