And Savannah Guthrie. Live from studio 1a in Rockefeller Plaza. And good morning. Happy friday, everybody. Im Savannah Guthrie. And im carson daly along side al roker and Natalie Morales. Matt is on assignment. Welcome to today, or as carson calls it, escape from the orange room. Good to have you here. Im a loyalist. I sat with my friends in the orange room. We tried to add orange accents so you feel at home. I appreciate that. Our top story, the frightening accident at the North Carolina state fair. Chris is in raleigh this morning with the story. Chris, good morning to you. Reporter savannah, good morning to you. Authorities here on this investigation are saying they have few details stressing that its too early to say why, a vortex, a brandnew ride here at the North Carolina state fair, just as people were getting off the ride, suddenly jolted back to a start. It sounded like a bunch of stuff hitting medal. Reporter scary moments for riders on the vortex in North Carolina. Police sa
Its the first time in the history in 19 years of postseason baseball that a game ended. A lot of people dont know this. Mika got her start at a live sports bureau. Did she call you the night before about the obstruction play . What a weekend. Obstruction like the republicans. Somebody tweeted inside the heart, home run off a butt. What a series. Its great fun. Crazy. So were listening background, obviously, velvet underground, lou reed passed away. Good morning everyone. Its monday, october 28th. With us on set we have a chairman of deutsch incorporated. Are those warby parker. Started by a Young University of pennsylvania gentleman. They are totally for looks only. No use except that you decided you wanted to do the glasses today. You need glasses. Youre blind as a bat. Vanity glasses thats the word im looking for. Senior political reporter for politico, maggie is here. In washington, associated editor for the Washington Post, David Ignatius joins us this morning. Good morning. Hello
Business confidence there down for the first time in five months. Our roadmap begins with the nasdaq looking to turn around a second consecutive slide in biotechs, deterioration in what some of these momentum stocks we say. Cloud storage firm box planning to raise over 250 million in an ipo and list under the ticker box. Reports that manager knew of the gm ignition problems prior to the launch of the cobalt and withheld some vehicle data. First up the nasdaq hoping to rebound the morning after the selloff which saw the index closing at 5 1 2 week lows and biotechs took a hit and tesla and netflix. We talked about it yesterday, and wonder if this is a longerterm dynamic in terms of leadership. I think that gilead comeback yesterday was significant but a lot of the others didnt. You know, were going to be talking about box filing and i look at that offering and i say or drop box, too, i say, these are the kind of companies that are putting a lot of pressure on the rest of the companies.
Meanwhile, on capitol hill, the senate moves ahead to provide more sanctions on russia, but the measure could get hung up over proposed reforms to the International Monetary fund. Those changes are opposed by more republicans in the senate and the house. That is the one thats gone. The republicans continue to set up those that dont have that in it in the house. When you get to committee, i dont know exactly what happens, when you get to conference. Investors, meantime, are going to be keeping an eye on a new batch of Economic Data in the United States today. We get the s p caseshiller home prices for january out at 9 00 a. M. Eastern time. Economists are thinking well be seeing a 13. 5 year over year rise on home prices in the nations largest markets. But, again, there will be a key read that economists are watching. At 10 00 eastern time, we get consensus forecasts, calling for a 4. 9 drop in february new home sales. And at the same time, well be finding out how competent consumers ar
For the time being. Our road map with the markets under continuing pressure after logging their worst day in more than a month yesterday. Jc penney reporting a smaller than expected First Quarter loss and nordstrom reporting a better than expected firstquarter profit. The seafood lover darden selling red lobster to Golden Gate Capital for 2. 1 billion in cash. A whale tale, the money swimming into verizon. Well explain that later on. All right. Futures as you said, you saw relatively stable after the stock markets worst day in about five weeks. The dow posted the 167point drop. S p fell almost 1 and the nasdaq is now in the midst of a threesession losing streak. During our program yesterday you saw the tenyear note fall below 2. 5 for the First Time Since last october and the russell intraday hit that official correction territory, managed to claw its way out by the end of the day. A lot felt that bounce was significant. You know what, i think that dave tepper really this was a dave te