Facing another grilling from lawmakers about the safety of the 737 max. Risks facing the stock Halftime Report starts right now. All right. Good to have you with us on this wednesday from post 9. Our Investment Committee here. Lets begin with the markets the count down to the fed. Investors expecting a cut, but it is the what comes next that matters most of all. And for that we bring in Steve Liesman, who is at the fed today. Thats what everybody wants to know, right . Everybody knows a cut is coming. Its whats next. What i think will happen is powell and the committee will carve out flexibility to react more to the data i think the issue, the way that powell probably not going to put it this way, but simply to understand it is we may cut next time we may not cut next time but were definitely not going to cut were not definitely going to cut is a good way to think about it in other words, the market is building in automatic cuts from meeting to meeting and i think powell will want to b
Treasury market, youll see the ten year right now is yielding all the way up at 1. 829 30year back at 2. 3 so some much higher levels of yields than weve been used to in recent month. Our top story, a series after attacks that took place over the Weekend Energy prices are soaring. Wti crude at 59. 55 brent at 65. 60 Big Questions for the future of the aramco ipo airline prices, all sorts of things Brian Sullivan is covering the huge moves in the oil prices in houston. But we want to start this morning with hadley gamble in riyadh, saudi arabia good morning, hadley. Good morning, guys. We are now over 48 hours from the largest ever terror attack on saudi arabias Oil Production facilities and still very muted response from not just the government itself but aramco were told in the next few hours we could see more information coming out of the company just about how this happened information about output, at the moments all we really got go on is the reemphasis time and time again on the
A 9 to 5000000000 dollars for an 8 packets full as well to crane and tie. One of the rooms present lines and columbus strengthening ties on Economic Corporation is for like the its 7 g m t, thats 10 am and gone. So where we begin this news hour, at least 3 pile of students have been killed and is really strikes that hit a residential building. And rafa in the south and the 1500000 people have sort refuge in the city. What as well as trusting to launch a major ground offensive, and central goal is that for people with kills, i mean is waiting for me, talk it out to his elders or at refugee camp on tuesday. The campus being under repeated attacks the days. Meanwhile, heavy selling was reported to the town of the way to the injured have been taken to l. X. The hospital. Of course, sometimes honey, last month is in rough in southern gauze for us and honey. Yet another night of strikes, bringing more hora for families that trying to survive more than 200 days now of war. Yes, that as the da
20 tomorrow morning. Thousand we go live to Sarah Rosario in forth laud. Reporte ft. Lauderdale. Reporter the wind is starting to pick up here as Hurricane Irma is less than 24 hours from landfall. Hurricane force winds expected from coast to coast, raising the potential of life threatening storm surge. The message clear. You need to go now. And a has exodus followed as irma showed its strength. We were here for wilma. Nothing really frightening as this. Reporter many heeding warnings as the most powerful atlantic hurricane on record battered the caribbean taking lives, homes and leaving more than a Million People without power. This is a catastrophic storm that our state has never seen. Reporter many shelters are full. Gas stations and airports closed. I dont know what do. Reporter preparations made across the state. From protecting animals at the miami zoo to shutting down the happiest place on earth, disney and other theme parks close as irma sets sight on the Sunshine State. Those
What if the fed hikes anyway . With us for the hour, joe tear ra noev dia, stephanie link, josh brown. Josh, you tell me. Another ugly read. Nonmanufacturing backs up last weeks manufacturing report, disappointing. Jobs report below expectations. What happens if the fed goes anyway . Whams to stocks . Could be an adjustment. Look at the history of surprise hikes its different from the history of well deteltelegraphe hikes. I dont know if its necessary. A whole cult of commentators saying, about time. We finally have this over with. Plus, you have no idea what the accompanies statement will be, if they were to go and then say, well, this was really a dovish hike or whatever it is were creating. Look at the big picture, scott. U. S. Stocks mixed. The phangs are going nuts. Same old same old. New alltime highs for face bbo, google a lot of the action is overseas even so. Look at emerging markets. Eem up 1 po. 7 on the day. And since august. Best run since august. You have to pick your spo