Could spell more games ahead well tell you how to cash in. And alibaba is surging as amazon stalls out. One dog goes one way. The other dog goes the other way and this guy is saying, what do you want for me . We want to know which is the better buy the action begins right now. Lets get right to it. Car stocks have been on fire this week despite a mixed bag for august sales ford, General Motors both up 5 and avis is up a whopping 15 and hertz is up 22 . Is it too far too fast mike, what do you think . I think it is a little bit. Im not too sure maybe some optimism coming the fact of the matter is that the secular head winds for the rental Car Companies and for the maker auto manufacturers i think remains intact even now when stocks havent done well, the multiples tell you this i think they really do believe that we maybe hit the peak already. I always typically agree with mike and carter, theyre a lot smarter than i am. Ill say this. Look at Ford Motor Company over the last 3 1 2, 4 yea
Is a foot which is major change of pace from yesterday where neighbors say waters rose to three or 4 feet high, threatening, some cases damaging vehicles, property, homes, today, it is about clean up, trying to get back to normal not just here in jacksonville but throughout the entire state. Long line of evacuees inched south on u. S. One for first look at irmas destruction in the florida keys. Official as loud upper keys residents back today but they are keeping people out of the lower keys while they make emergency inspection and repairs. Unaudible. Reporter marathon residents who stayed behind are checking on neighbors a lot of them levittown, and, i have one here that was a boat. Reporter view shows island chain took a devastating hit from the category four storm, most of the area has no power, water, sewage or fuel. More than 400 miles away, jacksonville is trying to dry out, irma swamped the city with record flooding, more than 350 people had to be rescued. First responders just
Who have prior health issues, and, their, theyre still going to be covered, i dont take that away here. But im wondering if the pinch some of these hospitals are feeling doing with the possibility theyre going to bear a disproportionate share of those costs, maybe as they should. Im not here to judge. Stuart fair point, neil. Im sure if you ask a democrat you will figure out the answer on that one. Neil i like way you said that is a fair point. That is figure of speech. Neil. All right. That could be an interesting wrinkle here. It is sort of like the healthy, versus unhealthy, those with prior conditions, versus those without them, and if we have sort of like a medical hatfields and mccoys who goes where, who foots the bill . Blake burman at the white house crunching numbers. White house, to stuarts point, blake is saying well reverse what has been happening now, with a big question what happens to that sick pool of patients now, right . Reporter white house has made it clear, neil. T
Agreement. Nancy pelosi jumping to irans defense, claiming the rogue nation hasnt violate what president calls the worst deal of. Well try to get to the bottom of it. The president also taking aim today at one of the strangest components of obamacare, paying out billions of dollars to subsidies to Insurance Companies despite makings about of profits. Amazing. David the president says it is corporate welfare. He is ending it now but will courts let him . Fires rage in california as death toll continues to climb. A live update from napa valley as. Melissa blue chips closing higher for the fifth week in a row. Longest winning streak for three months. Go more to Nicole Petallides what is moving these markets. Happy friday to you. Happy friday, right back at you. Everybody loves a nice record close on friday with five weeks of gains. As you noted, look at dow up 34 points. Just now settling 22,872. Were so close. Were sitting right at that level at this second. Will it be a record . The dow
Cspan. Org. We will show you as much it as we can right now. Thank you very much. Later on this morning congressman Brian Higgins from buffalo, new york, is going to be offering an amendment that i think is going to test the theory that has been put forward by the head of the president s counsel of economic advisers who has promised that if their tax proposal passes as is, which as you can see today based upon the commentary of the republican leadership, it is likely to be changed from the time it moves out of this committee today or tomorrow. But congressman higgins is going to offer the following amendment which i believe can be scrutinized by the Census Bureau or the department of commerce t. Goes like this. The president s chairman. Board of chief economic advisers has said that he guarantees a 4,000 increase in the ability of wage growth for the average american. Recall that what they have defined the average american as American Family as being the following. Family of four at 59