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Consumers arent spending as much as expected. Retail sales for june fell a seasonally adjusted 0. 3 , well below expectations of a rise. Because it makes up a good chunk of Economic Activity if that piece of the economic puzzle is missing, some say it throws into question the potential rate hike by the federal reserve. And the batch of bad news comes just one day before fed chair janet yellen is set to appear before congress. Courtney reagan reports. According to the latest government data, consumers arent spending enough to prop up Economic Growth. June retail sales posted the weakest reading...

2015. About 25 of the constituents of that index and a third of all of the dow components now sit in bear market territory, meaning they have fallen 20 or more from their highs. By the close, the major averages all lost at least 2 of their value, the Dow Jones Industrial average plummeted 358 points to 16,990, breaking below 17,000. The nasdaq off 141 and the s p 500 shed 43 points. As stocks fell, so did bond yields. The tenyear yield hovering around 2 , the lowest in four months. Much of the selling had to do with uncertainty over the timing of a rate hike by the Federal Reserve and over con...

2015. About 25 of the constituents of that index and a third of all of the dow components now sit in bear market territory, meaning they have fallen 20 or more from their highs. By the close, the major averages all lost at least 2 of their value, the Dow Jones Industrial average plummeted 358 points to 16,990, breaking below 17,000. The nasdaq off 141 and the s p 500 shed 43 points. As stocks fell, so did bond yields. The tenyear yield hovering around 2 , the lowest in four months. Much of the selling had to do with uncertainty over the timing of a rate hike by the Federal Reserve and over con...

2015. About 25 of the constituents of that index and a third of all of the dow components now sit in bear market territory, meaning they have fallen 20 or more from their highs. By the close, the major averages all lost at least 2 of their value, the Dow Jones Industrial average plummeted 358 points to 16,990, breaking below 17,000. The nasdaq off 141 and the s p 500 shed 43 points. As stocks fell, so did bond yields. The tenyear yield hovering around 2 , the lowest in four months. Much of the selling had to do with uncertainty over the timing of a rate hike by the Federal Reserve and over con...

There has been and will be historic flooding. There have been Mass Evacuations and several deaths. Tens of thousands are without power in houston. The nations fourth largest city, well, its at a standstill. And the heart of the Nations Energy infrastructure is impacted. We have reports up and down the gulf coast. In Corpus Christi near where harvey made landfall, galveston, of course, but we begin with Contessa Brewer in houston. Reporter houston is dealing with persistent flooding and relentless rain now measured in feet rather than mere inches. All the while officials are grappling with fami...