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By a technical problem at air traffic control provider nats. the organisation s chief executive has now apologised and says changes have already been made. we understand the way the system didn t handle the data that we saw, the way it failed, if you like. so we have put in place already procedures to make sure that if that happens again, we can resolve it very, very quickly. that, though, will likely be little comfort for the hundreds of thousands of passengers whose flights have been cancelled or severely delayed and who now face a struggle to get any sort of compensation. jon is at heathrow. we know about the glitch but the impact for passages goes on. day three of impact for passages goes on. d: three of delays impact for passages goes on. d
Wildfires and that may go political far more. politics may return to that venue sooner than we want. it has happened before in the wake of storms like this and we already know a fierce spending fight is on the horizon which could include even a government shutdown. but hopefully they can come together quickly on this. well, for now anyway politics rightly goes to the side as the federal government coordinates with the government there in florida as jon said. we continue to follow the path of hurricane idalia. powerful category 4 storm barreling toward florida set to make landfill at any moment this morning. morning joe is coming right back. more shopping? you should watch your spending honey. i m saving with liberty mutual, mom. they customize your car insurance so you only pay for what you need. check it out, you could save $700 dollars just by switching.
In joumanna bercetche who joins us live. good morning. stocks are on the upside. we saw green on the board as we kick off the final trading day in august. what are the expectations on wall street today? good morning, jon. the dow ended the session up 0.7% higher than nasdaq, almost 1%. today all futures are seen opening up in positive territory, this as the markets digest the commentary we got from fed chair jerome powell at the sidelines of the jackson hole symposium. he s saying the fed are prepared to raise rates if appropriate and they re still where policies makers feel comfortable. but he also said they re in restrictive territory and will proceed cautiously going forward. this week is a huge week in terms of f data. we get pce price index, personal
Income and spending data, manufacturing and job reports happening on friday. there s a lot happening this week, jon. we re glad cnbc will be with us for all of it. a real estate developer has lost a stunning amount of its market value. tell us what that is and what happened. last week we were talking about country garden, which is one of the large property developers in china, but today evergrande was huge. today trading opened down 80%. it s trading at around 30 cents on the dollar. jon, this is just another data point showing you how severe the
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The morning, another another spacex making its way to the international space station, four astronautses. jon than serrie has more as they begin to pick up the the pace, i guess, in space. where do we stand on this one? reporter: hey there, neil. well, the spacecraft endurance with four astronauts onboard is now in low earth orbit and scheduled to dock with the international space station on sunday. it launched atop a spacex falcon 9 rocket that lit up the night sky as it lifted off from nasa s kennedy space center at i 3:27 this morning. a toy sloth picked by the children of one astronaut serves as the mission s zero gravity indicator. the crew 7 mission if also includes a russian cosmonaut, a japanese astronaut and is under the command of american strawed jasmine mobelli. yes. we may have four crew members onboard from four different nations, but we re a united team with a common