Commentary plus back off the worst day and week of the week, the Company Reportedly looking to boost its efforts in a. I and elon musk and Mark Zuckerberg seemingly agreeing to that cage match, but some hurdles still ahead. Lets begin with the markets. The s p, nasdaq, as we said, coming off their worst week since march, jim that reversal friday didnt feel great. Oh, my. It took your breath away and i was watching them just saying, what happened . Is there some event . Did something happen that was exogenous . But then again, look, lets remember, bonds having a nice move today they were down 36. Now theyre only down 11 i thought that friday was one of those days where people just said, okay, weve had a great year now, lets just sit here and sit on our hands and that was what i was thinking to start my show tonight is to just sit on my hands, and i may do it. I just felt that weve made a lot of money, and maybe thats what were going to make for a month. Youve been pretty leery of this p
rachel reeves, the shadow chancellor, is there and they promise they will bring back the rate of interest tax to fund nhs staff. other news this afternoon. a moment of history in italy georgia meloni looks set to become its first far right leader since the second world war and its first female prime minister. a school shooting in russia has left at least 13 people dead, seven of them children. and nasa prepare to crash a space probe into an asteroid to find out how hard it would be to save the planet. welcome to bbc news, very good to have your company and it is going to be a busy afternoon. the pound fell overnight to its lowest level against the dollar for half a century. asian markets were reacting in part to the government s announcement last week of tax cuts and increased borrowing to pay for them. of course, that had come too late for their trading week on friday. at one stage, sterling plunged to around $1.03, before regaining ground. a weaker pound raises the cost
Exchange here on cnbc im wilfred frost. Im Courtney Ragan in for sara eisen nice to be with you, court. Lets check in on the market picture this morning we did get slight gains on friday and slight gains for the week as a whole last week. The dow led the pack it was up 0. 4 the s p up. 10 of a percent. A number of record closes. Walmart the big winner last week, up 9. 6 which courtney will have all the details on in a moment or so this morning we have stocks up 30 points on the dow fed chair janet yellen making the case for more rate hikes speaking at a weekends g 30 rate hike. They said it will warrant gradual rate increases she noted inflation has been, in her words, the Biggest Surprise in the economy similar message in turn that was struck in the minutes last week and its leaving the ten year treasury note below. Last friday we split them to 2. 28 and were just above that this morning on monday morning, 2. 29. Asia market news, we got some data out of china. Consumer prizes rose 1.
Crisis averted. Congress reaches a late night deal to avoid a shutdown. But is the biggest battle to come . And chaos in the cabin. An airliner hits extreme turbulence. Passengers, luggage and food sent flying. At least 25 people, some seriously. Why the pilots never saw it coming. Today, monday, may 1st, 2017. From nbc news, this is today, with matt lauer and savannah guthrie. Live from studio 1a in rockefeller plaza. Good morning, everybody. Welcome to today. Its a monday morning. We have craig in for matt. Looking at that video is incredible. If youre one of those that ignores when the pilot says fasten your seat belt, turbulence coming. Not when you see that. Scary moments in the sky. Two dozen folks injured. More on this story in a bit. Our top story is this terrible shooting, it happened in california. A man opening fire on guests at a large pool party that was being held at an apartment complex where that man lived. Catie beck is there. She has the opening developments on this s
The flight schedule to fly from japan to los angeles. Watch this here. You see passengers go back and forth. At one point flight attendants tried to move the man in the red shirt toward the front of the plane. He comes back and starts fighting again. Japan today reports a 44yearold american male passenger was charged with assault after choking an Airlines Employee last night. Nbc has not confirmed whether that man is in this video. Unbelievable. Every parents nightmare a busy campus when a student allegedly stabbed a classmate and injured three others at the university of texas. Police arresting 21yearold kendrex white. They say he attacked the victims with a large hunting knife in the middle of a campus plaza leaving students stunned. I saw him stab the guy and thats when i realized like this was a real attack and i turned around and ran. The young man killed was identified by family as harrison brown, the other three victims are expected to survive. The university canceled classes fo