Coverage of this storm we are in Bonita Springs and Jackie Deangelis out there and diana olick north in atlanta we want to start right now with carl good morning to you. Reporter good morning to you. As becky said, the storm is very much a force in northern florida, will be in georgia later. Were in southwest florida landfall was southwest of naples were on a bridge overlooking one of the waterways the good news if you can call it that, the estimates of storm surge, 10 to 15 feet, didnt really happen. You have all of these condos, hotels, gated communities that dont look that much different from the pictures that we shot here yesterday of course, im going to give that a big calf fee at given we dont know the fate of tampa and tampa bay. When this was considered to be a doomsday scenario in miami beach, the impact there was very real, when it was considered to be a direct hit, that was a high end real estate story. That picture remains true. A lot of these homes out here, mental heal mu
Montana congressal candidate with ties to our area, gets a huge win. We will tell you what happened. All right. Good day everybody, we made it it is friday. Hi there, guys. How are you. Holiday weekend. Were excited about that but there is always a fly in the ointment. Hopefully we will get rain out of the way. We have traffic trouble. We will get to that in a second. We will start with the weather we will start with your forecast and look at those storms that came through last night. First to day will be a seven out of 10. That is better then yesterday. We had left over showers around and breezy out there as you can see, 60 degrees with 80 percent relative humidity. Sunrise time 5 38. Planning out your day there will be cloud cover but some sunshine break go through as well. Seventyfive or 76 degrease and breezy throughout the afternoon, and heres current radar, you can see, bulk of the low pressure system that came through yesterday moved up toward new england but we will get wrap ar
Permanent ceo. Glencore, stops are dropping. We are waiting on Sales Numbers from ford and gm. With he will bring them to you as they break. First up, futures on the rise as we enter the first trading day of the Fourth Quarter ahead of tomorrows key jobs number. Jobless claims up more than expected, up 10,000. That fourweek moving average did fall slightly as they look to move on from what was the worst quarter of stocks in four years. The biggest loser was the dow. At nearly 7. 6 drop. We know, guys, the s p didnt fair much better. Down, 6. 9. Nasdaq, down 7. 4. Everyone talking about october. It has been pointed out today, the past five octobers, only one has been down. The ones that have gone up have been to the tune of 4 , 11 , 3. 7 back in 2010. The classic thing is to say it is difficult to get upside leverage in the first half of october. If you look at what we have experienced since august, did we bring forward the pessimism . I thought jim reed at deutsche ya said, if you thin
Those new worries for the fed on the labor front. September nonfarm payrolls weaker, rising by 142,000 in august. Revised sharply lower to show 136,000 added. The rates stay steady at 5. 1. Average Hourly Earnings come in flat, but we were looking for something in the 0. 2 0. 3 range. Maybe the most biggest disappointment of the year so far. Coupled with the august revision lower. The 2015 average goes to 198,000 jobs created per month. Thats a sharp slowdown. Last year we were averaging 260,000 jobs. Its more than that. If you take the three month average, youre down 267. Which begs the question, whether we like it or not, where are we in the Business Cycle . Regardless of what fed is doing. The whole discussion as to whether rates this low and the fed Balance Sheet this big are able to stimulate the labor market like they think it does. Clearly there are diminishing returns here. The Market Reaction has not been good. Dow futures down 161 points. The treasury note yield slipped below
Commodities will join us. He sees a 40 rally in natural gas. Thats not great if you heat your home with it. He also expects a rally in oil. The northeast is bracing for a massive storm, folk. Could Hurricane Joaquin be another Superstorm Sandy . We certainly hope not but we are tracking it all for you. We begin with investors and theyre beginning the new quarter in the red. The latest disappointing manufacturing data from the ism is adding to the weakness. We have the dow down by 164 points. The s p 500 is currently down by 14 points. And the nasdaq off by 45. Were also watching very closely, folks, over the course of the next few hours yields on the 10year note because were sitting at 2. 032 . So close to dipping back to the 2 even mark, maybe even below it after that is m number. Bob pisani joins us from the floor of the Stock Exchange. Hey there, bob. Well, it started okay, mandy. We kind of gapped up in germany and in the u. S. Lets take a look at the s p 500. But that faded very,