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Pieces power lunch starts right now welcome to power lunch. Stocks extending the weeks gains and could ends up with a positive month across the board. Health care the best performing sector and financials and telecom the biggest laggards refineries shut down for extended periods in texas in the wake of harvey gasoline continues to spike as well on that supply disruption campbells soup falling as earnings disappoint and costco in the green after reporting a 6 jump in sales and lands end sinking on an etf miss down nearly 8 . Lets get you caught up on the latest headlines texas officials reporting more than 37,000 homes sustained major damage and 7,000 destroyed by the storm u. S. Navy sending two trips to provide humanitarian aid outside of the houston area, the city of beaumont lost its water supply as a result theres 180 million in damage to public property across the gulf coast counties just so far. The Vice President saying mom ....
Plains where we live, i often like to point out the fact it is the immediacy of history. I think for these writers as well. And in the case of frederick manfred, he farmed for a number of years along with his father. But it would have been his grandfather who would have been the first generation that would have moved into this part of the country. In the case of krause, the same would have applied. His grandfather would have been from germany and moved here. One of the early immigrants to this part of the country. We are talking a generation or two generations before. I think in order to understand themselves and to have a perspective on what their role might have been in this vast area called the plains, they only needed to go back one or two generations. What is unique about this part of the country, i would say it is that immediacy. Unlike some of the other areas of the country that go back 200, 300, 400 years, certainly the contact period for the dakotas is much more recent. Announ ....
Later, bill orilely is officially out at fox. First, the crude plush oil having its worst day, settling down nearly 4 . Gas inventories in the u. S. Jumped for the first time in two months, sparking demand worries. Energy stocks by far and away the worst performance sector, following the commodity lower. When crude turned lower, the markets went along with this. Lets put this in context. You stalled tax agenda, falling oil. Its a bad earnings reaction. In fact, ibm the worst performer on the dow, on its earnings today. So the perfect storm brooi brewing for stocks. Steve, what do you say . When you look at crude, you look at the prism of the 50 mark. The stocks, the actual commodity. But i have been negative on krudz and crude stocks, feeling at the saudi aramco potential ipo has been a real setup. Its the biggest head fake for me. Because every analyst, every buy side is looking to get a piece of it. Every sell side is looking to buy into that event. Its setting up literally for a per ....
Confusion. Even on days where the dow dipped 15 point nasdaq closed down 0. 02 . Lets start with politics. A subject im usually loathe to talk about but the election is only eight days away, so lets give it its due. On friday, we learned that fbi director jim comey had decided to examine a whole new bunch of Hillary Clinton emails found as part of a separate investigation to disgrace former congressman anthony weiner. Immediately the entire market took a hit. It was instantaneous. But right after that, a great deal of the market rebounded. Buy, buy, buy. Okay. First the market went down. Sell, sell, sell. On the news because investors dont like uncertainty. For weeks now the markets gotten accustomed to the idea of a Hillary Clinton presidency whether we like it or not. Thats irrelevant. Not a political statement. Just a reflection of what the polls say and how the stock ma ....