Negative year in five years. Plus, new highs in striking distance stocks set for what would be a muted open after another round of wall street records. And the shipping wars, amazon blocking sellers from using fedex ground for prime fedex does report tonight after the bell lets kick off with boeing, though now on track for four straight declines the Company Confirming it will suspend production of the max beginning in january as regulators make it clear they will take their time in approving the jets return to service. Boeing says the decision is driven by a number of factors including the extension of certification into next year southwest, jim, is delaying return until april now thats the second delay in two months. They cant get this right and throughout this, the thing that people talk about, speak to large Money Managers look i do, we cant move the move this to 400 this thing gets through, we cant. Well stand there and buy the stock. Not going to let it go under 300. We want every
Meanwhile, argentina is slashing the amount of u. S. Dollars its citizens may buy. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 in new york, 5 00 in london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories we are following. Extension granted. The eu agreed to a threemonth delay for brexit until january 31, removing the scenario of a new deal split thursday. Speaking of halloween, fangs will be sinking their teeth into markets this week. Alphabet, facebook, and apple will report. And bring on the bling. Buy is offering to tiffanys, the iconic new york jewelers, for 14. 5 billion. Lets get to abigail doolittle. Record highs for both the s p 500 and the nasdaq 100. The first since july investors bidding stocks higher on a wave of macro uncertainty being lifted ar
Captioning funded by cbs good morning from the studio 57 newsroom at cbs headquarters here in new york. Good to be with you, im annemarie green. We are going to begin with Severe Weather overnight in dallas, texas. A powerful tornado touched down near Love Field Airport leaving widespread damage. A tornado people were told to take shelter immediately when the twister hit last night. It packed winds of up to 111 miles per hour. In north dallas, there were multiple reports that cars, houses, and businesses had been destroyed. The storm also downed trees and knocked out power to tens of thousands of people. First responders searched neighborhoods overnight for people who may have been trapped. One person described what happened. It started shaking. It felt like of like an earthquake. It started moving the house around, a lot of whistling, all that wind. Ths and stuf faffof was go mecyent minor. One person in benton county, arkansas, was killed by a tree that was apparently downed by the s
Live from the cbs bay area studios. This is kpix5 news. Now at noon. Pg es top brass expected to answer to state regulators. They want to know how last weeks mass power shutoff started and more. Im kenny choi. They called for the emergency meeting last night. Kpix 5 jackie ward on the tough questions pg e is about to face. Reporter in less than an hour the top executives will face some tough questions from the states Public Utilities commission. Some are happy about it. I think the Public Utilities commission is just as disgusted with pg e as everyone else is. Reporter she said while she is pleased with the puc calling this meeting, she is skeptical. The Public Utilities commission authorized the program that turned into such an user debacle. Obviously, the commission needs to hold pg e more accountable and impose stricker standards on the company. Reporter they called the power shut off an unacceptable situation that never should be repeated. It forced businesses and schools to close.
8 00 tonight in oaklands jack london square. Right next to the ktvu studios here on embarcadero. We have developing news tonight. Reporter we could actually see and smell the fire from the parking lot of our studios. I want to move out of the way so that you can see exactly where this happened. They are still up there trying to make sure that there is no fire in the walls in between the unit. Fortunately no one was injured, but it was quite a scare for the residents here tonight. The fire crews say they got the call about 7 58 this evening, and when they arrived, they saw flames coming from a second floor unit, and then spreading up to the third floor. There are two levels of the same residence here, they said. The chief called for a second alarm. The crews we havent inside to try to stop it from spreading inside, and also they put on lad inventory try to knock it off from above. Outside, we just saw residents lined any long the sidewalk and the parking lot. Some said at first when the