Ahead. Abigail, a sea of red right now. Day, sharpbearish declines for the dow, s p, 500, this selloff has been pretty sharp and swift today. We have the smallcap index down about 1 . The russell 2000 higher earlier today. Doing a bit of a bearish reversal as tensions with north korea escalate, as scarlet was mentioning, uncertainty around d. C. Lots for investors to contend with today. The major averages on pace with her worst day since the middle of august. No one point, the dow had been on pace for his worst day since the middle of may and that is true for the 10 year yield. The 10 year yield drops, that tells us even bonds are rallying, down nine aces and. Nine basis points. Point, the 10 year yield had its biggest drop since june of last year. Could affect the fed. Either way, this is affecting the Financial Markets and the fact that financials, that the worst to sector on the day. S p 500 Financial Sector down about 2 . These are bigger movers within that sector. Lots of red here
Power is now out to hundreds of thousands. Once the storm is over, the Power Company plans to unleash the largest number of workers in history to clean up. Nbc10 National Correspondent jay gray is live in naples. It approaches the keys and there will mover on to the coast. Violent winds and driving rain. Irmas assault begins hours before landfall. Hurricane irma is now impacting our state. Millions of floridians will see major hurricane impacts with deadly, deadly, deadly storm surge. And life threatening winds. 18 million or more could feel the effects of this massive storm. Winds gusting well over 100 Miles Per Hour. 12 inches of rain or more in some areas, and a storm surge that could reach 16 feet. This is a deadly major storm, and our state has never seen anything like it. More than 6 million residents were told to evacuate. The largest in u. S. History. Scary. I have never been through anything like this before. Tens of thousands moving into more than 300 shelters across the stat
A housetohouse search there for survivors begins this morning. And don champion is in tampa. Good morning, don. Reporter good morning, annemarie. As conditions start to improve in downtown tampa, reports of heavy wind damage poured in, and even as irma continues north, it promises to threaten lives and property. Irmas strong winds are still pounding florida. Even though the storm is slowly weakening, the National Hurricane center warns it is still lifethreatening with dangerous storm surge, powerful wind gusts, and torrential they had to evacuate 60 residents of this apartment complex after the roof blew off. It will begin housetohouse searches this morning looking for people who need help. Millions throughout the state are without power possibly for weeks. And were told more than 17,000 power line workers are here in the state. Some of them will start the process, the very slow and delicate process of restoring service. And, annemarie, just to give you some perspective of the far reac
Speak. There has been some looting. Miami was on lockdown overnight to try to prevent it. Nine arrests in Fort Lauderdale. Now, the millions who evacuated do not know at this time when they can go back and what theyre going back to. Irma is now a Tropical Storm, still lashing north florida and georgia. It hits atlanta in a couple of hours. So why are stocks going up . It looks like a tripledigit rally about a half hour from now. Well, there are several factors at play. Irma bad, yes, it is. But perhaps not the epic catastrophe that it might have been. And the money that is pouring into texas and florida may help the National Economy in the long run. President trump is getting favorable reviews for his handling of the crisis. That may help the push for tax cuts. And finally, north korea did not launch missiles as feared. Add it up, and on this the 16th anniversary of 9 11 americans have pulled together to deal with backtoback disasters. Yes, they have. Varney company is about the begin.
Here to weigh in. Welcome to risk reward im elizabeth macdonald. Stocks gain as irma and north korea fears ease a triple digit 259 point dali on the dow. Irma was bad for perhaps not the epic catastrophe it might have been. The death coal due to irma now at least 40 including the first stormrelated death in georgia as the Tropical Storm moves into that state. Historic flooding creating dangerous conditions for rescuers trying to help anyone stay behind. Almost twothirds of florida without electrical power nearly 7 Million People. Lets get to foxs peter doocey on the ground in Jacksonville Florida reporting from right smack in the middle of the flooding, peter doocey brings us the latest on irma. Peter . Reporter if you were not familiar with the jacksonville area you pull up to the street and think this is a place you back up a it pick up truck to launch a boat on to the st. John s river but the problem is the banks are about 500 feet away from where were standing a lot of that 500 fee