Crude down. It was up at one point this morning at 95 per barrel for west texas intermediate. A real rally for oil. Despite todays equity rally, september is shaping up to be the worst months of 2023 with one more trading day on the calendar. Abigail doolittle joins us to talk about this. September is historically not a great month for equities and this month is not an exception. Abigail september is the worst month of the year for the s p 500 for the last 30 years, down. 8 . We are down a lot more than that and we are off of the lows because of the rally. We are down 4. 3 . This makes for the worst month since december of last year. We were heading to the worst month since september. We are down two months in a row. The first time we have seen that this year. About a year ago was when this happened. It is not just the s p 500. We take a look at other equity indexes, we will see a lot of red on the screen and this does not even account for the full month because of the way the graphic
Has taken a long summer break. Were just a few days into fall now and any rain can help reduce the threat of wildfires as we head into the worst part of our fire season. We really look at it as a great opportunity to get the moisture into the vegetation a little bit to start that fall progression as we look out towards winter. I would say rain is always a welcome arrival for us. Storm is also helping quell the fires burning near the oregon border. Those fires caused our smoky skies, as you know, last week. And as we take a live look outside at San Francisco, its still dry here, but for how long . Lets bring in abc seven news meteorologist sanjay patel for a look at the forecast. Sandhya yeah, and dan and karina, this is beneficial rain that we are expecting. I want to show you live doppler seven right now because we did have some showers move through parts of lake and mendocino counties, just a short time ago. Those showers have not been heavy, but as we just heard from the fire crews,
Or 60 or 70 years ago. I mean, having running water, hot and cold running water, indoor plumbing, a television set, microwave and a computer, would have looked very, very good to my parents when they were young. Thats quite a long time ago. But relative poverty is a very deeply ingrained belief in american society, and i think in western society generally, and as long as there are people who are conspicuously more poor than most people, i think that the concern will continue to exist, even though an n absolute terms you could argue that it doesnt. The gentleman has had his hand up for a while there. Steven with basic income action, and i was pleased to hear you mention Charles Murray and the negative income income maintenance experiments from the 60s. Want to see if youre following the discourse about basic income in europe and canada and many other places where this idea of a guaranteed floor is gaining enormous support. There will be a referendum in switzerland in a couple of weeks.
Toni thank you. Breaking news on the investigation into the death of nypd officer randolph holder. Police now say that the gun found in the harlem river has been linked to the officers death. The gun was found early yesterday morning. Investigators say that ballistics testing has tied the weapon to suspect tyrone howard. Howard is accused of shooting officer holder in east harlem tuesday night. Meanwhile at officer holders precincts, psa5 in east harlem, mourners continue to pay memorial. Scene. Viewing services will begin firefighters rescued a woman whose car went through a fence and plunged 30 feet down yonkers. News copter 7 was over the scene there. Police say an elderly woman somehow lost control of her car, then plowed through a fence on a road above that pit. The car landed on its roof in there, in that construction pit. They say she suffered a head injury and was taken to the hospital for evaluation. No word on what caused her to lose control. New details on a fire that tore t
Judiciary committees are demanding the fbi investigate ties between President Trump and florida spa chain founder cindy ang. Shes facing allegations of Human Trafficking, foreign lobbying and possible Campaign Finance violations and democrats are questioning whether she tried to leverage her relationship with the president by selling access to chinese clients. Also tonight, an exclusive new cnn poll shows the president s Approval Rating ticking up to 42 as top aides are facing questions about mr. Trumps Mental Fitness and his reluctance to condemn White Supremacists after a jawdropping and scattershot weekend twitter storm. Ill talk about that and more with congressman of the oversight and Armed Services committee and correspondents, analysts and specialists are also standing by. First, lets go to our chief White House Correspondent costa. Jim, even by trumps standards this was truly an astonishing tweet storm by the president. Reporter it certainly was, wolf. The president s twitter f