By consumers, businesses and governments. Gross domestic product, the broadest measure of Economic Activity expanded at 3. 7 . Above expectations of 3. 2 . And that wasnt the only positive economic report. The job market also remains healthy. Claims for firsttime Unemployment Benefits fell by 6,000 last week to near historic lows and home buyer demand remains steady in july. As pending home sales, a forward looking gauge of u. S. Home sales rose half a percent. But these numbers stand in contrast to whats happening in other parts of the world. Where stock markets are falling and Global Growth may be slowing. No more is more evidence than in jackson hole, wyoming, where the federal reserves next move is very much in focus. Steve liesman is there. Reporter this grizzly bear stands at the entrance in jackson hole, a threatening reminder they may not be out of the woods when it comes to the dangers of raising interest rates. But one fed official is ready to stare down the bear. This weeks
By consumers, businesses and governments. Gross domestic product, the broadest measure of Economic Activity expanded at 3. 7 . Above expectations of 3. 2 . And that wasnt the only positive economic report. The job market also remains healthy. Claims for firsttime Unemployment Benefits fell by 6,000 last week to near historic lows and home buyer demand remains steady in july. As pending home sales, a forward looking gauge of u. S. Home sales rose half a percent. But these numbers stand in contrast to whats happening in other parts of the world. Where stock markets are falling and Global Growth may be slowing. No more is more evidence than in jackson hole, wyoming, where the federal reserves next move is very much in focus. Steve liesman is there. Reporter this grizzly bear stands at the entrance in jackson hole, a threatening reminder they may not be out of the woods when it comes to the dangers of raising interest rates. But one fed official is ready to stare down the bear. This weeks
By consumers, businesses and governments. Gross domestic product, the broadest measure of Economic Activity expanded at 3. 7 . Above expectations of 3. 2 . And that wasnt the only positive economic report. The job market also remains healthy. Claims for firsttime Unemployment Benefits fell by 6,000 last week to near historic lows and home buyer demand remains steady in july. As pending home sales, a forward looking gauge of u. S. Home sales rose half a percent. But these numbers stand in contrast to whats happening in other parts of the world. Where stock markets are falling and Global Growth may be slowing. No more is more evidence than in jackson hole, wyoming, where the federal reserves next move is very much in focus. Steve liesman is there. Reporter this grizzly bear stands at the entrance in jackson hole, a threatening reminder they may not be out of the woods when it comes to the dangers of raising interest rates. But one fed official is ready to stare down the bear. This weeks
Coverage of this storm we are in Bonita Springs and Jackie Deangelis out there and diana olick north in atlanta we want to start right now with carl good morning to you. Reporter good morning to you. As becky said, the storm is very much a force in northern florida, will be in georgia later. Were in southwest florida landfall was southwest of naples were on a bridge overlooking one of the waterways the good news if you can call it that, the estimates of storm surge, 10 to 15 feet, didnt really happen. You have all of these condos, hotels, gated communities that dont look that much different from the pictures that we shot here yesterday of course, im going to give that a big calf fee at given we dont know the fate of tampa and tampa bay. When this was considered to be a doomsday scenario in miami beach, the impact there was very real, when it was considered to be a direct hit, that was a high end real estate story. That picture remains true. A lot of these homes out here, mental heal mu
Both up this morning crude oil, it is still hanging in there right below that 50 mark, of course and theres brent crude as well. Lets get to the road map. It does start with that market coming off a record breaking rally. The question of course, will it continue and big changes at ge the new ceo making his mark on the company as a new investor joins the board. A nail in the could have infor tax reform a top gop senator warns that President Trump threatens world war iii. The markets looking to continue its record run with the dow and s p in the midst of a fourweek winning streak but Technology Closing on friday at the new record high. Bar beingiring a large selloffe trump dow rally ochb track to surpass the 23. 3 gain posted in the year following the election of George Herbert walker bush. One would imagine we will hear tweets or get tweets about that the minute it happens. It is a major accomplishment and were coming off another week where all three major averages closed up a percent a