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Horrific thing that ive seen in my life. The wheel thing came down. It looks like a bomb went off but were sure a bomb didnt go off. A brief moment of hope that youre looking at from earlier this morning before the sun came up, that is rescuers pulling a young boy from the rubble alive. Hes one of two people that Authorities Say they have been able to rescue from the debris so far. Take a look at this. This is what the highrise ocean front looked like before the collapse this morning and here it is after the collapse in the aftermath, what is left of the building. Our Layla Santiago is on the scene in surfside, florida, with the latest. So youve been there since right after this happened. What are people telling you . Reporter we learned new numbers. We learned that 35 people were rescued. Two were pulled from the rubble. But when i asked the key question of how many are still missing, officials couldnt give me that answer. They are asking families and friends who have not been able to ....
because oil producing countries agreed to continue cutting production basically to push up prices which seems to be working so far. saudi arabia said it would make cuts of1 million barrels a day injuly and 0pec+ said targets would drop by 1.4 million barrels per day from 202a. 0pec+ accounts for a1% of crude oil and let s get more for our middle east correspondent. it was widely expected before the meeting started on the weekend that 0pec+ would reduce oil production because it is hovering around $75 a barrel. there are concerns it could fall further with global economy struggling and demand wiggling. saudi arabia and some countries were really keen that the oil group goes ahead and makes another cut as a group but most countries were against that idea because any would cut the oil revenue crucial for their economies. saudi arabia was the only one who could make the cut and be able to manage its budget. why is saudi arabia keen to make these cuts? if you look at oil pri ....
China. our chief market analyst at kcm trade told me all eyes are now on the upcoming interest rate decisions. interest rates will be on the mind of the market this week. we have a few of the banks around the asian region having interest rate decisions and we have the fomc so that is what traders will be looking at the data from the us and how that will potentially impact with the fomc does next week. that was going to be my question. the fed meeting in about ten days. what is your expectation? it seems like opinions are split on another hike or a possible pause? we had bumper payroll figures in the us on friday but it was a good scenario for traders and that in a robust labour market, but the wage pressures were easing so that is a good sign for inflation. for next week, i think there is two camps in the fed. thejerome powell camp who want to go into pause mode ....
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