Us why the sinkhole occurred but because there is a history of sinkholes on this property people feel it is just a matter of time before the next one opens up. The best thing they can do is keep running the plant. It wont help much if they stop. Dr. Brian burkey with Industrial Research institute, he hopes this crisis will start a discussion about what is next for the industry. It is a good conversation to have, fit. The world depends on fertilizer but try convincing people nearby it is worth it. Ryan raiche abc action news. Dep officials contradicting their own worker telling us in a statement they dont believe the stacks are a concern given the dep has rules in place mosaic releasing this statement saying in part our plants must approval by state and local authorities, anyone who questions the necessity of the phosphate industry must consider there is no substitute for phosphate to feed our nation. The state offering additional testing to people who live near the plant in mulberry. T
From the cme. Lori rothman on floor of new york stock exchange. Hello, lori, youre looking at the days biggest winners in the s p. Reporter biggest winners across the board guys. It was another recordsetting day. Look at stats. If it seems were reporting lifetime highs in the benchmark averages every day, well it is pretty close. For the dow the ninth record of 2016, the nasdaq the fifth record, i had to throw that out. The numbers are just staggering. Looking at s p yeartodate it is up 7 . Dow just about 7 gain for its part. Nasdaq up 5 . Driving the s p 500 today, micron technology. This is a chipmaker. Analysts are saying the Pricing Power climate is looking pretty good for micron. Shares are up better than 4 . Wynn, the operator of course the big casino, wynn resorts in macau, got approval for 4. 2 billion resort to commence operations on august 22nd. Also let me tell but the vix. Interesting trend, the vix, volatility index was down as stocks were soaring. But towards the close it
Lets deck market futures ahead of the opening bell, we are continuing the momentum, the s p adding one. Lauren in japan the nikkei up over 1 , the shanghai composite index in china up 1. 5 . Crude oil lifted energy stocks, right now oil giving back just a nickel. Retail stocks a bright star in the record stock market rally with two new report on the Retail Sector and from jcpenney. We will tell you what to expect. Nicole more goals for womens gymnastics and mens swimming and judo, golf and a lot more. We have those highlights. Lauren it is 5 01, friday, august 12th. Welcome to fbn a. M. , the latest breaking news and what is expected for the day ahead. Breaking news, Hillary Clinton and donald trump clashing over Economic Policy as they lay out different plans for the nations prosperity. Based on what we know for the Trump Campaign he wants america to work for him and his friends at the expense of everyone else. He has offered no credible plan. We talk about how we are going to fix the
Closing its mens store in San Franciscos union square. Ktvus amber lee is life in the city where amber, macys said it is in negotiations right now to try to optimize the value of the real estate. Reporter thats right, heather. Macys union square has been here since the 1940s. Later entered the mens store, the standalone large store across the street. Now macys plans to sell the mens store saying that the real estate is more valuable than the store. Macys Flagship Store is in the heart of union square. Its iconic presence draws locals and visitors. We were admiring the number of floors. Its a big store. Reporter big enough to absorb the mens store from across the street. The officials are in negotiation to sell the mens store. As it moves to close 100 stores and grow profits. They are caught between a rock and a hard place. The rock is internet commerce. The amazons of this world and the hard place is discount retailers. Reporter professor harley shaken says Closing Stores is only a sho
A triple digit loss yesterday. Digit loss yesterday but all over the place, wild swings based on what washington wasnt was not getting done and now is getting done. Connell or may get done. Tonight but now in a rally. Nicole petallides at Stock Exchange talking about what . Nicole talking about washington, john boehner, lawmakers getting closer, you start to see the markets take off in a positive way. The sectors have up arrows whether it is drugs or banks or technology, nasdaq composite up 1 , the dow up 3 so you are seeing a great run end news across the board. Bold is pulling back and the vix, the fear index is to the downside, nodding of nervousness. Shares of bank of america reporting Third Quarter profit. Better loan quality, up 120 of 13. 60. Connell the clock is ticking and news is breaking in washington. We heard from a senate aide in the last few minutes that a deal on the senate side is finalized. The Nick Peter Barnes has the latest on what happens in the house as well. Pet