Gather in a prequel to the big first debate. Major issues were on the table but they mostly focused on the democrats. 13,000 people have evacuated their homes in california because of wildfires. Twenty fires are burning in the state, many in Northern California. It is still early in the summer fire season, but firefighters say what they are seeing is unprecedented. Jacob ward explains. Just over the riming, you can see behind me, it is literally hell on earth. The firefighters be deal with not just the local challenges of terrain and local climate theyre fighting against global forces. The western states of the u. S. Are on fire. Northern california is the latest casualty. We just passed a checkpoint where residents are no longer able to go. We are driving into a 60,000acre blaze that is defying all traditional expectations firefighters would have about a wildfire in Northern California at this time of year. The rocky fire should have peaked after two days, but at that point the firefi
Three indices. The dow, as i mentioned, above the 22,000 mark, higher by 53 points s p up by a quarter of a percent. Financials, the leading sector of the day no surprise given the steepening were seeing of the yield curve and the nasdaq continues its leadership, higher by nine points where do we stand here how do you interpret the jobs report and mix this all together as we enter the final four months of the year i hope its say when im saying im not putting too much importance on todays job report cut his mike. Cut his micro. Steve, get out of here the hook comes outside. Look, we know theres a seasonal issue in august. Look, it was a tepid report. You didnt have the wage growth that you wanted to see but you didnt have sympathetic awful like a decline in jobs or a decline in wage growth you did see the workweek go down i dont like that. Look, put this all together, it puts winds in the sail that maybe you dont actually get that one federate hike this year steve, you can take it from
Tuesday. If the phone is not already ringing by now were awaiting the final number for august auto sales, the automakers and dealerships are dealing, of course, with the fallout from Hurricane Harvey, and well bring those numbers to you as soon as we get them phil lebeau will be stepping in with that. Also some new areas in the stormridden areas Chemical Plant explosions and also smoke inhalation. Well talk to two chemical engineers about the Companies Running these plants, if they are doing enough coming up, but we start with White House National Economic Council director gary cohn joining us on squawk on the street earlier today. We discussed why he doesnt think the white house tax reform plan will ultimately mean tax cuts for the wealthy we can simplify and fet rid of a lot of deductions those deductions actually affect the high bracket players so when you actually simplify the tax returns, youre actually affecting the high taxpayers the most as you simplify the tax system, you actu
Gartman here to explain why one group of stocks are still rallying. But first we start off with the record highs and propelled by biotech up 8 more than double the gains in the health tech sector. That all as president elect trump is pushing for a quick repeal of obamacare and republicans in the senate and house maneuver to make it a reality. So what is behind this move . Is it too late to get in . No, i dont think it is. What is behind the move . What is behind the move is the fact that you havent heard politicians now effectively talkingabout biotech talk about it the last month. It hasnt been steadfast on everybodys radar screen. So thousand people are lonow pe valuation and maybe the companies are not left to dead. Ibb we talk about all the time. Look at all through 2016, how many times did to try to get through 250 on the down side . Probably four, five, failed to come so each time. Now its above the 280 level that weve talked about for the last year and a half. And i do think bar
Good morning. Ll. Welcome to our online viewers as well. And Oregon International Economic Policy and m. Delighted to welcome you. This is part of a series that we do in this generously supported videby alcoa foundation. We do a lot of things and it would be topical so we have a dream team up here after that but let me first make some announcements in the case of some sort of security event with the stairs down to the alley. And to number 2b will do a break and there will be coffee and restrooms. And finally if you have any fonds or noisemaker put them on silent we would appreciate that. I have been watching trade for decades there have been heated debates. But i dont think because ever been like this. Item remember a time it was this much controversy around the topic of trade and trade policy. There are some underlying trends that our worrisomeowing o with said gdp. Grown fa with the protectionism and then to have the global trade negotiations. With the multilateral negotiations with