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items on congress to-do list along with harvey relief fund and can program, things that threaten to divide republicans in d.c. even further. we ll look how it plays out. new reports that a defiant north korea is getting ready for more missile tests as they threaten to send quote, gift packages to the u.s. the latest on all of this, and a lot more. melissa: all the new threats from north korea helping to fuel a big selloff on wall street. also the storm not helping. a lot of factors. the dow snapping a four-day winning streak. united technologies, goldman sachs, travelers leading blue chips lower. gold and oil are rallying. phil flynn watching all of it from the cme. nicole petallides on floor of the new york stock exchange. nicole, go to you first. what is the key thing driving this off? there are a lot of factors out there. the debt ceiling, everything that has to be done in washington, there s a lot? that is part of the noise. so many different elements the marke ....
word moderate, it is not in there. democratic leader chuck schumer. nothing moderate about him or nancy pelosi, on a three-month extension for the debt ceiling and funding for the government. a deal that has congressional conservatives fuming. we ll take you there live when the president begins. david: all happening right now. but markets first. getting a bump from the president s announcement that would clear the decks for a tax cut. quickly to nicole petallides from the floor of new york stock exchange where the idea of a tax cut really excites investors. i can almost say tax cut, good news, back to you, david and melissa, to you jokingly. that is one of the ideas that propelled us since last november. the dow is up 255 points after a 234 point drop. up 55 points. intel had news in europe. home depot is shipping out emergency materials down to florida ahead of hurricane irma. you saw the energy names higher. taking a look at amazon. amazon has been in the news bec ....
impacted by the hurricane as you have pipelines and refineries out of work. it s great to get a read on the state of their business right now. in particular we will be speaking to the ceo of show near , the only company that can export liquefied natural gas in the country and it is down on the u.s. gulf coast. is it operational? is the buildout having any issues? what does it say for the future if you are so concentrated on the gulf coast? look forward to that. since you are over there, i have the privilege of welcoming lisa abramowicz. see her s so great to so excited in her element. it s a lot going on right now, we are looking forward to hearing what she comes up with. right now let s get you up to speed about what we are looking at the head of the open of u.s. markets. s&p futures are up just the touch, the dax up more. the u.s. 10 year yield is down, which is interesting, because , butave risk on in stocks risk off, yields down, price up and the euro continuing its ....
of hurricane harvey, along with the destruck for a three-month extension for the debt ceiling to clear the decks for tax reform. what will happen when it heads to the house where conservatives are crying foul? we have a great line up. among our guests, congressman andy biggs. he of the conservative freedom caucus. he doesn t like the deal. karl rove, herman cain, the mayor of fort lauderdale, whose mayor is under a portion evacuation order. melissa: get back to the markets. we re getting a quick check on the markets from nicole petallides on floor of new york stock exchange. nicole, tell me about today. good afternoon, melissa and dave. we saw this type of action back and forth. the morning more volatile throughout the afternoon. the low to the down side down 60 points. financials got hit hard. there are concerns not having a fed rate hike later this year. 32% chance. watching all things debt ceiling. whether or not that will go through. there is an idea in place. we ....
right now, if you re not under evacuation you still should be ready to leave. hurricane irma looking like florida s worst-case scenario. it has the making of a catastrophic storm the likes of which the state has never seen. the majority of florida will have major hurricane impacts with deadly storm surge and life-threatening winds, if you re still in the keys get out now. we will quickly run out of good weather to evacuate. david: areas on the coast could see storm surges of water up to 12 feet. that is higher than the elevation of most of southern florida. we have complete coverage in this hour. melissa: the storm roaring through the caribbean, leaving a path of death and destruction in its wake. irma is rapidly approaching the united states. fox news meteorologist rick reichmuth is in the weather center but we ll start with our own jeff flock. he is in daytona beach. jeff, what is the latest from there? reporter: well, we ve been tracking the exodus out of florida. ....