Dow plunging and s p plummeting 2. 78 . And the nasdaq nosediving 4. 11 . Its tempting to try to learn something from the big bone crushers of the past so we can apply those bone crushers to the future two are alike but there can be similarities take the. C do. Com bust. The endless run from 1998 to march of 2000 followed by a rapid meltdown, what is happening here now, now that the nasdaq is 10 from size, im hearing about the buzz all day okay, the beat of 1998, the nasdaq stood at 1,585. 1,585. It roared to 5,100 by march of 2000 and plummeted to 3,155 by may. Fast forward to 19 year ago and a round trip to 1 ,585 it is your Worst Nightmare of course, there are horrendous sell offs. The 87 crash averages cut in half in a few hours time the financial crisis, dallas laid the waste from 14,000 to 6500 and the covid crash dow from 295 to 68 to above 18,000 march lows. Nasdaq sank. But its that rebound from the march lows thats drawing comparison to the. Com era the nasdaq surged 82 from
Meeting today. We are in brussels. The euro goes higher as the ecb forecasts are said to show more confidence on the economic outlook. For clues on extra stimulus at todays meeting. 6 00 a. M. In london. It is 7 00 a. M. In frankfurt. The two cities with the most amount of risk. Good morning to you. Normally, we talk about political crises. The irish version is what we have. Europe ripping up the rulebook and going for the playbook from johnson and cummings and prepared to take legal action against the u. K. It on seats the pound. Good morning. Annmarie i know you are on brexit watch. Im certainly waiting to see what we are going to hear from Christine Lagarde. Tos a very fine line she has walk. Does she want to exude confidence about the european recovery . At the same time make sure shes getting that support she thinks the economy needs . The challenge will be making sure she does not bid up investors for the price of the eurodollar. I want to take a look at whats going on in the mar
Switch to xfinity internet advantageous places as and get a flex 4k streaming device possible. Also, joe biden caps the with peacock premium included for no additional cost. First Virtual Democratic Convention with a pledge to be a president for all americans. As president i will make you a promise, i will protect america, defend us from every attack, seen and unseen, always, without exception, every time. More from the Democratic Convention in a few minutes, but first we begin with the bay area wildfires. Good evening everyone, im frank somerville. And hello everyone im Heather Holmes. Sadly we have late word tonight of several fatalities in these fires. Solano county, a man was found dead in the aftermath of the hennessy fire. The Solano County sheriff says the man lived on Pleasant Valley road in vacaville varied his name has not been released while his notified and cal fire says three people have died in napa county. So far no other information has been released. The massive lnu co
It. Of we have been watching what has been going on on the louisiana coast for the latest headlines on hurricane laura, that has preoccupied people. Here in europe, also waiting on the latest developments from jackson hole. Just as we see laura weakening to a category three hurricane, although we know they can still linger it still do damage. Tom 120 Miles Per Hour maximum wind, but the landfall of 160 was extraordinary. The shape of the storm has changed as well. With our first word news in new york, here is ritika gupta. Ritika good morning. It is one of the most powerful storms ever to hit louisiana. You were just discussing hurricane laura, it made landfall near cameron, louisiana with maximum winds of 150 Miles Per Hour, plus there is a threat of a catastrophic storm surge and flash flooding. There is concern that damage could leave areas and uninhabitable for months. It will also shut down a third of the regions Refining Capacity. Winds have died down but laura is still a categor
Across the country and serving about 35 of our landmass. Host could you name a couple of those companies to help us get familiar . Guest absolutely. We could go all the way to western south dakota by Mount Rushmore to visit golden west and we could go to citizens on the Mississippi River up in wisconsin where we got cooperatives and if you are in my state of virginia weve got scott county down in the very tip of the state serving the tristate area so ive got 850. Host when you talk about landmass you not talking landmass or population at all. Guest peter, you hit upon the key part of this. Its about 5 of the American Population but they are truly the providers in this extremely rural part of the country and everywhere from alaska down to the panhandle of florida so they stretched all across and it got everybody from someone who is got about 150 subscribers to probably my Largest Company has just about 100,000 subscribers. They are serving those areas with quite frankly the Bell Compani