My eyes are all on the bond market, both the 10 year and 30 year perhaps approaching the record low. Im taking a look at Cathay Pacific shares. We had reports about the airport in hong kong, whether flights or canceled flights were canceled or not. Right now it looks like only check ins were canceled. Dollaryen continues to strengthen come of strongest yen has been in the last 18 months or so strengthen, the strongest yen has been in the last 18 months or so. David we are joined by bloombergs Marty Schenker and sarah ponczek. Lets start with argentina. A chart here shows the price of credit default swaps in argentina. You dont need to know calculus to know that is not a good thing. So why are people so nervous about mr. Macri going out of office . Marty because they are very protectionist, and everybody is heading for the exits. Taylor i spoke to damian who covers aerday, lot of the emerging markets, and asking him what gauge measures the risk the most. What in your area you are resear
Dont mistake restraint for weakness china warns hong kong protesters that its army will defend every part of its territory. That tensions are continuing to rise between india and pakistan over the disputed kashmir region the 2 Nuclear Neighbors are adults over indias decision to strip indian administered kashmir of its autonomy paving the way for the territories complete integration into india that Pakistans Army chief has pledged to do whatever is necessary to support the people of kashmir the Prime Minister imran khan says he plans to take the matter to the Un Security Council meanwhile indias government is preparing to split the indian administered minutes of kashmir into 2 parts and the lower house of parliament has just passed that legislation indian troops have the area all knocked down internet and phone lines are down curfews are in place and local political leaders are detained. We can speak to come out correspondent hes in the south what about thats the capital of pakistan ad
This after a day of trading that saw s p 500 hit another alltime high, second straight day of record. Meantime investors are cautiously awaiting upcoming earning season with 80 of s p 500 Companies Reportedly cutting earnings forecast. Joining me research chief macro strategist lenor hawkins, what is driving the market to plus side if you watch the bond market, 10year yield falling and closing below 2 yesterday and then you this percentage of s p 500 Companies Cutting their earnings forecast . This is really all about the fed in the hope that easy money will keep prices going up because this has nothing to do with fundamentals, if you look at what happened at first half of the year, s p 500 rose 17 , the strongest first half of the year since 1997 but if we look at earnings, if we look at whats going on with the fundamentals, earnings declined 4. 4 for the s p 500 for the First Quarter and expect today decline negative 2. 3 in second quarter, you have prices going up while the actual r
A safe route to south cancer and even palestinians and the occupied with bank protesting the compartment of kansas. It kills by is riley forces and diplomatic if its intensify as the primitive cells cuts out, meets the us secretary of states. And uh, we begin with breaking news from Southern Living on with a group of journalists, including an old just arrow team has been hit by and this riley strike cameraman is some of the law from the voices. News agency has been killed and it will just arrow to unless common jessica and eli mikaya has been injured and had been taken to hospital. They were in a car when they were hits to unless from a pay what also hits in our shop near the is riley folder. Shredfly. Ill just say it was living on your i chief miles and abraham was they had just stopped or what happened . Well, i dont know how, so who knows that he done as a model, so hopefully you wont get me. This is what happened. All the journalists will hit together. Its a type of safety measure.
Bernardino. Well stay on top of this. Follow us on twitter. Wildfire spreads quickly. You see a plane making a drop in Southern California. Thank you for joining us on this friday. Im ama daetz. And im dan ashley in for larry beil. Our top local story with guns drawn officers raid a marijuana grow. It all happened at Alum Rock Park. Todays raid shut down the park for the rest of the day. Some children had to be taken away for their own protection. Wayne freedman is live in san jose with the latest. Reporter the parents of 33 children did not expect to be picking them up this afternoon all because of that pot bust that should have been a science camp. Even by Santa Clara County standards it was a big pot bust. Deputies raided an illegal grow on county land and made off with 7,500 plants with a street value of 16 million. There was a surprise when they arrived arrived. When they entered into the grow there were three suspects. All three ran. We were able to catch one suspect immediately.