Florida. Even though it is still bad enough. Still bad see the reinsurers, worst performers last week, up 5 right now. Irma has been downgraded to a Tropical Storm now georgia and alabama are in its sights while the hurricane as bill mentioned buwasnt as bad as it could have been, the Economic Impact is real Jackie Deangelis having a look at impact on agriculture like sugar and oranges. We were talking about that last week. Well see what the impact may turn out to be. Plus 6 Million People wait for power to be restored, were going to talk to duke energys florida president about the efforts there. And the ceo of florida insurer, heritage, will talk about how his company is is assessing the damage as the cleanup begins lets start with the big rally in stocks, up more than 1 on the dow. The s p is in record territory joining our closing bell exchange, mark lehman from j p securities, steve grasso at post 9. Rick santelli at his perch at the cme in chicago steve, were calling it a relief r
Points s p backslid, nasdaq declined. Stock market is a market like any other market. When theres too much demand, stocks go higher when theres too much supply as in the last couple of hours of the day, stocks go lower today you can see supply and demand dynamics in action. Often forget thats what its about. Demand side of the equation. Right now all about tech, transports, huge demand for Semiconductor Stocks, gaming stocks, data center, ecommerce, social media and so far. Airlines, freight and railways where is the supply coming retail sector. Bordering on travesty. So much merchandise for sale in the retail aisle of the stock market theyre marking it down as if the whole store is closing. Sell sell sell sell sell sell sell sell sell sell sell sell sell. Its a total Liquidation Sale oils are headed down too this is another story weve seen before too much oil in inventory and no place to put more of it. Oil Companies Keep selling futures struck at 50 a barrel nothing has changed. Crud
Like none other. Down 7 in the premarket. Cisco going in the opposite direction. John chambers reaction in a moment. Expedia buying the rival orbitz. Both stocks are spiking higher. But first up shares of tesla down sharply after a quarter operating loss of revenues also missed. They say weather, shipping problems affecting deliveryiesdeliveries. Tesla ceo elon musk said hes optimistic business will improve in china. I have confidence that by the end of the year well be in really good shape in china. Im pretty optimistic about it. I dont think theres some sort of unique missing fissure there. Earnings revenue, margin expenses cap x, cash flow and then your comparison for them today is no good. Yeah. The 40th anniversary of the saturday night live and the Conference Call needs to be included in the spoof of how we do business on wall street. A favorite line and customers vacationing, only their customers vacationed and no one elses but the financial this is funny. Our financials are bet
Here on cspan, we bring you more live coverage of the state of the state live from michigan. Members of the house and senate gather for the state of the state from republican governor rick snyder, who was sworn into office three years ago. Just a reminder as we wait for his speech to begin, we will re air some of the state of the state speeches we have covered in the past couple of days. Night, beginning on c span two, among the speeches you will hear, colorado, idaho, and indiana. That all gets underway tomorrow night at 8 00 eastern. Tonight, waiting to hear from Governor Snyder live from lansing. F sergeant at arms. Mr. Government, the governor of the state of michigan, the honorable rick snyder, the first family and the lady weight entrance into the joint convention. Will these special committee please escort the governor to the rostrum. [applause] thank you. Thank you very much. Thank you very much, please be seated. Thank you. Thanks, folks. Please, be seated. Thank you. Members
Scary forecasts that so many people told us to beware of . Have the analysts changed their tune, or is the rough stuff still to happen . Archrivals, Goldman Sachs making a pretty bold call picking a favorite between gm and ford and then, of course, theres coke and pepsi. Where should you put your money . Were going to talk about that coming up. And mcdonalds is getting a brand new address, but wait until you see who is going to be behind the counter. Tyler is out today. Michelle is at the nyse, and well get downtown to her in just a couple of minutes but first the bull run in housing. Another big number today. This time its the home Builder Sentiment figure. This year kb homes is up 20 year to date. Ryland up 10 and d. R. Norton up 9 . Diana olick live in washington with more details on that. Hi, diana. Reporter yeah, sue, what about the rising Mortgage Rates . I guess the Home Builders dont care so much but skeptics tell me they will. The sentiment numbers first. Home Builder Sentimen