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To global reflation. Equally important, the data out of china. Have a look at this bloomberg chart. Uptick were expecting an , but not this, 6. 3 , now back above 6 . Here is your base effect, steadying, and pick up right there. Bloomberg intelligence is telling us in a note is that it might the sentiment driven. Is it supply side . Partly. This could turn, but that the in said, if you did have to choose which industries are benefiting, look up stream, steel. Downstream, not quite. Upstream, steel and rebar prices, closely coal related. You can see where that one goes. Very interesting. We will be flushing out that story and a few moments in Market Reaction when markets open in hong kong and china in 30 minutes. In the meantime, singapore, taiwan, malaysia coming online. Sophie, currencies, but the equity markets so far. Sophie these are equity markets. Higher byeing led tokyo and seoul, korea. Some marginal losses for stocks in ....
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 ....
Sending the s p 500 to its 31st closing report of the year. All three maid indexes rallied more than 6 . Why the optimism . In part because Hurricane Irma delivered a less forceful than expected hit on florida. And concerns over New York New York eased as well, at least for now. Lets got to the numbers. The Dow Jones Industrial average advanced 259 points to 22,057, biggest oneday gain in six months. The nasdaq added 72, and the s p 500 gained 26. Bob pisani has more on the rally from the floor of the nyse. Reporter the markets returned to rally mode and a number of factors contributed. First, while the damage from irma was extensive, it wasnt as catastrophic as feared. Second, there will be money for rebuilding. Th may be the ultimate fallout from harvey and irma. It may shift washingtons focus to more fiscal s ....
Ashton, the weather watchers are wide awake. They sure are. Were reporting cold temperatures. Its the First Official freeze of the season for denver this morning. Its right on schedule. Thats whats happening. Orlando in littleton reporting 32 degrees. Cbs weather watcher there. 13 degrees this morning. Its very cold in the mountains. Lets get a check on the traffic. He lets take a look at the drive going west into town. I70 eastbound, eastbound 6th avenue, highway 285 and eastbound 470 are looking nice wide and open for now. I will give you your full traffic picture coming up. Hurricane matthew hitting hard spinning off the coast straight east of Cape Canaveral at the moment. It is a category three storm at winds of 120 miles an hour on theres a path of destruction in the caribbean. Thats a roof getting ripped away from a home in the bahamas. Winds are so strong they caused t ....
Are in the low 60s in some spots. Colder tomorrow. The difference will be as well with the temperatures, the humidity will be solo a combination with the gusty behind so low the combination will be the gusty winds. 85 is the high temperature. We get chilly in the morning and thereafter as minutes. Good morning. The construction on the Sunshine Skyway is cleared. So, no reason to avoid that. Traffic is moving nicely across the Sunshine Skyway. Nine minutes across. The other crashes we started off the show with on i4 and 275 or cleared as well. Right now we are starting off with a clean slate. The drive through Pinellas County on 275 is looking good at 275 and gandy. Up to speed from bridge to bridge. The drive on the veterans, we are in the green, 16 minutes from 54 to 275. Deiah . Thanks, janelle. Happening right now, ....