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
Hurricanes season, but the commodity king says do not trust this bounce. First we start off with breaking news, and stocks closing at a record high, the dow soaring more than 250 points and just about 60 points shy of the record clout, and s p 500 closing at a fresh record. Investors breathing a sigh of relief as tension with his north korea ease, and the worst of the hurricane seems to have passed is it too lay to get in now . Is there anything you are selling here guy . I want to be consistent on this i thought we said the last couple weeks, mean that in my opinion i thought the market would continue to ratchet higher the market was down in a less than meaningful way. We had that conversation last week we talked about the dax, which i still think is the leading indicator needing to hold 12,000, with the exception of one day, it effectively did. A big day today. I dont say its the allclear, but i think the tra jector continuing to be to the up side. Financials being helped by the insu