Walk us through the day. Romaine two things. First, it started with all eyes on washington, waiting to get that almost 2 trillion stimulus package. Summoning some encouraging some some encouraging signals from leaders that this was being worked out. Then we could potentially get a vote today in the senate. Then, it would go to the house. We had the president about effectively reopening the economy by easterday in the u. S. , less than three weeks away. A lot of people took that as an encouraging sign that Economic Activity would at least start to normalize. We saw the s p rally big time. The dow jones had its best day going back to 1933. I know none of us are old enough to remember what was going on in 1933. On that date we had the big rally in the dow, that was just two days after we had that first fireside chat from fdr and he sort of put some optimism back into the economy about what the government was going to do. We are seeing sort of shades of that here where the market is sort o
In texas. Mark fema administrator brock long says the agency is focused harveysn the wake of Second Coming is on search and rescue. He gave an update today on the situation on the ground. More than 50that counties across texas had been impacted by the storm. He added that fema is ready to support efforts in louisiana, which he said still is not in the clear. After dumping a record amount of rain in houston, harvey has a landfall again, this time in leicester louisiana west in louisiana. At least 22 people have died in the storm and we expect that number to go higher. E than to any thousand the 200,000 people are in shelters. Meanwhile, 21 of the nations oil refining output is offline. Officials say it is too soon to know that the thousands of houston area homes can be rebuilt. Some homes have been flooded with as much a six feet of water. The counties flood Officials Say these homes could be flooded again after controlled water releases from two reservoirs. There has been plenty of dev
The tuesday trading day in the u. S. Julie hyman is here. We are in the green, at least. Julie more record, in fact. Even though we see relatively modest gains, it is enough to push to new highs. The s p 500 up for the sixth straight session. A lot of the again we have seen has been fueled by various earnings reports. Look at the bloomberg. Looking at the s p 500s performance, we see a 1. 7 gain. On the bottom, we see the number of companies that have reported. We are now more than three quarters of the way through in terms of companies that have reported. About three quarters have Beat Estimates in terms of earnings. Lets look at the Companies Reporting today, specifically within the travel industry. Here, we have oil caribbean on the upside. Thecruise line saying that 2018 itinerary is booking at higher rates and higher value, according to the cfo. Fourth quarter forecasts are below estimates, but its thirdquarter numbers beat. S pulling up other trip advisor and priceline reported n
And 8 billion read a mistake is just under 5 . Hes pushing for changes at the Company Including a possible sale. Up about 5 as a result of that news. Its crunch time on capitol hill for republican tax writers. Finaluse bill is in its day of mark ups. The ways and Means Committee has been debating and shaping the tax cuts and jobs act. We will be one step closer to cutting taxes for americans at every income level. David after election losses in new jersey and virginia the pressure is on for republicans. Lori davidson joins us. Let me ask you what we expect to see from the senate today. We have seen some headlines. How different are these pieces of legislation . Very different and they continue to be different both on the house and senate side. Trying tore still figure out what this is going to be. On the house side they are going to vote this thing out of committee and they are still putting all the pieces together. Has comeno paper that out yet. On the senate side they are looking at
Riley White left recently to start basic training in Fort Benning, Ga., for 10 weeks. After completing basic training, he will be assigned to duty for the next four years in the United States Army. His parents, Chad and Sheena White, and family, are so very proud of him.