The rupee crashed to a fresh lifetime low of 70.09 against the dollar as investors were nervous that the plunge in the lira could prompt capital outflows from other emerging economies that run a hefty current account deficit and rely on foreign capital.
US West Texas Intermediate ( WTI) crude futures were at $67.63 a barrel, unchanged from their last settlement. Crude slid to the lowest in seven weeks as economic turbulence in Turkey and the strengthening greenback heightened concerns about global oil demand.
Although the lira rose slightly after the central bank's move to support the economy, it still hit a new record low against the dollar . In a rare joint show of force, the Trump White House and the US State Department have been operating in sync, which wouldn't be unusual during a normal presidency, but is exceptionally weird for the Trump regime.
August 7, 2018 - Musk surprises investors by using Twitter to announce he is considering taking Tesla private at $420 per share, adding "Funding secured". "'Funding secured' is a very strong term, and it has legal consequences", Pitt said. May 2, 2018 - Tesla shares slump after Musk cuts off analysts on a conference call asking about company finances, criticizing their "boring, bonehead" questions.
The River Fire, the smaller of two blazes that make up the Mendocino Complex, has been mostly contained at almost 49,000 acres since Saturday, Cal Fire reported . Another massive blaze, the Carr Fire , has blackened about 207,000 acres and killed eight people in and around Shasta County, north of Sacramento near the OR state line.
The agency declined to comment. Investigators in the Securities and Exchange Commission's San Francisco office are also scrutinizing Musk's moves. Musk on Monday gave his most detailed vision of how a take-private deal could work, but shares ended flat, indicating investor scepticism.