Can. Tomorrow galveston is supposed to get whacked inforecasts are wong that could impact the refining industry, which is already hurt. Most of the refineries are about three, four miles that way a bunch of them are shut down. An estimated, lets call it 15 of Refining Capacity offline we dont know exactly for sure, marathon petroleum, for example, was cagy, said we dont give updates. We drove by the refinery today there wasnt many cars around. Thats why were seeing oil drop because if youre not refining, youre not putting into oil. Theres another angle for you and the traders which i would talk about which is onshore. Houston is a humanitarian issue. Thats a whole bigger different issue. Lets focus just on the narrow issue of refining. We talked about oil here dont forget about the Eagle Ford Shale and inland. Its not getting headlines now because of whats happening in hust houston however, seaport security are hearing there are slowdowns in production or disruptions in production beca
This morning. The dow logging another record high as it marches toward 20k. Day one of that fed meetinging. President elect trump announcing exxon mobil chairman and Ceo Rex Tillerson as his pick for secretary of state. Plus, microsoft cofounder bill gates speaks out. Trumps policies on trade, relations with china, Interest Rates, and a lot more. But first up, the march towards 20,000 continues. The dow is on track to open trading at an alltime high one day after posting its 15th record closing high since the election. We also have the fed kicking off the twoday meeting, many expecting it to result in a rate hike tomorrow. Jim, i assume theres no doubt in your mind about that. No. And i think that the banks have to have it. We saw the banks waivever. This is not an all trump stock day. We got china, good numbers. Italy, major recapitalization. I think there was another time this market would be up huge just recognizing these italian banks are getting their act together. Im worried abou
Trading on wall street. John . Reporter President Trump News Conference was wild and wide ranging. He railed against his press coverage. Said military action might boost his popularity and insisted the rollout of his travel ban was perfect until a bad Court Decision stopped it. Overall donald trump said his white house is running like a finetuned machine pointing to behind the scenes progress on cutting taxes and replacing obamacare. So we begun preparing to repeal and replace obamacare and are deep in the midst of negotiations on a very historic tax reform to bring our jobs back, to bring our jobs back to this country big league. But the president also acknowledged the heat hes feeling from a series of controversies most notably investigations into interactions with russia that are among other things resulted in his firing his National Security adviser Michael Flynn this week. The president said he wasnt aware of any contacts between his campaign and russian intelligence but conceded
And consecutive upsets, trump greeted supporters. Hillary clinton had phoned him to concede the election. The republican sounded a conciliatory note and thanking clinton for her years of service. Im reaching out to you for that we can Work Together and unify our great country. During that victory speech, trump brought up National Committee chairman Reince Preibus to the stage thanking him for his service. The next president of the couple of hours ago. As most of wisconsin was sleeping. Hillary Clintons Campaign chair john podesta told supporters that Hillary Clinton would not be taking the stage. Clinton had called trump to hundreds of protesters marching in california, this is happening right now. In a stance against the next president of the United States. You can see them marching right now. The white house, theres protests going on there. California, the protesters started from the campus of university of california berkeley, the protest became moments after donald trump california
Morning is clear, warm and humid with lows near 70 and patchy fog. Today is mostly sunny, very warm and humid with highs in the mid to upper 80and just a little cooler along the lakefront. Tonight is clear, warm and very muggy with lows in the lower 70s with patchy fog. It will be ve dont dry quietincident free roads several overnight closures are reopeniong in the next 5 to happening right now. More delays on delta flights at Mitchell International airport this morning at least one flight to detroit this evening is already delayed. The airline saying about 90 flights will have problems again today. This all comes while delta is desperate to protect its reputation overnight the ceo put out a video message on twitter saying this is not who we are. The urgent push to convince customers to stick with delta comes after the airline stakes its repuon canceling flights. Before a system wide computer outage canceled more than 15hundred flights on monday delta had 100 days without canceling fli