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That is holding a News Conference in the state capital, austin, as texas battles floods affecting thousands of people. Fortunately, the death toll has not been extensive, that thousands of people have been made homeless and are in shelters the cause of record amounts of rainfall left by harvey. Meantime, the fema administrator is making it clear that the storm devastation stretches beyond houston. He gave an update today on the situation on the ground after harvey made a second landfall. , the effort oned houston. We have to understand there are multiple counties, over 50 counties impacted rig...

European markets are well underway and as he has pointed out a number of times they have been of late for our own markets and there they are up across the board. Not bad actually. No, our futures being down is a function of idiocy. Idiocy how about the ten year note yield were right around 210. Yesterday. And also we know if you buy the banks you get some leadership rally and oil goes to 42 they still have no place to put it which is incredible given the fact that at one point we would be in a state of emergency but instead were in a state of glut youre going to pushing and theres not enough p...

Good afternoon. Stocks steady despite jobs and gdp data financials and tech the best performers and telecom and energy the biggest laggards. Bob evans farms soaring, beating Sales Estimates and raising outlook and chicos taking a hit. Comp store sales also missing the mark. Lets get you caught up on latest headlines on har vixt the governmentrun u. S. Flood Insurance Program now says it has already received 35,000 claims, as of noon today and as of midnight, dumped 21 trillion gallons of rain, and its enough to fill half of lake tahoe. And the storm is hitting louisiana now. The state bracing ...

We are live in springfield, missouri, with all the details. Meanwhile Tropical Storm harvey making landfall again. This time slamming parts of louisiana. Well speak with a states lieutenant governor, Billy Nungesser about the situations there. Talking about harvey, the town of port arthur, texas, now underwater after being hit hard by heavy rains overnight. Were live on the ground there where rescue efforts are now underway. Cheryl well get back to texas of course in a moment but these markets, taking a look at the dow climbing for a second straight day, driven higher by shares of cisco. Goldm...

The mortgage industr more stagg. All that and more on nightly Business Report for wednesday, august 30th. Good evening and welcome. Tyler is off this week. The economy rebounded sharply this spring lackluster growth in the First Quarter. It was led by spending on automobiles. Gross domestic product grew a full 3 in the Second Quarter and that i quarter of 2015. Steve liesman has more. Theres some excitement t st path after twoodays upward y forecast for this quarter. Second quarter gdp revised up to 3 . The best showing since the First Quarter of 2015. Consumers spent more than reported and bu...