And in our more Perfect Union series, a pair of texas Furniture Stores opened for people who need food and shelter. The owner says we have got to give people hope. But we begin this morning with a look at todays eye opener, your world in 90 seconds. The First Responders are so busy. 911 calls are not being answered. The situation in port arthur continues to be dire. Tropical storm harvey makes a second landfall overnight. Unless youre in imminent danger, youre just going t have to figure out a way to deal with it. Torrential rains all through the overnight hours. Were seeing catastrophic flooding again in texas this morning. The recordbreaking rainfall that flooded houston is expected to wind down today. Rescues continue, the need in this region is only growing. Thousands who fled harvey are jammed together at double capacity. There has never been anything so expensive in our countrys history. Theres never been anything so historic in terms of damage. The president spent the day in tex
Obamacare repeal yesterday. A very strong jobs number, with unemployment at an 11year low. But the market meanders during the day. It just wasnt the huge upday that i think you could have expected given all that good news, bought rights now were caught between those that think the economy isnt all that strong, as demonstrated by the weakness in the commodity complex versus retail sales. What could tip things in favor of the bulls . If the white house and congress can come together on some kind of tax reform, this market would roar if they would pass what our president describes as the biggest tax cut in history. Although have you noticed he tends to you hyperbole . However the markets clearly skeptical of washingtons ability to get things done, because otherwise the averages would have soared instead or just bide their time and go up at the end of the day. Were still in earnings season, which is now back to its garden hose status, instead of the fire hose numbers we have gotten used to
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