Welcome to power lunch the s p joining the dow in having its best day since march 1st. The three major averages now positive for the month all 11 s p sectors are trading higher right now health care, tech, trading above their record closes. Financial also a big winner today. The dow utility setting an alltime intraday high as melissa mentioned, irma, not as bad as it could have been the floridabased insurers and the reinsurers, they are soaring, up anywhere between 5 and 15 . Im Brian Sullivan out in San Francisco. Perhaps no stock important for the dow as much as apple tomorrow, apple, the first event at their brandnew billion dollar headquarters. Expected to launch not one, not two but perhaps three new phones with a price tag of upwards of 1,000 Analysts Expect this to be revolutionary. Not evolutionary the stock has becoen on a tear well get you details perhaps on apple watch, apple tv. Its all going to be about this device, the computer in your hand, ten years after the release of
Florida. Even though it is still bad enough. Still bad see the reinsurers, worst performers last week, up 5 right now. Irma has been downgraded to a Tropical Storm now georgia and alabama are in its sights while the hurricane as bill mentioned buwasnt as bad as it could have been, the Economic Impact is real Jackie Deangelis having a look at impact on agriculture like sugar and oranges. We were talking about that last week. Well see what the impact may turn out to be. Plus 6 Million People wait for power to be restored, were going to talk to duke energys florida president about the efforts there. And the ceo of florida insurer, heritage, will talk about how his company is is assessing the damage as the cleanup begins lets start with the big rally in stocks, up more than 1 on the dow. The s p is in record territory joining our closing bell exchange, mark lehman from j p securities, steve grasso at post 9. Rick santelli at his perch at the cme in chicago steve, were calling it a relief r
Hurricanes season, but the commodity king says do not trust this bounce. First we start off with breaking news, and stocks closing at a record high, the dow soaring more than 250 points and just about 60 points shy of the record clout, and s p 500 closing at a fresh record. Investors breathing a sigh of relief as tension with his north korea ease, and the worst of the hurricane seems to have passed is it too lay to get in now . Is there anything you are selling here guy . I want to be consistent on this i thought we said the last couple weeks, mean that in my opinion i thought the market would continue to ratchet higher the market was down in a less than meaningful way. We had that conversation last week we talked about the dax, which i still think is the leading indicator needing to hold 12,000, with the exception of one day, it effectively did. A big day today. I dont say its the allclear, but i think the tra jector continuing to be to the up side. Financials being helped by the insu
Pelosi and Chuck Schumer so, things are getting interesting. First to blake burman at the white house, whats going on, blake . The president met with the three Democratic Senators for dinner, the outreach continues on this day from President Trump as he will meet with the two top leaders currently in the Democratic Party. Chuck schumer on the senate side, nancy pelosi on the house side. They were invited by the president and issues theyll likely be talking about, the d. R. E. A. M. Act, obamacare and the fall spending guidelines. Dinner tonight. Before that, later this afternoon, the president will be having about 13 members of the house and the majority of the 13, eight of them are democrats. A theme we have seen from the president over the last 24 hours as he tries, and his Administration Try to get the numbers on their side as it relates to tax reform. Speaking of tax reform, big news from the republican side on this day as im told when the republican conference on the house side me
Is the uk car industry ready to go electric . I will look at what it could mean for us, and for our big carmakers. In sport adam peaty completes the double double at the World Aquatic Championships. He wins gold in the 50 metres breaststroke, and narrowly misses out on breaking his own world record. It is his second title in budapest. And carol has the weather. Good morning. Today is a day of sunshine and showers. Some of the showers will be heavy and thundery, and some of them will merge, giving longer spells of rain across North West Scotland. But it is also going to be pretty windy. I will have more details in 15 minutes. Good morning. First, our main story it is being described as a major step in developing a new Immigration Policy for britain, post brexit. The Home Secretary, amber rudd, is asking independent Migration Experts to analyse the role of eu nationals living and working in the uk. They will report back next september, six months before the uks deadline to leave the Euro