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So the market likes that part of it. As i said, were waiting for President Trump. He is speaking with reporters right now. We should have play back of the comments any moment as we start the hour with blake burman on the president. Some of the comments, im looking at headlines around the building where youre standing, comments on taxes interesting. President as usual making a lot of news. Bring us up to speed. Reporter the president you remember yesterday, connell, he gave idea, would endorse the idea of indexing Capital Capital gains that would be a tax cut for the wealthy. Were hearing President Trump might not be supportive of it. On the south lawn as the president is leaving right now, he just told reporters quote im not looking to do indexing. It is perceived as somewhat elitist. He want tax cuts for middle class ....
Well show it right here. Connell oh, boy. Melissa it is rough. Instead go to Kristina Partsinevelos on floor of the new york stock exchange. Kristina . I like that. Forget that. Talk about the whoohoo you mentioned. You saw a little bit of a rally towards later half of the day. We were sitting around 250 points. It is a friday. People wearing ties. People are rushing out. What are some of the catalysts. Improved sentiment about u. S. China trade progress. We can say that. Germany stimulus if needed. Same situation with china. A stimulus. Talk about the dow winners on the screen. Winners for apple, a lot has to do with china u. S. Trade sentiment. Given supply chain. Goldman sachs doing higher because 10year yields climbed higher. Banks benefit from that. They got hammered yesterday. 3m often goes up and down with any trade comment. We talked about the yield, bring up the 10yearyearold at the moment. It flipped over, people ....
That sent wall street into a tailspin. But the dow came roaring back. The other thing we have been watching is the price of oil. The largest one in the nation had it production cut. Now that area is in the line of fire as harvey moves to the east. Switching now to pictures of wingwood, texas. The houston mayor called kingwood a focal point of the rescue operation. Well bring you there in just a minute. In Brazoria County a levee breached. Some of the people, just normal people in the neighborhood built a makeshift levee of their own in that county. The floodwaters, they went over the top of a 108foot spillway. Something that never happened before. Jeff flock was there as it happened. And sent us these pictures you are seeing as the water started flowing into the nearby neighborhoods. A number those neighborhood were already flooded. Jeff and his crew moved into those neighborhoods where people are losing just about everything the ....