And welcome to power lunch, the bears are out today. The dow and s p 500 having their biggest oneday slide since the beginning of july. The s p 500 in fact falling below its 50day moving average for the first time in a month. Wall streets socalled fear index, the vix soaring hitting the high in five weeks gold meantime, hitting a twomonth high retail to blame. Macys is down 9 . Kohls and dillards also getting whacked. Jc penney being taken down here, brian. We begin with your money and investments. North korea, of course, grabbing all the headlines, but the defense stocks are mostly lower today and apple is the biggest drag on the dow. So is all the saber rattling really to blame . Live in washington with the latest on north korea, bob though at the nyc, bob, let us start with you how much are you hearing is north korea, is valuation, or maybe just a normal, healthy august pullback . You know, id say 75 is concerns about north korea, but we do have some High Expectations on the earning
Hey, gerri. Hey, neil. I took a look at the results. Start with home depot. They were out with a solid Fourth Quarter beat. Eps, earnings per share up a dime over expectations 1. 44 versus 1. 34. The housing recovery has legs here. Alltime high for the stock as youve been seeing on our network. Lets talk about walmart. Here is company struggling with amazon as a competitor but they come in with a handy eps beat. Their earnings per share up a penny over expectations at 1. 30. Revenue fell short of expectations i should say. Here is what they are doing. They are putting all their money in ecommerce. They invested in five, excuse me, three Ecommerce Companies over five months. A lot of money going into online sales. It looks like it is paying off with traction against amazon. Tough ask yourself, hey, what would happen if the republicans border tax went through . What would happen to the results we see from retailers . It is not such a great story. If youre a retailer, buying a 10dollar ts
As where we were yesterday. Temperatures have been climbing in raleigh. 50 now. 49 fayetteville. 46 siler city. 43 roxborough. Roanoke rapids 41. We like to compare these temperatures to whatever yesterday and you can see what i was saying. Were 9 degrees warmer in raleigh. 12 degrees warmer. A 6 degree jump from yesterday. You will notice a mix of sun and clouds through the day and that is a change. 46 with fog a woman 95 corridor. 65 it lunchtime and warmer with a high of 73. It will be breeze today. Dry through the day and could see some showers tonight. Three weeks ago Hurricane Matthew hit our state leaving many communities with terrible flooding. One of them was princeville. That town was essentially underwater again for days. Many students have been out of class and that will change today. Princeville Elementary Students start backtoschool in a different building reporter good morning. Im sure they are ready to get backtoschool. 250 students 19 teachers are all being relocated t
Miles per hour. Were on the story and will continue to monitor the fire closely. Down load the app free. Today we learned an illegal camp fire started the 43,000 acre sobranes fire. Im not panicked but i know things can happen quickly. One person has died and the fire is now 18 contained. Abc7 news was in the Mission District as the strike team returned from monterey county. A 22 person crew has been trying to stop the spread of the flames. The crew was hiking up and down steep terrain. Its unusual and burning in deepseeded fuels. The crew says theyre welcomed by the community. Neighbors would greet them with snacks and coffee every day. An investigation is under way into an Early Morning bus crash in percent yesterday county. The bus crashed into a poll and nearly split the bus in half. The crash happened along 3 30 a. M. Today, we hooked into the bus company and safety records. Abc7 News Reporter Melanie Woodrow is here with that part of the story. The bus company is given a satisfac
Rapidly. Sky 7 is over the fire fight now. The fire started around 4 30 in yolo county. Were told an evacuation is underway of a camp ground located near monicello dam. There is no Evacuation Center set up yet. Lets take a look at the flames to the upper left side of the screen there. Weather reports, crucial. Lets touch base with sandhya patel. Yes, lets take a look at conditions near the fire line. Its really dry there. In the drought that is not a good situation. Warm as well, 86 degrees, humidity, 34 . The only good thing now is the wind is not terribly strong gusting to three miles per hour. That is why you saw the live picture of the smoke. The winds in the are gusty. Fairfield at 18 miles per hour. Were on the story and will continue to monitor the fire closely. Down load the app free. Today we learned an illegal camp fire started the 43,000 acre sobranes fire. Im not panicked but i know things can happen quickly. One person has died and the fire is now 18 contained. Abc7 news w