Announcer this is a special edition of nightline, Hurricane Harvey state of emergency. And good evening. We have breaking news as we come on the air tonight for this special west coast edition. Hurricane harvey slightly downgraded but still extremely hazardous. Now a category 3 storm with winds of 115 miles an hour barreling through texas, collapsing buildings, plunging hundreds of thousands into darkness. The damage still unfolding tonight. We begin with matt gutman, though, whos been out in the punishing conditions throughout the night in Corpus Christi just 30 miles from where the hurricane came ashore. Matt, whats happening out there . Reporter hey, juju. This storm hasnt let up. What it has done is changed direction. The wind now coming from behind me, bearing ever more rain. The major concern right now is getting to the people who need help. But Power Outages are rampant throughout this part of texas. 120,000 people in and around Corpus Christi without power right now, and theres
Look ating to take a the big steam to begin our hour the big theme in markets, ever since trump got elected in that surprise win in the u. S. President ial elections, this is a chart of the twoweek local percentage change in global bond yield and you can the it down Something Like 2 over the past two weeks. That is the against change over the past 25 years, which is quite amazing. Again, this is all about inflation coming back into the market. This is about big bets on trump boosting infrastructure, and its about a rotation out of new orleans and into equities. We have seen amazing, amazing flows into equities. Have seen about 25 billion 25 billion flow into bonds, according to bank of americamerrill lynch. That is the biggest disparity between bonds and stocks on record. A Pretty Amazing disparity there. The s p downith about a quarter of a percent on friday. The egg story, of course, the dow jones, which closed at a november 15. It came off that high on friday. The nasdaq is also dow
You look at the gains here, the dow is up almost 7 since february 11th. The s p 500 up more than 8 in that same time frame and the nasdaq is up 10. 5 since february 11th. Do you sell into the rally . David joins us. You have a bullish tendency, but i think you believe that the upside is limited here. Yeah, absolutely limited. We talked about it last night in the show. Essentially this is a fearbased trade. People underpositioned on the long side that are fearing a lot of the meetings coming up over the next several weebks. A meeting in china kicks off today. Most importantly the ecb given draghis comments about potential additional stimulus, so i look at it and say under positioned, getting long, fear of it running away from them, but most importantly, there is a big fear, big fear about being short. So all these, you know, stocks and sectors that have underperformed have been completely negative, biased on sentiment trades, youre seeing that risk come off and seeing a tremendous amoun
With 1231, 576 for Bernie Sanders. So everything up for grabs tomorrow, including about 367 republican delegates. 792 democratic ones. Obviously florida and ohio are getting attention. You can understand why. The winner take all states. Ohio where the polls are just about even. And florida where marco rubio is in the fight of his life. Blake burman in miami with the very latest and now the Sunshine State is faring. Sir. Hi, neil, yeah, thats a good way to put it. Marco rubio is indeed fighting for his political future. It was in 2010 that he carried the state and his senate race with 50 of the vote and a threeperson race. Now it is a fourperson race and the numbers show that rubio is nowhere near there and not really even approaching donald trump in this winner take allstate. 99 delegates. The latest polling came out just a little while ago from university. Let me show you the numbers real quick. It has trump all the way up at 44 . Rubio trailing by 17 points at 27. There have been a s
The, this advance the most significant in months. This is after a wave of Russian Rocket targeted militants. Wasa train wreck preventable, this accident that resulted from a broken rail that should have been detected but was missed the train was carrying 3 million gallons of oil when it derailed in a snowstorm in february. 27 of the 109 cars derailed and eaked crude. E l and a magazine says that whofers brief people represent the Vice President earlier this week, along the topics, the primary calendar and deadlines. The dmc has held similar meetings with other 2016 president ial candidates. That is your first word news. Scarlet we will get a quick recap on how u. S. Market closed. Day for the major indexes, the s p 500 best week of the year and for the dow, the best week since february. News surprise that Energy Stocks had their best gain of the year, commodity stocks also did very well. Alix i want to talk about one of the biggest movers of the day , looking at my terminal 2 look at t