News with norah odonnell, odonnell good evening, and thank you for joining us. We are going to begin with the rising death toll and utter sevastation caused by hurricane laura, which barreled across the louisiana and texas coastlines overnight, leaving entire towns under water, plowing over neighborhoods and killing at least six, including a 14year old girl. Along the coast, the destruction goes on for miles. From above you can see whats left of cameron, louisiana, where the storm came ashore, sending a storm surge more than 10 feet high over homes and businesses and tossing mobile homes and cars blocks from where they once t. Lauras 150mileperhour winds also ripped across much of the state overnight, leaving rooftops shredded and tearing homes from their foundations. Nearly a Million People are without power in the region tonight, and rescue crews are still working to make their way through some of the hardest hit areas. In west lake, louisiana, thick, toxic smoke is still billowing f
Facing another grilling from lawmakers about the safety of the 737 max. Risks facing the stock Halftime Report starts right now. All right. Good to have you with us on this wednesday from post 9. Our Investment Committee here. Lets begin with the markets the count down to the fed. Investors expecting a cut, but it is the what comes next that matters most of all. And for that we bring in Steve Liesman, who is at the fed today. Thats what everybody wants to know, right . Everybody knows a cut is coming. Its whats next. What i think will happen is powell and the committee will carve out flexibility to react more to the data i think the issue, the way that powell probably not going to put it this way, but simply to understand it is we may cut next time we may not cut next time but were definitely not going to cut were not definitely going to cut is a good way to think about it in other words, the market is building in automatic cuts from meeting to meeting and i think powell will want to b
Deutsche bank is said to be considering funding private equity firms to buy distressed loans. How will the u. S. Authorities react . Lets talk about the markets. Im going to do gmm first. A quick look at what is happening around the world. Japanese yen, big move. Trading 116. 01. We are seeing a weaker dollar. The bloomberg dollar index down 0. 6 . The danish krone is moving. The euro is up 0. 5 against the dollar. The dollar, despite fed fears, is actually going down. Take a look at the Commodity Markets as well. Theres a big china story. Zinc on the move today. You are also seeing copper on the move as well. Familiar to the beginning of last year. Lunar new year is coming up very shortly. The markets on the move. Heres the bloomberg first word news with juliette saly. Juliette thank you. Donald trump has picked a wall street insider to the his top regulator despite railing against the industry on the campaign trail. Clayton toinate jay head the sec. Clayton has represented Financial
His casket arrived here at the service. Just a sea of Law Enforcement uniforms here. Officers from all around the region have come to pay their respects. Take a live look inside the service which is under way right now. The loss of course being felt very keenly by officer rabains family. He was just 26 years old, starting his career and killed trying to make a traffic stop over the weekend. Now, we spoke to Sergeant Thomas boone, who has known rabain since he was in the police academy. He said learns of officer rabains death is a sergeants Worst Nightmare and he will be missed. A very nice guy. A guy who always wanted to be there. He nerve her a bad day. I never remember him being sad about anything. He felt he was living a dream, being a Police Officer. Reporter now officer Brennan Rabain as off duty in his Police Cruiser with his girlfriend when he spot add speeding car. He was attempting to pull that driver over when he lost control. The service is underway. Its expected to be a len
Mayor bill deblasio tweeting out were receiving reports of unsuccessful i. C. E. Actions in sunset park in harlem. New york city immigrants are connecting with others. Remember you have rights call 311 and say action nyc for help. Thats a pattern were going see. Were going to talk about this a lot. A lot of mayors, leadership in the country, protesters as well who are standing with the people who enter the county illegally saying this is what you can do to protect yourself against i. C. E. That are trying to enforce federal law. Were going to see this behavior. He tweeted a video and its really this guy thats been out for a few days now says listen, dont open your door, remain silent, record everything. You have a right to attorney. Basically advising. Now a lot of the mayors are becoming Legal Advisers to people who enter the country illegally. The focus is on 2,000 individuals today. But theres a new study from pugh. Approximately 10. 5 million illegal immigrant are in the country as