Yesterday carl was a discouraging day for a lot of people who have been chasing momentum because last week was maybe one of the best momentum weeks i can recall since 1999, which meant that if you bought it went higher and how much fun is that . Yesterday was the day that you bought it went higher and then you got crushed. So i think that usually takes a couple days of reset where maybe you can after stocks that arent as hot, say, as tesla. So you would focus, say, on Something Like the banks ive been through the banks and i know dave and i talk about this all the time, they are incredibly complex beasts, they are not like, oh, tesla, hot and when i first went over them i thought they looked pretty good but already theyre reversing. This is not an uncommon pattern as people find one line or two line that they dont like and then they sell these stocks. David, its happening once again. You know that these banks could have had littered with bad loans, its not, they have great trading, the
Wmaq meteorologist in the house with us today. As of 12 00, category 4 hurricane, but still only a few miles away in terms of wind speeds from a category 5 still very strong and very dangerous storm. You can see it spinning here right off to the right the path its going to take is westnorthwest and go right in between the bahamas and cuba in very warm water. So i do not see this losing much intensity. I even think we could see it intensify a little bit more as we mover forward today and then it does look to make aim on south florida, as we go into really sunday early morning. So lets talk about the latest alerts that have just been issued the hurricane watches have been extended up the coast, including tampa and including orlando now. You can see it in the orange color. Anything in purple, thats actually going to be the hurricane warning. Also along with wind and heavy rainfall, storm surge is going to be a huge problem for spots along the coast, and you can see 5 to 10 feet in regards
Remember those 100 delivery fees for water were already seeing shell tell us more about that. I heard much higher gasoline prices as well, but i dont know if that was an urban edge end. Well talk about that and the other big story were following is the mass you have data breach at equifax which may have seen data stolen from nearly half of the u. S. Population. Well talk about what could happen to the stock, how you can protect your personal data from future hack attacks as well. Yeah, with the stock down 13 and the worst performer in the s p 500 today which is down a point and a half right now let start our full coverage of Hurrican Irma it is a does near landfall in florida. Wmaq meteorologist kaylee dieion is tracking the storms path and Jackie Deangelis with a look at final preparations being made and Morgan Brennan with a look at how difficult it is to get out of florida and how the theme parks are bracing. Had an update over the last hour the National Hurricane center has upped t
Norwegian wealth fund says it has returned from 2. 6 in the second quarter. They must have had a big position. If you are looking at the way that the Norwegian Wealth Fund is structured, they have a you look at when stocks, and then they have bonds. The Real Estate Holding returns them 1. 2 . They face many challenges. That is something we need to keep an eye on. Lets get on to the rescue of your data check in. This is what i am seeing overall. The markets are on a little bit of a rebound, especially for stocks. It is august 22. European stocks are joining the rally across most of asian equities, following three days of losses. Trading volumes, once again depressed. Even withreating, ray dalio saying he has reduced risk. Reporter the command review u. S. Forces are confident in the ability to destroy north korean missiles. Pyongyang threatened the United States with merciless revenge for carrying out annual military drills with south korea. Steve mnuchin says President Trump could keep
There its closed in observance of the columbus day holiday. Our road map this morning starts with, of course, the markets, attempting a fresh start after logging one of the worst weeks of the year. Looking ahead to financial and technology earnings. The first case of a person contracting ebola on u. S. Soil has been confirmed. A complete report in a few moments. Fear cry automobiles marking the return of a chryslerrelated stock no the u. S. Market. In the meantime, new era here at cnbc. We have a new look debuting today from our ticker to market boards. Youre going to see different looks through the day. Your chance to get closer to Sara Eisen Simon hobbs funny faces. And figure out whats going on in the corner of the screen at all times. Bulls hoping to put a week of worries about Global Growth behind them. Dow falls 2. 7 , erased gains for the year. For the index people care about, the s p and nasdaq, they had bigger losses, suffering its worst week since may 2012. Earnings seasons r