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Dow losing 17 right now. In asia stocks followed u. S. Market last week. Shanghai composite also 1. 7 . Nicole Rising Oil Prices helping lift stocks. Oil is up over 7 . It is pulling back some down about 2 at 37. 73. In sports march madness is here. Top seems have been selected. They were let out of the bag a little bit early. Well tell you what happened and who sits at the top of each bracket. Nicole it is 5 01 a. M. , it is monday. You made it through daylight savings. Welcome to fbn am, first look at what is moving in todays markets. Latest in breaking news. What happened overnight. A train false off the tracks. Amtrak train derailed in southwest kansas. It was traveling to from Los Angeles To chicago when multiple cars went off the tracks west of dodge city. 128 passengers and 14 crew were onboard. 11 people were taken to the hospital. The other passengers were brought ....
The east coast is bracing for a direct hit by Hurricane Sandy. Utility companies are busy ma making emergency plans. The storm is churning out in the caribbean where its being blamed for at least 21 deaths. 11 of those in cuba alone. Lets begin with nbcs jay gray. Reporter sandys Early Warning came as the storm lashed the caribbean. Violent winds and driving rains battering the island, cuba taking the most direct hit. I have been watching it for the last two or three days. I saw this morning that its headed this way. Reporter models show sandy brush i brushing the midatlantic and targeting the east coast early next week. If the forecast holds, new york could take a direct hit. We have opened the office of Emergency Management situation room already. The nyc coastal storm plan was activated early this morning. Early ....
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are afraid of inflation. now the fear is deflation. what the deflation trade? if we go into an era liie that how do we trade stocks and bonds. we ll deal with all the issues on after the bell which starts right now david: let s get to today s action. we have john tooy, usaa head of equity invery muchs. investors he says, don t panic. there is no apocalypse coming. there is still time to buy. david: todd horowitz is in the pits of the cme. we talked about inflation, deflation. a lot of people go to the grocery store. they say what do you mean there is no inflation. i m paying more for beef and more at the gas station but commodities is telling us. certainly gold trade. silver and some of the beans is telling us deflation may be on the horizon, right? it is still a concern. we re still substantially away from it. when the action the way the fed is acting and markets acting it certainly has to be a concern. we re seeing gold, 6%, 7% down. look at crude oil down 3%. loo ....