Good morning, everyone. The Brazilian mining company Samarco which is jointly owned by BHP Billiton and Valley since two of its dams that it uses to hold waste water from iron ore production are damaged and could also collapse. Now one of the company’s dams burst earlier this morning flooding dozens of homes in southeastern Brazil, killing 11 people. BHP and Valley have been fined (a) 365-million dollars for the disaster in addition to the 90 million dollars they’ve already been ordered to pay. Emergency workers are trying to avoid another breach (that) will begin immediately and that could last up to 90 days.

US consumer prices have risen in October increasing speculation that the US Federal Reserve may raise rates in December. The US Consumer Price Index increased by 0.2% in October after two months of declines. Now this figures along with strong employment numbers that came up last month are signs of strong domestic strength in the US economy is growing and that is a sort of conformation that analysts say the US Federal Reserve is looking for in order to raise rates next months. Let’s go to the global markets now. Well, shares on Wall Street have given back some early gains following that bomb threat in Hannover of Germany. At the close, the Dow was up just under 0.1%. The Nasdaq finished flat. The S&P 500 fell 0.1% while in London, the FTSE finished 2% higher. Checking commodity prices for you now. West Tapis Crude is at 41 US dollars a barrel. Tapis Crude is at 43 US dollars a barrel. And gold is trading at 1069 US dollars an ounce. The Australian dollar is currently buying 71 US cents, 67 euro cents, and 47 pence sterling.