Set back from the brink, putting independence on hold and calling for negotiations with madrid. Betty we hear often, what are the black swans out there . Perhaps a few months ago you would not have heard catalonia who would have thought this . We have seen Market Reaction in europe in particular to the further independence moves by catalonia. Spain saying this is deferred independence we are facing. I want to show a quick chart to show so far how isolated this is. It looks like it could possibly spread. 99, the white line showing you that point where we started to see more and more about the independence referendum. Falling, dramatically diverging with the euro stoxx 600 index. That gap looks to widen as we see a bigger and bigger rift between catalonia and the madrid government. Yvonne seems they are still delaying this independence push. Country, the politics and economics side of things, threatening a key economic region for spain in particular. We heard from of the imf, they have r
Worth of wine a year. Record after record in till no pullback for stocks. In fact, the dow may move up a little when trading begins today. All the indicators at or near record highs. Investors ignoring politics, focusing instead on the growing economy and growing corporate profits. Dfm process, money talks on espn jemele hill told her fans to boycott advertisers, corporate disney. She suspended two weeks. Call the president a white supremacist and nothing happens. If you go after ad revenue and she did, youve got trouble. Joe namath coming up on that story next. The threehour shifts ahead. Varney company about to begin. Tree and to write to this big in developing story. Dudley fires in California Wine country. Look at that. Hillary von on the phone with us from napa with the impact on the Wine Industry. Tell us please, hillary. Stuart, californias wildfires have cost the state an estimated 2 billion with the expensive wildfire season on record. This fire ripped through californias valu
, icks marginally top left dekes up 1. 55 and the catalonia president stepping back from the immediate declaration of independence from spain. The euro rising for a fourth day. Lets stick with the spain discussion. Se are the share prices this is since they result of the referendum a week last sunday with a todays of trading. Last wednesday eight days of trading. In recenthey fared days. 4 since the ex down 7 10 ofib 1 . Leaving the legal base in catalonia and moving them elsewhere. Just give president in process could lead to the assertion of direct control from madrid. Ibex and index to watch. Great chart. Watch Spanish Companies with strong exposure to the domestic economy. Ood retailer topping 14 the index i want to keep an eye on is the white line, the Morgan Stanley domestic spain index has jumped 1. 6 today. D in theover the perio last month. Given the fact that we have inflation but poor productivity, i probably would look at productivity and the fast disinflation in four years
Agency the defacto leader is a pole of the range a crisis that needs to tread carefully to not inflame the situation she controls the government of the country but not the countrys military. Thats all for me from now on the scene here in london counting the cost looks at still making a scandal in japan but by. The man who negotiated the dismantling of apartheid and scrapped south africas Nuclear Program i dont think we needed the bomb but some of my prediction is that they want to use it as a deterrent south africas former president declared talks to al jazeera i just dont. Follow im adrian for the good this is the cost on aljazeera your weekly look at the world of business and economics this week made in Japan Kobe Steel japans Third Largest steelmaker admits that it faked data on parts used in cars planes and bullet trains general boats. Boeing and toyota are among the firms checking their products also this week bubble trouble why the International Monetary fund the winner of the no
Tracking wet weather to begin our day. Hi, krystal. Hi, rosemary. Yet again like yesterday morning a few sprinkles rolling across our area. The rotation of this moisture is from south to north and then its going to start to pull off to the east as we progress through the day. I think chances of rain are very limited and the best chances are going to kind of be against the jersey shore, some of the delaware beaches here, a lesser chance once we get to philadelphia and areas north and west. Still today kind of a dreary day yet again. Were talking cloudy with some fog this morning and those sprinkles in the forecast. Temperatures though markedly different than yesterday morning. Instead of 40s and 50z, most of us are starting in the 60s here. 60 in reading and allentown. Philadelphia at 60 and 65 atlantic city. So these temperatures starting in the 60s today are going to rise into the 70s because were starting that warming trend today. It will take us to the 80s for some by tomorrow. Lets