And a half of rain has fallen in some areas the good news is florence has been downgraded to a category 1, but the threat is far from over asrain and the projected storm surge have hundreds of miles on the coastline on edge. Our team is fanned out along the carolina coach we have Jackie Deangelis, done te Contessa Brewer also standing by, but lets get the latest on the path Hurricane Florence is a category 1 with wins winds at 9 Miles Per Hour those winds are slamming wilmington that heavy rain has been continuing overnight and once florence moves onshore the eyewall will make landfall but the majority of the storm will stay over the atlantic helping to fuel it it will remain a category 1 storm upon landfall for at least 24 hours this morning it is still lingering in North Carolina and as the day goes on, eventually moving into South Carolinamornia category 1 storm eventually it will weaken pov nothi moving into South Carolina the concern is the heavy rain and the catastrophic storm su
since february. china s main index shanghai closed down 7% in a fourth straight day of declines. again, we ll keep you updated on the u.s. stock exchange. this morning, philadelphia police are still looking for the man who gunned down three people in north philadelphia. several neighbors called 911 after hearing gunshots just after 6:00 last night. police got there to find three victims, including a woman shot several times in the stomach. a man was shot in the foot, another man in the leg. nine shots were fired from two dimpktd guns and the shooter was standing up with his upper body out of a mini van sun roof. all i was hearing like, gunfire back to back. somebody needs to do something about this. this is crazy. all the victims are expected to survive. as of now, police are looking for those involved. what witnesses describe as a gold van. police have witnesses and are reviewing surveillance video. take a look at this. this is an intersection still closed this mor
we have the sound from the cockpit on several near disasters. also today, is best buy back? the company reporting big numbers today. profit doubling from a year ago. and look at this stock. it is up 62% since february. not bad for a company that many people thought was about to go away a couple of years ago. and a brand-new report on housing for homes $1 million and up. first, though, let s check in with sue at the nyse. hi, ty. and we will get to the story about those minivans in just a second. but first, to today s hearing on takata air bags on capitol hill. these bags are in millions of cars in the u.s., and safety advocates say they are deadly. phil lebeau is live in chicago with some of the details on that. hi, phil. hi, sue. takata air bag hearing just wrapped up on capitol hill. really it raised more questions than it answered. first of all, takata s executive, the one who is he said when they were asked by senators, look, you know, we re going to maintain a
the indices ahead of the feds. dia is down. you have the qqq, the qs down .5%. the spy that tracks the s&p 500 and that is lower. the iwm that tracks the russell 2,000 and that is down. there is the ten-year note, the yield at 2.02. gold up at 11.53 an ounce. the euro is down i guess the euro is up against the dollar at 1.06 and west texas crude is down another 2%. look at that $42 quote on west texas crude. let s get right to our senior economics reporter steve liesman on a roof somewhere in washington. on the fed s roof. and i want to spend a minute because certainly someone just tuned in and said why are people spending all this time on the wort patient and why does it matter? and the reason why it matters so much is it gives the fed flexibility to hike interest rates. that word meant they would not hike interest rates for two meetings. it comes out as expected and gives them flexibility and begins a debate that has to do with valuing stocks and bonds over how quic
nasdaq was strong. technology, one of the better performers on the day. investors betting lawmakers will reach a deal on the debt ceiling and avoid default don t. john harwood with the latest developments out of washington. down to the wire, what can you tell us? it is down to the wire, but they are going to reach a deal. the senate expects to vote within the next few hours on that deal. expect an overwhelming bipartisan vote in favor of the deal struck between harry reid, democratic leader, mitch mcconnell, that would reopen the government, extend funding through january 15th, lift the debt ceiling through february 7th. and that deal is expected, as i said, to go some time between 5:00 and 8:00. the house will take it up. they could be done in the range of 10:00 to 11:00. the bill would then go to the president. i just spoke to a house republican who said that the at the leadership meeting just concluded. speaker boehner, entire leadership indicated they were supporting