Now becky quick. We begin with lobster the delicacy is in high demand worldwide, especially in china but like most food exports, the u. S. china tariff war is squeezing the lobster business like a lemon our Contessa Brewer found maines lobster dealers are feeling the pinch. Its this weeks cover story reporter stephanies space is small but the Lobster Company does big business in lobster. I primarily export lobster. Reporter and when the Maine Lobster industry worked to open up china markets, stephanie was right there. Investing, expanding, ramping up to meet the newly voracious appetite for u. S. Lobster. We were doing about half of our business with china. And this place wouldve been rocking and rolling. We had basically 24hour operations reporter but since last summer, stephanies sales have plummeted by half. Shes cut hours and workers. The impact of a trade war and china slapping tariffs on american lobster july 6th, 2018, it all came to a screeching halt and we didnt really sell an
Trade tensions recession concerns Interest Rate worries and nowolitical drama. Despite it all, stocks stayed steady. Lets run through the numbers. Today on the last day of the quarter, the Dow Jones Rose 96 points to 26,916. The nasdaq added 59 5 the s p 500 was up 14. For the month, all of the major averages were higher. And for the quarter, the tow and the s p were up, but the nasdaq dipped slightly. Now comes october, a month that historically is volatile. And the next big hurdle earngs. For the Third Quarter officially out of the way, the markets are still on track to end the year strong. Investors are going to be fixated on the next big catalyst and that is earnings. This next great earning recession fear that dominated the First Quarter and the fear that companies would lower earnings expectations in the second half of the year because of the tariffs and trade wars none of this has ever come to pass. Earnings have heldel steady and remain roughly flattish for the second quarter,
Future now becky quick. Criminals are hacking their way in andrea day has more. Its brazen its in broad daylight in front of hundreds of people. Take a close look at this atm attack caught on camera. The images obtained by the secret service and according to the agency the guys you see in uniforms are criminals grabbing loads of cash. What left this seasoned investigator stunned how normal it is and how common it was. We know for a fact that atm crime and fraud does cost the Banking Industry and Service Industry millions of dollars a year no one really wants to talk about that theyd rather not have them think their atms arent safe recent attacks cost banks more than 3. 5 million in a few months but theyre the beginning of a new wave heating up overseas. Its just a matter of time. He says the secret service has been investigating Training Camps located outside of the United States with kingpins organizing new recruits. Are you saying theyre bringing them in and training them and then le
Our nations capitol. Trade has been a looming source of uncertainty and this week a cloudy political outlook was thrown into the mix. Today the two combid. Ocks lifted lower after release of ae o whistleblower complaint that sparked impeachment inquiry against President Trump. Then came a report that the u. Unlikely to extend a temporary waiver that allows u. S. O Companies Sell supplies to the chinese tseom gnt huawei. By the close, the doungs industrial average fl 79 points to 891. The nasdaq was down 41. And the s p 500 slipped seven. Trars did snd muchraf the day watching the developments on capitol hill. The acting director of National Intelligence testified about that whistleblower complaint that alleges President Trump abused the power his office. Ylan mui has our story o from washington. It was another dramatic day inas washington. The acting director of National Intelligence testified before lawmakers amid dramatic new allegations surrounding President Trumps phone call to wit
Seem like the mket is one step forward and two steps back. There have been bouts of volatility and head scratching moves. Stocks have been on alownd steady climb higher. Today the gains were capped because lfgering concerns about the global economy. The dow and the s p 500 remain just 1 1 2 away from their records. Th Dow Jones Industrial average was 14 points to 26,949. The nasdaq fell five and the s p 500 was flat. Mike santolli takes ali look at whether this market calm will give rise to something else. Steadiness has been the rule on wall street. The s p 5 remains within 2 off its record high. On going trade friction and the fed meeting that was meant to arify paths forward. Marketsre typically seen as well supported by iestors looking ahead to improve fundamental developments. The rally has been broad with investors apparently happyt t the u. S. Econoc committee will the market valuation today is about the same as one year ago which proved to be the 2018 peak ahead of the bruising