Catching the safe haven bid. Down by. 6 . I find it ironic that the missile was fired over japan if the yen is the safe haven currency of note. Gold up by. 8 . The highest since the election of last year and the vix jumped by about 20 . The good safe haven move happening all across markets. We are joined by Stephen Engle from tokyo and on the phone is. Aniel tenenbaum he provides regulatory Crisis Management support to Global Financial institutions. Youre on the ground. I want to hear whats happening with you first. What has happened in the last few hours . Has convened his second Emergency National Security Council gathering with his ministers of defense. To discuss their options. This after shinzo abe had a 40 minute conversation over the tone with President Trump calling this a grave threat coming from the North Koreans. Shooting intermediate range Ballistic Missile. Around area north or pyongyang that flew over japanese soil across the Northern Island of hokkaido early this morning
Economic losses of 42 billion, something not to be possible. Up 12 billion from monday. The trip follows the potentially surpassing Hurricane Katrina in 2005. Secretarygenerals meeting yesterday in jerusalemit less than 30 of harveys losses are likely to be covered by private insurance. Life flooding will continue in southeast texas, according to the governor, and he is urging residents to listen to state and local officials and spoke on radio stations in san antonio and corpus christi. Trumps 2020 Reelection Campaign urges supporters to donate to Disaster Relief efforts for Hurricane Harvey. The email urges people to help fellow americans in need. President says he hopes that the administrations response will be regarded as a model. At a briefing with texas officials, Governor Greg Abbott called the response so far very effective, to which the president replied we will congratulate each other when its all finished. Global news powered by 2700 journalists and analysts in over 120 count
Mark have a look at where european equities are trading. Equities are falling for a third day. These are the currencies rising against the dollar. We have defensive assets such as bonds falling, yields gaining, and commodities, that is the huge today. Lets get to the earnings. It owns caring and gucci, shares jumping as much as 9 , the highest since 2001. Fastest sales growth since 2012, boding well for luxury goods makers as christmas approaches. Reporting estimate beating sales indicating that the peak Holiday Season may see Strong Demand and potentially giving the luxury industry some respite. Demand is weighed down due to this company has risen to the highest since 2001. What a coincidence. ,ech shares jumping 18 today after theince 2001 Swiss Electronics Manufacturer reported betterthanexpected sales growth field by demand for its keyboard, computer keyboard, computer peripherals, speakers, and video gaming equipment. Logitech has benefited from the number of devices that people h
Ukrainian currency has been battered. And a surprising move from the ecb, which announced it is cutting off a key lifeline to greeces banks. The ecb says it will restrict loans. Shares of greece bank plummeted. Finance minister Yanis Varoufakis is in berlin where he will meet one of his main antagonists. Brendan bad news is at them is your health insurer. Hackers of stolen data. That data includes names birthdays, and Social Security numbers. No word on how the breach occurred or when it was discovered. The fbi is investigating. One investigation to another. Ubs is again under federal investigation. The u. S. Is looking into whether the bank helped americans and evade taxes. The probe reportedly centers on bearer securities that can be used by catch. Ubs solved a separate case with the Justice Department six years ago, tom. Tom in the soap opera known as radioshack, the bankruptcy can be coming in hours. The beleaguered retailer reported in an agreement to have Brendan Greeley make one
Allowing the bank used junk rated debt as collateral for pressure on the greek government to follow austerity measures if it wants to stay in eurozone. Greek stocks and bonds are falling today. Prosecutors are missing in whether one of switzerlands largest banks prosecutors are investigating whether one of switzerlands largest banks if it taxes. For six six years ago ubs settled another Tax Evasion Case with u. S. Authorities. Another big company attacked by hackers. It is the secondlargest u. S. Health insurer anthem. The hackers stole data on tens of millions of current and former customers and employees. And that will provide and that will provide cash anthem will provide Monitoring Services for free. Radioshack may be ours from going into bankruptcy. According to people familiar with the matter, it will sell leases on as many as 2 Million Stores to sprint. Standard in general is its biggest shareholder. The rest of the stores would be closed and shut down for good. It is the end of