We are right next to it. A while what i just hit something it had a house neil inaudible, a massive tornado obliterating the town of greenfield, iowa, three people are dedicated devastating storms also touched down in illinois. And wisconsin purex over this year that has been about 27 percent more tornadoes across the country then its averaged. The rough weather apparently is not over yet. We got it is a gordon in a green field where they are Picking Up The Pieces and our meteorologist, potentially more nasty weather to come. Welcome everybody, im neil cavuto, is go over to greenfield, iowa with the latest. It hello, im standing on the outskirts of greenfield, iowa. Stated patrol limiting the number of people who can get into town for residents and people working on the cleanup efforts. From where we stand on the outskirts, you can see some of the damage behind me. Absolute devastation here in greenfield, iowa. Still unclear how many people were injured or how many people died here, th
Lawmakers at a house subcommittee hearing relocating the us embassy in israel. Committee unnecessary will come to order without objection will declare a recess at any time. In 1995 Congress Passed the Jerusalem Embassy relocation act which states that jerusalem is the capital of israel but to remain an undivided city that the American Embassy should be relocated from tel aviv to grossmont. Yet for more than 20 years us president had signed waivers forestalling the embassy move. To this day, 50 years after the liberation and reunification of jerusalem, the state of israel one of americas allies is the only nation in the world in which the American Government refuses to locate its embassy in the host nation chosen capital. The candidate for president , donald, promised to move the embassy to islam and he has reaffirmed their commitment since taking office. There are good reasons why the president will follow through with this commitment. For one thing us policy should recognize jerusalem
I want to welcome you to the subcommittee. I appreciate the commissioners appearing to offer their testimony today. And we appreciate that we have been able to hear from you in advance of this hearing. Beencc has not reauthorized since 1990 and its current appropriation is 430 million. It is charged with the administration of Communications Act. Reexamine the Core Functions and restore a culture of humility that was lacking under the regulatory class left by chairman wheeler. The fcc plays a vital role in our increasingly Technology Dependent society. The subcommittee has released a draft for consideration. I would be remiss by not discussing Net Neutrality. The commissions decision to classify the internet as a public utility was a power grab laced with the irony of suffocating the most innovative part of our economy with in 1930s era law. This gave new meaning to the term progressive. Reply comments to the commissions are due august 18. We hope you are keeping that wed whacker handy.
10month high. Mashlgts are chasing histories this morning. Dows within 79 points of an alltime intraday high, jim, looks like we might get it closer to the open than some thought. Its interesting. Its the makeup. The makeup is extraordinary. It is completely trumprelated. This expansion in the banks is not just because of regulation, but its also because of Interest Rates going higher but also because people feel loan growth is going to be better, people feel lower taxes. So that group is a leader. That group has been when that group leads, carl, thats a freight train. Its always been a freight train. One remembers the 9192 come out of recession led by the banks, led by bank of america, what you saw there was a juggernaut. And those who said, hey, that cant last. Well, theyre not in the business anymore. Everyones weighing in. Icahn with wapner yesterday. Donald trump this morning saying he sold all his gold. Hes long the dollar. Long materials, short u. S. Bonds, short italian bonds.
Unity and cooperation, underscoring another extraordinary day on wall street as the trump rally continues, the dow surging for a second straight day to record highs, up 1400 points, yes, 1400 points since 2 00 a. M. On election night. It was the financials leading the way, theyre up 9 just this week. The promise of less regulation, higher rate, the possibility for the next treasury secretary. Wells fargo is up 8 . Goldman surging 4 . It is bank nirvana. Is it too late to buy the hottest trump trait around . Guy adami . I thought it was too late two days ago. If its now another 4 or 5 , its clearly too late. I havent believed in a bank rally. I have believed in u. S. Bancorp. Banks are trading like its the 1980s again, like theres no regulation whatever. Theyre not going to take away regulation entirely. They may tweak a couple of things. To think theyre going to roll back everything i think is folly. People are playing catchup in a major way, steve can speak to that. Valuation will get