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Welcome to power lunch the s p joining the dow in having its best day since march 1st. The three major averages now positive for the month all 11 s p sectors are trading higher right now health care, tech, trading above their record closes. Financial also a big winner today. The dow utility setting an alltime intraday high as melissa mentioned, irma, not as bad as it could have been the floridabased insurers and the reinsurers, they are soaring, up anywhere between 5 and 15 . Im Brian Sullivan out in San Francisco. Perhaps no stock important for the dow as much as apple tomorrow, apple, the first event at their brandnew billion dollar headquarters. Expected to launch not one, not two but perhaps three new phones with a price tag of upwards of 1,000 Analysts Expect this to be revolutionary. Not evolutionary the stock has ....
Florida. Even though it is still bad enough. Still bad see the reinsurers, worst performers last week, up 5 right now. Irma has been downgraded to a Tropical Storm now georgia and alabama are in its sights while the hurricane as bill mentioned buwasnt as bad as it could have been, the Economic Impact is real Jackie Deangelis having a look at impact on agriculture like sugar and oranges. We were talking about that last week. Well see what the impact may turn out to be. Plus 6 Million People wait for power to be restored, were going to talk to duke energys florida president about the efforts there. And the ceo of florida insurer, heritage, will talk about how his company is is assessing the damage as the cleanup begins lets start with the big rally in stocks, up mo ....
Speak. There has been some looting. Miami was on lockdown overnight to try to prevent it. Nine arrests in Fort Lauderdale. Now, the millions who evacuated do not know at this time when they can go back and what theyre going back to. Irma is now a Tropical Storm, still lashing north florida and georgia. It hits atlanta in a couple of hours. So why are stocks going up . It looks like a tripledigit rally about a half hour from now. Well, there are several factors at play. Irma bad, yes, it is. But perhaps not the epic catastrophe that it might have been. And the money that is pouring into texas and florida may help the National Economy in the long run. President trump is getting favorable reviews for his handling of the crisis. That may help the push for tax cuts. And finally, north korea did not launch missiles as feare ....
Here to weigh in. Welcome to risk reward im elizabeth macdonald. Stocks gain as irma and north korea fears ease a triple digit 259 point dali on the dow. Irma was bad for perhaps not the epic catastrophe it might have been. The death coal due to irma now at least 40 including the first stormrelated death in georgia as the Tropical Storm moves into that state. Historic flooding creating dangerous conditions for rescuers trying to help anyone stay behind. Almost twothirds of florida without electrical power nearly 7 Million People. Lets get to foxs peter doocey on the ground in Jacksonville Florida reporting from right smack in the middle of the flooding, peter doocey brings us the latest on irma. Peter . Reporter if you were not familiar with the jacksonville area you pull up to the street and think this is a place ....