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We got three reporters covering it all there. Phil lebeau on the cars and the crash tests. Housing, diana olick and the economy, steve leisman. But we do start with phil and these new crash tests on the ford f150. Give us more details, phil. Mandy this is a mixed review from the Insurance Institute for highway safety. Look at the crash test video. The good news for ford and for f150 owners they tested two versions of the truck, the super crew version which is the most popular version, all good ratings across the board. Extended cab, four good ratings but one acceptable citing injuries to the driver. Ford says it is making changes in the extended cab for 2016 to ensure that it passes all of the safety tests. But heres the negative news in this review by the iihs. It has to do with the cost of repairing the aluminum panels on the f150. They say those repair costs could be 26 more than the old repairs against a steel panel versi ....
Hello. Is this the right reaction . Last thursday, cyclicals began to rally. We questioned whether it was the time to make that rotational call. So far, the bond proxies, consumer staples, utilities, theyre outperforming the cyclicly oriented type names. You come in this morning, you question whether you want to get back where you have the exposure to the cyclicals. Ive stayed with financials. I think thats the right play. Then the other question is what do you do with global cyclicals, which have far outperformed domestic. Is there more runway there . Do global cyclicals continue to outperform . Thats the question. What is your answer . The answer to that for me is dont leave the financials. The financials remain the biggest source of opportunity, both on a valuation basis on opportunity to drive earnings growth. To me, thats the one i stay with. There are others that i think are suspicious and questionable. I like joes calls on cyclicals. Theres a big question we just dont know the a ....
Now winds topping 100 miles per hour, or 160 kilometers an hour as the storm approached. The National Hurricane center says the storm surge up to 20 feet, or 6 meter, is unsurvivable. Well, that unprecedented warning came as flooding already engulfed coastal areas. Officials expect the devastation to be immense over very wide area. Anyone who did not evacuate is told to prepare for hours of destructive winds, heavy rains, no power, and record flooding that could last days. Tom sater joins me now with more on the path of the hurricane as it moves ashore. I know youve had a busy night. The superlatives in trying to describe this hurricane as it makes landfall are also out of this world, catastrophic, unsurvivable, apocalyptic. What do we know is happening right now . First of all, interrupt me at any time, robyn, because there so much to talk about here. There is. The term unsurvivable, im glad that was used. Ive never heard tha ....