Popular. That is more than that it was anticipating. That is getting close to the true price. How will shareholders react . Washington watch. Just session Jeff Sessions has suggested he may resign with a widening rift with the president. This is as James Comey Testifies in front of the senate tomorrow. Huge breakinga story, it is as if someone splashed the news with the bucket of ice water. Santander is buying popular for one euro. They will raise 7 billion euros of capital. We will continue to pay keep on top of the story. Futures are down across the board although the ftse futures are little changed. If you look at the miss price calculation by bloomberg, it is not look nearly that bad. Take a look also at the bund t rade. Investors selling off bunds, driving up the euro, the bund trade still at a very low although the yield rising still at a very low level. It will be fascinating to see how santander trades today. I am trying to figure out, get to the bottom of what is happening in
Interests 24 hours to save the National Health service. German utilities have trade 4 higher after the countrys Constitutional Court declares a Nuclear Fuel Tax illegal. Good morning, everyone. Its wednesday. Glad youre with us once again. Lets take you straight to the European Equity markets this morning. The ftse is up 0. 21. The cac 40 is up by 1 3 of 1 . Lets take you to the sectors. What youre seeing is banks are doing quite well. Despite spain, banks up 1. 3 . Chemicals down by. 3 . Santander is taking over Banco Popular. Theyre buying it for the symbolic price of 1 euro. Santander says the popular brand will completely disappear in the deal. Pimlico is also wrapped up in this deal. Theyre the largest holder of the banks riskiest debt with 279 million euros. Karen has been breaking the story all morning long. To me, karen, it seems like this is a Banco Popular specific story. It didnt send shock waves through the industry, right . It is a specific story but it talks about bank re
It will be the worst feels like day of the summer out there. Lets see where we start off this morning. We have temperatures for the most part in the 70s and low 80s. 83 is our normal high for today. 77 right now in the hampton. Its 73 in andover. 81 in central park. Looking really good out there right now. We have winds out of the southwest. Nay are pumping in the heat and enhanced humidity for toda mid70s. This is nearly unprecedented. These are incredibly high dew point levels. The higher the dew point the more uncomfortable it feels out there. When we get into the mid70s, it is oppress i. That is what you can expect for today. We have that excess excessive heat warning. 105 to 110 degrees for the majority of us. Noon, its 90. By 3 00 this afternoon, 95. Well feel like 107. Afternoon and evening, some showers and storms are again possible. We could have some severe weather. Back to you. As the city is under an excessive heat warning, hundreds of people are without power this morning.
Meteorologist Vanessa Murdock is here. Weve broken a record. The cold is kind of short lives. Its ending today. Wrapping up. Tomorrow were in the 30s. Tuesday in the 50s. So big changes on the way. This morning, yes, we set a new record. We broke a record set 100 years ago. Just find that incredibly interesting. Its frigid out there. That new record now 1 degree. 13 below in monticello. This is what it actually feels like outside right now. Nearly 20 below in the city. 25 below in sparta. In the hamptons the windchill at 26 below zero. We do have wind chill warnings and advisories in effect until 1 00 this afternoon. We go through the day, well be subsiding. Temperature temperatures will be warming up. Itll feel so much better by 9 00 a. M. , 2 degrees. By noon, 8, feels like 7 below. Our high of 17 will feel like 3 degrees. Climbing. The windchills just keep on climbing from there. As for sky conditions, lots of sun. The winds subside into the afternoon. Your full forecast is coming u
Long island sound saturday night. When they came to my house i didnt know anything. Youre hoping they will find him . I hope so. I just want to see him again. The plane, a piper pa 28 like this went down just after 11 00 a. M. In the seattle harbor near Port Jefferson. His friends, a ram Austricio Ramirez, 36 year old nelson gomez and 25yearold wady perez were also on board. Police say ramirez a student pilot was behind the controls when they started having engine trouble and he turned the controls over to instructor gomez when they force landed the plane in the harbor. Dive teams prepared to search under the surface. Eventually it was Suffolk County Police Officers who pulled some of the survivor to safety using kayaks they found at nearby homes. Myself and two other officers were on the west shore shoreline until we were able to find three additional kayaks and we entered the water. You could hear the victims calling for help. So it was you had to get out there and it took what we ha