Market impact on Hurricane Harvey. 5 , the futures up highest level in two years. Texas is the largest cotton producer in the u. S. The next two indexes are interesting as far as what is being mortgagebacked, products or production. The higher this goes, the tighter we see the Product Market. The second is the vti versus signifying more production in the u. S. , meaning lower as it comes down. In texas, floodwaters overwhelm houston as Tropical Storm harvey inundatess texas, southeastern texas. Us is our commodities managing editor. In terms of the houston damage, this is unprecedented. If you are familiar with houston, this is a place that tends not to take water terribly well. In terms of the industry itself, we are starting to see refineries shut down as the storm moves west to east. Alix as far as the refineries shutting down and crude reduction, that is well known in the market. What is not talked about as much is how important crude exports are two men support. To mexico. They ha
Before pulling a major surprise. European Equities Trading right now. 30 minutes until the end of the wednesday session. Stocks down for the fourth day. Dod should think twice before pulling a major surprise. Adjourn other Major Industries rio tinto creasing its Share Buyback by 1 billion. The Company Reported earnings that more than doubled from the year earlier, shares slipping, analysts speculating the companys Spending Plans suggest a more conservative outlook. The cutback in mining is gaining momentum. Rio tinto today down by 3. 3 . A look at the german carrier, shares up by 3. 3 today. It is euro wings discount unit propelling earnings gains that prompted its parent german carrier to raise its for your forecast a couple weeks ago. The Brussels Airlines business, that it is absorbed observing. Now. Ngs surging right mainline companies, such as efron, klm, aig siberia and British Airways expanding longdistance travel to asia. This is the euro. Analysts that study to help guide thei
For the week. Vonnie 1. 5 Million Dollars worth of savings will help contribute because this is an allcash deal. An exciting day for the industry, specifically when you consider that they have been trying to consolidate and there are so many unsolicited bids between companies, monsanto included, and now monsanto is on the receiving end. Jon and the potential of that deal is being reflected lets get you up to speed on markets. Futures where are we . Im not sure we are that saw on the dow. We will update you on that in a moment. S p futures down. That is one year and not intraday. Moves, theyraday are your oneyear moved spirit lets switch up the board very quickly. Hopefully they are intraday moves through they are one year moves once again with euro down. That is the reality today, down by 10 over the last year. Around thes go world and check in with our Bloomberg Team for indepth coverage of our top stories. Matt miller is in berlin on buyers push for monsanto. Enda curran is in hong k
Right now we are at session highs. We have been sticking to those for most of the day, especially after some data that came out this morning, including betterthanexpected u. S. Consumer sentiment and the drawdown in u. S. Oil inventory, a surprise drawdown, really. Lets look for the board is right now. Lets go ahead and take a look at the daily intraday chart right now, if we can do that. This is the oneyear right now. The dow is up more than 100 points for the sixth time in eight sessions. At the same time, the s p is well on its way to the second threethey rally. Take a look at the s p yeartodate, hopefully we have that we are now in the green for the year. There we are, about 0. 25 of. If we can hold onto that, we will be on for four years of gains for the s p. This is just happening today. Some really interesting developments today. So much of the days market events have happened because of oil. Nymex crude is up three days in a row, and it is still climbing, up 4. 25 . This is off
More volatility today. The s p did fall nearly 4 last week. Stocks are heading for the worst since december. I want you to look at the imf function area this is a look at the performance at the s p 10 sectors. We are seeing an acceleration of declines. Seven of we are seeing the 10 sectors in the negative surprising that energy is down 7 10 of 1 because of what is happening in the oil price. The biggest story of the day here. What are we seeing in the oil markets . Basically we did see oil fall below five dollars per barrel. Talkingpped positively, about volatility for a hot second, now it is trading down again. Row, butecond day in a off of its lows. The crude is at its lowest level since february 2009. Natural gas. Down 6 right now. We saw its lowest price since 2002. This is because those weather forecasts keep talking about warmer weather because of el nino happening in the pacific ocean. Is up sixr yield basis points. Equities push into positive territory. Sinces the biggest rise