Interest rates to 7 . Thats at that 25 basis point increase. There was one member of the policy making committee who voted to leave the rate unchanged. So not a unanimous decision but nevertheless mexico lifting its Interest Rate, benchmark Interest Rate for a seventh straight time to kesh some of that rising inflation. And also to anchor inflation expectationings. We do know that additional rate increases had been expected from economists as well. Julia and in a ties to what were seeing in the markets. The mexico peso stronger by. 8 going into this decision. Actually it is slightly softer as a result of that. But im talking marginal. Right now dollar in mexico down by some. 7 as scarlet said. This decision was expected. The question of course is whether or not they decide to hike once more this year. Because thats what the market is anticipating that they see rates go to 7. 25 terminal rate by the end of this year. Scarlet so were definitely near the end of this tightening cycle. But
American nation could achieve. No one could even come close to us. Maria the present renewing his call for immigration reform. He went to be an immigrant friend collecting welfare. Congressman Steve Scalise a special visitor on capitol hill. Bought a scion of card after another update on his health. Doctors say hes improved to fair condition. Once again another grade. Tropical storm cindy makes landfall. The threat of heavy rain and flash flooding 2 million. Photo looks to rebound today. The lowest level in nearly a year yesterday. Today up two thirds of 1 . The Broader Market in terms of stocks. Take a look at stocks this morning. The market fractionally lower. Dow industrials down 20 points. Nasdaq and s p 500. As you will see, weaker across the board. Ft 100 the cat around down 100. In asia overnight, as youll see with the exception of korea up one half of 1 . The motorcycle chain getting into rival ducati. We will tell you about that developing story. Tom brady makes another stop o
Happy gateway to the weekend. Wow, it hits you. It sure does. Construction workers are out there already in this morning, lots of construction coming up in a little bit. I feel for construction crews midday because it is still hot out there with all of their equipment and in big suits too we are thinking about you making sure you take care of yourself. Much like yesterday it is excessively hot but it does peak today. Our excessive heat warning takes effect and in the in that excessive heat warning the entire rest of the region that isnt shaded in magenta you are in a heat advisory but both of those alerts aring to go last from 11 00 a. M. To 8 00 p. M. Regardless where you are, this day requires, an extra planning on your part if you are outside in it throughout the day. At the moment all quiet on storm scan three, once more we will see showers and thunderstorms redevelop toward evening and we will get into that later in the broadcast but just getting outside the door actual air temper
And your family. I just got had. Good evening. Thanks for joining us on this sunday. Im tom llamas. We begin with a dangerous tornado outbreak tearing across the southeast right now with millions in the threat zone. These stunning photos coming in late today from georgia, homes completely blown away. A state of emergency already declared with 12 People Killed early this morning. A pdsa particularly dangerous situation in effect. Already at least one tornado reported on the ground this evening. In its path, a trail of destruction. A scene from hattiesburg, mississippi. Roofs knocked off and power out. Four People Killed there. And a storm in the east and weather weather swamps the west. More on that in a moment. We begin with the tornado outbreak in steve osunsami. Reporter this will be a heartbreaking night for a number of families across south georgia, recovering from these tornadoes seen here that tore through this community. In this one mobile Home Community alone, seven people were
Raise 2 billion. Haidi haidi Oil Producers considering extending cuts. Six nations say more time is needed to train the global glut. Rishaad China Southern confirming a stake sale with American Airlines worth 200 million. Suspended butock should resume when the session gets underway. , thatlooking at kaisa forerty developer suspended two years will resume trading. So a lot to look for two in the session ahead. Haidi absolutely. We are seeing a risk off session so far to kickoff the trading day. Lookof fence the two forward to, janet yellen speaking on tuesday, and as you said, hope springs eternal. Aroundd get more color this Monetary Policy trajectory out of the u. S. Given disappointment and concern over President Trumps Political Capital and ability to push through these tax progrowth policies. We are 30 minutes away from that open. Lets get it over to sophie with a look at the markets. What a great way to start off the week in asia. Sophie risk off this monday. We do have singapore