Of restoring power to 6 Million People, getting gasoline back in these ports. Jim and david, going to be a big story in port tampa bay later on today, which handles 37 million tons of cargo a year a third of all cargo that comes in and out of florida, 5,000 acres, the largest port in the state, in physical size. Were going to talk to the president of port tampa bay, Paul Anderson later in thelogis airlines and fdr saying specialty retail, 10 of their coverage universe is affected by irma versus only 2 in harvey. One more indication how large the wind field was in this storm. Guys carl, thank you of course, carls down there all weekend monitoring the storm, and going to be fully part of the show as he always is. Right but bring us up to date on all the things he just mentioned, jim i guess in some ways a sigh of relief, strangely enough. Right, right. Could seemingly have been worse. Yeah. I mean seemingly could have been a lot worse. It is strange on the start of a week to see futures
Takeover targets coming up. Donald trump has bigname investors advising the campaign and now details if think oar putting their money where their mouth is. We have got the lawyer behind a controversial lawsuit accusing Morgan Stanley of mismanaging the employees 401 k plans and rippling through the industry. Hes going to join us after the bell. Be sure to stay tuned for that. Adding to the bearish sentiment is last weeks rig count showing u. S. Oil producers added rigs. Right. Ra raising concerns of supply online. Lets bring in ed war morris and halima kroft. You know, a lot of talk about how the latest move, whether its the 20 decline, the 20 bounce, 9 up in wti crude last week, has been mostly about investor positioning, is that the case or are we seeing real fundamental supply demand factors here . We have a position of basically a record high in short positions and expected a rally on the back of that and started the see i think the discussion of the opec freeze coming back into pl
14 million in cash. Stock is jumping on the news. Viacom saga is ending. Philippe dauman out as ceo and kobe bryant can add Venture Capital to his resume. He will join us later this hour. Futures in Oil Moving Lower with Interest Rates and Janet Yellens upcoming jackson hole speech on the minds of investors a long way between here and friday, jim, but enough to keep us busy. There is actually a lot of corporate earnings. We just did nothing that people that jumps out at people. I look at workday, pvs, incredibly strong, and i am concerned that we are going the undercurrent is going to be oil going down because you mentioned iraq and there really wasnt anything fundamental. I watched Oil Last Week and said, give me a break. I mean theres just the glut has increased, the rig count increased. Its up to near 50 in the oil spigot just turns. I think were kind of in no mans land. Remember, there are not a lot of players. Not a lot of players. Yeah. In terms of producers. Well, we also when w
Largest cash bid on record. We have both ceos joining us live in just a few moments. Our road map, return of volatility. What investors like carl icahn said how to navigate this market at yesterdays delivering alpha. Wells fargos ceo telling jim cramer he will not resign over abuse of account activations. Apples new operating system out and update getting mixed reviews. Also, tim cook out defending the new iphone 7. The stock saw a nice boost yesterday despite some big losses in most of the market. What will today bring . But first up, futures moving higher after three straight sessions of triple digit swings amid some falling oil prices, concerns about a potential fed rate hike despite tuesdays selloff apple was in fact the bright spot up 2. 4 for the best day since july. But then late yesterday at delivering alpha carl icahn offered that blunt assessment of this market environment. I think there are tremendous risks. But i think anyone thats going to tell you its going to go down tom
Since it first broke. We have live team coverage. We begin with richard reeve. Rich, the lockdown has been lifted, but still a surreal sce ne at the capital. Richard yes, the lockdown has been lifted, but there are plenty of police in the area. They have roped off areas directly in front of the u. S. Capitol. Neither the media nor anybody else is allowed in that area. There were a couple of tenths hours, just after 1 00 this afternoon. We have some video of the activity. One man was walking near one of the fountains on the west side of the u. S. Capitol. He pulled out a gun and shot himself. A witness said it sounded like a balloon popping. Nearby, near the mans body was a backpack and roller case. They were considered suspicious packages. Both the u. S. Capitol and the Visitor Center wore off balance as the bomb techs came in and inspected the packages. It was pretty much just clothing but the initial concern was the unidentified man pulled out the gun. The subject walking in a public