Stay updated with breaking news from Prospect union. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Be getting more mixed messages. Just today, an important gauge of manufacturing activity, the new york feds empire state survey, tumbled to its lowest level since 2009. But then another report on home Builder Sentiment hit its highest level in nearly a decade. With manufacturing and housing, two very important pillars of the economy, the debate within the market over when the central bank will act isnt going away anytime soon. Steve liesman has the story. Reporter as temperatures rise in august, the debate over the fed raising rates in december is reaching a new level. Youre looking at a significant correction in u. S. Equity markets and pushing the u. S. Economy back into recession. Reporter there are plenty of reasons the fed should stay pat and not hike. Chinas changing yuan, and yet weve seen the economy gaining momentum in the Second Quarter, and we think that will ca ....
Be getting more mixed messages. Just today, an important gauge of manufacturing activity, the new york feds empire state survey, tumbled to its lowest level since 2009. But then another report on home Builder Sentiment hit its highest level in nearly a decade. With manufacturing and housing, two very important pillars of the economy, the debate within the market over when the central bank will act isnt going away anytime soon. Steve liesman has the story. Reporter as temperatures rise in august, the debate over the fed raising rates in december is reaching a new level. Youre looking at a significant correction in u. S. Equity markets and pushing the u. S. Economy back into recession. Reporter there are plenty of reasons the fed should stay pat and not hike. Chinas changing yuan, and yet weve seen the economy gaining momentum in the Second Quarter, and we think that will ca ....
Washington state. Fires are burning in seven states. In california alone, theyre destroying 1,000 acres an hour. Extreme heat is making the battle all the more difficult. It has been a very hot day in much of the country. More about that in a moment. First Danielle Nottingham on the firelines in washington state. Reporter six wildfires have surrounded the city here. This is the view from the lake where at least three dozen homes were destroyed and 2,700 people were forced to flee. The flames still burn inside one of many home lost here in this lakeside community. For the residents who lived here, the loss is immeasurable. It was pretty scary. I have never seen a firestorm like this travel this fast. Reporter Reggie Collins is the c. E. O. Of a fruit company. He escaped the flame, but the business did not. He estimates his loss at 80 million. His sister carmens home burne ....
Precipitation rate well over two inches an hour. We hope that continues to move. We will talk more about increased showers along with decreased temperatures with the sevenday. Thanks, glenn. Our First Alert Team coverage continues with nbc 10s tim furlong live in wilmington. Local groups are taking precautions to protect children from this heat. Reporter absolutely. You have to. We always try to be live in front of something interesting. This is pretty uninteresting, athletic fields with no kids on them. Thats because they worked hard early so they could cut out of here before the worst of the heat rolled in. Its too hot to do lots of things today. It is really hot for football. You got to work through it. Reporter the Concord High School players are working hard but only as hard as their trainer lets them. Im here to keep them healthy. Reporter the coach played for co ....
Washington state. Fires are burning in seven states. In california alone, theyre destroying 1,000 acres an hour. Extreme heat is making the battle all the more difficult. It has been a very hot day in much of the country. More about that in a moment. First Danielle Nottingham on the firelines in washington state. Reporter six wildfires have surrounded the city here. This is the view from the lake where at least three dozen homes were destroyed and 2,700 people were forced to flee. The flames still burn inside one of many home lost here in this lakeside community. For the residents who lived here, the loss is immeasurable. It was pretty scary. I have never seen a firestorm like this travel this fast. Reporter Reggie Collins is the c. E. O. Of a fruit company. He escaped the flame, but the business did not. He estimates his loss at 80 million. His sister carmens home burne ....