they are in the mature phase of what i call the dollar cycle which is dollar strength.hat comes to that is a lack of liquidity for commodities. i think what stops the -- weiating further is could go through a time when the dollar is less sideways and there's some weakness that opens the door for other countries to do some stimulus. francine: i love your chart of the day. it shows this is a great investment, 135% return, for the brave. it's for the brave because they have a default in 2001, a very big scare this year. if you going to russia and these tricky countries, how brave do have to be? and you have to hold a bond for a long time? dr. weinberg: you have to be very brave. i always think and this goes back to my days of restructuring loans in latin america back in the 1980's, the when you lend money to an emerging market, you are in the development finance business. you are taking a really big risk. if you can think 10 or 20 years down the road, you're probably going to get your money out rather well. but short-term investors for emerging markets are always close wit

>> i think stronger dollar better the country so i'm very much for a strong dollar. i thought he was correct what he said. we've got to make sure country es deliberately devaluing their currencies or hoarding huge amount of reserves, not allowing market forces to operate, that is a form of protectionism. shouldn't be allowed at least be allowed in the context of the secretary talking to them. i thought what he said was perfectly correct. melissa: what do you think of the idea of the debt ceiling and the fact we keep going through this fire alarm, we have to raise the debt ceiling at the same time you understand the other side of the aisle when republicans are talking about the fact that we can't keep marching on to this larger and larger debt without some sort of a discussion? this seems to be only time anyone is paying attention when we run up against the debt ceiling. >> but where the budget should be inhaled or should be controlled is through spending legislation. that is where we should really stop this problem. i don't see the debt ceiling really matters much in

tensionthey are under overemphasizing the dollars and factored multinationals -- dollars. multinationals are --, then the more domestic corporations. analysts got a little negative on the dollars impact, a lot of multinationals do well in dollar environment, because they are quality any scary world, they have hedges which mitigate their negative exposure to the dollar, so it has been happening for some time, they have been writing about it. we are at the other end of the trade where you want to buy multinationals that might have looked scary a few quarters ago. alix: you have a whole bunch of and afterand and october -- and then after october, we get bored. should they be putting up signs along the way? >> one thing we noticed was later reporters have worst news and the early reporters, so the guys that do not have good news, they wait until they are further out in the earnings cycle, so they wait to say they did not too great. exactly, we are focused on other things. it is worth may be paying attention the whole season and really focusing on this as the quarter progresses

items valued at more than 12-hundred dollars. police believe the men took off in this dark colored honda pilot suv if you have any information, call polk county crime stoppers at 515-223- 1400 a des moines family says they were wrongly targeted by aggressive bounty hunters last month. the bounty hunters were looking for a woman who skipped out on a 2-thousand dollar bond. when the dust settled...shots were fired, one person was sent to the hospital, and another is behind bars. aaron brilbeck has the story. "they're not playing. that was my initial thought on this."billie haygood of des moines says she was terrorized...and her brother, markus cade, was arrested,...all because he was protecting their family from what she calls out of control bounty hunters. it all started last month when bounty hunters with elben bail bonds...run out of this used car lot on southeast 14-th street...went to the this apartment cade and haygood shared...looking for a fugitive. cade told the bounty hunters he didn't know the suspect and allowed them to

, strong dollar, strong dollar.k you for that, david. south korea is enjoying its busiest deal in the decade with the volume of acquisitions jumping up from 12 months ago. korea is now behind only china among emerging asian economies and clinching deals this year. shery ahn has been taking a look at this story. how much are we talking about for south korea? shery: more than $86 billion in the first nine months of this year. jump of 17% from last year. as you said, it trails behind china's $362 billion, but still, take a look at the number of deals that south korea has actually clinched this year. it is almost double that from three years ago. look at that spike there. these m&a's are being driven by this generational shift in the structure of huge conglomerates. take overing heirs their business and more m&a activity. at the same time, there is pressure, because back in 2013 lawmakers opposed the proposal by the fair trade commission to simplified their ownership theirure, to resolve cross shareholdings among subsid

the japanese yen, dollar yen down for the third straight day. dollar yen, roughly speaking, 119. this is what is happening across major industries. checked, about 10 stocks. the rest on the nikkei down. let's have a look at what is happening australia. 0.5%. singapore come about only -- singapore, the economy managing to avoid a technical recession. the bank seen policy for the second time to read chinese markets, the big story for the day. down.ai composite down nearly 240 points. within the china space, the inflation space. it is going to be a big market story people will be focused on. since august 13 -- there we go. that, gold, i mentioned. it was on the way up until this morning. we see the adjustment up. gold trading at its highest level since july. in a world with little or no inflation. rishaad: lingering deflation risks. inflationthe -- extended. 1.6% on year. that was a low estimates and softer than what we saw in august. producer prices fell 5.9%. staying in line with estimates. extending the deflation streak. in six years. on food prices, a little more subdued than we

the cost for the second amendment is 147, 808 dollars and bring the contract value to 3, 752, 137 dollars. this next slide shows one of the boarder elements at folsom and second. this is servicing west bound traffic transit along folsom street. the next slide shows the other two transit bording island. west bound island is befween beel and free mont fronting developing block 6 and enters east bound islands between freemont and first. that leads to mou with sfmta. sfmta is proposing aboarding islandss along folsom. this initiative is known as [inaudible] and service the future route 11 bus line along folsom street. sfmta requests ocii >> student have cmg include the design into the folsom street project. [inaudible] and utility plans and relocations. approximately 33 thousand dollars is spent and sfmtasic knowledges the work performed and expenses and reimburse ocii subject to the mou. [inaudible] expenditures for transbay folsom street are included in [inaudible] staff will also include project expenditures for the next drop period 15/16 b. there are sufficient funds available to continue

record lows against the dollar.l juxtaposition for the central bank right now, left rat es unchanged at 6%. the currency is getting crushed. is the worst over for the rand or is the worst to come? tito: i'm very concerned about what is happening with the exchange rate, but central bankers do not have a target level. manus: you're going to say that central bankers to not talk about currency. you can talk about a bit is the worst to come? tito: i think there is some difficulties in the immediate short-term. but i expect a rebound, particularly when you look at the technical sectors. the current account deficit is a percentage of gdp. it is around 2.1%. so that is a good indicator of what is a likely, automatic stabilizer. in fact, the weaker exchange rate, for some reason, is also good for rand price exports, which will have an impact on the balance of payments and have an impact on exchange rates. i think it is true, in all honesty, that what happens to the u.s. interest rates cycle will have an impact as well and th

dollar strengthening, 119.91. -- dollar yen strengthening, 119.91.llion has been reflected -- rejected from an investment firm. let's get more from paul allen in sydney. what else do we know about this approach? guest: this also was made a couple of days ago. 6.88 per share, which was a pretty healthy premium, 26% over whichday's closing price, valued the company at $5.3 billion. but santos does not take long to knock it back, calling it opportunistic and subject to numerous convictions -- numerous conditions, many of which were not acceptable, and conflicted with santos' strategic review. considerys they will proposals that deliver value and certainty for shareholders. says an environment of been hanginges has on it for some time, so it was a matter of if, rather than win, an opportunity like this would come along. up 17.5% inhares the first 30 minutes of training this morning. -- trading this morning. angie: people, to say the least, are excited. released first quarter production numbers this morning. what did they say about that? how do they stack

they'll receive 25- thousand dollars from the state and have 40- thousand dollars in donations from local companies to run a joint stem program. organizers say the idea is to match students with local companies where they can learn about technology careers while getting school credit. "it's an extension of what we already have going on but it allows us to go deeper with job shadowing, partnerships and making it a trimester, semester long experience really digging in to stem careers and opportunities " superintendent cox says smaller districts can be at a disadvantage compared to urban areas in providing stem opportunities. but a joint program in three counties should solve some of those problems. kids have a new place to shoot hoops in cedar rapids. today, the boys and girls club held a ribbon-cutting for an outdoor basketball facility at the polk alternative education center. two charitable organizations collaborated with the club to build what they call a dreamcourt. "22:42:56 that's the idea behind the nancy lieberman foundation. they want to go into areas where they can bring nice and

now five dollars 60 rallying and 40%. shows you the degree of how oversold markets were getting. when you look at fundamentals, we have support coming through to china. china's official pmi is just over 49.8. suggested manufacturing is ok. yes we understand that china is slowing, but the pace of that slowdown is not as much of it turn. i think there's a whole range of factors. what we really advise clients to hold steady. angie: do you take profits as well? >> it's very much. to some extent it may well be. i think a lot -- a lot of always cumulatively in the markets in september has been happening. we've been talking for 18 months about the fed raising rates. the commentary overnight was potentially -- were pretty comfortable with that outlook. our keyn one of recommendations. but buying into a strutting companies with high levels of revenue. i guess we are seeing prices in the markets, equity markets at least the u.s. dollars seeing some weakness here as all of those long-term positions -- a lot of people rethinking what

dollar. in terms of thinking about what's happening with earnings, you need to take these things out. i am not arguing that they didn't happen, but is -- it is important to keep in mind that for reasons of seasonality, we look at year-to-year earnings growth rates. from what i call the dollar , ise from mid-april to today would say the dollar against major currencies has a sickly been flat. what's going to happen by q1 is the dollar's rise and the impact -- you are basically going to get a big pop in earnings because underlying earnings in 10% or. basically ran at 10.5%. when you adjust for oil prices, what are you measuring question mark how many companies are not affected by the stronger dollar? binky: the way that we do it is if you think about the s&p 500, i would say energy and materials are dependent on oil prices and commodity prices. those are driven by the u.s. dollar. then there are financials. financials in this cycle are a whole different that of issues. what we always do in the f

dollar reduced sales.in commodities has resumed following data that shows china's economy growing at the slowest pace since the 2009 financial crisis. down onpper, both are concerns about china's weakening demand, but oil halted its slide near $46 a barrel ahead of data expected to show u.s. stockpiles have expanded. let's check in on the markets in asia. in new zealand, we see games, 0.5% higher. of thateels better-than-expected third-quarter gdp figure from china, to australia we go, where china is its number one trading partner, and australian equities look like this. it's down. lagging today as we see australian equities hit by this commodities slumped. the australian dollar spot, i wouldn't say it's unchanged. also, counting down to the opens in japan and korea. let's head over to japan. yesterday, 18,131. dollar-yen. the u.s. has released its semiannual report on foreign exchange policies. david english is here with the softer language. david: one of my favorite comments on this was from accel murphy

has had a strong dollar policy.omise that they won't use the dollar to try to win trade concessions. rishaad: you're saying they would never use the dollar as -- they would never manipulate the dollar? guest: i would say they would bentsen, as heyd said to japan, if you don't open up the market, we won't let the dollar fall. those days have not resumed. the effort on the tpp has another sign that even though we have tough economic currency, the u.s. still sees as a whole free-trade to be the direction. rishaad: great have you on the program. thank you. mark chandler. juliette: now to the stories making headlines. the latest nations have agreed on what they are calling a 17 point action plan to tackle the migrant crisis. it comes out of an emergency summit called by german chancellor angela merkel on europe's biggest refugee influx since world war ii. the eu says they will increase the reception capacity increase by 30,000 places and financial risk part will boost the ability to protest -- process. exit polls say pol

the jobs start at 12 - dollars to earn upupo 16 - dollars an hour with benefits. applicants can apply this month at job fairs being held friday afternoons from 1 until 4 at the bakery. applications are also being taken by state worforce services in both iowa and south dakota. diana>> a dakota city park damaged in last augu's windstorm is almost back to normal... thanks to help from lowe's. the retailer awardrd the city of dakota city a 20- thousand dollar grant this june to help rebubud the shelter house in beermann park. the newly- rebuilt shelter house is bigger than the one demolished after the storm... holding six tables, with our electric outlets and an overhead light. construction started two weeks ago... with volunteers from lowe's doing the roofing this morning. "it's very nice knowing how mumu this park get used. we've had some people some residents volunteers stop while we've been working during the day. and 'hey can i come and help, are you going to be here this weekend working?' or people have actually wanted to come and help there taking owner ship in

and the equipment in them are valued at more than 100- thousand dollars. its nearly time to park the carts and put away the putters.... golf season is coming to an end.... but there was reason to celebrate today... record breaking results from the john deere classic... angie sharp has the story. "magic happens here... that motto is measured by the millions... ...as the 2015 john deere classic helps raise a record 8-point-7 million dollars for charity. we're on the shoulders of 20,000 people in the quad cities who made pledges... that pledge number comes in and we kind of had an oh wow moment. i actually went back and reviewed and reviewed and kind of did my own little audit because it was a substantial increase. a 40-percent increase compared to 2014 & double the tournament total in 2010. organizers say golf star jordan spieth & movie star bill murray made this year one-of-a-kind... record crowds resulting in record revenues... it's like christmas in october whenever this happens. but the real winners are the 488 birdies for charity program. of those picki

the dollar goes down. they're going to raise rates. the dollar goes back up. oil goes back up.y brought a new dynamic into the market, that if they are not going to raise rates, the variables they are looking at can go their way. but as soon as they go their way, they will raise rates. in the variables will turn down. anna: so then we are stuck. david: i think the fed has changed the dynamic. anna: interesting. i was struck by one of the lines in a minute. compared to previous forecast, more now, we're seeing that inflation is tilted to the downside. it seems amazing in the complex of rate rising. 2018, they are saying they may see 2% inflation. we have argued that the feds wanted the cycle truncated. if the world is falling apart, and growth is absolutely collapsing and the financial problems -- the dollar have a safe savhaven. but the fed is not raising rates because of deflation and the perils running along, that is good for emerging markets. i think this is kind of stagnant. it could boost them, and we're seeing the dollar ran. things have collapsed since the payroll number

the outside of the dollar tree received 5- thousand dollars in damage. verbeski is charged with second- degree arson and criminal mischief. he's being held in the woodbury county jail on 10- thousand dollars bond. meanwhile... police have been *looking* * r the driver of a car involved in a roroover cident this afternoon on sioux city's west side. it happened just after 2 o'clock in the 31- hundred block of edmunds avenue... a couple blocks south of west high school. when police arrived... they found the car on its top... but empty... with no trace of the driver or any passengers. police say they know who the car belongs to... and will use that as a starting poininin their investigation. diana>> work on a nehousing development in morningside was briefly interrupted this afternoon. construction crews hit a 1 and a half inch gas line with a piece of construction equipment. utility crews quickly sealed the leak... allowing the crews to "lakeport view townhomes"... located behind the lakeport commons shopping center on the site of the old moringside nursing

if you look at the dollar versus the major currency, which is the dollar index, that as more or less been range bound since march. in the spring and summer we saw a big rally in the dollar versus these minor currencies. the minor currencies account for about 57% or so of u.s. import. we're seeing a lot of downward pressure on commodity prices, u.s. firms that do business abroad are getting that double whammy with the slower growth. whatever earnings they're making, it will be less in dollar terms. and that is in a big issue the last -- then a big issue the last three or four quarters and expected to be in the near-term. lotonals, yeah, there's a to be concerned about. but there is a lot to be excited about with the u.s. domestic economy. even though job growth has slowed down a little bit, it has still been very strong over the last year. we are seeing consumers been in being supported by the job growth as well as the drop in gasoline prices. pimm: scott, let me break in because you talk about lower gasoline prices, the consumer perhaps having more money, but you're not seeing any wa

a stronger aussie dollar. in new zealand, let's head over there. , rbnz -- new th zealand equities selling off. korea, all about the boj. let's get over to japan. yesterday, the view from their ahead of the boj. and then after the decision to rates steady. dollar yen weakening. 99 ahead of the boj. anticipated to hold the most anticipated meeting. s divided on whether he will boost a record stimulus program, but they agree it is going to be a close call. us liveespondent joins from tokyo. what is the boj considering? reporter: good morning. for the bank of japan. what they need to decide is whether they are going to expand a record asset program. they are buying bonds, exchange traded funds. theyuestion is whether want to keep that going or get more creative. debt.by local government a lot on the table for them to consider. the backdrop is they are dealing with a mixed bag of data. a mixed performance of the economy. though we had better numbers on industrial output yesterday, they are undecided on which way t

the cost for the second amendment is 147, 808 dollars and bring the contract value to 3, 752, 137 dollars. this next slide shows one of the boarder elements at folsom and second. this is servicing west bound traffic transit along folsom street. the next slide shows the other two transit bording island. west bound island is befween beel and free mont fronting developing block 6 and enters east bound islands between freemont and first. that leads to mou with sfmta. sfmta is proposing aboarding islandss along folsom. this initiative is known as [inaudible] and service the future route 11 bus line along folsom street. sfmta requests ocii >> student have cmg include the design into the folsom street project. [inaudible] and utility plans and relocations. approximately 33 thousand dollars is spent and sfmtasic knowledges the work performed and expenses and reimburse ocii subject to the mou. [inaudible] expenditures for transbay folsom street are included in [inaudible] staff will also include project expenditures for the next drop period 15/16 b. there are sufficient funds available to continue

' that dollar. the money donated to our fundraiser is used to purchase gift certificates good for a turkey dinner meal that feeds four, through hy-vee in altoona. these certificates are given to our friends at caring hands in altoona, and then distributed to those families that might not have a holiday meal over thanksgiving and christmas. over the last two years alone, we have raised enough to feed 104 families over the holidays. we have some more information from our past fundraisers at our website. http: teases are done! gaining ground polls show a new candidate leading teases are done! if you think we can grow our economy while ignoring climate change, think again. america's most innovative companies are already moving to clean energy using existing technology to improve their bottom line. now we need a plan to help businesses and families across america to save money on electricity and create millions of new jobs. it all starts with 50% clean energy by 2030. the pack. hear the debate day strate

dollar. that's basically a factor we have to look at this terms of not being able to reduce our rates, which are strongly positive in real terms, even though the -- is negative. rishaad: any fund flows as a result of this will they-won't they attitude, arjuna? >> elling i think the market's probably waiting for the 29th to get some direction. as we know, fed chair yellen has said she will raise rates before the end of the year and that is narrowing rapidly. so will she change her mind on the 29th is i guess the question on everybody's mind. >> what have you been advising the government to do in order to programs reduce the deficit and also reduce some g.d.p. levels? >> obviously revenue collection by the government is a key element of the new budget. revenues in sri lanka have drastically fallen. to 10% of g.d.p. in the last year that. has to be fixed and that the be the key focus of the bunt. i think we will see some very interesting new initiatives when the budget is announced on the 25th o

lower than 100 cents on the dollar.tyle in retirement. if you're going to live a fairly sedentary lifestyle and not be traveling around the world, again that number comes down. if you're going to be more active in spending and traveling more than you were when you were working, that number's a little bit higher. and then health care's essentially the inverse. the worse your health care the higher your costs are going to be, the higher your out of pocket. it's essentially the combination of those three factors that give you a replacement income rate that we talk about that somewhere between 60 cents on the dollar and 100 cents on the dollar depending on those three factors. >> all right, john, thank you very much for your help. john sweeney with fidelity. >>> coming up, have you gotten your flu shot yet? the big numbers behind this $1.5 billion business. in the first of our three-part series on the flu-fighting industry. ♪ >>> the u.s. treasury softening its stance on china's currency. in its semi-annual report on exchan

dollar. s ist: we think thi dollar supported.oking at a stronger dollar over the next weeks and months. that is something investors need to consider. the australia dollar, more downside. if you look at the latest numbers, not so great. there may be cuts. look for broad dollar strength versus the asian currency. sounds like the strategy at the earlier part of this year which was everyone was long the dollar. guest: absolutely. growth stillasian remains in place. rates andght increase that gives room to breathe. we have seen recent data out of asia. less negative, some people stabilization.as markets can get quite excited but the underlying situation in the economy shows a slowdown. maybe more moderate. dips. you say buy the to hear thatng this could be oversold territory, the value could be right now if we take advantage of it. what do you think? guest: we need to see some sort of acceleration in growth. happen.unlikely to we still have our challenges here. we increased leverage on the private side and we need to digest that. angi

million dollars today? money manager scott martin with me now. scott, what are the best ways to invest a big chunk of change like that? i think most people save, but it is in little bits and pieces. >> it is very small bits and pieces as studies are showing today, deirdre. if you're lucky enough to have access to some coin like donald trump does, tell you what. first thing you have to do, pay down high interest debt. not necessarily say the mortgage on your house which hopefully you refied down to 3 to 4 to 5% range but any high interest debt, student loan debts. things on credit card, that is numberone. take all that out. number two, buy basket, high yielding, very strong structurally blue chip stocks. a lot of companies you use in your daily life like google, at&t, apple, microsoft. companies you know, that companies pay dividends that will be around a long time. thirdly i would hedge out or say, limit the risk on some of those individual companies by actually buying bonds. buying fixed income instruments

oil and the dollar are tumbling. two years after taking his theany private, largest tech acquisition in dell, yes orhelp no? building on her frontrunner status what will other candidates say to cut it to her lead? we are one hour from the closing now. latest and has the we just cannot hold onto this rally. julie: keep in mind the context, columbus day, volume is trending lower. it looks like we may be extending by a tiny bit ra. stocks have been bouncing around throughout the session and oil we had opec you take the last month was the highest in three years by opec nation. that is helping to push down oil prices. readers writing a bearish stance on oil prices we've seen oil prices down by almost 5%. barrel touch about $50 a , rise against highest $50.13. the bloomberg airline index is rising for the fourth straight day. it has been gaining steam throughout the session, of 53%. that rally helps not just by lower oil prices with commentary from the airlines as well. if you look at the individual airlines and where they

why do you need federal dollars? you're making a ton of dough. >> we don't make any profit off federal money. if i could just have a moment to explain. >> but you are using -- >> 1.6 million -- >> displacing money that could go to the 13,000 health care clinics. my time is up. i yield back. >> could i answer the question? i'm not sure exactly what the whole question was. but i do think it is really important to understand that 60% of our patients are receiving -- they are either medicaid patients or title 10 patients. 78% live at 150% of poverty or below. for many of them, it is the only family planning provider that will see them in their area. half of our centers are in medically underserved communities. we don't just get a big check from the federal government. we, like other medicaid providers, are reimbursed directly for services provided. >> mr. chairman, thank you for allowing ms. richards to answer the question. >> as a point of clarification, ms. richards, i want to make sure there is no ambiguity here. the

to seven dollars 40 -- 43australian dollars australian dollars. up 15%, no doubt among the board. at least three people were killed and thousands more 18-hit the philippines. a 14-year-old boy died when his home collapsed wall to people drowned figure them the storm weakened as it made landfall. winds blew down to 85 kilometers per hour printer thousands of airline passengers worst round -- were stranded and clue -- were stranded and schools have been closed. his decision to rewrite the constitution and allow japanese forces to serve abroad is prompting criticism from china, korea, and others. it also led to popular protests at home. says it willbe help their forces were closely with u.s. and other allies have warned the west to keep its nose out of regional affairs. a three-day security doormat -- security forum in beijing says western interference in the south china sea would be the worst possible scenario. the pentagon said it may send warships into the area. china's increasing control of disputed islands -- we have a busy week. of economic data out of china today. for more on

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the outside of the dollar tree received 5- thousand dollars in damage. verbeski is charged with second- degree arson and criminal mischief. he's being held in the woodbury county jail on 10- thousand dollars bond. meanwhile... police have been *looki* for the driver of a car involved in a rollover accident this afternoon on sioux city's west side. it happened just after 2 o'clock in the 31- hundred block of edmunds avenue... a couple blocks south of west high school. when police arrived... they found the car on its top... but empty... with no trace of the driver or any passengers. police say they know who the car belongs to... and will use that as a starting point in their investigation. diana>> work on a new housing development in morningside was briefly interrupted this afternoon. construction crews hit a 1 and a half inch gas line with a piece of construction equipment. utility crews quickly sealed the leak... allowing the crews to return to work. that development is called "lakeport view townhomes"... located behind the lakeport commons shopping cent

this is the new zealand dollar versus the u.s. dollar. when theee this jump announcement happened.id it jump? new zealand is a big exporter of dairy products to china and dairy is a huge part of new zealand's economy. demographics are slow moving, so you would not expect this to have an impact right away. but maybe in the margins, theoretically there will be more babies and more consumption of new zealand dairy. a fascinating picture. chinese moms don't trust the locally made infant powder. what is the bigger economic impact as china and its one child policy? is an economist at citigroup's global markets. what is your take on the end of this policy? obviously we won't see the effects tomorrow. ebrahim: china's huge story for the world economy. that's one reason we are concerned about the trajectory china takes. there are many other policy measures taking up our mind space. when it comes to this policy, over time it will have a beneficial effect on the growth rate. china is going through its own demographic decline right now but i would be strongly skeptical that it will be a meanin

dollar-10 right now -- dollar-yen right now holding at this level.hinese stocks rallied to their eyes level in several weeks amid speculation that the government will do more to bolster economic growth. the shanghai composite climbed nearly 3.5%. trading volume jumped to one-month highs. withndex has rebounded 12% investors expecting the pboc to lower interest rates and cut the reserve ratio requirement. india's economy is quickening and the reason could be little -- lentil. more tornment imported also the port -- to offset the poor domestic harvest. the r.b.i. says it will probably meet its 6% target for january. barclays may soon have a new man at the top. sources say the letter is close -- jes staley ali at its new ceo. he is a front runner for the post and his appointment might be announced in the next two weeks. he was once seen as a potential successor to jamie dimon and may take over after they fired antony jenkins. embattled glencore is in talks copper mines as it seeks to cut its $30 billion debt by a third. let's get the latest from david s

the million-dollar question.ntinue today get into yesterday's meetings -- minutes. ♪ betty: welcome back to the "bloomberg market day." h.me for our business slas insurance companies will be taking a hit from those wildfires in northern california. $2 billion in economic damages. state farm is the largest home insurer. credit suisse may sell stock to raise a billion dollars. -- $8 billion. under pressure by swiss regulators to raise capital to protect against another financial crisis. a plan to allocate more resources in asia. sabmiller doubling the amount of cost cuts and has planned. been urging shareholders to push forward to negotiate a deal. you can always get more business news at bloomberg.com. european markets just now closing for the day and for the week. for a look at today's action, want to head to london where mark barton is standing by. mark: six days of gains for european stock markets, the best run since the end of july. investors bet the fed will not budge on u.s. interest rates this year after th

for every ten dollars of spending cuts. presidential candidate "you find me a democrat that is for cutting tax-- cutting spending ten dollars, i'll give them a warm kiss.""thank you, governor..." carly fiorina says politicians have talked about tax reform for decades. presidential candidate "there are loads of great ideas, great conservative ideas from wonderful think tanks about how to reform the tax code. the problem is we never get it done."she says it will take a strong leader to do that. i'm andrew spencer, reporting next up... is the democratic presidential candidates. their second debate takes place at drake university. it's november 14th... on c-b-s. central iowans could be paying more for water next spring. "des moines water works" approved a ten percent across - the - board rate increase. it affects all customers in polk county. but it's also expected to drive up rates in neighboring suburbs... who buy most of their water supply from the company. the c-e-o says this jump in rates is something that's happening acro

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iowa is getting about five million dollars. but as the country's top corn-producing state, we could see benefits from more states having these pumps which allow for higher blends of ethanol. fuels association is pushing the presidential candidates to talk about ethanol and other fuels. the group is speaking to candidates about it -- and also has this to say... 'well, i will tell you i was great, candidates were tripping over themselves to visit plants ethanol production grew and we got into the fuel supply, the and they have some pretty big resources so they started pounding back.> ethanol came up in last night's g-o-p debate. ben carson was asked if he well, first of all, i was wrong concluded is that the best policy is to get rid of all government subsidies ethanol wasn't the only iowa issue brought up during the debate. new jersey governor chris christie talked about energy. we need to make sure that we where it's affordable, solar, wind in iowa has become very affordable and it makes sense. that's the way we deal with globa

the outside of the dollar tree got 5 - thousand dollars in damage. verbeski is charged with second - degree arson and criminal mischief. he's in the woodbury county jail on 10 - thousand dollars bond. and police have been *looking* for the driver of a car that was in a rollover accident yesterday afternoon on sioux city's west side. it happened just after two o'clock in the 31 - hundred block of edmunds avenue... a couple blocks south of west high school. when police got there... they found the car on its top... but empty... no trace of the driver or any passengers. police say they know who the car belongs to... and will use that as a starting point in their investigation. jake>> women under 55 who've had a heart attack are less likely than men to be prescribed or to fill their heart - attack prevention medication. that's according to canadian researchers who analyzed data heart attack patients. they say more attention should be given to younger women because they have much worse outcomes after a heart attack compared to men. jake>> mothers who exper

now the dollar has dropped off, trading a bit above 70%. they are a lot calmer about its equilibrium with commodity prices. they seem a bit calmer. there hasn't been too much of an increase in the unemployment rate, it has been reasonably stable, and that is where the big political push is. they noted again that it had been fairly stable. they are sitting back and watching the stage. there were few signs of any -- ther and pending stimulus. the aussie dollar rose after the ittement, and based on that, aided the currency. jonathan: we are still seeing that fx move, the aussie dollar up. here in europe we are always looking for evidence of the china's slowdown. you can see it in the german factory orders may be. where do you think -- is australia in their trade balance? michael: yeah. we had a trade report out today for august. widening of the deficit, quite a lot wider than economists were forecasting. it was interesting because volumes of resources are increasing as australia brings more mines into production, but commodity prices have come

dollar, which dominates at 45%.he yuan at number four in august of this year -- think of it at the end of 2012, it was at about number 16. in 2014, it was number 12. it already has risen to number four. china is really pushing the overseas use of the yuan. earlier this year, the yuan became the most active currency for payments to china and hong kong -- eight most active currency for payments. appointed clearing center lenders in about 10 different countries, including two more countries. this year it has also opened up its local bond and fx markets to foreign central banks. this has been a push by the chinese to get the yuan to be used more internationally. that is reflected in the latest data from swift. also, this is a side note -- number two already for global issuance of letters of credit by value at 9.1%. the yuan's number two behind the u.s., which is dominant by about 80%. angie: that really reaffirms china's stance that it is increasingly being used as a global currency, which supports an imf decision into

the euro/dollar was down to 105.ng pushed 1.15 we had it into a trading range. we have a narrow wedge going on. and declining resistance. extending those 2 trend lines they meet in december. the euro/dollar is a coiled spring. it is getting a narrower trading range. the fed will make the determination as to which way the euro/dollar moves. that analysisstop in december like we did a couple of weeks ago? mr. sinche: yes. tom: it makes me you're in for greece once again. robert sinche and alessio de longis. will beat to death december and the fed meeting, just kidding. dow futures up 55. stay with us, bloomberg "surveillance." ♪ ♪ francine: welcome back. bloomberg "surveillance." coming up in an hour, the bloomberg rate survey -- rate decision. europe back to pre-level qe levels. the eurozone recovery is fragile . these are questions mario draghi will be fielding after we get the rate decision later. the single best chart. tom: let's go to something from rbs. alessio de longis, this is an emerging market debt that can

i mean even a dollar, it couldldave been that dollar that helped save son, that helped save my twin daughters later on." say erin rydgren and harlen buman jessica rae: a basket raffle and ch massages are set for st lukes atrium tomorrow at 4 in the afternoon.this years radio- a-thon wraps up on air tonight at 6 pm. jessica rae: a traveling group is getting iowa kids interested in science... the group called , "forces in motion live," added hip hop in a show about physics at franklin middle school in cedar rapids iowa. it uses theatrics and a lot of p pps to make some serious points. teachers participated in skits using padded "sumo" suits to show the effects of force and mass. the entertainment allows scientific principles to come to life. "kids don't know what to expect when they first get here but by the end of the showowhey're really pressed, they really like it " jessica rae: the honeywell corporation and nasa sponsor the forces in motion show as a way to get kids interested in science education. jessica rae: the c-e-o of a major advocacy group representing coal producers says the carbon

the singapore dollar hit a 6-4 low against the u.s. dollar.i slipped to its lowest level in nine years and indonesia fell to its lowest level against the dollar in 20 years, many faxes or are driving it down, a wrong them lower oil price asks a slowing chinese economy. and a financial scandal involving the prime minister, florence l on. oi reports from wall a lumpur. >> reporter: she started her own business five years ago. she sources and packages for corporate gifting. many of the items she buys are from abroad and quoted in u.s. dollars, the depreciating local currency is i can mag business tougher. >> i have canceled the order from my client. i had to cancel a approximately o. because what i quoted back in july, for example, the rate was below 4. and it was a large jim that i cannot cover my costs. >> reporter: it is now asia's worst performing currency. having fallen to its weakest level since late 1997. an economic slow down in china. ma raich's largest trading partner and the slum inch the price of oil be contributing to the decline, it

the rate will jump a dollar from 8.99 to 9.99 a month. it will not affect existing customers for at least a year. the price has more than doubled, now at 114.93 a share. >>> broader markets look weaker at the open after the rally yesterday. the dow jones industrial average is expected to open lower this morning as is the s&p and nasdaq under selling pressure. check europe this morning, stocks looking like this. we are seeing gains throughout europe. s&p 100 up 50 points. cac and dax all higher by half a percent and 1 1/2%. >>> nobel peace prize awarded a short time ago. >> the nobel peace prize for 2015 is to be awarded to the tunisia ann national dialogue quartet for its decisive contribution to the building of a plural listtic democracy in tunisia. maria: the quartet rose through the arab spring revolution in tunisia in 2011. the nobel committee noting at a time of chaos in syria and worst migrant crisis in europe since world war ii, they chose to honor a country taking on a different route hoping it can be a beacon to others. >>> the h

they held a dollar campaign throughout the day yesterday, asking staff and students to donate a dollar to the cause. the waterloo school district is moving forward with a 47-million dollar plan to build a career and technical center for its high schools. the school board voted to approve the recommendations last night. those include starting 30 career and technical education programs for waterloo over the next 3 to 4 years... renovating all three high schools... and building a new facility on central middle school grounds. waterloo's superintenden t says the center will prepare students for life after high school. "we were looking to do something that would provide a different type of education for our kids. we didn't want to just tweak something. we wanted to add something we do not have, that made it unique for our students." lindaman says the center will increase graduation and attendance rates. the district will now move forward with making plans for funding. this afternoon, kids in cedar rapids have a chance to get a free pumpkin, just in time for halloween. the wellington heights

the typical retiree's benefit is about 13- hundred-dollars a month. tim: presidential candidates on both sides of the race chimed in today on the flat line of cola benefits. democratic candidate bernie unnacceptable." the vermont senator said today quote senior poverty is going up and more than two-thirds population rely for more than income, our job must be to expand, not cut, social security." former arkansas governor and g- o-p candidate mike huckabee is also weighing in on the subject. he said quote ". while i know there are many good members of congress who oppose this, medicare premiums keep skyrocketing, and 70 million americans, nearly one-fifth of our population, will not receive a social security cost of living increase next year." tim: a sioux city nursing home worker is being accused of stealing from a resident. 35-year-old olibia (oh-la-bee-ah) navarrette allegedly stole a credit card from the unidentified resident. authorities say navarrette used the card multiple times ringing up over 55- hundred dollars in bills. navarrette is being ch

dollars worth 308,000 dollars video, by the way, guys should tell you was shot in front of his office is mad. >> needs to work on technical, i could give her pointers. hadn't you got to jump on the hood you got to do body damage, on the top of the car. you definitely have to have a stiletto knife so you can -- destroy all the car. >> experience? >> no -- >> hammer in hand. >> reporter asked husband for reaction he said let her destroy it i will get it repaired charming guy. >> how about another car. >> she is not getting that in would do divorce settlement. >> hat chtworks well sharp end blind end. cheryl: would you think more -- >> you know too much. dagen: only thing i cherish more than my dog is car i would never damage anyone's car, well maybe. cheryl: somebody else's maybe. maria: i mentioned the hammer the hatchet. dagen: in country we have an epic tool collection in my family. cheryl: we're going to attempt to -- >> don't cross her. cheryl: would you think could have gotten the front i was hope video would show sfront security guard tried to stop her gave up let her finish the

the dollars generated from the turbines will be more than 170- thousand dollars a year for tif projects. abc9 news reporter bria bell has more details on the turbines... "it's tough to have to make this big decision, you know? to have to the county step in and hehe with this big decision...i just want to see the county hearing left many unhappy as the board of supervisors unanimously voted to implement a tax increment financing to assist with financing the city's developmental needs. "as a board of supervisors and a member of the board, we have to look at a balanced approach to what the tax dollars that are generated d n be used in the best way," said sanders. although this plan will affect t x payers, property taxes and schools... county officials believe their decision is for the betterment of the harris area doesn't because this is the hearing about the "i would think that if you've got respect and integrity you'd have meeting with landowners and say, 'hey are some of you people thinking about helping harris, you know?' but they don't talk totos," said brueggeman. to help pay for the

with the 25-thousand dollar state stem grant. dave franzman kcrg tv9 news. the governor's stem advisory council issued 12 grants. the dubuque school district will use its grant to re-design the pre- engineering rooms at senior and hempstead high schools. the rooms will have a special projector with a wireless connection to student laptops to project student projects. two schools: n-i-c-c and loras college, along with two companies: i-i-w and john deere matched the state's 25-thousand dollar grant. and north tama school district will use the grant to re-design the traditional kindergarten through 2nd grade classrooms to have an early childhood stem focus. u-n-i's regents center for early developmenta l education matched the state stem grant for a turning to weather., meteorologist joe winters is here. joe, it's been another cool, windy day. any difference tonight? after a string of cloudy and cooler days there is better news ahead. we do however have to wait until the end of the weekend to see most of it. overnight and friday we s