It. Of we have been watching what has been going on on the louisiana coast for the latest headlines on hurricane laura, that has preoccupied people. Here in europe, also waiting on the latest developments from jackson hole. Just as we see laura weakening to a category three hurricane, although we know they can still linger it still do damage. Tom 120 Miles Per Hour maximum wind, but the landfall of 160 was extraordinary. The shape of the storm has changed as well. With our first word news in new york, here is ritika gupta. Ritika good morning. It is one of the most powerful storms ever to hit louisiana. You were just discussing hurricane laura, it made landfall near cameron, louisiana with maximum winds of 150 Miles Per Hour, plus there is a threat of a catastrophic storm surge and flash flooding. There is concern that damage could leave areas and uninhabitable for months. It will also shut down a third of the regions Refining Capacity. Winds have died down but laura is still a categor
Anna absolutely. Trade commissioner phil hogan forced to resign because he attended a golf event which had normal times would not be that controversial, but these are not normal times. It is being investigated as to whether it broke the covid rules in ireland. As a result, he was under pressure and had to defend himself. Commissionropean needs to find a new person to fill that very busy trade brief. But this sets a very interesting precedent. Will we see other commissioners held to that . Tom lets do an unseemly data check. I will focus quickly to get to hurricane laura. Futures negative eight and we watch the real yield which is 1. 06. It is a huge deal as we go to the powell speech. Anna . Anna my data check has European Equity markets waiting for the powells beach powell speech. We heard from rollsroyce a little bit earlier on and they reported a huge loss. This is the maker of aircraft engines. In the stock is down 7. 8 in london right now. They get paid by the hour for flying thes
Whether we are any closer to a phase one deal between the u. S. And china. The s p 500 hitting another reluctant record, i would call it, and u. S. Futures on the front foot. The euro study. We sought strengthen steady. We saw it strengthen against the dollar yesterday. 1070 right now. General concern about growth in u. S. Stockpiles, meaning it is trading at 56. 96. Coming up, we speak to the managing director of the fund,ational monetary Kristalina Georgieva. Dont miss that. Markets pushing down the 10 year treasury yield last week. Lets get the bloomberg first word news. Today, the public hearings of the impeachment inquiry start again. The u. S. House Intelligence Committee plans to hear from 8 witnesses this week. They are examining if the president lied to special counsel robert mueller. This comes as President Trump says he is strongly considering testifying in the investigation. The u. S. Reversing its stance that Israels West Bank settlements are illegal. The move is a big pol
Neil was acknowledging some people. Theres some very important people here, and you know who you are. [laughter] james but there are two people i would like to acknowledge. Genius of the politics and eggs. People often ask how it began. With fred,red his getting involved in making it what it is today. Areouldnt be where we without fred, so i just want to acknowledge and thank him. [applause] james in the former chairman of the board of the new England Council is here. Ofalso happens to be an alum the school up in hanover. Hes the political guru of New Hampshire. Hes worked on so many president ial campaigns. President alexander, president romney, president became. President mccain. [laughter] james we are honored to have him here. Notso like to thank neil only for his kind words about the new England Council, but for all of the work he does here at politics and eggs. We would not be as successful without his team, as well as the team at the new England Council. It is really a must stop
Times killing the mother of their nine children. Thursday the prosecutor agreed to a lesser charge of aggravated manslaughter in order to spare the children from testifying. A move supported by the oldest seidle child. To avoid further tram ma to our family we have thoughtfully accepted this guilty plea. My family and i will not be answering any questions. Reporter in court, her father had a lot to say hinting he was driven to act because he was outraged his wife new boyfriend had moved in. She condemned me to my children for 3. 5 years for being with someone else. And then i never even introduced my kids to my lady. And now she moves had guy in and basically replaces me with makes him their father. Okay. You know, she commits adultery. Reporter during a standoff with police after the shooting, seidel texted a friend, quote, i got tired of tamaras blank and shot her. This is hands down one of the ugliest cases that we have called the victim a great loving light and said at sentencing w