And so well talk. No. Thank goodness, and lets talk about markets earnings. I want to know what hes fixing. Fixing facet. Lets talk about markets and the recordbreaking last week. Futures are pointing to higher ownership a 28 point gain on across the board after all three major market games finished in record territory on friday. Second quarter earning season kicks off in about two hours. City reports President Trump tweeting on the economy last night, were doing great economically as a country. Number one, despite the feds aint waited policy on raids and tightening room to grow. Mitch lets start with again the feds getting ready to cut Interest Rates based on all indications. So thats thats not tightening. But lets talk about earning season what do you expect because again, rip to, quote, ya a rip roaring market but you have earnings are expected to come in negative for this quarter. Last quarter same i mean for the Second Quarter, and negative even in the Third Quarter based on expec
Runways. Insurance stocks taking a look at features, dow down 36, nasdaq town 12. Cheryl in europe stocks open under pressure. Lauren cooper has a new cbo. The earth to take over and turn on the company. Fbn am starts right now. Cheryl 5 01 a. M. In new york. Monday, august 28. Good morning, everyone. Cheryl casone. Lauren thanks for joining us. Lauren simonetti. Cheryl a devastating weekend in texas. Houston is dealing with record flooding is catastrophic rain is Life Property in the nations fourthlargest city wrecking the epicenter of it all come assessing damage from the Tropical Storm in a decade. Just a warning. Incredible, incredible pictures in houston at the National Weather center said, this is something weve never experienced before over such a wide location. Maybe you can see the rain still falls in houston. Your headline this morning. The floodwaters continue to rise because they are now beginning to release this morning and water from reservoirs were compromising dans. Rel
Texas Governor Greg Abbott updating residents this afternoon. There is reality we have to come to gyps with, and that is we are just beginning the process of responding to this storm. We are still involved in the searchandrescue process. Our number one goal from Corpus Christie all the way to east of houston is still protecting and preserving life and rescuing every person that we can find. Ashley this as President Trump is expected to address the National Disaster sometime this hour. Ahead of that visit to survey the damage in texas tomorrow. Of course well be, he will be making comments and taking questions live from the white house. Well take you there immediately that begins. Cheryl well be waiting on President Trump. Right now we have jeff flock. He is live on the ground in houston, texas. Thousands are being forced from their homes seeking shelter. Jeff what are conditions for you right now. Reporter oh, boy, cheryl, i tell you i didnt think it could be much worse. Were in the a
Oil and gas this morning, you have a drop in oil prices. Gasoline prices have hit a twoyear high following not storm. Futures are showing this common stocks to start the new weekend. 18point loss on the dow futures come a loss across the board. In europe, stocks are heading lower as well. Losses at the biggest loser being the dax in germany. In asia overnight, markets mixed. We had games on the hang seng in hong kong and shanghai 1 . Breaking down the board vote in the richer task of juggling faces a hard. So much more this morning. Come and morning. Come and enjoy the music pollster ed the same ski partner and editor we will be breaking down the business impact. A lot of terrific guest coming up this morning as well. Retired Army Lieutenant general Hurricane Katrina joint Task Force Commander russell honore. Retired Lieutenant Colonel allen west and attorney general of texas, ken paxton. This gentleman will all be here. Right here right now, catastrophic flooding in houston. Tropical
Rebuild a life. Maria donald trump and Hillary Clinton sending their thoughts to those affected by matthew but clinton is facing criticism this morning after her campaign planned oh to buy ads on the Weather Channel in florida which theyve now canceled. The candidates are spending the day away from the trail preparing for the big debate on sunday night. Economy and jobs, of course, top issues for voters and we get updated look this morning of the health of the labor market. The september jobs report is out 8 30 a. M. Eastern. 175,000 jobs. A flash crash in the british pound. The sterling plunging 9 overnight. We are taking a closer look at the major selloff in the pound. Broader markets this morning across the world looking like this. We are expecting a lower opening for the broader markets. Right now we are looking at lower performances. In europe mixed performances, the ftse 100 up better than 1 . The other showing fractional decline n. Asia overnight. Here are the markets, china mar