Risks to your money this week and in months ahead. The major averages under pressure still about 1 from all time highs which we have not seen since way back in july the dow is on track now to snap an eightday winning streak. Down about a half percent for the dow. Loss mitigated a bit power lunch starts right now from the would you say to wall street and oil hubs like houst houston, texas we have our reporters on hand to break down the impact. Lets start with eamon. Reporter were getting some headlines that are crossing the wires a about the iranian leader who is speaking in turkey right now. R the attack on Saudi Arabia Oils facility was assault on yemen. This is the president of iran suging that these attacks were carried out not by iran but by the yemeni people. They are exercising their legitimate right of defense. The attacks were a reciprocal response a new wrinkle there as iran has been blamed by some in the u. S. Administration for conducting these attacks. The president hasnt n
Also announcing a Share Buyback worth 300 million. Always lots of airlines pu ns. , in theof up and down bond market, this chart 6473, a constant worry for Market Participants when they look at the highyield corporate debt markets represented by the white line. We have seen a declined in the highyield Corporate Bond etfs. That has some worried whether this decline will spillover into equity markets. That does not seem to be the case when you look at the gap between highyield debt and 10 year treasuries. Range, has stayed within represented by the blue line, and that is reassurance or market watchers, seeing the highyield behaving like what we are seeing in treasuries, so not likely to be a catalyst if there was more market turmoil. We dont see contagion when it comes to the credit space. The price action after the fed minutes, we got more clarity, but towards the late part of the session, yields picking up on the 10 year, stocks tumbled, the dollar reversing come so it seems like there
Betty good morning, yvonne. Uber in the spotlight, that breaking news within the last hour. Lets focus on the auto market. I want to pull up a chart for our viewers, g btv 2623. The month ofr september, the best so far this year. You can see that right here. Just within the last few weeks. The yellow line represents the moment right before the hurricane that battered texas and the caribbean. Now, auto sales skyrocketing after that. I guess you could say there is a Silver Lining for investors with the hurricanes. That meant more people are going back in the market to buy cars to replace the ones they lost in the south. That could be up to 500,000 vehicles being purchased. Yvonne Hurricane Harvey really damaged more cars than any storm we have seen in history. The big question is, will this be a one off in the data when it comes to auto sales . Certainly giving fuel to japanese automakers as we look ahead to the japan open. A lot of news on uber. Reforms limits Travis Kalanicks power now
We feel we have let our fans down. That comes from the mouth of jim curtin, six points out of the playoff spot with ten to go. How about the breakdown on defense. Six defenders around him, union trail 10. They get it back 35th minute. Jack elliot buries it for his first creek soccer goal, tied at won at the half. We gave them two runs. Thats not us. Thats never us. Buckle down, a make a play. Little League World Series making a play, the team from jacksonville new jersey will i dont means port against michigan. Chris the first player to hit two homers in the same inning. They win by the mercy rule to stay alive. What does it feel like to drive 200 Miles Per Hour . Its a tricky triangle for a reason. Indy series qualifying today. Intern one, hits the wall. Hes okay. Sato is on the pol poll for tomorrows race. Thank goodness hes okay. Thank you, jeff. Much more to come on action news at 11 30. Stick around. Action news continues. Saturday night. Im walter perez. Heres whats happening at
Comedian, actor and humanitarian gone at age of 91 years old. Plus support is in south philadelphia why much of the neighborhood is standing behind former mayor and Police Commissioner frank rizzo, as vandals continue to target his controversial legacy. Good evening, im natasha brown. Thanks so much for joining us. Tonight there are new developments in the smoldering debate over a late mayor and statue and mural dedicated to him following vandalism incidents last week at both. There could be a showdown of sorts tomorrow afternoon at frank rizzo statue in Center City Philadelphia lets get out to joe holden live outside Municipal Services building in center city where this all may trans expire, joe. Natasha, Philadelphia Police have had a continued presence outside the frank rizzo statue, a security detail if you will, they have kept a presence in south philadelphia the site of his, mural there and the 900 block of south ninth street, now just today, the Business Community there is in so