weekend. nightly news begins now. m zp from nbc news world headquarters in new york, this is nbc nightly news with kate snow. good evening. in the heat of summer, forest fires are not uncommon in southern europe, but the massive fire raging in portugal tonight is being called one of the worst in decades. more than 60 lives lost, many of them trapped in their cars as they tried to flee the flames. several european nations are offering assistance as high winds and high temperatures tonight are making it even more difficult to control the blaze burning northeast of lisbon. we begin with lucy cavanaugh. reporter: a deadly inferno like no other. the wildfires that began spreading across this mountainous region late last night spared nothing in their path. panic and fear as residents fled the fast-moving flames. anguish the moment this wok realized she lost everything but her life. more than 60 people killed, nearly half died as they tried to escape, trapped in their ca
greater than ever before. market reacting positively rocketing higher, dow and s&p hitting historic highs, this following president-elect trump laying out his national security agenda during these thank you tour last night, welcome to risk & reward. i am filling in for deirdre bolton, trump rally continue, dow up 6% since the election, s&p up 4%, a trillion dollars in market valueded to the dow, this since the election, this after president-elect, introducing james mattis as his pick for secretary of defense last night, immediate reaction, no less than 4 negative e editorial in washington post. trump transition train is still full steam ahead, foxconn terming president-elect will pick scott petruit on lead the epa . president-elect tapping retired four-star marine general john kelly to lead homeland security, his son robert was killed in combat in afghanistan in 2010. general kelly is a gold star parent. we have linda mcmahon who runs small business administration, she wa
i am alix steel. have you done the bucket challenge? i have not. i would not mind donating money. i do not see myself doing the bucket challenge. i challenge you. you are like the seventh person and i am still not going to do it. going to existing home sales for the month of july. scarlet fu in the newsroom with headlines. for the month of july economist looking for a drop. instead what we got was an unexpected increase month over month. existing sales rose 2.4% from a month ago. in terms of an actual number, 5.1 5 million, higher than what economists had been looking for. i was told 5.1 five millions the highest level since october. some good news on the housing front. we know the federal reserve had been siding housing and weakness, but concern is the slowdown as you look at the rotter economy. another index is the leading index of economic indicators higher than anticipated as well. again of .9%. a gain of .9%. falling more than anticipated to below 300,000, a se
the month. we go to the stock chart, quite a run over the past year. shares are moving lower as we mentioned by 14% or $11 to $64 and change. football fans and cvs stockholders listen up, the national football league and cvs hoping to print cash with an agreement to produce and televised thursday night football for the 2014 season. it will air a eight release season games that will also be simulcast on the nfl network. it is not clear what is going on, theyywant shares of cvs. and up $0.52. that is an interesting move. we need to talk about in data, data in advance of friday s jobs report. the precursor to that, the adb report that private employers added 170,000 jobs. and 80,000 jobs for that number. what was blamed for the lower number, take a look outside, cold and wintery weather on the east coast and the south and we keep hearing the phrase pullback and that is cold and wintery for the stock market. what does that mean? markets lose 5% from recent highs. what we wanted t
treasuries went up. a little concerned, perhaps, about the stock market. now, we know one executive who s presumably looking for a new job today, tim o shaughnessy saying he s stepping down this year. living social is not publicly traded, but there are a lot of guess about them being questions about them being the big competitor to groupon. target now telling us that its data breach was worse than previously thought. as many as 70 million customers had their personal information compromised. target also lowering forward guidance. its shares are moving down just a few percentage points, but it s sears getting slammed today after it also lowered its guidance. that stock down more than 12%. a little later on we re bicycle to speak to speak to sears public enemy number one. he took photos of empty sears shelfs. he says sears has gone from a sick patient to one who is now in critical condition. we, of course, invited sears executives to come on, they declined, so i m going to