That you please keep your to no more than five minutes. Admiral blair thank you. I have the feeling that everything has been said but not by everybody, so we will fill in notes. Sen. Murkowski thank you for recognizing that. Admiral blair as we approach the 40th anniversary of the creation of the Strategic Petroleum reserve, a lot of the Energy Landscape has changed but the three things that are the same oil market is volatile, american businesses, and American Families are vulnerable, and the spr is our only shortterm line of the defense on supply interruptions, and it would be full hearty to draw down the single weapon we have to counteract Oil Supply Disruptions and price spikes. Madam chairman, you emphasized that your concern was National Security and that is my background and i agree. But Economic Security and National Security are tightly intertwined. The geopolitical actions are causing a disruption in Global Supply and there is a great pressure for military action. When i was
Eurozone inflation data set to come out in just over an hour ahead of the ecb decision tomorrow. We expect mario draghi to announce fresh stimulus to get closer to that mark of 2 inflation. Francine lets get straight to hans nichols in berlin. What are we expecting . Thed this surprise change way the ecb is thinking . Hans potentially. The expectations are for 0. 2 inflation increase. It would have to surprise considerably on the upside for mario draghi to scale back all the signaling hes done that he will expand the size and scope of quantitative easing. You look at the surveys we have. Expectmber, about 80 the duration to be lengthened. Beyond december 2016, a lot more expect the size of the assets to be purchased. A greater percent expect it to include other types of bonds. Maybe dipping into the state bonds here in germany. Certain point, you may run out of bonds to buy. That has been a concern. Those are the numbers we have going in. It bears mentioning that 0. 2 inflation isnt al
We had better than estimated Economic Data this morning. Largely, inflation getting closer to the feds target of 2 . With saw Industrial Production overall falling, that manufacturing zynga first gain in three months. Overall, the Economic Data was a little bit better. We have the sectors on the move and this sort of push off and pull with utilities dragging things down. Health care and Consumer Discretionary helping to support gain spirit, not it is our of the story. The weight from energy and copper worth mentioning. Copper prices at a sixyear low. Gold is trading lower today. Crude oil falling by 1. 5 after gaining yesterday and ahead of tomorrows inventory report. That is the drag we are seeing on the markets. Betty but retailers are holding off, arent they . Julie yeah, and that is why Consumer Discretionary is one of the better performing groups. Walmart is a big part of that. Betty is going to talk with Shannon Pettypiece in a moment about those walmart numbers. Shares are risin
Got an update on the reconstruction of i 29. Discussing the current phase of construction, which will see the nebraska ramp close permanently. I dot transportation planner Dakin Schultz led that discussion. And says its a project that long run. 33 were 3 3 3 3 Midamerican Energy is warning customers about another billing scam. The latest version occured last thursday when someone tried to scam business customers in le mars. City on friday. The scammer calls utility customers and threatens to disconnect their electricity unless they immediately pay a past due balance with a pre paid debit card. Midamerican says this is not its usual collection process. If you get a suspicious call you should hang up and contact midamerican and police immediately. 3 a man is under arrest after a brief chase through Sergeant Bluff this afternoowhat we know so far is that the chase began just after 2 oclock this afternoon and lasted about 5 minutes. It Headquarters Building on voyager avenue in sioux city.
Of a g20 communique. He welcomes the stock market correction. It was a super bubble. A bubble of a bubble. When you go there and the taxi driver is telling you which stocks you should invest in. He says even a 10yearold could see why the greek bailout was wrong. Telling cnbc that no Political Party could stabilize an economy thats imploding. Its of the upmost necessity and has been for a few years now is to have an Economic Policy which ends this extend and pretend nightmare over the last few years. It is one of the most critical jobs report in recent memory. This could be the number that decide ws whether the fed will lift off or push out its rate hike over the last month. Theyre calling for an increase in 220,000 in nonfarm payrolls versus 215,000 in july. August tends to quirky. The jobs number is often inaccurate as many people are on vacation when the government conducts its household and business survey. Lets take a look at u. S. Futures. Stocks failed to hold on to gains. The na