The market dealing with a fed induced whiplash today we are well off the session highs but in the green for the s p 500 swelz the nasdaq, the dow. The nasdaq though in negative territory down by. 2 check out the etf that tracks the Home Builders down today, but it is up 5 in just the past week well tell you which names are driving that move. Well the hawks are out in jackson hole, wyoming. Fed officials not saying what the market wants to hear today Steve Liesman is there talking to all the xwbig names. It was really harp rer that sort of sparked that turn around in the market he wants to stay neutral. More on that in a second, but i want to show you the gyrations in the outlook for the Federal Reserve through the fed funds futures market still a 99 of a rate cut. 66 for october december cut seems to be on the b table. Whether or not the 75day point for the rest of the year or just 50 another Interesting Development in september, a 1. 3 chance that the fed remains on hold. It was a 40
Neil not roaring like a not lyanne but it wont go out after a lamb after the two months weve seen with these markets and not looking at the nasdaq and s p, building on records yesterday and acknowledging investors are chasing of the day. Artificial intelligence was a big deal last month, one of the smartest people on the planet tell us it will be a bigger deal this whole year. Ubss ai excitement fueling another 20 rally from here, the s p 500 this year and arrayed domino says things might get crazy but are far from crazy right now. As we set up on the third month of training, whats next . Lets ask ray want, gary k kaltbaum. Ray, what do you make of this . Its too fast. Another 3 or 4 , calm down, what do you say . The market has a lot of room to grow even if nvidia hits 900, we have the beginning of the ai age, thats just hardware, we have areas around software that will grow, companies that make a lot of advancements and service companies, this is like the beginning of the internet. W
Pelley this is our western edition. Louisiana is under a state of emergency tonight after intense storms dumped as much as three inches of rain an hour. Livingston, louisiana, got 17 inches, and its not over. At least one person is dead. Theres more flooding in mississippi and alabama. Omar villafranca is in amite city, louisiana. Reporter in tangipahoa parish, louisiana, rains f out businesses and entire neighborhoods. Motorists abandoned their vehicles and homeowners were forced to evacuate. My house is completely flooded and i have never flooded before. Reporter emergency crews went after those who couldnt get out on their own, using boats and highwater vehicles to take stranded neighbors and pets to higher ground. Residents chipped in. Where is all this water supposed to go reporter but in baton rouge, the rising floodwaters proved after he was swept away while trying to escape. Vernon drummond was his friend. He got over and he went under and didnt come back up. Reporter several d
21 days until election day, we are seeing massive early voting crowds in states like georgia, texas,and ohio. Some people waiting up to eight hours to vote. The coronavirus having a massive impact on the election. You would never know it looking at the president s packed rallies. No social distancing and very few people wearing masks. The fact is coronavirus a huge problem. New cases are rising in 33 states. I want to bring in the senior washington correspondent, who is on the road with the Biden Campaign, and amanda carpenter, a former Communications Director for senator ted cruz, and ron brown, the Senior Editor at the atlant atlantic. I had to call jeff mr. , so i have to give everyone a title. He won the state in 2016, biden is now in the lead there. He plans to keep coming back over and over the next three weeks. So, talk to me about how you see the race three weeks from election day . Well, the president is operating on too small a base from which to win at this point. He is on a
21 days until election day. Millions of americans already casting their ballots. Seeing massive early voting in florida, texas, ohio. Some waiting eight hours to vote. The coronavirus having a massive impact on this electioning but you would never know it looking at President Trumps rallies. No social distancing, very little masks. The coronavirus still a huge problem. New cases rising in 33 states. I want to bring in mr. Jeff zeleny whos on the road with the boyden campaign. Also ms. Amanda carpenter and ron brownstein, Senior Editor at the atlantic. I called jeff mr. And i had to give everyone a title. Ron, im going to start with you. President trump in pennsylvania tonight. He won the state in 2016. Biden is now is the lead there. He plans to keep coming back over and over the next three weeks. So talk to me about how you see the race three weaks from election day. The president is operating on too small a base with which to win. Hes on an island thats taking on water on several dif