With not see many rallies like this, certainly not many that are as broadbased at this. Last week, the s p 500 was down, but only by 0. 6 . The bounceback from Hurricane Irma was not as bad as feared. Declinearger than the going into it. Interesting phenomenon we are seeing. If you look at the daily change, this is the fourth time this year the index is up by at least 1 . If it holds by the closed, that is the copy yet. It could be a record lows for the index if theyll hold at these levels. This matches the number of 1 declines we have had this year. It has been relatively unusual we see a game like this. We got close a couple times, but have not reached that 1 threshold. Robbased rally. All the groups in the s p 500 are higher today. Financials are leading by the most as we see gains and insurance talks, which fell stocks, whichance fell going into the weekend. , technology, energy, all of these groups on the rise. Some of the companies that are exposed in florida and in the southeast
Im Brian Sullivan and power lunch begins right now. And welcome to power lunch. S p and nasdaq in danger of posting their first declines in eight sessions. Its not just amazon hitting new highs. Carnival trading at alltime high levels back to its ipo in 1987. Netflix and 3m also at record levels. Im becky quick. We begin with breaking news from the Federal Reserve and steve liesman, we meet again. Reporter brain ard with some very interesting comments saying the rate hike is likely appropriate to happen soon and reduction happening soon as well. It should be on autopilot. Its her comments on the issue of full employment and slowing inflation saying they are at odds. Slowing inflation could prompt her to rethink her view and her forecast for additional rate hikes. She said recent data has been lower than expected and theres little sign of page inflation heating up. Inflation numbers are moving away from her forecast. The trump tax cuts could equal 2 in the first few years but most of th
The dow is ending october with a whimper. Index, little change today, up 16 points now. Nike, the big drag, chevron, the only dow name up more than 1 . Thats despite a big move lower for oil, crude hitting session loew lows. We want to call your attention to brocade, that stock spiking on reports the company may be putting itself up for sale, digging in on this and bringing you more as it develops. Tyler. Welcome back. Im tyler mathisen. Welcome. Here is what else is happening at this hour. U. S. Consumers picking up their spending in september, due in part to Strong Demand for vehicles. Speaking of vehicles, fire crews investigating a blaze that broke out at fords World Headquarters in deerborn, michigan, earlier today. No one was injured, thankfully, there. Cleanup crews working feverishly now in central italy following sundays magnitude 6. 6 earthquake. Several quakes hitting italy in recent months. Justice Department Getting a warrant to review newly discovered emails related to Hi
Graves and their two kids, vacationers from elk horn, nebraska, walked along the lagoons edge last night. Lane, their 2yearold son, waded into water 1 foot deep around 9 00 p. M. An alligator then pounced. His father tried but failed to wrestle his son back to safety. And the gator and the boy disappeared into the water. In their search, divers helped by sonar found and killed five alligators. Mark mccue, an alligator expert says summer is their breeding and nesting season. These alligators can pop up almost anywhere in florida . Pop up almost anywhere. I am not real familiar with the situation, there are canals, pond. Lakes that interconnect through the disney property. Wouldnt be unusual for alligators to move from one body of water to the next. Gators are part of the landscape at Walt Disney World. We found signs inside the park, warning against feeding alligators. At the lagoon where lane graves was killed, signs say no swimming. No signs warn about alligators despite the fact that
2yearold at disney world. It is tragic. It is heartbreaking. I cannot come to grips what it must have like to be in that situation. Astonishing stories of survival from inside orlandos pulse nightclub. Its dark in there, and hes still shooting . You could hear the bullets drop. I even heard the clip fall on the floor. This morning, the fbi is trying to determine if the wife of the gunman had advanced knowledge of the attack. We have proposals from the Presumptive Republican narrator republican nominee to bar all muslims from entering america. Political correct not is deadly, and i watched president obama today, and he was more angry at me than he was at the shooter. What donald trump is saying is shameful. It is disrespectful to the people who were killed. Case of Workplace Violence in texas ended with a gunman fatally shot by police. Caught on camera, an immense explosion at a california plastic factory. A challenging and volatile fire. All that the first lady sat down for a summit ca