That much water, youre not going to have electricity. We are recommending in the strongest terms that if you live in those lowlying areas that you get out and begin to get out now. Dagen we are tracking the storms path and plus how the hurricane will impact oil and gasoline, prices already on the rise, President Trump monitoring the situation, hes been in touch with the governors of texas and louisiana. Checking the Broader Market action, investors are waiting on peaches from Federal Reserve chair janet yellen and mario droghi in jackson hole, wyoming. The dow shedding 20 points yesterday. In Europe Markets edging higher. We have gains in england, france and germany and in asia overnight the same story, it was green across the screen with the biggest gainer there being the shanghai. A major privacy violation, aetna revealing hiv status of thousands of patients. And apple making move in midwest investing in iowa, tech giant will spend more than 1 billion but also get huge tax break. It
Us here on set for a talk about the boe, brexit, and his outlook for global rates continuing to grind lower. Global strategist will join us with his outlook for european banks in the second half of 2016. Again, the story is global yields. Jonathan record lows and its a remarkable story that we will continue to talk about. Lets check in with a Bloomberg Team with indepth coverage of our top stories. Guy johnson joins us on the bank of englands News Conference in the last 90 minutes or so. And the latest on the votes of the uks next Prime Minister. And if possible capital injection into italian financials. In new york, the latest on treasury rates hitting new record lows. Paul allen joins us on this weekends election. I want to bring in guy johnson the bank of englands new policy response. The significance . Guy he is essentially signaling a recession and this is giving the tools by the chancellor and he is now putting that into reverse. Saying tougher times are ahead for the k economy.
Panicking panicking, the next time youre thinking about selling into the crowd, think about what happened this week and remember that panic is never a strategy, given that we all ended the week in a positive note. Nasdaq climbing 4. 41 . And amazingly, the best week of the year. Still, people certainly panicked on monday, that was the second big down day after brexit. Upon was the seventh biggest day of redemption on the stock market in the last ten years, seventh. 9. 5 billion pulled out of the Global Equity funds. No matter how hard that i preached that nobody ever made a dime from panicking, and selling on monday was pure panic. People cant take it. They dont fknow what they own. It was right to minimize its impact on u. S. Stocks. The companies away from the banks, Interest Rates did get hurt. Sum total of little significance. However, we caught a classic, emotion out rout. You had to buy, not sell. Or at least you had to stay put. All right, what were the news cues that the market
Details, talk about what it means for the industry and business in europe. Shares of pepsico on the move after beating street expectation. Were going to talk to the companys cfo Hugh Johnston in a few moments. Expecting fireworks today on capitol hill. Fbi director james comey set to testify about the Hillary Clinton email scandal. We will bring it live in whitewave rising in the premarket. The organic foods makers agreeing to be acquired by danone for 10 billion in cash. The deal values whitewave known for brands like silk and horizon organic at 6 25 a share. Danone says the merger will double the size of the u. S. Business and we will talk to the ceos of both companies tomorrow here on squawk on the street. North america now will be about 22 of their portfolio from 12 about now. A big bet on america. An important deal for danone. Of course as you say, getting larger in the u. S. Whitewave has been no stranger to those who believed it would be part of food consolidation and as sara ei
The dow and s p essentially erased about 80 of the losses incured after the brexit vote of last thursday when the uk voted to leave the eu and bank of England Governor Mark carney hinted that more stimulus is coming. Listen. In my view, and im not prejudging the views of other independent members of the mpc, the Economic Outlook deteriorated and some Monetary Policy easing will likely be required over the summer. What selloff . A little quantitative cant take care of. Just wipe it all away with easy money. Hershey rejecting the 23 bid and hershey shares are still higher. The market seems to think mondelez comes back with another offer. Trading above where it was before they rejected the offer. Netflix known for keeping the ratings under wraps and nielsen says it has numbers for some of the streaming services most popular shows, including season premier of orange is the new black. Those details coming up. Hef hertz signed new deals with uber and lyft. The stock is down more than 20 this