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Of earnings. The coo will join us as questions over the health of that sector linger as rates keep rising and mortgage demand keeps dropping, theres one housing name positioned to benefit from a rising rate environment. The ceo will join us ahead but we begin with the markets and bob is at the New York Stock Exchange weve been on a little tear lower the past few days, bob really the past two weeks so weve been trying to rally midday, thats a typical pattern. Then we just move down late in the day. We were positive earlier in the day. Take a look at the major indexes. The s p is down 10 of the last 12 days. Same with the russell 2,000. Its down 10 of the last 12 days nasdaq composite is down 6 from its recent highs the dow industrials have been holding up better than the other averages, and thats primarily because its a little more defensive. Its got some consumer names in it take a look at some of these names this month y ....
Their concerns over chief armstrongs firing. And as festival goers were leaving outside lands, a traffic jam was created with crews cars stalling on the roads. Were going to be live with a look at the frustration from residents just days after those selfdriving cars got approved in San Francisco from ktvu fox two news, this is mornings on two. And good morning to you. Welcome to mornings on two. It is sunday august 13th. Im Claudine Wong. Super foggy sunday that is. Im james torres. It is just a couple of minutes after 7 00 this morning. We have rosemary oroczo here to talk a little bit about what weather might look like today. Rosemary. Oh, its going to be hot and hot. Yes. And we have everything across the board. We have a little bit of drizzle and fog at Half Moon Bay. We have some more level moisture out there for today ....
Their voices heard. We first begin with breaking news. The f vi is searching the federal correct ocean institution here with video overhead and we are told agents are seizing computers and documents in an apparent escalation of a years long sexual abuse investigation that led to previous charges against the former warden and former employees. At least eight employees were charged with sexually abusing and make. This scandal has been one of many troubles plaguing the federal bureau of prisons which has been dealing with rampant staffing shortages, suicides and security breaches. So far, the Correctional Institution said it can confirm that these Law Enforcement activities are there but cant comment further. Good morning and thank you for joining us. Happening today, uc Berkeley Students will march to the cam ....
Again, stocks marching higher despite any noise that is out there in the political world. Overnight, youll see what happened. The nikkei was up by half a percentage point. Hang seng was slightly weaker. Shanghai composite up by a quarter of a percentage point. In europe, the biggest surprise, even though the conservative party was not able to win back a majority, and even though there are all kinds of questions about theresa may and her government, you can see right now the ftse is trading higher. It is up by about three quarters of a percentage point. Stocks in france up as well. Germany, the dakotx is up. And the current sy market, youve seen more of a reaction. The pound is under pressure, the dollar pound is at 12736. Dollar up against the yen and up against the euro as well. Check out the ten year, the yield, at this point, looks like it is trading at 2. 199 . Just below 2. 2 . And if you look at crude oil prices this morning, crude oil is down yesterday. This morning, up by 15 ce ....