Really bad. Half hasnt hour ive been trying to get through this between eighth and spruce. Reporter all because of this. A sink hole on 17th and a break in a Water Service line that left at least one business and all the residents in this Apartment Building high and dry. Not having water is probably one of the worst things in the world and you dont really think about it until it actually happens to you. So what can i say . Its very inconvenient. Reporter adding insult to injury, repairs stalled for hours as Water Department crews waited for peco to address a live wire at the excavation site. Main priority getting the water back on which finally happened at 4 00 this afternoon. Well begin investigating the cause of the cave in. If we can pinpoint what took place there, and when well be able to open the street again. Reporter that cant happen soon enough for drivers. But a mid the frustration, the sweet sound avenue vile lip any of the on the corner and at least one driver pausing and sa
T overnight in asia, it was a mixed session. Japan was lower, maybe due to strength in the yen it was off by 1 . The hang seng higher by 1 . South korea was higher as well. Europe positive as well, but not by much. Look at crude oil, wti, i just saw 52 53. 71. Higher by a half percent. Brent at 56. 65, nat dgas above bucks. Here. Heres whats going on this morning. Gold prices jumped more than 1. 5 during yesterdays session, bringing the yeartodate gain above 10 . Look at this hour right now. Well show you whats going on. You know, its up. It continues to rise. Looks like its close to a oneyear high. Continues to speak to whats happening. Thats also on the concerns of tenyear treasury, moving back below 2. 30. Gold tends to perform well in a deflationary environment. Which most investors dont understand. I dont understand that, but its supposed to be an inflation hedge. Its the reserve currency in a deflating world. I think the big story is oil. Oil saved the s p over the last couple of
And powerful people share provocative thoughts in the top interviews. Government is a probusiness government. Everything is better with growth. No one has been successful that has never admitted a failure. He has never admitted a failure. Matt that is all straight ahead on bloomberg best. Matt hello, welcome. i am matt miller. This is your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. The week began with a stunning announcement as 2 Asset Management firms consolidated. Janus capital, home to bill gross, being bought by henderson group. The deal create a company with with 320 billion under management. Is this what we have come to you in investing . So much pressure that managers have to combine to make the marginal margin . Yes, we are going to see more of this. What is happening is the rise of passive investments indexing has put pressure on active managers. One thing this hopes to accomplish is to provide more s
And powerful people share provocative thoughts in the top interviews. Government is a probusiness government. Everything is better with growth. No one has been successful that has never admitted a failure. He has never admitted a failure. Matt that is all straight ahead on bloomberg best. Matt hello, welcome. i am matt miller. This is your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. The week began with a stunning announcement as 2 Asset Management firms consolidated. Janus capital, home to bill gross, being bought by henderson group. The deal create a company with with 320 billion under management. Is this what we have come to you in investing . So much pressure that managers have to combine to make the marginal margin . Yes, we are going to see more of this. What is happening is the rise of passive investments indexing has put pressure on active managers. One thing this hopes to accomplish is to provide more s
Cooler air. While were in the upper 30s to mid 40s early this morning, it is likely 20s to lower 30s for lows the next couple of mornings over the weekend. High temperatures this afternoon up into the 50s. We lose the breeze tomorrow, and then we start warming up again on sunday afternoon. Well have all the details in your weekend coming up. Lets take a look at your friday morning ride. Were joined live by deb davidson. Good morning, deb. Deb good morning, kevin. The one problem that we still have is in pelham. There was an orn that road is closed in the area of old gag erode and Youngs Crossing road. Crews are replacing the youre pit pole. Detours are in place through the early afternoon. Right now all the major highways are up to speed, but 93 south in New Hampshire is slow through meth union until just past the 495 connector. This report is brought to you by auto fare. Sean concern is growing in the lakes region this morning as the search for a man who shot a woman in the head conti