Like this when a crisis hits, when our fellow citizens cry out in need, none of that matters. We are not talking about politics now. We have to get together and get this solved. We need a lot of help. We look out for one another and we pulled together and we pitch in and we persevere and we pull it through. That is the american spirit. That is what made america originally great and that is why today i have come to valdosta with large semi trucks, many of them, filled with Relief Aid and a Tanker Truck full of gasoline. We have a couple of the big Tanker Trucks filled with gasoline which they cant get now. We will be working to distributed throughout the day. I want to thank Franklin Graham and everyone. You people are fantastic. And people appreciate you very much. [applause] for the incredible Partnering And Work thAt They have done not only here but all the time. They seem to be the first ones at areas that need help. A short time ago i received a briefing on the situation here and v
Norah israel warns of an imminent Ground Invasion in lebanon. As the United States sends thousands more troops to the Middle East. We ultimately want to see a diplomatic resolution to this conflict. Norah with One Day until the Cbs News Vice president ial debate, how the candidates are preparing to face off. Looking forward to tomorrow. Norah the Cbs Evening news starts now. Good evening, and thank you for joining us from the Cbs News Debate stage. This is where Vice President ial candidates j. D. Vance and Tim Walz will meet in their only debate before the election. We will have much more on that in a moment. We want to begin with the Human Tragedy caused by hurricane helene. More than 120 people are dead across six states. 600 are still missing. And today the president s Presis Homeland Security advisor said toll could climb dramatically. But the full scope of the 600mile Disaster is still not clear. Helene crashed into florida as a category 4 hurricane with Storm Surge above 15 feet
Donald trump blocked overtime benefits for millions of workers. [ Crowd Booing ] he opposed efforts to raise the minimum wage. As the president said, he appointed Union Busters to the national labor relations board. [ Crowd Booing ] and, dont forget, he supposed socalled right to work laws. I remember a time when republicans talked about things like freedom, they meant it. They would never turn their back on our allies. But thats not these guys. Trump and vance, when they talk about freedom, means government should have the freedom to invade every corner of our life. They talk about small government, small enough to be in your bedroom. Small enough to be in your exam room. Small enough to be in your library, telling you the things you should make decisions about. The Harriswalz Campaign spent the Labor Day Holiday speaking to Union Workers in Battleground States. Meanwhile, Donald Trump and Jd Vance took The Day off from the Campaign Trail. We are now just a little over two months away
In europe. European stocks hitting a 20 bounce up from the bear market in 2020. A little bit of selling on the bond market as growth questions continue and Oil Takes Another leg lower. Lets get right to the bank numbers. Jp morgan shares up by about 2 . They reported blowout fixed income and trading revenue. With us now is Alison Williams is sonali basak. Sonali provisions for loan losses are really skyrocketing here, more than 8 billion expected. A lot of it is coming from the consumer business, where those provisions are more than 5 billion. On the other end of the loan but, we are expecting lower Net Interest Income this year. Also, as one would expect with lower interest rates, that would come into about 55 billion, lower than the 57 billion dollars initially estimated. On the bright side, we saw Net Interest Income for the quarter come in pretty healthy, and fixed income revenue beat by almost 1 billion. Trading was able to hold up. The question is, wasnt able to hold up well in a
The volatility continues to come down. 40 whenearly breaking it comes to the vstoxx. Monitor what is happening around the world. We are headed toward the european close. It looks more positive than it did earlier under the big story continues to be the efforts being made by governments to reopen markets, the effort being made by governments around the world to support Small Businesses and the everett for central bank to support the credit market. Lets get more insight into the bond and credit space. The fed and other Central Banks continue to make significant efforts. The fed is buying commercial paper today. Nice to have you on the show. We are in a situation where Central Banks are buying aggressively. Spacere buying in the bbb and the highyield space. What you make of price discovery right now . How realistic are these markets . Its a good question. You have had a huge bid to the market in the investment credit space and that has extended down the capital structure into highyield bo