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Yes theres still questions to it. How much do you keep . How much can you write off. But coming down pike one, two trillion infrastructure plan and continues to be optimistic to push for prosperity in your wallet Varney Company right here starts right now. Charles i know the frozen tundra is redundant but necessary the east coast and west coast in already a serious e deep freeze and it will helicopter into the new years. Youre looking at windchills check them out negative numbers across the board absolutely phenomenal. On the other end the scale higher oil near 60 last two sessions. But not because lots of people are using heating oil the big spark the last couple of days has been libyan where fallout after that pipeline blast and adam you have nor details on that. A blast they expect to have this pipeline back up and running in about a week but knocking 100,000 barrels off of the market so price was trading above 60. And highest ....
After that. This is week to 10 days worth of subfreezing temps for a lot of big cities in the east. That is very impressive. We havent seen cold like this since the polar vortex from a few years ago. David what about erie, pennsylvania . I have got to focus on one little town. Not so little if you live there. My grandmother is from eerie. Five feet so far. Theyre getting a another major snowstorm by this weekend. They could end up with 10 feet before long. It is amazing. That is what you get arctic air going over relatively warm, unfrozen waters ever the great lakes. That is why the rest of big cities in the east dont have the snow with arctic air mass. The air is too dry. You know moisture to deliver the snowfall totals. That is it what the great lakes do. I will say, david, next week, january 3rd or fourth, middle of next week. We could get gulf and atlantic moisture involved in the arctic up break, big cities on east coast have to watch for a potential big snowstorm. That is a few d ....
Weather pattern could mean for commodity prices. And the end of the dreaded annual performance review. Why it is now falling out of favor at so many more u. S. Companies. First, though, lets check in and welcome sarah eisen. Hi, sarah . Hi, tailer. Well begin the show with the housing market, Home Building rising to the highest level since 2007, a key measure of future construction plunged. Diana joinings us live from washington with all the numbers and back numbers. This is stocked full of contradictions. Single Housing Starts took a nice move up, nearly 13 for the month. Multifamily down 17 . Look at the big picture from whens we came. Single family construction is 25 below the 30year average. Multifamily is trying to make up for a decade of underbuilding. The Single Family construction surge in july much needed, yes. An ....
Traditionally, for stocks. Dow is usually down more than 1 on average does that hold true to form this time listen, i dont know if history is your guide on this. I think the relevance of whats going to happen here in september is really about the tremendous amount of obstacles that the market faces right now. And what do you do with that do you allocate new money . Do you expect a correction to be coming right now i think the best strategy, when you look, is to be defensive if hedge things out, if you have the ability to use options or the ability to access the volatility market, i think those are the right things to do because i think the certainty about september is that volatility is going to rise. Predicting which direction overall the market is going to go, i think, by the end of the month, that would be a fools game but im rather certain that volatility will be spiking interesting way you put it. A tremendous amount of obstacles, you say lets go down the list what are we most wor ....
Im Brian Sullivan believe it or not, oil is helping you and your money today. Crude trying to claw back to 50 bucks an hour pushing exxon and chevron higher leading to gain for the dow up 70 points other stocks to watch today, sarepta. And trivago investors losing 20 perce20 of money heres what else is happening at this hour the house getting more than enough votes to provide Hurricane Harvey relief. It now goes to the senate for a vote the fed number two stan fisher stepping down in october for personal reasons his term as vice chair was set to expire next but now he has President Trump an opportunity to reshape the central bank sooner than expected and President Trump heading to North Carolina to make a p ....