Up. All of it with Major Concerns over storm sturge, that could get as high as 15 feet some some areas. Power obviously, people losing power. A major concern. A number of people without power is increasing by the power. When we first came on the air at 6 00 east coast time. This morning, 200,000 people without power. That number is now over 1 million. Well probably continue to see it climb. Weve got a team of correspondents across florida, as Hurricane Irma hammers the area. Lets start with correspondent Miguel Almaguer in florida city. Miguel good morning again. Reporter the wind is still blinding out here, the and ten miles inland from the coastline, they say the storm sturge is is not going to be a major issue. But these winds here that continue to knock down power lines and knock out power to this entire city. Still, much of this region remains in the dark here. The winds are Strong Enough that First Responders now say they will not leave the station. They are hunkered down. Were a
With not see many rallies like this, certainly not many that are as broadbased at this. Last week, the s p 500 was down, but only by 0. 6 . The bounceback from Hurricane Irma was not as bad as feared. Declinearger than the going into it. Interesting phenomenon we are seeing. If you look at the daily change, this is the fourth time this year the index is up by at least 1 . If it holds by the closed, that is the copy yet. It could be a record lows for the index if theyll hold at these levels. This matches the number of 1 declines we have had this year. It has been relatively unusual we see a game like this. We got close a couple times, but have not reached that 1 threshold. Robbased rally. All the groups in the s p 500 are higher today. Financials are leading by the most as we see gains and insurance talks, which fell stocks, whichance fell going into the weekend. , technology, energy, all of these groups on the rise. Some of the companies that are exposed in florida and in the southeast
States has been taking a renewed interest. It is decision day at the south african high court. The ruling could decide the fate of the anc leadership race. Is 8 a. M. Across the emirates. 5 00 a. M. In london. Im yousef gamal eldin in dubai. Theet us take a look at Market Action here across the Asian Pacific where we can see yet fresh eyes again. Gmm is the function on your homework terminal. As you can see, equity indexes are they sickly in the green save for hong kong. A little bit more on that later. It really is about yen weakness against a stronger witness a stronger u. S. Dollar. The nikkei 225 climbing 1 higher. The broader index in japan is added to gains for three straight weight three straight days. The reason is wall street closing at a fresh record high. A lot of people were worried about Hurricane Irma coming onshore and doing a lot of damage. The damage was just a fraction of what the estimate was. But there are still a lot of people without power. The msci asianpacific r
Im michelle carusocabrera, heres whats happening right now. Stocks are trading near their session lows with the dow currently sitting down 99 points. Were going to have full market coverage coming your way. In the meantime, evacuations are under way in california as a Massive Wildfire tears through parts of los angeles county. We are live on the scene ahead. And, take a look live at the floor of the Wells Fargo Center in philadelphia, thats where the Democratic National Convention Kicks off today. Full coverage coming up in just a few minutes. Brian. Well, as you can tell, folks, from michelle and tyler theres a lot going on today including more on this incredible heat wave smacking much of the country. But we begin with apple. And a big call on that stock that is pushing apple shares to session lows, lets get right now to cnbcs josh lipton with more. Josh. Well, brian, thats right. Those apple bulls are getting tougher to find. The reason for the worry, the health of that iphone franc