Radar sites finding heaviest rain currently falling, down through central southern delaware especially through southern portions of new jersey. So even though it looks like you are starting to clear things out here, across some of the north and most suburbs chester, montgomery, bucks county, dont get too comfortable this. Because this frontal boundary granted the heaviest whatever we see today there is front isnt totally done with us just yet. Needs some time before it will completely clean itself out and clear itself out. So meantime, we talk about the initial issues then we go through the rest of the day flood advisory still posted for another say 14 minutes or so. Through the west and southwestern corridor basically here of the garden state. So the heaviest of the rain thats come owing through as these continue to update, well let you know, around the region as a whole, still see shower, thunder storm today. Granted anything that does come through for the rest of the after innocent
30 minutes into the training day here in the u. S. As i mentioned, julie, we have the job numbers, but the market is not doing much at the moment. Julie we are very little changed. I wanted to mention some other Economic Data thats not passed us. The idea some reporting its nonmanufacturing index as well today coming in at 68. 150. That is what economists have been predicting with factory orders rising 1. 4 . Durable goods orders up 2 , and if you look at the ex transportation number, that is gain of 0. 7 that is a of 0. 7 . Member 50 is the dividing line between growth and contraction. So it is 60, well above that level. It looks like that expansion is the fastest pace since august of 2005. Ares are short of sort of shrugging off this news. We still have hurricane noise in those numbers. We will get more analysis from diana in a few moments. But if you take a look at equities and across the rate market, and the 10 year yield, we saw a sort we saw a sharp drop, but yields have come bac
European Equities Trading right now, what we gets been good thats what a week it has been we are taking a look at european Equities Trading right now. What a week it has been. The euro falling against the dollar. The u. K. 10year up for basis points today that four basis the u. K. 10year up four basis points today. The maker of highend lipstick and mascara in china giving loreal a boost. Makers leading the way. Company has had Strong Performance in china and hong kong, helping the Luxury Division post doubledigit growth. Ar france klm shares opened bit uptodate. The stock then slumped, its now rising. Air france shares are lower. We will come back to that. These are renault shares. France giving up some of its control with the sale of a 4. 7 stake in the carmaker that was acquired in a contentious power struggle a couple of years ago. Renault shares have climbed 16 in the last two months. Today, they are up by 4 . Julie a little better over here. All the major averages at their highs o
Ross spoke to bloombergs Francine Lacqua over reports that he did not disclose a business relationship with Vladimir Putins soninlaw. It has to do with his ownership stake in a shipping company and its links to a Russian Energy company. Secretary ross there is improper either in the way we handled the investment itself. Francine when you keep the stake . Secretary ross probably not. I have been selling it anyway, but that is not because of this. Mark u. K. Labor party leader Jeremy Corbin wants offshore investigated including the holdings of queen elizabeth. Documents from a law firm show that the queen made a serious investments in a Cayman Islands fund. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. Julia live from bloomberg world that was in new york, im julie chatterley. Scarlet im scarlet fu. Joe im joe weisenthal. Julia stocks are rising, bonds are advancing, the dollar drifting from and
Specifically in response to the amendment at hand, nothing, and i mean nothing, based on what i can gather from the folks i speak with especially in the Business Community will stifle growth more than uncertainty. And if we are going to move forward with a bill to reform our tax code, which is more than just tax cuts, but a reform that provides relief over a given period of time, a window in which businesses and families can find some relief, businesses have the certainty to invest, not just in their business, but into the people that work for them, to grow their businesses, we as members of congress have got to be responsible to ensure that we give them that certainty. And thats exactly what this does. If you look at the end of the diaz here, and see the size f our code, over 70,000 plus pages of regulations, its in sane that weve come this far. Weve waited 31 years to reform our tax policy. We live in a Global Economy now. The rest of the world is passing us by. And now instead of ha