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Investigation are now coming out by the minute. We have network and local crews working this story. Our coverage continues on nightly news. Lester holt will join us at 5 30. We are also following breaking news out of Contra Costa County. A News Conference underway right now as were learning more about a man investigators say set fire to a bunch of cars in the east bay. James bishop iii was arrested over the weekend after this car was torched. One of a series of fires that happened the past couple of weeks throughout county. Youre looking at a map showing all of them. Jodi hernandez is live at that News Conference with more. Jodi . Reporter thats right. Investigators told me that they noticed an uptick in car arson fires at the beginning of april, but things really heated up last week with backtoback arson fires ac ....
Julie quite a comeback for oil and in a short time. We were just talking at the beginning of the month about how oil entered a bear market. Not even three weeks later, its already back. Oil rising again today above 38 a barrel. Has been helping speculation about some kind of action on production to stabilize crisis. A simple chart but i think its amazing the magnitude of the moves oil has had. Through earlier in the summer. A 23 drop through august 2. A multiple bear and bull cycle compressed into the past year for oil. We are not seeing much of a roller coaster in terms of magnitude. Today from thee high to the low in the s p 500 is the second narrowest we have seen all year. E are looking at the range this just looks at the daily and low. Ween the high the dotted line is the sixmonth average and the range has been getting smaller and smaller. Less than a 1 move by the close in the s p 500. And its been a relatively quiet day for stocks in general. If you look at the individual movers ....
Not adjusting well. I dont think there are any winners. It is an accumulation of evidence that Monetary Policy is ineffective. Helicopter money practicality is zero. Scarlet it is straightahead on bloomberg best. Welcome. I am scarlet fu. This is bloomberg best. Start with a look at the top headlines. Monday began with a dose of disappointing data from japan. The company the economy grew less than expected. It contracted a second straight quarter. Well shy of the analyst thinking. What other standouts are there here . These numbers will not help. The take away, net exports were a drag on growth. X fell. Cap the strong yen is hurting demand from overseas. Fromemocratic drag coming a shrinking population is sapping demand. We are getting hit on both fronts. It puts the onus on Prime Minister abe to prevent a recession later. How might he respond to these numbers . He could acc ....
We are going to see if he puts his money where his mouth is and is a weapon the center to motivate Japanese Companies to list wages in some kind of meaningful amount. Post brexit hard data, import costs surging, input costs jumping. That is the story and the date of this morning it seems. The number of 4. 3 , to a seenise given what we have post brexit in the pound plummeting. The Banking Industry expects inflation to reach a 2 target that we have been talking about much faster than it originally anticipated. The question is, will the banks look to this number . If the pound gets stabilization, many predict it will decline, then the bank could look through it as a oneoff hit. You get a base a fivestory coming through and the bank can look through it and maybe cut rate further from here. Maybe the pound goes down more. The ppi at. 6 but it was that that put the cut among ....
Interviews. The market with the euro is not adjusting well. I dont think there are any winners in what is going to be the worlds most expensive divorce proceeding. It is an accumulation of evidence that Monetary Policy is pretty ineffective. The practicality of helicopter money is zero. Scarlet it is all straight ahead on bloomberg best. Scarlet hello and welcome. I am scarlet fu. This is bloomberg best. Your weekly review of the best the most important Business News , analysis, and interviews from Bloomberg Television across the world. Lets start with a look at the top headlines. Monday began with disappointing data from japan. The japanese economy grew less than expected. Business spending contracted a second straight quarter. I think it was 0. 2 growth, well shy of the analyst thinking. What other standouts are ....