With an update on Hurricane Matthew. Mt. Last minute ago, we got an update that it is a major hurricane, the second of season, a category three, wind at 115 Miles Per Hour in the caribbean, moving west southwest. Its going to drift down, remain a category 3 hurricane before making the turn to the north on sunday. When it makes that turn to the north will be critical as to much impact the state of florida will. Have its expected to pass by jamaica as a category 3 monday morning, cross over cuba, through bahamas, weakening to a category 3. Its way off the coast but were keeping an eye on it. The Hurricane Hunters have been trying in on this storm. The strongest wind speeds, 113 they upgraded to a category 3 hurricane. Almost all the computer models, making that turn to the north, pushing it to the bahamas. A couple models get it close to the east coast of florida, which is one reason why were not taking our eye off this until we make sure it turns to the north. Weave been watching a coup
Persistent low inflation we have seen. Again, the number, 91. 2 better than had been estimated. So, what are we seeing of the stock market in the meantime, we had been seen a rally already. Nothing in the number to dissuade us from the rally, bouncing back from yesterdays deutschebank induced declines. We will get more on deutsche you in a few moments. All three major averages are trading higher. If you look at the recovery we have seen, you can see it in the futures overnight. Yesterday we had a slump in stocks. That slump continued until the Early Morning hours here, and then we have seen this turnaround in the u. S. Futures. Also, it is a relatively broad rally. Most of the groups in the s p 500 are higher with the exception of real estate. Energy leading the gains. Consumer staples, financials, telecoms a mixed bag of the types of groups higher. Financials bouncing back, but that we have defensive groups, cyclical groups a mix leaving the game. Energy shares are higher. Oil prices
Employees situation set up this gofundme page to help the family. It stands at 10,790. It reached the initial 10,000 goal overnight by less than 100 people in only seven hours. If you would like to help we have a link on our abc7news. Com. Now the wildfire burning in the santa cruz mountains. The aerial assault is seen here that has destroyed eight homes and nine other structures. One firefighter has been hurt. In los gatos dozens of people attended a meeting in loma prieta, some thankful, and some frustrated. The loma fire has burned 4,200 acres and now 34 contained. Cal fire said the Damage Assessment team has now identified homes in the burned area, 325 homes remain threatened. In hoboken, new jersey, rail service is suspended after a commuter train crashed into a station killing one person during rush hour. Stehpanie has more on the investigation. In hoboken, fire crews are on scene and police and ntsb investigators with so many questions how, why, this new Jersey Transit train sla
Few blocks from the uc berkeley campus. The fire chief here told me they will be here all night, they said, trying to make sure these flames stay doused. It started small and got very big very quickly with flames shooting through the roof of berkeleys First Congressional Church going to four alarms within a matter of minutes. When we arrived we found smoke showing from the exterior rooftop. Fire crews went inside to try to make an aggressive interior attack, and we discovered that the fire was running through the attic. Reporter firefighters first tried to combat the flames from the inside but had to make a quick exit when it was clear the roof was about to collapse. We just saw, you know, little flames, but i thought it was containable and they came and put it out real quick. Those flames quickly engulfed the roof and took the chimney out and spread quickly. Reporter once the roof went, all firefighters could do from then on was pour water on the gutted structure from the outside. A D
Eligible forey are reduced punishment from crimes. Global news 24 hours a day, powered by more than 2600 journalists in more than 120 countries. Im Mark Crumpton in new york. Bloomberg west is next. , and this isgiles bloomberg west. Coming up, our tech ipos roaring back . Down nutanixs firstday search. We will take a look at whether there is cause to be feeling bearish. And intel dips its toe into the wearables withs a pair of smart sunglasses developed by oakley. What people wear them . We will give them a try. But first to our lead. , sharesy of trading skyrocketed more than 130 , theng it the best debut of year. Tech ipos have been few and far between. Nutanix, new chantix filed to go public earlier this year. Alex barinka said down with the ceo. I was ready in january, but the oil prices havent. Happened. Riope, the is scale is there. People want to see open books, and being public is the way of doing that. Alex so you priced above the range you preached in the course of the roads