A number of hostages in a popular cafe. Bureau,our Bloomberg Paul allen is covering events for us. What more do we know . There have been a few developments since last we spoke. The police have pushed their street,ack to hunter the block our building is on. You can see the high shot taken out of the window of our building. Building, you can see, is not a cafe. The cafe it self is about a further 100 meters up the road to the left. This is right across the street from the reserve bank of australia and directly across the plaza from channel 7, which has also been evacuated. Hourer development at this is the number of people inside the building. We have been saying it is believed to be up to 20. We have since spoken to the ceo of lindt australia and he said there were 10 working at the time and could be up to 30 customers. There could be up to 40, but that has not been confirmed by the police or any other agency. We have seen pictures of people with their hands up against the window. Two
Twoday fed meeting begins tomorrow. Crude prices, bouncing off the new 5 1 2 year lows. Looking to come back since their worst week since 2012. Consortium led by bc led by petsmart. Latest on the continuing hostage situation in sydney, australia. Futures on the rise, so are crude prices which fell to 5 1 2 year lows stock markets seven week winning streak ended with a thud and the selloff on friday. Last week the dow fell 3. 8 . S p down 3. 5 , almost every major average, jim, every major sector, was down except utilities, barely got into the green for the week. I went over the chart this weekend and they were amazing. The number of companies, stocks rolling over here, maybe it can be reversed but i see the oil futures hanging by a thread. We go to 57, 56, s p futures will be down. Were just not in a moment right now where people are actually distinguishing between winners and losers. Utility move was part because people feel u. S. Will need more power because they are bond market equi
You know and what does it mean . We have been told according to a white house official, our colleague Peter Alexander reporting, that President Trump at 11 a. M. Will sign an executive order which will allow the keystone and dakota pipeline orders forward. How many jobs will it actually be impacting, just to remind folks about the debate about all of this. Environmentalists who were opposed to the construction of both of these projects arguing they could ultimately hurt the environment, they were blocked under the obama administration. Candidate trump had consistently said he was going to change course and now it feels hes following through with that promise. The company that oversees construction of the Dakota Access pipeline, Energy Transfer company, is a company that he had shares in a number of months ago, although public filings show he still has a if yfew lef there so he might get some questions about that. And in the briefing room, not the north lawn as i inkrbtly stated. This m
Obama should have been more loyal to tom daschle. And President Trump is going to be loyal to tom price. And that they fundamentally believe, to your point, that tom price is the best person for this job, since he has spent so many years in congress, thinking about the policy change, if they ever had the chance to repeal obamacare. They want someone who understands what needs to be done. And he has been there. You also have susan collins, has proposed a new plan to deal with the repeal and replace part of it. So look, theyre going to stick by tom price. But these are not minor questions that have been raised. The question is whether you have to believe that he made a mistake in good faith, or whether he omitted in bad faith. Well hopefully hear that. These are live pictures coming in from the Senate Finance committee. Well hear shortly from the chairman, orrin hatch, and the Ranking Member, ron wyden. They will be opening up the arguments, presumably for and against, tom price, nominat