Welcome stocks are surging dow is up nearly 500 points. S p 500 climbing back towards record territory were just about 3 below record highs and the nasdaq jumping almost 2 of the session check out the retail rally Department Stores like macys nordstroming and lulu lem hn that stock is higher well have more on those moves later on weve got the angles of the big rally covered. Seema at the new york stock exchange, eamon javers at the white house where optimism spurred this rally and Steve Liesman on the year of the right cut. We start with seema. A triple digit rally for the dow as u. S. And china trade officials confirm a meeting frg october. The s p 500 is back above with a 1 gain. For the week, the dow is up about 1. 4 being led by banks and industrials. And if we dig into the financials, youll see the big banks like citi and goldman are up about 1 to 2 2. 6 for goldman industrials that initially sold off this week on fears that a meeting would not take place between the u. S. And tra
The way and has an update. This just in its 60 miles south of myrtle beach still a category 2, 110 mile per hour winds moving north northeast. Were looking at wind 55 miles an hour, upwards of 15 inches of rain. Tonight and friday morning rainfall 8 to 12 inches and moves towards new england where we could be looking at strong winds heavy rain and coastal flooding. Rainfall, anyer amounts of 10 inches and possible 5oneople without power. Lester . Kathy park is in charleston, South Carolina for us. What are the conditions there . Reporter lester were feeling the damaging blow from dorian, everything from intense wind to heavy rain. Flooding is a major concern in downtown charleston as well as power outages. You can see how rough the water is right now. Right now we are monitoring high tide. Were also bracing for the potential for even more coastal flooding. Officials are saying if you dont have to be outdoors stay indoors. Hunker in place. Conditions arent getting any better. Lester . W
Today is a timely hearing with children out of school. To see what needs to be done to keep them safe. Im interested in keeping them safe not only as a get on and off school buses but in keeping them safe in the streets as they go to school. It is true that school buses have a relatively safe safety record. It is also true that children are injured every day or every year in bus related crashes. More than, i believe, and most accidents, we owe it to our children, to these students to examine why these fatalities occur and what can be done to prevent them. There are school buses in my own district. Most take other modes of transportation, including walking, biking or riding in a car, going on public transportation. Children are often at greater risk outside the school bus than inside it. 264ave figures showing students who died in School Transportation related accidents in the last 10 years. 97 were struck by a vehicle while walking near the bus. We are going to hear today from what con
Ms. Norton todays hearing on School Bus Safety is a timely hearing with children out of to see what needs to be done to keep them safe. I am interested in keeping them safe not only on school buses and as they get on and off school buses, but i am interested in keeping them safe in the streets as they go to school. It is true that school buses have a relatively set safety record. It is also true that children or everyed every day crashes. Us related more than i believe in most accidents, we owe it to our children, the students, to examine why these fatalities done tond what can be prevent them. There are some School Districts, school buses in my own district, modes oftake other transportation including biking, car, goingding in a on public transportation. Children are often at greater risk outside a school bus than inside it. We have figures showing 260 four students have died in School Transportationrelated accidents in the last 10 years. 97 were struck by a vehicle. Hile walking near
Little love for libra. And how amazon plans to take on its new highend echo speaker. We begin with that fresh facebook news. The ftc has approved a privacy settlement with the social media giant, fining facebook about 5 billion. This marks the most significant axiom yet against facebook over a series and send the company reeling from one crisis to another. I want to bring in kurt waggoner, who covers facebook for us. He joins us on the phone. In washington we have naomi, who covers corporate influence. We know about the amount of the fine, tell us more about any other Additional Details that will be coming along in the settlement . That is the key. Facebook had said i believed it was in april they set aside 3 billion for this very purpose and the fine could be up to 5 billion. This was something the company was prepared to handle. They also made 56 billion in revenue. The additional will be the details on whether or not any agreement includes something that could limit the Data Collect