The titanic is making news once again an Expedition Team wants to retrieve the telegraph radio used right before the ship sank to the bottom of the ocean well tell you all about that all right its time to move through news i q. Fed chairman Jerome Powell is testifying before Congress Today on the health of the u. S. Economy in a current and post pandemic america hell be cruising in on the good morning news from the retail sales sector posting the best data they have seen in a while so for more analysis and discussion lets go to ben swan hes an investigative journalist and cohost of boom bust and host of news with Rick Sanchez Rick sanchez gentlemen good to see you both ben i want to go to you 1st have we finally turned a corner since the pandemic hit and also. Whats driving the market. Well we got some very good numbers as you said in terms of the numbers for may end retail kind of coming back about a 17 percent increase in retail sales that was not expected and it shows that obviously
Were on strike. They were counted out of work. Temporary census workers were laid off. Going to underlying strength ever economy. Look at net revisions for august and september, number of jobs was revised up by 95,000 jobs. You look at wage growth at 3 over the past 12 months. Low enough where the Federal Reserve is not seeing inflation pressures. White house Economic Advisors taking a victory lap on the report playing a little politics. White house Economic Advisor larry kudlow starting to talk about tax cuts 2. 0 to be proposed next year. The president would love to see another round of lower taxes to help middle income workers and wage earners give them as much, disposable income as possible. We are talking, again, informally at this moment. Reporter but nothing formal at this point. Ism manufacturing number. It came in at 48. 3. Anything under 50 is contraction. This may have also been impacted by the gm strike as the bureau of labor statistics wrote in the report, quote, within ma
Oil and gas this morning, you have a drop in oil prices. Gasoline prices have hit a twoyear high following not storm. Futures are showing this common stocks to start the new weekend. 18point loss on the dow futures come a loss across the board. In europe, stocks are heading lower as well. Losses at the biggest loser being the dax in germany. In asia overnight, markets mixed. We had games on the hang seng in hong kong and shanghai 1 . Breaking down the board vote in the richer task of juggling faces a hard. So much more this morning. Come and morning. Come and enjoy the music pollster ed the same ski partner and editor we will be breaking down the business impact. A lot of terrific guest coming up this morning as well. Retired Army Lieutenant general Hurricane Katrina joint Task Force Commander russell honore. Retired Lieutenant Colonel allen west and attorney general of texas, ken paxton. This gentleman will all be here. Right here right now, catastrophic flooding in houston. Tropical
May not be in a car on st. Clair avenue but they say thisn and all of these people have kids who are involved in this you cannot do this in fron of them and not expect them to not find needles. Female is the childs grandmother. Both taken to the hospital and treated and then arrested on several charges the boy was released to other relativeseshe. Today details come out about calendars god Iman Shumperts arrest lost month for allegedly drivinun georgia, the officer pulled him over and said he smelled marijuana in the car, then gave him an bag of cigars containing marijuana, the grade to a field sobrietyfi tests that led the officer to conclude that he was impairedt he will stop today th cavalier said a statement that said they haveie business situation and will monitor the progression of the pending case. Grand jury indicting a man desha faces ecting counts including murder and assault,de they say he shot 53yearold Deborah Pearl with ar15 rifle after running a reda light hitting her car
Orbit. Scott kelly. Welcome home. Rosanna oh, my goodness. Greg weightlessness on the body. Rosanna you can see it on my face page. Greg lets take a look at donald trump. A huge victory for him. Seven states. Chris christie. It was strange. Blink twice if you are alive. [laughter] you and i have been behind it is very difficult. You act like a human being. Rosanna he looks a little bit like he is in a trance. Greg you think. I watched this thing as it happened. Former tough guy Chris Christie. A lapdog when he shuffled onstage. A faraway look of a man facing a long prison sentence. It was very strange. Lots of interesting observation. Sometimes politics can be cruel. Greg this is from regular people. That is the good stuff. What are you doing . Mike, lets do some weather. On the upper teesside. Queens and brooklyn. Still a few showers. Lets show you the maps and what is going on. Nassau county starting to see some drier skies moving into town. Coming to a close. Fortynine of my slip. M