Million people have already been ordered to evook wait. Those who dont listen could see a storm surge anywhere from 4 to 9 feet in some places. Oh my gosh. Oh my gosh we should back away. I know. We were. And this is what a dangerous storm surge looks like. You can see fast moving water rushing past homes. Right now, more than 1 Million People are without power and there are thousands of National Guard members standing by all ready to direct hit and now Hurricane Matthew gradually weakens the danger is far from over. Barry burbank has the latest for us this morning. Good morning to you. Good morning kerry and everybody. The storm is going to make landfall in the United States. And its going to be in South Carolina. Its located now about 20 miles to the east of hilton head. They have had wind gusts from the idland island at 96 Miles Per Hour to hilton head hour. So its in that position moving off to the north northeast at 12 Miles Per Hour. And sending heavy rains from the savannah area
Was it the fed with so many voices calling for rate hikes . Was it the consumer or the earnings for some companies or the fact that oil seems to be unable to break . Every day we try to figure out what is ailing this market. This week i looked up the fabled july 15, 1979 crisis of confidence speech to see what jimmy carter said during a period where america was suffering from a collective malaise. And i quote, for the first time in our history in the history of our country, a majority of our people believe that the next five years will be worse than the past five years, carter told the nation. Again, quote, it is a crisis that strikes at the very heart and soul and spirit of our national will, end quote. Of course at the time we were suffering from gas lines caused by an opec embargo, and from wild inflation caused in part by a weaker dollar that eroded our savings. Now the price of oil is on tenter hooks after being cut in half and its the dollars strength thats hurting earnings. Ther
Every day we try to figure out what is ailing this market. This week i looked up the fabled july 15, 1979 crisis of confidence speech to see what jimmy carter said during a period where america was suffering from a collective malaise. And i quote, for the first time in our history in the history of our country, a majority of our people believe that the next five years will be worse than the past five years, carter told the nation. Again, quote, it is a crisis th and soul and spirit of our national will, end quote. Of course at the time we were suffering from gas lines caused by an opec embargo, and from wild inflation caused in part by a weaker dollar that eroded our savings. Now the price of oil is on tenter hooks after being cut in half and its the dollars strength thats hurting earnings. Theres some kind of aversion to owning stocks which i think is part of a genuine belief that the future will be worse than the past for many americans. Carter talked about a poisoned political envir
What is ailing this market. This week i looked up the fabled july 15, 1979 crisis of confidence speech to see what jimmy carter said during a period where america was suffering from a collective malaise. And i quote, for the first time in our history in the history of our country, a majority of our people believe that the next five years will be worse than the past five years, carter told the nation. Again, quote, it is a crisis that strikes at the very Heart National will, end quote. Of course at the time we were suffering from gas lines caused by an opec embargo, and from wild inflation caused in part by a weaker dollar that eroded our savings. Now the price of oil is on tenter hooks after being cut in half and its the dollars strength thats hurting earnings. Theres some kind of aversion to owning stocks which i think is part of a genuine belief that the future will be worse than the past for many americans. Carter talked about a poisoned political environment but the partisan rancor
Have we ever. There is a lot more coming up, though, here from carnegie melon. We have a couple of big interviews for you. Earlier i spoke with a major donor to the school, Hedge Fund Manager david tepper and asked him about the rumors he was in solar play sun edison yesterday. Here is what he had to say. People probably smoke a lot of marijuana out in your viewing audience and people on twitter because i dont understand where stuff comes from. I have never talked about stocks on this program. We havent had any big positions in my book for a year. I just was i mean, really truly there must be good gone cha coming into the country. We will have more on teppers comments. Was that a no . Well, but he said he hasnt had a big position in it. He seems pretty dismissive. The comments i think we have to let stand for themselves. By the way, cmu board member ray lane who is a Venture Capital giant Kliner Perkins is coming up in just a bit. Weve enjoyed your many interviews from carnegie melon t