This afternoon. Toni yates joins us live from the scene. Toni. Reporter yes, indeed. You know, the demolition scheduled for tomorrow will probably have to be delayed with this accident happening. A few minutes ago we saw some of the demolition crews and Port Authority workers meeting at hangar 14. They are standing there. At one point they walked away, surveyed the building then walked back. Lets take a look at the video. Newscopter 7 was over head shortly before it collapsed. It was being prepared for full demolition when earlier something went wrong. There were nine workers inside the structure which part of it began to buckle. They all made it out but four of them suffered nonlife threatening injuries. We are told two of the people are listed as critical. Now crews are doubtful as i said that the hangar as it is now is safe to go back into. That has to be decided. This was a Maintenance Hangar that was closed after United Airlines reopened opened a brandnew hangar last year. So,ing
This afternoon. Toni yates joins us live from the scene. Toni. Reporter yes, indeed. You know, the demolition scheduled for tomorrow will probably have to be delayed with this accident happening. A few minutes ago we saw some of the demolition crews and Port Authority workers meeting at hangar 14. They are standing there. At one point they walked away, surveyed the building then walked back. Lets take a look at the video. Newscopter 7 was over head shortly before it collapsed. It was being prepared for full demolition when earlier something went wrong. There were nine workers inside the structure which part of it began to buckle. They all made it out but four of them suffered nonlife threatening injuries. We are told two of the people are listed as critical. Now crews are doubtful as i said that the hangar as it is now is safe to go back into. That has to be decided. This was a Maintenance Hangar that was closed after United Airlines reopened opened a brandnew hangar last year. So,ing
Session. The dow dropped 28 points. The nasdaq plummeted. 08 . To make matters even more difficult, it was themeless. The stocks in the same sectors diverged wildly and the initial offerings told mine share and expanded the froth right in our eyes, right in front of us, from the getgo. As the ipos have for days on end now. A lot of the confusion comes from vicious rotational behavior where investors fled consistent growers and piled into least consistent growers that could benefit from a stronger economy, something ill address later. Part of it was the continued fed action, meaning the pronouncement indicated happier times are almost here again, so Interest Rates must be headed higher. A rise wont necessarily kill the bull. It does cause money to shift, to fall away from companies that do poorly in times of higher rates to ones that do better, especially the banks, which routinely make money whenever rates gradually move higher over time, and thats one of the reasons why that group is
Huhuh. Let me tell you something. Weve got to be prepared for a pullback. We have the chinese manufacturing phi, and thats the most important gauge of chinas growth. Im willing to bet that its going to show a further slowdown. People are starting to talk about, including goldman sachs, maybe a sub7 growth in china. That would be big, people. Got to watch the slickly calls. The cyclicals have been hot. But i think this number could cool the rotation into that group. Gotta watch the cyclicals monday after we see that number. At the same time, we have r something you may not have heard of, but ive held to be very ea important if you care about the oil complex. Th this is the howard wheel energy conference. I know, a small firm. But id say most of the really important energyrelated companies, theyd make the pilgrimage each year. Now i look at the presentations after. Im watching ensco, and not becauseot of two weeks ago, but because its so darn cheap. Almost 6 yield. O it seems poised for
Evolving into a notsohot session. The dow dropped 28 points. The nasdaq plummeted. 08 . To make matters even more difficult, it was themeless. The stocks in the same sectors diverged wildly and the initial offerings stole mine share and expanded the froth right in our eyes, right in front of us, from the getgo. As the ipos have for days on end now. A lot of the confusion comes from vicious rotational behavior where investors fled consistent growers and piled into least consistent growers that could benefit from a stronger economy, something ill address later. Part of it was also continuation of some fedrelated action, meaning the pronouncement indicated happier times are almost here again, so Interest Rates must be headed higher. A rise wont necessarily kill the bull. It does cause money to shift, to fall away from companies that do poorly in times of higher rates to ones that do better, especially the banks, which routinely make money whenever rates gradually move higher over time, an