However, its worth noting that there is no mention of an Israeli Military response, even though israeli officials have promised to retaliate against iran, after it launched a wave of missiles against israeli targets late on saturday. Only a handful of more than 300 missiles and drones got through the israeli air defences. Iran says it was responding to an air strike at the start of this month on the iranian consulate in the syrian capital, damascus which it blamed on israel, although israel has not acknowledged being behind it. Iran is calling for restraint, saying it doesnt want this to escalate into a wider war. We are going to look at the peril in this moment butjust to remind you that this tension takes place in the midst of the ongoing israel gaza war, is the i93rd day of war. Today there are reports of fighting in the gaza strip and particularly in the north east. There are also reports that more aid is now getting into gaza from the north. We are getting reports on the ground an
Up. Ofnie some of the headlines come out of the meeting with the president and members of the ways and Means Committee that is going on right now, the ofsident has a competence tax reform plan coming. It will be simpler and tremendously lower. The money will come pouring back from overseas. He mentions puerto rico. He is going there on tuesday, which is today. He said the government is doing a good job in a may go to the Virgin Islands as well. Puerto rico is very important to me, that is the president with members of the house ways and Means Committee area julie hyman has the latest. Thee koman julie we saw average is up, now the gain has been trimmed in the major averages are little changed, slightly biased to the upside. One of the things that has a weight in todays session is oil. The oil stocks are down the third time in 19 days. Crude is off a big rally that we have seen, more than 20 rally from june, down. 8 percent today. The weekly supply data comes out tomorrow at 10 30 a. M.
And kevin worsht leading the fed but critics say he would be too hawkish. Reporter a little bit of a mix between gossip and news. Ok. As i mentioned, you know, the market here, the equity market were open but the bond markets were closed. I want to pull up a chart and kick us off. It shows you despite the rally that weve seen in stocks in asia as seen as the mici asia pacific index, its still the cheapest in 15 years when compared to the s p. This is represented by the white line. Despite the rally in asia and the rally here and in the u. S. , in fact, asia is just getting cheaper an cheaper. And thats got more investors saying im going to buy into the asia pacific market. Yvonne seems like weve got the global gross optimism especially in japan. Ell see what happens with japan after correia. Were down by the. 10 of 1 for the index 50 following what we saw, the downside with some of the major indexes. Holding on to the fourmonth load as we wait for Coalition Talks after the election. Fu
Vodafone has ended talks with liberty mobile for an asset swap. Cheers to s. A. B. Miller. The shares jump when 106 million could be paid for the brewer. Lets kick things off with our top story. Two reports other the weekend say volkswagen already knew about the i will legalities. In 2011 a vw technician pointed out unlawful practices. The question is though what they knew, when they knew. We also, by the way, have a new volkswagen ceomathias mueller taking over volkswagen. The former chief executive of porsche says he vows to get to the bottom of the scandal. This is interesting, susan. The ecb is no longer including loans as part of its Bond Buying Program according to reports. Also want to show you what shares in vw are doing this morning. First time i checked this morning they are down and theyre accelerating their declines up by 3. 78 over the course of the last week off by 22 . What a drop by shares in that company. Lets get back out to nancy. Its a really tough road ahead for th
It is worth noting that the january wti contract expires today so you very likely will see higher prices for wti tomorrow. In the meantime gasoline prices dropping four cents over the last two weeks. The lundberg survey puts the nationwide average at 2. 06 a gallon. That is the lowest weve seen in over six years. With more on the oil story and whats happening with the markets in just a moment. But, first, a developing story outside the world of business. At least one person was killed, 26 others injured, this after a car crashed into a crowded sidewalk on the Las Vegas Strip. Police say the vehicle drove up onto the sidewalk in front of the paris hotel and casino, hit a car and then drove back onto the sidewalk and hit more pedestrians. Investigators think the crash may have been intentional but say they are confident this was not an act of any terrorism. A 3yearold was in the car with the driver. The driver did leave the scene but has since been taken into custody. Is being interviewe