Devastation in central italy, entire towned destroyed by towned destroyed by a powerful earthquake. Survivors and First Responders now focusing on rescue efforts. The whole ceiling fell on my head. I only managed to put a pillow on my head, but i wasnt hit luckily. We need chain saws an jacks to remove beams. Everything. We need everything. Reporter centered on the city, the magnitude six quake is the deadliest since the 2009 earthquake that killed more than 300 people about 55 miles south. It leaves the Prime Minister visiting the region to assess the damage and help the rescue and recovery operation. Lets get to work because we can save lives and give hope to the territories so badly affected. Reporter but those operations have been hampered by dozens of aftershocks throughout the day bringing even more damage to towns where entire blocks of buildings simply crumbled to the ground. The locals now praying for miracles as they continue to dig out and search for their friends and neighb
10year note yield around 1. 6 and crude oil the story as oil prices down, as you see it right there. Maybe we get the fed moving before the end of the year, right as we come out of the jackson hole meeting. A look, though, at wti. Lets get to our road map this morning. On this late august monday. Mylan, the controversy continues. The Company Announcing a generic version of its epi pen. It is going to be enough to satisfy critics and congress . The herbalife Hedge Fund Drama man here we are, year three, four, five, ackman, icahn, going yet another round. On this battleground stock. Well have news from williams by the way responding to activist pressure and the proxy fight that is looming for the company. It nominates three new independent directors to its board. I will give you updates there in terms of what we can expect on that front. First, though, lets get to the broader markets. Economic data to consider this week includes fridays key job reports especially after yellens marks at j
Im peter newsham. I hope the community will see me for what i am and that is that im committed to this city. Newsham wants to be considered for the permanent job. Thats in our interview on news4 at 5 00. Chris and susan . He sounds like his own man. Can you tell us a little bit more about the issues hes going to face right off the bat . Well, daily Crime Fighting is the bread and butter of the Police Department. Theres been spikes in Violent Crimes here and there. He says hell be right on top of it. The other thing is theres about 250 officers short in the Police Department, even as the city is growing, even as there is crime and more places that need more officers and the Police Department needs more of them themselves. Tom sherwood, thank you. First at 4 00, a Police Shooting in the district that the police says happened as an attempted shooting in northeast and thats where we find news4s pat collins. Hey, pat. Reporter susan, this is where it came to an end, right across the street
High and oils worth watching on a cautious note. Best buy surging. Hows the turnaround plan looking now . Oil pulling back. Why goldman sees little upward price action for about a year. Toll brothers on the rise. What their report tells us about the housing market. But first up, the big surprise in best buys quarterly results. Up point 8. Guidance goes higher for the coming year. Its funny. A lot of people were expecting this would be a story about gaming, maybe weaker and cell phones maybe weaker. Guess what. They were weaker but appliances, which are on fire as we know from home depot last week, the appliance numbers extraordinary. Very high Single Digits and then something those of us who remember the old days, the housing days of best buy before the crisis, home theaters. People used to buy home theaters as part of the investment in the home. Its back home theaters very strong. Home theaters, appliances, but the end of it is wow. Theres a spend thats going on for the home that we w
Im brian sullivan. Heres what else is happening at this hour. We are keeping a close eye on tesla shares. Why . Because elon musk tweeting, the company will make some kind of a big announcement within the next couple of hours. Kwou will hear it the moment it happens. Plus, the president just arriving in baton rouge. He will be touring floodravaged neighborhoods and is expected to make a statement later on this hour. And oil jumping on speculation that iran may be willing to overlook its feud with saudi arabia and actually back a production freeze from opec. Crude oil now up more than 1 , michelle. Brian, i am michelle carusocabrera. Three hours left in the trading session. Stocks are pulling off their session highs at this hour. Dow was up 102 points earlier in the day, while the nasdaq managed to hit a new intraday high. S p 500 came close too, still all three major averages are still in the green, 14, 19, five points roughly. Lets get a pulse check from bob pisani on the floor of the