Long time before it recovered september highs. How long . Try about 25 years. In other words, the highs we reached that year, at the peek of that bull market, september third, 1929, were not realized again until november 23rd 1954. You hear about catalysts and Hedge Fund Managers at time, were not called Hedge Fund Managers. Were worried about the giddiness building. It was too far, too fast a great comeuppance. Herbert hoover who was providing over roaring market. He came into office in 1928. Things were swimmingly two years later. He would not survive in the next election. Someone who was considered laughable shot rising to the white house, you might remember the name. Franklin roosevelt, Big Government spending liberal, who many said who would have no chance taking 1600 pennsylvania avenue in the middle of a financial crisis. Reminders that unexpected developments can change outcome of elections. We saw that in 2018, john mccain, fellow named barack obama were deadeven until the met
To the interview with jay blakesburg. The man who shot so many still photos of the grateful dead from 78 up until jerry garcia stephanie has a new book out. About 140 or 150 pictures. Color photos and a lot of quotes from a number of people throughout the years talking about jerry garcia. We will have enliven studio coming up. I got to see him we look the same right . First to the big news of the day. In the past hour we heard from Contra Costa County fire officials about the massive fire at a Petroleum Storage facility in crockett. That was the explosion as it happened. Officials say the fire is contained but they have yet to determine what started it. The fire sent an awful lot of the black smoke into the air in rodeo, hercules and crockett. Interstate 80 is now open after 80 was shut down in both directions for hours yesterday. At this point crews are on the scene investigating are working to prevent any further damage. Lets bring in sarah life in crockett with the remaining concern
At dash cam video showing an outofcontrol suv pulling a uhaul, right there slams into two firefighters. It happened in stringtown, oklahoma. Police say the suv lost control on a wet road. It crashed into another vehicle, then the trailer swung around there and hit the firefighters. Amazingly, they only suffered minor injuries. Turning now to the tragic new developments in that deadly fire aboard a scuba dive excursion boat off california. Were learning new details about who was on board that boat. Heres abcs will carr. Reporter families worst fears confirmed. All 34 people trapped in that burning dive boat are now presumed dead. This new coast guard video shows the smoldering ship as it sinks. As of 9 40 a. M. This morning, coast guard has suspended search efforts pending further development. It is never an easy decision to suspend search efforts. Reporter the desperate search has now turned into a grim recovery operation with dive teams combing the wreckage sitting at the bottom of th
Le link bween students who got accepted. Plus, roger falls while serena soars at the u. S. Open. Also, one citys bizarre way to confront a moose on the loose. And the new big screen tv with a 42,000 price good wednesday morning, everyone. Thank you for joining us. We begin with Hurricane Dorian approaching the u. S. Coastline after wiping out part of the bahamas. Thousands of Power Outages are already reported in florida. Heres where the storm is right now. The eye of dorian is staying well off the coast passing east of Cape Canaveral but Tropical Storm force winds can be felt 170 miles away from the eye wall. Heres the latest forecast on where the storm is heading. The big concern is for the carolinas including charleston tomorrow followed by the outer banks of North Carolina. In addition to heavy rain, coastal areas are bracing for a storm surge that could reach seven feet. Up to 10 inches of rain could fall in some areas. The first effect are the heavy winds, gusts could top 70 Mile
Q were relatively flat up slightly, up about 2. 5 points in europe we saw the active trading taking place all of this ahead of the fed meeting starting today the cac is the biggest gainer of the three major averages its up by q . You see gains of a half percent across the board and then if you want to seee1 whats happening in the treasur market here in the United States o0. 042 theres no way bad news is good Morgan Stanley is soenearish yesterday was the mostx boring day i watched ine the markets seeing the bug here and there at thee1 gym or whatever. I would look up. I have to check. E 46 i have to check. Up 46. Is it dog days yet it may be market breaking news. Facebook officially unveiling its cryptocurrency currency plans. Julia boorstin has more on that. Facebook announcing its new Digital Currency called libra. It will make it easy to send money around the world the currency is set to launch the first half of next year. It will be run by a nonprofit in switzerland up like