Sandy. When we all opened our eyes this morning after experiencing firsthand the unrelenting power of last nights recordbreaking hurricane, the more than light revealed unimaginable destruction in sandys wake. Make no mistake about it. This was a devastating storm, maybe the worst that we have ever experienced. The level of devastation at the jersey shore is unthinkable. The death toll tonight, at least 30 people have died across eight states. Nearly 8 Million People in the northeast and the mid atlantic are without power tonight, and the estimated costs of the storm, and its only fair to say, this is only preliminary, given that the destruction is still being evaluated. Right now were already looking at as much as 20 billion, and that is only for lost business and Property Damage. The destruction is not over, because look at this picture. This is new jersey. Floodwaters have turned neighborhoods into islands there. For many people, the only way out is by boat. Of course, there has bee
Congress. Will we get details on how the president plans to tackle our biggest economic issue, tax reform . Obamacare . Spending . Infrastructure . Of course, the military. Whats the plan to do that without ballooning the deficit further. Fair and balanced, republican congressman Michael Burgess of texas, a member of the doctors caucus, along with John Garamendi from california, yes, a democrat who attended the inauguration. Both will stand together sidebyside live to talk about their respective sides and whether they can Work Together for we, the people. All of congress may be in for a shock on this. Is the next financial crisis taking us right in the face . Could the sickening student debt bubble burst and ruin all of your investments . A fox business exclusive, former fdic chair sheila bair with us live how close we are to real danger. Shooting for lucky 13, right now the dow is down 27, that could mean nothing at all by the time this hour ends. Will we see another last minute turna
It. And it ties in the record for the fastest 1,000point move in history. You have to go back to the. Com payday effort. In that same amount of time. And then he wrestled some real detail on tax reform for the treasury secretary. And thats when they went to session highs and thats where we are up even higher than that. Its not just the dow. They are all hitting new records. Weve a jampacked lineup of traders and market experts who are jumping in on whether we will see a continuation of this. Now as it hit jobs in tax cuts Infrastructure Spending which one of these is the magic bullet to spur growth the most. George allen with a slide. They will pick the exact moment they feel we will have that. The 1 trillion in dollar in the Structure Plan. It has the ceo thrilled. Hes here in the foxbusiness exclusive. The orders that are coming in. Huge ratings for foxbusiness. The disbelief over j. P. Morgan and trumps tax plan. It is his life from the floor of the New York Stock Exchange on a hist
Seems less palpable than others may grasp. These words may always be on the tip of your tung if youre investing on days like today. Nasdaq declined. 37 . They help you avoid the real pitfalls all investors face. The late great mark haynes said. Eight years ago this week. I love that call. I hoped you did too. It was based on haynes recognizing the risk reregard had gotten out of wlak. We had seen a kre sen doe that was way too loud and way too yun formed. Remember, this was 2009 when the dow was around 6,600. It is one of the best if not the best in history. To give you some context at that time i had been negative on stocks all the way down at one point telling people if you needed money in the next five years you should pull it out of the market. Here is haynes down from when i said that. As fearful as you might have been the big decline had become too unsustainable. It wasnt time to sell anymore. It was time to buy. Buy buy buy. I will step out on a limb here. I dont think we are at
Tonight, Hillary Clinton officially accepts her partys nomination, and just minutes from now, were going to speak with one of wall streets biggest backers of the clinton campai campaign, mark lazri. Thats katy perry doing a sound check. Shes wearing a black baseball cap that says hrc for Hillary Rodham clinton. Im assuming you can hear her roar. Right now, in fact. Welcome to the busiest earnings day of the quarter. The dow is down, but apple continuing its solid run. Your big dow laggard right now happens to be boeing, down about 2 . Lets get downtown, and our own bob pisani with a scorecard on earnings season as we officially reach the halfway mark. Bob, how are we doing . The numbers are slowly improving, but still negative. Lets look at the Second Quarter scorecard. The s p 500 as a whole, these are Companies Reporting as well as companies that havent yet reported, what we call the blended earnings rate, down 2. 8 . Thats not good. Its still negative, but its better than it was a f