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Today. Down by 1. 5 . Well dig into that over the next two hours. We begin with the banks. Dan warner is a banking analyst at morning star. Great to have with you us. Dan . I dont understand why one would be invested in banks right now unless you simply wanted to preserve or lose capital. Give me the bull case. The bull case is that if you with the strong economy, with the low cost and positive thats we, have were still seeing strong loan growth. I think i mean there are headwinds. But for longer term, i think you still want to be in banks. The fed will raise rates at some point. It always seems like the last few meetings when he some excuse or some reason at the last minute why they havent raise the rates whether its geopolitical or a jobs report. They will raise rates. I dont i dont think its going to be quite maybe you may see one before the lection. I think that lection may have smim pact on the timing of the rate increases. I would look for it more december or thereafter. So i thi ....
On two amendments expanded background checks on the other banning sales of of guns to suspected terrorists. Bernie sanders will address supporters tonight. He is not expected to formally drop out of the race. Hillary clinton getting ready to wrap up her attacks on donald trump especially on the economy. Wildfires in arizona for us in thousands to evacuate homes. The latest coming on. Throwback day. Details on the return to the music business ahead. Market this morning under pressure. Investors react to the decisions on the Federal Reserve and bank of japan. So bank of japan. Selling in asia overnight. The nikkei average to sharply trembling 3 . That set the tone for Global Markets in europe insurgency over the british go to lead the eurozone weighing on stocks as well. That is 33 points lower. The u. S. Looking on a lower opening. The dow industrial open 50point and a declin ....
We have a reporter 200 miles south in edmonton where evacuees are starting to arrive. Thats right. You just mentioned the latest development. The Health Minister saying that they may have to ask the u. S. For some assistance. Now the fire has exploded in size since sunday. It continues to grow. You also mentioned that it is just within mere miles of a couple of oil sands sites tlachlt isthat is a new development. 80,000 people have been evacuated. Many of them were stranded north of ft. Mcmurray. It is usually ment for employees. Some of them now are coming down and were seeing a steady stream of cars and buses come to Evacuation Centers like the one behind me in edmonton. We spoke to one of the evacuees, andy parker. He owns a straut in ft. Mcmurray. He was lucky enough to get out before the highway is closed. Were going to show you footage he took from the cell phone r ....
Global commodities crush. And tracking the big storm. Hurricane Joaquin Phoenix may miss the east coast. Were not out of the roads yet. Stocks wiping out the big losses there this morning. The dow was down as much as 258 points earlier. Now its up by 44. The s p by 5. Lets get more. Whats behind the turnaround, bob . Initially, the trades cant decide if bad news is good news again. I want to show you what happened. Take a look at the s p 500. We dropped more than 20 points on the future. We gapped down at the open for the s p 500. I think europeans look to the u. S. For growth help, they initially thought that this might be good news. It wasnt. They, too, also sold. But then, things turned around. If you put up the s p intraday, we had a series of strong rallies about 10 15 or so. Every ten or 15 mine out minu, spikes. You cant see the volume here. The dollar is notably weaker. Thats a big help to global multinationals. E emerson ....